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JH Real Estate buys Calif. retail asset for $47M; NC office park sells for $46M

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JH Real Estate buys Calif. retail asset for $47M; NC office park sells for $46M

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* JH Real Estate Partners Inc. acquired the 165,508-square-foot, 97%-leased Bristol Center community shopping center, on 14.18 acres at 3601-3825 S. Bristol St. in Santa Ana, Calif., for about $46.5 million from Sarofim Realty Advisors Co.

* The Dilweg Cos. paid about $42.8 million for the 13-building, roughly 65%-leased Vanguard Center office park, and almost $2.9 million for a building at 5501 77 Center Drive, in Charlotte, N.C., the Charlotte Business Journal reported, citing a source familiar with the deal. True North Management Group LLC sold all but one building in the Vanguard Center, and a Denver-based group sold the 5501 77 Center Drive building, the report added.

* iStar Inc. sold a 212,000-square-foot industrial property at 3630 NW 25th St., 3500 NW 24th St. and 2401 NW 36th Ave. in Miami to the Banco Daycoval SA-affiliated Dayan family of Brazil for about $22.8 million, The Real Deal reported.

* Automotive Properties REIT agreed to buy the 34,646-square-foot Country Hills Volkswagen dealership property on about 4.7 acres at 11380 Stonehill Drive NE in Calgary, Alberta, for about C$18.0 million. The property is operated by a Dilawri Group of Cos. company and will be triple-net leased for 18 years to Country Hills Volkswagen.

* Carter Validus Mission Critical REIT II acquired a two-story, fully leased, 21,990-rentable-square-foot medical office building on 1.5 acres in Carrollton, Texas, for about $8.5 million, excluding acquisition fees and costs.

* One Liberty Properties Inc. purchased the 82,565-square-foot Plymouth Industries warehouse building on 7.05 acres in Plymouth, Minn., for $5.5 million, in a sale-leaseback deal with Plymouth Industries Inc. The building is net-leased to the seller through 2033.

Additional coverage

Report: Brookfield Property closes on NYC rental tower in $1.9B portfolio deal

The Peebles Corp. partnership submits plans for $1B project in Los Angeles

Howard Hughes pays $180M for NYC parking lot

Beacon Capital sells Va. office property