Acquisitions

Duckhorn Partners Sells Two-Tenant Retail Property in Van Nuys, California

by Amy Works June 23, 2025

VAN NUYS, CALIF. — Duckhorn Partners has completed the disposition of a two-tenant retail property located at 14434-14480 Sherman Way in Van Nuys. Sherman Way 26 Properties LLC, a local private investor, acquired the asset for $11.4 million. Alex Kozakov and Pat Wade of CBRE represented the seller in the deal. Situated on 1.2 acres in the San Fernando Valley, the 18,296-square-foot property was built in 1995 and offers 70 parking spaces. A national healthcare provider and El Gallo Giro, a regional restaurant chain, both occupy the property under long-term triple-net leases.

June 23, 2025

Acquisitions Hospitality Utah Western

CBRE Arranges Ground Lease Sale of 1.7-Acre Parcel in Downtown Salt Lake City

by Amy Works June 23, 2025

SALT LAKE CITY — CBRE has arranged the leased fee interest sale of a 1.7-acre parcel in downtown Salt Lake City. Safehold Inc. acquired the asset, which includes a ground lease for over 98 years, for an undisclosed price. Asher Adams, a 225-key Autograph Collection hotel, occupies the site. The hotel was completed in 2024 and includes an adaptive reuse of the historic Union Pacific Depot Train Station. The parcel is located at 2 S. 400 West. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, Will Pike and Patrick Bodnar of CBRE represented the institutional seller in the transaction.

June 23, 2025

Acquisitions Colorado Restaurant Retail Western

Pinnacle Real Estate Advisors Brokers Sale of 5,192 SF Restaurant Property in Sterling, Colorado

by Amy Works June 23, 2025

STERLING, COLO — Pinnacle Real Estate Advisors has arranged the acquisition of a restaurant property located at 224 W. Main St. in Sterling. Terms of the transaction were not released. Pizza Hut currently occupies the 5,192-square-foot property on a triple-net lease. Dallas Sandberg represented the undisclosed buyer in the deal.

June 23, 2025

Acquisitions Indiana Midwest Retail

Prudent Growth Buys Rivergate Shopping Center in Metro Indianapolis for $4.4M

by Kristin Harlow June 23, 2025

SHELBYVILLE, IND. — Prudent Growth Partners LLC has purchased Rivergate Shopping Center in the Indianapolis suburb of Shelbyville for $4.4 million. Built in 1985 and renovated in 1995, the 45,314-square-foot property is currently home to 10 tenants with staggered lease expirations. The center has been well maintained, and no significant deferred maintenance needs exist, according to Prudent Growth.

June 23, 2025

Acquisitions Illinois Industrial Midwest

Venture One Acquires 42,224 SF Industrial Building in Niles, Illinois

by Kristin Harlow June 23, 2025

NILES, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 42,224-square-foot industrial building in the Chicago suburb of Niles. Located at 7777 Merrimac Ave., the single-tenant property was fully leased at the time of sale. Constructed in 1964, the facility sits on 2.4 acres and features two docks and parking for more than 89 cars. Bill Lussow of Bespoke Commercial Real Estate represented the undisclosed seller. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

June 23, 2025

Acquisitions Office Texas

Formation Real Estate Arranges Sale of 52,000 SF Office Building in Fort Worth

by Taylor Williams June 20, 2025

FORT WORTH, TEXAS — Locally based brokerage firm Formation Real Estate has arranged the sale of 1612 Summit Avenue, a 52,000-square-foot office building located just outside of downtown Fort Worth. The building offers flexible floor plans that can accommodate a range of users. Grant Huff of Formation represented the buyer in the transaction and has been retained as the leasing agent. Bill Behr and Gavin Behr of Transwestern represented the seller. Both parties requested anonymity. The new ownership plans to refresh the building’s common areas and deliver customized finish-outs for incoming tenants.

June 20, 2025

Acquisitions Industrial New York Northeast

Commercial Development Co. Buys 237,480 SF Former Manufacturing Plant in Auburn, New York

by Taylor Williams June 20, 2025

AUBURN, N.Y. — An affiliate of St. Louis-based Commercial Development Co. has purchased the 237,480-square-foot former Bombardier manufacturing plant in Auburn, located outside of Syracuse in upstate New York. The 15-acre facility was originally built in 1886 to produce diesel engines and rail transportation equipment and includes several structures that were built in the 1940s. The facility features clear heights of 45 to 60 feet and is equipped with 12 overhead crane ways. Additionally, the property is fully paved and fenced with power-ready infrastructure in place. The new ownership will evaluate the existing buildings and retain or redevelop portions of the property based on market analysis.

June 20, 2025

Acquisitions Office Washington Western

Shorenstein Investment Advisers Divests of Three Office Buildings in Bellevue, Washington

by Amy Works June 20, 2025

BELLEVUE, WASH. — Shorenstein Investment Advisers has completed the sales of three office buildings in Bellevue’s The Spring District in two separate transactions. Funds affiliated with Blackstone Real Estate acquired a joint-control interest in Blocks 5 and 6 from Shorenstein, while Drawbridge Realty, a KKR partner, purchased Block 13 from Shorenstein and Wright Runstad & Co. The properties were each developed as build-to-suit office buildings for Meta. Terms of the transactions were not disclosed. Blocks 5 and 6 consist of two, 11-story buildings that total 670,000 square feet. While both buildings are leased long-term to Meta, the entirety of Block 6 was recently subleased to Snowflake, which moved into the building in May. Block 13 is a nine-story, 200,000-square-foot property.

June 20, 2025

Acquisitions Multifamily Oregon Washington Western

Pacific Urban Investors Acquires Two Multifamily Properties in Oregon, Washington

by Amy Works June 20, 2025

TIGARD, ORE., AND BELLEVUE, WASH. — Palo Alto, Calif.-based Pacific Urban Investors has purchased two apartment communities in Oregon and Washington. Terms of the transactions were not released. The company acquired Meadow Creek, a 304-unit multifamily in Tigard, that has been renamed Ansley Murrayhill. Built in 1985, the two-story, garden-style property features 608 parking spaces, a clubhouse, fitness center, game room, swimming pool, spa, racquetball court and a dog park. Pacific Urban Investors also purchased Edgewood Park, a 195-unit property in Bellevue, that has been renamed Alder Bellevue. The low-density, garden-style community offers 372 parking spaces, two swimming pools, a fitness center and ample green space.

June 20, 2025

Acquisitions Industrial Nevada Western

Dalfen Industrial Expands Las Vegas Footprint with Purchase of 143,763 SF Logistics Center

by Amy Works June 20, 2025

LAS VEGAS — Dalfen Industrial has acquired Diablo Logistics Center, a two-building industrial asset located at 5075 and 5175 W. Diablo Drive in Las Vegas. Terms of the transaction were not released. Built in 2002, Diablo Logistics Center offers 143,763 square feet of industrial space that is fully leased to seven tenants. The buildings feature 160-foot truck courts, 24-foot clear heights, a total of 44 dock-high doors and 18 grade-level doors.

June 20, 2025

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