TARRYTOWN, N.Y. — The DSF Group, an investment firm with offices in Boston and Washington D.C., has sold Halstead Tarrytown, a 300-unit asset located about 30 miles north of New York City. Built in 1998, the property consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. Steve Simonelli led the JLL team that represented the seller and procured the undisclosed buyer in the transaction. The new ownership plans to implement a value-add program.
OCEANSIDE, CALIF. — Capital Investment Network has completed the disposition of Oceanside Square, a shopping center at 4750 Oceanside Blvd. in Oceanside. A San Francisco-based buyer, in a 1031 exchange, acquired the asset for $11.6 million. Oceanside Square offers 35,013 square feet of retail space occupied by 21 tenants. At the time of sale, the property was 95.1 percent leased. Originally built in 1990, Oceanside Square underwent substantial capital improvements in 2022 and 2024. Ross Sanchez and Nick Totah of Marcus & Millichap’s San Diego Del Mar office represented the seller in the transaction.
SAN DIEGO — Steel Peak, a commercial real estate investment firm, has completed the sale of an industrial outdoor storage (IOS) property located at 6975 Camino Maquiladora in San Diego. RojoWood Lumber & Building Supply acquired the asset for $3.8 million. The property includes a functional industrial building with shop and office space, as well as a large excess yard for outdoor storage of vehicles, equipment and materials. The asset offers close proximity to Interstate 5 Freeway, 905 Freeway and the United States-Mexico border. Rob Hixson and James Hixson of CBRE represented the seller, while Rabin Salehi of CBRE represented the buyer in the transaction. Steel Peak originally purchased the property in December 2024 for $2.6 million and made significant improvements to the property. This sale is the company’s first exit out of its five-property portfolio of IOS facilities in the San Diego market.
PORTLAND, ORE. — Marcus & Millichap has arranged the acquisition of a retail property in Portland. A trust out of Northern California acquired the asset from an undisclosed seller for $2.1 million. O’Reilly Auto Parts occupies the 7,000-square-foot property on a net-leased basis. The retailer recently extended its triple-net lease for 10 years with additional renewal options. Chris Doty of Marcus & Millichap’s Phoenix office procured the buyer. David Tabata of Marcus & Millichap served as the Oregon broker of record.
DENVER — Malman Real Estate has arranged the sale of 775 S. Jason Street, an industrial condominium in Denver. The Learned Co. acquired the property from 775 S Jason Street LLC for $1.2 million. Shane Robson of Malman Real Estate represented the seller, while Jarod Pale of DePaul Real Estate Advisors represented the buyer in the deal.
DETROIT — Friedman Real Estate has brokered the $9.2 million auction sale of the 600 Tower of the Renaissance Center in Detroit. The 21-story office building totals 334,000 square feet. Friedman utilized auction partner Ten-X. The buyer was Dr. Mahmoud Al-Hadidi, an internal medicine specialist that also runs a real estate investment firm, according to Crain’s Detroit Business. The news outlet reports that the 600 Tower had been owned by a joint venture between F&F Capital Group and Friedman Real Estate. The building is one of the shorter RenCen towers and is not owned by General Motors Co., which is working on a redevelopment plan for the five towers it owns.
WISCONSIN RAPIDS, WIS. — Marcus & Millichap has arranged the $2.9 million sale of a two-building, six-suite retail center in Wisconsin Rapids in central Wisconsin. Built in 2007, the fully leased property is located on 1.6 acres and is anchored by Maurices and Mattress Firm. Jeff Rowlett of Marcus & Millichap represented the seller, Elm Holdings 1 LLC. Jesse Schluter of Wisconsin Commercial Real Estate procured the buyer, a Wisconsin-based private investor.
TEMPLE TERRAE, FLA. — Denver-based BMC Investments has purchased Park at Valenza, a 776-unit apartment community located at 6900 Aruba Ave. in Temple Terrace, a suburb of Tampa. The seller and sales price were not disclosed, as well as BMC’s joint venture partner. The property was constructed in three phases from 1987 to 1996, and features a mix of one-, two- and three-bedroom units. Park at Valenza’s amenities include a lounge, gym, pool, basketball court and tennis courts. BMC is investing in capital improvements at the community, including new paint, roofing, siding, landscaping and parking lot work, as well as improvements to Park at Valenza’s amenities and some select units. A Prime Finance-sponsored fund provided acquisition financing.
BURLINGTON, N.C. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Alamance Crossing, a 456,742-square-foot open-air retail center located in Burlington, about 22 miles east of Greensboro, N.C. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk anchor the center. Additional retailers include Buffalo Wild Wings, Tropical Smoothie Café, Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks, among others. Tom Dobrowski of Newmark represented the seller in the transaction. Triad Business Journal reported that previous owner CBL Properties defaulted on the property’s $50 million loan and that Spinoso Real Estate Group was court-ordered to take over management of Alamance Crossing, as well as bring it to market. The news outlet also reported the asset traded hands for $38.5 million.
FREDERICKSBURG, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of a four-property industrial portfolio within Four Mile Fork Industrial Park in Fredericksburg, a city in Virginia’s Spotsylvania County. Virgil Nelson of Cushman & Wakefield | Thalhimer represented the seller, an entity doing business as Longwood Holdings LLC, in the transaction. The buyer, an entity doing business as Longwood Owner LLC, purchased the portfolio for $38 million. Situated on 35.7 acres at U.S. Route 1 and Courthouse Road, the 221,189-square-foot portfolio comprises Longwood 1 at 230 Industrial Drive, Longwood 2 at 11001 Houser Drive, Longwood 3 at 10934 Houser Drive and Longwood 5 at 11200 Houser Drive. The portfolio was fully leased at the time of sale to tenants including Flowers Bakery, Midsouth Building Supply, F.H.Furr, Capital Electric, Lennox and Blossman Gas.