WORCESTER, MASS. — Marcus & Millichap has brokered the $7.2 million sale of a portfolio of three office buildings totaling 83,769 square feet (gross) in the Central Massachusetts city of Worcester. The interconnected buildings, which were 82 percent leased at the time of sale, sit on 2.2 acres and house onsite restaurant VIA, as well as 155 parking spaces. Harrison Klein of Marcus & Millichap represented the seller and procured the buyer in the transaction.
TYSONS, VA. — The Meridian Group (TMG) has acquired Boro Central, a 388,206-square-foot trophy office tower located in Tysons, roughly 11 miles west of Washington, D.C. near the Greensboro Metro station. The seller and sales price were not disclosed, but many outlets report the seller was Foulger-Pratt. Formerly known as Tysons Central, Boro Central is situated within The Boro, a larger mixed-use district that will total 5 million square feet upon full build-out. The 24-story office building offers floor-to-ceiling windows, 30- by 40-foot column spacing, ample ceiling heights and a standout 8th floor that features 14-foot ceilings and a private terrace. Capital improvements for the property will include a new conference center, spec suites and curated amenity programming for tenants. Josh Masi, Scott Goldberg and Paige Barger of Cushman & Wakefield will continue to lead leasing efforts for the property, which media outlets report was vacant at the time of sale. The Boro’s first phase will encompass 1.7 million square feet of mixed-use development, featuring approximately 700 residential units, 500,000 square feet of office space and 250,000 square feet of retail space, anchored by a Whole Foods Market and a ShowPlace ICON Theatre.
PIKESVILLE, MD. — Trout Daniels & Associates (TD&A) has brokered the $4.9 million sale of Bedford Square I and II, a 40,773-square-foot, two-building office portfolio located in Pikesville, roughly 15 miles northwest of Baltimore. Situated at the intersection of Bedford Avenue and McHenry Road, the complex was 93 percent leased to 20 tenants at the time of sale. Gilbert Trout of TD&A represented the seller, Bedford Square Equities, and procured the buyer, Tide Realty Capital, in the transaction.
TEMPE, ARIZ. — Avnet, a global technology distributor and solutions provider, has acquired 2155 East GoDaddy Way in Tempe from ElmTree Funds LLC for an undisclosed price. Avnet will use the 150,000-square-foot Class A office building as its new global headquarters. Currently headquartered at 2211 S. 47th Street in Phoenix, Avnet plans to move into the building in mid-2026. Built in 2014, 2155 S. Science Drive recently served as GoDaddy’s corporate headquarters and its address was changed to 2155 E. GoDaddy Way. The building features a variety of onsite and nearby amenities, including pickleball courts, a skate park, basketball and volleyball courts, soccer field, full-service kitchen, conference and training rooms, huddle rooms, fitness center, locker rooms and shower facilities, yoga room and a game center. Jim Fijan, Jack Fijan and Scott Baumgarten of Transwestern Real Estate Services represented ElmTree Funds in the deal.
MISHAWAKA, IND. — CBRE has brokered the sale of River Pointe, a 234-unit multifamily property in Mishawka near South Bend. The sales price was undisclosed. Located at 350 Bercado Circle along the St. Joseph River, the community features a range of one-, two- and three-bedroom floor plans averaging 1,054 square feet. The property was built in 1974 and features amenities such as a pool, dog park, fitness center, newly renovated clubhouse, courtyard and riverfront deck. George Tikijian, Hannah Ott, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean Pingel of CBRE represented the seller, LV Property Management. Monarch Investment and Management was the buyer.
EVANSVILLE, IND. — Brisky Net Lease has arranged the $16.4 million sale of a 150,000-square-foot industrial building leased to Windstream Communications LLC in Evansville. Built in 2022 and located at 14616 Foundation Ave., the property is situated within the nearly fully developed Vanderburgh Industrial Park. Little Rock, Ark.-based Windstream provides fiber-based broadband to residential and small business customers across 18 states. Brian Brisky of Brisky Net Lease represented the buyer, while Greg Folz of Woodward Commercial Realty Inc. represented the seller.
ROWLAND HEIGHTS, CALIF. — Community HousingWorks (CHW) has acquired NOVO Apartments in Rowland Heights and will convert the market-rate property into affordable housing. Northmarq arranged the $38.3 million sale as well as a $24.9 million fixed-rate, Freddie Mac acquisition loan for CHW. Stratford Partners Real Estate was the seller. NOVO was constructed in 1974. Additional financing details for the conversion were not disclosed, but CHW often uses its own equity and 4 percent low-income housing tax credits (LIHTC) to fund developments, according to nonprofit directory GuideStar. Rowland Heights is about 23 miles east of Los Angeles. Rent restrictions were not disclosed. Northmarq’s Westlake Village Multifamily Investment Sales team, led by Vince Norris, Mike Smith, Jim Fisher and Tommy Yates, represented Stratford Partners in the transaction. Northmarq’s Newport Beach Debt & Equity team, led by Scott Botsford, Joe Giordani and Brendan Golding, arranged the loan for CHW.
LOS ANGELES — Uncommon Developers has acquired 601 S. Figueroa Street, an office tower in downtown Los Angeles, for $210 million, or $201 per square foot. Built in 1990, the 52-story, 1 million-square-foot property features dual open-air lobbies, a tenant lounge, fitness center, 50 electric vehicle stalls and executive valet. Sean Fulp, Mark Schuessler and Jordan Garcia of Colliers represented the buyer, while Newmark’s Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll represented the undisclosed seller in the deal. Uncommon Developers has tapped Colliers to handle leasing and property management of the asset. Matthew Heyn and Ian Gilbert of Colliers will lead leasing efforts, while Kevin Rude and Tina Minook of Colliers will lead full-service property management for the building.
SANTA ROSA, CALIF. — MKD Investments has purchased Pine Creek Business Park, an industrial flex business park in Santa Rosa, from Pine Creek Properties for $23.5 million. Located at 3350-3360 Coffey Lane, the park features six freestanding buildings on separate parcels offering a total of 152,925 square feet. The multi-tenant buildings range in size from 20,000 square feet to 31,000 square feet. The flex buildings are leased to several tenants representing a variety of of industries. Additionally, many of the buildings are equipped with floor drains and wine making infrastructure, docks and insulation. Trevor Buck of Cushman & Wakefield represented the buyer and seller in the off-market transaction.
COACHELLA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 4,625-square-foot single-tenant retail property located in Coachella. A Circle K convenience store and gas station occupies the site on a 15-year, absolute triple-net-lease with 10 percent rental increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, Calif.-based Fountainhead Development, in the transaction. Aaron Bove of Marcus & Millichap’s San Diego office represented the 1031 exchange buyer, a San Diego-based private investor.