BEND, ORE. — Cushman & Wakefield has arranged the sale of The Alexander Bend, a 136-unit independent living community in Bend. Opened in late 2019 and representing the city of Bend’s newest independent living offering in over 10 years, The Alexander Bend features 3.1 acres of adjacent land. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker and Bailey Nygard represented the seller, BPM Real Estate Group, in the transaction. The buyer was Touchmark, which renamed the community Touchmark at Pilot Butte and will operate it alongside Touchmark at Mount Bachelor Village on the west side of Bend. The price was $57.8 million.
AUSTIN, TEXAS — Los Angeles-based investment firm CIM Group has sold Hartland Plaza, a 184,128-square-foot office building in downtown Austin. The building was constructed in 1984 on a 3.4-acre site that includes a four-story parking garage. CIM Group also implemented a capital improvement program at Hartland Plaza between 2017 and 2019. Amenities include a fitness center, lounge, conference facilities, salon and an onsite restaurant. The buyer and sales price were not disclosed. JLL represented CIM Group in the transaction and arranged acquisition financing on behalf of the undisclosed buyer.
MESA, ARIZ. — Phoenix Commercial Advisors has arranged the sale of Mesa Gateway, a three-building retail property at the southeast corner of Power and Ray roads in Mesa. The property traded for $11.8 million, or $371 per square foot. Totaling 31,824 square feet, the three buildings were fully leased to a mix of national and local tenants, including Verizon, Comerica, Jimmy John’s Sandwiches, Fit Body Boot Camp and Boba CuTea. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the transaction. The name of the buyer was not released.
COMMERCE CITY, COLO. — Industrial Outdoor Ventures (IOV) has completed the disposition of an 11.9-acre Industrial Service Facility (ISF), which is a property that is used to store, maintain or dispatch vehicles, equipment or bulk materials. The sale also included a flex building at 8780 E. 93rd Place in Commerce City. The buyer and price were not disclosed. Completed in September 2022, the 52,500-square-foot Class A maintenance and repair facility features 4,200 square feet of office space and can accommodate a single user or multiple tenants. The shop area features two wash bays and 18 drive-through service bays, as well as sealed concrete floors and trench drains. Additionally, the property includes a fully fenced and secured yard for parking and storage, LED lighting and extensive landscaping. Mike Wafer, Mike Wafer Jr. and Mike Viehmann of Newmark represented IOV, while James McGill and Chris Schultz of JLL represented the buyer in the transaction.
MILFORD, CONN. — Pennsylvania-based investment firm Merion Realty Partners has purchased Halstead Milford, a 246-unit apartment community located in southern coastal Connecticut. Virginia-based REIT AvalonBay Communities originally developed the three-story, garden-style property in 2004. Amenities at Halstead Milford include a pool, fitness center, coworking space, game room, outdoor grilling and dining areas and a leasing office. Simon Butler, Biria St. John, Jeff Dunne, John McLaughlin, Eric Apfel, Stuart MacKenzie and Brian Bowler of CBRE represented the seller, an affiliate of The DSF Group, in the transaction. The team also procured Merion Realty Partners as the buyer. The sales price was not disclosed.
IRVINGTON, N.Y. — Marcus & Millichap has brokered the $23.5 million sale of Astor Buck Campus, a 138,000-square-foot office complex in Irvington, about 20 miles north of Manhattan. The three-building property was originally built along the Hudson River in 1895. At the time of sale, Astor Buck Campus was 91 percent leased to 26 tenants in industries such as fashion and design, communications, food service and hydroponic farming. Alan Cafiero, Mark Gjonbalaj and Matt Leszyk of Marcus & Millichap represented the seller, an entity doing business as Stanford Bridge LLC, in the transaction. The team also procured the buyer, Carvi Properties Inc.
HUNTERSVILLE, N.C. — Terwilliger Pappas plans to break ground this September on Solis Birkdale, a 210-unit apartment community in the Charlotte suburb of Huntersville. The property will serve as the multifamily component of Birkdale Place, a mixed-use development by Gustafson Partners that will also feature a 140-room hotel and conference center and 45,000 square feet of shops and restaurants. Terwilliger Pappas plans to complete Solis Birkdale in the second quarter of 2025. The property will have studio, one- and two-bedroom apartments and townhomes, as well as a resort-style pool, fitness center with yoga studio, coworking offices, game and lounge areas and a pet spa. The project team includes general contractor Clancy & Theys, architectural firm BB+M and landscape architect and civil engineer Bolton & Menck. Also in the Carolinas, Terwilliger Pappas recently sold Solis Nexton in the Charleston suburb of Summerville, S.C., to Boston-based West Shore. The sales price was not disclosed.
BIRMINGHAM, ALA. — A joint venture between Coro Realty and H2RE Capital has purchased Airport Highway Park, a 319,413-square-foot industrial campus in Birmingham. The sales price and seller were not disclosed. The seven-building park is situated along Messer Airport Highway near Birmingham-Shuttlesworth International Airport. The seven warehouses were fully leased at the time of sale. Tripp Alexander of Colliers brokered the transaction. Coro and H2RE Capital plan to make capital improvements to Airport Highway Park during their ownership period.
CHARLOTTE, N.C. — Stream Realty Partners has brokered the sale of 36 & NoDa, a 26,447-square-foot retail center located at 501-517 E. 36th St. in Charlotte’s North Davidson (NoDa) neighborhood. AJ Capital Partners purchased the center from Charlotte-based Ascent Real Estate Capital for $10.3 million. Jared Londry and Alex Olofson of Stream Realty represented the seller in the transaction. 36 & NoDa was fully leased at the time of sale to tenants including Salud Cerveceria and Neighborhood Theatre.
BRADENTON, SANFORD AND PINELLAS PARK, FLA. — Grandbridge Real Estate Capital’s Senior Housing Investment Sales team has arranged the sale of three seniors housing communities in Florida in three separate transactions. The seller, an unnamed national REIT, sold the assets for undisclosed prices. The properties include the 112-unit Bradenton Oaks located in Bradenton, the 94-unit Renaissance Retirement Center in Sanford and the 145-unit Bayside Terrace in Pinellas Park. Bradenton Oaks was built in 1973 and 1988, The Renaissance was built in 1984 and Bayside Terrace was built between 1986 and 1989. The communities were operating at low occupancies and an operational loss at the time of sale, according to Grandbridge. The buyers include a Florida-based real estate investment firm and two seniors housing owner-operators.