Acquisitions

Bradford Acquires 254,000 SF Office Building in Uptown Dallas

by Taylor Williams July 29, 2025

DALLAS — An affiliate of Bradford Cos. has acquired Uptown Tower, a 254,000-square-foot office building in Dallas. According to LoopNet Inc. the 12-story building at 4144 N. Central Expressway was originally constructed in 1982 and last renovated in 1994. The new ownership plans to implement a value-add program that will feature a redesigned lobby and a new fitness center and coworking lounge. The building was roughly 54 percent leased at the time of sale. Creighton Stark of Weitzman represented the seller, a private REIT, in the transaction. Richmond Collinsworth and Kevin Santaularia represented Bradford internally. HALL Structured Finance provided a $30.8 million acquisition loan for the deal that was arranged by Adam Hyman of Metropolis AMA Advisors.

July 29, 2025

Signature-Place-Morris-Plains-New-Jersey

Acquisitions Multifamily New Jersey Northeast

CBRE Brokers $85M Sale of Northern New Jersey Apartment Complex

by Taylor Williams July 29, 2025

MORRIS PLAINS, N.J. — CBRE has brokered the $85 million sale of Signature Place, a 197-unit apartment complex located in the Northern New Jersey community of Morris Plains. Built in 2018, the property offers one-, two- and three-bedroom units with an average size of approximately 1,000 square feet. Amenities include a pool, fitness center with a yoga studio, golf simulator, private movie theater, conference rooms, pet spa and a clubroom with a fireplace and game table. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, Roland Merchant and Tom Pryor of CBRE represented the seller, Veris Residential, in the transaction. The buyer was not disclosed.

July 29, 2025

Acquisitions Multifamily New Jersey Northeast

Kislak Negotiates $4.7M Sale of Two Apartment Buildings in Irvington, New Jersey

by Taylor Williams July 29, 2025

IRVINGTON, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $4.7 million sale of two apartment buildings totaling 47 units in the Northern New Jersey community of Irvington. The building at 15 Chester Ave. has 33 units, and the building at 628-630 Lyons Ave. has 14 units. Joni Sweetwood of Kislak represented the sellers, both of which were limited liability companies, in the transaction. Sweetwood also procured the buyer, CY Management LLC.

July 29, 2025

Acquisitions Florida Retail Southeast

Real Estate Fund Acquires Merritt Crossing Shopping Center on Florida’s Space Coast for $9.1M

by John Nelson July 29, 2025

MERRITT ISLAND, FLA. — MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman Inc., has acquired Merritt Crossing, a 90,000-square-foot shopping center on Florida’s Space Coast, for approximately $9.1 million. John Crotty, Michael Fay, David Duckworth, Brian De La Fe and Philip Shapiro of Avison Young represented the seller, Dechomai Asset Trust Number Three LLC, in the transaction. Matthew Brown, Nicholas White and Will Rosenfield represented the buyer on an internal basis. DG Market and Planet Fitness anchor the shopping center, which is situated on 15.3 acres at 239 Crockett Blvd. on Merritt Island. Merritt Crossing was 92.3 percent leased at the time of sale. NAI Merin Hunter Codman will manage the shopping center, and Holly Carver and Lisa Earnhardt of Rocket City Commercial Real Estate will lease the property on behalf of the new ownership. Since launching in 2022, MHCommercial Real Estate Fund II has purchased nine properties totaling 1.1 million square feet.

July 29, 2025

Acquisitions California Office Western

ParkTerra, JEN Partners Buy 306,664 SF Axis Office Campus in Anaheim, California

by Amy Works July 29, 2025

ANAHEIM, CALIF. — ParkTerra and JEN Partners have acquired Axis, an office campus in Anaheim, from a joint venture between a global banking giant and Pendulum Property Partners for $62.5 million. CBRE National Office Partners’ Anthony DeLorenzo, Sammy Cemo and Bryan Johnson represented the seller. CBRE’s Greg Sullivan, Jennifer Whittington, David Dowd and Matt Didier also advised the seller on the transaction. Axis offers 306,664 square feet of office space at 2121-2170 Towne Centre Place, 2190 Town Centre Place and 2390 Orangewood Ave. The campus offers a creative office building tailored for owner-users, a residential redevelopment site and a high-end office asset.

