SUNNYVALE, CALIF. — Colliers has negotiated the sale of 1250 Lakeside, an apartment property located at 1250 Lakeside Drive in Sunnyvale. Completed in 2021, 1250 Lakeside features 250 studio, one- and two-bedroom apartments, averaging 807 square feet, with floor-to-ceiling windows, private terraces and high-end finishes. Community amenities include coworking lounges, a pet spa and more than 100,000 square feet of outdoor common spaces. Peter Nicoletti and Will Matthews of Colliers represented the seller in the transaction.
CHANDLER, ARIZ. — Phoenix Commercial Advisors has arranged the sale of Chandler Sunset Plaza, an entertainment- and fitness-anchored shopping center on 13 acres at the northeast corner of Rural and Ray roads in Chandler. The asset traded for $25.9 million, or $242 per square foot. Totaling 107,320 square feet, the property was 95 percent leased to a mix of national and local tenants, including Pickleball Kingdom, Jack in the Box, First Watch and Own Your Dream Sports Academy. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal.
SEATTLE — Kidder Mathews has arranged the sale of Borealis Apartments, a multifamily property at 109 Dexter Ave. in Seattle’s South Lake Union neighborhood. Dylan Smith, Jerrid Anderson and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the undisclosed buyer and undisclosed seller in the deal. Built in 2008, Borealis offers 53 studio, one- and two-bedroom apartments averaging 622 square feet. Onsite amenities include a community deck, secure parking and onsite retail tenants, Simply Dental and Oculus Eyesore. Borealis’ affordability covenant expires in April 2028, enabling the opportunity for future income growth and repositioning opportunities.
PORTLAND, ORE. — NSW Corp. has acquired Lower Burnside Lofts, a multifamily property at 60 S.E. 10th Ave. in Portland, from Berkshire Residential Investments for $14 million. Situated in Southeast Portland’s Buckman neighborhood, Lower Burnside Lofts offers 63 apartments and a blend of modern amenities and eco-friendly design. Josh McDonald, Joe Nydahl and Matt Dodd of CBRE represented the buyer and seller in the deal.
HENDERSON, NEV. — CBRE has brokered the sale of a two-building office portfolio located at 8925 and 8975 S. Pecos Road in Henderson. A&C Pahrump Capital acquired the properties from Pecos Beltway Holdings LLC for $6.5 million. The portfolio offers 26,840 square feet of office space. Michael Hsu of CBRE represented the seller in the transaction.
AURORA, COLO. — A commingled real estate fund managed by Kennedy Wilson has acquired The Fletcher Southlands, a multifamily property in Aurora, for $94.7 million. Completed in 2021, the three-story community features 320 one-, two-, three- and four-bedroom garden-style apartments with open floor plans. The community offers a low-density living environment, ample parking, a fitness center, pool, dog park and communal game and dining spaces.
WEST SACRAMENTO, CALIF. — Dalfen Industrial has purchased West Sacramento Logistics Portfolio, a multi-building infill industrial portfolio within the West Sacramento industrial corridor. Totaling 1.3 million square feet on 68 acres, the portfolio features 13 buildings that are 97 percent leased to 31 tenants with an average weighted lease term of 3.5 years and an average suite size of approximately 30,000 square feet. Notable tenants include Crown Equipment Corp., Beckman Coulter Inc., MacArthur Co., KP LLC, Cameron Ashley Building Products and the State of California. With this acquisition, Dalfen Industrial now owns and operates 10.2 million square feet of industrial real estate in the Western United States.
DENVER, COLO. — Preleasing has begun at The Parson, a 309-unit high-rise Greystar is developing in Denver’s Golden Triangle neighborhood. The project is slated for completion next year. According to Zillow, monthly asking rents range from $2,055 for a studio to $13,690 for a three-bedroom penthouse. The Parson features 4,100 square feet of retail space. Amenities include a fifth-floor pool with views of the Rocky Mountains, a two-story gym with a sauna and a yoga lawn, concierge services, shared workspaces and an indoor and outdoor dog park. Ziegler Cooper was the architect.
CARLSBAD, CALIF. — Cushman & Wakefield has brokered the sale of a single-story life sciences corporate headquarters facility at 2131 Faraday Ave. in Carlsbad. The Wonderful Co. acquired the asset from RPG for $19.3 million. Boston Scientific (NYSE: BSX) fully occupies the 47,075-square-foot property on a triple-net lease basis. The newly renovated, freestanding Class A building features a state-of-the-art central laboratory, high-end corporate offices, onsite amenities, an extensive glass line and robust mechanical systems suited for biotech, medical devices and corporate users. Aric Starck and Drew Dobbs of Cushman & Wakefield represented the seller in the deal.
FAIRFIELD, CALIF. — Wentworth Storage Co. has purchased STORE on Pittman Self Storage, a Class A self-storage facility in Fairfield, from Denova Northwest for an undisclosed price. Wentworth Storage Co. has engaged STORE Management to operate the asset, marking the first property in the Wentworth portfolio to be managed by STORE. Greg Wells and Kevin Cuff of Cushman & Wakefield represented the seller in the transaction. Located at 555 Pittman Road, the 67,883-square-foot property offers 667 self-storage units. The facility features 34 rentable outdoor parking spaces, 554 climate-controlled units and 79 drive-up units. At the time of sale, the property was 85 percent physically occupied. The asset offers a drive-up ramp design offering tenants 100 percent ground-level access to units. Additionally, the property is approved for a 13,900-square-foot single-storage expansion.
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