The larger building, a 14,200-sf building at 1799 Union St., is 100% leased to a mix of retail and office tenants including Bayside Bar & Grill, Tango, Robert Berry, and Yogurt Bar. Grosvenor International sold the building to Catalyst Ventures. Local industry sources tell GlobeSt.com the sale price was close to the asking price, which was $7 million.

The other transaction was 1723 Union St., an 11,200-sf building that has been vacant for three years. Crunch Fitness acquired the building in May for $4.3 million and sold it this past month to Hollywood Horizon Properties for $7.2 million after committing to a 15-year leaseback. The building was last occupied by ladies apparel retailer Georgiou. Crunch Fitness plans to renovate the space and open a fitness center there by next summer.

Colliers broker Tim Maas, who had the disposition assignment for both buildings, tells GlobeSt.com that both sold at sub-6% cap rates to buyers looking to complete IRS 1031 exchanges. Maas was joined by fellow Colliers broker Tony Crossley in the 1799 Union St. transaction. In the other, he was assisted by fellow Colliers broker Doug Baird.