Acquisitions

Marcus & Millichap Brokers $25M Sale of Shopping Center in Pembroke Pines, Florida

by John Nelson October 1, 2025

PEMBROKE PINES, FLA. — Marcus & Millichap has brokered the $25 million sale of Palm Square, a 77,621-square-foot shopping center located in Pembroke Pines, a city in South Florida’s Broward County. Kirk Olson and Drew Kristol of Marcus & Millichap represented the seller, Galium Capital, and procured the buyer, an affiliate of JBL Asset Management, in the transaction. Palm Square was 94 percent leased at the time of sale to tenants including Atlantic Montessori School, Goldfish Swim School, Smile Experts Dentistry, Florida Health Care and Fordham Fitness, as well as outparcels leased to Sherwin-Williams, Dunkin’ and KFC. Built in 1987, the shopping center last sold in 2019 for nearly $20.5 million, according to Olson.

October 1, 2025

Acquisitions Massachusetts Northeast Retail

Zelco Properties, AGW Partners Buy 34,000 SF Retail Condo in Belmont, Massachusetts

by Taylor Williams October 1, 2025

BELMONT, MASS. — Zelco Properties & Development, in partnership with AGW Partners, has purchased a 34,000-square-foot retail condo in Belmont, a western suburb of Boston. The space is located within The Bradford, a newly constructed development that houses 115 apartments across three buildings in addition to the retail condo. Retail spaces range in size from 450 to nearly 20,000 square feet. Starbucks currently anchors the condo, which also includes purpose-built restaurant space. The partnership has tapped Connecticut-based Charter Realty to lead leasing efforts.

October 1, 2025

Acquisitions Arizona Industrial Loans Office Western

Gantry Secures $16.3M Acquisition Loan for Two Flex Industrial Buildings in Phoenix

by Amy Works October 1, 2025

PHOENIX — Gantry has secured $16.3 million in financing for a private real estate investor for the acquisition of two buildings located at 950 and 960 W. Behrend Drive in Phoenix. The properties offer 124,308 square feet of industrial and office space. Tim Storey, Adam Parker, Chad Metzger and Andrew Christopherson of Gantry’s Phoenix office arranged the five-year, fixed-rate loan through a regional bank. The loan features two years of interest-only payments while the property stabilizes and then transitions to a 30-year amortization.

October 1, 2025

Acquisitions California Restaurant Retail Western

Hanley Investment Group Arranges $3.7M Sale of Starbucks-Occupied Retail Property in Santa Barbara

by Amy Works October 1, 2025

SANTA BARBARA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant retail property located at 402 N. Milpas St. in Santa Barbara. A Los Angeles-based developer sold the asset to a San Francisco-based 1031 exchange investor for $3.7 million. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, while the buyer was self-represented. The 2,149-square-foot Starbucks Coffee location, which opened in April, features the company’s new café-only prototype design.

October 1, 2025

Acquisitions California Retail Western

Progressive Real Estate Partners Brokers $1.9M Sale of Retail Building in Yucca Valley, California

by Amy Works October 1, 2025

YUCCA VALLEY, CALIF. — Progressive Real Estate Partners has arranged the sale of a multi-tenant retail building at 57990 29 Palms Highway in Yucca Valley. A Los Angeles County, Calif.-based private investor sold the asset to a Los Angeles County-based private investor for $1.9 million. Crazy Bargains, Luxury Nail Spa and No Limits Boutique are tenants at the 13,593-square-foot property. Lance Mordachini of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the transaction.

October 1, 2025

Acquisitions Colorado Office Western

Owner-User Acquires 19,409 SF Office Building in Centennial, Colorado for $1.7M

by Amy Works October 1, 2025

CENTENNIAL, COLO. — Burgeon Properties Denver LLC has purchased an office building, located on 0.76 acres at 4901 E. Dry Creek Road in Centennial, from Non Paddle LLC for $1.7 million. Built in 1979, the 19,409-square-foot property features private offices, open work areas and suites with kitchens. The building was 80 percent occupied at the time of sale, providing a revenue stream while allowing space for the buyer’s operations. Paul Cattin of Platinum Commercial Real Estate represented the seller in the deal, while the buyer was unrepresented in the transaction.

October 1, 2025

Acquisitions Midwest Office Ohio

Cushman & Wakefield Brokers Sale of 170,000 SF Office Campus in New Albany, Ohio

by Kristin Harlow October 1, 2025

NEW ALBANY, OHIO — Cushman & Wakefield has brokered the sale of a 170,000-square-foot office campus located at 8111 Smith’s Mill Road in New Albany near Columbus. EOG Resources Inc., one of the largest crude oil and natural gas exploration and production companies in the United States, was the buyer. The campus will house EOG Resources’ new Columbus division, adding support for the company’s Utica Shale asset development close to its operations in the region. The LEED Gold-certified building offers office, training and lab facilities along with modern amenities. Randy Stephens and W. Allan Meadors of Cushman & Wakefield represented EOG Resources in the transaction. The company plans to open the new office later this year.

October 1, 2025

Acquisitions Office Retail Texas

HGIT Acquires Office, Retail Development in Houston for $137.5M

by Taylor Williams September 30, 2025

HOUSTON — Hines Global Income Trust (HGIT) has acquired Montrose Collective, a 189,000-square-foot office and retail development located just outside of downtown Houston, for $137.5 million. Montrose Collective houses the offices of Live Nation and Pattern Energy, as well as a range of shopping and dining establishments. Montrose Collective was fully leased at the time of sale. John Mooz and Ashley Prasse-Freeman led the transaction for the new ownership on an internal basis. The seller was not disclosed.

September 30, 2025

Acquisitions Industrial Texas

Brennan, PCCP Buy 1.3 MSF Industrial Park in Northwest Houston

by Taylor Williams September 30, 2025

HOUSTON — A joint venture between Chicago-based Brennan Investment Group and Los Angeles-based PCCP LLC has purchased a 1.3 million-square-foot industrial park in northwest Houston in a short-term sale-leaseback. The development, which will soon be vacant, comprises 16 buildings that range in size from 11,000 to 450,000 square feet on a 126-acre site. Constructed between 1999 and 2018, the buildings feature HVAC-equipped warehouses, bridge cranes, heavy power capacities, industrial outdoor storage space and above-standard clear heights. Brennan and PCCP acquired the property from subsea oil and gas equipment manufacturer Innovex. John Ferruzzo of KBC Advisors brokered the deal.

September 30, 2025

Acquisitions Multifamily Texas

Newmark Arranges Sale of 261-Unit River House Apartments in San Antonio

by Taylor Williams September 30, 2025

SAN ANTONIO — Newmark has arranged the sale of River House, a 261-unit apartment complex in San Antonio’s Riverwalk district. The midrise building was completed in 2015 and offers studio, one-, two- and three-bedroom units that range in size from 527 to 1,465 square feet. Amenities include a pool, fitness center, dog park, community kitchen and package lockers. Matt Michelson and Patton Jones of Newmark represented the seller, locally based investment firm Hixon Properties, in the transaction. The buyer and sales price were not disclosed. River House was 95 percent occupied at the time of sale.

September 30, 2025

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