Wednesday, April 22, 2026
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Acquisitions

Hazel-Dell-Towne-Center-Vancouver-WA
AcquisitionsRetailWashingtonWestern

Transnational Management Buys Hazel Dell Towne Center Retail Asset in Vancouver, Washington for $28.8M

by Amy Works

VANCOUVER, WASH. — CBRE has arranged the sale of Hazel Dell Towne Center, a 264,000-square-foot retail power center located at 8801 N.E. Hazel Dell Ave. Transnational Management acquired the property from a partnership managed by Pine Tree for $28.8 million. Built between 2005 and 2007 on 23 acres, Hazel Dell Towne Center is occupied by 21 local and national retailers. At the time of sale, the property was 87 percent leased. Tenants include Kohl’s, Office Depot, Petco, Party City, Gold’s Gym, Craft Warehouse, America’s Best and Massage Envy. Philip Voorhees, Jimmy Slusher and James Tyrrell of CBRE’s National Retail Partners (West), along with Dino Christophilis and Daniel Tibeau of CBRE’s National Retail Partners (Northwest), represented the seller in the deal.

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9180-Center-Ave-Rancho-Cucamonga-CA
AcquisitionsCaliforniaIndustrialWestern

Colliers Negotiates Sale of 102,516 SF Logistics Building in Rancho Cucamonga, California

by Amy Works

RANCHO CUCAMONGA, CALIF. — Colliers has arranged the sale of a distribution building located at 9180 Center Ave. in Rancho Cucamonga. A fund managed by Black Creek Group, which was acquired by a subsidiary of Ares Management in July, purchased the property from Woomer Reverse for $24.5 million. The 102,516-square-foot building features an ESFR sprinkler system, 30-foot clear heights, two suites and a large concrete truck court. The building was constructed is 2004. Clyde Stauff and Jace Gan of Colliers represented the seller and buyer in the deal.

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1403-E-Washington-Ave-Union-Gap-WA
AcquisitionsNet LeaseRetailWashingtonWestern

Hanley Investment Group Arranges $3.3M Purchase of PetSmart-Occupied Retail Property in Union Gap, Washington

by Amy Works

UNION GAP, WASH. — Hanley Investment Group Real Estate Advisors has brokered the acquisition of a single-tenant retail building located at 1403 E. Washington Ave. in Union Gap. A Florida-based private investor sold the property to a Southern California-based buyer for $3.3 million. PetSmart occupies the 19,677-square-foot property, which was built in 2000, on a net-lease basis. Jeff Lefko and Bill Asher of Hanley Investment, in association with ParaSell, represented the buyer in the deal.

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Bridgeside-Point-Pittsburgh
AcquisitionsHealthcareLife SciencesNortheastOfficePennsylvania

TUFF, Collaborative Real Estate Acquire 160,000 SF Life Sciences Facility in Pittsburgh

by Taylor Williams

PITTSBURGH — A partnership between nonprofit developer The University Financing Foundation (TUFF) and full-service firm Collaborative Real Estate has acquired Bridgeside Point, a 160,000-square-foot life sciences facility in Pittsburgh. The property is located adjacent to the University of Pittsburgh and Carnegie Mellon University campuses and includes lab, office and academic space. Patterson Real Estate Advisory Group arranged acquisition financing for the deal through Georgia-based Ameris Bank.

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AcquisitionsIndustrialMidwestOhio

Faropoint Acquires 80,000 SF Industrial Facility in Cincinnati

by Kristin Harlow

CINCINNATI — Faropoint has acquired an 80,000-square-foot industrial facility in Cincinnati for an undisclosed price. The building sits on 5.5 acres at 10021 Commerce Drive. Built in 1979, the single-tenant property features clear heights ranging from 16 to 20 feet, as well as two dock-high doors and three drive-in doors. The tenant uses the space for both manufacturing and distribution. Rod MacEachen and Jared Wagoner of SqFt Commercial represented Faropoint in the transaction. AIC Ventures was the seller. Founded in 2012, Memphis, Tenn.-based Faropoint owns more than 250 industrial properties totaling over 20 million square feet.

