Publications

Transactions - FEBRUARY 14, 2014

Recent commercial real estate acquisitions

by Andrea Waitrovich

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

 

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