Acquisitions

Boulder Group Arranges $3.7M Sale of Single-Tenant Retail Property in Louisville Leased to Chase Bank

by John Nelson July 3, 2025

LOUISVILLE, KY. — The Boulder Group has arranged the $3.7 million sale of a single-tenant retail property located at 3600 Bardstown Road in Louisville. Chase Bank occupies the 3,176-square-foot property on a triple-net lease, which has more than 11 years remaining on the term and two five-year renewal options with built-in 10 percent rental escalations. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Midwest-based institution, and the seller, a private family from the Midwest, in the transaction. Both parties requested anonymity. The Chase Bank property serves as an outparcel to a Lowe’s Home Improvement store and is situated within one mile of I-264.

July 3, 2025

Acquisitions California Multifamily Western

Marcus & Millichap Arranges $18.3M Sale of Terra Oceanside Apartment Complex in California

by Amy Works July 3, 2025

OCEANSIDE, CALIF. — Marcus & Millichap has arranged the sale of Terra Oceanside, a multifamily property in Oceanside. A personal trust sold the asset to a limited liability company for $18.3 million. Located at 3964 and 3970 Waring Road, Terra Oceanside offers 62 studio, one- and two-bedroom apartments with patios or balconies, vinyl flooring, quartz countertops and stainless steel appliances. Community amenities include an onsite management office, laundry facilities, a fitness center, built-in barbecues and ample covered and uncovered parking spaces. Tyler Leeson, Drew Holden and Matthew Kipp of Marcus & Millichap represented the seller, while Holden, Kipp, Leeson and David Yeh of Marcus & Millichap represented the buyer in the transaction.

July 3, 2025

Acquisitions District of Columbia Restaurant Retail Southeast

SRS Brokers $3M Sale of D.C. Restaurant Leased to Pupatella Neapolitan Pizza

by John Nelson July 3, 2025

WASHINGTON, D.C. — SRS Real Estate Partners has brokered the nearly $3 million sale of a restaurant property located at 301 Massachusetts Ave. in Washington, D.C.’s Capitol Hill neighborhood. Pupatella Neapolitan Pizza has occupied the 4,154-square-foot restaurant since fall 2024 on a triple-net lease. Rick Fernandez and Andrew Fallon of SRS represented the seller, a private owner based in New York City, in the transaction. The buyer was a local private investor. Both parties requested anonymity. Sandy Spring Bank provided an undisclosed amount of acquisition financing to the buyer. The restaurant was recently renovated and features 1,500 square feet of outdoor patio space.

July 3, 2025

Acquisitions Hospitality Western Wyoming

Prime Investment Properties Brokers Sale of Heartland Inn & Suites Hotel in Wheatland, Wyoming

by Amy Works July 3, 2025

WHEATLAND, WYO. — Prime Investment Properties has arranged the sale of the Heartland Inn & Suites hotel in Wheatland. Terms of the transaction were not disclosed. Heartland Inn & Suites features 57 guest rooms, complimentary breakfast, a fitness center, business services and convenient access to I-25.

July 3, 2025

Acquisitions Illinois Industrial Loans Midwest

Byline Bank Provides $17M for Acquisition of Two Chicagoland Industrial Properties

by Kristin Harlow July 3, 2025

ALSIP, ILL. — Byline Bank has provided $17 million for the acquisition and future capital improvement of two industrial properties located at 5750 W. 118th St. and 11700 S. Central Ave. in Alsip. TradeLane Properties was the borrower. The manufacturing facility on 118th Street totals 366,869 square feet and was built between 1996 and 2000. It features exterior dock doors, existing bridge cranes, 480 expandable parking stalls and active multi-track rail service via Indiana Harbor Belt. TradeLane plans to reposition the asset by replacing the roof, paving, exterior and interior painting, landscaping and preparing the office space for lease. The second property is an 84,376-square-foot distribution center that is fully leased and situated on 4.5 acres. Constructed in 1990, the building features a 4,500-square-foot office space, 15 exterior dock-high doors, a drive-in door and 26 auto parking stalls. The acquisition marks the 14th transaction between Byline and TradeLane in the last five years.

