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Concord Wilshire Buys Brian Tuttle’s Bankrupt Palm Beach County Dev Site for $60MConcord Wilshire has purchased out of bankruptcy Brian Tuttle’s mixed-use development site in Royal Palm Beach, Fla., for $60 million. The parcel spans about 43 acres at the intersection of State Route 7 and Southern Boulevard, near the western end of Palm Beach County.
Representative imageKislak Negotiates $7.9M Sale of Seniors Housing Development Site in Millersville, PennsylvaniaMILLERSVILLE, PA. — New Jersey-based brokerage firm The Kislak Co. Inc. has negotiated the $7.9 million sale of a seniors housing development site in Millersville, a suburb of Lancaster. The 67-acre site at 306 S. Duke St.
GTIS Partners Acquires 116 Acres in Tampa to Develop 4Ward Logistics CenterTAMPA, FLA. — New York City-based GTIS Partners has acquired approximately 116 acres in Tampa to develop 4Ward Logistics Center, an industrial development that will span 382,500 square feet across two rear-load distribution buildings.
JLL Arranges Sale of 458,617 SF Office Campus in Jacksonville, Buyer Plans RedevelopmentJACKSONVILLE, FLA. — JLL Capital Markets has arranged the sale of 8000 Baymeadows Way, a 458,617-square-foot office campus located in Jacksonville’s Butler/Baymeadows submarket.
Marcus & Millichap Brokers Sales of Two Westside Los Angeles Multifamily Properties for $46.3MLOS ANGELES — Marcus & Millichap has arranged the sales of two apartment complexes in the Brentwood neighborhood of Los Angles for a combined value of $46.3 million. Rabbie Banafsheha and Tony Azzi of the Azzi Group of Marcus & Millichap represented the seller in the deal.
Compass Capital Investments Buys 71,971 SF Medical Office Property in San DiegoSAN DIEGO — Compass Capital Investments has acquired RB Medical Plaza, a medical office property located at 11770 Bernardo Plaza Court in San Diego, from Bernardo Court MOB LLC for $18.2 million.
Maddox Brokers $11M Sale of Medical Office Building in KnoxvilleKNOXVILLE, TENN. — Maddox Cos. has brokered the $11 million sale of the WestMed Building, a 55,000-square-foot medical office building situated on Sherrill Boulevard in Knoxville. Maddox Cos.
Representative imageArrowpoint Properties Sells 51-Unit Apartment Building in Lowell, MassachusettsLOWELL, MASS. — Regional owner-operator Arrowhead Properties has sold a 51-unit apartment building in the northern Boston suburb of Lowell.
Harbor Stone Advisors Facilitates Sale of 310 Multifamily Units in BaltimoreHarbor Stone Advisors has arranged the sale of Oak Hill Apartments & Townhomes, a 310-unit property in Northeast Baltimore.
Cambridge Apartments Across from Harvard Fetch $655K Per UnitMarcus & Millichap closed the sale of 23-25 Hammond St., a 10-unit multifamily property in Cambridge, MA. The asset sold for $6,550,000 in its first time on the market in more than a century.
CityPlat Acquires 95K-SF Cary Office ParkA Cary office campus sold for $3.1 million less than the seller paid for it in eight years earlier.
Representative imageCBRE Brokers Sale of 96,946 SF Shopping Center in Casselberry, FloridaCASSELBERRY, FLA. — CBRE has brokered the sale of Casselberry Square, a 96,946-square-foot shopping center located at the intersection of State Road 436 and Red Bug Lake Road in Casselberry, a suburb of Orlando.
Carmichael Capital Acquires 22,802 SF Adaptive Reuse Retail Property in NashvilleNASHVILLE, TENN. — Carmichael Capital LLC, a locally based real estate investment firm founded by Taylor Camp, has acquired The Mill, a 22,802-square-foot adaptive reuse retail property located at 515 Merritt Ave. in Nashville’s Wedgewood-Houston neighborhood.
Pardue Sells 428-Unit Multifamily Portfolio in Greenville, TexasGREENVILLE, TEXAS — Pardue Cos., a Texas-based multifamily investment firm, has sold a portfolio of three multifamily properties totaling 428 units in Greenville, about 50 miles northeast of Dallas. The Ridge Apartments is a 112-unit complex that was built in 1985.
Presidium Acquires 186-Unit Apartment Complex in Houston’s Heights DistrictHOUSTON — Texas-based investment firm Presidium has acquired Whitney at The Heights, a 186-unit apartment complex located just outside of downtown Houston.
Concord Wilshire Secures Land for Palm Beach DevelopmentConcord Wilshire Capital acquired a 43-acre development site located at the intersection of SR-7 and Southern Boulevard in Royal Palm Beach, Palm Beach County, Florida (photo), formerly known as Tuttle Royale.
Legacy Development Partners Buys 30-Acre Site for Legacy at Jackson Landing Retail Project Near Colorado SpringsMONUMENT, COLO. — Legacy Development Partners has acquired a 30-acre site at the northeast quadrant of Interstate 25 and Baptist Road in Monument, approximately 20 miles north of Colorado Springs, for the development of Legacy at Jackson Landing.
Great Expectations SPC Acquires 102-Unit Multifamily Development Site in Puyallup, WashingtonPUYALLUP, WASH. — Great Expectations SPC has purchased Addison Grove, a multifamily development site at 17753 78th Ave. East in Puyallup. Terms of the transaction were not disclosed.
Marquette Cos. Acquires 236-Unit Apartment Community in Lake Bluff, IllinoisLAKE BLUFF, ILL. — Marquette Cos. has acquired Forest Pointe, a 236-unit apartment community in Lake Bluff within Chicago’s North Shore. Marquette Management will serve as property manager for the community at 29533 N. Waukegan Road.
Representative imageCore Industrial Realty Arranges Sale of 120,000 SF Industrial Building in Metro ChicagoLOCKPORT, ILL. — Core Industrial Realty has arranged the sale of a 120,000-square-foot industrial building in Lockport. The single-tenant building is fully leased to a company in the specialty plastics industry.