NEW YORK CITY — Cushman & Wakefield has brokered the sale of three multifamily buildings located at 257 Quincy St., 570 Jefferson Ave. and 308 Stuyvesant Ave. in Brooklyn’s Bedford-Stuyvesant neighborhood. The Mann Group sold the properties to an undisclosed buyer for $14.4 million, or $313,043 per unit. The 17,650-square-foot Quincy Street property features 21 units, the 7,364-square-foot Jefferson Avenue property offers nine units, and the 8,320-square-foot Stuyvesant Avenue building contains 16 units.
JACKSONVILLE, FLA. — Newmark Grubb Phoenix Realty Group has brokered the $10.5 million sale of a 588,000-square-foot manufacturing and warehouse facility located at 5245 Commonwealth Ave. in Jacksonville. Situated on 28 acres within Jacksonville’s Westside submarket, the property is fully leased to two tenants, Fanatics and Dickinson Fleet Services. Woodland, Calif.-based Tower Investments LLC purchased the building from FT-WD Property LLC. John Richardson and Bryan Bartlett of Newmark Grubb Phoenix represented the buyer in the transaction. Newmark Grubb Phoenix has been the leasing agent for the property for more than 10 years.
OCEANSIDE, CALIF. — Lee & Associates has completed a lease for 12,945 square feet of retail space at 2550 Jason Court within the Jason Court Business Park in Oceanside. Black Plague Brewing plans to open in the location sometime in the next six months. Monique Medley of Lee & Associates – North San Diego County represented Black Plague Brewing, while Bob Willingham of Kidder Mathews represented the landlord, Southwest Greene International Inc. The lease was valued at approximately $724,000.
LAKE JACKSON, TEXAS — Houston-based brokerage Baker Katz has arranged the lease of a freestanding, 23,500-square-foot building to discount grocery chain Aldi in Lake Jackson, located approximately 55 miles south of Houston. The building is located at the corner of State Highway 288 and This Way Street. Streetwise Realty Partners represented the tenant. Situated near Lowe’s Home Improvement and Dow Chemical’s new campus, the new Aldi is slated to open this fall.
ELGIN, ILL. — In a sale-leaseback deal, The Packaging Wholesalers has sold its 443,103-square-foot industrial headquarters building in Elgin, approximately 40 miles northwest of Chicago, to Brennan Investment Group LLC for an undisclosed price. The property is located at 1717 Gifford Road. Adam Marshall and Mark Deady of Newmark Grubb Knight Frank represented Brennan Investment Group in the transaction. Brennan Investment Group is a private real estate investment firm that acquires, develops, and operates industrial facilities throughout the United States.
CHICAGO — Thor Equities has acquired a 16,000-square-foot industrial building in Chicago’s Fulton Market neighborhood for $5.9 million. Columbus Meats, the seller, will occupy the building for the next three months, after which it will be converted to a retail and office building. Located at 942 W. Fulton Market, the four-level property is situated across the street for Google’s new Midwest headquarters and directly in front of a new ACE Hotel.
ATLANTA — Apple Hospitality REIT has closed on the previously announced acquisition of a 128-room Home2 Suites by Hilton in downtown Atlanta. The purchase price was $24.6 million, or approximately $192,000 per room. Located at 87 Walton St., the hotel is situated near Centennial Olympic Park, CNN Center, World of Coca-Cola, College Football Hall of Fame, Georgia Aquarium, Philips Arena, the Georgia Dome, Georgia State University, Georgia Tech and the upcoming Mercedes-Benz Stadium. Following the purchase, Apple Hospitality REIT’s portfolio includes 180 hotels spanning 23,000 guestrooms in 32 states.
TAMPA, FLA. — HRE/Sefira Cypress LLC, a joint venture between Highline Real Estate Capital and Sefira Capital, has closed on its $13.1 million purchase of Cypress Point Office Park in Tampa. Cypress Point is a six-building, 165,000-square-foot office park located at 10004-10014 Dale Mabry Highway. The park was 88 percent leased at the time of sale. Longtime CREC principal David Moret formed Highline Real Estate Capital in February 2016, and Cypress Point was the inaugural purchase for the company. Mijael Attias and Aby Galsky formed Sefira Capital in September 2015. Jeffrey Morris and Bret Felberg of JLL represented the seller, Tomorrow VII Cypress LP, in the sale. Tarik Bateh of JLL’s capital markets group arranged acquisition financing through TD Bank on behalf of the new ownership group. HRE/Sefira Cypress LLC has selected Focus Real Estate Services to provide management and leasing services for Cypress Point.
MOONACHIE, N.J. — Woodmont Industrial Partners has acquired an industrial building located at 77 Moonachie Ave. in Moonachie. The 104,000-square-foot property was acquired for an undisclosed price. The building features seven loading dock doors, a new roof, heavy power, ample parking and 14,000 square feet of mezzanine space. Thomas E. Tucci and Thomas Tucci of Cushman & Wakefield represented the undisclosed seller in the deal.
NEW YORK CITY — Cignature Realty has arranged the sale of an apartment building located at 880 Saint Nicholas Ave. in the Hamilton Heights section of Manhattan. Shamah Properties acquired the 37-unit apartment building from 880 St. Nick LLC for $11.1 million. Peter Vanderpool and Lazer Sternhell of Cignature represented the buyer and the seller in the deal.