AURORA, COLO. – The 143-unit Windsor Court Apartments in Aurora has received a $9-million refinance. The community is located at 1570 Joliet Street. The loan features a 10-year, fixed-rate term and a 30-year amortization schedule. It was originated by Jarett Blasberg of Alliant Capital LLC.
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PHOENIX — Baseline Interstate, a 136,683-square-foot industrial warehouse/office property in Phoenix, has sold to Dalfen America Corp. for $7.5 million. The buyer was doing business as Mazal TOV Realty, LPL. The property is located at 4707 E. Baseline Road. The building was vacant at the time of sale. Bob Buckley, Tracy Cartledge and Steve Lindley of Cassidy Turley’s Capital Markets Group represented Dalfen. The seller, Holualoa Companies, was represented by CBRE.
MENIFEE, CALIF. – A 4,000-square-foot property in Menifee that is net leased to Panera Bread has sold to a private investor for $2.1 million. The property is located at 30318 Haun Road. Panera entered into a new 15-year, triple-net sale leaseback with the buyer upon close of escrow. The buyer was represented by Ron Duong in Marcus & Millichap’s Newport Beach office. The seller, also a private investor, was represented by Glen Kunofsky and Don McMinn, also of Marcus & Millichap.
RIVERSIDE, CALIF. – The 208-unit View Pointe Apartments in Riverside has sold to DLPG Real Estate Investment Fund for $32 million. The community is located at 5059 Quail Run Road in the submarket of Canyon Crest. It is less than a mile from the University of California, Riverside. The seller, a private Bay Area investment group, was represented by Dean Zander, Vince Norris and Spencer Scott of Hendricks-Berkadia.
CAMPBELL, CALIF. – The 225-unit Kirkwood Village Apartments in Campbell has received a $25-million refinance. The fully leased community was built in the early 1960s. It is located at 1630 W Campbell Ave. in the San Jose suburb. The long-term, fixed-rate loan was secured by Kenneth M. Fox in Cohen Financial’s San Francisco office on behalf of the local real estate investor/owner/developer. It was funded by Lincoln Financial Group.
MONROE, LA. — Faris Lee Investments has brokered the $14.6 million sale of Pecanland Commons, a Target-anchored shopping center located at 4209-4299 Pecanland Mall Drive in Monroe. Other tenants include Ross Dress for Less, Bed Bath & Beyond and Petco. Target was not included in the sale. Richard Chichester, Matthew Mousavi and Thomas Chichester of Faris Lee Investments, along with Beezie Landry of Stirling Property Group, represented the seller. The buyer, Missouri-based TKG, was self-represented.
LAUDERHILL, FLA. — Marcus & Millichap has brokered the $4.4 million sale of Olive Tree Apartments, an 88-unit apartment community located at 2051N.W. 43rd Terrace in Lauderhill, about 6 miles west of Fort Lauderdale. Evan Kristol and Daniel Draizin of Marcus & Millichap's Fort Lauderdale office represented the seller, a Pompano Beach, Fla.-based limited liability company, in the transaction. Felipe Echarte, also in Marcus & Millichap's Fort Lauderdale office, secured and represented the buyer, a Deerfield Beach, Fla.-based limited liability company.
VIRGINIA BEACH, VA. — ARA has arranged the sale of Pembroke Lanes, a 300-unit, garden-style community located on Pembroke Boulevard in Virginia Beach. The Class B apartment community was 97 percent occupied at the time of sale. Drew White, Mike Marshall and Wink Ewing of ARA represented the seller, Norfolk, Va.-based Harbor Group International LLC, in the transaction. Harbor Group International is a private real estate investment and management firm that controls a portfolio of international assets valued at approximately $3.8 billion. Virginia Beach-based Breeden Realty purchased Pembroke Lanes.
SANFORD, FLA. — NAI Realvest has secured the $1.1 million sale of a second-floor office condominium at 5739 Byron Anthony Place in Sanford, about 25 miles north of Orlando. The condominium is located in Savannah Park at Heathrow near International Parkway and State Road 46. Paul Partyka of NAI Realvest represented the seller, Home Office Holdings LLC, in the transaction. The buyer was 5739 BAP LLC d/b/a Xcel Media. Xcel Media will operate its headquarters in the Savannah Park at Heathrow property.
INDIANAPOLIS —Transpacific Development Co. has acquired a 1.12 million-square-foot distribution building in Indianapolis’ Ameriplex Business Park. The purchase increases Transpacific’s footprint in the Indianapolis metro area to 4.6 million square feet. John Huguenard and Chris Clayton of Jones Lang LaSalle represented the buyer in the transaction, while seller Metro Holdings One LLC represented itself.