Recent commercial real estate acquisitions
Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest completed transactions include an apartment in New Jersey and a retail property in California.
Harbor Group International purchased the 439-unit Pheasant Hollow multifamily community at 19 Pheasant Hollow Drive in Plainsboro, N.J. The sellers, Angelo, Gordon & Co. and Vantage Properties, sold the property for $62.58 million.
In Cerritos, Calif., the Barros family sold the Cerritos Best Plaza, a 357,220-square-foot retail plaza, for $61.8 million. The buyer was CenterCal Properties.
Buyer | Seller | Type | Units | Location | Price (M) | Price/Units |
Harbor Group International | Angelo, Gordon & Co./Vantage Properties | Apartment | 440 units | Plainsboro, NJ | $62.58 | $142,215.91 |
Florida Value Partners | Federal Capital/Angelo, Gordon & Co. | Apartment | 447 units | Bladensburg, MD | $48.60 | $108,724.83 |
Trade Street Residential | Flournoy Cos. | Apartment | 346 units | Greenville, SC | $41.95 | $121,242.77 |
Northstar Healthcare Income Trust/The Freshwater Group | LandPlan Development | Apartment | 202 units | Frisco, TX | $39.50 | $195,544.55 |
Pattillo Construction | Aslan Realty Partners | Industrial | 576,000 sf | Morrisville, NC | $26.85 | $46.61 |
New Balance | BLM Realty Trust | Industrial | 27,000 sf | Boston, MA | $10.08 | $373.15 |
Aaron Paris/Paul Fishbein/Lou Silver | Macy's | Industrial | 1400,000 sf | Chicago, IL | $10.00 | $7.14 |
Campanelli Cos/.TriGate Capital | JER Partners | Industrial | 164,000 sf | Chelmsford, MA | $7.18 | $43.75 |
Campanelli Cos./TriGate Capital | JER Partners | Industrial | 49,600 sf | Chelmsford, MA | $2.59 | $52.22 |
Gables Residential | GTIS Partners/Cypress Creek Capital | Office | 295,706 sf | Tampa, FL | $30.36 | $102.67 |
Starwood Capital Group | Muller Co./GE Capital Real Estate | Office | 432,096 sf | Phoenix, AZ | $24.10 | $55.77 |
John Sung/Janet Sung | Windsong Medical Park | Office | 72,000 sf | Buffalo, NY | $16.25 | $225.69 |
Butters Real Estate/Bristol Group | LNR Partners | Office | 203,056 sf | Pompano Beach, FL | $12.60 | $62.05 |
Campanelli Cos./TriGate Capital | JER Partners | Office | 87,000 sf | Acton, MA | $2.84 | $32.59 |
CenterCal Properties | Barros Family | Retail | 357,220 sf | Cerritos, CA | $61.80 | $173.00 |
Jerry Simms | Karlin Real Estate | Retail | 160,228 sf | Scottsdale, AZ | $44.58 | $278.25 |
Inland Real Estate Corp. | EDENS | Retail | 50,900 sf | Stoughton, MA | $15.80 | $310.41 |
Realty Income Corp. | Dollar General | Retail | 11,862 sf | Hudson, FL | $2.63 | $221.77 |
Realty Income Corp. | Dollar General | Retail | 12,382 sf | Gainesville, FL | $2.49 | $201.14 |