more_sales_and_leases

HFF Negotiates Sale of Houston-Area Retail Center

by Haisten Willis December 11, 2015

TEXAS CITY, TEXAS — HFF has negotiated the sale of Palmer Plaza, a 98,816-square-foot retail center in the southern Houston suburb of Texas City. HFF arranged the sale on behalf of the seller, Weingarten Realty Investors. EDIFIS purchased the asset for an undisclosed amount. Palmer Plaza is positioned on 8.4 acres at Emmett F. Lowry Expressway and SH 146. The center, including two outparcel buildings, is 94 percent leased to tenants including Goodwill, Dollar Tree, Anytime Fitness, T-Mobile and Ace Cash Express. Ryan West and Matt Berry led the HFF investment sales team representing the seller.

December 11, 2015

TL Management Acquires Spring Creek Rehabilitation & Health Care Center in Harrisburg

by Amy Works December 11, 2015

HARRISBURG, PA. — New York-based TL Management has acquired Spring Creek Rehabilitation & Health Care Center, located at 1205 S. 28th St. in Harrisburg. The acquisition was funded in part by a $48 million credit facility arranged by First Niagara Bank. Spring Creek is a 404-bed rehabilitation and healthcare center features both short-term rehabilitation and long-term care facilities.

December 11, 2015

Multifamily Northeast Pennsylvania

Rittenhouse Realty Advisors Brokers $8.7M Sale of 96-Unit Apartment Complex in Pennsylvania

by Amy Works December 11, 2015

PROSPECT PARK, PA. — Rittenhouse Realty Advisors has arranged the sale of Colonial Park West Apartments, a 96-unit garden-style apartment property located at 211 Lazaretto Road in Prospect Park. Friedman Realty Group acquired the property from an undisclosed seller for $8.7 million. The buyer plans to renovate the property with upgrades to kitchens and bathrooms in each unit and the exterior. Ken Wellar and Corey Lonberger of Rittenhouse Realty Advisors brokered the transaction.

December 11, 2015

Massachusetts Multifamily Northeast

Salem Station LLC Sells 266-Unit Apartment Community in Salem, Massachusetts

by Amy Works December 11, 2015

SALEM, MASS. — CBRE/New England has negotiated the sale of Jefferson at Salem Station, a garden-style apartment community located in Salem. Salem Station LLC sold the property to an affiliate of Bell Partners Inc. for an undisclosed sum. Built in 2002, the property features 266 market-rate apartments spread across five four-story elevator buildings and four two-story townhouse buildings. The units are a mix of one- and two-bedroom apartments and two-bedroom townhomes with an average size of 1,115 square feet. Community amenities include a great room, media room, business center, fitness center and an outdoor pool with sundeck and gas grills. Simon Butler and Biria St. John of CBRE/NE represented the seller in the transaction.

December 11, 2015

New Jersey Northeast Retail

Marcus & Millichap Negotiates $4.6M Sale of Self-Storage Facility in New Jersey

by Amy Works December 11, 2015

ASBURY, N.J. — Marcus & Millichap has arranged the sale of ABM Self Storage, a 59,562-square-foot self-storage facility located at 190 New Jersey Highway 173 in Asbury. A limited liability company acquired the asset for $4.6 million. Situated on 5.8 acres, the four-building property features 400 storage units. Anthony Asencio, Michael Mele, Ben Sgambati and Alan Cafiero of Marcus & Millichap’s New Jersey office represented the seller, a developer, and the buyer in the transaction.

December 11, 2015

Eastgate Distribution Center 7800 Eastgate Blvd. Lebanon

Industrial Southeast Tennessee

CTDI Signs 403,750 SF Industrial Lease in Nashville MSA

by John Nelson December 11, 2015

LEBANON, TENN. — Communications Test Design Inc. (CTDI), an engineering, repair and logistics company serving the communications industry, has signed a 403,750-square-foot industrial lease at Eastgate Distribution Center I in metro Nashville. The building is located at 7800 Eastgate Blvd. in Lebanon. John Ward of Cushman & Wakefield represented the landlord, Pattillo Industrial Real Estate, in the lease deal. Terry Smith of Colliers International represented CTDI. David Mackey and John Morrissey of Jackson Cross Partners assisted in representing CTDI.

December 11, 2015

Indiana Midwest Multifamily Seniors Housing

Evans Senior Investments Arranges Sale of Skilled Nursing, Memory Care Facility in Indiana

by Christina Cannon December 11, 2015

LAWRENCEBURG, IND. — Evans Senior Investments has arranged the sale of Shady Nook Care Center, a skilled nursing and memory care facility in Lawrenceburg, approximately 25 miles west of Cincinnati, Ohio, for an undisclosed price. A local investor purchased the property and will retain the existing operator. Shady Nook was built in 1984 and consists of 35 semi-private rooms and 12 private rooms in a 37,332-square-foot facility. The property underwent a $395,000 renovation in 2010. Jason Stroiman of Evans Senior Investments arranged the deal.

December 11, 2015

Midwest Office Wisconsin

Siegel-Gallagher Arranges 5,202 SF Office Lease in Waukesha, Wisconsin

by Christina Cannon December 11, 2015

WAUKESHA, WIS. — Siegel-Gallagher has arranged a 5,202-square-foot office lease in Waukesha, approximately 20 miles west of Milwaukee. The building, Crossroads XIV, is located at 20300 Water Tower Blvd. Lueder Financial Group LLC (also known as Northwestern Mutual) is the tenant, and Janesville LLP is the landlord. Shaun Dempsey of Siegel-Gallagher brokered the deal.

December 11, 2015

Industrial Texas

SVN / Trinity Advisors Brokers Industrial Transactions in Metroplex

by Haisten Willis December 10, 2015

FORT WORTH, TEXAS — SVN / Trinity Advisors recently closed several industrial transactions in Fort Worth, Arlington and Carrollton. James Blake of SVN /Trinity arranged the sale of a warehouse located at 2405 Ludelle St.in Fort Worth to XS Sights System, which will occupy the 10,500-square-foot building. Built in 1986, the industrial building is located just off I-30 and Beach Street. Blake represented the seller, Powerspoint Investments LLC, in the transaction. Tyler Trahant with The Trahant Co. represented the buyer. Carl Brown of SVN / Trinity arranged the lease of three spaces in the Beach Conner Industrial Park, located 10 minutes from downtown Fort Worth on Beach Street. The first lease deal was 3,600 square feet to Surgidental for a two-year term. The second deal was 7,200 square feet leased to Delta Structural Tech for a one-year term, and the third deal was 3,600 square feet leased to Munoz Furnishings for a one-year term. Brown also arranged the lease of 3,000 square feet of industrial space to HD Foundation for a three-year term at 801 Secretary Drive in Arlington. In addition, SVN / Trinity’s Clint Montgomery arranged the lease of 1,120 square feet of space in an industrial complex in Carrollton …

December 10, 2015

Multifamily Texas

Greysteel Arranges Sale of Carroll Place in Dallas

by Haisten Willis December 10, 2015

DALLAS — Greysteel has arranged the sale of Carroll Place, a 26-unit apartment community in the Old East Dallas neighborhood of Dallas. Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill of Greysteel served as advisor and agent to 1502 Carroll Place LLC in the sale of Carroll Place to Old East Carroll LLC. The property includes six efficiency and 20 one-bedroom/one-bathroom units within three two-story buildings.

December 10, 2015

Newer Posts

Older Posts