SAN DIEGO, CA – MG Properties, a leading real estate investment and management company, announced its recent acquisition of Artist Walk Apartments, located in Fremont, California.
Artist Walk is a 185-unit mixed-use community with 30,000 sq. ft. of ground floor retail, completed in 2017. Strategically situated in the heart of Fremont, the dynamic mix of popular local retail tenants has created a vibrant mixed-use community, supporting a sense of community, and providing onsite amenities for residents.
“We are thrilled to welcome Artist Walk Apartments to the MG Properties portfolio,” said Jeff Gleiberman, President of MG Properties. “We continue to believe in the long-term economic potential of the Bay Area and are pleased to add another high-quality property to our portfolio there.”
The seller, Clarion Partners, was represented by Jason Parr, Seth Siegel, and Scott MacDonald of Cushman and Wakefield. Financing for the transaction was provided by Freddie Mac and arranged by CBRE Capital Markets’ Andrew Behrens, Jesse Weber, and Stephen Baird.