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Tempus Realty Partners Buys Warner Crossing Office Complex in Tempe, Arizona

by Amy Works October 27, 2021

TEMPE, ARIZ. — Little Rock, Ark.-based Tempus Realty Partners has purchased an office complex located at 8312 S. Hardy Drive in Tempe. Woodland Hills, Calif.-based Younan Properties sold the asset for an undisclosed price. Built in 2000, the two single-level office buildings offer a total of 138,180 square feet of space. Three investment-grade tenants occupy the asset. Isaac Smith of Colliers in Arkansas represented the buyer, while Mindy Korth of Colliers in Arizona represented the seller in the transaction.

October 27, 2021

Acquisitions California Healthcare Office Western

GPI Cos. Sells Medical Office Building in North Hollywood in Off-Market Transaction

by Amy Works October 27, 2021

LOS ANGELES — GPI Cos. has completed the disposition of a medical office building located in Los Angeles’ North Hollywood neighborhood. Principal Real Estate Investors acquired the asset for an undisclosed price in an off-market transaction. Located at 4343 Lankershim Blvd., the three-story property features 32,418 square feet of medical office space. The property is fully leased to a local health institution and offers pain medicine and digestive disease services. Andrew Milne, Evan Kovac and Matt DiCesare of JLL Healthcare Capital Markets, along with Bryan Lewitt of JLL’s Los Angeles Healthcare Markets, represented the seller in the deal.

October 27, 2021

Acquisitions Industrial Mississippi Southeast

JLL Arranges Sale of 156,825 SF Distribution Facility in Metro Memphis

by Julia Sanders October 26, 2021

SOUTHAVEN, MISS. — JLL Capital Markets has arranged the sale of Southaven Distribution Center I, a fully leased, 156,825-square-foot, Class A distribution facility in Southaven, a Memphis suburb situated on the Tennessee-Mississippi border. Completed in 2020, Southaven Distribution Center I features tilt-wall construction, 32-foot clear heights, 28 loading positions, ESFR fire protection and office space. The property was fully leased to three tenants at the time of sale. Dennis Mitchell, Matt Wirth, Britton Burdette, Mitchell Townsend and Jack Wohrman of JLL represented the seller, Distribution Realty Group, which has offices in Chicago and Nashville. Newport Beach, Calif.-based Bixby Land Co. acquired the property for an undisclosed price. Located on 8.7 acres at 8921 Airways Blvd., Southaven Distribution Center I is situated just off Interstate 55 near Memphis International Airport.

October 26, 2021

Acquisitions Midwest Ohio Retail

Hanley Investment Group Arranges Sale of Two-Tenant Retail Property in Columbus

by Kristin Harlow October 26, 2021

COLUMBUS, OHIO — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail property spanning 118,161 square feet in Columbus for an undisclosed price. The property, located within the Mill Run Square shopping center, is home to Floor & Décor and Arhaus. Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, an affiliate of Atlanta-based RCG Ventures. Mark Luttner of Luttner Passov Investment Group represented the buyer, an Ohio-based private investor.

October 26, 2021

Acquisitions California Industrial Western

Brookfield Properties Buys 255,000 SF Industrial Building in La Mirada, California

by Amy Works October 26, 2021

LA MIRADA, CALIF. — Brookfield Properties has purchased an industrial property located at 14555 Alondra Blvd. in La Mirada. Interstate 5 Firestone sold the asset for an undisclosed price. Originally built in 1969 and completed in 2016, the 255,000-square-foot property features more than 11,000 square feet of office space, substantial storage facilities, 22-foot clear heights, a concrete-fenced yard and oversized truck doors. The property also features an on-site truck washdown and a full-service mechanics building. Chuck Wilson of Colliers represented the seller and buyer, which acquired the property as a leased investment, in the transaction.

October 26, 2021

Acquisitions Industrial Northeast Pennsylvania Self-Storage

Rosewood Property Acquires 342-Unit Self-Storage Facility in Harrisburg

by Taylor Williams October 26, 2021

HARRISBURG, PA. — Dallas-based investment firm Rosewood Property Co. has acquired a 342-unit self-storage facility at 5700 Linglestown Road in Harrisburg. The property, which spans 35,430 net rentable square feet of primarily climate-controlled space, was converted from a warehouse into a self-storage facility in 2019. The seller and sales price were not disclosed.

October 26, 2021

Acquisitions Florida Industrial Southeast

Coke Florida Purchases 407,000 SF Warehouse in Suburban Orlando

by Julia Sanders October 25, 2021

WINTER HAVEN, FLA. — Tampa-based Coca-Cola Beverages Florida LLC (Coke Florida) has purchased a 407,000-square-foot warehouse within Central Intermodal Logistics Center, an industrial park in Winter Haven. The sales price was $19.6 million, according to the Tampa Bay Business Journal. The seller was not disclosed. The purchase includes 37 acres of land. Coke Florida’s new warehouse is still under construction. The more than $30 million buildout of the new location is expected to conclude in the spring of 2022. The location is home to more than 200 associates, and the company expects to add over 100 additional jobs in the next 12 months. Coke Florida offers jobs in sales, merchandising, warehousing and distribution, and the company currently has openings for drivers, warehouse associates and sales merchandisers.

October 25, 2021

Acquisitions Industrial Self-Storage Texas

NAI Partners Brokers Sale of 622-Unit Self-Storage Facility in West Houston

by Taylor Williams October 25, 2021

HOUSTON — NAI Partners has brokered the sale of Sunny’s Self Storage, a 622-unit facility located at 1555 W. Grand Parkway N. in West Houston. The facility sits on a 2.5-acre site and spans 93,455 net rentable square feet. Ryan DeGennaro of NAI Partners represented the seller, Hetsun Partners, in the transaction. DeGennaro also assisted the buyer, an undisclosed regional investment firm, in closing the deal.

October 25, 2021

Acquisitions Illinois Midwest Multifamily

Becovic Purchases Chicago Apartment Building for $7.2M

by Kristin Harlow October 25, 2021

CHICAGO — Becovic, a Chicago-based multifamily owner and operator, has acquired The Fleetwood in Chicago’s Edgewater Beach neighborhood for $7.2 million. The 59-unit apartment building is located at 6026 N. Winthrop Ave. Originally built in 1929, The Fleetwood rises eight stories with 21 studios, 37 one-bedroom units and one two-bedroom unit. The seller, an owner and operator of several apartments in the area, owned the property for almost 40 years.

October 25, 2021

Acquisitions Connecticut Industrial Northeast

Wharton Industrial, Long Wharf Acquire 279,256 SF Warehouse in East Windsor, Connecticut

by Taylor Williams October 25, 2021

EAST WINDSOR, CONN. — A joint venture between Wharton Industrial, an investment arm of New York City-based Wharton Equity Partners, and Boston-based Long Wharf Capital has acquired a 279,256-square-foot warehouse in Connecticut. The property, which is located in East Windsor, a northern suburb of Hartford, was built on 40 acres in 1979. Building features include a clear height of 18 to 20 feet, over 300 parking spaces and 5,000 square feet of designated office space. Chris Metcalfe and Jack Reed of CBRE brokered the deal and will also handle leasing of the property on behalf of the new ownership, which will implement a capital improvement program.

October 25, 2021

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