West Shore’s Post

PURCHASED OFF-MARKET | Bunnings Shellharbour (Albion Park) On behalf of our #private #foreign #investor client, Tas Costi , Jacky He 贺奕升 and Zackery Harkins have just #exchanged on #Bunnings #Shellharbour for $40,600,000. This transaction, purchased on an initial #yield of 4.89% which increases to over 5.02% by January 2025, represents the #largest Bunnings Warehouse to exchange hands in New South Wales in over three years and largest nationally since early 2023. The #property occupies a highly strategic 32,000+ square metre site and offers 13,120 square metres of GLA. Bunnings opened in 2018 and offers outstanding security of #income and tenure, offering a WALE of ~6 years, with further extensive option periods to 2078. Jacky He 贺奕升 comments “Asian investors are increasingly seeking generational assets with reputable tenants like Bunnings, whose strong covenant and proven market resilience make them ideal for high-growth areas like Shellharbour.” It was a pleasure dealing with James Douglas and Jack Tourish of CBRE who brokered the deal on behalf of Charter Hall. Read the article here: https://lnkd.in/gm8g9BqU Tas Costi Jacky He 贺奕升 Zackery Harkins Simon Cohen Shani Costi Sasha Rodriguez Lachlan Kahl Veronique Schwind

It was a pleasure to work with the team at Outwest Investments on this one, and I'm excited to see them transform this asset! Benton Adams #coloradomultifamily #multifamily #multifamilyrealestate #multifamilyinvesting #realestateinvesting #realestate

Dive into Our Latest Market Insights with Jones Street’s Matthew Ranalli In a recent Commercial Real Estate Direct article written by Orest Mandzy, Matt shares insights into the current market landscape and how we're positioning ourselves for success. "Now is a good time to buy," he said. "Cap rates are higher, and folks are on the sidelines." Despite the increase in rates, we see a prime opportunity for favorable risk-adjusted returns. Ranalli stated that in our markets, rent growth continues to be robust and renewals are strong. Read the full article here for an in-depth look into our recent acquisitions and strategies: https://lnkd.in/ebdDQZrX #CommercialRealEstate #InvestmentStrategies #MarketInsights #JonesStreet #SuccessStory

Big Moves in Fort Worth! Bradford Commercial Real Estate Services is proud to announce the successful off-market acquisition of McMillan Center, a 137,083-sf, rail-served complex on 9.9 acres, for renowned entrepreneur and commercial property investor Ron Sturgeon. This former Coors distribution center, with prime visibility from I-35 and proximity to Meacham International Airport, will soon become the new headquarters for Ron Sturgeon Real Estate. Extensive renovations are already underway, transforming the main 115,078-sf building, while additional office and maintenance facilities will be available for lease. “It was on the market for lease. It checked a lot of boxes for what we’d been looking for, so I called. The buyer loved the location and made a compelling offer,” says Shane Benner, first vice president at Bradford and the buyer's broker. Congratulations to Ron Sturgeon on this exciting next chapter and to Shane Benner for delivering the ideal property! Read more here: https://ow.ly/TLgX50Uxk0C #BradfordCRE #FortWorthRealEstate #CommercialRealEstate #CREDeals

We are pleased to announce the closing of a 73,000-square-foot distribution center in Norcross, Georgia, located within the northeast Atlanta market. The property sold for $8,463,636, equating to $115.94 per square foot. Kurt Hediger, Senior Vice President of Graystone represented the buyer, Faropoint, a U.S.-based real estate investment firm that focuses on last mile industrial real estate. The 73,000-square-foot center is fully occupied by SRS Distribution, the fastest growing distributor of building products in the United States, on a triple net basis. The industrial asset features clear heights ranging 22 feet, 4 external docks, and two drive-in doors. The 9.93-acre site provides potential for industrial outdoor storage. “1400 Beaver Ruin Rd is a unique opportunity to reposition a well-located facility,” says Hediger. “Faropoint will implement a substantial interior and exterior renovation as part of a reposition strategy for the asset to capitalize on strong demand for quality industrial space within the Atlanta market." “We believe the Norcross sub-market offers a unique value proposition, bridging Atlanta's dense urban core with its growing northern suburbs,” said Dave Zealear, Director of Acquisitions at Faropoint. “With the property's strategic location and outside storage component, we see significant opportunity to reposition the property. This acquisition demonstrates our ability to identify properties where we can leverage our operational expertise to create value in supply-constrained infill locations.” Situated northeast of Atlanta, 1400 Beaver Ruin Rd has immediate access to I-85 with connection to I-283, downtown Atlanta, and Hartsfield-Jackson Atlanta Airport. Norcross is strategically located between the affluent northern suburbs of Atlanta, and the denser urban core. As a result, industrial tenants often opt for smaller infill sites in the area, accepting higher rents in exchange for reduced transportation costs.

