LYNNWOOD, WASH. — Alderbrooke Associates LLC has completed the $9.4 million sale of the 115-unit Alderbrooke Apartments, a garden-style multifamily complex located at 18505 36th Ave. West in Lynnwood, to Alderbrooke Investments LLC, a Seattle-area investor. GVA Kidder Mathews’ Jim Nichols represented both the buyer and the seller in the transaction.
NORWALK, CALIF. — Marcus & Millichap has closed the $5.075 million sale of Plantation Apartments, a 46-unit multifamily property located at 12809 Kalnor Ave. in Norwalk. The real estate investment services firm’s John Susank represented the private-investor seller and also secured the buyer, a partnership.
LAWRENCE, KAN. — New York City-based Vesper Holdings has acquired Hawks Pointe Apartments in Lawrence for an undisclosed price. Located near the University of Kansas' main campus, the 248-unit multifamily property features 20 two- and three-story buildings offering a mix of studio, garden-style, loft and townhouse apartments. Community amenities include a swimming pool, picnic and grilling areas, and a two-story clubhouse featuring a 24-hour fitness center, a 24-hour business center, a game room and a tanning bed. Philadelphia-based Campus Apartments will manage the property. Terms of the transaction were not released.
NEW BEDFORD, MASS. — The Simon Companies has sold an affordable housing community in New Bedford to Omni America LLC. Harborview Towers is a 144-unit property located just off of Route 18 near downtown New Bedford. Constructed in 1972 by Simon, the property contains two six-story buildings. The unit mix includes studios to three bedrooms, and the unit size averages 751 square feet. The Cushman & Wakefield team of Simon Butler and Biria St. John represented the seller and procured the buyer.
DALLAS — Behringer Harvard has acquired Allegro, a 272-unit luxury multifamily community in Addison Circle, a 70-acre mixed-use development in Dallas. Behringer Harvard also acquired a 1.2-acre parcel of land adjacent to Allegro. The luxury multifamily community was completed in 2008 on a 4.6-acre site at 15750 Spectrum Dr. This acquisition brings the portfolio of Behringer Harvard Multifamily REIT I to 32 multifamily communities in 12 states, totaling 9,004 apartment homes.
BEAUMONT — The Houston office of Holliday Fenoglio Fowler (HFF) has arranged acquisition financing for West End Lodge, a 360-unit Class A multifamily community in Beaumont. Cortney Cole of HFF worked on behalf of Venterra Realty to secure a 10-year fixed-rate loan with Freddie Mac. West End Lodge is located at 4215 N. Major Dr. and was completed in 2007. It is 93 percent occupied and has an average unit size of 805 square feet.
FORT MYERS, FLA. — Hope Hospice & Community Services has acquired a 46.3-acre land parcel, located at the northwest corner of Six Mile Cypress Parkway and Metro Parkway in Fort Myers. The buyer plans to development a high-quality care facility on the site, which was acquired for $7.56 million. Michael Doyle of LandQwest Commercial represented Hope Hospice in the transaction. The seller was not released.
FORT LAUDERDALE AND HOLLYWOOD, FLA. — Judy Dolan and Steve Hyatt of Berger Commercial Realty Corp. represented the sellers in three separate multifamily transactions in south Florida. In the first transaction, Doran Florida sold three apartment buildings to Glenshee Omega Carleton for $1.6 million. The properties, totaling 32 units, are located at 75 S.W. 10th St., 100 S.W. 10th St. and 100 S.W. 9th St. in Fort Lauderdale. In the second transaction, ECP Properties sold an 18-unit apartment building to DIV USA for $965,000. The 13,202-square-foot property is located at 1607 Arthur St. in Hollywood. Finally, SBC 2010-1 sold a 13-unit apartment building, which is located at 6031 Polk St. in Hollywood, to 6031 Polk Street LLC for $352,000.
CHICAGO — Essex Realty Group has completed the sale of 1953 West Dickens, multifamily property located in Chicago. The property consists of a one-bedroom duplex unit, a two-bedroom duplex unit, one four-bedroom duplex units, a three-bedroom/two-bath unit and a two-bedroom/two-and-a-half-bath coach house. The sales price was approximately $1.27 million. The buyer and seller were not disclosed.
MADISON, WIS. — NorthMarq Capital has arranged $21.1 million in first mortgage financing for Greenbriar Village Apartments in Madison. Located at 238 Randolph St., the property offers 537 apartment units. Financing was based on a 10-year term with a 30-year amortization schedule. David Woida of NorthMarq's Milwaukee office arranged the loan through NorthMarq's seller-service relationship with Freddie Mac. The borrower was not disclosed.