LEAGUE CITY, TEXAS — Berkadia has brokered the sale of Grand Living at Tuscan Lakes, a 186-unit seniors housing property in League City, about 30 miles southeast of Houston. Opened in 2023, the property offers independent living, assisted living and memory care residences. Amenities include a pool, theater, spa, fitness center, library and a lounge. Town Land and Arcole Partners acquired the property from Bow River Capital and Ryan Cos. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia brokered the deal.
NEW YORK CITY — Local investment firm Jonathan Rose Cos. has purchased The Caroline Apartments, a 126-unit affordable housing building in the Inwood section of Upper Manhattan, for $53 million. The building was constructed in 1980 and last renovated in 2008. Income restrictions were not disclosed. The new ownership plans to invest nearly $20 million in capital improvements to the property, including upgrades to building systems and unit interiors, enhancements to the community center and energy-efficiency upgrades. Jonathan Rose Cos. also plans to bring in a full-time resident services coordinator. Th seller was Related Cos.
VONORE, TENN. — Brennan Investment Group has acquired a 202,000-square-foot manufacturing facility located in the East Tennessee city of Vonore, about 35 miles south of Knoxville. The seller and sales price were not disclosed. The facility is fully leased to Commercial Vehicle Group (CVG), a global manufacturer of commercial vehicle systems, under a new 20-year absolute net lease. The facility is one of two seating manufacturing plants operated by CVG in the United States. Situated on roughly 42 acres, the property offers access to I-75, I-40, McGhee Tyson Airport and the Port of Tellico.
ROHNERT PARK, CALIF. — Levin Johnston of Marcus & Millichap has directed the sale of a 67,584-square-foot medical office property located at 5900 State Farm Drive in Rohnert Park. A private family ownership group acquired the asset from an undisclosed seller for $23.7 million. Kaiser Permanente and Petaluma Health Center anchor the two-story property. Robert Johnston, Adam Levin and Justin Fink of Levin Johnston of Marcus & Millichap represented the seller and procured the buyer in the deal.
POCATELLO, IDAHO — CBRE has arranged the sale of a 59.7-acre industrial development site located at 1800 River Park Way in Pocatello on behalf of developer Portneuf Capital. Lex Development acquired the site for an undisclosed price. The property consists of two industrial-zoned parcels that currently contain 45,904 square feet of office space and 113,048 square feet of warehouse space. Formerly a Hoku Materials manufacturing site, the property has undergone entitlement and planning work under current ownership and is positioned for future business park or owner-user development. The site is participating in a brownfield development program, with a Phase I environmental assessment completed and no further action required. Kurt Gregg, Tim Reid and Montana Carranza of CBRE represented the seller in the transaction.
CHICAGO — Kohan Retail Investment Group has acquired 131 South Dearborn, a 1.5 million-square-foot office tower formerly known as Citadel Center in Chicago’s central business district. The purchase price of $137 million represents a 76 percent discount from the property’s 2006 sales price, according to Crain’s Chicago Business. The acquisition was completed alongside investment partners Alan Assil and Kevin Assil, whose partnership has supported the continued expansion of Kohan’s office portfolio. Kohan, which is based in Great Neck, N.Y., and led by Mike Kohan, owns and operates retail, office and mixed-use properties. A partnership between Angelo, Gordon & Co., Hines and Dearborn Capital Group acquired the property in 2016. It was completed in 2003.
PHOENIX — Marcus & Millichap has arranged the $4.4 million purchase of a single-tenant retail property located at 2975 W. Dove Valley Road in Phoenix. An Arizona-based limited liability company acquired the asset from an undisclosed seller. Chipotle occupies the 2,458-square-foot restaurant building, which was built in 2025. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the buyer in the off-market transaction.
SAUGET, ILL. — The St. Louis Regional Freightway has added 160 acres to its pipeline of rail-accessible real estate sites. Located in Sauget, just east of St. Louis, the addition consists of four contiguous parcels and brings the aggregate inventory of rail-served sites in the region to more than 4,600 acres. The properties are located within or adjacent to Sauget Business Park. Upper Cahokia Road is the largest of the four parcels with 103 acres of land just northeast of Sauget Business Park. Parcels 7 and 8 within Sauget Business Park are located just off Sauget Business Boulevard, next to existing facilities for Amazon, Stellar Manufacturing and Sensient, and total 44.7 acres. The final parcel, 1635-1643 Sauget Business Park, totals 12.6 acres along Sauget Business Boulevard. All four sites can be rail-served via the adjacent CPKC railroad and are located within an enterprise zone and tax-increment financing district.
JOLIET, ILL. — Marcus & Millichap has brokered the sale of Rock Run Residences, a 128-unit multifamily property in Joliet. Built in 2002 and fully renovated between 2021 and 2024, the property consists of seven buildings totaling 81,960 rentable square feet. Amenities include a clubhouse, fitness center, community kitchen, pool, sundeck, picnic area and sand volleyball court. The community features convenient access to I-80 and I-55 as well as Rock Run Crossings, a retail and entertainment destination. Ryan Engle and Andrean Angelov of Marcus & Millichap represented the buyer and seller, both of which were private investors.
PITTSBURGH — TPG Real Estate has acquired ECHO Realty, a full-service owner and operator of grocery-anchored retail real estate, in a transaction valued at $2 billion. TPG, a global asset management firm based in San Fransisco, partnered with global investment groups PSP Investments, La Caisse and Norges Bank Investment Management for the transaction. “Our more than two decades of building and operating neighborhood, necessity-based shopping destinations demonstrate the enduring demand for grocery-anchored retail close to home,” says Thomas Karet, founder and CEO of ECHO. “With TPG’s investment and business-building expertise, we are confident ECHO is well-positioned to capitalize on demand for necessity-based shopping in key, high-performing markets.” Founded in 2000, ECHO owns and operates approximately 230 retail centers across the Midwest and Southeast U.S. markets, anchored by grocery and convenience stores such as Giant Eagle, Publix, Harris Teeter, Safeway, ACME Markets, Whole Foods Market and Alimentation Couche-Tard (GetGo). Since inception, the Pittsburgh-based company has acquired and developed more than 16 million square feet of neighborhood and regional centers. Notable shopping centers and properties owned by ECHO Realty include: The TPG-led investor group will partner with ECHO’s management team to scale the business across existing and new markets, while advancing acquisition …
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