AURORA, COLO. — Argus Self Storage Advisors has arranged the sale of Guardian Storage Aurora, a Class A self-storage facility in Aurora. Terms of the deal were not released. Located at 3633 Walden Circle, the 87,438-square-foot property offers 742 climate-controlled units within exterior, drive-up access buildings. Built in 2019, Guardian Storage Aurora was 90 percent occupied at the time of sale. Ben Vestal, Cole Carosella and Matthew Cox of Argus Self Storage Advisors facilitated the transaction.
FREMONT, CALIF. — Realterm has acquired two industrial outdoor storage (IOS) maintenance facilities located at 5120-5170 Brandin Court and 44533 S. Grimmer Blvd. in Fremont. Ryan Sitov and Melinda Marino of JLL facilitated the transaction and represented the undisclosed seller. The acquisition price was not released. Situated on 2.2 acres, the asset at 5120-5170 Brandin features a 11,750-square-foot maintenance shop with 22-foot clearance, four drive-in doors, a 4,061-square-foot office and one ingress/egress point. Herc Rentals, a full-service equipment rental company that offers tools, services and solutions, occupies the property. Located on 3.7 acres with one ingress/egress point, the facility at 44533 S. Grimmer features a 36,600-square-foot maintenance shop with 22-foot clear heights, four drive-in doors and a 3,571-square-foot office. Halcon Corp., a national provider of transportation and operational solutions, occupies the asset.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the acquisition of a 6,313-square-foot office space at 3935 E. Fort Lowell in Tucson. Entities doing business as FTL 3935 LLC and Dalehurst LLC acquired the asset from Harlequin LLC for $2.4 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the buyer in the deal.
SEATTLE — Nordstrom Inc. (NYSE: JWN) has signed a definitive agreement with the Nordstrom family and Mexican omnichannel retailer El Puerto de Liverpool SAB de CV (Liverpool) in a deal that will take the fashion department store giant private. The all-cash transaction is valued at $6.25 billion. Erik, Pete and Jamie Nordstrom, along with other members of the Nordstrom family, and Liverpool plan to acquire all the outstanding common shares of Nordstrom that they do not already beneficially own. The deal would give the Nordstrom family a majority ownership stake (50.1 percent) in the Seattle-based retailer, with Liverpool owning 49.9 percent of the company. “For over a century, Nordstrom has operated with a foundational principle of helping customers feel good and look their best,” said Erik Nordstrom, CEO of Nordstrom, in a prepared statement. “Today marks an exciting new chapter for the business. On behalf of my family, we look forward to working with our teams to ensure Nordstrom thrives long into the future.” Under the terms of the agreement, Nordstrom common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold, which represents a premium of approximately 42 percent to the unaffected closing common …
OREGON CITY, ORE. — Virtu Investments has completed the disposition of Barclay Village, a multifamily property located at 775 Cascade St. in Oregon City, to an undisclosed buyer for $29.2 million. Built in 1987, Barclay Village has been undergoing extensive renovations since 2017. Barclay Village features 146 one- and two-bedroom units with modern amenities and conveniences. Community amenities include a pool, spa, fitness center, basketball court, tennis court, clubhouse and covered parking. Josh McDonald and Joe Nydahl of CBRE represented the seller in the deal.
LAS VEGAS — Marcus & Millichap Capital Corp. (MMCC) has arranged separate refinancing transactions totaling $11.4 million for two multifamily communities in Las Vegas. Michael Derk of MMCC secured the loans for the private clients. MMCC arranged a $6.2 million loan for the refinancing for Maryland Park, a 135-unit apartment property at 1101 Dumont Blvd. The community offers a pool, laundry facilities, a courtyard, grill and picnic area. A local credit union provided the 10-year loan, which includes a 6 percent interest rate with a 30-year amortization and a loan-to-value ratio of 50 percent, to the undisclosed borrower. The firm also arranged $5.2 million for the refinancing of Katie Court Apartments, a 107-unit community at 3890 S. Cambridge St. On-site amenities include a pool and laundry facilities. A local credit union provided the 10-year loan, which includes a 6 percent interest rate with a 30-year amortization and a loan-to-value ratio of 50 percent, to the undisclosed borrower.
FONTANA, CALIF. — Brookfield has sold Slover & Elm Commerce Center, a Class A industrial facility at 15521 Slove Ave. in Fontana, to TA Realty for an undisclosed price. Constructed in 2022, the 192,794-square-foot Slover & Elm Commerce Center offers 23 dock-high doors, a clear height of 32 feet and a secure 182-foot truck court with ample truck and car parking. At the time of sale, the property was fully leased. Joe Cesta, Barbara Perrier, Eric Cox, Josh Hayes and Eloy Covarrubias of CBRE represented the seller in the deal.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a flex building located at 1455 W. River Road in Tucson. Escalante Concrete Construction Inc. acquired the asset from 1455 River Rd LLC for $3.8 million. The 20,000-square-foot building was originally built for ITT Technical Institute. Greg Furrier and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller, while Max Fisher of BRD Realty represented the buyer in the deal.
DOVE CREEK, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a retail property located at 468 US-491 in Dove Creek. The asset traded for $1.4 million. Family Dollar and Dollar Tree currently occupy the 10,500-square-foot asset. Peter Sengelmann of Pinnacle Real Estate Advisors represented the buyer in the transaction.
SAN JOSE, CAMPBELL, RANCHO CORDOVA AND CAMARILLO, CALIF. — Gantry has secured a $70 million structured permanent loan to retire existing construction/bridge debt and recapitalize four recently completed developments/value-add self-storage facilities in Southern and Northern California. The four properties, which are currently undergoing initial lease-ups, include Trojan Storage San Jose, Trojan Storage Campbell, Trojan Storage Rancho Cordova and Trojan Storage Camarillo. Andy Bratt, Amit Tyagi and Sean Kuang of Gantry represented the borrower, Trojan Storage. The loan, which was secured through one of Gantry’s life company relationships, features a fixed rate with a lengthy interest-only period during the term.