ALPHARETTA, GA. — Bull Realty has brokered the $8.4 million sale of Stone Walk at Northpoint, a 36,105-square-foot retail property in Alpharetta. The retail center is positioned near the Haynes Bridge Road entrance to North Point Mall, a 1 million-square-foot, enclosed regional mall. Stone Walk at Northpoint was 70 percent leased at the time of sale to tenants such as Guitar Center, Sola Salon and Scottrade. John Harrison and Austen Wiley of Atlanta-based Bull Realty were the only brokers involved in the deal. CH Retail Fund, a private equity fund based in Dallas, purchased the property from Shops at Stonewalk LLC.
LAWRENCE, MASS. — Colliers International has brokered the acquisition of a six-story mill building located at 5 Franklin St. in Lawrence. Portland, Ore.-based Taom Heritage acquired the 500,000-square-foot property for an undisclosed price. The property is architecturally significant and the buyer views the building as a unique opportunity to participate in the revitalization of downtown Lawrence. Austin Smith of Colliers represented the buyer, while TA Sullivan Realty represented the seller, Franklin Hampshire Realty Corp.
NEW YORK CITY — KZA Realty Group has arranged the acquisition of a 32,000-square-foot lot located at 857-859 Concourse Village West in the Bronx. 857-59 Hotel LLC purchased the property from Howard Jaffe of 857 Concourse Village and Nydia Valentin of 859 Concourse Village for $1.9 million. The buyer plans to develop a hotel on the site. Kathy Zamechansky and Dan McVeigh of KZA Realty represented the buyer and sellers in the transaction.
RICHMOND, VA. — Cushman & Wakefield | Thalhimer has brokered the $3.6 million sale of a Car Pool Car Wash located at 11950 W. Broad St. in Richmond’s Short Pump district. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the undisclosed buyer in the sale-leaseback transaction with the seller and tenant, Car Pool LLC.
PHOENIX — Curtis Capital Group has purchased the 124-unit Barrington Regent apartment complex in Phoenix for $11 million. The community is located at 825 W. Osborn Road. It is less than a mile from the Metro Light Rail and about one mile from the Downtown Phoenix Corridor. Top employers in the area include both city and state governments, as well as TGEN Bioscience Research. Barrington Regent was built in 1980. The seller was Su Casa properties. Mark Forrester, Ric Holway, Dan Cheyne and Tom Wolff of Berkadia executed the transaction.
ARLINGTON, TEXAS — S2 Capital has purchased the Holly Ridge apartment complex located at 2504 Ivy Brook Court in Arlington. With a total of 290 units, the complex was built in 1981. S2 Capital bought the property at a live auction in Houston out of a 23-property portfolio that had been through bankruptcy multiple times the previous five years. S2 Capital plans to spend $4 million on renovations for the Holly Ridge property. Holly Ridge is located near Texas State Highway 360 and I-30.
PLANO, TEXAS — The Vitorino Group has arranged the sale of Willow Bend Crossing, the second phase of a newly constructed shopping center located near the southwest corner of the Dallas North Tollway and Park Boulevard in Plano. Bryce Gissler of the Vitorino Group represented the seller, a Dallas-based developer. The buyer, who was self-represented, is a Dallas-based private equity fund established to acquire core plus retail throughout Texas. The property spans 6,000 square feet and the existing tenants are Ideal Dental and VERTS Mediterranean Grill.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Dunkin’ Donuts, a 3,000-square-foot net-leased property located in Fort Worth. Vincent Knipp of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Dunkin’ Donuts is located at 9629 White Settlement Road, less than one-half mile from I-820. Dunkin’ Donuts has operated at this location since 2008 and recently executed a new 10-year lease extension with three five-year options to renew.
WEST NEW YORK, N.J. — Redwood Realty Advisors has arranged the sale of an apartment building located on Dewey Avenue in West New York. LS Realty LLC acquired the five-story, walk-up building from Marin Blvd LLC for $4 million, or $135,833 per unit. The property features 30 apartment units. Steven Matovski and Saul Ramirez of Redwood Realty Advisors brokered the transaction.
LINDEN, N.J. — Bussel Realty Corp. has brokered the sale of an industrial property located at 2365 E. Linden Ave. in Linden. New York-based 2365 Linden Corp LLC acquired the property from Edward Cantor for $2.1 million. Situated on 2.1 acres, the building features 23,000 square feet of industrial space. Jordan Metz of Bussel Realty represented the buyer and seller in the deal.