LOVELAND, COLO. — Cushman & Wakefield and Berkshire Hathaway have arranged the sale of 1500 Monroe Avenue, a former public school property in Loveland. Thompson School District sold the asset to St. John Paul II High School for $5 million. Built in 1963 on 6.6 acres, the 53,000-square-foot property was formerly utilized by Thompson School District. Travis Ackerman of Cushman & Wakefield and Jack Tretheway of Berkshire Hathaway represented the seller in the deal.
ROCKLIN, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $3.8 million sale of a two-tenant retail pad site in Rocklin, approximately 25 miles northeast of downtown Sacramento, for $3.8 million. Situated at 2303 Sunset Blvd., the 6,122-square-foot building is occupied by U.S. Bank and a drive-thru Animal Urgent Care, each on a triple-net-lease. Built in 2022, the property sits on roughly 1 acre. Nearby tenants include Taco Bell, Safeway, Costco, Target, The Home Depot, WinCo Foods and Chipotle Mexican Grill. Eric Wohl and CJ Kiehler of Hanley represented the seller, a locally based private developer, in the transaction. Avi Narang of BRC Advisors Real Estate Investment Services represented the buyer, a private investor.
FONTANA, CALIF. — Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has purchased a portfolio of three industrial buildings in Fontana for $83.5 million. The name of the seller was not released. Totaling 332,793 square feet, the portfolio includes a 100,039-square-foot asset at 14074 Rancho Court, a 57,654-square-foot property at 14019 Rose Ave. and a 175,100-square-foot building at 14928 Washington Drive. Each building features Class A specifications including 32-foot clear heights, secured all-concrete truck courts, dock-high and grade-level loading, ESFR sprinkler systems and LED lighting. The properties are fully leased and offer a weighted average lease term of more than two years.
DENVER — JLL Capital Markets has arranged $27.2 million in refinancing for The Kenyon, a multifamily property at 777 E. 17th Ave. in Denver’s Uptown neighborhood. Kristian Lichtenfels and Mark Erland of JLL secured the financing for the borrower, the single-purpose joint venture entity of Corum Real Estate Group, ProspectHill Group and Geolo Capital. Delivered in May 2024, The Kenyon offers 124 studio, one- and two-bedroom apartments with 40 unique floor plans, including 27 balcony units and 17 split-level mezzanine units. Community amenities include a two-story fitness center, private work pods and a rooftop deck with grills.
OLYMPIA, WASH. — Nearon Enterprises has acquired Briggs Village, an apartment community in Olympia, from Glencrest Group for an undisclosed price. Situated in the 137-acre Briggs Village master-planned community, the asset features 72 apartments. The community was built in 2019. Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the buyer and facilitated the transaction.
FRESNO, CALIF. — Progressive Real Estate Partners has brokered the sale of Peppertree Plaza, a shopping center in Fresno. A Bay Area private investor sold the asset to a Los Angeles-based private investor for $6.7 million. Greg Bedell of Progressive Real Estate Partners represented the seller in the all-cash transaction. Located at 2745-2787 W. Shaw Ave., Peppertree Plaza features 51,000 square feet of retail space spread across five shop and pad buildings. At the time of sale, the property was 87 percent leased. Current tenants include Outback Steakhouse, Deli Delicious, Marion’s Mexican Restaurant, Pijja Paradise Pizza & Arcade, Ocean Dental Group, FastSigns and State Bank of India.
VAIL VALLEY, COLO. — Gart Properties has purchased Edwards Corner, a neighborhood center at 56 Edwards Village Blvd. in Vail Valley, from Edwards Corner LLC for an undisclosed price. Built in 2004, Edwards Corner features 48,351 square feet of retail space and is currently leased to nearly 50 local businesses, including Hovey & Harrison, Drunken Goat, Cut Meat & Seafood and Il Mago. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the deal.
COLORADO SPRINGS, COLO. — Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $43 million bridge loan to refinance Avian, a multifamily community in downtown Colorado Springs. Avian features 148 apartments, a parking garage, resort-style pool, gym and work-from-home lounges. Brandon Baksh and Talisse Thompson of Dwight Capital originated the loan for the sponsor, Jackson Dearborn Partners. Dwight closed the loan upon issuance of the initial Temporary Certificate of Occupancy. Proceeds were used to repay the project’s construction loan and fund transaction-related costs.
SPOKANE VALLEY, WASH. — CBRE has negotiated the $25.5 million sale of Village on Broadway, an apartment property in Spokane Valley. Josh McDonald, Joe Nydahl and Jordan Louie of CBRE represented the undisclosed seller in the transaction. The name of the buyer was also not released. Located at 12623 E. Broadway Ave., Village on Broadway offers 148 one-, two- and three-bedroom units with in-unit washers/dryers. Community amenities include covered parking, a community garden, dog park, playground and a community barbecue area. The property was built in 1996.
MARANA, ARIZ. — Stellar Senior Living has acquired La Sonora at Dove Mountain, a seniors housing community located in Marana, roughly 20 miles northwest of Tucson. Totaling 152 units, the property features independent living, assisted living and memory care residences. The seller and sales price were not disclosed. Stellar Senior Living, which was founded in 2011, is headquartered in Salt Lake City.