July 3, 2025

Acquisitions Industrial Midwest Wisconsin

ERMCO Acquires 158,000 SF Industrial Facility in Bristol, Wisconsin

by Kristin Harlow July 3, 2025

BRISTOL, WIS. — Electric Research and Manufacturing Cooperative Inc. (ERMCO) has acquired a 158,000-square-foot industrial facility at Bristol Business Park in southern Wisconsin. ERMCO began leasing the property in May 2024 to prepare for operational readiness and officially commenced operations in April 2025. The site, located in Building 4, features a clear height of 32 feet, 30 expandable dock doors, 215 parking spaces and 4,000 amps of power. ERMCO continues to invest in advanced manufacturing to support the evolving needs of the energy sector. The Bristol facility will serve as the company’s dedicated amorphous hub, reinforcing its commitment to delivering high-efficiency transformer solutions that support grid modernization and long-term reliability. ERMCO now has two domestic sources of electrical steel (amorphous and grain-oriented). Sean Kropke and Keith Puritz of Cushman & Wakefield represented ERMCO in the sale.

July 3, 2025

Acquisitions Indiana Midwest Retail

Marcus & Millichap Arranges $4.6M Sale of Retail Center in Columbus, Indiana

by Kristin Harlow July 3, 2025

COLUMBUS, IND. — Marcus & Millichap has arranged the $4.6 million sale of Holiday Center, a 26-unit retail center in Columbus, about 45 miles south of Indianapolis. The fully leased property totals 59,117 square feet across four buildings. Forest Bender and Joseph DiSalvo of Marcus & Millichap represented the Indiana-based seller. The new ownership plans to enhance income through strategic leasing and explore potential outlot development, according to Bender.

July 3, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $2.6M Sale of Chicago Apartment Building

by Kristin Harlow July 3, 2025

CHICAGO — Kiser Group has brokered the $2.6 million sale of a 36-unit apartment building located at 5201 W. Washington Blvd. in Chicago’s Austin neighborhood. The property was fully leased at the time of sale, with one recently filled vacancy. The asset received a full mechanical and cosmetic renovation, including individual furnaces and new plumbing and electrical systems. Noah Clark and Jack Petrando of Kiser represented the buyer and seller, neither of which were disclosed.

July 3, 2025

Acquisitions Massachusetts Multifamily Northeast

CBRE Arranges Sale of 295-Unit Strata Apartments in Malden, Massachusetts

by Taylor Williams July 3, 2025

MALDEN, MASS. — CBRE has arranged the sale of Strata, a 295-unit apartment community located north of Boston in Malden. Built in 2000, Strata is a single-story building that houses studio, one-, two- and three-bedroom units with an average size of 892 square feet. Amenities include a pool, resident lounge, private work pods, a fitness center and expansive socialization areas. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler represented the seller, an affiliate of Oregon-based investment firm The Green Cities Co., in the transaction. CBRE also procured the buyer, an undisclosed institutional investment firm.

July 3, 2025

Acquisitions New Jersey Northeast Office

Newmark Brokers Sale of 222,888 SF Office Property in Moorestown, New Jersey

by Taylor Williams July 3, 2025

MOORESTOWN, N.J. — Newmark has brokered the sale of a 222,888-square-foot office property in Moorestown, located outside of Philadelphia in Southern New Jersey.The sales price was $17.6 million. Moorestown Corporate Center consists of three buildings on a 16.8-acre site. Amenities include a café with an outdoor seating area and a new fitness center. David Dolan, Angelo Brutico and Anne Klein of Newmark represented the seller, local investment firm Keystone, in the transaction. Stephen Comly and Eric DeStefano, also with Newmark, arranged acquisition financing on behalf of the buyer, regional investment firm Melrose Solomon Enterprises.

July 3, 2025

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