WASHINGTON, N.J. — Marcus & Millichap has brokered the $7.3 million sale of the Apple Montessori School in Washington, about 60 miles west of New York City. The newly constructed, 10,000-square-foot school features an outdoor pool, approximately 5,000 square feet of dedicated playground space and a covered drop-off area. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEWARK, CALIF. — Mesa West Capital has provided a joint venture between Palisade Group and Pearlmark with $30 million in first mortgage debt for the acquisition, renovation and lease-up of 7411 Central Avenue, an industrial building in Newark. Built in 1998, the 143,000-square-foot property was fully vacant at the time of financing and acquisition. The property features a clear height of 24 feet, 33 dock-high doors, 12 grade-level doors and 310 parking stalls. David Pelaia and Josh Blank of JLL’s West Los Angeles office arranged the financing.
CARLSBAD, CALIF. — RF Partners LLC has completed the disposition of a flex office and industrial property, located at 5935 Darwin Court in Carlsbad, to a private local owner-user investor for $14.2 million. Situated within the Carlsbad Research center, the two-story, 54,351-square-foot creative flex office building was built in 1991 and renovated in 2005 and 2024. Matt Pourcho, Dennis Visser, Matty Sunberg, Anthony DeLorenzo and Don Trapani of CBRE represented the seller in the transaction.
SCOTTSDALE, ARIZ. — Mark IV Capital Properties has completed the sale of Paradiso, a two-story, multi-tenant medical office building in Scottsdale. Albany Road Real Estate Partners acquired the property for $13.3 million. The 59,445-square-foot asset features a large central courtyard with decorative fountains and seating areas, private entrances and balconies, covered breezeways, patios off several ground-floor suites and full-length storefront windows. The property is located at 11000 N. Scottsdale Road. Eric Wichterman, Alexandra Loye, Chris Toci and Mike Coover of Cushman & Wakefield represented the seller in the transaction.
LANCASTER, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. PacWest Management sold the property to an Orange County, Calif.-based private investor for $3.9 million. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, while Samer Khalil of Newmark represented the buyer in the deal. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space.
Cushman & Wakefield Commercial Advisors Negotiates Sale of 169,272 SF Industrial Facility in Memphis
MEMPHIS, TENN. — Cushman & Wakefield Commercial Advisors has negotiated the sale of a 169,272-square-foot industrial facility located at 4481 Distriplex Cove in Memphis. Olymbec USA LLC, a division of Montreal-based industrial owner Olymbec, purchased the property from tire manufacturer and distributor China Manufacturers Alliance LLC (CMA LLC) for an undisclosed price. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the seller in the transaction, and Brian Califf of NAI Saig represented the buyer.
CHANHASSEN, MINN. — Colliers has arranged the sale of Venue Apartments, a 134-unit apartment complex in the Twin Cities suburb of Chanhassen. The property opened in 2019 and is anchored by an Aldi grocery store, which is separately owned and was not part of the transaction. Amenities include a rooftop deck, business center, fitness facility, clubroom, sports simulator, coffee bar, underground heated parking and automated package delivery. Mox Gunderson, Dan Linnell, Adam Haydon and Devon Dvorak of Colliers represented the seller, Minnesota-based Roers Cos. Edina, Minn.-based Highland Management purchased the property through a 1031 exchange. The community was 95.5 percent leased at the time of sale.
CHICAGO — Mid-America Real Estate Corp. has brokered the sale of the Southport Retail Collection, a portfolio of three trophy retail assets located in Chicago’s Southport Corridor. The fully leased, 20,242-square-foot portfolio sold to a private buyer. The assets are leased to Capital One Café, Tuco & Blondie and Indira Salon & Spa. Joe Girardi, Emily Gadomski and Patrick Corrigan of Mid-America represented the undisclosed seller.
ST. LOUIS — Marcus & Millichap has negotiated the $9.7 million sale of the Interior Design Center of St. Louis, a seven-suite industrial property in St. Louis. The facility comprises 92,104 square feet of flex industrial space across two masonry buildings. The fully leased property is anchored by four long-term tenants, including KDR Designer Showrooms and AUTCOhome Appliance. Tyler Sharp, Adam Abushagur and David Saverin of Marcus & Millichap represented the seller, a local investor. Buyer information was not provided.
CHICAGO AND WASHINGTON, D.C. — Brailsford & Dunlavey (B&D), a Bernhard Capital Partners portfolio company, and Project Management Advisors (PMA) have merged, bringing together two national companies in program management and real estate advisory services. Together, the firms offer a comprehensive suite of services spanning strategic planning and advisory, project leadership and delivery, owner’s representation and operations for consulting for social and institutional infrastructure clients and large asset owners. By merging their teams and capabilities, the firms expand their geographic reach and sector depth across higher education, healthcare, life sciences, technology, K-12 schools, civic and municipal projects, sports venues, hospitality, residential and energy infrastructure. The combined organization includes more than 450 professionals serving clients nationwide from offices in major markets, including Northern and Southern California, Austin, Chicago, Atlanta, Orlando, Tampa, Washington, D.C., and New York.