STAG Capital buys Ohio facility

STAG Capital Partners continues to expand its holdings with the recent acquisition of a large office facility in Dayton, Ohio.

The value of the transaction was not disclosed.

The building, which totals 131,000 square feet, is situated on 10 acres of land at 4646 Needmore Road.

At the time of sale, the property was fully leased to Electronic Data Systems Corp., a provider of business and technology solutions that aims to help its clients worldwide improve their business performance.

$24M Hollywood multifamily deal

Prometheus Real Estate Group Inc. has paid $24 million to purchase the recently renovated Franklin Plaza Apartments in the Hollywood district of Los Angeles.

The 80-unit property, which was sold by R.W. Selby and Co. Inc., is located at 7230 Franklin Ave. It comprises 62,972 square feet in one three-story building and is situated on a 36,634-square foot lot.  more...

SoCal's Villas at Tustin sell

The Villas at Tustin Apartments in Tustin, Calif., recently sold to an out-of-state investor for a price of $74.3 million.

Chicago-based Waterton Associates purchased the 406-unit property from San Mateo, Calif.-based Acacia Capital Corp. Built in 1971, this property is just minutes from the 806-acre Platinum Triangle redevelopment area, which is entitled for 7 million square feet of office and retail and is expected to bring 26,000 new jobs to the submarket, according to a press statement.  more...