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Acquisitions

AcquisitionsMichiganMidwestNAIRetail

NAI Wisinski of West Michigan Arranges Sale of 72,000 SF Shopping Center in Battle Creek

by Kristin Harlow

BATTLE CREEK, MICH. — NAI Wisinski of West Michigan has arranged the sale of Minges Creek Plaza in Battle Creek for an undisclosed price. The 72,000-square-foot shopping center was fully leased at the time of sale to tenants such as Jo-Ann, Biggby Coffee, Xfinity, Supercuts, Tropical Smoothie Café, The UPS Store and LA Insurance. Jodi Milks of NAI Wisinski represented the seller, which purchased the center in 2013 following a foreclosure and made property improvements. NAI Wisinski will handle property management and leasing for the new owner.

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AcquisitionsMidwestMissouriRestaurantRetail

Marcus & Millichap Negotiates $3.1M Sale of Chipotle-Occupied Property in St. Louis

by Kristin Harlow

ST. LOUIS — Marcus & Millichap has negotiated the sale of a Chipotle-occupied retail property in St. Louis for $3.1 million. The 2,415-square-foot building, located at 3547 Hampton Ave., features a “Chipotlane” drive-thru. Chipotle opened for business at the location in 2020. Brennan Clegg, Chris Lind and Mark Ruble of Marcus & Millichap represented the seller, a limited liability company. The buyer was not disclosed.

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AcquisitionsIndustrialMidwestWisconsin

Greywolf Partners Brokers $2.4M Sale of Industrial Building in Waunakee, Wisconsin

by Kristin Harlow

WAUNAKEE, WIS. — Greywolf Partners Inc. has brokered the $2.4 million sale of a 26,000-square-foot industrial building in Waunakee, a northern suburb of Madison. The property, which is located at 904 Bethel Circle, features 3,900 square feet of office space, multiple overhead doors, three dock doors and a clear height of 21 feet. Steve Turner of Greywolf represented the undisclosed buyer. The seller was also not provided.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 40,800 SF Industrial Building in San Antonio

by Taylor Williams

SAN ANTONIO — Colliers has brokered the sale of a 40,800-square-foot industrial building located at 8555 NE Loop 410 in San Antonio. The property was built on two acres on the city’s east side in 1986. Jason Tangen of Colliers represented the buyer, TRECAP Management, in the transaction. Zachary Taylor of Colliers, along with Charles Hargis of Endura Advisory Group, represented the seller, EJ Morales III Holdings. The facility was 30 percent leased at the time of sale.

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AcquisitionsIndustrialNortheastVermont

FoxRock Acquires 165,611 SF Industrial Facility in Brattleboro, Vermont

by Taylor Williams

BRATTLEBORO, VT. — FoxRock, a commercial investment firm based in Boston’s South Shore area, has acquired a 165,611-square-foot industrial facility located in the southern Vermont city of Brattleboro. The site at 90 Technology Drive spans 48.5 acres and is situated roughly a mile from Interstate 91. At the time of sale, the facility was fully leased to two tenants: New Chapter, a vitamin- and supplement-focused subsidiary of Proctor & Gamble; and UNFI, a wholesale grocery distributor. The seller and sales price were not disclosed.

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AcquisitionsHealthcareNortheastPennsylvania

Terravet Real Estate Buys Two Veterinary Hospital Buildings in Pittsburgh for $22.6M

by Taylor Williams

PITTSBURGH — Terravet Real Estate Solutions, an investment firm focused on commercial properties occupied by veterinary users, has purchased two such facilities totaling 48,000 square feet in Pittsburgh. The sales price was $22.6 million. The buildings represent the real estate holdings of the Pittsburgh Veterinary Specialty & Emergency Center. Following this transaction, Terravet now owns and operates about 70,000 square feet of veterinary facilities in the Pittsburgh area and 1 million square feet nationwide.  

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AcquisitionsMassachusettsNortheastRetail

Horvath & Tremblay Negotiates $6M Sale of Retail Strip Center in Bourne, Massachusetts

by Taylor Williams

BOURNE, MASS. — Boston-based brokerage firm Horvath & Tremblay has negotiated the $6 million sale of Bourne Bridge Crossing, a 23,968-square-foot retail strip center located south of Boston in Barnstable County. Tenants at the three-acre property include PetSmart, Starbucks and Domino’s. Bob Horvath and Todd Tremblay represented the buyer and seller, both of which requested anonymity, in the transaction.  

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AcquisitionsMidwestNebraskaRetail

JLL Brokers $34M Sale of One Pacific Place Retail Center in Omaha

by Kristin Harlow

OMAHA, NEB. — JLL Capital Markets has brokered the sale of One Pacific Place in Omaha for $34 million. Trader Joe’s anchors the 90,945-square-foot retail center, which is 93 percent leased. Other tenants include Talbots, Chico’s, Wheatfield’s, Dentistry for Health, Five Salon, Hand & Stone Massage & Facial Spa, Bath & Body Works, Eddie Bauer, Club Champion, Power Life, Nothing Bundt Cake and Andre’s. Completed in 1989, the property was last renovated in 2010. Amy Sands, Clinton Mitchell, Michael Nieder and Chris Gerard of JLL represented the seller, a joint venture between RED Development and BIG Shopping Centers. Lund Co. Investments Inc. was the buyer.

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AcquisitionsDevelopmentIllinoisIndustrialMidwest

Panattoni Acquires 29 Acres in Aurora, Illinois, Plans 356,462 SF Spec Industrial Development

by Kristin Harlow

AURORA, ILL. — Panattoni Development has purchased 29 acres in Aurora with plans to build a 356,462-square-foot speculative industrial development. Panattoni expects to break ground on the project this month. The industrial facility will feature a clear height of 36 feet, 34 loading docks, 139 trailer positions and 290 car parking spaces. Completion is slated for the third or fourth quarter of this year. Nick Krejci and Noel Liston of Darwin Realty/CORFAC International represented Panattoni in the acquisition. Darwin has been retained to market the project for lease.

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AcquisitionsIndianaIndustrialMidwest

Colliers Arranges Sale of 320,219 SF Flex Industrial Building in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Colliers has arranged the sale of Franklin Road Business Center in Indianapolis for an undisclosed price. The two-story industrial flex building spans 320,219 square feet at 2855 N. Franklin Road. Originally built in 1961, the property features 16 docks, three drive-in doors, a 239-seat auditorium and office space. Franklin Road Business Center is 75 percent leased to five tenants, including Nakoma Products, Barrette and Siro Technology. Alex Davenport and Alex Cantu of Colliers represented the seller, Franklin Road Realty LLC. Denver-based Legacy Capital Partners Inc. purchased the asset.

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