Acquisitions

TSB Realty Arranges Sale of 543-Bed Student Housing Community Near Kennesaw State University in Georgia

by John Nelson July 10, 2025

MARIETTA, GA. — TSB Realty has arranged the sale of The Indy, a 543-bed student housing community located near the Kennesaw State University campus in Marietta. Heitman purchased the property on behalf of an institutional investor from a joint venture involving Vesper Holdings. Terms of the transaction were not released. Delivered in 2020, the community offers 172 units in a mix of one-, two-, three- and four-bedroom configurations. Shared amenities include a saltwater resort-style pool, 24-hour fitness center, clubhouse, cyber café and coffee bar, game room, indoor and outdoor rooftop lounge, putting greens and fire pits. The Indy was fully occupied at the time of sale.

July 10, 2025

Acquisitions Arizona Multifamily Western

Greystar Sells 412-Unit Avana Desert View Multifamily Community in Scottsdale to Knightvest

by Amy Works July 10, 2025

SCOTTSDALE, ARIZ. — Greystar has completed the disposition of Avana Desert View, an apartment property located at 17030 N. 49th St. in Scottsdale. Knightvest acquired the 412-unit asset for an undisclosed price. Built in 1996 on 18.5 acres, Avana Desert View is a two- and three-story community offering two swimming pools and spas, a playground and sand volleyball court. Apartments feature washers/dryers, stainless steel appliances and walk-in closets. Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the sale and financing for the transaction. Steve Gebing and Cliff David of IPA represented the seller and procured the buyer. Brian Eisendrath, Cameron Chalfant and Tyler Johnson of IPA Capital Markets arranged five years of interest-only acquisition financing for the buyer.

July 10, 2025

Acquisitions California Multifamily Seniors Housing Western

NAI Capital Negotiates $5.1M Sale of Assisted Living Site Slated for Adaptive Reuse in Pasadena

by Amy Works July 10, 2025

PASADENA, CALIF. — NAI Capital Commercial has arranged the sale of a former assisted living facility located at 1450 N. Fair Oaks Ave. in Pasadena. Agri Capital sold the asset to 1450 N Fair Oaks LLC for $5.1 million, or $180 per square foot of building area and $147 per square foot of land. Stephen Lam, Guillermo Olaiz and John Archibald of NAI Capital represented the seller in the deal. The 28,512-square-foot, 42-unit former nursing facility is situated on a 34,980-square-foot lot and was vacant at the time of sale. The owner plans to repurpose the building as a temporary housing facility focused on mental health support and substance use prevention.

July 10, 2025

Acquisitions North Carolina Retail Southeast

Marcus & Millichap Brokers $2M Sale of Retail Property in Franklin, North Carolina Leased to Aspen Dental

by John Nelson July 10, 2025

FRANKLIN, N.C. — Marcus & Millichap has brokered the nearly $2 million sale of a single-tenant retail property located at 1370 Siler Road in Franklin, a city in western North Carolina near the Georgia border. Built in 2022 and shadow-anchored by Walmart, the property is net-leased to Aspen Dental, which is occupying the store on a 10-year corporate lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller in the transaction. Kevin Smith Sr. and Brandon Sherrill of Marcus & Millichap represented the buyer. Both parties are privately based real estate investors that requested anonymity. Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina, assisted in the sale. “This transaction highlights continued investor confidence in essential healthcare retail, particularly in premier tertiary markets like Franklin,” says McMinn. “Net-leased dental assets with strong corporate backing remain highly sought after, even as broader market dynamics evolve.”

July 10, 2025

Acquisitions Colorado Industrial Western

Malman Real Estate Arranges $2.1M Sale of Industrial Facility in Denver

by Amy Works July 10, 2025

DENVER — Malman Real Estate has arranged the purchase of a 6,400-square-foot industrial building located at 3645 Brighton Blvd. in Denver. ARN Land Co LLC acquired the asset from 3645 Brighton LLC for $2.1 million. Jake Malman of Malman Real Estate represented the buyer, while Dallas Landry of LC Real Estate Group, along with Jerry Graham and Jamie Dilts of Coldwell Banker Realty, represented the seller in the transaction.

July 10, 2025

Acquisitions California Restaurant Retail Western

CBRE Brokers $1.7M Sale of Starbucks-Occupied Retail Property in San Diego

by Amy Works July 10, 2025

SAN DIEGO — CBRE has arranged the sale of a retail property located at 3352 Adams Ave. in San Diego. Corner Properties sold the asset to 3352 Adams LLC for $1.7 million. The 1,730-square-foot property features a long-term, triple-net lease with Starbucks Coffee. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, while Andrew Slade of CIRE Partners represented the buyer in the deal.

July 10, 2025

Acquisitions Midwest Multifamily Ohio

Abide Capital, MCB Acquire Harlow on Main Apartment Complex in Columbus for $16.5M

by Kristin Harlow July 10, 2025

COLUMBUS, OHIO — Abide Capital Group and joint venture partner MCB Real Estate have acquired Harlow on Main, a 120-unit apartment complex in downtown Columbus, for $16.5 million. Purpose-built for working professionals and recent graduates, the property at 195 E. Main St. in the Civic Center District was completed in 2020. At the time of sale, Harlow on Main was more than 86 percent leased. The asset features 7,000 square feet of ground-floor retail space, structured parking and an amenity suite. WesBanco provided acquisition financing. Newmark marketed the property for sale on behalf of the undisclosed seller.

July 10, 2025

Acquisitions Illinois Midwest Multifamily

Interra Realty Arranges $10.7M Sale of Apartment Building in Chicago’s Lincoln Park

by Kristin Harlow July 10, 2025

CHICAGO — Interra Realty has arranged the $10.7 million sale of a 22-unit apartment building located at 811 W. Lill Ave. in Chicago’s Lincoln Park neighborhood. The vintage asset features four one-bedroom, 12 two-bedroom and six three-bedroom units. Floor plans average 1,078 square feet. Constructed in 1901, the property has been recently updated with new finishes as well as in-unit laundry and individual HVAC. Brad Feldman of Interra represented the buyer, a Chicago-based private investor. Joe Smazal of Interra represented the seller, a local private investor and developer.

July 10, 2025

Acquisitions Illinois Midwest Retail

Mid-America Brokers Sale of 67,146 SF Retail Center in Oak Brook, Illinois

by Kristin Harlow July 10, 2025

OAK BROOK, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Oaks of Oak Brook, a 67,146-square-foot retail center in the Chicago suburb of Oak Brook. The property was 98 percent leased at the time of sale to tenants such as Athletico, Activate Games, NxStage Kidney Care, Blackberry Market, Erik’s Bike Board & Ski and OrthoLazer. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Newport Capital Partners. The asset sold to a private buyer.

July 10, 2025

Acquisitions Industrial Texas

Phoenix Investors Buys 1.5 MSF Industrial Park in Corsicana, Texas

by Taylor Williams July 9, 2025

CORSICANA, TEXAS — Milwaukee-based Phoenix Investors has purchased a 1.5 million-square-foot industrial park in Corsicana, a southern suburb of Dallas. The 172-acre property was originally constructed as a build-to-suit distribution center for K-Mart and later utilized by The Home Depot as a regional logistics hub. The property was fully leased at the time of sale and includes 26- to 28-foot clear heights, 109 dock doors and 983 trailer parking spaces. In addition, the facility underwent major renovations in 2018, including a new roof installation. Pauli Kerr of JLL brokered the deal. The seller and sales price were not disclosed.

July 9, 2025

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