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AcquisitionsMichiganMidwestOffice

Keystone Brokers Sale of 33,662 SF Office Building in Farmington Hills, Michigan

by Kristin Harlow

FARMINGTON HILLS, MICH. — Keystone Commercial Real Estate has brokered the sale of Federated Financial Center in Farmington Hills, a northwest suburb of Detroit. The sales price was undisclosed. Located at 30955 Northwestern Highway, the 33,662-square-foot office building will serve as the corporate headquarters of Happy’s Pizza, which is the parent company of Savvy Sliders. Greg Newman of Keystone worked with Happy’s to identify the location for the new headquarters, which is slated for occupancy this fall. The three-story building was constructed in 1987, according to LoopNet. Federated Financial Center Inc. sold the property to Blackstone 13 LLC.

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Kingsley-Arms-Apartments-Asbury-Park-New-Jersey
AcquisitionsMultifamilyNew JerseyNortheast

Kislak Arranges $18.5M Sale of Kingsley Arms Apartments in Asbury Park, New Jersey

by Taylor Williams

ASBURY PARK, N.J. — New Jersey-based brokerage firm The Kislak Co. Inc. has arranged the $18.5 million sale of Kingsley Arms Apartments, a 98-unit multifamily building in Asbury Park. The unit mix consists of 23 studios, 68 one-bedroom units, five two-bedroom units and two penthouses. Units were renovated in 2016, and building upgrades were completed earlier this year. Amenities include a fitness center, media room and a rooftop terrace. Daniel Lanni of Kislak represented the seller, Sackman Residential Holdings LLC, and the buyer, an entity doing business as 200 Deal Lake LLC, in the transaction. ConnectOne Bank provided acquisition financing.

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AcquisitionsIndustrialNew JerseyNortheast

Wharton Industrial Buys 130,000 SF Portfolio in Cherry Hill, New Jersey

by Taylor Williams

CHERRY HILL, N.J. — Wharton Industrial, a division of New York City-based development and investment firm Wharton Equity Partners, has purchased a 130,000-square-foot portfolio in the Philadelphia suburb of Cherry Hill. Wharton acquired the three-building portfolio from an undisclosed seller in an off-market transaction and will implement a capital improvement program. Renovations will include replacing certain roofs, upgrading landscaping, repairing and painting exteriors and improving truck loading stations.

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AcquisitionsConnecticutIndustrialNortheast

Lyman Real Estate Negotiates Sale of 48,060 SF Industrial Building in South Windsor, Connecticut

by Taylor Williams

SOUTH WINDSOR, CONN. — Lyman Real Estate Brokerage & Development, a Connecticut-based firm, has negotiated the sale of a 48,060-square-foot industrial building in South Windsor, a suburb of Hartford. Sam Lyman of Lyman Real Estate represented the seller and occupant, Capitol Moving & Storage, in the transaction. Clancy Relocation & Logistics purchased the building.

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Parc Roundtree Ranch
AcquisitionsArizonaMultifamilyTop Stories

IPA Arranges Sale of Parc Roundtree Ranch Apartments in Metro Phoenix for $88.8M

by Julia Sanders

PEORIA, ARIZ. — Institutional Property Advisors has arranged the sale of Parc Roundtree Ranch, a 275-unit apartment property in Peoria, approximately 13 miles north of Phoenix. The property sold for $88.8 million, or $322,909 per unit. Gebing and Cliff David of IPA represented the seller, Evergreen Devco Inc., and procured the buyer, Bridge Investment Group. Completed in 2021, Parc Roundtree Ranch is located northeast of the Westgate Entertainment District, a mixed-use development in Glendale with more than 20 restaurants, retailers and entertainment venues including Yard House, Saddle Ranch, Buffalo Wild Wings and a 20-screen AMC movie theater. The Westgate district is anchored by Gila River Arena, which is the home to the National Hockey League’s Arizona Coyotes. Additionally, the apartment property is located next to Roundtree Park, a public community park with grills, a picnic area, a playground and a soccer field. The apartment community is close to the Loop 101 freeway and U.S. 60, and has access to employment hot spots such as Southwest Valley, Midtown and downtown Phoenix. Additionally, there are approximately 7,300 businesses within a 10-mile radius of the property. “The West Valley’s combination of durable jobs and growth in the distribution and industrial sectors has provided …

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