CREfirms.com

KYLE, TEXAS — JLL has arranged the sale of Kyle Crossing, a 121,485-square-foot retail center located in the Central Texas city of Kyle. Target, Kohls and Petco are the center’s anchor tenants. A partnership between Elm Creek Real Estate and Reserve Development LLC acquired the asset from SITE Centers Corp., an Ohio-based retail REIT, for an undisclosed price. Adam Howells, Tom Salanty and Caroline Binning of JLL brokered the deal.

JLL Arranges Sale of 121,485 SF Retail Center in Kyle, Texas - CRE firms KYLE, TEXAS — JLL has arranged the sale of Kyle Crossing, a 121,485-square-foot retail center located in the Central Texas city of Kyle. Target, Kohls and Petco are the center’s anchor tenants. A partnership between Elm Creek Real Estate and Reserve Development LLC acquired the asset from SITE C...

AUSTIN, TEXAS — Boutique investment firm Valor Capital Partners LLC has acquired Rialto I and II, a 160,000-square-foot office complex in southwest Austin. The two-building property, which is situated on 29 acres within the Lantana development, houses tenants such as LJA Engineering, Amica and Regus. Equitable Commercial Realty will handle leasing of the property, the seller of which was an undisclosed institutional owner. With this acquisition, Valor’s portfolio of office space in Austin now exceeds 500,000 square feet.

Valor Capital Partners Buys 160,000 SF Office Complex in Southwest Austin - CRE firms AUSTIN, TEXAS — Boutique investment firm Valor Capital Partners LLC has acquired Rialto I and II, a 160,000-square-foot office complex in southwest Austin. The two-building property, which is situated on 29 acres within the Lantana development, houses tenants such as LJA Engineering, Amica and Reg...

CARROLLTON, TEXAS — HFF has negotiated the sale of Villas of Josey Ranch, a 198-unit apartment property situated on 12.3 acres in the northern Dallas suburb of Carrollton. The property, which was 96.5 percent occupied at the time of sale, comprises 19 two-story buildings with one- and two-bedroom units averaging 849 square feet. Amenities include multiple pools, outdoor picnic areas, a 24-hour fitness center and a business center. [ 35 more words ]

HFF Negotiates Sale of 198-Unit Apartment Property in Metro Dallas - CRE firms CARROLLTON, TEXAS — HFF has negotiated the sale of Villas of Josey Ranch, a 198-unit apartment property situated on 12.3 acres in the northern Dallas suburb of Carrollton. The property, which was 96.5 percent occupied at the time of sale, comprises 19 two-story buildings with one- and two-bedroom ...

YORK, PA. — New Jersey-based Larken Associates has acquired The Reserve at Copper Chase, a 132-unit apartment community in York, a southern suburb of Harrisburg. The property was 90 percent occupied at the time of sale and offered amenities such as a pool and a playground. The new ownership will expand the community by an additional 107 units and rebrand it as Larken Luxury Living Community. [ 29 more words ]

Larken Associates Acquires 132-Unit Apartment Community in York, Pennsylvania - CRE firms YORK, PA. — New Jersey-based Larken Associates has acquired The Reserve at Copper Chase, a 132-unit apartment community in York, a southern suburb of Harrisburg. The property was 90 percent occupied at the time of sale and offered amenities such as a pool and a playground. The new ownership will e...

PHILADELPHIA — Marcus & Millichap has brokered the sale of a 44,500-square-foot office building located at 5548 Chestnut St. in west Philadelphia. The property, which sold for $5.8 million, is situated near multiple public transit lines. Fred Paisley of Marcus & Millichap represented the seller, a limited liability company that acquired the property in 2006, in the transaction. Paisley also secured the buyer, another limited liability company.

Marcus & Millichap Brokers Sale of 44,500 SF Office Building in West Philadelphia - CRE firms PHILADELPHIA — Marcus & Millichap has brokered the sale of a 44,500-square-foot office building located at 5548 Chestnut St. in west Philadelphia. The property, which sold for $5.8 million, is situated near multiple public transit lines. Fred Paisley of Marcus & Millichap represented the seller, a...

MALDEN, MASS. — Burgess Properties Inc., a brokerage firm serving the greater Boston area, has arranged the $2.8 million sale of a medical office building located at 450 Pearl St. in Malden, a northern suburb of Boston. The property spans 11,790 square feet, features 70 parking spaces and formerly housed the headquarters of North Suburban Orthopedics Inc. Steve Nohrden of Burgess Properties brokered the deal between the undisclosed seller and the buyer, MIC Pearl Property LLC.

Burgess Properties Negotiates $2.8M Sale of Medical Office Building in Malden, Massachusetts - CRE firms MALDEN, MASS. — Burgess Properties Inc., a brokerage firm serving the greater Boston area, has arranged the $2.8 million sale of a medical office building located at 450 Pearl St. in Malden, a northern suburb of Boston. The property spans 11,790 square feet, features 70 parking spaces and formerly...

