sales_and_leases

Thibodo Ranch Business Center Industrial Park in Vista Trades for $7.5M

by Nellie Day June 8, 2016

VISTA, CALIF. — La Mirada Drive LLC has acquired Thibodo Ranch Business Center, a 53,572-square-foot industrial business park in the San Diego submarket of Vista, for $7.5 million. The park is located at 2330, 2332, 2336 La Mirada Drive. The LLC plans to stabilize the project and hold as a long-term investment property. Isaac Little, Marko Dragovic, Matt Weaver and Al Apuzzo of Lee & Associates – North San Diego County represented the buyer. Little, Dragovic and Larry Strickland represented the seller, Thibodo Ranch LLC, in this transaction.

June 8, 2016

Arizona Office Western

VenSure Employer Services Leases Space at Chandler Freeway Crossing

by Nellie Day June 8, 2016

CHANDLER, ARIZ. — VenSure Employer Services has leased 25,000 square feet at Chandler Freeway Crossing. The Class A office space is located in Building One at the intersection of the Loop 101 and Loop 202 freeways in Chandler. All three buildings at Chandler Freeway Crossing are now fully occupied. VenSure will relocate from Mesa to the new space this September. Hani Aldulaimi of KW Commercial represented the firm. JLL’s Dave Seeger, Karsten Peterson, Mark Gustin and Elizabeth Collins are the exclusive leasing brokers for Chandler Freeway Crossing and represented Mark IV Capital in the lease transaction.

June 8, 2016

Colorado Multifamily Western

Apartment Building in Arvada Sells for $2.4M

by Nellie Day June 8, 2016

ARVADA, COLO. — An unnamed buyer has purchased a 20-unit apartment building in Arvada for $2.4 million. The community is located at 5351-5361 Everett St. It was originally built in 1961 and renovated in 2014. The building is just off West 52nd Avenue near Olde Town Arvada. Josh Newell of Pinnacle Real Estate Advisors’ The Newell Team represented the buyer. The firm’s Jeff Johnson and Matt Ritter of the Johnson Ritter Team represented the seller in this transaction.

June 8, 2016

California Multifamily Western

IPA Brokers $142.1M Sale of 736-Unit Apartment Community Near Los Angeles

by Nellie Day June 7, 2016

ONTARIO, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Terracina Apartment Homes for $142.1 million or $193,000 per unit. Terracina Apartment Homes a 736-unit garden-style apartment community located in Ontario, approximately 40 miles east of Los Angeles. A joint venture partnership between MG Properties Group and Rockwood Capital sold the property, which is located on two parcels totaling 41.3 acres. The complex, located at 3303 S. Archibald Ave., is situated within Ontario Ranch, an 8,200-acre master-planned community. Terracina Apartment Homes was built in 1988 and features amenities such as a resort-style pool, spa, lounge and fitness center. A team comprised of Greg Harris, Stewart Weston, Kevin Green, Alexander Garcia Jr., Joseph Grabiec, Christopher Zorbas, David Sperling and John Montakab of IPA represented the seller. MG Properties Group is a privately owned West Coast real estate owner and operator specializing in multifamily assets. Rockwood Capital LLC is a real estate investment management firm that provides equity capital combined with real estate operating expertise for repositioning, recapitalization, development and redevelopment of retail, hotel, residential, office and research throughout the United States.

June 7, 2016

Colorado Multifamily Western

The Preserve at the Meadows Apartment Complex in Fort Collins Sells for $46.1M

by Nellie Day June 7, 2016

FORT COLLINS, COLO. — Ft. Collins Multifamily III DST has acquired The Preserve at the Meadows, a 220-unit apartment complex in Fort Collins, for $46.1 million. The community is located at 350 Riva Ridge Drive, adjacent to the MAX bus rapid transit line. Jeff Slinde and Bert Slinde of Slinde Realty represented the buyer. Jake Hallauer and Ryan Schaefer of Chrisland Real Estate Companies represented the sellers, The Preserve at the Meadows Ltd., SC Residential LLC and multiple other entities, in this transaction.

