HOUSTON — NAI Partners has negotiated the sale of the an office property located at 4201 FM 1960 West known as One Northchase Park near Torrey Chase Boulevard. Jaguar Investors Ltd. was the seller of the glass-clad, six-story, multi-tenant office property totaling 85,213 square feet. Doug Pack of NAI Partners facilitated the transaction. The buyer was not named.
MAHWAH, N.J. — Marcus & Millichap has brokered the sale of an industrial facility located at 370 Franklin Turnpike in Mahwah. The 44,000-square-foot asset sold for $3.9 million. The building features 12,000 square feet of newly refurbished office space and 32,000 square feet of industrial space with 24-foot clear heights. The office space is broken up into four 3,000-square-foot sections, with three of the sections being leased by office users and the fourth space being leased by the tenant occupying the warehouse space. David Thurston of Marcus & Millichap represented the both the buyer and seller in the transaction.
NEW YORK CITY — GFI Realty Services has brokered the sale of an apartment building, located at 546 East 182nd St. in the Little Italy section of the Bronx. A local investor purchased the asset for $2.8 million, or $112,000 per unit. Built in 1913, the five-story building features 25 apartment units. Shulem Paneth and Eli Matyas of GFI represented the buyer, while Wilfred Matias, also of GFI, represented the seller, a local investor, in the deal.
BETHLEHEM, PA. — Lancaster, Pa.-based High Associates has arranged the sale of a multifamily property located at 532 Second Ave. in Bethlehem. The 18-unit property sold for $2.48 million, or $137,500 per unit, in a 1031 exchange. The property features 1,200-square-foot, two-bedroom apartments with upgraded amenities, including hardwood floors, granite counter tops and stainless steel appliances. Additional amenities include off-street parking and a fitness center. Matthew Wolf of High Associates represented both the buyer and seller in the transaction.
CHICAGO — STREAM Capital Partners, a sale-leaseback advisory group based in Chicago, has brokered the $23.3 million sale-leaseback of 18 KFC restaurants in Alabama. The locations are all under long-term triple-net leases to a KFC franchisee. Adam English, Jonathan Wolfe and Jordan Shtulman of STREAM Capital Partners advised the undisclosed seller in the transaction. The buyer was a public REIT.
CHARLOTTE, N.C. — Ziff Properties Inc. has sold three office and light industrial assets in Charlotte for a combined $10 million. The assets include Arcade Square, Coffey Creek and Rubin Business Center II. Rob Cochran and Jared Londry of DTZ Charlotte represented Ziff Properties in the transaction. Christian Chamblee was the internal representation for Ziff Properties.
LAS VEGAS – Craig Valley Plaza, a 73,455-square-foot retail center in Las Vegas, has sold to Marker Craig LLC for $8.2 million. The plaza is located at 4180-4280 W. Craig Road. Jeff Chain of Millennium Commercial Properties represented the buyer. The seller, Omninet Craig LLC, was represented by CBRE’s Charles Moore, Marlene Fujita Winkel and Ashley Kolaczynski.
PORTLAND, ORE. – MBRE Healthcare has acquired Mt. Scott Professional Center II, a 48,500-square-foot medical office building in the Portland submarket of Happy Valley, for $11 million. The center is located off SE Johnson Creek Boulevard. Notable tenants include Mt. Scott Surgery Center, Metropolitan Pediatrics and Adventist Health. MBRE was represented by Brian Norton of KW Commercial. The seller, Mt. Scott Professional Center II LLC, was represented by Raymond Duchek and Thomas McDowell of Norris & Stevens.
JERSEY CITY, N.J. — Kushner Cos. and The KABR Group have acquired a development site at One Journal Square in Jersey City for $27 million. Located at the intersection of Sip Avenue and John F. Kennedy Boulevard, the two-acre development site is entitled for mixed-use development, including approximately 1,500 multifamily units and a large retail component with ample parking. The companies plan to work with the city to develop a project that will help revitalize Jersey City’s Journal Square neighborhood. Currently, Kushner Cos. and The KABR Group are developing Trump Bay Street, a 50-story residential tower located at 65 Bay St. in Jersey City’s Powerhouse District.
CAMP HILL, PA. — Evergreen Property Trust LLC has purchased a two-building industrial property in Camp Hill from IndCor Properties in an off-market transaction for an undisclosed price. The transaction includes the 24,000-square-foot property at 2400 Gettysburg Road and the 124,000-square-foot facility at 2404 Gettysburg Road. Both properties are currently occupied and plans have been submitted for a 43,000-square-foot expansion at 2404 Gettysburg Road. Pat McBride, Adam Campbell and Gerry Blinebury of Cushman & Wakefield’s Harrisburg office, along with Leah Balerno and Marie Connell of the firm’s Philadelphia office, represented IndCor in the deal. Jason Grace of Landmark Commercial Realty represented the buyer in the transaction.