DUNDALK, MD. — Enterprise Homes has opened The Greens at Logan Field, a 102-room affordable seniors housing facility in Dundalk, a suburb in Baltimore County. The $15.2 million development has apartments available to low- and moderate-income seniors earning up to 60 percent of the area median income. The four-story property totals approximately 97,000 square feet and features several patios, a sunroom, fitness room, activity/computer room, laundry facility, TV lounge, community room and hospitality suite. Bank of America provided construction financing for the project. Other financing was comprised of developer equity and debt from Baltimore County, Maryland Department of Housing and Community Development, Rental Housing Works, Elderly Rental Housing Program, EmPOWER Maryland, as well as a Federal Home Loan Bank Atlanta grant.
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EDEN PRAIRIE, BLOOMINGTON, ORONO AND MOUND, MINN. — MJ Partners Real Estate Services has brokered the $22 million sale of a four-property Metro RV & Mini Storage Portfolio in Minneapolis. Metro Storage HHF Venture LLC, a joint venture between Lake Forest, Illinois-based Metro Storage and Chicago-based Heitman, purchased the properties. The portfolio consists of 208,184 rentable square feet with 1,501 storage units and 448 RV/parking spaces. The properties are located in Eden Prairie, Bloomington, Orono and Mound, Minn. The portfolio features overall occupancy of 82.2 percent for three stabilized properties, and 53 percent for the recently opened Orono property. The properties will all be rebranded as Metro Self Storage.
CONCORD, N.H. — NorthMarq Capital has secured a $2.5 million loan for the refinancing of One Pillsbury Street in Concord. The property offers 27,253 square feet of office space. The commercial mortgage was structured with a seven-year term and features a 25-year amortization schedule. NorthMarq arranged the financing for the borrower through its relationship with a regional bank. Michael Chase of NorthMarq Capital’s Boston office handled the transaction.
DALLAS — Henry S. Miller Brokerage’s multifamily investment team has arranged the sale of High Point Centre, a 257,099-square-foot office building in Dallas. High Point Ricchi LLC purchased the building, which is located at 12225 Greenville Ave. Lew Wood, Andrew Doster and Darden Orand of Henry S. Miller represented the buyer. Eric Mackey and Gary Carr of CBRE represented the seller, Riversource REO 1 LLC.
BOULDER, COLO. – The 49-room Quality Inn & Suites in Boulder has sold to a partnership between Basecamp Hotels, Eagle Point Hotel Partners and Filament Hospitality for an undisclosed sum. The hotel is located at 2020 Arapahoe Ave. It is situated next to the University of Colorado and within walking distance of Pearl Street Mall's outdoor shopping, dining and entertainment district. The partnership will renovate and reposition the property to their signature brand, Basecamp Hotel. The brand is currently expanding into other markets across the U.S. The seller, Lewis Properties, was represented by Mike Dube of HREC Investment Advisors' Denver office.
NASHVILLE, TENN. — Multi Housing Advisors (MHA) has brokered the $22.8 million sale of Creekstone Apartments, a 316-unit apartment community located at 266 Stewarts Ferry Pike in Nashville. Built in 1987, the apartment community features a pool, volleyball courts, tennis courts, fitness center and a business center. Brett Kingman of MHA’s Atlanta office represented the seller, Creekstone TN LLC, in the transaction. Monsey, N.Y.-based White Eagle Property Group LLC acquired the property.
WILKES BARRE, PA. — Marcus & Millichap has brokered the sale of Midtown Village in downtown Wilkes Barre. A Wyoming Valley private investor acquired the 25,583-square-foot shopping center from an affiliate of Wilkes Barre-based Humford Equities. Located at 41 South Main St., the shopping center was developed in 1978. Jeff Algatt, Dean Zang and Mark Taylor of Marcus & Millichap represented the seller. Additionally, Algatt secured the buyer.
SAN ANTONIO — Marcus & Millichap has arranged the sale of Holiday Inn Express & Suites San Antonio South, a 66-room hospitality property. The property is located at 11400 Southeast Loop 410 in San Antonio. The three-story hotel was built in 2008 near downtown San Antonio and the San Antonio International Airport. Allan Miller, Robert Arzola and Chris Gomes of Marcus & Millichap’s San Antonio and Dallas offices marketed the property on behalf of the seller, a limited liability company. Miller also represented the buyer, another limited liability company.
SAN DIEGO – A 1.5-acre parcel of land in the San Diego submarket of North Park has sold to TR Hale LLC for $7.7 million. The parcel is located at 2030 El Cajon Blvd. The buyer plans to develop an upscale, mixed-use apartment project on the site, which was fully entitled by the seller for up to 180 units. The seller was AmProp North Park LLC. The transaction was executed by Victor Krebs and Gunder Creager of Colliers International.
NAPLES, FLA. — HFF has arranged the sale of Crossroads Market and Neapolitan Way, two Publix-anchored shopping centers in Naples. Danny Finkle, Luis Castillo and Kimberly Flores led the HFF investment sales team that represented the seller, Madison Marquette Retail Services, in the transaction. A private real estate fund advised by Crow Holdings Capital-Real Estate purchased the two assets. Crossroads Market is located at 6029 Pine Ridge Road and is 98.4 percent leased to tenants such as Publix, Walgreens, Crunch, Physicians Regional Health Care and Chase Bank. Neapolitan Way is located at 4601 Tamiami Trail and is 92.9 percent leased to tenants including Publix, Walgreens and Bill Smith Appliances.