Tuesday, September 9, 2025
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more_sales_and_leases

inwood-forest-shopping-center-houston-texas
RetailTexas

M&M Negotiates Sale of 77,553 SF Retail Property in Houston

by Haisten Willis

HOUSTON — Marcus & Millichap has negotiated the sale of Inwood Forest Shopping Center, a 77,553-square-foot, Foodarama-anchored retail property at the northeast corner of Antoine and Victory drives in Houston. Jerry Goldstein of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, Brixmor Property Group. Goldstein also represented the buyer, a limited liability company. The grocery-anchored shopping center was built in 1985 and is 96 percent leased to tenants including UT Physicians Clinic, City Gear and Wingstop. Inwood Forest Shopping Center is located at 7320-7372 Antoine Drive.

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christian-brothers-automotive-carrollton-texas
RetailTexas

Vitorino Group Arranges Sale of Christian Brothers Automotive in Carrollton

by Haisten Willis

CARROLLTON, TEXAS — The Vitorino Group has arranged the sale of Christian Brothers Automotive, a 4,790-square-foot auto mechanic located in Carrollton. James Mangum of The Vitorino Group marketed the property on behalf of the seller, a private investor from Colorado. The buyer, a Texas-based investor, was represented by an outside broker and bought the asset to fulfill a 1031 tax-deferred exchange.

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FloridaSeniors HousingSoutheast

Greystone Arranges $21.5M Sale of Seniors Housing Community in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Greystone’s Real Estate Advisors group has arranged the $21.5 million sale of Wyndham Lakes, a 245-unit independent living, assisted living and memory care community in Jacksonville. A private equity group purchased the property from a publicly traded REIT. Formerly operated by Brookdale Senior Living, Wyndham Lakes is situated on 14 acres of land. The community consists of 12 residential buildings and one common area structure. Mike Garbers and Cody Tremper of Greystone represented the seller in the transaction. Tremper also arranged non-recourse acquisition financing through a regional bank.

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HealthcareMidwestOhio

Marcus & Millichap Arranges $3.3M Sale of Health Center in Aurora, Ohio

by Kristin Harlow

AURORA, OHIO — Marcus & Millichap has arranged the sale of the UH Walden Health Center, an 11,000-square-foot property located in Aurora, about 28 miles northeast of Akron. The one-story medical center, built in 2003, sold for $3.3 million. The building is leased on a triple-net basis to Robinson Memorial Hospital with just over seven years of base term remaining. Community Healthcare Trust, headquartered in Franklin, Tenn., purchased the asset. Christopher Mitchel, Gino Lollio, Scott Niedergang and Ryan E. Moore, investment specialists in Marcus & Millichap’s Cleveland and downtown Chicago offices, had the exclusive listing to market the property on behalf of the seller, a local developer.

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MultifamilyNew JerseyNortheast

Gebroe-Hammer Associates Arranges $18.5M Sale of Multifamily Property in East Newark, New Jersey

by Amy Works

EAST NEWARK, N.J. — Gebroe-Hammer Associates has brokered the sale of St. George Harrison Apartments, a multifamily property located at 400 Passaic Ave. in East Newark. An undisclosed buyer acquired the 60-unit property for $18.5 million. Built in 2013, the four-story property features 24 one-bedroom units and 36 two-bedroom units. The units feature modern open kitchens with stainless steel appliances, hardwood floors, in-unit washer/dryers, central heat/air conditioning and private terraces. Community amenities include controlled access, a resident lounge, private fitness center, landscaped terrace and a heated on-site parking garage. Nicholas Nicolau of Gebroe-Hammer Associates arranged the transaction. The name of the seller was not released.

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New YorkNortheastOffice

Cushman & Wakefield Negotiates $17M Sale of Medical Office Building in Manhattan

by Amy Works

NEW YORK CITY — Cushman & Wakefield has facilitated the sale of a medical office building located at 407-409 E. 70th St. in Manhattan’s Upper East Side. An undisclosed buyer acquired the five-story building for $17 million, or $1,133 per square foot. The 15,000-square-foot property was sold by a group of doctors who practice in the building. Upon sale, the former owners inked a long-term leaseback for the space. Mitchell Levine, Guthrie Garvin and James Nelson of Cushman & Wakefield brokered the transaction.

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somerset-square-glastonbury-ct
ConnecticutNortheastRetail

Katz Properties Acquires Somerset Square in Glastonbury, Connecticut, for $26.6M

by Amy Works

GLASTONBURY, CONN. — Katz Properties has purchased Somerset Square, a retail center in Glastonbury, for $26.6 million. Situated on 15.3 acres, the 112,414-square-foot property is fully leased to a variety of tenants, including Stop & Shop, Barnes & Noble Bookstore, FedEx and the Paper Store. Tim Breda of Goedecke & Co. arranged mortgage financing for the acquisition. Winslow Property Management will provide leasing and property management services for the retail center. The name of the seller was not released.

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249-259-bull-hill-lane-orange-ct
ConnecticutNortheastRetail

SH Corp. Completes $10.8M Sale of 65,303 SF Retail Property in Orange, Connecticut

by Amy Works

ORANGE, CONN. — SH Corp. has completed the disposition of a retail property located at 249/259 Bull Hill Lane in Orange. AS Realty LLC acquired the 65,303-square-foot property for $10.8 million. Situated on seven acres, the property is fully leased to ShopRite through a 20-year net lease and an auto repair shop. Jim Koury of HFF represented the seller and procured the buyer in the deal.

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New YorkNortheastOffice

Oxford Properties, Crown Acquisitions Completes 175,000 SF Lease with NBA in Midtown Manhattan

by Amy Works

NEW YORK CITY — Oxford Properties Group and Crown Acquisitions has completed a 175,000-square-foot lease extension through 2035 with the National Basketball Association (NBA) at Olympic Tower, located at 646 Fifth Ave. in Midtown Manhattan. The property owners plan to significantly modernize the office property’s lobby and public space to deliver a more engaging, customer-focused experience. Adam Frazier of Oxford, along with Paul Amrich, Howard Fiddle, Neil King and Patrice Meagher of CBRE, represented the owners, while Mary Ann Tighe, Gregory Tosko, Andrew Sussman and Munish Viralam of CBRE represented the tenant in the transaction.

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IndustrialNortheastPennsylvania

J.G. Petrucci Co. Acquires 49,000 SF Industrial Building in Bethlehem, Pennsylvania

by Amy Works

BETHLEHEM, PA. — J.G. Petrucci Co. has acquired a fully-occupied industrial building located at 1990 Highland Ave. within Lehigh Valley Industrial Park IV in Bethlehem, for an undisclosed price. Hygrade Components sold the property for $2.7 million in a sale-leaseback transaction. In 1996, J.G. Petrucci Co. completed the design/build of the property for Hygrade Components, which has signed a long-term lease for the property.

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