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JLL Arranges JV Equity, Acquisition Debt on Jersey City MultifamilyJLL Capital Markets arranged joint venture equity and acquisition financing for Jasmin Terrace II, a 56-unit, newly built, luxury apartment building in Jersey City. Senior Managing Directors Thomas R.
Hendrie Lane JV Acquires Andover Manufacturing PortfolioHendrie Lane Capital, V12 Investments, and The Zaro Group acquired 3 & 6 Riverside Dr., a two-building, 170,771-square-foot research and development and advanced manufacturing portfolio in Andover, MA, for $43.5 million. The seller was Ciminelli Real Estate Corporation.
CIP Pays $61M for San Gabriel Valley Business ParkCIP Real Estate has acquired a multi-use business center in the supply-constrained San Gabriel Valley submarket for $60.65 million.
Fort Partners Buys Hotel Next to Its Four Seasons Property in Palm BeachFort Partners purchased an oceanfront hotel in Palm Beach., Fla., from real estate investor Jeff Greene, next door to the Four Seasons resort it owns.
David Burris, Investor Group Buy Mixed-Use Upper East Side Site for $28MTerra Holdings’ David Burris and a group of investors have made a $28.1 million covered land play on Manhattan’s Upper East Side.
TA Realty Pays $105M for Wellington Rental CommunityJPMorgan Investment Management sold The Polo Lakes Apartments in Wellington for more than twice what it paid. The South Florida Business Journal reports JP Morgan paid $47.75 million for the property in 2002.
Representative imageMoody Rambin Arranges Sale of 33,000 SF Industrial Complex in HoustonHOUSTON — Locally based brokerage firm Moody Rambin has arranged the sale of Bennington Business Park, a 33,000-square-foot industrial complex located in the Independence Heights area of Houston.
Representative imageMarcus & Millichap Brokers Sale of 15,000 SF Gas Station, Convenience Store in Junction, TexasJUNCTION, TEXAS — Marcus & Millichap has brokered the sale of Gordo’s Travel Center, a 15,000-square-foot gas station and convenience store in Junction, about 115 miles northwest of San Antonio.
L&L Infinite Acquires 42-Story Office Building in Midtown ManhattanNEW YORK CITY — L&L Infinite Real Estate Partners, a development and investment firm with offices in New York City and West Palm Beach, has acquired 600 Third Avenue, a 42-story office building in Midtown Manhattan.
Swickard Acquires 90% Stake in Portland’s Park Avenue WestJeff Swickard, president and CEO of Swickard Group, has acquired a 90% interest in Park Avenue West, the fourth-largest building in downtown Portland and the latest prominent high-rise in his nearly $250 million investment in the city over the past year.
Nashville Retail Portfolio Trades for $54.3MVintage South offloaded a retail center portfolio made up of two Nashville properties. The 134,000-square-foot package was acquired by LBX Investments for $54.3 million. The Infill Nashville Portfolio comprises Breeze Block at 6100-6110 Robertson Ave.
Decron Properties Acquires Apartment Property in Los Angeles for $114MLOS ANGELES — Locally based Decron Properties has acquired 5550 Wilshire, a 163-unit apartment community in the Miracle Mile area of Los Angeles. According to the Los Angeles Business Journal, the seller was private equity real estate investor GID, headquartered in Atlanta.
TruAmerica Buys 200-Unit Bridges at San Ramon Multifamily Complex in San Francisco Bay AreaSAN RAMON, CALIF. — TruAmerica Multifamily has acquired Bridges at San Ramon, a 200-unit community in San Ramon. With this acquisition, the Los Angeles-based investment firm owns and operates 1,240 units in the San Francisco Bay area. The seller was not disclosed.
Cushman & Wakefield Arranges $33.7M Sale of Office Building in Ontario, CaliforniaONTARIO, CALIF. — Cushman & Wakefield has brokered the sale of 901 Via Piemonte, a Class A office building in Ontario. MGR Real Estate purchased the asset from Greenlaw Partners LLC for $33.7 million.
CBRE Negotiates $60M Sale of Milwaukee Multifamily PortfolioMILWAUKEE — CBRE has arranged the sale of St. James Place and Arbor Ridge Apartments, a 374-unit multifamily portfolio in Milwaukee, for $60 million. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller, Weidner Apartment Homes.
JLL Arranges Sale of 500,406 SF Industrial Building Near IndianapolisMOORESVILLE, IND. — JLL Capital Markets has arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot sustainable food packaging building in Mooresville near Indianapolis.
Representative imageNorthmarq Expands Investment Platform with Acquisition of Thirdline Capital ManagementMINNEAPOLIS — Minneapolis-based Northmarq has acquired Thirdline Capital Management LLC, a registered investment advisor that manages the Thirdline Real Estate Income Fund (TREIX).
Lee & Associates Brokers $4.5M Land Sale for Industrial Development in Metro ChicagoFRANKLIN PARK, ILL. — Lee & Associates of Illinois has brokered the $4.5 million sale of 4 acres at 11330 W. Melrose Ave. in Franklin Park.
Representative imageJLL Negotiates Sale of 93,785 SF Shopping Center in Linden, New JerseyLINDEN, N.J. — JLL has negotiated the sale of The Shops at Legacy Square, a 93,785-square-foot shopping center located in the Northern New Jersey community of Linden.
Suburban Manufacturing, R&D Property Sells For $43.5M: The Boston Deal SheetHendrie Lane Capital and its partners bought the Andover asset as part of a new strategy focused on manufacturing and research and development properties.