BOSTON — Linear Properties has acquired five retail condominiums at 346-354 Congress St. in Boston for $4.8 million. The condos are located within a seven-story property, known as FP3. The acquisition includes 15,711 square feet of space within the five retail condos on the first two floors of the building. Jonathan Dutch of Boston Urban Partners represented the seller, 346 Congress Street LLC, in the transaction. He also procured the buyer. The purchase price was undisclosed.
NEW YORK CITY — Massey Knakal Realty Services has arranged the $11 million sale of a four-story warehouse and storage facility in Brooklyn's Crown Heights. The 140,000-square-foot building is located at 1000 Dean St. The first floor includes loading docks, a storage area and several offices. The remaining three floors are used for storage and are accessible by two freight elevators and two staircases. Michael Amirkhanian and John F. Ciraulo of Massey Knakal represented the buyer and seller in the deal.
NEW YORK CITY — A new residential condominium property has opened in Staten Island, located at 155 Bay St. The Pointe includes 57 one- and two-bedroom units and is priced in the low $300,000s. Condos range in size from 962 to 1,255 square feet and each unit includes a private outdoor space. The six-story building is owned by Meadow Partners.
AUSTIN — Kansas City, Mo.-based Carter Validus Critical REIT has acquired the 27,000-square-foot Stonegate Medical Center, located at 2501 W. William Cannon Dr. in Austin, for $9.1 million. The property features three buildings which house a surgery center, a diagnostic/radiology center and a pain management center.
SAN ANTONIO — Oxford Commercial, an Austin-based subsidiary of Cushman & Wakefield, has arranged the sale of the 223,000-square-foot Legacy Oaks Office Park, a seven-building medical office project located at Fredericksburg Road and Mockingbird Lane in San Antonio. The project is currently 76 percent leased. Rhonda Toming and Jeff Coddington of Oxford Commercial represented the seller, JPMorgan Chase Bank, in the transaction. The buyer was MJR Investments.
DALLAS — Irvine, Calif.-based The Bascom Group has purchased the 272-unit Villas at Monterey, an apartment community located at 15534 El Estado Dr. in Dallas. The complex's amenities include two swimming pools, a community playground, five laundry rooms, storage rooms and a standalone leasing center. Entrada Partners will manage the property. Bascom was self-represented by Andrew Newton, Jeffrey Fuller and Paul Miszkowicz. The apartment community is Bascom's 20th Texas property.
FORT WORTH — Marcus & Millichap has brokered the sale of a 4,701-square-foot retail building, a two-tenant property located on the southwest corner of Camp Bowie Boulevard and Hulen Street in Fort Worth. Vincent Knipp and Chance Hales of Marcus & Millichap's Fort Worth office represented the seller, a California-based private partnership, in the transaction. Knipp also procured the buyer, a local partnership.
PEARLAND — HFF has arranged $12 million in refinancing for the 76,048-square-foot Shadow Creek Business Center, a Class A office building located along Shadow Creek Parkway in the Shadow Creek Ranch community in Pearland. Colby Mueck of HFF's Houston office led the team that arranged the 10-year loan through Ladder Capital Finance on behalf of the borrower, ZT Group Business Center One. The property is currently 92 percent leased.
PLEASANTON, CALIF. — MIG Real Estate has purchased the Britannia Business Center in Pleasanton for an undisclosed sum. The 135,210-square-foot center is located in the Hacienda Business Park, which consists of Class A office and R&D buildings. This is MIG’s first Bay Area acquisition. The company plans to invest up to $600 million throughout the year on office, retail, hotel and multifamily properties located in the West’s major markets. MIG represented itself in this transaction, while HFF’s Steve Golubchik, Michael Leggett, David Karol and Gerry Rohm represented the seller.
AZUSA, CALIF. — Newmark Realty Capital has arranged $8 million for Joe Blum of Rawson, Blum & Leon to purchase the Atrium in Azusa. The Atrium is a 124,228-square-foot office and industrial complex. The 10-year loan was secured prior to the property going under contract. The firm’s Eric Von Berg, Tom Dao and Kana Yujuico received a loan commitment from one of Newmark’s correspondent lenders. The firm will also be servicing this loan.