sales_and_leases

Darwin Realty Brokers Sale of 70,796 SF Industrial Property in Chicago Suburb

by Christina Cannon August 8, 2016

ELK GROVE VILLAGE, ILL. — Darwin Realty has brokered the sale of a 70,796-square-foot industrial warehouse in Elk Grove Village, roughly 25 miles northwest of Chicago, for an undisclosed price. Hicks Properties LLC sold the building, located at 925-1065 Chase Ave., to TMI Properties LLC. Filter Services Inc. occupies one of two tenant spaces, and TMI Properties intends to move into the remaining space. The facility features 20-foot clear heights, 11 docks, three drive-in doors and 115 parking spaces. Jonathan Kohn of Colliers represented the buyer, and Richard Daly of Darwin Realty represented the seller in the transaction.

August 8, 2016

California Retail Western

NAI Capital Brokers $6.6M Sale of Retail Property in Los Angeles

by Nellie Day August 5, 2016

LOS ANGELES — NAI Capital has arranged the sale of a retail property located at 2128-2152 W. Washington Blvd. in Los Angeles’ West Adams Heights neighborhood. Washington-Western LLC sold the 22,400-square-foot property for $6.6 million, or $268 per square foot. Built in 1924, the property was delivered vacant to the undisclosed buyer as a condition of the sale. Parham Khoshbakhtian of NAI Capital represented the seller in the deal.

August 5, 2016

California Retail Western

Three-Tenant Retail Property in San Francisco Sells for $4.6M

by Nellie Day August 5, 2016

SAN FRANCISCO — An undisclosed buyer has acquired a three-tenant retail property located at 1720-1790 Fulton St. in San Francisco for $4.6 million. Constructed in 2004, Chase Bank, Glow Spa and Great Clips occupy the property. Erich Reichenbach of Marcus & Millichap represented the seller, a private investor, and the buyer in the transaction.

August 5, 2016

Michigan Midwest

Marcus & Millichap Arranges $11.3M Sale of 900-Unit Self-Storage Facility in Metro Detroit

by Christina Cannon August 5, 2016

WALLED LAKE, MICH. — Marcus & Millichap has arranged the sale of a 900-unit self-storage property in Walled Lake, approximately 35 miles northwest of Detroit, for $11.3 million. Mini Storage Depot includes 15 buildings totaling 111,050 square feet. The property, built in 2004, was 95 percent leased at the time of sale. Mini Storage Depot, located at 46550 Pontiac Trail, features 259 climate-controlled units, 641 non-climate-controlled units, 108 outdoor parking spaces for boat and recreational vehicle storage, an on-site management office, 24-hour video surveillance and 24-hour gate access. Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer, both limited liability companies, in the transaction.

August 5, 2016

Multifamily New York Northeast

Rosewood Realty Group Brokers $110M Sale of 14 Multifamily Buildings in Manhattan

by Amy Works August 4, 2016

NEW YORK CITY — Rosewood Realty Group has brokered the sale of 14 multifamily buildings located at 308-310 and 318-340 W. 49th St. in the Hell’s Kitchen neighborhood of Manhattan. Black Spruce Management has acquired the portfolio from The Orbach Group for $110 million. Totaling 136,000 square feet, the portfolio features 273 apartment units. Additionally, the portfolio has approximately 75,000 square feet of air rights, but only 10,000 square feet are usable due to the Special Clinton Zoning District. Aaron Jungreis of Rosewood Realty Group represented the buyer and seller in the deal.

August 4, 2016

Michigan Midwest Office

REDICO Acquires 150 West Jefferson in Detroit’s Financial District

by Christina Cannon August 4, 2016

SOUTHFIELD, MICH. — REDICO has acquired the 150 West Jefferson office building in Detroit’s financial district for an undisclosed price. The 500,000-square-foot, 25-story tower was built in 1989 and is 89 percent leased. Tenants at 150 West Jefferson include Miller, Canfield, Paddock & Stone; Jones Day Gensler; Lockbridge; NORR; Plunkett Cooney; Butzel Long; Starcom/Digitas; and KPMG. Amenities at the property include three restaurants/cafes, a convenience store, dry cleaning service and parking garage. The seller was Georgia-based Piedmont Office Realty Trust, according to Crain’s Detroit Business. The Detroit News reports that the building sold in 2003 for $93.8 million.

August 4, 2016

Illinois Midwest Mixed-Use Office Retail

Colliers International Brokers $7.4M Sale of Mixed-Use Property in Chicago Suburb

by Christina Cannon August 4, 2016

WOODRIDGE, ILL. — Colliers International has brokered the $7.4 million sale of a five-building, mixed-use development in Woodridge, approximately 30 miles southwest of Chicago. A private investor sold the property located at 6315-6440 Main St. Built in 2007, the property consists of one office building and four retail buildings that total 55,626 square feet. Tenants at the buildings include Loyola University Medical, Jimmy John’s, Sport Clips, Salon Aria, Aurelios, ATI Holdings, Seven Bridges Eye Care, Little Kids Learning, Sunburst Innovations, DMB Dental, Cherry Creek Mortgage and 3Vue. Main Street at Seven Bridges is part of a larger lifestyle center and was 93 percent leased at the time of sale. Joseph Yendrek of Equitable Realty Group represented the undisclosed buyer in the transaction.

August 4, 2016

Michigan Midwest Multifamily

Friedman Arranges Sale of 104-Unit Apartment Property Near Detroit

by Christina Cannon August 4, 2016

SOUTHFIELD, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a 104-unit apartment property in Southfield, approximately 15 miles northwest of Detroit. Cambridge Square Partners LLC sold the property, located at 27315 Greenfield Road, to Loop Cambridge Square LLC and OM Gardner LLC. Cambridge Square Apartments offers one- and two-bedroom units. Amenities at the property include a playground, courtyard and covered parking. Ryan Cohn and David Cohen of Friedman Integrated Real Estate Solutions represented the seller in the transaction.

August 4, 2016

Georgia Multifamily Southeast

RADCO Buys Apartment Community in Metro Atlanta for $23.3M

by John Nelson August 4, 2016

ACWORTH, GA. — The RADCO Cos. has purchased Stanton Place Apartments, a 240-unit, Class A multifamily community located one mile from I-75 in Acworth, for $23.3 million. Atlanta-based RADCO has renamed the asset The Landing at Acworth and plans to invest $3 million to modernize and upgrade the property. Built in 2001, The Landing at Acworth’s amenities include a standalone fitness center, swimming pool, nature trail, tennis court, dog park, playground, business center, car wash and detached garages. Units average 960 square feet and include one- and two-bedroom floor plans. RADCO financed the acquisition using a loan from First Tennessee Bank and $8.4 million in private capital. The Landing at Acworth is RADCO’s third property in northern Cobb County and its eighth transaction of the year. RADCO Residential will manage the apartment community once the transaction is finalized.

August 4, 2016

California Multifamily Western

Decron Properties Buys Adagio at South Coast in Santa Ana for $96M

by Nellie Day August 3, 2016

SANTA ANA, CALIF. — Decron Properties has purchased the 349-unit Adagio at South Coast in Santa Ana for $96 million. The multifamily community is located at 3124 S. Main St. The garden-style property was built in the 1970s. Decron plans to renovate unit interiors with shaker-style cabinets, quartz countertops, stainless-steel appliances, vinyl plank flooring and in-unit washers and dryers. The seller was Prime Residential.

August 3, 2016

Newer Posts

Older Posts