PEARLAND, TEXAS — NAI Partners has arranged the sale of 4155 S. Main St., a 30,500-square-foot, crane-served industrial property situated on 8.4 acres in the Houston metro of Pearland. Clay Pritchett of NAI Partners represented the buyer, DMP Acquisition Fund LLC, in the transaction. Walter Menuet of Colliers represented the seller, Cornerstone Bank.
CHICAGO — SVN | Chicago Commercial has arranged the sale of a multifamily portfolio totaling 312 affordable units in Chicago for $26.4 million. The two properties are located at 12141 S. Indiana Ave. and 10010 S. Sayre Ave. Cody Doran and Reid Bennett of SVN represented the sellers, Indian Trails Apartments LP & Ridge Garden Apartments LP. The buyer was not disclosed.
CHICAGO — Avison Young has brokered the sale of a 167,968-square-foot warehouse and distribution facility in Chicago’s New City neighborhood. The property, located at 4330 S. Racine Ave., features 20-foot clear heights and four interior truck docks. Edsal Sandusky, a Tennessee-based storage and container manufacturer, purchased the property. The company currently occupies 125,000 square feet within the building. International Laser Products, a re-manufacturer of laser printer toner cartridges, occupies the remaining 42,968 square feet. John Moysey of Avison Young represented the owner, 4330 South Racine LLC, in the sales transaction. Cushman & Wakefield represented Edsal Sandusky.
NORTH RIDGEVILLE, OHIO — Marcus & Millichap has brokered the sale of a 15,000-square-foot retail property net leased to Walgreens in North Ridgeville, about 22 miles southwest of Cleveland, for $5.4 million. Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a private investor. Melinda Marston of JRW Realty represented the buyer, a California-based private fund.
ATLANTA — The Dilweg Cos. has acquired The Pointe, a two-building office development located in Atlanta’s Central Perimeter submarket. The seller and sales price were not released, but the Atlanta Business Chronicle reports that Dilweg purchased the project for $46 million. The buildings total 418,000 square feet and were built in 1981 and 1985. The Pointe was 66 percent leased at the time of sale to tenants including Cisco, Compass Group and Ecova. Dilweg plans to invest more than $3 million to improve the building’s operating systems, common areas and tenant amenities. The purchase of The Pointe brings Dilweg’s Atlanta office holdings to nearly 2 million square feet. CBRE represented the undisclosed seller in the transaction.
LOMPOC, CALIF. — Cushman & Wakefield has brokered the $19 million sale of Central Towne Square, a grocery-anchored shopping center in Lompoc, to a high-net-worth individual. Cushman & Wakefield’s Dixie Walker and Charley Simpson represented the seller, Los Angeles-based Jade Enterprises, in the transaction. Foods Co., a subsidiary of The Kroger Co., anchors the property. The center is 97 percent occupied by 15 tenants including O’Reilly Auto Parts, Wells Fargo, Payless ShoeSource, Sally Beauty, Applebee’s Bar & Grill, GameStop, and MetroPCS. Located at 511 through 633 W. Central Ave., Central Towne Square is located just west of Highway 1.
OCEANSIDE, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $7.4 million sale of a single-tenant Walgreens property located roughly 38 miles outside San Diego in Oceanside. The 14,380-square-foot, freestanding building is occupied under an absolute net lease. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the seller, a Beverly Hills-based private investor. Jason Flashman/Flashman Investment Group of Peak Commercial represented the buyer, a private investor from Northridge.
ARLINGTON, TEXAS — Onward Investors, a Minnesota-based investment and development firm, has sold Arbors at Brookhollow, a 114,421-square-foot office property located at 2201 E. Lamar Blvd. in Arlington. Built in 1999, the two-story building currently houses tenants such as Farmers Insurance Group, Ascension Capital and Weir & Associates. Mike Hardage and Matthew Otte of Transwestern represented Onward Investors in the transaction. Arbor Hui LLC purchased the property for an undisclosed price.
HOUSTON — Marcus & Millichap has brokered the sale of Copper Grove Shopping Center, a 36,645-square-foot retail center located at 8955 Highway 6 North in Houston. The sale price was not disclosed, but the property had a list price of $8.2 million. Tenants at the fully leased center include Spec’s Liquor, Pinch A Penny and Boost Mobile. Jerry Goldstein of Marcus & Millichap represented the seller, an undisclosed partnership, in the transaction. Other terms of sale were not released.
OKLAHOMA CITY — CBRE has negotiated an 83,646-square-foot industrial lease at 3800 S. Harmon Ave. in Oklahoma City. David Portman of CBRE represented the landlord, GIJC OKC 7 LLC, in the transaction. The representative of the tenant, Lincoln Electric Co., a Cleveland-based, publicly traded retailer, was not disclosed.
