sales_and_leases

CBRE Arranges $47.7M Sale of Multifamily Community in Orlando

by Camren Skelton October 18, 2017

ORLANDO, FLA. — CBRE has arranged the $47.7 million sale of Arium Falcon Pines, a 300-unit apartment community in Orlando. Shelton Granade, Luke Wickham and Justin Basquill of CBRE represented the seller, a joint venture between Carroll Organization and Goldman Sachs Asset Management Private Real Estate, in the transaction. Los Angeles-based TruAmerica Multifamily acquired the asset. Located at 10200 Falcon Pine Blvd., Arium Falcon Pines is situated between Lake Nona’s Medical City, the Central Florida Research Park and the University of Central Florida. The property includes one- to three-bedroom units and features a pool, sundeck, outdoor kitchen and grill, fitness studio, walking trail, dog park and a business center. The community was 94 percent occupied at the time of sale.

October 18, 2017

Multifamily North Carolina Southeast

FCP Acquires Apartment Community in Charlotte for $22M

by Camren Skelton October 18, 2017

CHARLOTTE, N.C. — Federal Capital Partners (FCP) has acquired Hunters Pointe Apartments, a 386-unit multifamily community in Charlotte, for $22 million. Capstone Apartment Partners represented the undisclosed seller in the transaction. FCP will invest more than $2 million in capital improvements and amenity enhancements, including the addition of a new swimming pool, new playground, dog park and grilling stations. The company will also upgrade the community’s entrance, leasing office, building exteriors, landscaping and green spaces. Hunters Pointe features townhome and loft-style apartment units with private patios.

October 18, 2017

Industrial Self-Storage Southeast Tennessee

Marcus & Millichap Arranges Sale of Six-Property Self-Storage Portfolio in Metro Memphis

by Camren Skelton October 18, 2017

MEMPHIS, TENN. — Marcus & Millichap has arranged the sale of a six-property self-storage portfolio in metro Memphis. Charles LeClaire and Adam Schlosser of Marcus & Millichap arranged the transaction on behalf of the seller, Amsdell Cos., and procured the buyer, Merit Hill Capital. Anne Williams of Marcus & Millichap also assisted in closing the transaction. Three of the properties are located in Tennessee and the other three are located in northern Mississippi. The portfolio totals 337,846 square feet and includes 2,391 units and 297 outdoor parking spaces. Constructed between 1983 and 2006, the single-story, drive-up buildings feature a mix of climate- and non-climate-controlled units. Amenities include perimeter fencing, electronic gate access, 24-hour video surveillance and onsite leasing offices. The portfolio also includes two billboards, one cell tower and a commercial tenant generating additional revenue.

October 18, 2017

Multifamily Texas

Presidium Group Acquires 343-Unit Apartment Community in Dallas

by Taylor Williams October 18, 2017

DALLAS — Presidium Group LLC has acquired Serendipity Apartments, a 343-unit, Class B multifamily asset located at 8780 Park Lane in Dallas. Built in 1975, the property offers a mix of one- and two-bedroom units averaging 610 square feet per unit. Amenities include a pool and a fitness center. The seller and sales price were not disclosed.

October 18, 2017

Office Texas

Stream Realty Negotiates 53,397 SF Office Lease in Dallas

by Taylor Williams October 18, 2017

DALLAS — Stream Realty Partners has negotiated an office lease at Gramercy Center South, a two-building, 256,000-square-foot office park located at 18451 N. Dallas Parkway in Dallas. Ryan Evanich and Matt Wieser of Stream Realty represented the landlord, ATCAP Partners, in the lease negotiations. The new tenant, Advanced Infusion Solutions, a provider of comprehensive pharmacy services, will occupy 53,397 square feet at the property.

October 18, 2017

Retail Washington Western

Capital Pacific Arranges $9.1M Sale of Newly Constructed Retail Center in Metro Seattle

by Nellie Day October 18, 2017

KIRKLAND, WASH. — Capital Pacific has arranged the $9.1 million sale of Totem Lake Center, a 7,600-square-foot shopping center in Kirkland, 11 miles northeast of Seattle. Capital Pacific arranged the transaction on behalf of the seller, Madison Development Group, and the buyer, a private family trust. Completed this year, Totem Lake Center is fully leased to MultiCare and Mattress Firm.

October 18, 2017

Georgia Multifamily Southeast

Cushman & Wakefield Brokers $58.6M Sale of Multifamily Property in Metro Atlanta

by Camren Skelton October 17, 2017

MCDONOUGH, GA. — Cushman & Wakefield has arranged the $58.6 million sale of Trees of Avalon, a 500-unit apartment community in McDonough, 30 miles south of Atlanta. Chris Spain and Alex Brown of Cushman & Wakefield represented the seller, Watkins Real Estate Group, in the transaction. Fairfield Residential acquired the property. Constructed in 2009, Trees of Avalon includes one- to three-bedroom units and features a swimming pool, fitness center, lighted tennis court and a car care center.

October 17, 2017

Industrial New Jersey Northeast Office

HFF Brokers Sale of 26-Building Office/Flex Portfolio in Southern New Jersey

by Amy Works October 17, 2017

MOORESTOWN AND BURLINGTON, N.J. — HFF has facilitated the sale of a 26-building office/flex portfolio located in Moorestown and Burlington. Mack-Cali Realty Corp. sold the portfolio to Brennan Investment Group for an undisclosed price, free and clear of any mortgage financing. Totaling 1.2 million square feet, the portfolio comprises 24 buildings in Moorestown and two buildings in Burlington. At the time of sale, the portfolio was 91 percent leased. Tenants at the portfolio include businesses in healthcare services, pharmaceutical/clinical packaging and medical supplies. Jose Cruz, Doug Rodio, Brett Segal and Kevin O’Hearn of HFF represented the seller in the transaction.

October 17, 2017

Healthcare Illinois Midwest

Avison Young Arranges Sale of 93,903 SF Medical Office Building in Lake Bluff, Illinois

by Kristin Harlow October 17, 2017

LAKE BLUFF, ILL. — Avison Young has arranged the sale of the Carriage Point Medical Complex in Lake Bluff, about 35 miles north of Chicago. The sales price was not disclosed. The 93,903-square-foot medical office building is located at 101 Waukegan Ave. Anchored by Fresenius Medical Care, the property is 100 percent leased to several regional healthcare providers. Erik Foster, Mike Wilson and Tim Henry of Avison Young represented the seller, Franklin Partners. J. Emil Anderson & Sons Co., a Chicago-based developer and owner, purchased the property.

October 17, 2017

Illinois Midwest Multifamily

Millennium Brokers $1.7M Sale of Apartment Complex in Cicero, Illinois

by Kristin Harlow October 17, 2017

CICERO, ILL. — Millennium Properties R/E has brokered the sale of a 38-unit apartment complex in Cicero, a western suburb of Chicago, for $1.7 million. The property, located at 1930 S. Cicero Ave., features 32 two-bedroom units and six one-bedroom units. The building was 95 percent occupied at the time of sale. Michael Mintz of Millennium Properties was the sole broker for the transaction. Neither the buyer nor the seller was disclosed.

October 17, 2017

Newer Posts

Older Posts

Upcoming Events

Aug
18