sale2

Stan Johnson Co. Brokers $8.2M Sale of Medical Office Building in Metro Charleston

by Julia Sanders April 26, 2022

HANAHAN, S.C. — Stan Johnson Co. has brokered the $8.2 million sale of a 15,030-square-foot healthcare facility in Hanahan leased to Coastal Kids Dental and Braces. Jeff Enck and Teresa Lovely of Stan Johnson Co. represented the seller, a locally based private investor. The asset was purchased by a group of 1031 exchange investors from California. Built in 2017, the flagship location houses the tenant’s dental and orthodontic practice, as well as its office support and executive staff. Located at 996 Tanner Ford Blvd. on 1.5 acres, the two-story property is situated 15.1 miles from Charleston and 7.9 miles from Charleston International Airport.

April 26, 2022

Acquisitions Retail Texas

Stan Johnson Co. Arranges $25M Sale of Metro Dallas Shopping Center

by Taylor Williams April 26, 2022

CARROLLTON, TEXAS — Stan Johnson Co. has arranged the $25 million sale of Northcrest Village, a 136,061-square-foot shopping center in the northern Dallas metro of Carrollton. Anchored by German discount grocer Aldi and Ace Hardware, Northcrest Village was 85 percent leased at the time of sale. Other tenants include Subway, O’Reilly Auto Parts, The UPS Store, Little Caesars Pizza and State Farm Insurance. Margaret Caldwell, Patrick Kelley and Gill Warner of Stan Johnson Co. represented the seller, an Oklahoma-based developer, in the transaction. A Texas-based private investor purchased the asset via a 1031 exchange. Both parties involved in the deal requested anonymity.

April 26, 2022

Acquisitions Michigan Midwest Office

Colliers Arranges Sale of 60,362 SF Office Building in Ann Arbor, Michigan

by Kristin Harlow April 26, 2022

ANN ARBOR, MICH. — Colliers Detroit has arranged the sale of a 60,362-square-foot office building located at 5220 S. State St. in Ann Arbor. The sales price was undisclosed. Jim Chaconas and Joey Gatliff of Colliers represented the seller. The buyer, New Eagle LLC, provides specialized engineering services focusing on mechatronic control systems.

April 26, 2022

Acquisitions Florida Industrial Southeast

Stan Johnson Co. Arranges $7.1M Sale of Infill Industrial Facility in West Palm Beach

by Julia Sanders April 25, 2022

WEST PALM BEACH, FLA. — Stan Johnson Co. has arranged the $7.1 million sale of an infill industrial outdoor storage facility located at 3945 Fiscal Court in West Palm Beach. Brandon Duff and Mack Wolfgram of Stan Johnson Co. brokered the transaction between the seller, an individual investor based in Fort Lauderdale, and the buyer, a private investment and development company based in Philadelphia. Built in 1990, the property features a 14,000-square-foot concrete building situated on a 3.6-acre site. The asset includes an improved industrial yard that is fully paved with lighting and perimeter fencing. The property is fully leased to United Site Services on a triple-net basis. Additionally, with direct frontage on Interstate 95, the property is positioned in an industrial corridor that includes other national tenants such as ABC Supply Co., Herc Rentals, SiteOne Landscape Supply, Builders FirstSource, Allied Trailers and Enterprise Truck Rental.

April 25, 2022

Acquisitions California Industrial Western

BentallGreenOak Buys 614,020 SF Industrial Portfolio in Metro San Diego

by Amy Works April 25, 2022

CARLSBAD, VISTA AND SAN MARCOS, CALIF. — BentallGreenOak has acquired a 614,020-square-foot industrial portfolio consisting of seven manufacturing and distribution buildings in the northern suburbs of San Diego. The name of the seller and acquisition price were not released. The portfolio includes: Vista Distribution Center, a three-building property at 1205, 1211-1215 and 1225 Park Center Drive in Vista 2710 Progress St. in Vista 1880 Diamond St. and 120 Mata Way in San Marcos 2281 Las Palmas Drive in Carlsbad At the time of sale, the portfolio was 100 percent leased. Jeffrey Cole, Aric Starck, Jeff Chiate, Mike Adey, Ed Hernandez and Drew Dodds of Cushman & Wakefield’s Southern California Capital Markets team represented the seller in the deal.