June 7, 2016

California Retail Western

CBRE Arranges $15.3M Sale of the Terrace Shopping Center in Newbury Park

by Nellie Day June 7, 2016

NEWBURY PARK, CALIF. — CBRE has arranged the $15.3 million sale of the Terrace, a two-level, 39,634-square-foot shopping center located in Newbury Park. Tenants at the fully occupied property include Orangetheory Fitness, Hot Yoga 1000, Road Runner Sports and Bottle and Pint. Philip Voorhees, Jimmy Slusher, Megan Wood, Matt Burson, Todd Goodman, John Read and Preston Fetrow of CBRE represented the seller, a Los Angeles-based private investor, in the transaction. A Los Angeles-based private investor partnership acquired The Terrace with funds from the refinancing on a long-held multifamily property in the nearby San Fernando Valley.

June 7, 2016

Illinois Midwest Retail

Cushman & Wakefield Brokers $53.2M Sale of Retail Property in Chicago

by Christina Cannon June 7, 2016

CHICAGO — Cushman & Wakefield has brokered the $53.2 million sale of a 33,597-square-foot retail property in Chicago’s Gold Coast neighborhood. The Ohio State Teachers Retirement System acquired the fully leased property, which is located at 1100 N. State St. Urban Outfitters occupies 19,007 square feet at the four-story building, and Maple & Ash leases the remaining space. Cushman & Wakefield represented the seller, Eleven Hundred LLC, in the transaction. Michael Marks and Trisha Connolly of Cushman & Wakefield also provided financial advisory services.

June 7, 2016

Florida Multifamily Seniors Housing Southeast

Kayne Anderson Buys Seniors Housing Community in Florida

by John Nelson June 7, 2016

MELBOURNE, FLA. — Kayne Anderson Real Estate Advisors has purchased Sonata at Melbourne, a Class A seniors housing community in Melbourne, on the Atlantic coast of Florida approximately 70 miles southwest of Orlando. HFF arranged the transaction on behalf of the undisclosed seller, which divested the property free and clear of existing debt. Built in 2012, Sonata at Melbourne is situated on more than 12 acres and features 47 independent living, 54 assisted living and 34 memory care units, which were 97 percent leased at the time of sale. Ryan Maconachy and Chad Lavender led the HFF team representing the seller.

June 7, 2016

California Retail Western

Hanley Investment Group Arranges $8.6M Sale of Target-Anchored Shopping Center

by Nellie Day June 6, 2016

SAN BERNARDINO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $8.6 million sale of Seven Trees Shopping Center, a 150,338-square-foot, Target-anchored shopping center located in San Bernardino. Ed Hanley and Kevin Fryman of Hanley represented the buyer, Westland Real Estate Group, and the seller, a Los Angeles-based private investor, in the transaction. The property was 85 percent leased at the time of sale to tenants including Baskin Robbins, County of San Bernardino, Payless ShoeSource, Sally Beauty Supply and Waba Grill.

June 6, 2016

Midwest Retail Wisconsin

The Barre Code Signs 2,300 SF Lease for Retail Space near Milwaukee

by Christina Cannon June 6, 2016

VERNON HILLS, WIS. — The Barre Code, a women’s fitness center, has signed a five-year, 2,300-square-foot lease for space at Hawthorn Center in Vernon Hills. Joe Padorr of Seneca Real Estate arranged the transaction for The Barre Code, which will be located at the northwest corner of Milwaukee Avenue and Townline Road. Hawthorn Center is a 55,000-square-foot former office building that has been converted into a mixed-use property. Other tenants at the property include Northwestern Medicine, Uncle Julio’s Mexican Restaurant and T-Mobile.

June 6, 2016

Newer Posts

Older Posts