CHICAGO — Marcus & Millichap has brokered the sale of a 6,100-square-foot mixed-use building in Chicago’s Lakeview neighborhood for $3.4 million. The property, located at 3452 N. Southport Ave., features three apartment units and one retail tenant on the ground floor. Hanna Andersson, a children’s retailer, occupies the ground-floor space. Kyle Stengle of Marcus & Millichap represented the seller, a local developer. An international private investor purchased the asset.
CHANDLER, ARIZ. — GrubHub has leased a 29,526- square-foot spec suite at the San Tan Tech Center in Chandler. The center is located at 145 S. 79th St. The asset will be 93 percent leased once the mobile food ordering company moves in later this month. ViaWest Group acquired the 129,187-square-foot property in 2013. Other notable tenants include Arvato Digital Services, HealthTell and Amkor. JLL’s Mark Gustin, Dave Seeger and Karsten Peterson represented the landlord in this transaction.
HARWICH, MASS. — EXP Realty Advisors has arranged the acquisition of a retail property located at 18 Sisson Road in Harwich. A New York City-based real estate investor purchased the property from an undisclosed seller for $17 million in a 1031 exchange transaction. Star Market, a grocery store chain, occupies the 59,054-square-foot property on a net-lease basis. Andrew Greenberg of EXP Realty Advisors represented the buyer in the deal.
NEW YORK CITY — Ariel Property Advisors has negotiated the sale of a two-building multifamily portfolio located at 291 and 292 Lincoln Place in the Prospect Heights neighborhood in Brooklyn. An undisclosed buyer acquired the 49-unit package for $17.9 million, or $365,000 per unit. Totaling 41,000 square feet, the two four-story walk-up buildings offer a mix of 36 one-bedroom, 11 two-bedroom and two three-bedroom apartments. Additionally, between both properties there are 12,400 square feet of additional air rights. Jonathan Berman, Michael Tortorici, Shimon Shkury, Victor Sozio and Orry Michael of Ariel Property Advisors represented the undisclosed seller and secured the buyer in the transaction.
NEW YORK CITY — Cushman & Wakefield has brokered the sale of a retail property located at 42-31 Bell Blvd. in the Bayside neighborhood of Queens. Midwood Investment & Development sold the property to Hersel Solutions for $13.5 million. At the time of sale, the 10,092-square-foot property was fully occupied by three tenants. Bank of America anchors the property and occupies 5,376 square feet with a lease through March 2024. The remaining units are occupied by a dog daycare and a restaurant with lease through October 2019 and April 2024, respectively. Additionally, the building features a 20-space parking lot and approximately 22,814 square feet of air rights. James Nelson, Stephen Preuss and Carly Weinreb of Cushman & Wakefield represented the seller in the deal.
CROWLEY, TEXAS — Marcus & Millichap has brokered the sale of Deer Creek Plaza, a 26,500-square-foot retail center located at 740 S. Crowley Road in Crowley, about 15 miles south of Fort Worth. Built in 2007, the shopping center was fully leased at the time of sale to tenants such as iFit Elite, Nails Plus, Diet Solutions, Bethel Management, iFit Elite Tanning, eRepair and Inspire Salon. Philip Levy and Matthew Bean of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Douglas Cole of Marcus & Millichap’s West Los Angeles office secured the buyer, also a limited liability company.
LOS ANGELES — Rexford Industrial Realty has acquired a four-property industrial portfolio in Southern California for $62.7 million. The portfolio contains a total of 416,843 square feet. The assets are fully leased with below-market, in-place leases rolling over in the next 20 months. The transaction includes 302 S. Rockefeller Ave. and 4355 E. Brickell St. in Ontario, along with 12622-32 Monarch St. in Garden Grove and Hanan Way in the Pico Rivera submarket of Central Los Angeles. Rexford also sold 77-700 Enfield Lane in Palm Desert for $2.4 million.
LOS ANGELES — Gaw Capital Partners has purchased the 107,875-square-foot studio campus in the Los Angeles submarket of Atwater Village formerly occupied by Playboy. The space is located at 3030 Studios. The price was not disclosed. The studio features studio, production and creative office space located on nearly four acres of land. The private studio campus offers a full-service production and broadcast facility with three soundstages. JLL’s Nicole Mihalka, Carl Muhlstein and Hayley Blockley represented the seller, World Class Capital Group, in this transaction.
NORTHERN NEW JERSEY — NKF Capital Markets has arranged the sale of an industrial portfolio of four assets located throughout Northern New Jersey. Tulfra Real Estate sold its 100 percent interest in the properties, which total 254,000 square feet, for an undisclosed price. The single-tenant properties, ranging in size from 38,000 square feet to 141,000 square feet, are occupied by a diverse tenant roster for a wide range of uses, including plastics manufacturing and assembly, light industrial, storage, office and private label supplement development. Kevin Welsh, Brian Schulz and Jason Emrani of NKF represented the seller and procured the buyer, a private high-net worth investor based in Airmont, N.Y. Additionally, Jordan Roeschlaub, Dustin Stolly, Dan Fromm and Robert Tonnessen of NKF Capital Markets Debt & Structured Finance team secured acquisition financing for the purchase.
PLAINFIELD, CONN. — Western Express, a truckload carrier, has purchased a 12.8-acre facility at 1293 Norwich Road in Plainfield. P. Camp LLC of Jewett City, Conn., sold the property for $1.7 million. The property comprises two adjacent parcels and a 30,740-square-foot building. This is will be ninth location for the Nashville, Tenn.-based truckload carrier. Ron Lyman of Lyman Real Estate Brokerage & Development represented the seller and buyer in the deal.