HENDERSON, NEV. — Pecos Beltway Holdings LLC has completed the sale of two single-story office buildings within Pecos 215 Plaza in Henderson. A private buyer acquired the multi-tenant property for $5.9 million. Located at 8905 and 8935 S. Pecos Road, the asset offers 21,908 square feet of office space. Michael Hsu of CBRE represented the seller in the transaction.
LENEXA, KAN. — Gordon Brothers has acquired the former Heartland Coca-Cola production facility in Lenexa. Heartland Coca-Cola has expanded its operations to a larger facility, and the production assets and property in Lenexa were no longer required. Gordon Brothers plans to decommission and sell the existing bottling equipment with the firm’s auction partner, New Mill Capital, followed by capital improvements to enhance the property’s marketability for future sale or lease. The machinery and equipment auction begins closing Wednesday, Nov. 12. The property includes a 186,073-square-foot building situated on nearly 9 acres with a clear height of 18 feet, 22 dock-high doors, two drive-in doors and 11,000 amps via three electrical services. Gordon Brothers has retained Kessinger Hunter to provide construction management, property management and brokerage services to re-tenant or sell the building. The building will hit the market in the coming months. The Kessinger Hunter team includes Kurt Jensen, Stewart Jensen and Dan Jensen.
NEW YORK CITY — A partnership between Slate Property Group and Avenue Realty Capital has acquired 81 Franklin, an 11-unit apartment building in Manhattan’s Tribeca neighborhood, for $30 million. The six-story, 32,70-square-foot building, which was originally constructed as an office building and converted to residential use in 2013, houses loft-style residences that come in one-, two-, three- and four-bedroom layouts. Guthrie Garvin of JLL represented the undisclosed seller in the transaction. The partnership was represented in-house. White Oak Real Estate Capital provided acquisition financing for the deal.
FRANKLIN, N.J. — JLL has negotiated the sale of a 200,000-square-foot vacant office building in Franklin, located in Central New Jersey. Known as 200 Franklin Square, the four-story building sits on a 12.2-acre site and formerly housed the headquarters of Philips Electronics. Jose Cruz, Jeremy Neuer, Ryan Robertson, Nicholas Stefans and Jason Lundy of JLL represented the undisclosed seller in the transaction and procured the buyer, regional development and investment firm Axria Inc., which plans to redevelop the property. The new ownership did not provide details on redevelopment plans, but the site can support a range of commercial uses, including office, medical, educational and light industrial.
MORRIS PLAINS, N.J. — Local developer Chopp Holdings has sold an 89,100-square-foot office building in Morris Plains, about 30 miles west of New York City, for $10.2 million. The three-story building sits on a 16.5-acre site at 201 Littleton Road and recently underwent capital improvements. David Bernhaut, Frank DiTommaso, Andrew Schwartz, Jordan Sobel, Andre Balthazard, Dan Bottiglieri and Bill Baunach of Cushman & Wakefield represented the seller and procured the buyer, an affiliate of Agadia Systems Inc., in the transaction. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing for the deal.
ACTON, MASS. — Marcus & Millichap has brokered the $5.8 million sale of a 76,251-square-foot industrial and office complex in Acton, located northwest of Boston. The complex at 930 Main St. consists of seven buildings that collectively house about 61,700 square feet of warehouse space and 14,500 square feet of office space. Luigi Lessa, Harrison Klein and Mattias Edenkrans of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HOUSTON — Colliers has brokered the sale of a 6.9-acre industrial outdoor storage facility in northwest Houston. The facility at 14333 Sommermeyer St. features 80,295 square feet across two buildings as well as additional outdoor storage space. Jason Tangen and Barrett Gibson of Colliers represented the undisclosed seller in the deal. C.W. Sheehan, Jack Britton, Peyton Ackerman and Nate Henderson of JLL arranged acquisition financing on behalf of the buyer, Apricus Realty Capital, which was represented by Paul Dominique of Colliers.
WEST NEW YORK, N.J. — CBRE has negotiated the $2.9 million sale of a 12-unit apartment building located in the Northern New Jersey community of West New York. The two-story building at 440 60th St. features two floors of commercial space and three floors that house two-bedroom units. Fahri Ozturk, Richard Gatto, Tracy Trank and Zach McHale of CBRE represented the seller in the transaction. CBRE also procured the buyer. Both parties requested anonymity.
PHOENIX — Conor Commercial Real Estate, along with Globe Corp. as capital partner, has won the auction for a 40-acre parcel of land at East Deer Valley Drive and North 7th Street in Phoenix. Conor won the land site with a $24.7 million bid. The company plans to develop a 453,708-square-foot industrial project with four buildings ranging from 88,512 square feet to 167,040 square feet. The buildings will be designed for light distribution, assembly or advanced manufacturing with 32- to 36-foot clear heights, a minimum of 3,000-amp electrical service for each building, oversized drive-in doors and abundant employee parking. Construction is slated to begin in early second-quarter 2026 with completion planned for late in the second quarter of 2027. McShane Construction Co. and Ware Malcomb will provide design-build services and Kimley-Horn will provide civil engineering services for the project.
LAS VEGAS — Northcap Commercial has brokered the sale of Woodridge Villas Apartments at 1591 Chartered Circle in Las Vegas. The asset traded for $17.7 million, or $108,232 per unit. Built in 1988, the property offers 164 apartments. Robin Willett, Devin Lee and Jerad Roberts of Northcap Commercial represented the seller and procured the buyer in the deal.
