Thursday, June 26, 2025
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Acquisitions

AcquisitionsMidwestMinnesotaMultifamily

JLL Arranges $24.5M Sale of Apartment Community in Forest Lake, Minnesota

by Kristin Harlow

FOREST LAKE, MINN. — JLL Capital Markets has arranged the $24.5 million sale of Village Apartments in Forest Lake, about 27 miles northeast of St. Paul. The 252-unit apartment community was constructed in 1969 and consists of three buildings. Amenities include picnic areas, a playground, pool and bike racks. Josh Talberg of JLL represented the seller, Gaughan Cos. The buyer was undisclosed. Village Apartments marks the seventh property to trade in the larger 800-unit Minnesota Legacy Apartment Portfolio that JLL has been marketing for sale.

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AcquisitionsIndustrialMidwestSelf-StorageWisconsin

NAI Pfefferle Brokers Sale of Two Self-Storage Facilities in Pulaski, Wisconsin

by Kristin Harlow

PULASKI, WIS. — NAI Pfefferle has brokered the sale of two self-storage facilities totaling 441 units in Pulaski, about 20 miles northwest of Green Bay. The sales price was not disclosed, but the asking price was $4.3 million. The properties total 98,740 square feet. Jonathan Glassco and Nick Schmidt of NAI Pfefferle arranged the sale.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Negotiates $3.4M Sale of Retail Strip Center in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Marcus & Millichap has negotiated the $3.4 million sale of a six-suite retail strip center in Aurora. The 12,684-square-foot property was fully occupied at the time of sale to local restaurants, healthcare providers and technology retailers. Built in 2010, the asset is located at 5 N. Root St. Coult Greenwell and Mitchell Kiven of Marcus & Millichap represented the seller, a private investor based in the western Chicago suburbs. The duo also procured the buyer, a private investor who is in the process of growing a portfolio of neighborhood retail centers.

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AcquisitionsMichiganMidwestOffice

Colliers Arranges Sale of 20,000 SF Office Building in Birmingham, Michigan

by Kristin Harlow

BIRMINGHAM, MICH. — Colliers has arranged the sale of a 20,000-square-foot office building in Birmingham, a northern suburb of Detroit. The sales price was undisclosed. Kalasho Management, a property management company, purchased the building and plans to make major renovations. Taunt Law Firm previously occupied the property for many decades. Gary Grochowski and Bryan Barnas of Colliers represented the buyer and seller.

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AcquisitionsIndustrialMidwestMinnesota

Realterm Acquires Industrial Outdoor Storage Facility in Suburban Minneapolis

by Kristin Harlow

ROSEVILLE, MINN. — Realterm has acquired a 6.3-acre industrial outdoor storage facility in the Minneapolis suburb of Roseville for an undisclosed price. Developed in 2021, the Class A property at 2340 Rose Place West features five oversized drive-in doors, four dock-high loading positions and a two-story, 7,300-square-foot office component. The site is fully leased to an asset-light freight and logistics company that provides services across the United States and Canada. Chris Weirens of Transwestern facilitated the transaction and represented the undisclosed seller. The transaction marks Realterm’s third acquisition in the region.

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AcquisitionsIndustrialTexas

Cushman & Wakefield Brokers Sale of 414,871 SF Distribution Center in Irving

by Taylor Williams

IRVING, TEXAS — Cushman & Wakefield has brokered the sale of Valley View Business Center, a 414,871-square-foot distribution center in Irving. The property, which is located just south of Dallas-Fort Worth International Airport, was completed in 2009 and was fully leased to two tenants at the time of sale. Building features include 30-foot clear heights and four points of ingress/egress. Jim Carpenter, Jud Clements, Robby Rieke and Trevor Berry of Cushman & Wakefield represented the seller, a fund backed by Brookfield Asset Management, in the transaction. The buyer was Boston-based Longpoint Partners.

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AcquisitionsMultifamilyNew JerseyNortheast

Matthews Negotiates $12.6M Sale of Jersey City Apartment Building

by Taylor Williams

JERSEY CITY, N.J. — California-based brokerage firm Matthews Real Estate Investment Services has negotiated the $12.6 million sale of Lofts on Garfield, a 35-unit apartment building in Jersey City. Lofts on Garfield is a conversion of a former vacant warehouse that according to LoopNet Inc. was originally built in 1953. Information on floor plans and amenities was not disclosed. David Ferber and Jordan Anhalt of Matthews represented the buyer and seller, both of which requested anonymity, in the transaction.

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AcquisitionsConnecticutIndustrialNortheast

Marcus & Millichap Brokers $7.1M Sale of Industrial Property in East Haven, Connecticut

by Taylor Williams

EAST HAVEN, CONN. — Marcus & Millichap has brokered the $7.1 million sale a 210,314-square-foot industrial property in East Haven that serves as the headquarters of Town Fair Tire. The 38.5-acre property  features 207,000-square-foot distribution center with 20,000 square feet of office space, a freestanding call center and a 176-stall trailer parking/storage area. Harrison Klein, Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, Mellen East Haven Associates LLC, in the transaction and procured the undisclosed buyer.

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AcquisitionsFloridaIndustrialSoutheast

Terreno Realty Acquires Industrial Park in Doral, Florida for $195.6M

by John Nelson

DORAL, FLA. — Metro Seattle-based Terreno Realty Corp. has acquired Terreno Doral Air Logistics, an industrial park in the Miami suburb of Doral, for $195.6 million. The seller was not disclosed. Located at 7725-7785 N.W. 41st St., the facility is situated near the Palmetto Expressway and Miami International Airport. The property provides 110 dock-high loading positions, 36-foot clear heights, six grade-level loading positions, parking for 528 cars (including 11 electric vehicle charging stations) across three rear-load industrial distribution buildings that span approximately 496,000 square feet. The 23.4-acre property was 76 percent leased at the time of sale to six tenants.

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AcquisitionsIndustrialWashingtonWestern

CBRE Negotiates $64.2M Sale of 315,422 SF Industrial Portfolio Near Seattle

by Amy Works

KENT, WASH. — CBRE has negotiated the $64.2 million sale of the 315,422-square-foot Seattle Industrial Portfolio. The names of the seller and buyer were not released. Brett Hartzell, Paige Morgan, Andrew Stark and Andrew Hitchcock of CBRE National Partners represented the undisclosed the seller. The portfolio includes two industrial facilities: Kent Valley DC II at 6111 S. 228th St. and Kent Valley DC IV at 6205-6305 S. 231St. The distribution buildings were constructed between 1995 and 1997 and offer 30-foot clear heights and a high dock-door count.

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