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Deals news – page 16
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Marcus & Millichap Closes Sale of Bay Area Assisted LivingMarcus & Millichap recently closed the sale of Mission Villas, a 34-unit assisted living property with more than 50 beds in Daly City. The property sold for $10.65 million, or $313,235 per unit.
Representative imageBaptist Health Pays $54M for Kohl’s Store in Suburban Fort LauderdaleDepartment store retailer Kohl’s has sold a building in Coconut Creek, Fla., for $53.5 million, according to a property deed. Baptist Health South Florida acquired the property at 6950 North State Road 7.
Thor Equities Drops $62M on Boca Raton OfficeJoe Sitt’s Thor Equities has paid $62 million for the Two Town Center office complex in Boca Raton, Fla., Commercial Observer has learned.
Diamond Realty Sells Retail, Office Component of Williamsburg’s Dime for $29MThe Dime, a 2020-built residential development in Williamsburg, Brooklyn, has found a new owner for its office and retail space, which includes the entire landmarked Dime Savings Bank of Williamsburg.
WinCo Pays $18M for 11.6 Acre Tucson ParcelWinCo Foods purchased nearly 12 acres of commercial property on East Broadway for $18 million. The grocer purchased the 11.59-acre property at 5205 E. Broadway and adjoining parcels. Sunbelt Stores was the seller. Edward Beeh of SRS Real Estate Partners represented WinCo.
Representative imageMarcus & Millichap Brokers Sale of 30,800 SF Retail Strip Center in Victoria, TexasVICTORIA, TEXAS — Marcus & Millichap has brokered the sale of Dollar Tree Plaza, a 30,800-square-foot retail strip center in Victoria, about 85 miles north of Corpus Christi.
Shorenstein Adds 300K-SF Dallas Office Tower to DFW PortfolioShorenstein Investment Advisers acquired Sherry Lane Place, a 300,000-square-foot Class AA office tower in the Preston Center submarket of Dallas, Texas. The acquisition marks Shorenstein’s fourth acquisition in Dallas over the past two years.
Passco Offloads Buckhead Rental Asset for $87.5MORIX Corporation USA purchased The Kendrick, a 423-unit multifamily property, for $87.5 million. Built in 1998, the garden-style multifamily community is located in Atlanta’s Buckhead neighborhood, near major employment, retail and entertainment centers.
Atlantic Capital Brokers $48.2M Sale of Publix-Anchored Shopping Center in Columbus, GeorgiaCOLUMBUS, GA. — Atlantic Capital Partners has brokered the $48.2 million sale of Cross Country Plaza, a 304,735-square-foot shopping center located in Columbus. Anchored by Publix since 2011, the property was 95 percent leased at the time of sale to tenants including T.J.
Nonprofit Acquires Two Raleigh Office Buildings for Future Schools, HeadquartersRALEIGH, N.C. — Frankie Lemmon School and Foundation has acquired two office buildings located at 4401 and 4501 Atlantic Ave. in Raleigh. The 114,781-square-foot campus will serve as the nonprofit’s future home and will house the Frankie Lemmon School and Lemmon Tree Academy.
Marcus & Millichap Arranges $10M Sale of Manufacturing Facility in BaltimoreBALTIMORE — Marcus & Millichap has arranged the nearly $10 million sale of a single-tenant manufacturing facility located at 6901 Rolling Mill Road in Baltimore. Dejana Truck & Utility Equipment has occupied the facility for the past 21 years.
Mann Group Buys Luxury Apartments at 130 Hope Street in WilliamsburgClipper Equity’s hopes have been realized in the sale of a luxury rental building at 130 Hope Street in Williamsburg, Brooklyn, Commercial Observer has learned.
MBK Rental Living, Haseko Sell 315-Unit Zia Multifamily Community in AnaheimANAHEIM, CALIF. — MBK Rental Living and development partner Haseko Corp. have sold Zia, a 315-unit multifamily community in Anaheim that opened in September 2024. The buyer was an unnamed institutional investor.
Evergreen Development Acquires 11.7 Acres in Mesa, Arizona, Plans Mixed-Use ProjectMESA, ARIZ. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that will feature multifamily space and a new retail center.
Marcus & Millichap Arranges Sale of 516-Unit Self-Storage Facility in Windsor, ColoradoWINDSOR, COLO. — Marcus & Millichap has brokered the sale of Falcon Point Self Storage, a self-storage facility in Windsor. Terms of the transaction were not released.
Representative imageColliers Arranges Sale of 1.5 MSF Industrial Portfolio in IndianapolisINDIANAPOLIS — Colliers has arranged the sale of the Indianapolis West Infill Industrial Portfolio, a 1.5 million-square-foot, 29-building light industrial portfolio located within the Park 100 and Park Fletcher industrial parks in Indianapolis.
IRES Set To Step Up Acquisition Pace With €115M-Plus BTR DealIRES acquires 282-unit Dublin BTR scheme, enhancing portfolio by 8%.
£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park EmpireMartin Property Group to acquire 100 NCP car park leases amid declining driving habits.
Northern New Jersey Shopping Center Changes HandsAdoni Property Group has acquired the 60,614-square-foot shopping center in Northern New Jersey’s Basking Ridge from Kushner Real Estate Group.
Tishman Speyer Trades Mountain View Office Building for $121.5MTishman Speyer sold 400 Castro Street, a 100 percent leased, Class A office building in downtown Mountain View, California. Spear Street Capital was the buyer in the $121.5 million transaction.