SIERRA VISTA, Ariz. — A limited liability company has purchased the 60-unit Sierra Antigua apartments for $2 million. The community is located at 800 N. Lenzner Ave. in Sierra Vista, just southeast of Tucson. Hamid Panahi and James Crawley of Marcus & Millichap represented the buyer. Panahi, Crawley and Cliff David and Steve Gebing of the same firm represented the seller, also an LLC.
LINDON AND SALT LAKE CITY, UTAH — Ridgeline Management Co. has added two Osmond Senior Living properties to its operational portfolio, both in the Salt Lake City metro. The two properties are Osmond Senior Living in Lindon and Osmond Senior Living Memory Care in Salt Lake City. Ridgeline began operating the communities April 1. Ridgeline Management Co. is a seniors housing operator based in West Linn, Ore., with a portfolio of 24 communities in 10 states.
ASHLAND, MASS. — SVN | Parsons Commercial Group | BOSTON has arranged the sale of a 5,728-square-foot office building at 54-58 Union St. in Ashland. Victor Galvani and Garrett Quinn of SVN | Parsons represented the seller, Euroland Real Estate, and procured the buyer, Martel HVAC Corp. Martel, a heating and cooling solutions company, will move its corporate headquarters from Holliston to the property. Eurobrew Inc., a specialty beer importer, formerly owned and occupied the building. The property consists of office space, basement storage and a parking lot.
SPRINGFIELD, MASS. — Liquors 44 is opening its sixth location in western Massachusetts at 1755 Boston Road in Springfield. The company is a locally owned and operated liquor superstore founded in 1987. Matt Halprin of New England Retail Properties was the exclusive broker for the new 24,000-square-foot store on Boston Road.
CLIFTON, N.J. — Ideal Market Place has opened a new location at the Botany Plaza shopping center in Clifton. Ideal Market Place is a brand of the supermarket chain America’s Food Basket (AFB), which specializes in international foods. According to the AFB website, the company operates within all five boroughs of New York, and has expanded into New Jersey, Massachusetts, Connecticut and Rhode Island. AFB currently operates 43 locations, including the 24,500-square-foot Ideal Market Place in Clifton. Nassimi Realty, a privately held development and investment company, owns Botany Plaza.
JERSEY CITY, N.J. — Lutze Biergarten, a 23,000-square-foot outdoor beer garden, has opened along the Hudson River waterfront in Jersey City. The property is adjacent to Harborside, a mixed-use asset. Mack-Cali Realty Corp. owns both properties. Lutze features three seating areas and a selection of craft beers, cider, wine and sangria, as well as food from Jake’s Downtown and Bacon Me Crazy.
BRIDGEWATER, N.J. — Marcus & Millichap has negotiated the $4.2 million sale of Chimney Rock Plaza, a 14,700-square foot retail property located in Bridgewater. Ben Sgambati, Alan Cafiero and Brent Hyldahl of Marcus & Millichap’s New Jersey office marketed the property on behalf of the seller, a private investor. The team also secured and represented the buyer, another private investor. Chimney Rock Plaza is located at 564-574 Union Ave. The property sits on 1.7 acres near Route 287 submarket.
GRAPEVINE, TEXAS — Developer Seefried Industrial Properties Inc. has delivered a 322,194-square-foot distribution and learning center in Grapevine for Mercedes-Benz USA. Situated on 31 acres along Lakeside Parkway at Enterprise Road, the property consists of a 262,969-square-foot distribution center and a 59,215-square-foot learning and performance center. Richardson-based construction firm Hill & Wilkinson served as general contractor on the project.
FARMERS BRANCH, TEXAS — Holt Lunsford Commercial (HLC) has arranged the sale of a 68,092-square-foot distribution warehouse in the Dallas-Fort Worth metro of Farmers Branch. Situated on 3.3 acres at 14335 Gillis Road, the property, which was built in 1977, features 18-foot clear heights, three dock-high loading doors and a sprinkler system. Joshua Barnes of HLC represented the undisclosed seller in the transaction. John Nguyen and Heather Nguyen of NewQuest Properties represented the buyer, 85C Bakery & Café, a Taiwanese bakery and coffee shop chain.
LAREDO, TEXAS — Marcus & Millichap has brokered the $4.7 million sale of Walker Plaza, a 63,714-square-foot office building located at 5810 Bernardo Ave. in the south Texas city of Laredo. James Bell and Keith Lloyd of Marcus & Millichap represented the seller, an undisclosed partnership. The name and representative of the buyer were not released.