July 29, 2025

Acquisitions Retail Southeast Virginia

Colliers Negotiates $8.6M Sale of Lynnhaven Square Retail Center in Virginia Beach

by John Nelson July 29, 2025

VIRGINIA BEACH, VA. — Colliers has negotiated the $8.6 million sale of Lynnhaven Square, a two-property retail center located at 2077-2085 Lynnhaven Parkway in Virginia Beach. Jeff Fritz and Jay O’Donnell of Colliers represented the undisclosed seller, a tenancy in common (TIC) entity, in the transaction. The undisclosed buyer has tapped George Fox of Colliers to provide leasing advisory services at Lynnhaven Square, which was fully leased at the time of sale to tenants including Wingstop, Cold Stone Creamery, Virginia ABC, Coastal Vision and The UPS Store. Situated on 2.4 acres, the property is part of Salem Crossing, a larger 450,000-square-foot retail development.

July 29, 2025

Acquisitions California Multifamily Western

IPA Brokers $14.4M Sale of Apartment Community in El Cajon, California

by Amy Works July 29, 2025

EL CAJON, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Terre at Ballantyne, a multifamily property in El Cajon. The asset traded for $14.4 million. Chris Zorbas, Alexander Garcia Jr. and Kyle Pinkalla of IPA represented the undisclosed seller and procured the undisclosed buyer in the deal. Terra at Ballantyne features 60 units spread across 10 two-story buildings. Apartments offer air conditioning and heating, large closets and patios or balconies on select units. Community amenities include two swimming pools and two laundry facilities. At the time of sale, the property was 97 percent occupied with 40 percent of the units renovated.

July 29, 2025

Acquisitions Arizona Restaurant Retail Western

CBRE Negotiates Sales of Two Retail Ground Leases in Goodyear, Arizona for $6.7M

by Amy Works July 29, 2025

GOODYEAR, ARIZ. — CBRE has negotiated the sales of two adjacent single-tenant ground lease properties at 1420 and 1460 N. Bullard Ave. in Goodyear. Two separate West Coast-based private capital exchange buyers acquired the assets for a combined total of $6.7 million. Benjamin Farthing and Owen Littrell of CBRE represented the seller, Tradecor Partners Goodyear LLC, in the transactions. Bubba’s 33 is located at 1460 N. Bullard Ave. and features a brand new 15-year absolute triple-net ground lease on a 1.7-acre parcel. The property sold for $3.5 million. Located at 1420 N. Bullard Ave., the double drive-through White Castle on a 1-acre parcel sold for $3.2 million.

July 29, 2025

Acquisitions Indiana Industrial Midwest

SkyREM Purchases 565,560 SF Warehouse in Metro Indianapolis

by Kristin Harlow July 29, 2025

WHITESTOWN, IND. — SkyREM has purchased a newly constructed warehouse totaling 565,560 square feet within 65 Commerce Park in the Indianapolis suburb of Whitestown. The development offers direct access to I-65 and proximity to the Indianapolis International Airport and CSX railroads. The facility is fully automated with robotics and is fully leased to a global e-commerce platform specializing in fashion. The property features a clear height of 36 feet and 55 dock doors. SkyREM purchased the asset from Strategic Capital Partners, a developer headquartered in Indianapolis.

July 29, 2025

Acquisitions Healthcare Illinois Midwest

MedProperties Acquires 41,540 SF Medical Office Building in Chicago Ridge

by Kristin Harlow July 29, 2025

CHICAGO RIDGE, ILL. — MedProperties Realty Advisors, a Dallas-based healthcare real estate investor, has acquired Millennium Medical Center, a 41,540-square-foot medical office building in the southwest Chicago suburb of Chicago Ridge. The two-story property at 10604 Southwest Highway was built in 2018 by a group of local physicians. The lead tenant is an affiliate of US Oncology, a national network of more than 600 cancer treatment centers. A complementary tenant base that serves patients suffering from cancer and related ailments makes up the balance of the tenancy at the property. Old National Bank provided debt for the acquisition. The seller was the original physician group.

July 29, 2025

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