PHOENIX – The 30-unit Indigo multifamily community in the Phoenix submarket of Ahwatukee has sold to Goodman Real Estate for $4.2 million. The fractured Class A condominium is located at 16160 S. 50th Street. Though 17 of Indigo’s units had previously sold as condos, the new owner plans to pursue these assets as well. The community can also hold an additional 78 units, which Goodman plans to develop soon. The seller, Sabal Financial Group, was represented byJohn Cunninghamand Charles Steeleof the Jones Lang LaSalle Phoenix Capital Markets Team.
LOS ANGELES — Premier Business Centershas leased the 12th floor at The Wilshire Landmark I building in the Los Angeles submarket of Brentwood. The building is located at 11755 Wilshire Blvd. The office space and executive suites operator will occupy 28 executive suites and office spaces, two meeting rooms, a kitchen, business lounge and reception area.
GAITHERSBURG, MD. — Equus Capital Partners has acquired a four-building, 282,523-square-foot office and lab portfolio in Gaithersburg for $41.4 million. The acquisition included a 4.9-acre parcel that can accommodate the development of 125,000 square feet of office and lab space. The buildings are 95 percent occupied to life science tenants, including Medimmune and Qjagen. The properties are located at 25, 35 and 45 W. Watkins Mill Road, near I-270. Jim Meisel, Dek Potts and Matt Nicholson of HFF as well as Robert Scheer and Matt Brady of Scheer Partners represented the seller in the transaction. Roy Perry and Kyle Turner of Equus also assisted in the deal.
COLUMBIA, S.C. — The University of South Carolina Development Foundation has acquired 1027 Barnewell St. in Columbia's central business district for $1.3 million. The 10,000-square-foot office building was formerly occupied by the South Carolina School Board Association. Dick Stanland of NAI Avant represented the seller in the transaction.
NORTH PORT, FLA. — North Port Innovation has acquired 14 bank-owned industrial condominiums, totaling 17,650 square feet, in the North Port Park of Commerce, located at 1050-1090 Innovation Ave. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield, Commercial Property Southwest Florida LLC represented both parties in the transaction.
MINNEAPOLIS — City Center Realty Partners, in a partnership with Angelo, Gordon & Co., has purchased 320,000 square feet of office space in downtown Minneapolis. The space occupies floors 18-36 of the Plaza Seven, a mixed-use tower located in the Nicollet Mall corridor at 45 S. Seventh St. The acquisition includes the building’s heated underground garage with 315 parking spaces. City Center Real Estate Services, an affiliate of City Center Realty Partners, will manage the new property. Jones Lang LaSalle will serve as the leasing agent for the office space. In addition to the office building, the Plaza Seven tower includes retail and a hotel.
VERNON HILLS, ILL. — HSA PrimeCare will develop a $10 million surgery center at 240 Center Drive in Vernon Hills, located about 35 miles north of Chicago. HSA is planning to break ground March 1 on the outpatient surgery center, which will include three surgical suites, one procedure room, and 14 recovery stations. The 15,000-square-foot building will be fully leased to Hawthorn Surgical Associates, which is relocating its practice from a facility in nearby Libertyville.
ROSEVILLE, MICH. — Bernard Financial Group has arranged a $9.7 million loan for Kensington Place Townhomes, a 206-unit property in Roseville. The 16-building property is located at 16651 E. 12 Mile Road. The lender was Prudential Huntoon Paige Associates LLC. Dennis Bernard and Neil of Southfield-based Bernard Financial arranged the loan.
SHAKOPEE, MINN. — Milestone AV Technologies has signed a lease for 106,000 square feet of industrial space at 804 Valley Park Drive in Shakopee, a southwest suburb of Minneapolis. Milestone AV Technologies, a provider of mounting and display solutions for audiovisual technologies, will take occupancy in September and use the space for distribution. Clothing distribution company SanMar is the current tenant. Cushman & Wakefield/NorthMarq represented the landlord, Virginia Retirement Systems, in the deal.
NEW YORK CITY — A 19,721-square-foot industrial property, located at 133 Sutton St. in Brooklyn, has sold for $3.3 million. Jakub Nowak of Marcus & Millichap represented the seller, a private investor and the buyer, a limited liability company, in the deal.