Tuesday, July 22, 2025
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Acquisitions

21300-Vanowen-St-Los-Angeles-CA
AcquisitionsCaliforniaIndustrialWestern

Marcus & Millichap Brokers Sale of 50,000 SF Industrial Property in Los Angeles

by Amy Works

LOS ANGELES — Marcus & Millichap has arranged the purchase of an industrial building located at 21300 Vanowen St. in Los Angeles. The asset traded for $16.3 million. Adam Abushagur, Ari Greene and Joshua Cohan of Marcus & Millichap represented the buyer, a limited liability company, in the deal. Situated on 2.4 acres, the single-tenant, 50,000-square-foot distribution center offers 16-foot clearances and 11 dock-high and grade-level doors. At the time of sale, the property was occupied by a FedEx Ship Center on a triple-net lease at market rate.

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AcquisitionsMidwestOhioRetail

Automotive Properties REIT Acquires Tesla Collision Center in Suburban Columbus for $17.8M

by Kristin Harlow

DUBLIN, OHIO — Automotive Properties REIT has acquired a Tesla-occupied collision center in the Columbus suburb of Dublin for $17.8 million. The property consists of a roughly 94,000-square-foot Tesla collision service center facility on 6.3 acres along a commercial corridor at 5600 Britton Parkway near I-270. The REIT funded the purchase of the asset with cash on hand and by drawing on its revolving credit facilities. The seller was a third party.

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AcquisitionsIllinoisMidwestMultifamily

Eastham Capital Sells Ridgeland Station Apartment Community in Chicago Ridge for $10M

by Kristin Harlow

CHICAGO RIDGE, ILL. — Eastham Capital has sold Ridgeland Station, an 84-unit apartment community in Chicago Ridge, for $10 million. Eastham acquired the property for the portfolio of Eastham Capital Fund V LP in partnership with Bender Cos. in February 2019. Ridgeland Station marked the first collaboration between Eastham and Bender. To date, the partners have co-invested in nine projects with a 10th in the pipeline. Under Bender’s management, Ridgeland Station maintained strong occupancy levels and was 95 percent leased at the time of disposition. Average rents increased 9.7 percent year over year. The community consists of a mix of one- and two-bedroom units.

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AcquisitionsIllinoisIndustrialMidwest

Brown Commercial Group Brokers $2.4M Sale of Industrial Building in Des Plaines, Illinois

by Kristin Harlow

DES PLAINES, ILL. — Brown Commercial Group has brokered the sale of a 22,050-square-foot food distribution building in the Chicago suburb of Des Plaines for $2.4 million. The property was customized for food distribution and includes nearly 6,000 square feet of cooler space and 2,530 square feet of walk-in freezer space. Mason Hezner and Candace Scurto of Brown represented the seller, Athos Rawls Road LLC. Joe Karmin of Transwestern represented the buyer, GCB LLC, which plans to use the space for a similar food distribution business.

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AcquisitionsLife SciencesMassachusettsNortheastOffice

Shorenstein, Tritower Buy 480,000 SF Office, Life Sciences Campus in Bedford, Massachusetts

by Taylor Williams

BEDFORD, MASS. — A joint venture between San Francisco-based Shorenstein Investment Advisors and Boston-based investment firm Tritower has purchased The Xchange, a 480,000-square-foot office and life sciences campus in Bedford, located northwest of Boston. The site of the eight-building development is located along State Route 3 and adjacent to the interchange with State Route 128 and can support future expansion. At the time of sale, The Xchange was 99 percent leased to tenants in industries such as robotics, battery development, diagnostic instruments and advanced materials technology. The seller and sales price were not disclosed.

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AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Brokers $13.8M Sale of Midtown Manhattan Apartment Complex

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $13.8 million sale of a 24-unit apartment complex located in Midtown Manhattan. The property at 640-644 10th Ave. spans 17,932 square feet across three contiguous buildings and includes three commercial spaces. Christopher Dintrone, Joe Koicim and Logan Markley of Marcus & Millichap represented the seller and procured the local buyer, both of which requested anonymity, in the transaction.

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AcquisitionsNew JerseyNortheastRetail

Kislak Negotiates $4.2M Sale of Apartment Building in Paterson, New Jersey

by Taylor Williams

PATERSON, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $4.2 million sale of Redwood Apartments, a 16-unit, newly constructed apartment building located in the Northern New Jersey community of Paterson. The unit mix comprises two studios, six one-bedroom apartments and eight two-bedroom residences. Joni Sweetwood of Kislak represented the seller in the transaction, and Robert Squires, also with Kislak, procured the buyer. Both parties were limited liability companies.

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NOVA-Apartments-San-Antonio
AcquisitionsMultifamilyTexas

JLL Brokers Sale of 412-Unit Nova Apartments in Northwest San Antonio

by Taylor Williams

SAN ANTONIO — JLL has brokered the sale of Nova Apartments, a 412-unit multifamily community in northwest San Antonio. The property was built on 31 acres in 2009 and offers one-, two- and three-bedroom units. Amenities include multiple pools and dog parks, as well as a fitness center, business center, coffee bar, game room and outdoor grilling and dining stations. Robert Arzola, Ryan McBride and Robert Wooten of JLL represented the seller, Metlife Investment Management, in the transaction. The buyer and sales price were not disclosed.

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AcquisitionsIndustrialNortheastPennsylvaniaSelf-Storage

Marcus & Millichap Brokers Sale of 265-Unit Self-Storage Facility in Somerset, Pennsylvania

by Taylor Williams

SOMERSET, PA. — Marcus & Millichap has brokered the sale of Edgewood Grove Storage, a 265-unit self-storage facility in Somerset, about 65 miles southeast of Pittsburgh. The property, which also features a residential component of seven houses and five apartments, was built in phases beginning in 1997 and totals 35,100 net rentable square feet of storage space. Jared Houck, Kevin Bledsoe and Matthew Junkin of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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One-Jefferson-Road-Parsippany-New-Jersey
AcquisitionsNew JerseyNortheastOffice

Signature Acquisitions Buys 100,010 SF Office Building in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — Signature Acquisitions has purchased a 100,010-square-foot office building in the Northern New Jersey community of Parsippany. Built on 8.5 acres in 2009, the building was fully leased at the time of sale to law firm Day Pitney, which is in the process of relocating. Jose Cruz, Jeremy Neuer, Ryan Robertson and Bradley Wachenfeld of JLL represented the seller, Office Properties Income Trust, in the transaction and procured Signature Acquisitions as the buyer.

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