WINTER PARK, FLA. — ARA Newmark has brokered the $28.7 million sale of Cranes Landing, a 252-unit, garden-style apartment community located in Winter Park, a suburb of Orlando. New York-based White Eagle Property Group purchased the asset from the undisclosed seller for $113,690 per unit. Cranes Landing features one-, two- and three-bedroom layouts and amenities such as an indoor racquetball court, fitness center, tennis court, sand volleyball court and two swimming pools. Scott Ramey, Kevin Judd, Patrick Dufour, Marc deBaptiste and Dick Donnellan of ARA Newmark represented the seller in the transaction.
RICHMOND, VA. — CBRE | Richmond has arranged the $24.1 million sale of a five-building, 228,879-square-foot office portfolio within Forest Office Park in Richmond’s West End submarket. The portfolio includes the Almond, Culpepper, Lee, Ratcliffe and Wythe buildings, which have an average 95 percent occupancy rate. The Commonwealth of Virginia’s Department of General Services recently renovated its 127,694 square feet of office space within the portfolio and extended its lease. CBRE | Richmond managed the renovation and negotiated the lease extension. David Wilkons and Matt Anderson of CBRE | Richmond, along with Scott Adams of CBRE | Hampton Roads and Justin Parsonnett of CBRE’s Atlanta office, represented the seller, NNN Forest Office Park LLC, in the transaction. The buyer, Equitable Real Estate Partners LLC, has retained Wilkins and Anderson to lease the office portfolio.
ORANGE, N.J. — Marcus & Millichap has arranged the sale of a mixed-use property located at 256 Reock St. in Orange. A private investor sold the 13,500-square-foot property to an out-of-state buyer for $1.6 million. The property features seven residential units and two commercial spaces. Michael Lombardi of Marcus & Millichap represented the seller, while Chip Collins, also of Marcus & Millichap, represented the buyer in the deal.
IRVING, TEXAS — Rubicon Representation has arranged the acquisition of an office building located at 1125 Executive Circle in Irving’s Las Colinas district. The Patel Law Group acquired the property from 1125 Executive LLC for an undisclosed price. The buyer plans to relocate its law firm to the new office building from Colonial Plaza in Irving. Kyle Jacobs and Daniel Miller of Rubicon represented the buyer, while Bruce Hecht and Ben Goldthorpe of Swearingen Realty Group represented the seller, American College of Emergency Physicians, in the deal.
HOUSTON — Colliers International has arranged the sale of a two-story office building located at 8901 Gaylord Drive in Houston. DNA Interest sold the 25,000-square-foot property, which was developed in 2008, to 8901 Gaylord LLC for an undisclosed price. David Carter and John Parsley of Colliers International represented the seller, while Guy Brown of Poynter Commercial Properties represented the buyer in the deal.
THE WOODLANDS, TEXAS — The Vitorino Group has brokered the sale of Little Sunshine’s Playhouse and Preschool in The Woodlands. The newly developed property was marketed with a 15-year absolute net-lease that includes rent escalations every five years and a corporate guarantee. A local Texas investor acquired the 8,795-square-foot property for undisclosed price. The name of the seller was not released.
HOUSTON — Boyd Commercial/CORFAC International has arranged the sale of an industrial property located at 3604 B. Fairmont Parkway in Houston. Alvaro R. Elizondo acquired the 5,000-square-foot property from First Citizens Bank & Trust for an undisclosed price. Andrew Sowell of Boyd Commercial represented the seller in the deal.
ARLINGTON, TEXAS — Greysteel has brokered the sale of Treehouse Apartments, a multifamily property located in Arlington. RMC Consultants sold the property to a private investor for an undisclosed price. Built in 1972, the property comprises five buildings totaling 16 units. Boyan Radic, Doug Banerjee, Andrew Mueller, Ryan Hill and Andrew Hanson of Greysteel represented the buyer and seller in the deal.
FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of two neighboring multifamily properties in Fort Worth. A Dallas-based limited liability company acquired the 104-unit Villas Del Sol and the 118-unit Wedgewood Apartments from a private investment group for an undisclosed price. Al Silva, Mark McCoy and Ford Braly of Marcus & Millichap represented the seller and procured the buyer in the transaction.
DALLAS AND PLANO, TEXAS — DuWest Realty has arranged two retail leases totaling 27,716 square feet in Dallas and Plano. In the first lease, The Knead Medmassage leased 11,141 square feet at Broadstone Galleria at 13465 Inwood Road in Dallas. Scott Rodgers and Taylor Cluff of DuWest represented the landlord, CH Realty, in the deal. In the second deal, Kawaii America Piano Co. leased 16,302 square feet at Village at Collin Creek Shopping Center in Plano. Rodgers and Joe Radice of DuWest represented the landlord, Madison Partners, in the transaction.