Property Type

IPA Arranges Sale of Apartment Complex in San Antonio

by Haisten Willis June 12, 2015

SAN ANTONIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in institutional and private investment sales, has arranged the sale of Tacara at Westover Hills, a 312-unit apartment community in San Antonio. Will Balthrope and Drew Kile of IPA, along with Marcus & Millichap associate Rowan Burch, advised the seller. Balthrope, Kile and Burch also procured the buyer, Fort Worth-based Olympus Property. Constructed in 2014 on 13.4 acres, the community is located at 8543 State Highway 151, less than one-half mile from the intersection of State Highway 151 and Loop 410. Westover Marketplace, a 600,000-square-foot shopping center, is within walking distance. Amenities at Tacara at Westover Hills include keyless entry, stainless steel appliances, granite countertops, under-mounted sinks in kitchens and bathrooms, garden-style tubs and patios/balconies. Community amenities include limited-access entry gates, a 24-hour fitness center, pool with sundeck, outdoor lounge areas with fire pits and fireplaces, tanning booths, a dog park and an electric car charging station.

June 12, 2015

Davis Commercial Negotiates Sale of Land for Apartment Complex in Houston

by Haisten Willis June 12, 2015

HOUSTON — Davis Commercial Real Estate has negotiated the sale of three buildings on 21,303 square feet of land located at 4545, 4509 and 4503 Mount Vernon St. in Houston. The buyer, Light Hill Partners, plans to redevelop the properties. Light Hill Partners is a Houston-based company focused on acquiring and developing multifamily and single-family projects. A mid-rise multifamily development is planned for the site. Ashley Casterlin of Davis Commercial Real Estate represented the buyer in the transaction.

June 12, 2015

Office Texas

Colliers International Arranges Sale of ALORE Center in Metro Houston

by Haisten Willis June 12, 2015

THE WOODLANDS, TEXAS — Colliers International has arranged the sale of ALORE Center, which comprises medical office and office buildings and a surgery center. The property is located at 26710 I-45 in The Woodlands submarket of Houston. Beth Young of Colliers International represented the seller. The buyer was Woodlands Medical Properties, an out-of-state investor.

June 12, 2015

Industrial Texas

M&M Negotiates Sale of 90,600 SF Self-Storage Facility in Metro Dallas

by Haisten Willis June 12, 2015

PLANO, TEXAS — Marcus & Millichap has negotiated the sale of All Star Self-Storage, a 90,600-sqaure-foot self-storage facility located in Plano. Brandon Karr of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Karr also secured the buyer, a limited liability company. All Star Self-Storage is located at 800 Fulgham Road. The 185-unit property comprises seven buildings constructed in 2002 on 4.8 acres and features garage-style doors, standing seam metal roofs, steel framing, brick facades, perimeter fencing and lighting, video surveillance, an on-site manager’s office and personalized key-pad entry/exit gates.

June 12, 2015

District of Columbia Office Southeast

CBRE Brokers $115M Sale of 12-Story Office Building in D.C.

by John Nelson June 12, 2015

WASHINGTON, D.C. — CBRE has brokered the $115 million sale of a 12-story, 165,752-square-foot office building located at 1750 K St. N.W. in Washington, D.C.’s Golden Triangle district. Mirae Asset Global Investments purchased the office asset from Sumitomo Corporation of Americas. Michael Blunt, Randall Heilig and Andrew Felber of CBRE’s Washington, D.C., office represented the seller in the transaction. The building is currently 95 percent leased with Wiley Rein LLP serving as the anchor tenant. Additional tenants include International Truck Association, ASKG Public Strategies and One-to-One Fitness. In 2010, the property underwent an extensive $4.5 million renovation that included significant upgrades to the mechanical systems and improvements to the anchor tenant’s space. The building has access to an onsite fitness center and parking garage and is within walking distance of the Farragut West and Farragut North Metro stations, Connecticut Avenue and Farragut Square.

