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Marcus & Millichap Brokers $24.5M Sale of Medical Office Building in Germantown, TennesseeGERMANTOWN, TENN. — Marcus & Millichap has brokered the $24.5 million sale of Conrad Pearson Clinic, a 33,777-square-foot medical office building located in Germantown, roughly 21 miles southeast of Memphis.
Hackman Capital Sells El Segundo Flex Building For $27MMajestic Asset Management acquires a Rivian-leased El Segundo building for $27M, up from $15.3M in 2018.
Ariel Reps Seller in Bronx Multifamily PortfolioAriel Property Advisors arranged the sale of a three-building multifamily portfolio at 2460 Grand Ave. and 636-646 E. 231st St. in the Bronx for $7.5 million. Senior director Sam Schertz, director Daniel Mahfar and investment sales associate Erik Maloney represented the seller.
Former Hotel-Turned-University-Campus Trades for RepositioningDAUM Commercial Real Estate Services finalized the $14.4-million sale of an 87,598 square-foot former university campus on approximately 6.4 acres in the Los Angeles County city of Lancaster. VP Dennis Marciniak represented the seller, University of Antelope Valley, LLC.
OPEN Impact Arranges 15-Year Occupancy for Brooklyn Charter SchoolOPEN Impact Real Estate has arranged a 15-year lease totaling approximately 77,000 square feet located at 5902 Sixth Ave. in Brooklyn’s Sunset Park neighborhood for Launch Expeditionary Learning Charter School.
City Realty Buys Brookline Multifamily Portfolio for $23MCity Realty has acquired a nine-building multifamily portfolio in Brookline, MA for $23.15 million. Colliers facilitated the sale on behalf of Ramon Realty.
Marcus & Millichap’s Cafiero Team Arranges Sale of Union County Mixed-UseMarcus & Millichap closed the sale of 219-225 E. Broad St., a mixed-use property in Westfield, NJ. The asset sold for $5.9 million in the second sale the firm arranged in this union County suburb in as many weeks.
SVN Chicago Commercial Facilitates Sale of Property in Chicago’s Noble Square NeighborhoodSVN | Chicago Commercial facilitated the $1.56 million sale of a six-unit Greystone and coach house property at 950–952 N. Noble Street in Chicago’s Noble Square neighborhood. Wayne Caplan, Senior Vice President with SVN | Chicago Commercial, represented the seller.
Buyer Of BXP's Sumner Square Revealed: The D.C. Deal SheetAlso this week, Sheppard takes an anchor lease in downtown D.C., sparking a renovation, Douglas Development sells a Georgetown building, and more.
Aggregate Buys $58M Northern Virginia PortfolioThe owner of an 11-building industrial and retail portfolio in Northern Virginia has sold the assets for $58 million. Fairfax-based Aggregate Real Estate Investors acquired the 320,000-square-foot portfolio from Clarke-Hook Corporation.
Laramar Group Pays $166M For 43-Story South Loop Apartment BuildingLaramar Group buys a 656-unit apartment building in Chicago's South Loop, marking the property's first ownership change since 1967.
LaSalle IM Buys Stake In 1.5M SF CityWest Office Campus: The Houston Deal SheetThis week in Houston real estate news, LaSalle Investment takes equity in a prime 1.5M SF Houston office.
Cortland Sells West Palm Rental at Discount for $208MMultifamily development firm Cortland sold a garden-style rental complex in West Palm Beach, Fla., for $208 million, property records show. The transaction ranks among South Florida’s largest multifamily sales this year, although it marked a discount for the Atlanta-based seller.
BGO, Alliance Industrial Acquire 266K-SF FW WarehouseBGO and Alliance Industrial Company acquired Northwest Commerce Park Building 2. The 266,152-square-foot Class-A industrial property is located at 2765 Highway 114 in Fort Worth, Texas, and was acquired through a joint venture between the two firms.
Marcus & Millichap Brokers Sale of 316-Unit Apartment Complex in Fort WorthFORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Trinity Heights, a 316-unit apartment complex in Fort Worth.
Greenstone Partners Closes Two Multifamily Sales in Chicago for $3.2MCHICAGO — Greenstone Partners has closed two multifamily sales totaling $3.2 million in Chicago’s Wicker Park and Bridgeport neighborhoods. In the first transaction, the firm brokered the sale of a recently renovated eight-unit multifamily property located at 1226 N.
Representative imagePhoenix Investors’ Affiliate Acquires 1.8 MSF Industrial Complex in Saginaw, MichiganSAGINAW, MICHIGAN — An affiliate of Phoenix Investors, a company specializing in revitalizing former manufacturing sites, has acquired a three-building, 1.8 million-square-foot industrial complex in Buena Vista Charter Township, which borders the city of Saginaw, from…
Cooper Commercial Investment Group Arranges Sale of Retail Property in CincinnatiCINCINNATI — The Cooper Commercial Investment Group has arranged the sale of Spring Hill Center, a multi-tenant retail property located in Cincinnati. Dan Cooper of the Cooper Commercial Investment Group represented the seller, an Ohio-based investment group, in the transaction.
Ogilvie Partners Trades Fort Collins Warehouse Portfolio for $42MOgilvie Partners sold the Prospect Innovation Campus, a 226,000-square-foot industrial, flex and research-and-development portfolio in Fort Collins, Colorado, to ZS Capital Partners for $42 million.
Representative imageAtlantic Capital Partners Negotiates $31M Sale of Manhattan Office, Retail BuildingNEW YORK CITY — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $31 million sale of 893 Broadway, a 25,442-square-foot office and retail building in Manhattan’s Flatiron District. The five-story building was fully leased at the time of sale.