BRE DDR BR NORTHPOINT FL LLC an affiliate of Blackstone Real Estate sold the Northpoint Shopping Center located at 1811-1847 NE PINE ISLAND RD CAPE CORAL, FL to ALTO NORTHPOINT LP for $17,836,000.00 on January 10, 2019. ALTO NORTHPOINT LP obtained a mortgage from Wells Fargo Bank in the amount of $11,000,000.00. The mortgage was executed by SCOTT G. ONUFREY, PRESIDENT & MANAGING PARTNER, INVESTMENT COMMITTEE MEMBER.
ALTO NORTHPOINT LP incorporated on December 13, 2018 and is classified as a Foreign Limited Partnership located at 1 ROCKEFELLER PLAZA, NEW YORK, 10020. According to the information provided on the ALTO Real Estate Funds website Alto is a series of closed end investment funds that specialize in value-add commercial real estate investments throughout the United States.
ALTO STATS: $1B ASSETS
Northpoint Shopping Center Site Summary:
Property Type: Retail
Year Built: 2008
Total Project size: 119,421 SF
Total Land Area: 16.41 AC
Tenants: Aldi, Bed Bath & Beyond, Michaels, PetSmart