Acquisitions

MetLife Sells Golden Coast Industrial Portfolio in Southern California for $165.5M

by Amy Works August 29, 2025

CARLSBAD, CITY OF INDUSTRY AND REDONDO BEACH, CALIF. — MetLife Investment Management has completed the sale of the Golden Coast Portfolio, an industrial portfolio totaling 600,000 square feet in Southern California. The portfolio includes three buildings in Carlsbad, City of Industry and Redondo Beach that were acquired by three separate buyers for a total price of $165.5 million. Jeff Chiate, Rick Ellison, Matt Leupold, Bryce Aberg, Aubrie Monahan, Jeff Cole and Charlie Jacobs of Cushman & Wakefield represented the seller and procured the buyers in the transactions. TA Realty acquired The Concourse, a 420,697-square-foot industrial business park in City of Industry. The property offers 69 dock-high doors, nine grade-level doors and a 160-foot truck court. Terreno purchased The Redondo Beach Two Pack, a 99,340-square-foot property that features 16 dock-high doors, three grade-level doors and a clear height of 16 feet. GID acquired Carlsbad Oaks Business Park, a 78,143-square-foot property with clear heights ranging from 22 to 26 feet, grade and dock loading capabilities, and an efficient warehouse and office layout.

August 29, 2025

Acquisitions California Office Western

CBRE Brokers $18.9M Sale of Orangewood Corporate Plaza Office Campus in Orange, California

by Amy Works August 29, 2025

ORANGE, CALIF. — CBRE has arranged the sale of Orangewood Corporate Plaza, a two-building office campus in Orange. Khoshbin Co. acquired the asset from an undisclosed seller for $18.9 million. Anthony DeLorenzo, Bryan Johnson and Sammy Cemo of CBRE represented the seller in the transaction. Matt Didier, David Dowd and Jennifer Whittington of CBRE advised the seller on the sale. Located at 2100-2200 Orangewood Ave., the 109,644-square-foot campus was 84 percent leased at the time of sale. The property features high-end finishes, subterranean parking and recent capital improvements totaling more than $3.3 million. Renovations included upgrades to HVAC systems, roofing, landscaping and interior common areas.

August 29, 2025

Acquisitions Multifamily Washington Western

Kidder Mathews Negotiates Sale of 108-Unit Swiss Gables Apartments in Kent, Washington

by Amy Works August 29, 2025

KENT, WASH. — Kidder Mathews has arranged the sale of Swiss Gables Apartments, a multifamily property in Kent’s Lake Fenwick neighborhood. A private investor acquired the asset from John Stephanus for an undisclosed price. Dylan Simon, Jerrid Anderson, JD Fuller and Elijah Piper of the Simon | Anderson Multifamily team at Kidder Mathews represented the seller and sourced the buyer in the deal. Built in 1969, Swiss Gables offers 108 apartments averaging 870 square feet with in-unit laundry spread across seven buildings on 5 acres.

August 29, 2025

Acquisitions California Retail Western

Progressive Real Estate Arranges $1.8M Sale of Retail Property in Southern California

by Amy Works August 29, 2025

PALM DESERT, CALIF. — Progressive Real Estate Partners has negotiated the $1.8 million sale of a 5,000-square-foot freestanding retail building located in the Downtown Edge District of Palm Desert. The buyer, a family that owns and operates the neighboring Shiraz Rug Co., acquired the building to expand the store’s operations by an additional 5,000 square feet. Heather Sharp of Progressive Real Estate arranged the sale.

August 29, 2025

Acquisitions Midwest Minnesota Multifamily

Colliers Brokers $66M Sale of Multifamily Portfolio in Metro Minneapolis

by Kristin Harlow August 29, 2025

RAMSEY AND ZIMMERMAN, MINN. — Colliers has brokered the $66 million sale of the Northwest Apartment Collection, a three-property, 304-unit multifamily portfolio in metro Minneapolis. The properties include Park View East and Sapphire in Ramsey as well as Depot on Main in Zimmerman. Built between 2017 and 2020, the communities offer a mix of one-, two- and three-bedroom units. Amenities include fitness centers, lounges, package lockers and pools. Park View East and Sapphire together comprise 239 units within COR, a 320-acre master-planned community anchored by the NorthStar Commuter Rail with direct access to downtown Minneapolis. Depot on Main includes 65 units. Mox Gunderson, Dan Linell, Adam Haydon and Devon Dvorak of Colliers brokered the sale. Dakota REIT was the buyer.

