MG Properties, a real estate investment and management company based in San Diego, recently acquired Artist Walk Apartments located in Fremont from Clarion Partners for $89.75 million. The 185-unit mixed-use community also includes 30,000 square feet of ground-floor retail space.
Jeff Gleiberman, President of MG Properties expressed his enthusiasm regarding the purchase: “We remain confident in the long term economic prospects of the Bay Area and are excited to add this high quality property to our portfolio”.
Cushman & Wakefield represented Clarion Partners with Jason Parr, Seth Siegel and Scott MacDonald leading negotiations on their behalf while Freddie Mac provided financing which was arranged by CBRE Capital Markets’ Andrew Behrens Jesse Weber and Stephen Baird .
The Orange County Connect event will take place at VEA | Newport Beach Marriott on September 27th 2023 concurrently with Connect Healthcare Real Estate taking place over two days from September 27th – 28th 2023 . To register for either event please click here or here respectively
