ST. LOUIS — Lee & Associates has negotiated the sale of a 672,000-square-foot industrial property in St. Louis for an undisclosed price. The multi-tenant building is located at 4327 Gustine Ave. Herb Feldmann of Lee & Associates represented the buyer, SOA Gustine LLC. Will Mura of CBRE represented the seller, Gustine Avenue LLC.
JACKSONVILLE, FLA. — Colliers International has arranged the $12.7 million sale of San Jose Plaza, a 95,433-square-foot shopping center in Jacksonville. Scott Rogers of Colliers arranged the transaction on behalf of the buyer, SJP Jax LLC, which acquired the asset from Shanri Holdings Corp. Bonefish Grill anchors the center, which was 75 percent leased at the time of sale to 30 tenants. A second anchor tenant, Aldi, will open this summer.
DENVER — Clarion Partners has purchased a 3.7 million-square-foot industrial portfolio for $200 million. The portfolio is situated in four states. The Denver portion of the portfolio includes more than 1.9 million square feet, marking Denver’s single largest industrial transaction on record, according to Clarion. This portion has been renamed Clarion Gateway. Clarion Gateway includes 14 Class A logistics properties situated in the Airport submarket, the region’s primary distribution corridor. The properties were constructed between 1995 and 2015. They feature ESFR sprinkler systems, dock-high and drive-in loading, and clear heights ranging from 22 ft. to 32 ft. The Denver portfolio is currently 96.5 percent leased. The remainder of the portfolio focuses on supply chain markets, including two Las Vegas properties totaling 698,300 square feet. The buildings are all new Class A construction, built in 2016 or 2017, with low office finishes and clear heights ranging from 32 feet to 36 feet. Tenants across the portfolio span a mix of global, national and local companies, including United Parcel Service, Simmons, M S International, Whirlpool, SITCO Lumber and Cardinal Health. The portfolio is diversified by industry with no single tenant occupying more than 13 percent of the total rentable area. CBRE represented …
SALT LAKE CITY — Colliers International has acquired the operations of Coldwell Banker Commercial Advisors in Salt Lake City. The new company will be rebranded as Colliers International | Utah. Terms of the transaction were not disclosed. Colliers maintains 200 professionals who provide investment sales, lease brokerage, property management and consulting and advisory services to local, regional, national and global clients. “This addition is the latest in a series of strategic acquisitions that we have completed in the U.S., all of which have strengthened and diversified our operations to better serve our clients,” says Dylan Taylor, president and COO of Colliers International. “Our objective continues to be elevating the Colliers International platform as the global firm of choice for successful organizations anywhere they do business, and for professionals who thrive within an enterprising and entrepreneurial culture.”
LA VERNE, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of La Verne Courtyard, an 84,368-square-foot shopping center in La Verne, located 30 miles east of Los Angeles. The sales price was not disclosed, but The Real Deal reports Evan & MC LLC acquired the asset from Charles Co. for $20.7 million. Ed Hanley, Bill Asher and Kevin Fryman of Hanley arranged the transaction on behalf of the seller, while Wendy Wong and Katherine Quach of Treelane Realty Group represented the buyer. La Verne Courtyard was 97 percent leased at the time of sale to tenants such as Aldi, Orchard Supply Hardware, Jersey Mike’s Subs, Pacific Dental, OneMain Financial, Pizza Hut and Rubio’s.
IRVING, TEXAS — HFF has negotiated the sale of Shops at MacArthur Hills, a 75,387-square-foot retail center located within the 12,000-acre Las Colinas district in Irving. Anchored by Whole Foods Market, the property was fully leased at the time of sale to tenants such as Zoës Kitchen, Fidelity Investments, Pure Barre and Sprint. Ryan Shore, Barry Brown, Jim Batjer and Aaron Johnson of HFF represented the seller, Dallas-based investment Leon Capital Group, in the transaction. New York-based Clarion Partners LLC purchased the asset free and clear of existing debt. The sales price was not disclosed.
NEWARK, OHIO — Marcus & Millichap has arranged the $1.3 million sale of an office building occupied by the Social Security Administration property in Newark, about 40 miles northeast of Columbus. The 7,818-square-foot property is located at 125 Derby Downs Road. The facility was constructed in 2007 as a build-to-suit for the Social Security Administration. Justin Fenn and Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Geoff Ficke of Marcus & Millichap secured and represented the buyer, a limited liability company.
SALEM, ORE. — Montecito Medical Real Estate has purchased WVP-The Doctors’ Clinic medical office building in Salem for an undisclosed sum. Constructed between 1996 and 1999, the 34,554-square-foot building is situated 50 miles south of Portland. The property is directly across the street from a large Kaiser Permanente outpatient facility and is strategically located on the corner of Skyline Road and Kuebler Boulevard.
PEORIA AND MESA, ARIZ. — Blueprint Healthcare Real Estate Advisors has arranged the sale of two assisted living communities in Arizona for an undisclosed price. Each property features 50 units. The first, located in Peoria, has been vacant since 2008. The second, located in Mesa, has been vacant since 2013. The buyer of the Peoria property is a regional owner-operator looking to expand its presence in Arizona. The buyer of the Mesa property intends to convert the community into a drug treatment center. The seller was not disclosed. Blueprint’s Amy Sitzman handled the transactions.
LOMPOC, CALIF. — An institutional investor has acquired an 81,687-square-foot industrial building in the Central California submarket of Lompoc for $6.1 million. The building is situated on eight acres at 1017 W. Central Ave. DenMat fully occupies the space. The dental product manufacturer recently signed a five-year lease extension at the site, which serves as the company’s headquarters. Tom Davidson of Lee & Associates Los Olivos represented the seller, Fagerdala USA – Lompoc, and DenMat in its lease extension.