| KAL Freight Inc Takes 50k sf of Logistics Space in Arlington, TX
KAL Freight Inc, a commercial freight management logistics company, has signed a lease for 49.9k sf of industrial space in Arlington, TX. The space brings the 543.4k sf facility, located at 600 109th St, to over 90% leased.
| Westcore Buys 149k sf Warehouse in Phoenix
Westcore paid $12.4 mil for 148.7k sf ($83/sf), Class A industrial warehouse in Phoenix, AZ. The property, located at 4455 West Camelback Rd, in Phoenix’s Southwest Valley submarket, along U.S. Route 60 and near I-17.
| Hong Kong-Based Company Spends $63 Mil on AZ Res Community
Button Capital Limited paid $63.5 mil for Park Place at Fountain Hills, a 230-unit ($276k/unit), Class A multifamily community located in Fountain Hills, AZ. Button Capital is a Hong Kong-based global private equity real esta...
| Local Investor Spends $8 Mil on Trio of DaVita Dialysis Properties in the Dallas Area
A private investor out of Dallas purchased three single-tenant properties occupied by DaVita Dialysis in the Dallas metropolitan area. The portfolio is comprised of DaVita North in Plano, DaVita East in Garland, and DaVita Ce...
| CapRock Partners Buys 217k sf Industrial Facility in Phoenix
CapRock Partners purchased a newly constructed, 216.9k sf industrial facility in Phoenix. The Class A property is located at 7200 W. Roosevelt St, roughly a quarter mile south of I-10.
The property’s strategic location place...
| FedEx Freight Facility in Texas Purchased for $25.7 Mil by Exchange Investor
A private investor involved in a 1031 exchange paid $25.7 mil for 7012 FM 3009, a 101k sf ($254/sf) mission critical facility leased to FedEx Frieght in Schertz, TX. It was sold by a California-based private investor.
| ABB Leases 400k sf Industrial Building in Phoenix
ABB has leased a newly built, 400k sf industrial building in Phoenix, to use as the international firm’s West Coast Distribution Center for its Electrification Installation Products business (formerly Thomas & Betts). Terms ...
| Brixton Capital Buys 250-Unit TX Res Asset
Brixton Capital has acquired a 250-unit multifamily property in Corpus Christi, TX. The price was not disclosed.
Built in 1983, the property is located at 6947 Everhart Rd and totals 216k sf. Apartments range in size from 64...
| CA Investor Exchanges into Texas Walgreens Property
A CA-based 1031 exchange investor purchased a 13.8k sf, single-tenant, freestanding retail property occupied by Walgreens in Garland, TX. The property is located at 2614 Lavon Dr.
Walgreens has been operating at this locatio...
| Transwestern Development Company and Diamond Realty Investments Buy 20 Acres for TX Industrial Project
Transwestern Development Co, in a joint venture with Diamond Realty Investments, has acquired a 20.83-acre site at the intersection of West Dairy Ashford and Airport Blvd in Sugar Land, TX. The firm plans to develop a two-bui...
| Hines Picks Up 11 Acres in Phoenix for Luxury Res Development
Hines has acquired 11 acres of land in north Phoenix, on which the firm intends to develop a 325-unit luxury for-rent residential property. The project is located at the northwest corner of Happy Valley Rd and 35th Ave.
| Darwin German Real Estate Acquires 255-Unit TX Multifamily Asset
Darwin German Real Estate purchased Gold Creek Apartments, a 255-unit, Class A multifamily property in Dallas, TX. The deal was funded with $27.4 mil in debt and equity financing arranged by LA-based Nova Capital.
Built in 2...
| Las Vegas Apartment Property Trades in $35 Mil Deal
Altura on Duneville, a 228-unit apartment project located in Las Vegas, has sold for $35.5 mil, or $155.7k/unit. It is located at 5050 Duneville St, within a few miles of the Las Vegas Strip in the Spring Valley submarket.
| AZ Logistics Center Purchased by Cohen Asset Management for $61 Mil
Cohen Asset Management acquired West 202 Logistics Center, a 554.3k sf, Class A state-of-the-art distribution facility in Phoenix. The property was sold by Trammell Crow Company, which developed the project, for $61 mil, or $...
| Hines and Oaktree Capital Management Acquire AZ Land for Spec Industrial Project
Hines and Oaktree Capital Management L.P. have acquired land in Glendale, AZ for the future development of two spec industrial buildings, each 569.5k sf in size. The project, located just off of Loop 303 between Glendale Ave ...
| OC Entity Pays $182/sf for AZ Office Property
A 32.4k sf, Class A office/flex building in Tempe, AZ sold for $5.9 mil, or $182/sf. The property, located at 914 S. 52nd St, was purchased Anaheim-based Crowne Pointe Equity LLC.
The property sits on 2.36 acres and is 100% ...
| Carlsbad Investor Buys 7.2k sf Portion of AZ Shopping Center
Blue Hat LLC, out of Carlsbad, purchased a 7.2k sf portion of Santa Cruz Plaza shopping center in Tucson, AZ for $2.5 mil ($347/sf).
Located at 3782 S. 16th Ave, the multi-tenant property is an outparcel shop building to F...
| Nicola Wealth Real Estate Acquires 277k sf of Vegas Industrial Assets
Nicola Wealth Real Estate acquired a three-property, 276.9k sf industrial portfolio in the Las Vegas area from CapRock Partners. The price was not given out.
The transaction marks Nicola Wealth’s first venture into the Las V...
| Entrada Partners Buys 152k sf Texas Office Building
Entrada Partners has purchased Travis Park Plaza, a 151.7k sf, Class A office building and a six-story garage in San Antonio. The price was not disclosed.
Built in 1970 and later renovated in 2001 and 2019, the seven-story, ...
| The Voit Company Spends $10 Mil on AZ Industrial Asset
The Voit Company acquired Progressive U.S. 60 Commerce Center, a 73.2k sf, Class A industrial building in Gilbert, AZ, for $10.09 mil ($138/sf). The multi-tenant property is 100% leased to Progressive Insurance and Phoenix Lo...