August 29, 2025

Acquisitions Illinois Industrial Lee & Associates Midwest

Lee & Associates Arranges $1.5M Sale of Industrial Building in Arlington Heights, Illinois

by Kristin Harlow August 29, 2025

ARLINGTON HEIGHTS, ILL. — Lee & Associates of Illinois has arranged the $1.5 million sale of a 15,654-square-foot industrial building in the Chicago suburb of Arlington Heights. The property is located at 3860 N. Ventura Drive. Dustin Albers of Lee & Associates represented the seller, AmBeed, a chemical wholesaler. The buyer, Digital Design Corp., is an engineering consultant already located in the same business park. The property will serve as an additional location for the company. Albers also represented AmBeed in its purchase of 1001 Asbury in Buffalo Grove, allowing the firm to consolidate its operations to a new corporate headquarters.

August 29, 2025

Acquisitions Multifamily Texas

JLL Negotiates Sale of 232-Unit Apartment Complex in South-Central Austin

by Taylor Williams August 28, 2025

AUSTIN, TEXAS — JLL has negotiated the sale of Wildcreek Apartments, a 232-unit multifamily complex located in south-central Austin. Built in 1984, Wildcreek Apartments spans 14.2 acres and offers one- and two-bedroom units with an average size of 660 square feet. Amenities include two pools, onsite laundry facilities and open green spaces. Ryan McBride, Robert Wooten and Robert Arzola of JLL represented the seller, private investor Bob Reeve, in the transaction. The buyer, Colorado-based investment firm Continental Realty Group, plans to implement a value-add program. Wildcreek Apartments was 63 percent occupied at the time of sale.

August 28, 2025

Acquisitions Northmarq Retail Texas

Boomslang Ventures Sells 13,949 SF Retail Strip Center Near San Antonio

by Taylor Williams August 28, 2025

CONVERSE, TEXAS — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail strip center located in Converse, roughly 14 miles northeast of San Antonio. Built in 2020, the center was fully leased at the time of sale to tenants such as Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor, in the transaction.

August 28, 2025

Acquisitions Connecticut Multifamily Northeast

IPA Negotiates Sale of 200-Unit Apartment Complex in West Hartford, Connecticut

by Taylor Williams August 28, 2025

WEST HARTFORD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a 200-unit apartment complex in West Hartford. Built in 1971, Cove West Hartford offers one- and two-bedroom units with average sizes of 803 and 1,103 square feet, respectively. Amenities include a clubhouse with a community room, an outdoor patio, pergola and a firepit. Eric Pentore, Victor Nolletti, Wes Klockner and Ross Friedel of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

August 28, 2025

Acquisitions Georgia Industrial Southeast

Bridge Logistics Acquires 1.6 MSF Industrial Portfolio in McDonough, Georgia

by John Nelson August 28, 2025

MCDONOUGH, GA. — Bridge Logistics Properties, a subsidiary of publicly traded Bridge Investment Group Holdings Inc., has acquired a two-property industrial portfolio in McDonough spanning nearly 1.6 million square feet. Situated south of Atlanta via I-75, the properties in the portfolio include 150 Distribution Drive (760,256 square feet) and 201 Greenwood Court (800,000 square feet). Eastdil Secured brokered the sale. The seller and sales price were not disclosed. The properties were fully leased at the time of sale to four creditworthy tenants, including DHL Supply Chain (Exel Inc.), Caterpillar and Pregis. Each building features 30-foot clear heights, 184-foot truck courts, trailer and car parking, LED lighting and ESFR sprinkler systems.

August 28, 2025

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