BIRMINGHAM, ALA. — SK Commercial Realty represented Seavest Healthcare Properties in the acquisition of the 208,000-square-foot Grandview Physicians Plaza in Birmingham. The newly constructed, Class A medical office building is located on the Grandview Medical Center campus. The facility features an imaging center, multiple clinical spaces and physician offices covering several medical disciplines. Daniel Corp. sold the property to Seavest for an undisclosed price.
MINNEAPOLIS — Marcus & Millichap has arranged the sale of a 13-unit apartment property in Minneapolis for $2.4 million. The property is located at 2118 Dupont Ave. S. A Japanese investor purchased the asset from an undisclosed buyer. Bill Bailey and John Bailey of Marcus & Millichap listed the property on behalf of the seller who was a private investor. A Chicago-based investment fund represented the buyer in the transaction.
GLEN ELLYN, ILL. — SVN | Chicago Commercial has brokered the sale of a 10,300-square-foot retail building for $1.1 million. GTC Investments sold the asset, which is located at 530 Crescent Blvd. in Glen Ellyn, approximately 25 miles west of Chicago. Tenants at the building include Dunkin’ Donuts and Thipi Thai Cuisine. Craig Franzen of SVN | Chicago Commercial represented GTC Investments in the transaction. The buyer, an undisclosed individual investor, was self-represented.
HOUSTON — Marcus & Millichap has arranged the sale of a corner land parcel located in Houston. Justin Miller and Derek Hargrove of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a family trust. A local investor bought the property and plans to redevelop it. The property is located at 2105 Yale St. in the Houston Heights area of Houston.
AUSTIN, TEXAS — CBRE has negotiated a 10,534-square-foot lease expansion for GateHouse Media, one of the largest publishers of newspapers in the country. The company’s Center for News & Design will expand its existing 18,444-square-foot office at Northview Business Center, which is located at 9001 N. Interstate Highway 35 in Austin. Opened since May 2014, the center offers a range of content services to GateHouse Media newspapers and commercial clients, including centralized copy editing and page design, web development and training. Today, the print editions of more than 200 GateHouse Media newspapers are designed and edited at the center, alongside product development for their companion web and mobile sites. More than 225 people work at the center. W. Gaines Bagby with CBRE’s Austin office represented GateHouse Media in the lease transaction. Luke Wheeler with Transwestern represented the landlord.
NEW YORK CITY — Manhattan-based George Comfort & Sons Inc. has partnered with ASB Capital Management to acquire a 48,000-square-foot mixed-use building at 7 W. 18th St. in Manhattan’s Flatiron District for an undisclosed price. The fully occupied nine-story building is tenanted by homenature, a home furnishing retailer, on the ground floor and a variety of office tenants on the upper floors. The name of the seller was not released.
NEW YORK CITY — Marcus & Millichap has brokered the sales of two properties in Brooklyn totaling $7.6 million. In the first transaction, a private investor acquired an 80-foot by 90-foot development site located at 242-248 Newkirk Ave. in Brooklyn. The site, which offers 30,497 buildable square feet, sold for $4 million. The site has approved plans for a seven-story, 45-unit apartment building. Derek Bestreich, Steve Reynolds and Thomas Reynolds of Marcus & Milichap represented the seller, a private investor, and the buyer in the transaction. In the second deal, a private investor purchased an eight-unit apartment property, located at 592 Vanderbilt Ave. in Brooklyn, for $3.6 million. Bestreich, Lucien Sproviero and Adam Lobel of Marcus & Millichap represented the seller, a private investor, and the buyer in the sale.
RALEIGH, N.C. — Colliers International Student Housing Group has arranged the $56.7 million sale of Wolf Creek Apartments, now rebranded as Vie at Raleigh, a student housing apartment community near North Carolina State University. Situated on 41.5 acres in Raleigh, the rental community has 1,394 beds in 385 units and sold for $40,674 per bed. The sellers are Wolf Creek TIC and Wolf Creek II Borrower, and the buyer is undisclosed. Vie at Raleigh is located less than three miles from NC State University, and has two-, three- and four-bedroom apartments with private bedroom-bathroom suites. All apartments have a full kitchen, in-unit laundry and balcony. Frank Quinn and Steven Peden of Colliers International’s Raleigh-Durham office, along with Travis Prince of Colliers International Student Housing Group in Tampa, represented the seller. The buyer plans to renovate the clubhouse, fitness center, select apartment units, social lounge and study lounge. The community also has free tanning, a pet park, a resort-style pool and volleyball courts.
PORT ST. LUCIE, FLA. — Marcus & Millichap has brokered the $9.8 million sale of Village Shoppes at St. Lucie West, a 25,607-square-foot retail center located at 1718-1748 S.W. St. Lucie West Blvd. in Port St. Lucie. Situated on a 2.9-acre lot near I-95, the shopping center is fully leased to nine tenants including Sprint, Fresenius Medical and Sports Clips. Adam Tiktin of Marcus & Millichap’s Miami office represented the seller, Ross Realty, a partnership based in Davie, Fla. Derek Gibbs and Daniel Cunningham of Marcus & Millichap’s Fort Lauderdale office secured and represented the buyer, a partnership based in Salem, Mass.
MINNETONKA, MINN. — Marcus & Millichap has arranged the sale of a 38,096-square-foot retail property in Minnetonka, a southwestern suburb of Minneapolis, for $6.2 million. Glen Haven Center was 100 percent occupied at the time of sale and is located at 14400 Excelsior Blvd. Sean Doyle, Cory Villaume, Matthew Hazelton, AJ Prins and Brian Klancke of Marcus & Millichap worked in conjunction with two other brokerages to close the transaction. Both the buyer and the seller are undisclosed limited liability companies.