SPRING, TEXAS — Passco Cos., a California-based investment and development firm, has acquired The Grayson, a 330-unit multifamily community located in the northern Houston suburb of Spring. Situated near Interstate 45 and State Highway 99, the community offers one-, two- and three-bedroom floor plans with stainless steel appliances, island kitchens with granite countertops, modern cabinets and fixtures and individual washers and dryers. [ 52 more words ]

Passco Acquires 330-Unit Apartment Community in Metro Houston - CRE firms SPRING, TEXAS — Passco Cos., a California-based investment and development firm, has acquired The Grayson, a 330-unit multifamily community located in the northern Houston suburb of Spring. Situated near Interstate 45 and State Highway 99, the community offers one-, two- and three-bedroom floor pl...

MORENO VALLEY, CALIF. — Rockefeller Group has acquired an 8.8-acre industrial land site in Moreno Valley for the development of Centerpointe Commerce Center, an industrial distribution facility. The company plans to begin construction of a 203,000-square-foot project this fall, with completion expected in summer 2020. Located on Cactus Avenue, the cross-docked building will feature 32-foot clear ceiling heights, 8,000 square feet of speculative office improvements, 109 auto parking stalls and 27 trailer parking stalls. Rockefeller Group acquired the property fully entitled and zoned from Newcastle Partners for $5.9 million.

Rockefeller Group to Develop 203,000 SF Centerpointe Commerce Center in California - CRE firms MORENO VALLEY, CALIF. — Rockefeller Group has acquired an 8.8-acre industrial land site in Moreno Valley for the development of Centerpointe Commerce Center, an industrial distribution facility. The company plans to begin construction of a 203,000-square-foot project this fall, with completion exp...

FAIRFIELD, CALIF. — Marcus & Millichap has negotiated the sale of the Courtyard by Marriott Fairfield Napa Valley Area, a hotel located at 1350 Holiday Lane in Fairfield. A limited liability company purchased the property for $19.9 million. The transaction included the 137-room hotel and an adjacent 1.9-acre development parcel. Renovated in 2016, the hotel features interior-corridor rooms, heated outdoor pool and spa, fitness center, business center, guest laundry facilities and 5,845 square feet of meeting space, as well as The Bistro restaurant. [ 42 more words ]

Marcus & Millichap Negotiates $19.9M Sale of 137-Room Courtyard by Marriott in California's Napa Valley - CRE firms FAIRFIELD, CALIF. — Marcus & Millichap has negotiated the sale of the Courtyard by Marriott Fairfield Napa Valley Area, a hotel located at 1350 Holiday Lane in Fairfield. A limited liability company purchased the property for $19.9 million. The transaction included the 137-room hotel and an adjace...

SEATTLE — Unico Properties, a subsidiary of Unico Investment Group, has purchased Washington Park Building, a historic building located in Seattle’s Pioneer Square submarket. Terms of the sale were not disclosed. The four-story Washington Park Building features 36,000 square feet of office space, with 83 percent leased to a number of small tenants. Originally constructed in 1890, the building was built for the Lowman & Hanford Stationery and Printing Co. [ 72 more words ]

Unico Properties Buys Historic Washington Park Building in Seattle’s Pioneer Square District - CRE firms SEATTLE — Unico Properties, a subsidiary of Unico Investment Group, has purchased Washington Park Building, a historic building located in Seattle’s Pioneer Square submarket. Terms of the sale were not disclosed. The four-story Washington Park Building features 36,000 square feet of office space...

CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $7.8 million sale of a 14-building, 289-unit portfolio of affordable apartments located primarily on Chicago’s West Side. The buyer, Chicago-based real estate investment firm Villa Capital Partners (VCP), purchased the portfolio from Chicago-based nonprofit NHS Redevelopment and plans to spend about $3 million to renovate the properties, which will remain affordable under a seven-year contract with the city. [ 331 more words ]

Interra Realty Brokers $7.8 Million Sale of 289-Unit Affordable Housing Portfolio on Chicago's West Side - CRE firms CHICAGO, IL – Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $7.8 million sale of a 14-building, 289-unit portfolio of affordable apartments located primarily on Chicago’s West Side. The buyer, Chicago-based real estate investment...

ORLANDO, FLA. — CBRE has negotiated the $32.5 million sale of a two-building office portfolio totaling 182,753 square feet in Orlando. The assets include Windsor at Metrocenter located at 2101 Park Center Drive and Berkshire at Metrocenter located at 2145 Metrocenter Blvd., with both locations offering convenient access to the downtown area and the Florida Turnpike. The Class A portfolio was 89 percent leased at the time of sale to 11 tenants. [ 26 more words ]

CBRE Negotiates $32.5M Sale of Two-Building Office Portfolio in Orlando - CRE firms ORLANDO, FLA. — CBRE has negotiated the $32.5 million sale of a two-building office portfolio totaling 182,753 square feet in Orlando. The assets include Windsor at Metrocenter located at 2101 Park Center Drive and Berkshire at Metrocenter located at 2145 Metrocenter Blvd., with both locations off...