Wednesday, July 8, 2026
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Acquisitions

AcquisitionsFloridaIndustrialSoutheast

JLL Arranges $31.8M Sale of Industrial Campus in Tampa

by Alex Tostado

TAMPA, FLA. — JLL has arranged the $31.8 million sale of Breckenridge Park, a 15-building industrial campus in eastern Tampa. The asset comprises 334,000 square feet and is situated at 5402-5460 Breckenridge Parkway, nine miles east of downtown Tampa. The buildings were developed between 1982 and 1998. Bret Felberg, Jeff Morris, John Dunphy and Peter Cecora of JLL represented the seller, MLG/PF Breckenridge Investment LLC, which is affiliated with MLG Capital. A joint venture partnership between The Arden Group and Avistone purchased the asset. Jillian Mariutti, Brian Gaswirth, Michael DiCosimo and Drew Jennewein, also with JLL, arranged a $26.3 million acquisition loan through BlackRock on behalf of the buyer. The joint venture will use a portion of the proceeds to implement a capital improvement plan.

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AcquisitionsFloridaMultifamilySoutheast

NKF Arranges $66M Sale of Apartment Community in Orlando

by Alex Tostado

ORLANDO, FLA. — Newmark Knight Frank (NKF) has arranged the $66 million sale of CODA Apartments, a 296-unit multifamily community in Orlando. The four-story property features studio, one- and two-bedroom floor plans. Communal amenities include a business center, 24-hour fitness center, clubhouse, conference room, pool, sundeck and a game room. CODA Apartments is located at 13645 E. Colonial Drive, 13 miles east of downtown Orlando. Scott Ramey, Erik Bjornson and Patrick Dufour of NKF represented the sellers, Catalyst Multifamily Management and The Carlyle Group, in the transaction. Long Beach, Calif.-based RK Properties acquired the asset, which the sellers delivered in 2019.

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AcquisitionsIllinoisMidwestMultifamilySeniors Housing

Strawberry Fields REIT Acquires Skilled Nursing Facility in East Moline, Illinois for $4M

by Kristin Harlow

EAST MOLINE, ILL. — Strawberry Fields REIT LLC has acquired Hope Creek Nursing and Rehabilitation Center in East Moline within the Quad Cities for $4 million. The 245-bed skilled nursing facility sits on 12 acres on Kennedy Drive. Built in 2007, it is the newest skilled nursing facility in the Quad Cities, according to Strawberry Fields. The property offers full inpatient rehabilitation, respite stays, hospice services, individualized care plans, restorative therapy programs, a secured memory care unit and a variety of activities for socialization. Strawberry Fields worked with Infinity Healthcare Consultants to lease the property to an entity expected to improve overall performance. The seller was undisclosed. Strawberry Fields REIT is a non-traded real estate investment trust based in South Bend, Ind.

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AcquisitionsMidwestMinnesotaRestaurantRetail

Marcus & Millichap Brokers $1.7M Sale of Arby’s-Occupied Property in Minnesota

by Kristin Harlow

NORTHFIELD, MINN. — Marcus & Millichap has brokered the $1.7 million sale of a 3,496-square-foot property occupied by Arby’s in Northfield, about 40 miles south of Minneapolis. The net-leased building is located at 2220 Gleason Court. Tom Gommels of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Gommels also procured the buyer, an out-of-state limited liability company.

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Celgene-Bristol-Myers-Squibb-Warren
AcquisitionsHealthcareLife SciencesNew JerseyNortheastOffice

NKF Negotiates Sale of 181,210 SF Life Sciences Facility in Warren, New Jersey

by Taylor Williams

WARREN, N.J. — Newmark Knight Frank (NKF) has negotiated the sale of a 181,210-square-foot life sciences facility in Warren that is fully leased to Celgene/Bristol Myers Squibb. Kevin Welsh, Brian Schulz, Jason Emrani, Steven Schultz and Dan Reider of NKF represented the seller, a joint venture between Ivy Realty and Waterfall Asset Management, in the transaction. The team also procured the buyer, Thor Equities. The property recently underwent a value-add program that included a new roof and HVAC upgrades.

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AcquisitionsHealthcareMassachusettsNortheast

Marcus & Millichap Brokers Sale of 39,424 SF Medical Office Complex in Milford, Massachusetts

by Taylor Williams

MILFORD, MASS. — Marcus & Millichap has brokered the sale of Hill Medical Offices, a 39,424-square-foot complex in Milford, located east of Worcester. The three-building medical office property sold for $4.3 million. Adam Cohen and Harrison Klein of Marcus & Millichap represented the seller, a personal trust, in the transaction. Klein also secured the buyer, a private investor. Both parties requested anonymity.

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701-SW-158th-Ave-Beaverton-OR
AcquisitionsIndustrialOfficeOregonWestern

Smartcap Buys Nike-Occupied Flex Warehouse Near Portland for $12.2M

by Amy Works

BEAVERTON, ORE. — Smartcap, a Seattle-based real estate investment firm, has purchased The Cortez Building, a warehouse and office property located at 701 SW 158th Ave. in Beaverton, a suburb eight miles west of Portland. An undisclosed seller sold the asset for $12.2 million. Nike Inc. occupies the 73,200-square-foot flex property through April 2025. The apparel company has leased the building since its delivery in 1994. Keith Young of Kidder Mathews and Denis Mehigan of The Mehigan Co. represented the buyer in the transaction.

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AcquisitionsMassachusettsMultifamilyNortheastSeniors Housing

Taurus, Northbridge Acquire Boston-Area Seniors Housing Portfolio for $200M

by Taylor Williams

BOSTON — A joint venture led by Taurus Investment Holdings and Northbridge Cos. has acquired six Class A seniors housing properties located in suburban Boston submarkets for approximately $200 million. The 507-unit portfolio consists of assisted living and memory care. Northbridge, a developer, owner, operator and asset manager of senior living communities, already manages the properties. The seller was Welltower, the largest REIT in the seniors housing space. The acquisition marks Taurus’ first investment in the seniors housing sector. The specific names and locations of the properties were not disclosed. Newmark Knight Frank represented Welltower in the transaction and also arranged acquisition financing for the buyer.

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1-Java-Street-Brooklyn
AcquisitionsMixed-UseNew YorkNortheast

JLL Negotiates $110.8M Sale of Waterfront Development Site in Brooklyn

by Taylor Williams

NEW YORK CITY — JLL has negotiated the $110.8 million sale of 1 Java Street, a waterfront development site in Brooklyn that offers 610,000 square feet of buildable space across a full city block. The site is located in the Greenpoint neighborhood and is zoned for mixed-use development. Stephen Palmese, Brendan Maddigan, Winfield Clifford, Michael Mazzara, Ethan Stanton and Patrick Madigan of JLL represented the sellers, JZ Capital Partners and Redsky Capital, in the transaction. Melissa Burch and Christie Walker represented the buyer, Lendlease, on an internal basis.

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AcquisitionsIllinoisMidwestRestaurantRetail

JLL Arranges $2.7M Sale of Three-Tenant Retail Building Near Chicago

by Kristin Harlow

SOUTH HOLLAND, ILL. — JLL Capital Markets has arranged the $2.7 million sale of a three-tenant retail building in South Holland near Chicago. The 5,000-square-foot property is home to Chipotle, JJ Fish & Chicken and an unnamed corporate wireless provider. Alex Sharrin, Alex Geanakos and Eric Cline of JLL represented the seller, Glazier Corp., which is a local Chicago developer. A Southern California-based private investor purchased the asset.

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