BOSTON — Newmark Knight Frank (NKF) has negotiated the $69.2 million sale of 100 Franklin Street, a 123,950-square-foot office building in downtown Boston. At the time of sale, the nine-story building was 95 percent leased to 25 tenants including Webster Bank, data research company Lux Research Inc. and the YMCA. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble and Samantha Hallowell of NKF represented the seller, a partnership between Clarion Partners LLC and Synergy Investments. A partnership between Independencia Asset Management LLC and Synergy Investments LLC was the buyer. Boston Business Journal reports that Synergy will remain in its 9,034-square-foot office within the building and will continue to manage the property.
CANTON, MASS. — Colliers International has arranged the $12.3 million sale of Foxford Business Center, a 112,375-square-foot industrial building in Canton, located approximately 15 miles south of Boston. Foxford Business Center was completed in 1984 and underwent subsequent renovations in 1990 and 1995. The building was fully leased to 13 tenants at the time of sale. Caleb Hudak, Cathy Minnerly, Ovar Osvold, Sean Hannigan and Glenne Bachman of Colliers represented the seller, The Naughton Co., in the transaction. Longpoint Realty Partners was the buyer.
LONG ISLAND, N.Y. — NAI Long Island has brokered the 1.6 million sale of a 10,000-square-foot industrial building in the Huntington Station neighborhood on Long Island. The single-tenant manufacturing facility was completed in 1966 and offers 14-foot clear ceiling heights, one dock-high door and two drive in doors. Gary Pezza of NAI Long Island represented the seller, 55 Craven Realty LLC, in the transaction. Alberto Fiorini of Alliance Real Estate Corp. represented the buyer, Giambrone Realty LLC.
ALISO VIEJO, CALIF. — San Francisco-based Drawbridge Realty has purchased two office buildings in Aliso Viejo for an undisclosed price. Known as 4 and 5 Polaris, the assets serve as the corporate headquarters for Quest Software and UST Global, respectively. Located at 4 and 5 Polaris Way, the four-story 4 Polaris and three-story 5 Polaris buildings offer a total of 169,315 square feet. Anthony Delorenzo, Todd Tydlaska, Sean Sullivan, Michael Longo and Bob Smith of CBRE represented the undisclosed seller in the transaction.
CHICAGO — Greystar has acquired 30 East, a 388-bed student housing community located in Chicago’s South Loop neighborhood. Columbia College Chicago holds a 10-year, 340-bed master lease at the community. The remaining 48 beds are open to students at any of the more than 20 colleges and universities located within two miles of the property. The 17-story community offers studio, one-, two-, three- and four-bedroom units. Shared amenities include a third-floor terrace and dog park, state-of-the-art fitness center and a sky lounge. The purchase price and seller were not provided, but Crain’s Chicago Business reports that Philadelphia-based Gilbane Development sold the asset for $60 million.
SAN MATEO, CALIF. — Meridian has closed escrow on the acquisition of a six-story office building located at 1300 S. El Camino Real in San Mateo. DivcoWest sold the asset for an undisclosed price. Situated near downtown San Mateo, the 100,000-square-foot property was 72 percent occupied at the time of sale. Current tenants include Charles Schwab, LendingTree and the Silicon Valley Community Foundation. The property was built in 1987. Tyler Meyerdirk of Newmark Knight Frank’s San Francisco office represented the buyer and seller in the deal.
AUSTIN, TEXAS — High Street Residential, the multifamily development arm of Trammell Crow Co., and Principal Real Estate Investors have sold Crestview Commons, a 353-unit apartment community in Austin. The property features one-, two- and three-bedroom units ranging in size from 642 to 1,405 square feet. Amenities include a pool, outdoor grilling areas, multiple courtyard spaces, a fitness center, entertainment kitchen and a resident lounge. Charles Cirar, Michael Wardlaw and Colin Cannata of CBRE brokered the deal on behalf of the sellers. The buyer was Verbena Road Holdings.
LANGHORNE, PA. — Colliers International has brokered the sale of One Summit Square, a 67,219-square-foot office building in Langhorne, a western suburb of Trenton. The building is leased by tenants including Comcast, electronics company Ricoh and U.S. Congressman Brian Fitzpatrick. The buyer, an affiliate of Phoenix Nexus Enterprises, will relocate its headquarters to an approximately 13,000-square-foot space at the property. Matthew Shanahan and Carl Neilson of Colliers represented the buyer as well as the seller, Country Life Insurance Co., in the transaction.
STURTEVANT, WIS. — Newmark Knight Frank (NKF) has arranged the sale of a 350,274-square-foot industrial property located at 7601 Durand Ave. in Sturtevant. Neither the sales price nor the buyer were disclosed. Michael Prost, Sergio Chapa and Corey Chase of NKF represented the seller, Venture One Real Estate. NKF represented Venture One in January 2018 when the company acquired the property. Since then, Venture One implemented improvements such as a new roof, parking lot, lighting, façade and offices. The building features 24,000 square feet of office space and 30 dock doors.
MESA, ARIZ. — CBRE has brokered the sale of Avia 266, a multifamily property located at 2354 W. University Drive in Mesa. Seattle-based Thayer Manca Residential sold the property to Beverly Hills, Calif.-based Geringer Capital for $45.2 million. Avia 266 features two swimming pools, a 24-hour fitness facility, resident clubhouse, an outdoor gaming space with a bocce ball court, parcel pending locker for resident packages and a dog park. The property features 266 one- and two-bedroom units with well-appointed kitchens, walk-in closets, full-size washers/dryers and private patios or balconies. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE’s Phoenix Multifamily Institutional Properties represented the seller in the deal.