COLORADO SPRINGS, COLO. – The 156-unit Bonterra Lakesideapartments in Colorado Springs has sold to Griffis/Blessing for $16.5 million. The community was built in 1973 and renovated in 2007. It was 94 percent occupied at the time of closing. The seller, Hamilton Zanze and Company, was represented by ARA’s Kevin McKenna, Ken Greene, Doug Andrews and Jeff Hawks.
Western
ARVADA, COLO. — NorthMarq Capital has provided $13.6 million to Aukum Management LLC for the purchase of Ridge at Mountain View Apartments in Arvada. The 168-unit community is located at 7865 Allison Way. Financing was arranged by John M. Stewart and Ilan Reissner of the firm’s Denver office.
AURORA, COLO. — Southlands Town Center, a 900,000-square-foot, mixed-use development in Aurora, has sold to Northwood Investors for an undisclosed sum. The outdoor lifestyle center contains 730,000 square feet of retail space and 170,000 square feet of office space. Notable retail tenants include AMC Theaters, Bed Bath & Beyond, Sports Authority, Ross, Barnes & Noble, Ulta, Victoria’s Secret, White House Black Market, American Eagle Outfitters ad Gymboree. This is Northwood’s first Colorado-based investment. Northwood Retail, a Northwood Investors subsidiary, will lease and manage the center.
SAN DIEGO — Park Crest, a 71-unit senior housing community in San Diego, has sold to the San Diego Housing Commission for $6.3 million. It is located at 5330 Orange Ave. The Housing Commission was represented by Victor Krebs and Rob Morgan of Colliers International. The seller, Walz Family Trust, was represented by Peter Scepanovic and Corey McHenry, also from Colliers.
LOS ANGELES — A nine-unit apartment building located at 11907 Texas Ave. in Los Angeles has sold to a private investor for $2.3 million. The community was built in 1975. The buyer was represented by Robert Narchi of Marcus & Millichap’s West Los Angeles office. The seller, also a private investor, was represented by Tony Azzi from the same office.
AURORA, COLO. — Southlands Town Center, a 900,000-square-foot, mixed-use development in Aurora, has sold to Northwood Investors for an undisclosed sum. The outdoor lifestyle center contains 730,000 square feet of retail space and 170,000 square feet of office space. Notable retail tenants include AMC Theaters, Bed Bath & Beyond, Sports Authority, Ross, Barnes & Noble, Ulta, Victoria’s Secret, White House Black Market, American Eagle Outfitters ad Gymboree. This is Northwood’s first Colorado-based investment. Northwood Retail, a Northwood Investors subsidiary, will lease and manage the center.
SAN DIEGO — Park Crest, a 71-unit senior housing community in San Diego, has sold to the San Diego Housing Commission for $6.3 million. It is located at 5330 Orange Ave. The Housing Commission was represented by Victor Krebs and Rob Morgan of Colliers International. The seller, Walz Family Trust, was represented by Peter Scepanovic and Corey McHenry, also from Colliers.
LOS ANGELES — A nine-unit apartment building located at 11907 Texas Ave. in Los Angeles has sold to a private investor for $2.3 million. The community was built in 1975. The buyer was represented by Robert Narchi of Marcus & Millichap’s West Los Angeles office. The seller, also a private investor, was represented by Tony Azzi from the same office.
ONTARIO, CALIF. – The 469-unit Landmark at Ontario Towne Center has sold to a subsidiary of Camden Property Trust for an undisclosed sum. It is located within the master-planned Piemonte at Ontario Center development. The community was 95 percent occupied at the time of sale. The seller, a fund advised by Prudential Real Estate Investors, was represented by CBRE’s Paul Runkle, Tyler Anderson and Laurie Lustig-Bower.
CHANDLER, ARIZ. – An 83,183-square-foot office building in Chandler that is fully leased to Orbital Sciences has sold to Paramount International LLC for $19.5 million. The building is located at 3377 S. Price Road within the Price Corridor. Paramount was represented by Tivon Moffitt of Colliers International. The seller, Gilbane Development Company, was represented by Barry Gabel and Mindy Korth of CBRE’s Phoenix office.