April 25, 2022

Acquisitions Multifamily Texas

Newmark Negotiates Sale of 712-Unit Multifamily Portfolio in North Dallas

by Taylor Williams April 25, 2022

DALLAS — Newmark has negotiated the sale of a portfolio of two multifamily properties totaling 712 units in North Dallas. Allure is a 364-unit community that was built in 1998 and offers one- and two-bedroom units with an average size of 850 square feet. Essence is a 348-unit development that was originally constructed in 1996 and also houses one- and two-bedroom units with an average size of 869 square feet. Both properties offer amenities such as pools, fitness centers, game and lounge areas, business centers and indoor and outdoor sport courts. Utah-based Bridge Investment Group purchased the portfolio from Southern California-based Archway Equities for an undisclosed price. Richard Furr, Brian Murphy, Brian O’Boyle, Jr. and Jakob Andersen of Newmark represented both parties in the transaction.

April 25, 2022

Acquisitions Michigan Midwest Retail

Colliers Brokers Sale of 6,885 SF Commercial Building in Flint, Michigan

by Kristin Harlow April 25, 2022

FLINT, MICH. — The Jonna Group of Colliers has brokered the sale of a 6,885-square-foot commercial building in Flint for an undisclosed price. The property, built in 2019, is located at 5009 Miller Road. Tenants at the fully leased building include U.S. Army & Navy Career Center, Jersey Mike’s and Smoothie King. Simon Jonna of Colliers represented the seller, a Michigan-based private developer. The buyer was not disclosed.

April 25, 2022

Acquisitions Multifamily Texas

Berkadia Negotiates Sale of 401-Unit Broadstone Memorial Apartments in Houston

by Taylor Williams April 22, 2022

HOUSTON — Berkadia has negotiated the sale of Broadstone Memorial, a 401-unit apartment community in Houston’s Energy Corridor area. Built in 2007, Broadstone Memorial offers one-, two- and three-bedroom apartments ranging in size from 628 to 1,766 square feet. Units feature granite or quartz countertops, walk-in closets and full-sized washer and dryers. Amenities include a pool, clubhouse, coffee bar, business center, game room, spin room, outdoor grilling stations, a dog park and package lockers. Todd Marix, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel and Kyle Whitney of Berkadia represented the seller, Boston-based AEW Capital Management, in the transaction. Andy Hill and Tyler Nowlin of Berkadia arranged acquisition financing through an international bank on behalf of the buyer, South Florida-based Atlantic | Pacific Cos.

April 22, 2022

Acquisitions Connecticut Northeast Retail

FNRP Acquires 163,500 SF Sand Hill Plaza Shopping Center in Newtown, Connecticut

by Taylor Williams April 22, 2022

NEWTOWN, CONN. — New Jersey-based investment firm First National Realty Partners (FNRP) has acquired Sand Hill Plaza, a 163,500-square-foot shopping center located in the southern Connecticut community of Newtown. A 61,450-square-foot Stop & Shop grocery store anchors the center, which originally opened in 1990 and also houses tenants such as T.J. Maxx, Mattress Firm, Verizon, Great Clips and Quest Diagnostics. Justin Smith and Chris Peterson of Atlantic Capital Partners represented the undisclosed seller in the transaction.

April 22, 2022

Acquisitions Illinois Midwest Retail

Mid-America Brokers Sale of Two Shopping Centers in Suburban Chicago Totaling 732,212 SF

by Kristin Harlow April 22, 2022

NORTH RIVERSIDE AND ELMHURST, ILL. — Mid-America Real Estate Corp. has brokered the sale of two shopping centers in suburban Chicago for an undisclosed price. North Riverside Plaza is a 384,707-square-foot regional shopping center in North Riverside. Tenants include Kohl’s, Burlington, Best Buy, Petco, Michaels and a new grocery store that is currently under construction. Elmhurst Crossing is a 347,505-square-foot, grocery-anchored shopping center in Elmhurst. Major tenants include Whole Foods Market, Kohl’s, At Home and Petco. Ben Wineman and Kathryn Sugrue of Mid-America represented the longtime owner and seller, Canada-based Federal Construction. Brixmor Property Group was the buyer.

April 22, 2022

Newer Posts

Older Posts