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The-Stayton-at-Museum-Way-Fort-Worth

FORT WORTH, Texas — Nonprofit senior living provider Buckner Retirement Services has acquired The Stayton at Museum Way in Fort Worth. The 11-story continuing care retirement community features 188 independent living units, 42 assisted living units, 20 memory care units and 46 skilled nursing units. The seller, Lifespace Communities, acquired The Stayton in 2019 and has operated it since that time. The anticipated closing date for the purchase is June 2024 but may occur as soon as late April, according to the buyer. 

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1200-Crown-Colony-Quincy

QUINCY, MASS. — Locally based investment firm FoxRock Properties has acquired 1200 Crown Colony, a 236,491-square-foot office building in Quincy, a southern suburb of Boston. The building is located within a larger development known as Crown Colony Office Park, which is situated adjacent to a public transit station and the I-93 and U.S. Route 3 interchange. Amenities include a newly renovated lobby, fitness center, exercise lawn, coffee bar and a full-service café. The seller and sales price were not disclosed.

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Copperfield-Apartments-Fort-Worth

FORT WORTH, TEXAS — Wisconsin-based investment firm MLG Capital has sold Copperfield Apartments, a 323-unit multifamily community located on the southwest side of Fort Worth. Copperfield Apartments offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor grilling and dining stations, business center, package lockers and onsite laundry facilities. MLG Capital purchased the property in 2019. The buyer, Dallas-based investment firm Rise48 Equity, plans to invest about $9 million in capital improvements and rebrand the property as Rise Spring Pointe.

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The-Burrow-at-Green-District-Marlborough

MARLBOROUGH, MASS. — A partnership between Boston-based private equity firm Rockpoint and Connecticut-based developer Post Road Residential has sold The Burrow at Green District, a 235-unit apartment community located in the western Boston suburb of Marlborough. The newly built complex sits on 10 acres and features one-, two- and three-bedroom units. Amenities include a pool, fitness center, coworking space, rooftop deck, podcasting room and access to 40 acres of trails and woodlands. The buyer and sales price were not disclosed.

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Northwest-Logistics-Center-Houston

HOUSTON — JLL has arranged the sale of Northwest Logistics Center, a 411,460-square-foot industrial facility in northwest Houston. The cross-dock building was constructed in 2018 and features 138 dock doors and 32-foot clear heights. Trent Agnew, Charlie Strauss, Parker McCormack, Tom Weber, Lance Young, Pauli Kerr, Matthew Barge and Brooke Petzold of JLL represented the undisclosed seller in the transaction and procured the buyer, New York City-based Sterling Investors.

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The-Great-290-Distribution-Center-Houston

HOUSTON — Dallas-based investment firm Sealy & Co. has acquired The Great 290 Distribution Center, a newly built, 500,840-square-foot industrial property located near the intersection of The Grand Parkway and I-290 in northwest Houston. Designed by Powers Brown Architecture and developed by Pagewood, The Great 290 Distribution Center occupies 41 acres within a 64-acre site, allowing tenants additional space for outdoor trailer parking or materials storage. The property was fully leased at the time of sale to HVAC systems provider Daikin Comfort Technologies. Trent Agnew and Charlie Strauss of JLL represented Pagewood in the transaction. Sealy & Co. was self-represented.

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615-Aviation-Road-Reading-Pennsylvania

READING, PA. — Cushman & Wakefield has brokered the sale of a 250,955-square-foot distribution center in Reading, about 60 miles northwest of Philadelphia. The property at 615 Aviation Road features 10,383 feet of office space, a clear height of 32 feet, 58 dock doors, 15 van dock doors and 10 drive-in doors. Chris Sheldon, Gerry Blinebury and Brendan McGeary of Cushman & Wakefield represented the developer and seller, SunCap Property Group, in the transaction. The buyer and sales price were not disclosed. At the time of sale, the property was fully leased to an undisclosed transportation and logistics company.

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WHITE PLAINS, N.Y. — CBRE has brokered the sale of 15 Bank Apartments, a 501-unit multifamily community located north of New York City in White Plains. Built in 2003, the transit-oriented community consists of two interconnected high-rise towers that house one- and two-bedroom units. Amenities include a fitness center, resident lounge, indoor pool, outdoor courtyards and a children’s playroom. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Daniel Blumenkrantz of CBRE brokered the deal. The buyer and seller were not disclosed.

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Northgate-One-Camden

CAMDEN, N.J. — Hudson Valley Property Group has purchased Northgate One, a 321-unit affordable housing building located in the Southern New Jersey city of Camden. The 21-story building was originally constructed in 1963, and the majority of the units are reserved for households earning 60 percent or less of the area median income. The new ownership plans to rehabilitate the property with infrastructural upgrades, mechanical system replacements and in-unit bathroom, kitchen and apartment safety improvements. The project is expected to last about two years and will be funded with a mix of federal and state tax credits as well as private capital, including a $40.7 million FHA loan originated by PGIM Real Estate.

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Collins-Crossing-Richardson

RICHARDSON, TEXAS — Newmark has arranged the sale of Collins Crossing, a 300,887-square-foot office building located along North Central Expressway in the northeastern Dallas suburb of Richardson. The 11-story building was constructed in 1999, according to LoopNet Inc. Amenities include a deli, fitness center and a conference center. Gary Carr, Robert Hill and Chris Murphy of Newmark represented the seller, Massachusetts-based Franklin Street Properties Corp., in the transaction. The buyer, a partnership between Goldenrod Cos. and Reserve Capital Partners, purchased the asset for an undisclosed price.  The sale included the building’s parking structure and an adjacent 3.6-acre parcel that can support mixed-use development. Collins Crossing was 85 percent leased at the time of sale.

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