Property Type

Chaparral-Winds-Surprise-AZ

MESA, SURPRISE, PEORIA, SEDONA AND YOUNGTOWN, ARIZ. — JLL Capital Markets has arranged $96.5 million in refinancing for a five-property, 971-unit seniors housing portfolio in Arizona. Alanna Ellis, Brad Miner and Ace Sudah of JLL Capital Markets Debt Advisory secured the financing for the borrower, Douglaston Development and The Hampton Group. Recently renovated between 2021 and 2024, the portfolio consists of 510 independent living units, 339 assisted living units and 122 memory care units. The portfolio includes Canyon Winds at 2851 N. Boulder Canyon and 7311 E. Oasis St. in Mesa, Chaparral Winds at 16617 N. West Point Parkway and 16623 N. West Point Parkway in Surprise, Desert Winds at 20554 N. 101st Ave. and 20545 N. Lake Pleasant Road in Peoria, Sedona Winds at 405 Jacks Canyon Road and 475 Jacks Canyon Road in Sedona, and Ventana Winds at 12322 N. 113th Ave. in Youngtown.

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Evolve-Bldg-B-Carlsbad-CA

CARLSBAD, CALIF. — The Techbilt Cos., an owner and developer, has broken ground on Evolve, a three-building creative flex campus within a 600-acre master-planned development in Carlsbad. Evolve is the first of three new developments that Techbilt Cos. will bring to the Carlsbad market within the next two years. Evolve will include a 17,419-square-foot Building A, a 20,330-square-foot Building B and a 29,965-square-foot Building C. The buildings will offer clear heights of 28 feet, glass sectional roll-up doors, ample natural light, clean air/electric vehicle parking and bike storage. The project is designed to be divided for up to eight tenants and allows for each space to have its own shaded private patio/outdoor space and lunch area directly adjacent to the space. Cushman & Wakefield’s Conor Boyle and Tyler Stemley, along with the Cuthbert Industrial Team at Colliers, are handling leasing efforts for the project.

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Ponderosa-Park-Flagstaff-AZ

FLAGSTAFF, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale and financing of Ponderosa Park, an apartment property in Flagstaff. Keller Investment Properties sold the property to Bridge Partners for $28 million, or $233,750 per unit. Built in 1985 on five acres, Ponderosa Park offers 120 apartments, two laundry facilities, a clubhouse, fitness center and 24-hour emergency maintenance services. Steve Gebing, Cliff David and Hamid Panahi of IPA represented the seller and procured the buyer in the deal. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk, Jake Vitta and Tyler Johnson of IPA Capital Markets secured acquisition financing for Bridge Partners.

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38308-Lakeshore-Dr-Woodland-WA

ROSEBURG, ORE., AND WOODLAND, WASH. — Northmarq has brokered the sale of a three-property manufactured housing portfolio in Oregon and Washington for $14.3 million. Jeff Benson and Sam Neumark of Northmarq represented the undisclosed seller and buyer on both transactions. Vancouver, Canada-based Harmony Communities acquired Western Star Mobile Home Community, a property at 101 Lad Lane in Roseburg that features 117 pads and 46 storage units. The asset was developed in 1973. Hurst and Son LLC purchased the 96-space Woodland properties — Oaks Mobile at 38308 Lakeshore Drive and Woodlands Mobile Home Community (MHC) at 3910 NW Pacific Highway. Woodlands MHC offers a clubhouse, library and waterfront along the Lewis River.

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NORTH BERGEN, N.J. — JLL has arranged a $28 million permanent loan for a 215,000-square-foot industrial property located in the Northern New Jersey community of North Bergen. Originally built in the 1960s and renovated in the early 2000s, the shallow-bay building was 96 percent leased to seven tenants at the time of the loan closing. Building features include 16- to 22-foot clear heights, 14 dock doors, five drive-in doors and 81 car parking spaces. Jon Mikula, Max Custer and John Cumming arranged the fixed-rate loan through Nuveen Real Estate on behalf of the undisclosed borrower.

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JERSEY CITY, N.J. — The Community Builders (TCB) has delivered Fairview Heights, a 92-unit mixed-income multifamily project in Jersey City. The property is located in the McGinley Square area and offers studio, one-, two- and three-bedroom units, more than half of which (50) are subject to income restrictions. Amenities include a children’s playroom, community lounge with a kitchenette and screening area, onsite laundry facilities and a fitness center. Inglese Architecture + Engineering designed the project, and Sisca Northeast Associates served as the general contractor.

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NEW YORK CITY — A joint venture between Union Investment and Nuveen Real Estate has sold 636 Sixth Avenue, an 18,300-square-foot retail property located in the Flatiron District of Manhattan. The property includes office space on the upper floors. The joint venture originally acquired the building in 2016 for the open-ended real estate fund Unilmmo: Global. The undisclosed buyer plans to redevelop the property.

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STAMFORD, CONN. — Osborne & Little has signed a 14,930-square-foot lease renewal at an industrial flex building in the southern coastal Connecticut city of Stamford. The fabric and wall covering manufacturer will continue to house its headquarters at 90 Commerce Road. John Hannigan of locally based brokerage firm Choyce Peterson represented the tenant in the lease negotiations. The landlord, Stampar Associates, was self-represented.

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JEDBURG, S.C. — Rushmark Properties has obtained a construction loan for the development of Berkeley Commerce Center, a 775,000-square-foot industrial park in the Charleston suburb of Jedburg. Site work is currently underway, and Rushmark plans to break ground on the first of the property’s two buildings this fall. JLL Capital Markets arranged an undisclosed amount of construction financing through United Bank for the development. The first building at Berkeley Commerce Center will span 505,440 square feet and include 2,500 square feet of office space, cross-dock configuration and 36-foot clear heights. At 267,840 square feet, the second building will feature 1,200 square feet of office space, rear-load configuration and 32-foot clear heights. Rushmark expects to deliver the first two buildings in fourth-quarter 2025. The site, which fronts I-26, has the potential for three additional buildings that would bring the development to a total of 2.6 million square feet, according to Rushmark. The project team includes architect LS3P Associates, civil engineer Thomas & Hutton and general contractor HITT Contracting. Lee Allen, Kevin Coats and Tyler Smith of JLL will lead leasing and marketing efforts.

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COLLEGE PARK, GA. — CBRE has facilitated the $57.2 million sale of a two-property multifamily portfolio in College Park, a southern suburb of Atlanta near Hartsfield-Jackson Atlanta International Airport. The communities in the portfolio include Meadow Springs and Meadow View and comprise 456 apartments combined. Greybrook acquired the portfolio from an affiliate of Harbor Group International LLC. Shea Campbell, Ashish Cholia, Kevin Geiger, Keith Geiger, Colleen Hendrix, Don Hoffman, Malcolm McComb and Kurt McGarry of CBRE Southeast Multifamily represented the seller in the transaction. The team also represented Harbor Group in its $102 million sale of a metro Atlanta multifamily portfolio to LRE Management LLC.

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