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MG Properties Acquires Mixed-Use Artist Walk Apartments In Fremont For $89.75M

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SOLD
$89,750,000
Scott MacDonald
Jason Parr
+ 5

California

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Mixed-use
Sold 09/13/2023
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SOLD

MG Properties Acquires Mixed-Use Artist Walk Apartments In Fremont For $89.75M

3888 Artist Walk Common

See Similar Deals
Mixed-use
Sold 09/13/2023
Scott MacDonald
Jason Parr
+ 5
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Summary

CALIFORNIA
Asset Type:Mixed-use
Transaction Type:Sale

The Artist Walk Apartments in Fremont have been acquired by MG Properties, a San Diego-based company, for $89.75 million. The mixed-use community consists of 185 units, along with 30,000 square feet of ground-floor retail space. The acquisition further strengthens MG Properties' presence in the Bay Area.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $89,750,000
  • Address: 3888 Artist Walk Commons
  • Market: Fremont

MG Properties' acquisition of the Artist Walk Apartments marks another step in their growing influence in the Bay Area. The company's successful bid of $89.75 million showcases their commitment to expanding their portfolio and meeting the demand for high-quality residential and retail spaces.

Players

Andrew Behrens
6 deals$364.5M volume
BROKER

Jesse Weber
CBRE
9 deals$433.7M volume
BROKER

Jason Parr
Berkadia
12 deals$699M volume
BROKER

Scott MacDonald
Berkadia
12 deals$699M volume
BROKER

Seth Siegel
Cushman & Wakefield
8 deals$588.9M volume
BROKER

Stephen Baird
CBRE
2 deals$124.5M volume(415) 254-6648
BROKER


David Gilbert
Clarion Partners
28 deals$1.9B volume
SELLER

Clarion Partners
LENDER

Details

SOLD
IMAGE: Seth Siegel, Scott MacDonald, Andrew Behrens, Jason Parr, Jeff Gleiberman, David Gilbert, Stephen Baird & Jesse Weber DATE: 09/13/2023 ADDRESS: 3888 Artist Walk Commons MARKET: Fremont ASSET TYPE: Mixed-use BUYER: MG Properties (@mg_properties_) - Jeff Gleiberman (@jeffgleiberman) SELLER: Clarion Partners - David Gilbert BROKERS: Jason Parr, Seth Siegel & Scott MacDonald - Cushman & Wakefield (@cushwake) LENDER: Freddie Mac (@freddiemaccorp) MORTGAGE BROKERS: Andrew Behrens, Jesse Weber & Stephen Baird - CBRE (@cbre) SALE PRICE: $89,750,000 UNITS: 185 ~ PPU: $485,135 NOTE: MG Properties, based in San Diego, has acquired the Artist Walk Apartments in Fremont for $89.75 million from Clarion Partners. The 185-unit mixed-use community includes 30,000 square feet of ground-floor retail, further strengthening MG Properties' presence in the Bay Area.

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