Wednesday, April 8, 2026
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Acquisitions

AcquisitionsCaliforniaHealthcareOfficeWestern

CBRE Arranges $6.6M Sale of Medical Office Building in Long Beach, California

by Amy Works

LONG BEACH, CALIF. — CBRE has brokered the sale of a medical office building, located at 200-202 W. Wardlow Road in Long Beach. A private seller sold the asset to an undisclosed buyer for $6.6 million. Bill Maher, Anthony DeLorenzo, Bryan Johnson and Gary Stache of CBRE represented the seller in the deal. Originally constructed in 1964 and remodeled in 2017, the single-story building features 8,691 square feet of medical office space. The buyer plans to convert the medical building with operating rooms into an office building to accommodate the expansion needs of the buyer’s business.

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AcquisitionsLouisianaRetailSoutheast

Routh Group Purchases 560,343 SF Louisiana Boardwalk Shopping Center in Bossier City

by John Nelson

BOSSIER CITY, LA. — Routh Group has purchased Louisiana Boardwalk, a 560,343-square-foot, open-air shopping center located at 540 Boardwalk Blvd. in Bossier City, a northern Louisiana city bordering Shreveport. Adam Howells, Ryan Shore, Zach Riebe, Matthew Barge and Cole Sutter of JLL represented the undisclosed seller that sold the value-add property for $30.5 million. Situated along I-20 and the Red River, Louisiana Boardwalk is within walking distance of two major casinos: Margaritaville Resort Casino and Horseshoe Bossier City Casino. The shopping center was 67 percent leased at the time of sale to tenants such as Bass Pro Shops, Regal Cinemas, Dollar Tree, Nike and Cumulus Media, among others. According to JLL, the property has about 185,000 square feet of retail and office space available for lease.

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AcquisitionsMultifamilyTexas

Brixton Capital Acquires 240-Unit Apartment Community in Seabrook, Texas

by Taylor Williams

SEABROOK, TEXAS — Southern California-based investment firm Brixton Capital has acquired Regatta Bay, a 240-unit apartment community located about 30 miles southeast of Houston in Seabrook. Built in 2003, the property consists of 15 two- and three-story residential buildings and a pool, fitness center, dog park and tenant lounge. The seller was not disclosed. Brixton plans to upgrade the unit interiors, including new appliances, flooring, countertops and cabinetry, as well as updated lighting and plumbing fixtures.

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AcquisitionsNew JerseyNortheastOffice

Edgewood Properties Buys 250,000 SF Office Building in Basking Ridge, New Jersey

by Taylor Williams

BASKING RIDGE, N.J. — Locally based investment and development firm Edgewood Properties has purchased Westgate, a 250,000-square-foot office building in the Northern New Jersey community of Basking Ridge. The building was constructed in 1991 to house the headquarters of Everest Reinsurance Co. That company relocated to Warren Corporate Center in summer 2019. Amenities include a full-service cafeteria, fitness center, outdoor terrace and landscaped gathering spaces and a conference room. Jose Cruz, Kevin O’Hearn, Sean Ryan, Steve Simonelli, Michael Oliver and Grace Braverman of JLL represented the undisclosed seller in the transaction.

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AcquisitionsLife SciencesMassachusettsNortheastOffice

Peak Real Estate Negotiates Sale of 62,000 SF Office, Lab Building in Lowell, Massachusetts

by Taylor Williams

LOWELL, MASS. — Boutique brokerage firm Peak Real Estate Partners has negotiated the sale of a 62,000-square-foot office and lab building located at 75 Technology Drive in the northern Boston suburb of Lowell. Jumbo Capital sold the property to Boston-based Rhino Capital Advisors for an undisclosed price. Anthony Biette of Peak Real Estate brokered the deal on behalf of both parties. Northmarq arranged acquisition financing through Cambridge Savings Bank. The building was fully leased at the time of sale.

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AcquisitionsIllinoisMidwestRestaurantRetail

Quantum Negotiates $32.7M Sale of Retail Center in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Quantum Real Estate Advisors Inc. has negotiated the sale of an 81,760-square-foot retail center in Naperville for $32.7 million. The property, which was 96 percent leased at the time of sale, is home to Old Town Pour House, Maggiano’s Little Italy, White Chocolate Grill, Morton’s Steakhouse, Jason’s Deli, Naf Naf Grill, Bombay Wraps and Brick’s Wood Fire Pizza. Chad Firsel, Dan Waszak and Zack Hilgendorf of Quantum represented the seller, a Dallas-based institutional investment firm, and the buyer, a Philadelphia-based investment fund.

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AcquisitionsMassachusettsNortheastRetail

SRS Arranges $7.2M Sale of Retail Property in Burlington, Massachusetts

by Taylor Williams

BURLINGTON, MASS. — SRS Real Estate Advisors has arranged the $7.2 million sale of an 8,815-square-foot retail property in the northern Boston suburb of Burlington. The property was built in 2016 and was fully leased at the time of sale to tenants such as Starbucks and Sherwin-Williams. Matthew Mousavi and Patrick Luther of SRS represented the seller, a private regional developer, in the transaction. Susan Harris, also with SRS, represented the buyer, an East Coast-based private partnership. Both parties requested anonymity.

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AcquisitionsIndianaMidwestRetail

Boulder Group Brokers $4.1M Sale of Firestone-Occupied Property in Portage, Indiana

by Kristin Harlow

PORTAGE, IND. — The Boulder Group has brokered the $4.1 million sale of a single-tenant retail property occupied by Firestone in Portage, a city in Northwest Indiana. The 6,116-square-foot building is located on Highway 6. Randy Blankstein and Jimmy Goodman of Boulder represented the buyer, a Midwest-based investor completing a 1031 exchange. A national development firm was the seller.

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AcquisitionsIowaMidwestRetail

Marcus & Millichap Arranges $1.8M Sale of Retail Center in Davenport, Iowa

by Kristin Harlow

DAVENPORT, IOWA — Marcus & Millichap has arranged the sale of Elmore Avenue Shoppes in Davenport for $1.8 million. The 9,800-square-foot retail center is located at 4810 Elmore Ave. The center was more than 85 percent leased at the time of sale to GameStop, Hungry Hobo, Novel Nail Studio, Computer Repair Center and 100% Chiropractic. The Rowlett Group, investment specialists in Marcus & Millichap’s Milwaukee office, represented the seller, a private investor group. The team also represented the buyer, which was a member of the seller’s investor group.

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AcquisitionsNew JerseyNortheastOffice

Edgewood Properties Buys 250,000 SF Office Building in Basking Ridge, New Jersey

by Taylor Williams

BASKING RIDGE, N.J. — Locally based investment and development firm Edgewood Properties has purchased Westgate, a 250,000-square-foot office building in the Northern New Jersey community of Basking Ridge. The vacant building was constructed in 1991 to house the headquarters of Everest Reinsurance Co. That company relocated to Warren Corporate Center in summer 2019. Amenities include a full-service cafeteria, fitness center, outdoor terrace and landscaped gathering spaces and a conference room. Jose Cruz, Kevin O’Hearn, Sean Ryan, Steve Simonelli, Michael Oliver and Grace Braverman of JLL represented the undisclosed seller in the transaction.

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