June 12, 2015

1420 Sams Avenue Elmwood Business Park New Orleans

Industrial Louisiana Southeast

Cushman & Wakefield Arranges $15.5M Sale of 360,000 SF Distribution Center in New Orleans

by John Nelson June 12, 2015

NEW ORLEANS — Cushman & Wakefield has brokered the $15.5 million sale of a 358,060-square-foot distribution center located at 1420 Sams Ave. in Elmwood Business Park, a 33 million-square-foot industrial park in New Orleans. Built in 1984, the property was 95.6 percent leased at the time of sale. Mike Davis, Michael Lerner and Rick Brugge of Cushman & Wakefield represented the seller, Columbus Nova, in the transaction.

June 12, 2015

Alabama Retail Southeast

Colliers Brokers $10.9M Sale of Power Retail Center in Alabama

by John Nelson June 12, 2015

DECATUR, ALA. — Colliers International’s Southeast retail investment sales team has brokered the $10.9 million sale of The Market Shoppes, a power retail center located at 2407 6th Ave. in Decatur. Built in 2012, the Class A center was fully leased at the time of sale to tenants such as Kohl’s, Ulta Beauty, Lane Bryant and Mattress Firm. A family trust based in California purchased The Market Shoppes from Birmingham-based Blackwater Resources. Tony D’Ambrosio and Joe Montgomery of Colliers represented the seller in the transaction.

June 12, 2015

Pavilion Center 9755 Dogwood Road Roswell

Georgia Office Southeast

Atlanta Property Group Sells Three Class B Office Buildings in Metro Atlanta

by John Nelson June 12, 2015

SANDY SPRINGS AND ROSWELL, GA. — Atlanta Property Group, an investor and owner of office and industrial assets in the metro Atlanta area, has disposed of three Class B office assets in Sandy Springs and Roswell. The buildings total 125,283 square feet and include Hightower Centre I and II at 8300 and 8302 Dunwoody Place in Sandy Springs and Pavilion Center at 9755 Dogwood Road in Roswell. Kevin Markwordt and Todd Syprett of Transwestern’s Southeast investment sales group represented Atlanta Property Group in the transaction.

June 12, 2015

Multifamily New York Northeast

E&M Associates Acquires Two Multifamily Properties for $72.3M

by Amy Works June 12, 2015

NEW YORK CITY — E&M Associates has acquired two multifamily properties in New York City’s Astoria neighborhood for $72.3 million from Related Cos. Located at 11-15 Broadway and 30-50 21st St., the properties are known as Astoria at Hallet’s Cove and Montenegro of Astoria, respectively. The properties offer a total of 144 rental units and 64 parking spaces. Astoria at Hallet’s Cove is an eight-story, 76,100-square-foot elevator building with 79 apartments, and Montenegro of Astoria is an eight-story, 59,240-square-foot elevator building with 65 apartments. Aaron Jungreis of Rosewood Realty Group represented both properties in the transaction.

June 12, 2015

Massachusetts Northeast Retail

Linear Retail Properties Buys Three-Property Retail Portfolio for $57.5M in Massachusetts

by Amy Works June 12, 2015

NORTH ANDOVER AND WALTHAM, MASS. — Burlington, Mass.-based Linear Retail Properties has acquired a three-property retail portfolio, totaling 124,093 square feet, in Massachusetts for $57.5 million. The portfolio includes Eaglewood Shops at 175 Turnpike St. in North Andover, Main Street Marketplace at 1030 Main St. in Waltham and 1036 Main St. in Waltham. Acquired for $34.2 million, the 77,558-square-foot Eaglewood Shops is fully leased to Burtons Grill, Staples, Pier 1 Imports, Jos. A. Bank and Chipotle. The 44,461-square-foot Main Street Marketplace is fully leased and sold for $22.4 million. The adjacent 2,074-square-foot property, 1036 Main Street, was purchased for $850,000. The seller was Ross Hamlin.

June 12, 2015

Newer Posts

Older Posts