Wednesday, April 8, 2026
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Acquisitions

AcquisitionsIllinoisIndustrialMidwest

Clear Height Properties, Harbert Purchase 49,954 SF Industrial Building in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — A joint venture between Clear Height Properties and Harbert US Real Estate, an investment fund sponsored by Harbert Management Corp., has purchased a 49,954-square-foot industrial building in the Chicago suburb of Naperville. The property, located at 2244 Corporate Lane, is fully occupied by two tenants. The building features a clear height of 20 feet and 10 drive-in doors. Adam Johnson and Tom Gnadt of NAI Hiffman represented the buyers. The seller and sales price were undisclosed.

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AcquisitionsIllinoisMidwestRetail

Greenstone Partners Arranges $3M Sale of Retail Center in Suburban Chicago

by Kristin Harlow

CRYSTAL LAKE, ILL. — Greenstone Partners has arranged the $3 million sale of a nearly 12,000-square-foot retail property in the Chicago suburb of Crystal Lake. The building, located at 5899 Northwest Highway, is 77 percent occupied with two vacant units. Jason St. John and AJ Patel of Greenstone represented the seller, a local, private partnership. The duo also procured the buyer, a private partnership completing a 1031 exchange.

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Office-Bldg-Camelback-Corridor-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

Holualoa Cos., LaPour Partners Divest of 115,000 SF Office Building in Phoenix

by Amy Works

PHOENIX — Holualoa Cos. and LaPour Partners have completed the disposition of a Class A office building in Phoenix’s Camelback Corridor. Oklahoma City-based Humphreys Capital bought the asset for $66.3 million, or $573 per square foot. The four-story, 115,000-square-foot building was 95 percent leased upon sale. The sellers acquired the site, which included seven existing two-story office buildings, in 2016. The existing structures were demolished and a LEED-certified building with a 326-space underground parking garage was developed on the site in 2018. Steve Lindley, Eric Wichterman, Alexandra Loye and Mike Coover of Cushman & Wakefield represented the seller in the transaction. The team also worked with Jerry Roberts and Pat Boyle of Cushman & Wakefield for office leasing advisory and Beth Lambert of Cushman & Wakefield for debt and equity finance.

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AcquisitionsIllinoisIndustrialMidwestSelf-Storage

Westport Properties Acquires Two Self-Storage Facilities in Chicagoland

by Jaime Lackey

CHICAGO AND WILMETTE, ILL. — Westport Properties has acquired two self-storage facilities in Chicagoland for an undisclosed price. The first property, located at 1516 N. Orleans Ave. in Chicago, totals 885 units and features wine storage, climate-controlled units, electronic gated access and 24-hour surveillance. The second asset, a 378-unit facility located at 3510 Wilmette Ave. in Wilmette, features RV and boat parking, climate-controlled units, electronic gated access and 24-hour surveillance. Westport will rebrand the properties under the US Storage Centers brand. The facilities mark Westport’s first two properties in Illinois. MJ Partners Self Storage Group represented the undisclosed seller.

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AcquisitionsHealthcareMidwestOhio

Avison Young Brokers Sale of Three-Building Medical Office Complex in Toledo

by Jaime Lackey

TOLEDO, OHIO — Avison Young has brokered the sale of a three-building medical office complex totaling 110,780 square feet in Toledo for an undisclosed price. The Regency Medical Campus features a surgery center, exam rooms, numerous physician and patient amenities, waiting areas and treatment areas. Mike Wilson, Erik Foster and Chris Livingston of Avison Young represented the seller, Barone Enterprises. Global Medical REIT was the buyer.

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AcquisitionsIllinoisIndustrialMidwest

Clear Height Properties, Harbert Purchase 49,954 SF Industrial Building in Naperville, Illinois

by Jaime Lackey

NAPERVILLE, ILL. — A joint venture between Clear Height Properties and Harbert US Real Estate, an investment fund sponsored by Harbert Management Corp., has purchased a 49,954-square-foot industrial building in the Chicago suburb of Naperville. The property, located at 2244 Corporate Lane, is fully occupied by two tenants. The building features a clear height of 20 feet and 10 drive-in doors. Adam Johnson and Tom Gnadt of NAI Hiffman represented the buyers. The seller and sales price were undisclosed.

