REBusinessOnline

Cushman & Wakefield Arranges Sale of 464,722 SF Alamo Ranch Shopping Center in San Antonio

SAN ANTONIO — Cushman & Wakefield has arranged the sale of Alamo Ranch, a 464,722-square-foot retail power center in San Antonio. Tenants include Best Buy, Dick’s Sporting Goods, Ross Dress for Less, Marshalls, Michaels, Ulta Beauty, PetSmart and OfficeMax. In addition, Super Target, Lowe’s Home Improvement and J.C. Penney shadow-anchor the center. Margaret Jones, Lane Breedlove, Chris Harden and Kris Von Hohn of Cushman & Wakefield brokered the deal on behalf of the undisclosed …

HSA PrimeCare Acquires 16,513 SF Medical Office Building in Wauwatosa, Wisconsin

WAUWATOSA, WIS. — HSA PrimeCare, the healthcare real estate division of Chicago-based HSA Commercial Real Estate, has acquired a 16,513-square-foot medical office building in Wauwatosa near Milwaukee. Located at 3040 N. 117th St., the property is 95 percent occupied with approximately 825 square feet of leasable space. Tenants include Ascension Medical Group, which uses the location to provide a range of women’s health services, and Children’s Medical Group, which is owned by Children’s …

Marcus & Millichap Brokers Sale of Rio Vista Apartments in Metro Fort Worth

HALTOM CITY, TEXAS — Marcus & Millichap has brokered the sale of Rio Vista, a 246-unit apartment community located in the northeast Fort Worth suburb of Haltom City. Al Silva and Ford Braly of Marcus & Millichap represented the seller, Florida-based Greenwater Investments, and procured the buyer, an unnamed investment firm based in California. Built in 1968, Rio Vista’s apartments feature one- and two-bedroom floor plans that range in size between 684 and 1,016 square feet, …

JLL Brokers Sale of 47,915 SF Industrial Property in Malden, Massachusetts

MALDEN, MASS. — JLL has brokered the sale of a 47,915-square-foot light industrial property in Malden, located north of Boston. Originally built in 1958, the facility was fully leased at the time of sale to Enjet Aero, a provider of custom turbine and jet engine components.  JLL represented the seller, Eastern Real Estate, in the transaction. Michael Restivo and Jonathon Schneider of JLL arranged a five-year, fixed-rate acquisition loan through Middlesex Savings Bank on behalf of the buyer, …

Stan Johnson Co. Brokers Sale of 81,185 SF Summit Orchards Shopping Center Near Kansas City

LEE’S SUMMIT, MO. — Stan Johnson Co. has brokered the sale of Summit Orchards Shopping Center in Lee’s Summit near Kansas City. The sales price was undisclosed. The newly built property, which spans 81,185 square feet, was fully leased at the time of sale to tenants such as Aldi, HomeGoods, Ross Dress for Less and Five Below. Margaret Caldwell, Patrick Kelley, Jason Powell and Max Van Dresser of Stan Johnson represented the seller, Townsend Summit, an affiliate of Townsend Capital, which …

Gemdale USA Sells Madison at Town Center Apartment Complex in Valencia, California for $62M

VALENCIA, CALIF. — Gemdale USA has completed the disposition of The Madison at Town Center, a multifamily property in Valencia. Fairfield Residential acquired the asset for $62 million, or $476,923 per unit.Built in 2003, The Madison at Town Center features 130 apartments, a heated swimming pool, fitness center, internet café and 24-hour maintenance concierge. The property offers 16 different floor plans, ranging from one- to three-bedrooms, with in-unit washers and dryers, walk-in …

Oxford Properties Group Acquires Industrial Park in Metro LA for $133.5M

SANTA CLARITA, CALIF. — Oxford Properties Group, a real estate investment and management firm based in Toronto, has purchased Santa Clarita Innovation Park, a 14-building campus situated on 118.5 acres in the Los Angeles suburb of Santa Clarita.Funds managed by Oaktree Capital Management and Intertex Cos. sold the property, which was formerly known as Mann Biomedical Park, for $133.5 million.The acquisition of Santa Clarita Innovation Park falls in line with Oxford’s investment …

JLL Brokers $114M Sale of 1.5 MSF Distribution Center in Metro Indianapolis

FRANKFORT, IND. — JLL Capital Markets has brokered the sale of a 1.5 million-square-foot distribution center in the Indianapolis-area community of Frankfort for $114 million. The facility was completed in 2015 as a build-to-suit for food and beverage maker ConAgra Brands, which fully occupies the property. Building features include a clear height of 34 feet, 125 dock-high doors, four drive-in doors, 853 trailer parking stalls and 10 rail docks serviced by CXS and Norfolk Southern. John …

Westside Capital Purchases Campo Felice Apartment Tower in Downtown Fort Myers for $55M

FORT MYERS, FLA. — Westside Capital Group, a Miami-based real estate investment holding firm, has purchased Campo Felice, a 24-story residential tower located in downtown Fort Myers. Westside Capital acquired Campo Felice for $55 million, or $170,000 per unit.Campo Felice was originally built as a Sheraton hotel in 1986. In 2015, The MacFarlane Group acquired and redeveloped the property into a seniors housing community. As the new owners, Westside Capital intends to invest up to $5 …

Partners Group, Accesso Sell 505,948 SF Royal Ridge Office Campus in Irving’s Las Colinas District

IRVING, TEXAS — Switzerland-based global investment firm Partners Group and Florida-based Accesso have sold Royal Ridge, a 505,948-square-foot office campus in Irving’s Las Colinas district, for an undisclosed price. Royal Ridge is a four-building campus that was constructed between 1998 and 2000. Tenants at the property, which has averaged a historical occupancy rate of about 94 percent during its life span, include Michaels and Honda. Todd Savage and Andrew Levy of JLL represented the …

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