NEW YORK CITY — The Britannia Group has negotiated the $23 million sale of a 41-unit apartment property in the South Williamsburg neighborhood of Brooklyn. Britannia’s Jacob Rogosnitzky and David Zlotnick represented the buyer, a German family, in the acquisition of the property at 218 S. 3rd St.
RALEIGH, N.C. — FCA Partners LLC has acquired Celebration at Six Forks, a 125,000-square-foot retail center located at the intersection of Six Forks and Sawmill roads in north Raleigh. The Charlotte-based investment management firm purchased the asset from a high net worth fiduciary based in New Jersey for $19.1 million. Built in 1978, the shopping center was 95 percent leased at the time of sale to tenants such as Fitness Connection, The UPS Store, Dollar General, Domino’s, McDonald’s and BB&T Bank. FCA intends to upgrade Celebration at Six Forks with painting, façade improvements, lighting, landscaping and adding outdoor seating.
RANSON, W.VA. — Trout Daniel & Associates has arranged the $3.7 million sale of Ranson Shoppes, a 16,300-square-foot retail center located along WV Route 9 in Ranson. The property was fully leased at the time of sale to Mattress Warehouse, Five Guys Burgers & Fries and Little Caesars. Trout Daniel & Associates represented the undisclosed seller in the transaction.
HUNTLEY, ILL. — Midwest Industrial Funds has purchased a 71,000-square-foot industrial building in Huntley, about 50 miles northwest of Chicago. The property is located at 12007 Smith Drive. The building features 22-foot clear heights, eight exterior docks and parking for 60 cars. An additional three acres at the site can be developed separately. The facility is currently fully leased to one tenant that uses the property for warehousing and light manufacturing. Midwest Industrial plans to improve the exterior façade, install new windows, perform landscaping enhancements and eventually perform interior improvements to reposition the property in the marketplace. Dan Tobin of CTK Chicago Partners represented Midwest Industrial in the purchase. Michael Magliano of Cushman & Wakefield represented the seller, a private investor. The purchase price was not disclosed.
FORT LEE, N.J. — Marcus & Millichap has brokered the $4.5 million sale of 201 Main St., a 9,500-square-foot retail property located Fort Lee. Greg Babaian, Michael Lombardi and Steven Schiavello of Marcus & Millichap’s New Jersey office marketed the property on behalf of the seller, a private investor. The team also secured and represented the buyer, another private investor.
NEW YORK CITY — Eastern Consolidated has arranged a lease for Viand Cafe at 517 Columbus Ave. in Manhattan. The restaurant has operated a location in the Hotel Beacon at 2130 Broadway for more than 15 years. The restaurant is taking a 1,856-square-foot space at the corner of 85th Street and Columbus Avenue previously occupied by Jackson Hole restaurant, which closed last year. Eastern Consolidated’s Ben Biberaj and Harris Bulow represented Viand Café in negotiating a 15-year lease for the retail space, which includes 70 feet of frontage and a 490-square-foot basement. Rafe Evans and Eric Fisher of Walker Malloy & Co. represented the landlord, Shared Equities LLC.
ORLANDO, FLA. — Franklin Street has brokered the $22 million sale of 195 units at Grand Reserve at Kirkman Parke, a 390-unit multifamily community located at 3301 S. Kirkman Road in Orlando. The gated property is a “fractured” condominium community, with half of the units for-sale. Built in 2000 on 22 acres, the property features one- to four-bedroom layouts with resort-style amenities including a pool, clubhouse, heated spa, movie room, fitness center and a business center. ESG Equities purchased the units from Miami-based Argenpart LLC. Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger of Franklin Street’s Tampa office represented the buyer in the transaction.
SINGER ISLAND, FLA. — SVN | South Commercial Real Estate Advisors has brokered the $7.6 million sale of Ocean Mall, an approximately 67,000-square-foot retail center located at 2401 N. Ocean Drive on Singer Island in South Florida’s Palm Beach County. Built in 2010, the center was 53 percent leased at the time of sale. The buyer is Boca Raton, Fla.-based Rosehill Group, a joint platform between Duncan Hillsley Capital and PEBB Capital. Mark King of SVN | South Commercial Real Estate Advisors represented the seller, New York-based Garrison Investment Group.
LAS VEGAS — CapRock Partners has purchased two industrial parks in Las Vegas for an undisclosed sum. The acquisitions include a 160,554-square-foot park at 4350 Arville St. and a 42,580-square-foot park at 3021 Valley View Blvd. The Arville park contains 40 units and the Valley View asset contains 24 units. Both properties are situated less than two miles from the Las Vegas Strip. The assets will be the last investments via CapRock Partners Fund II. JLL’s Rob Lujan represented CapRock in the transaction.
PALM COAST, FLA. — Berkadia has arranged the $25.5 million sale of Pine Lake Apartments, a 184-unit multifamily community located at 121 Pine Lakes Parkway North in Palm Coast, a city on Florida’s east coast about 25 miles south of St. Augustine. Built in 2005, the property features one-, two- and three-bedroom floor plans. Community amenities include a resort-style pool, poolside fire pit, hammock lounge, grilling areas, a fitness center, detached garages and a dog park. Pine Lake Apartments is adjacent to the Indian Trails Sports Complex and roughly five miles from the Atlantic Ocean. Cole Whitaker, Mary Beale, Jason Stanton and Greg Rainey of Berkadia represented the seller, Massachusetts-based Palm Coast Waterchase LLC, in the transaction. The buyer was Missouri-based Pine Lake Acquisitions LLC.