WOODINVILLE, WASH. — Kidder Mathews has arranged the sale of Buildings C and D of Woodinville West Business Park, located at 16650 and 16750 Woodinville Redmond Road NE in Woodinville. A private investor acquired the assets from Woodinville West CD for $33.5 million. Buildings C and D are high-quality, concrete and steel-framed buildings totaling 122,750 square feet of industrial space. Zach Vall-Spinosa of Kidder Mathews represented the seller in the deal.
WESTPORT, CONN. — CBRE has brokered the $43 million sale of two waterfront office buildings totaling 94,647 square feet in Westport, located in Fairfield County. Jeffrey Dunne, Steven Bardsley, Jeremy Neuer, David Gavin and Stuart MacKenzie of CBRE represented the seller, a partnership between Baywater Properties and an investment fund advised by True North Management Group, in the transaction. The team also procured the buyer, The Feil Organization. Tenants at the buildings include Raymond James, Sterling Investment Partners and IXM Trading.
BONDURANT, IOWA — Avison Young’s capital markets group has brokered the sale of a 2.7 million-square-foot fulfillment center occupied by Amazon in Bondurant, a city northeast of Des Moines, for more than $325 million. The newly constructed, four-story property sits across the street from a 270,000-square-foot Amazon sortation facility. Jonathan Hipp, James Hanson and Richard Murphy of Avison Young represented the seller, Mesirow Realty Sale-Leaseback Inc. Earl Webb of 9th Green Advisors also advised Mesirow on the sale. Virginia-based Capital Square was the buyer.
LAWRENCEVILLE, GA. — RealSource Group has arranged the $9.4 million sale of a single-tenant property occupied by LA Fitness at Lawrenceville Town Center, a shopping center in the eastern Atlanta suburb of Lawrenceville. Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, New York-based DLC Management. The undisclosed buyer was a private investor based in Dallas. Built in 2020, the LA Fitness building spans 34,000 square feet. The property’s co-tenants include a Kroger supermarket and fuel station, H&R Block, O’Reilly Auto Parts, Verizon Wireless, Aaron’s, Rainbow Shops, Ameris Bank, Coast Dental, Burger King, Tidal Wave Auto Spa, Kumon and Lawrenceville Health Center. Located at 600 Gwinnett Drive, the property is positioned at the signalized intersection of Grayson Highway and Gwinnett Drive. The property is also situated 3.2 miles from Georgia Gwinnett College, 42.7 miles from downtown Atlanta and 42.6 miles from Hartsfield-Jackson Atlanta International Airport.
PHOENIX — Sares Regis Multifamily Value-Add Fund IV has acquired Arboretum at South Mountain, a multifamily property in the Ahwatukee Foothills Village region of Phoenix. Khosro Khaloghli sold the asset for $118.2 million, or $379,006 per unit. Built in 1999 on 12.5 acres, the 15-building property features 312 apartments with nine-foot ceilings, full-size washers/dryers and private balconies or patios. The community also offers a swimming pool and freestanding fitness center with pool views. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in transaction.
WHEELING, ILL. — SVN | Chicago Commercial has brokered the sale of a 50,000-square-foot industrial building in the Chicago suburb of Wheeling for an undisclosed price. The property is located at 111 E. Marquardt Drive. Dan Tobin of SVN represented the seller in the all-cash transaction. A local buyer purchased the building with plans to relocate its business to Wheeling from Elk Grove Village.
LAS VEGAS — Interwest Capital has completed the sale of The Lennox, a multifamily property located at 430 E. Cactus Road in Las Vegas’ Silverado Rancho submarket. An undisclosed buyer acquired the asset for $38.5 million, or $385,000 per unit. Taylor Sims, Carl Sims and Brady Cleary of Cushman & Wakefield’s Multifamily Advisory Group in Las Vegas represented the seller in the transaction. Constructed in 2015, The Lennox features 100 units in a mix of one-, two- and three-bedroom and penthouse floor plans. The community offers a fitness center, resident clubhouse, Wi-Fi lounges, resort-style pool and luxury home finishes.
VANCOUVER, WASH. — SB Real Estate Partners has acquired Bridge Creek Apartments, a garden-style multifamily community in Vancouver. An undisclosed seller sold the property, which will be rebranded as Portola Bridge Creek, for $75 million. The community is located at 9211 NE 15th Ave. within the Hazel Dell North area of Vancouver, about 14 miles north of Portland, Ore. Built in multiple phases from 1984 and 1989, the property features 270 apartments in a mix of one-, two- and three-bedroom floor plans ranging from 650 to 1,150 square feet. Community amenities include a swimming pool with poolside barbecue stations, a playground, dog parks, a fully automated Amazon package locker system and a 24-hour modern fitness center.
SAN ANTONIO — Newmark has brokered the sale of Maxwell Townhomes, a 316-unit apartment community in San Antonio. Built in 1982 on the north-central side of the city, Maxwell Townhomes features one-, two-, and three-bedroom units. Amenities include two pools, a fitness center, playground, putting green, sport court, dog park and a clubhouse. Patton Jones and Matt Michelson of Newmark represented the seller, Philadelphia-based Resource REIT Inc., in the transaction. The buyer, Orion Real Estate Partners, plans to further upgrade the unit interiors, building exteriors and common spaces.
WOBURN, MASS. — Newmark has brokered the $129 million sale of a two-building, 440,130-square-foot office campus in the northern Boston suburb of Woburn that is leased to defense contractor Raytheon. The campus includes research and development space, as well as a fitness center, full-service cafeteria, conference facilities and two parking garages. Robert Griffin, Edward Maher, Matthew Pullen, Samantha Hallowell and William Sleeper of Newmark represented the seller, Atlanta-based Piedmont Office Realty Trust, in the transaction. The team also procured the undisclosed buyer.