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AcquisitionsIllinoisMidwestRetail

Greenstone Partners Arranges $3M Sale of Retail Center in Suburban Chicago

by Jaime Lackey

CRYSTAL LAKE, ILL. — Greenstone Partners has arranged the $3 million sale of a nearly 12,000-square-foot retail property in the Chicago suburb of Crystal Lake. The building, located at 5899 Northwest Highway, is 77 percent occupied with two vacant units. Jason St. John and AJ Patel of Greenstone represented the seller, a local, private partnership. The duo also procured the buyer, a private partnership completing a 1031 exchange.

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Andara-Senior-Living-Scottsdale-AZ
AcquisitionsArizonaMultifamilySeniors HousingWestern

CBRE Negotiates Sale of 170-Unit Andara Senior Living in Scottsdale, Arizona

by Amy Works

SCOTTSDALE, ARIZ. — CBRE National Senior Housing has arranged the sale of and acquisition financing for Andara Senior Living, a 170-unit luxury seniors housing community in Scottsdale. Built in 2010, the community is located in an affluent pocket of Scottsdale and nestled in the foothills of the McDowell Mountains. The campus features two three-story residential wings interconnected by a covered walkway. The community offers independent living and assisted living services. Reliant Group sold the property to a joint venture between Colonial Oaks Senior Living and Fortress Investment Group. Although the price wasn’t disclosed, CBRE provided a $37 million fixed-rate Freddie Mac acquisition loan in connection with the sale. This transaction represents CBRE’s third financing of the community after previously arranging acquisition financing on behalf of the seller in 2012 and an agency refinancing in 2018. The CBRE investment sales team consisting of John Sweeny, Aron Will, Garrett Sacco and Scott Bray represented the seller, while the CBRE debt and structured finance team consisting of Aron Will, Austin Sacco and Adam Mincberg arranged the financing.

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AcquisitionsCaliforniaOfficeWestern

Coseo Properties Sells 28,700 SF Office, Medical Building in Chula Vista, California

by Amy Works

CHULA VISTA, CALIF. — Coseo Properties completed the disposition of an office and medical building, located at 690 Otay Lakes Road in Chula Vista. A private investor acquired the asset for $8.8 million, or $318 per square foot. Built in 1979 and renovated in 2016, the two-story building features 28,700 square feet of office and medical space. Recent renovations include upgrades to the building and common areas. The property features a landscaped entryway, flexible suites ranging from 818 square feet to 4,380 square feet, 11-foot ceiling heights and ample natural light. Situated on 2.9 acres, the property also includes 154 parking spaces. At the time of sale, the property was fully occupied by New American Funding, Life Residential, Eastlake Rejuvenation and Wellness Center, Excel Speech Therapy Center, Boursa Investments and Edward Jones. Matt Pourcho, Anthony DeLorenzo, Matt Harris, Chris Williams and Ramin Salehi of CBRE represented the seller in the deal.

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AcquisitionsMultifamilySeniors HousingTexas

Grandbridge Brokers Sale of Three Seniors Housing Properties Totaling 664 Units in Texas

by Taylor Williams

ABILENE, AMARILLO AND TYLER, TEXAS — Grandbridge Real Estate Capital has brokered the sale of three seniors housing properties totaling 664 units in Texas. The properties include Wesley Court in Abilene, The Craig in Amarillo and Meadow Lake in Tyler. The facilities offer a full continuum of services, including independent living, assisted living, memory care and skilled nursing. The properties were 90 percent occupied at the time of sale. Lifespace Communities acquired the properties from RSF Partners, Evergreen Senior Living Properties and ER Senior Management. The sales price was not disclosed. David Kliewer, Jay Jordan and David Rothschild of Grandbridge brokered the deal.

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