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Deals news – page 112
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Eastham Capital, Bender Cos. Buy Multifamily Community in Metro Chicago for $24.1MGLENDALE HEIGHTS, ILL. — Eastham Capital has acquired The Flats at Gladstone in the Chicago suburb of Glendale Heights with its operating partner Bender Cos. The purchase price was $24.1 million. The 168-unit, garden-style community was 96 percent leased at the time of sale.
Representative imageTopSide Marinas Acquires Campbell Point Marina in Shell Knob, MissouriSHELL KNOB, MO. — TopSide Marinas has acquired Campbell Point Marina on Table Rock Lake in Shell Knob within southwest Missouri. The transaction marks the third for TopSide Marinas in Missouri and the Ozarks, after the acquisition of Cape Fair Marina and Hideaway Marina in 2023.
Boulder Group Arranges $5.3M Sale of CVS-Occupied Retail Property in ChicagoCHICAGO — The Boulder Group has arranged the $5.3 million sale of a single-tenant retail property net leased to CVS in Chicago. Constructed in 2002, the 15,414-square-foot building is located at 3951 W. 103rd St.
Representative imageEQT Sells 7 MSF Logistics Portfolio for $650MThe deal comprises the second tranche of a large disposition. The post EQT Sells 7 MSF Logistics Portfolio for $650M appeared first on Commercial Property Executive.
BLT Acquires Carlsbad Site with Potential for Future DevelopmentBLT Enterprises has acquired a 19.4-acre industrial site close to Carlsbad Research Center at 2470 Faraday Ave. in Carlsbad for an undisclosed sum.
SparrowHawk, Almanac Realty Investors Acquire St. Louis WarehouseSparrowHawk, through a joint venture partnership with Almanac Realty Investors, has acquired a second Midwest distribution center.
CIM Group Sells 88 University Place for $46M to New Investment PartnershipA partnership between Acram Group and newcomer Bulldog Real Estate Partners purchased 88 University Place in Greenwich Village for $46 million. The seller, 88 Tower LLC, is tied to Los Angeles-based CIM Group.
Clothing Supplier Intradeco Sells Miami-Dade HQ for $49MClothing supplier Intradeco Apparel sold its headquarters warehouse in the outskirts of Miami for $48.8 million, property records show.
MetroNational-Led Team Buys Houston Mixed-Use DevelopmentMetroNational, Radom Capital and Triten Real Estate Partners have acquired the M-K-T mixed-use development in the Heights. The 214,000-square-foot M-K-T development, which blends retail, restaurants and boutique offices, opened in 2021.
Centennial to Demolish Portion of Plano MallCentennial, the real estate company that acquired The Shops at Willow Bend, confirmed that it plans to start demolishing a portion of the mall within a year.
Cameron Brothers Acquires 300-Unit Lewisville Rental CommunityTrinsic Residential Group has sold off the Aura Avant apartment complex in Lewisville. The buyer was Cameron Brothers. Newmark brokered the deal. The property, with 300 units, will be renamed The Winslow as part of the Cameron Collection.
Citi, Access Point Provide $286M for Acquisition, Repositioning of 38 U.S. HotelsSunday PropTech has secured $286 million in financing to support the acquisition and repositioning of a 38-hotel U.S. hospitality portfolio of more than 4,000 rooms, Commercial Observer can first report.
Seagis Picks Up 200K-SF Medley WarehouseSeagis has acquired a 200,175-square-foot manufacturing facility near Medley for $48.8 million. The seller was Intradeco Apparel, which used the building as its headquarters and warehouse.
IPA Negotiates Sale of 216-Unit Apartment Complex in Temple, TexasTEMPLE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Summit Ridge, a 216-unit apartment complex in the Central Texas city of Temple.
Research Triangle Property Sells for $58.3MAn affiliate of TPG Real Estate Partners sold The Press, a 250,000 square foot industrial complex in Cary, NC, for $58.3 million. Vigilant Real Estate Holdings was the buyer. Commercial Search reports the buyer also inked a $38.5 million acquisition loan from M&T Bank.
Representative imageAscentris-Led Partnership Sells Two South Florida Office Buildings, Launches Multifamily Conversion ProjectDORAL, FLA. — Ascentris, in partnership with Highline Real Estate Capital and Square2 Capital, has completed a multi-phase repositioning of Westside Plaza, a three-building, 382,637-square-foot office complex in Doral, a western suburb of Miami.
Marcus & Millichap Brokers Sale of Retail Property in Montgomery Leased to ValvolineMONTGOMERY, ALA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a retail property in Montgomery.
Representative imageSitex Group Buys 26,000 SF Warehouse in Monroe Township, New JerseyMONROE TOWNSHIP, N.J. — New Jersey-based private equity real estate firm Sitex Group has purchased a 26,000-square-foot warehouse in Monroe Township, located outside of Trenton in Central New Jersey.
Ashford Hospitality Trust Sells La Posada de Santa Fe Historic Resort in New MexicoSANTA FE, N.M. — Ashford Hospitality Trust has competed the disposition of La Posada de Santa Fe, a Tribute Portfolio Resort & Spa, to Abo Sada LLC for an undisclosed price. Kami Burnette and Brian Embree of Hunter Advisors represented both parties in the transaction.
Norris & Stevens Brokers $1.4M Sale of Retail Building in Portland, OregonPORTLAND, ORE. — Norris & Stevens has arranged the sale of a retail building located at 4343 S.E. Hawthorne Blvd. in Portland. DS TS Holdings LLC acquired the property from Gigantic Brewing Co. for $1.4 million.