HARTFORD AND NEW BRITAIN, CONN. — Up Realty, a New York-based investment group, has purchased three multifamily properties located in Connecticut in three separate transactions totaling $6.7 million. In the first deal, the buyer acquired Mark Twain Apartments, located at 367-381 Farmington Ave. in Hartford, for $2.6 million, or $40,000 per unit. The property features 65 apartments in a mix of studio, one-, two- and three-bedroom layouts. In the second transaction, Up Realty purchased..
COPLEY TOWNSHIP, OHIO — Anchor Cleveland has arranged the sale of 16,000-square-foot property formerly occupied by Gordon Food Service in Copley Township, 10 miles west of Akron. The sales price was not disclosed. The property is situated on two acres at 120 Rothrock Road. Christopher McFarland of Anchor Cleveland represented the seller, Gordon Food Service. Stephen Taylor of CBRE procured the buyer, Marathon Fitness Ohio Properties LLC.
NASHUA, N.H. — Cushman & Wakefield has arranged the sale of a flex building located at 472 Amherst St. in Nashua. BSP Cotton Road LLC, an entity related to Brady Sullivan Properties, sold the property to Pinnacle Properties for $6.6 million. Situated on 7.7 acres, the two-building property totals 98,595 square feet and is leased to multiple tenants. Tom Farrelly, Sue Ann Johnson and Denis Dances of Cushman & Wakefield, in collaboration with Charles Panasis, Ben Kelley and James Tobin of Brady..
COSTA MESA, CALIF. — A joint venture that includes SteelWave has acquired a 24-acre site that previously served as a Los Angeles Times printing plant in Costa Mesa for $65 million. The site is located at 1350 South Coast Drive. The 50-foot-tall steel frame building on the property was used by the Los Angeles Times and three of its community newspapers as a printing plant, distribution facility and office until it closed in 2010. The facility is known as The Press. Redevelopment plans..
SAN JACINTO, CALIF. — Coldwell Banker Commercial Advisors has arranged the $6.9 million sale of a 17,272-square-foot building leased to Rite Aid in San Jacinto. John Archibald and Guillermo Olaiz of CBC Advisors arranged the transaction on behalf of the seller, and Ernie Farhat of Sanjo Investments represented the buyer. Other terms of the transaction were not disclosed. The single-tenant, net-leased pad anchors Mountain View Plaza, which is home to 7-Eleven, Denny’s and Panda Express.
LATHAM, N.Y. — RD Management has completed the disposition of a retail center, situated on 12 acres in Latham. The Lia family acquired the 118,863-square-foot property for an undisclosed price. Formerly anchored by Kmart, the property consists of an unoccupied 96,805-square-foot big-box space, more than 800 parking spaces, an available out lot and a 22,058-square-foot Vent Fitness. RD Management owns 26 properties in New York and more than 150 properties in its national portfolio.
HOUSTON — NAI Partners has secured a 91,200-square-foot industrial lease at 9010 W. Little York Road in northwest Houston on behalf of Favorite Brands, a distributor of alcoholic beverages. John Ferruzzo and Nick Peterson of NAI Partners represented Favorite Brands in the lease negotiations. Matteson Hamilton of Stream Realty Partners represented the landlord, KTR Hou IV LP.
NEW ALBANY, IND. — Everhealth Properties LP, a subsidiary of Everest Healthcare Properties LLC, has acquired New Albany Medical Center, a 60,000-square-foot medical office building in New Albany, roughly six miles west of Louisville. The Scottsdale, Ariz.-based company acquired the asset through its tax-deferred IRS Section 721 program. Other terms of the transaction were not disclosed. At the time of sale, New Albany Medical Center was 95 percent occupied, with a weighted average lease term..
MOUNT PROSPECT, ILL. — Marcus & Millichap has negotiated the sale of a 38,793-square-foot flex office building in Mount Prospect, 22 miles northwest of Chicago, for $4.2 million. The property is located at 585 Slawin Court and is fully leased to Siemens Real Estate, a division of Siemens Corp. The building was constructed in 1987. John Abuja and Michael Lawrence of Marcus & Millichap represented the undisclosed seller. The buyer was also not disclosed.
SEATTLE — Kennedy Wilson (KW) has purchased four multifamily properties in the Pacific Northwest. The portfolio contains a total of 996 units. Prices were not disclosed. The transaction includes the 210-unit Latitude in Happy Valley, Ore., and the 264-unit Heatherwood in Gresham, Ore. It also includes two multifamily assets in the greater Seattle and Portland areas containing a total of 522 units. KW purchased the assets through a 1031 exchange. The firm recently sold the 615-unit..