NEW YORK CITY — Marcus & Millichap has arranged the sale of a three-unit townhome located at 426 W. 22nd St. in Manhattan’s West Chelsea neighborhood. A private investor acquired the residential rental property for $7.3 million, or more than $1,577 per square foot. The three-story property features a garden-level three-bedroom duplex with a private garden, a second-floor two-bedroom unit with terrace and a third-floor two-bedroom duplex with terrace. Peter Von Der Ahe, Joe Koicim and Josh Grossman of Marcus & Millichap represented the undisclosed seller and buyer in the deal.
LAS VEGAS — TruAmerica Multifamily has purchased three multifamily communities in Las Vegas. The purchase price was not disclosed. The Class B portfolio contains a total of 802 units. The properties include Oasis Gateway, Oasis Palms and Oasis Vinings. All three assets are situated within 2.5 miles of one another in the northwestern part of the valley. They were built between 1989 and 1997. TruAmerica will immediately implement a capital improvement program across all three properties. The assets were purchased in partnership with MSD Capital.
LAKEWOOD, COLO. — Jackson Square Properties has purchased the 300-unit Skye Crest apartments in Lakewood for $68.2 million. The community is located at 7846 W. Mansfield Parkway. It is situated immediately south of the intersection of Highway 285 and South Wadsworth Boulevard. HFF’s Jordan Robbins and Jeff Haag represented the seller, Fairfield Bentley LLC, in this transaction.
PHOENIX — CS1031 Crossroads Apartments has acquired the 316-unit Crossroads Apartments in Phoenix for $25.2 million. The Class B community is located at 2222 W. Beardsley Road in the Deer Valley submarket. It was built in 1982. David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller, WW Crossroads Apartments LLC, in this transaction. CS1031 Crossroads Apartments purchased the community on behalf of Rincon Partners. The LLC sold the asset on behalf of Olympus Property.
NORTH LAS VEGAS — DC Building Group has completed the remodel of the Delta Liquid Energy propane distribution facility and offices in North Las Vegas. The project included a 5,300-square-foot office and warehouse remodel, in addition to the installation of 30,000-gallon fuel storage tanks. Construction began in late 2015. The facility is situated near the Apex industrial area. Andoscia Architecture served as the project’s architect.
CALEXICO, CALIF. — San Diego-based Canada Investments has acquired Emerson Plaza, a shopping center located at 724 Emerson Ave. in Calexico. Gastone and Maria Elena Lopez sold the property for $700,000. The 6,000-square-foot property features a gas station and four retail units. Rob Bloom of Duhs Commercial represented the buyer and seller in the transaction.
WICHITA, KAN. — Ferguson Property Group has acquired the former Winfield Wholesale Grocery Building, a warehouse building located at 701 E. Second St. in Wichita’s historic district. SBJ Properties sold the 50,000-square-foot building for an undisclosed price to Memphis, Tenn.-based Ferguson. The buyer has a $20 million renovation planned for the property to convert it into retail and office space. Built in 1910, the property features underground parking. Patrick Ahern of NAI Martens represented the seller, while Mike Marrara of First Commercial represented the buyer in the deal.
ANNA AND CARBONDALE, ILL. — Capital One has provided two fixed-rate, HUD 232/223(f) loans totaling $10.3 million to refinance two skilled nursing facilities in Anna and Carbondale. Joshua Rose of Capital One originated the transaction for the borrower, a skilled nursing specialist with a portfolio of properties in Illinois and Indiana. The 70-bed facility, built in 1974, in Anna received a $5.9 million loan, while the 131-bed facility in Carbondale, which was built in 1965, received $4.4 million in financing.
GRAND RAPIDS, MINN. — Marcus & Millichap has brokered the sale of Wannigan Apartments, an apartment community located at 1607 E. Highway 169 in Grand Rapids. A private investor acquired the property for $1.7 million. The residential community comprises a six-unit, market-rate apartment building and a 24-unit student housing complex that serves the nearby Itasca Community College. Chris Collins, Adam Haydon, Evan Miller, Dan Linnell, Josh Talberg and Mox Gunderson of Marcus & Millichap’s Minneapolis office represented the seller, a private investor, and the buyer in the deal.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has arranged the sale of a vacant 6,000-square-foot building, located at 532 Ottawa Ave. NW in Grand Rapids’ North Monroe District. Tom Korest and Peter Mason sold the property to Promotional Impact/Green Giftz for an undisclosed price. The buyer is currently renovating the space and plans to move into the location by the end of the year. Mary Anne Wisinski-Rosely and Jason Makowski of NAI Wisinski of West Michigan represented the sellers, while Joe Rizqallah of Signature Associates represented the buyer, business owner Karen Scarpino, in the transaction.