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Deals news – page 84
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Representative imageDisney Investment Group Negotiates $82.2M Sale of Retail Power Center in Norman, OklahomaNORMAN, OKLA. — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the $82.2 million sale of University Town Center, a 416,766-square-foot retail power center in Norman, home of the University of Oklahoma.
Representative imageWeitzman LP Acquires 87,857 SF Shopping Center in ArlingtonARLINGTON, TEXAS — A limited partnership (LP) managed by Weitzman has acquired Cooper Street Annex, an 87,857-square-foot shopping center in Arlington. Cooper Street Annex was fully leased at the time of sale to tenants such as Cavender’s Boot City, O’Reilly Auto Parts, Chuck E.
Harbor Associates, Farallon Capital Acquire 280,000 SF Yorba Linda Commerce Center in CaliforniaYORBA LINDA, CALIF. — A joint venture between Harbor Associates and Farallon Capital Management has purchased Yorba Linda Commerce Center, a small-bay industrial campus in Yorba Linda, in an off-market transaction valued at $81 million.
CBRE Brokers $6.2M Sale of Harbor Central Retail Center in West SacramentoWEST SACRAMENTO, CALIF. — CBRE has arranged the sale of Harbor Central, a neighborhood retail center in West Sacramento. A subsidiary of CJ Park & Associates acquired the asset from Harbor Corners LLC for $6.2 million.
Finmarc Sells Capital Marketplace Retail Center in Raleigh for $80.6MRALEIGH, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power shopping center located on 53 acres along U.S. Route 1 in Raleigh.
Harbor Associates, Farallon Acquire Yorba Linda Industrial Campus Off-MarketHarbor Associates, LLC, in a joint venture with Farallon Capital Management, has acquired the Yorba Linda Commerce Center, a 280,000-square-foot, small bay, multi-tenant industrial campus in an off-market transaction valued at $81 million. Located at 3910 Prospect Ave.
Upland Apartments’ Original Developer Divests for $48MInstitutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the sale of Upland Village Green, a multifamily asset in Upland.
CJ Park Acquires West Sacramento Neighborhood CenterHarbor Central, a neighborhood shopping center in West Sacramento, California, has sold for $6.2 million. A subsidiary of CJ Park & Associates acquired Harbor Central from Harbor Corners LLC. Randy Getz and Rick Martinez of CBRE in Sacramento represented the seller.
Marcus & Millichap Completes 20-Townhome Portfolio Deal in WisconsinMarcus & Millichap closed the sale of a 20-townhome portfolio in New Richmond, Wisconsin, for $4.6 million. The portfolio consists of 20 townhomes on Norway Pine Circle. Built in 2016, all units are three-bedroom, two-bathroom homes.
BD Hotels Sells Chambers Hotel to Canadian Investment Firm for $66.2MRichard Born’s BD Hotels has sold the shuttered Chambers Hotel Central Park South, according to property records made public Monday. Toronto-based investment firm Hennick & Company bought the 16-story property at 13-15 West 56th Street in Midtown for $66.2 million, records show.
Terra Buys Out Condo Development, to Build New Biscayne Bay VentureA Miami planning agency greenlit Terra’s plan to build a 28-story tower in Miami Beach overlooking Biscayne Bay. The Miami Business Journal reports that the 238-unit condo development will take up the 1.9-acre parcel where much of the 106-unit project will go up.
Whole Foods-Anchored Chamblee Retail Center Trades for $55.4MHarrison Street Asset Management offloaded a 106,000 Atlanta shopping center for $55.4 illion. Peachtree Station was purchased by TA Realty. The Whole Foods-anchored center is 100% leased. The lease remains in effect until 2037.
Representative imageLee & Associates Negotiates Sale of Four Industrial Outdoor Storage Sites in TexasDALLAS — Lee & Associates has negotiated the sale of four industrial outdoor storage (IOS) sites in Texas. The facilities — located at 1927 W. Commerce St.
11North Acquires 285,497 SF Grocery-Anchored Retail Center in Altamonte Springs, FloridaALTAMONTE SPRINGS, FLA. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J.
WMC Commercial Buys Upland Village Green Multifamily Property in California for $48.5MUPLAND, CALIF. — WMC Commercial Properties has purchased Upland Village Green, a multifamily community in Upland, from an undisclosed seller for $48.5 million.
Representative imageTrade Winds Properties Acquires Office Condos in Tucson for $1.8MTUCSON, ARIZ. — Trade Winds Properties LLC has purchased 13,602 square feet of office condos within St. Mary’s Medical Plaza II, located at 1704 W. Anklam Road in Tucson. NWI St. Mary Medical Plaza Holdco LLC sold the assets for $1.8 million.
Cushman & Wakefield Brokers $26.4M Sale of Build-to-Rent Community in Matteson, IllinoisMATTESON, ILL. — Cushman & Wakefield has brokered the $26.4 million sale of The Manors at Brookmere, a 108-unit build-to-rent (BTR) community in Matteson, a southern suburb of Chicago. Homebuilder Lennar developed the property in 2016.
Colliers Negotiates Sale of 149,012 SF Industrial Portfolio in IndianapolisINDIANAPOLIS — Colliers has negotiated the sale of Georgetown Commerce Park, a two-building light industrial portfolio totaling 149,012 square feet in Indianapolis.
Cooper Group Arranges Sale of Multi-Tenant Retail Center in Washington Court House, OhioWASHINGTON COURT HOUSE, OHIO — The Cooper Commercial Investment Group has brokered the sale of Fayette Square, a multi-tenant retail center in Washington Court House, about 50 miles east of Dayton. The property is fully leased and shadow anchored by Walmart Supercenter.
Realterm Acquires Hunts Point Outdoor Storage FacilityRealterm, an independent global investment manager focused on the transportation industry, completed the acquisition of 935 Garrison Ave., an industrial outdoor storage (IOS) maintenance facility in the Hunts Point submarket of The Bronx. Terms were not disclosed.