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Taurus Investment Holdings Buys Six Dallas-Area Industrial Buildings Totaling 589,837 SF

by Taylor Williams August 22, 2023

BOSTON — Boston-based investment firm Taurus Investment Holdings has purchased six industrial buildings totaling 589,837 square feet that are located throughout the greater Dallas area. Taurus acquired the buildings, the specific addresses of which were not disclosed, as part of a portfolio sale that also includes six buildings in the Atlanta area totaling 334,863 square feet. The portfolio, which has an average building size of 77,000 square feet, was 99 percent leased to 32 tenants at the time of sale. The seller and sales price were not disclosed.

August 22, 2023

Acquisitions Multifamily Texas

Milestone Group Acquires 228-Unit Archer Stone Canyon Apartments in San Antonio

by Taylor Williams August 18, 2023

SAN ANTONIO — The Milestone Group, an investment firm with offices in Dallas, Atlanta and South Florida, has acquired Archer Stone Canyon Apartments, a 228-unit multifamily complex in San Antonio. According to Apartments.com, the property was built in 2005 and offers one-, two- and three- bedroom units that range in size from 796 to 1,630 square feet. Amenities include a pool, fitness center, resident clubhouse and a playground. The seller and sales price were not disclosed. Milestone Group plans to implement a value-add program.

August 18, 2023

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Acquisitions Connecticut Northeast Office

CBRE Brokers Sale of 225,551 SF Office Campus in Farmington, Connecticut

by Taylor Williams August 17, 2023

FARMINGTON, CONN. — CBRE has brokered the sale of Pond View Corporate Center, a two-building, 225,551-square-foot office campus in Farmington, located west of Hartford. The sales price was $29.7 million. Jeffrey Dunne, Steven Bardsley, Travis Langer, Daniel Blumenkrantz and John McCormick of CBRE represented the seller, an affiliate of Sovereign Partners, in the transaction. CBRE also procured the buyer, an undisclosed family office. Pond View Corporate Center was 92 percent leased at the time of sale.

August 17, 2023

Acquisitions Multifamily Texas

Bridgeview Acquires 214-Unit Apartment Complex in Dallas Design District

by Taylor Williams August 16, 2023

DALLAS — Dallas-based investment firm Bridgeview has acquired The Dunhill, a 214-unit apartment complex in the Dallas Design District. Built in 2010, The Dunhill features studio, one- and two-bedroom units that range in size from 665 to 1,671 square feet. Amenities include a pool, resident clubhouse, fitness center, business center, outdoor picnic areas, amphitheater and a dog park. Bridgeview, which acquired the property via a Delaware Statutory Trust, plans to implement a value-add program and rebrand the property as The Adelphi. The seller was not disclosed.

August 16, 2023

Acquisitions Industrial Texas

Westcore Acquires 519,905 SF Industrial Property in North Fort Worth

by Taylor Williams August 15, 2023

FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired Railhead Business Station, a four-building, 519,905-square-foot industrial property in North Fort Worth. The property, which was built in phases between 2000 and 2007 within the 366-acre Railhead Industrial Park, was fully leased to 11 tenants at the time of sale. Seth Koschak, Matteson Hamilton, Forrest Cook, Jeff Rein, Lee Belland III, Trey Mahla and Haili Rumsey of Stream Realty Partners represented the undisclosed seller in the transaction. Westcore was self-represented. The sales price was not disclosed.

August 15, 2023

Acquisitions Retail Texas

JLL Brokers Sale of 261,730 SF Eastchase Market Shopping Center in Fort Worth

by Taylor Williams August 10, 2023

FORT WORTH, TEXAS — JLL has brokered the sale of Eastchase Market, a 261,730-square-foot shopping center in Fort Worth. Built in 1995, the center was 92 percent leased at the time of sale to tenants such as AMC Theatres, Ross Dress for Less, Spec’s Wine, Spirits & Finer Foods, Big Lots, Harbor Freight Tools and Marshalls. Adam Howells, Barry Brown and Cole Sutter of JLL represented the undisclosed seller in the transaction. The buyer was also not disclosed.

August 10, 2023

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Acquisitions Massachusetts Multifamily Northeast

Pacific Urban Acquires 222-Unit Apartment Complex in Metro Boston

by Taylor Williams August 3, 2023

MEDFORD, MASS. — Pacific Urban Investors, a California-based owner-operator, has acquired The Residences at River’s Edge, a 222-unit apartment complex located in the northern Boston metro of Medford. Built in 2009, the property offers studio, one-, two- and three-bedroom floor plans. Onsite amenities include a pool, fitness center and outdoor grilling and dining stations, and the property is also situated adjacent to a 10-acre riverfront park. The seller and sales price were not disclosed.

August 3, 2023

Acquisitions Retail Texas

Edens, CBRE Investment Management Buy 425,612 SF Retail Power Center in Irving

by Taylor Williams August 2, 2023

IRVING, TEXAS — A joint venture between shopping center owner-operator Edens and CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot retail power center in Irving. Target, Kroger, Office Depot, T.J. Maxx, Michaels, Ross Dress for Less and Ulta Beauty serve as the anchor tenants at the center, which was built in 2001 and is located at the intersection of I-635 and the George Bush Turnpike. The seller and sales price were not disclosed.

August 2, 2023

Eleven-West-Luxury-Apartments-San-Antonio

Acquisitions Multifamily Texas

RightQuest Residential Sells 264-Unit Apartment Community in West San Antonio

by Taylor Williams August 2, 2023

SAN ANTONIO — Dallas-based developer RightQuest Residential has sold Eleven West Luxury Apartments, a 264-unit multifamily community that is located on a 13-acre site on the west side of San Antonio. Designed by Cross Architects and built by Houston-based Nations Construction, the newly constructed property offers one- and two-bedroom units that are furnished with granite countertops, walk-in closets and individual washers and dryers. Private balconies/patios are available in select residences. Amenities include a pool, fitness center, business center, clubhouse, dog park and onsite storage facilities. CBRE brokered the sale on behalf of RightQuest Residential. The buyer and sales price were not disclosed.

August 2, 2023

Acquisitions Multifamily New York Northeast

JLL Arranges $97.5M Sale of Brooklyn Apartment Building

by Taylor Williams August 2, 2023

NEW YORK CITY — JLL has arranged the $97.5 million sale of 8 Marcy Ave., a 123-unit apartment building located in the Williamsburg area of Brooklyn. Delivered in January, the eight-story building houses studio, one- and two-bedroom units, with 37 residences reserved as affordable housing. Income restrictions for these units were not disclosed. A joint venture between The Carlyle Group and Z+G Property Group purchased the asset from Prospect Development. Ethan Stanton, Jeffrey Julien, Brendan Maddigan, Stephen Palmese, Rob Hinckley, Michael Mazzara, Winfield Clifford, Steven Rutman and Jay Leshinsky of JLL brokered the transaction. Steven Klein, Geoff Goldstein and Christopher Pratt, also with JLL, arranged $73.6 million in acquisition financing through Invesco Real Estate for the deal.

August 2, 2023

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