You don't need a big brand to make big deals! Firms like McVay Real Estate, with just five employees, are handling transactions of $200M+. Recently, they sold hotels worth half a billion dollars. Similarly, Stonebridge, founded by former major firm employees, is thriving in retail and bulky goods. Joshua Charles #realestateInvesting #commercialproperty #smallfirmbigdeals

How do you last 50 years in business and remain as competitive as ever? For legendary real estate pro Edward W. Easton, founder of The Easton Group, it's been a family affair, as he told the South Florida Real Deal in this revealing Q-and-A. Andrew Easton Edward Dalton Easton C.J. Easton Harrison Easton #industrial #industrialrealestate #CRE #commercialrealestate #southfloridarealestate #realestateinvestment

Kirk Olson and Drew A. Kristol completed the sale of Village Market at Wesley Chapel, a 98,547-square-foot shopping center and five freestanding net-leased buildings in Wesley Chapel, Florida. The property sold for $30 million. “One hundred percent occupied with multiple tenants on short term leases, this acquisition gives the buyer many mark-to-market opportunities,” said Kirk D. Olson. Read the full story: https://lnkd.in/gGaMnjxx #cre #commercialrealestate #retail

🚨 **Real Estate News Alert: Houston Edition!** 🚨 Exciting developments in the Houston real estate market! Venterra Realty has officially completed the acquisition of **The Townhomes at Lake Park**, a 247-unit rental property. This marks another impressive milestone for Venterra Realty, which has a strong presence in Pearland and a proven track record of successful acquisitions in the area. Meanwhile, Canyon Partners Real Estate has teamed up with Gilbane Development Company to form a joint venture, further solidifying real estate development opportunities within the Houston region. These strategic moves highlight the ongoing growth and demand within the Houston and Pearland areas—key locations in Texas' booming real estate market. If you’re considering buying, selling, or investing in Houston real estate, this news is a clear sign that the market is thriving! Let **The Alam Group** be your trusted partner in navigating the world of Houston real estate. 🏡✨ 💡 **Ready to make your next move?** Contact us today for any of your real estate needs—we're here to help! 📩 DM us or visit our website to get started. Let’s make your real estate dreams a reality! 🌟 #TheAlamGroup #TevasRealEstateGroup #HoustonRealEstate #HoustonTX #PearlandRealEstate #RealEstateInvesting #LuxuryLiving #MarketTrends #MultifamilyRealEstate

Ex-Masters in Sunbury for sale by Stonebridge Property Group Stonebridge’s Justin Dowers and Kevin Tong have been appointed to market the Ex-Masters in Sunbury for sale. Justin Dowers said “This is a high quality and highly unique asset. An incoming purchaser will benefit from a 20-year net lease to a strong covenant (10 years remaining) plus future potential to reconfigure the Property as a dominant LFR centre. An opportunity like this is exceptionally rare, with almost every ex-Masters in the country being owned by HMC Capital, leaving just a handful privately owned. “ Kevin Tong said “Sunbury is highly underserviced by dedicated large format retail centres with just one Centre in the catchment providing a lettable area of 5,500 sqm. This leaves a substantial market gap with many national LFR tenants not having a store in the catchment. In addition to the current undersupply, Sunbury’s population is expected to continue growing at over 4% p.a. which equates to an additional 66,186 residents in the catchment by 2046.” Read more on COMMO -https://lnkd.in/gTShtGMa Julian White Ashleigh James  Max Warren Tom Moreland Nic Hage Dylan Kilner Michael Collins Steve James Lucas Gentile Hamish Cameron Philip Gartland Rorey James Chao Zhang #stonebridge #exmastersforsale #sunburyforsale #propertyinvestment #realestateinvestment #commercialinvestment #lfr #retailrealestate #retailproperty