sales_and_leases

Q10 KDH Secures $20M Loan for Sam Houston Business Park in Houston

by Haisten Willis January 16, 2015

HOUSTON — Q10 Kinghorn, Driver, Hough & Co.’s Houston office has secured a $20 million, 15-year term loan for Sam Houston Business Park in Houston. The property is located at 8844-8850 N. Sam Houston Pkwy. Larry Peters of Q10 KDH arranged the transaction on behalf of the borrower, Levey Group. Levey Group is a family-owned industrial real estate development company specializing in offering office-warehouse facilities for sale or lease. Q10 KDH is a Texas-based commercial mortgage banking company that arranges financing for developers and owners of commercial real estate.

January 16, 2015

DTZ Brokers $14M Sale of Distribution Center in Metro Charlotte

by John Nelson January 16, 2015

FORT MILL, S.C. — DTZ has brokered the $14 million sale of a Class A, 255,168-square-foot distribution center located at 1092 Wilson Business Parkway in Fort Mill, a suburb of Charlotte. The distribution center is fully leased to Ross Stores Inc. Beacon Industrial LLC purchased the asset from an institutional investor. Rob Cochran and Jared Londry of DTZ’s capital markets team represented the seller in the transaction.

January 16, 2015

Colorado Multifamily Western

Eastpointe Apartments in Boulder Sells for $18M

by Nellie Day January 15, 2015

BOULDER, COLO. – The 140-unit Eastpointe Apartments in Boulder has sold to Apartment Investment and Management Company (AIMCO) for $18 million. The community is located at 1500-1590 Eisenhower Drive. It was built in 1974. AIMCO was represented by Jacob Steele and Nick Steele in Marcus & Millichap’s Denver office.

January 15, 2015

California Retail Western

Shops at Camarillo Town Center Sells for $4.4M

by Nellie Day January 15, 2015

CAMARILLO, CALIF. – The Shops at Camarillo Town Center, an 8,000-square-foot retail center in Camarillo, has sold to YS Properties for $4.4 million. The center is located at 415 W. Ventura Blvd. It is fully occupied by Subway, T-Mobile, Lindora Weight Loss Center and Eyeglass Factory. The Shops is part of the larger Camarillo Town Center. This 457,128-square-foot power center is anchored by Home Depot, Target, BevMo, Ross and Walmart Neighborhood Market. YS Properties was represented by Connie Kim of Coldwell Banker Wilshire. The seller, a private Orange County investor, was represented by Chris DePierro and Jeff Conover of Faris Lee.

January 15, 2015

Arizona Multifamily Western

Glendale Shadows Apartments Sells for $4.9M

by Nellie Day January 15, 2015

GLENDALE, ARIZ. – The 138-unit Glendale Shadows Apartments has sold to Terra Vista Investments USA for $4.9 million. The community is located at 5902 W. Royal Palm Road. It was built in 1975 and boasts a current occupancy rate of 93 percent. The seller, Monterey Group, was represented by Brett Polachek and Jim Crews of Cushman & Wakefield.

January 15, 2015

Arizona Industrial Western

Zounds Leases Space at Galveston Tech Center in Chandler

by Nellie Day January 15, 2015

CHANDLER, ARIZ. – Zounds has leased 11,639 square feet of office space at Galveston Tech Center in Chandler. The Class A office-flex building is located at 6825 W. Galveston. The current lease brings the center’s occupancy rate to 92 percent. Zounds will be relocating its engineering, office and warehouse/shipping departments to this location to accommodate the company’s growth. Zounds was represented by Cory Sposi of Commercial Properties. The landlord, ViaWest Group, was represented by DTZ’s Mike Heanel, Andy Markham and Will Strong.

January 15, 2015

Multifamily Texas

Dougherty Mortgage LLC Arranges $11M Acquisition Loan for Stonehill Terrace

by Haisten Willis January 15, 2015

IRVING, TEXAS — Dougherty Mortgage LLC has arranged an $11 million Fannie Mae loan for the acquisition of Stonehill Terrace, a 301-unit market rate multifamily housing property located in Irving. The 10-year loan includes a 30-year amortization schedule and one year of interest-only payments. Dougherty’s Dallas office arranged the loan on behalf of the borrower, Urban Stonehill Apartments LP. This transaction, along with additional capital by the buyer, will allow for upgrades and updates to the property. All Stonehill Terrace units come with a balcony, ceiling fans, appliances and free parking. Some units are upgraded with vaulted ceilings and a fireplace. The grounds are equipped with a clubhouse, laundry facilities and a swimming pool.

January 15, 2015

Multifamily New York Northeast

Ariel Property Advisors Brokers $17.89M Sale of Staten Island Multifamily Portfolio

by Amy Works January 15, 2015

NEW YORK CITY — Ariel Property Advisors has brokered the sale of a 16-building multifamily portfolio in the northern section of Staten Island. A private investor purchased the 177-unit portfolio from a real estate investment firm for $17.89 million. Located at 150, 165 and 220 Trantor Place, the portfolio features 106 one-bedroom units and 71 two-bedroom units. Victor Sozio, Shimon Shkury, Michael Tortorici, Mark Spinelli and Josh Berkowitz of Ariel Property Advisors represented the seller and buyer in the transaction.

January 15, 2015

Georgia Multifamily Southeast Student Housing

PEP Buys Student Housing Community Near Georgia Tech for $28M

by John Nelson January 15, 2015

ATLANTA — Pierce Education Properties (PEP) has purchased 100 Midtown, an off-campus student housing community serving Georgia Institute of Technology and Georgia State University students, for $28 million. KeyBank Real Estate Capital provided PEP with $14.3 million in debt financing for the acquisition. The 330-bed, 118-unit 100 Midtown is located across from the Georgia Tech campus in the heart of Midtown Atlanta. The fully furnished community features two- and four-bedroom units, each equipped with modern appliances and washers and dryers. PEP will be adding large, flat-screen TVs in every unit. Property amenities include a 24-hour fitness center, movie theater, computer lab, video gaming room, conference room and study rooms. 100 Midtown also houses a Chinese restaurant on-site, Chinese Buddha.

January 15, 2015

Midwest Retail Wisconsin

Mid-America Arranges Sale of Chippewa Commons in Chippewa Falls, Wis.

by Danielle Everson January 14, 2015

CHIPPEWA FALLS, WIS. — Mid-America Real Estate Corp. has arranged the sale of Chippewa Commons in Chippewa Falls. An Eau Claire, Wis.-based private investment group purchased the 169,631-square-foot, multi-tenant shopping center. Chippewa Commons is located at the southeast corner of U.S. Highway 124 and Woodward Avenue. Dollar Tree, GNC, H&R Block and Check ‘n Go are tenants at the center. Ben Wineman of Mid-America and Mark Robinson of Mid-America Real Estate – Minnesota LLC brokered the transaction on behalf of a public traded real estate investment trust.

January 14, 2015

Newer Posts

Older Posts