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Deals news – page 71
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Representative imageCushman & Wakefield Brokers Sale of 256,381 SF Industrial Portfolio in Northern New JerseyCARLSTADT AND EAST RUTHERFORD, N.J. — Cushman & Wakefield has brokered the sale of a portfolio of four industrial buildings totaling 256,381 square feet in the Northern New Jersey communities of Carlstadt and East Rutherford.
Representative imageCAPREIT Acquires 114-Unit Apartment Complex in Brentwood, New YorkBRENTWOOD, N.Y. — CAPREIT has acquired Broadway West, a 114-unit apartment complex in the Long Island community of Brentwood.
Representative imageMarcus & Millichap Negotiates $14.5M Sale of Queens Industrial BuildingNEW YORK CITY — Marcus & Millichap has negotiated the $14.5 million sale of a 40,400-square-foot industrial building in Queens. Constructed in 1931, the fully leased building at 43-10 21st St.
Atlantic Capital Partners Arranges $78.5M Sale of 750,000 SF Shopping Center on Florida’s Space CoastWEST MELBOURNE, FLA. — Atlantic Capital Partners has arranged the $78.5 million sale of Hammock Landing, a 750,000-square-foot power retail center located in West Melbourne, a city on Florida’s Space Coast.
Convention Center Authority Acquires Adjacent Parking Garage Site in Downtown Nashville for $52MNASHVILLE, TENN. — The Convention Center Authority of Metro Government of Nashville & Davidson County has purchased the former Estes Kefauver Federal Building parking garage site, which sits one block from Music City Center in downtown Nashville. The U.S.
Colliers Brokers Sale of 246,446 SF Logistics Facility in Elgin, IllinoisELGIN, ILL. — Colliers has brokered the sale of a 246,446-square-foot logistics facility located at 2770 Alft Court in Elgin. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, Venture One. A publicly traded REIT was the buyer.
Rockpoint Scores Mid-Rise Apartment Property in WestwoodRockpoint, a Boston-based real estate private equity firm, has acquired Wilshire Margot, a 97-unit multifamily property located at 10599 Wilshire Blvd. in the Westwood neighborhood of Los Angeles.
Marcus & Millichap Closes Deal for Bronx Industrial with Redevelopment PotentialMarcus & Millichap recently closed the sale of 935 Garrison Ave., an industrial property in the Bronx. The asset sold for $10,275,000.
South Street Partners Acquires Its First Tri-State Resort in Western NJSouth Street Partners, a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC, acquired Crystal Springs Resort in Hamburg, Hardyston, Vernon and Franklin, NJ, from the founding families who have owned and operated the property since 1995.
Nonprofit Heading Home Seeks Buildable Land for Unsubsidized HousingHeading Home, Inc., a nonprofit provider of shelter, housing, and support services for families in Eastern Massachusetts, is actively seeking to acquire a property to test an unsubsidized, scalable affordable housing solution for working-class families across the commonwealth.
Bay Club Company Buys El Segundo, Calif., Property for $46MBay Club Company, which owns more than 35 recreation and lifestyle clubs on the West Coast, is expanding its real estate portfolio in Greater Los Angeles.
Prologis Drops $352M in Top South Florida Industrial Sale This YearPrologis has paid $352.2 million for an almost fully leased warehouse campus in Broward County, making it South Florida’s biggest industrial sale so far this year.
Gillett Commercial Eyeing 109K-SF Allen Office/Flex ProjectGillett Commercial is adding to its Allen portfolio. It purchased 6.64 acres of land located along US 75 from the Allen Economic Development Corp. for a 109,000-square-foot project named Allen Place.
RX Health Trust Pays $48M for Mesa Medical CenterCushman & Wakefield arranged the $48 million sale of Stapley Medical Center, a two-building, 181,710-square-foot medical office campus in Mesa, Arizona. The property is located at 1840 and 1910 S. Stapley Drive.
Berkadia Brokers Sale of 184-Unit Active Adult Complex in Magnolia, TexasMAGNOLIA, TEXAS — Berkadia has brokered the sale of Alders Magnolia, a 184-unit active adult complex located roughly 40 miles northwest of Houston.
Representative imageSkyWalker Buys 73,747 SF Office Building in North Fort WorthFORT WORTH, TEXAS — Local investment firm SkyWalker Property Partners has purchased Alliance Commerce Center, a 73,747-square-foot office building in North Fort Worth. The building is located within AllianceTexas and was 90 percent leased at the time of sale.
Representative imageCravey Real Estate Arranges Sale of 13,014 SF Industrial Building in Corpus ChristiCORPUS CHRISTI, TEXAS — Locally based brokerage firm Cravey Real Estate Services has arranged the sale of a 13,014-square-foot industrial building in Corpus Christi. The building at 3930 Bratton Road includes 1,000 square feet of office space.
Novant Building $300M Rock Hill Medical CampusThe City of Rock Hill sold a parcel to Novant Health so it can build a $300 million medical campus. The medical campus will take up about 25 acres at Palmetto Research Park (shown) and create the equivalent of 255 full-time jobs.
IPA Negotiates Sale of 114-Unit Highrailer Apartments in New Britain, ConnecticutNEW BRITAIN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Highrailer, a 114-unit apartment complex in New Britain, located southwest of Hartford.
Flournoy Acquires Charlotte Parcel, 351-Unit Rental Community on WayCousins is foregoing its plans to build a 17-story office highrise and a 19-story apartment building at West Tremont and Doggett in Charlotte, instead selling the parcel to Flournoy so Flournoy can develop it.