SAN ANTONIO — The 176-unit Las Brisas, located at 12549 Vista View St., and the 72-unit Lexington, located at 12635 Scardale Rd., both in San Antonio, have been purchased. The buyers, based in Chicago, are partners of Omaha, Neb.-based Seldin Co., which assumed management and leasing responsibilities upon closing. Jon Pesce of Omaha-based World Group advised the buyers in the transactions.
SAN ANTONIO — The 170,000-square-foot KCI Tower, an office tower located at 8023 Vantage Dr. in San Antonio, has been sold. Todd Gold of NAI REOC San Antonio represented the buyer, Callaghan Tower Ltd., in the transaction. The seller was Greenville, S.C.-based TIC Properties.
ONTARIO, CALIF. – A 102,878-square-foot, Class A distribution facility in Ontario has sold to Industrial Income Trust for $8,333,000. The facility is located at 5505 Concours Street and includes 65,572 square feet of cooler space. Clyde Stauff and Ian DeVries of Colliers International represented both the buyer and the seller, the Caldwell Company, in this transaction.
SANTA ANA, CALIF. — Edinger Business Park, a 61,923-square-foot multi-tenant industrial and office park in Santa Ana, has sold to Frome Developments Omega, LLC for $4.7 million. The three-building property was 91 percent occupied at the time of sale. The park is located at 1560, 1570 and 1580 E. Edinger Ave. Frome was represented by Dan Vittone and Alan Pekarcik of Voit’s Irvine office in this transaction.
SAN DIEGO – The 40-unit Juniper Gardens apartments in San Diego has sold to Wakeland Housing and Development Corporation for $6,193,600. The affordable housing apartment complex is located at 4251-4259 E. Juniper Street. The buyer was represented by the CBRE Multi-Housing team of Eric Comer, Jim Neil and Merrick Matricardi. The seller was Juniper Garden Apartments LTD.
CITY OF INDUSTRY, CALIF. — ACME Furniture has signed a five-year lease for a 500,000-square-foot industrial facility at 20002 Business Parkway in the City of Industry. The national furniture company also houses its headquarters in a 320,000-square-foot space within the city. ACME was represented by Adam Dzierzynski of Lee & Associates’ City of Industry office. The landlord, Majestic Realty, represented itself.
MIAMI — Sunflower Hospitality has broken ground on a $16 million, 122-room Cambria Suites, located on NW 7th St. in Miami. Sunflower Hospitality is developing the property and Delant Construction Co. is serving as the general contractor. Financing for the property was provided by Ocean Bank. Amenities will include 1,800 square feet of meeting room space, an outdoor pool and terrace, as well as a casual dining and gathering area, a state-of-the-art fitness center and a convenience store. Completion is slated for summer 2013.
BIRMINGHAM, ALA. — A 36,000-square-foot former RoomStore, located at 1686 Montgomery Hwy. in Birmingham, has sold for $1.8 million. Bill McDavid of Birmingham-based Southpace Properties represented the seller, Marks Properties, in the transaction. Bill Clements of Retail Specialists' Birmingham office represented Schaeffer Properties, the buyer.
COLUMBIA, S.C. — Walker & Dunlop has arranged $12.56 million in multifamily financing for the acquisition of the 260-unit Paces Brook, located at 113 Paces Brook Ave. in Columbia. Stephen Farnsworth of Walker & Dunlop's New Orleans office arranged the 10-year loan with 2-year interest only and a 30-year amortization schedule through Freddie Mac's CME program on behalf of the borrower, a joint venture between LMS Real Estate Investment Management and Avison Young.
LOCUST, N.C. — Boston Capital Finance has secured $3.75 million in construction financing for the 35-unit Ardsley Commons, a seniors housing community located 25 miles east of Charlotte in Locust. The loan has a term of 24 months, interest only. Amenities will indlucde a 4,800-square-foot community room with a computer center, a fitness area and outdoor sitting areas including a picnic area with tables and grills.