Levin Johnston completes $23 million sale of 62-unit multifamily community in Alameda County, CA

 Mosaic Apartments, a 62-unit apartment community
at 19972 Stanton Avenue, Castro Valley, CA.

 

CASTRO VALLEY, CA, Feb. 15, 2022– Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, announces its most recent multifamily transaction.

 Mosaic Apartments, a 62-unit apartment community at 19972 Stanton Avenue, Castro Valley, CA, was sold.  Castro Valley is  an unincorporated community  in Alameda County, CA, about 27 miles southeast of San Francisco and 30 miles northwest of San Jose.

 

Adam Levin

Levin Johnston’s Executive Managing Director Adam Levin. represented the seller and procured the buyer in the transaction. 

   “By utilizing our deep industry and market knowledge, we were able to quickly identify and communicate the long-term value of Mosaic Apartments based on the strength of the property and the benefits of its location,” said Levin.

 “Our team has extensive experience in being ahead of the curve and recognizing the potential of often overlooked areas such as Castro Valley."

 Situated on 2.92 acres parcel of land, Mosaic Apartments was originally constructed in 1961 and has a gross building area of approximately 46,540 square feet.

 For more information about Levin Johnston’s $100 million in available properties, please visit www.levinjohnston.com.   

Contacts:

Arleeny Escarcega / Anthea Davis  

The Smart Agency, Inc.  

(949) 438-6262  

aescarcega@thesmartagency.com  

 

levinjohnston.com.  

 

Ware Malcomb Announces Completion of Rady Children’s Cerebral Palsy Center in San Diego, CA

 

Southern Family Center for Cerebral Palsy
 at Rady Children’s Hospital, located
 at 7910 Frost Street in San Diego, CA

SAN DIEGO, CA, Feb. 15, 2021) – Ware Malcomb, an award-winning international design firm has announced construction is complete on the Southern Family Center for Cerebral Palsy at Rady Children’s Hospital, located at 7910 Frost Street in San Diego, California. 

Ware Malcomb provided the interior architecture and design services for the project. 

The 6,400 square foot space is an OSHPD-3 clinic with 12 new exam rooms, casting room, X-ray room, three research offices, staff workrooms and reception area.

“This was a complex project with unique requirements, and its success directly affects the quality of life for patients with cerebral palsy,” said Brian M. Koshley, AIA, Regional Director for Ware Malcomb’s San Diego offices.

Brian M. Koshley

“We were honored to be contracted for this important project to help the Southern Family Center for Cerebral Palsy at Rady Children’s provide the most personalized and advanced care to all of their patients.”

Project construction was led by general contractor BNBuilders.

 Rady Children’s Hospital-San Diego has one of the nation’s most comprehensive programs dedicated to the care of children and adults with cerebral palsy.

 CONTACTS:

Rachel Reenders

VP Public Relations

 KCOMM for Ware Malcomb

rachel@kcomm.com

 Maria Rodgers, Public Relations Manager, 949.660.9128, mrodgers@waremalcomb.com

 Maureen Bissonnette, Principal, Marketing, 949.660.9128

 mbissonnette@waremalcomb.com

JLL Capital Markets brokers $9 million sale of Sunrise Plaza in Brooksville, FL

Sunrise Plaza, Brooksville, FL

  

 ORLANDO, FL, Feb. 15, 2022 – JLL Capital Markets has closed the $9.2 million sale of Sunrise Plaza, an 86,815-square-foot shopping center anchored by a high-performing Winn-Dixie in the Tampa-area community of Brooksville, Florida.

 JLL marketed the property on behalf of the seller, ProVest Properties, LLC. An affiliate of Long Island-based Island Associates Real Estate acquired the asset.

Brad Peterson

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Director Brad Peterson and Senior Director Whitaker Leonhardt.

 “Sunrise Plaza recently underwent an extensive renovation in 2021, which included a complete remodel of the highly successful Winn-Dixie grocery store, as well as capital improvement projects to the roof, parking lot, lighting and landscaping of the shopping center,” Leonhardt said. 

“These improvements coincide with the road widening of Cortez Boulevard and the recent expansion of I-75 by the Florida Department of Transportation." 

Whitaker Leonhardt

Sunrise Plaza is anchored by Winn-Dixie, one of the largest supermarket chains in the Southeast.

Constructed in 1991 and most recently renovated in 2021, the 90-percent-leased center is also home to a mix of national and local tenants, including Anytime Fitness, Winn-Dixie Liquor, Beef 'O' Brady's, Access Care Health Physicians and River Ridge Animal Clinic.

 With the nearest competitive grocery store more than 10 miles from Sunrise Plaza, the property is also the only anchored retail destination near the high-traffic intersection of Interstate 75 and Cortez Boulevard (SR 50), the primary east-west roadway in the region, which sees a combined 73,000 vehicles per day.

The center is at 31070-31188 Cortez Blvd. on the “going home” side of the road in Brooksville, which is 40 miles north of downtown Tampa.

 The property serves an extended trade area that includes 25,490 residents earning an average annual household income of $63,028 living within a seven-mile radius.

 CONTACT:

Kimberly Steele

PR, Capital Markets

 Agency Leasing and Valuation Advisory 

JLL

T +1 713 852 3420

M +1 832 244 9994

JLL.com