more_sales_and_leases

Blueprint Brokers Sale of 100-Unit Assisted Living Community in Massachusetts

by Amy Works December 19, 2017

BROCKTON, MASS. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Heights Crossing Assisted Living Residence, a 100-unit assisted living and memory care community located in the Boston suburb of Brockton. Kayne Anderson Real Estate Advisors acquired the property from a regional owner-operator with a strong presence in the Boston area. The price was not disclosed. Originally constructed in 1996, the community was 89 percent occupied at the time of sale. The building is situated near the Bay Pointe Rehabilitation and Nursing Center. Steve Thomes was Blueprint’s lead advisor on the transaction.

December 19, 2017

Healthcare Illinois Midwest Seniors Housing

CareTrust REIT Acquires 90-Bed Skilled Nursing Facility in Greenville, Illinois

by Kristin Harlow December 19, 2017

GREENVILLE, ILL. — CareTrust REIT (NASDAQ: CTRE) has acquired Helia Healthcare of Greenville, a 90-bed skilled nursing facility in Greenville, about 50 miles east of St. Louis. The purchase price was not disclosed. The property, located at 400 E. Hillview Ave., is the only nursing home within a 20-mile radius that offers skilled nursing services, including neuromuscular disorders care, amputation care, cardiac care, nutritional support, advanced wound care and enteral nutrition, according to HFF. David Fasano, Ryan Maconachy, Chad Lavender and Sarah Anderson of HFF marketed the property on behalf of the seller, Palladian Healthcare.

December 19, 2017

Indiana Midwest Net Lease Retail

Lamb Net Lease Negotiates Sale of Auto Shop in Kokomo, Indiana

by Kristin Harlow December 19, 2017

KOKOMO, IND. — Lamb Net Lease LLC has negotiated the sale of a 14,592-square-foot building net leased to Gerber Collision & Glass in Kokomo, 60 miles north of Indianapolis. The sales price was not disclosed. Gerber Collision & Glass is a wholly owned subsidiary of Boyd Group Income Fund. A Midwest-based REIT purchased the property, which is located at 418 Kentucky Drive. Mike Lamb of Lamb Net Lease negotiated the transaction between both parties. David Bickell of SVN represented the private equity seller.

December 19, 2017

California Multifamily Seniors Housing Western

JCH Negotiates Sale of 51-Unit Assisted Living Facility in Escondido for $18.5M

by Nellie Day December 18, 2017

ESCONDIDO, CALIF. — JCH Senior Housing Investment Brokerage has arranged the sale of a 51-unit assisted living community in Escondido, located between San Diego and Los Angeles. A regional for-profit operator acquired the property from a single-asset nonprofit operator for $18.5 million, or $365,000 per unit. The seven-building property was built in phases between 1980 and 2002.

December 18, 2017

New Jersey Northeast Office

Weiss Realty Acquires 48,492 SF Office Building in Neptune, New Jersey, for $8.6M

by Amy Works December 18, 2017

NEPTUNE, N.J. — An affiliate of Weiss Realty has acquired an office building located at 1800-1836 W. Lake Ave. in Neptune for $8.6 million. James Gunning, Donna Falzarano and Kyle Saviano of CBRE Capital Markets Debt and Structured Finance arranged a $6 million permanent loan from Natixis of behalf of the buyers, West Lake Neptune LLC and West Lake Neptune 11 LLC, for the acquisition. Built in 2010, The three-story building offers 48,492 square feet of office space. Current tenants include Hackensack Meridian Health, the Department of Treasury for the State of New Jersey and West Lake Pharmacy. Fred Meyer of NAI Mertz and Jack Sudia of NAI Atlantic Coast Realty brokered the transaction. The Meyner and Landis Law Firm of Newark, N.J., represented the undisclosed seller, while Saverio Celeste of Fort Lee and William Schmidt of West Orange represented the buyer in the deal.

December 18, 2017

Industrial Office Texas

NAI Robert Lynn Secures 36,450 SF Flex Lease in Arlington

by Taylor Williams December 18, 2017

ARLINGTON, TEXAS — NAI Robert Lynn has secured a 36,450-square-foot industrial/office lease at 640 107th St. in Arlington. Michael Stanzel of NAI Robert Lynn represented the landlord in the lease negotiations. George Curry and Blake Rogers of JLL represented the tenant, Incab America LLC, a Georgia-based manufacturer of fiber optic cable.

December 18, 2017

Multifamily Seniors Housing Southeast Tennessee

Blueprint Brokers $16M Sale of 119-Bed Skilled Nursing Facility in Nashville

by Camren Skelton December 18, 2017

NASHVILLE, TENN. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 119-bed skilled nursing facility in Nashville. A public REIT sold the undisclosed property to an owner-operator looking to grow in the area for $16 million. The multi–story facility was originally built in 1970, then renovated and expanded in 2013. The nearly 100,000-square-foot facility was later acquired in 2016 as part of a large portfolio transaction, and the lessee was retained to continue operating the portfolio. Ben Firestone and Michael Segal of Blueprint arranged the transaction.

December 18, 2017

Illinois Industrial Midwest

American Louver Inks 127,800 SF Industrial Lease in Des Plaines, Illinois

by Kristin Harlow December 18, 2017

DES PLAINES, ILL. — American Louver Co. has signed a 127,800-square-foot industrial lease in Des Plaines, a northwestern suburb of Chicago. The manufacturer of plastic products will occupy the space at 100 E. Howard Ave. Denise Chaimovitz of Paine Wetzel represented the tenant in the lease transaction. Kevin Segerson and Matt Mulvihill of CBRE represented the landlord, ML Realty Partners.

December 18, 2017

Illinois Midwest Mixed-Use

NYL Acquires 24-Story Mixed-Use Property in Evanston, Illinois

by Kristin Harlow December 18, 2017

EVANSTON, ILL. — New York Life Real Estate Investors has acquired The Park Evanston in the Chicago suburb of Evanston for an undisclosed price. Built in 1997, the 24-story mixed-use property features 283 apartment units and 38,940 square feet of ground-floor retail space. Amenities include a fitness center, rooftop pool, resident lounge, business center and 24-hour concierge. Whole Foods Market occupies 33,000 square feet at the property, which is located near Northwestern University. The seller was not disclosed.

December 18, 2017

Indiana Industrial Midwest

Earnest Machine Products Signs 55,800 SF Industrial Lease in Greenwood, Indiana

by Kristin Harlow December 18, 2017

GREENWOOD, IND. — Earnest Machine Products Co. has signed a 55,800-square-foot industrial lease at SouthPoint Business Park in Greenwood, about 15 miles south of Indianapolis. The bolts and fasteners manufacturer for the heavy equipment industry will occupy the space within Building A. Steve Beals and Richard King III of Lee & Associates represented the tenant in the lease transaction. Jason Speckman of Colliers International represented the landlord, Shear GW2 LLC.

December 18, 2017

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