16-Property Portfolio Sale Completed for $100M+ Assets Attract Buyers from Throughout U.S.

PHOENIX, ARIZONA –  Colliers in Arizona, in conjunction with Colliers agents throughout the U.S., is pleased to announce the $100+ million sale of a nationwide 16-property portfolio sold by a private investment fund.  The grouping of assets included charter schools and three non-charter properties. Locations span from California to Florida and together total more than 765,135 square feet of building space and nearly 100 acres of land.

“This unique collection of alternative investment assets offered a complex assignment with varied product types and locations,” says Mindy Korth, executive vice president with Colliers in Arizona.  “These properties, situated in six different states and the District of Columbia, were sold to nine separate buyers.  Our team of brokers and support staff performed impressively in covering every detail of the varied transactions.”

Korth and Todd Noel of Colliers in Arizona worked with other Colliers agents in the local regions for the sale of the assets.  Korth and Noel represented the seller, a private investment fund.

Included in the sale were 13 charter schools located in Arizona, Florida, Ohio, Michigan and Washington, D.C.  Also involved were two properties in Florida and Indiana, as well as an office building in Sacramento, CA.  The office and other properties were previously used for education purposes and will now be repurposed. The portfolio sale of four of the Florida schools was announced recently.

Following are the names and addresses of the assets sold:

Charter School Assets

  • Cesar Chavez College Preparatory School, 2400 Mock Rd., Columbus, OH
  • Champion Academy of Distinction – Davie Campus, 3367 N. University Dr., Davie, FL
  • Cleveland Arts & Social Sciences Academy, 10701 Shaker Blvd., Cleveland, OH
  • Desert Star Academy Middle School, 1530 Pinion Rd., Fort Mohave, AZ
  • Detroit Public Safety Academy, 1236 and 1250 Rosa Parks Blvd., Detroit, MI
  • Genesee STEM Academy, 5240 Calkins Rd., Flint Township, MI
  • Hope Lamond Community Public Charter School – Lamond Campus, 6200 Kansas Ave. NE, Washington, DC
  • Lake Erie Preparatory School, 14405 St. Clair Ave., Cleveland, OH
  • Northside Prep Academy, 4750 Winton Rd., Cincinnati, OH
  • Renaissance Charter School of Plantation, 6701 W. Sunrise Blvd., Plantation, FL
  • Renaissance Charter School at University, 8399 N. University Dr., Tamarac, FL
  • South Scioto Performance Academy, 2200 Winslow Dr., Columbus, OH
  • Cloud Preparatory Academy, 3101 Progress Ln. St. Cloud, FL

Non-Charter School Assets

  • 3840 Rosin Court, Buiding D, Sacramento, CA
  • 4751 Walgreen Rd., Jacksonville, FL
  • 5435 W. Pike Plaza Rd., Indianapolis, IN