Tuesday, June 17, 2025
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Acquisitions

Heron-View-Apts-Kenmore-WA
AcquisitionsMultifamilyWashingtonWestern

Weidner Apartment Homes Sells Heron View Multifamily Community in Kenmore, Washington for $19.9M

by Amy Works

KENMORE, WASH. — Weidner Apartment Homes has completed the sale of Heron View, a multifamily property in Kenmore, to Wright Investment Properties for $19.9 million, or $276,042 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1987, Heron View features three residential buildings and a leasing office surrounding a central parking lot. The community offers 72 one- and two-bedroom apartments, averaging 797 square feet, with white appliances, laminate countertops, washers/dryers and wood-burning fireplaces.

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Escondido-Logistics-Center-Escondido-CA
AcquisitionsCaliforniaIndustrialWestern

San Diego County Water Authority Buys 88,552 SF Industrial Building in Escondido

by Amy Works

ESCONDIDO, CALIF. — San Diego County Water Authority (SDCWA) has acquired a freestanding industrial building in Escondido from RPG for $38.8 million in a forward sale. The 88,552-square-foot property was still under construction when the acquisition occurred. Situated on 9.5 acres at 1960 Citracado Parkway, the building features a clear height of 28 feet, heavy power, a large truck court and abundant loading positions. The property was originally part of Escondido Logistics Center, a planned two-building industrial project. The second building, totaling 58,502 square feet, is currently under construction with completion slated for January 2025. Aric Starck and Drew Dodds of Cushman & Wakefield represented the seller.

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Oakbrook-Shopping-Center-Littleton-CO
AcquisitionsColoradoRetailWestern

Marcus & Millichap Arranges Sale of 78,571 SF Oakbrook Shopping Center in Littleton, Colorado

by Amy Works

LITTLETON, COLO. — Marcus & Millichap has brokered the sale of Oakbrook Shopping Center, a retail property located at 309-311 E. County Line Road in Littleton. The property consists of a 30,466-square-foot neighborhood strip center, fully leased to 15 tenants, and a 48,214-square-foot anchor space, which is occupied by O’Reilly Auto Parts Super Hub. The assets sold in separate transactions to different buyers for a combined total of $13.5 million. Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller, Denver-based Sidford Capital, in the transaction.

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AcquisitionsMidwestMissouriRetail

Block & Co. Arranges Sale of 19-Property Minit Mart Portfolio in Metro Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Block & Co. Inc. Realtors has arranged the sale of a 19-property Minit Mart portfolio in metro Kansas City for an undisclosed price. Greg Roberts of Block & Co. represented the buyer, Tarkio Real Estate LLC. The portfolio will be transitioned into independent liquor and corner stores. All gas pumps will be rebranded to Phillips 66.

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AcquisitionsIndustrialMidwestMinnesota

MLG Capital Acquires Nine-Building Industrial Portfolio in Suburban Minneapolis

by Kristin Harlow

EDINA AND EDEN PRAIRIE, MINN. — MLG Capital has acquired the Golden Triangle Portfolio in suburban Minneapolis for an undisclosed price. The flex portfolio includes a blend of industrial and office space across nine buildings in Edina and Eden Prairie. Golden Triangle is the 20th acquisition within MLG’s most recent fund, MLG Private Fund VI, and its 48th investment in metro Minneapolis. MLG partnered with Big River Real Estate on the acquisition.

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AcquisitionsIndustrialNorth CarolinaSoutheast

Rockpoint Sells 233,818 SF Industrial Facility in Apex, North Carolina

by John Nelson

APEX, N.C. — Boston-based Rockpoint has sold Building I at Apex Commerce Center, a four-building industrial park totaling 845,000 square feet in Apex, a city roughly 15 miles southwest of Raleigh. LaSalle Investment Management purchased the 233,818-square-foot facility for an undisclosed price. Dave Andrews and Pete Pittroff of JLL represented Rockpoint in the transaction. Building I at Apex Commerce Center was built in 2023 and was fully leased at the time of sale. The rear-load facility features 32-foot clear heights, ESFR sprinklers and LED lighting. Building I is the first of four buildings at Apex Commerce Center, which Rockpoint developed in partnership with Oppidan Investment Co.

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AcquisitionsGeorgiaRetailSoutheast

Coro Realty Trades Shopping Center in Alpharetta, Georgia to Mimms for $19M

by John Nelson

ALPHARETTA, GA. — Coro Realty Advisors has sold North Point Village, a 57,219-square-foot shopping center in the northern Atlanta suburb of Alpharetta. Mimms Enterprises purchased the property from Coro Realty for $19 million. Fred Victor of Atlantic Retail brokered the transaction. Situated on 5.2 acres near Ga. Highway 400, North Point Village’s tenant roster includes Talbots, Kohler and Learning Express. The 1.3 million-square-foot North Point Mall is immediately adjacent to the center.

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AcquisitionsFloridaIndustrialSoutheast

Redfearn Capital Purchases Two South Florida Industrial Facilities for $10.8M

by John Nelson

BOYNTON BEACH AND JUPITER, FLA. — Redfearn Capital has purchased two industrial facilities in South Florida for a total of $10.8 million. The Delray Beach, Fla.-based investment firm acquired a 17,215-square-foot, multi-tenant facility at 4875 Park Ridge Road in Boynton Beach for $3.4 million and a 30,920-square-foot property at 1445-1449 Jupiter Park Drive in Jupiter for $7.4 million. The seller(s) was not disclosed.

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AcquisitionsHospitalityLouisianaSoutheast

Marcus & Millichap Brokers $9.8M Sale of Holiday Inn Hotel in Alexandria, Louisiana

by John Nelson

ALEXANDRIA, LA. — Marcus & Millichap has brokered the $9.8 million sale of Holiday Inn Alexandria Downtown, a 169-room hotel located at 701 4th St. in downtown Alexandria that fronts the Red River. The seller was Sharpco Hotels, an investment firm based in Natchitoches, La., that purchased the formerly vacant hotel from the City of Alexandria and revitalized and rebranded the property. A partnership between Tennessee-based VJ Hotels and Texas-based ARK Hospitality purchased the hotel. David Altman of Marcus & Millichap represented the seller in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana for the transaction. Holiday Inn Alexandria Downtown features 11,000 square feet of meeting space, a restaurant and Tesla car chargers, as well as direct access to the Randolph Riverfront Convention Center.

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AcquisitionsGeorgiaMultifamilySoutheast

FCP Sells Atlanta Apartment Community to Monday Properties, RSN Property Group for $36.8M

by John Nelson

ATLANTA — FCP has sold Villas at Princeton Lakes, a 210-unit apartment community located at 751 Fairburn Road SW in west Atlanta. A partnership between Monday Properties and RSN Property Group purchased the garden-style complex for $36.8 million. Travis Presnell and James Wilber of Cushman & Wakefield represented FCP in the transaction. Built in 2004, Villas at Princeton Lakes offers a mix of one-, two- and three-bedroom floor plans. FCP had originally purchased the community in late 2020 for $30 million, including the assumption of an existing mortgage, and implemented upgrades to the property’s common areas and exteriors.

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