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Acquisitions

Bubbles-Liquor-World-Castle-Rock-CO
AcquisitionsColoradoRetailWestern

Pinnacle Real Estate Brokers Sale of Two-Property Liquor Store Portfolio in Castle Rock, Colorado

by Amy Works

CASTLE ROCK, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a two-property portfolio of operating liquor stores in Castle Rock. The portfolio includes Bubbles Liquor World, a 27,395-square-foot flagship store located off Interstate 25 and Meadow Parkway in Castle Rock, and Tiny Bubbles, a 4,000-square-foot satellite store on the east side of Castle Rock. The portfolio generates around $15 million in annual revenue. Levi Saxen and Jack Eberwein of Pinnacle Real Estate Advisors represented the undisclosed seller and undisclosed buyer in the off-market deal. The Pinnacle team secured SBA financing for both locations and structured long-term leases for the new operators, ensuring stability and continued success for all parties involved.

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AcquisitionsIndustrialMichiganMidwest

MAG Capital Partners Acquires 102,284 SF Manufacturing Facility in Grand Rapids

by Kristin Harlow

GRAND RAPIDS, MICH. — In a sale-leaseback transaction, MAG Capital Partners has acquired a 102,284-square-foot manufacturing facility in Grand Rapids for an undisclosed price. The seller was an end-of-line automotive testing equipment company that was founded in 1953. The 5.3-acre site houses the largest business within a broader private equity-backed automated industrial test and measurement platform. Phil DiGennaro, Adam English and Jonathan Wolfe of STREAM Capital Partners represented the seller.

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AcquisitionsIllinoisIndustrialMidwest

DarwinPW Realty/CORFAC International Arranges Sale of 48,005 SF Industrial Building in Metro Chicago

by Kristin Harlow

MUNDELEIN, ILL. — DarwinPW Realty/CORFAC International has arranged the sale of a 48,005-square-foot industrial building at 933 Tower Road in the northern Chicago suburb of Mundelein. The sales price was undisclosed. Principle Construction built the property in 2004 for the seller, a printing company that is discontinuing its business. The asset features a clear height of 24 feet, two drive-in bays, three exterior dock doors and 72 parking spaces. It houses primarily warehouse space that is suitable for manufacturing or distribution uses along with 4,800 square feet of office space. George Cibula and Dan Prendergast of DarwinPW represented the buyer, Portokali Investments LLC. Collin Tyrrell and Dan Brown of Brown Commercial Group represented the seller.

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AcquisitionsMidwestOhioRestaurantRetail

Marcus & Millichap Brokers $2.2M Sale of Chipotle-Occupied Restaurant Property in Toledo

by Kristin Harlow

TOLEDO, OHIO — Marcus & Millichap has brokered the $2.2 million sale of a 2,325-square-foot restaurant property net leased to Chipotle in Toledo. Built in 2025, the building at 3360 Glendale Ave. features a “Chipotlane” drive-thru. Scott Woodard and Derrick Dougherty of Marcus & Millichap procured the buyer, a private net-lease owner based in New York. The undisclosed seller developed the site, which is located adjacent to Southland shopping center and the University of Toledo Medical Center.

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AcquisitionsHospitalityNew JerseyNortheast

Hunter Hotel Advisors Negotiates Sale of 133-Room Hampton Inn & Suites in Bridgewater, New Jersey

by Taylor Williams

BRIDGEWATER, N.J. — Atlanta-based brokerage firm Hunter Hotel Advisors has negotiated the sale of the 133-room Hampton Inn & Suites Bridgewater, located in Central New Jersey’s Raritan Valley. The hotel was built in 2017 and offers amenities such as a fitness center, indoor pool and a lobby bar. An entity doing business as FSG Bridgewater Hotel LLC sold the property to New Jersey-based owner-operator Innzen Hospitality for an undisclosed price. Spencer Davidson of Hunter Hotel Advisors brokered the deal.

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AcquisitionsIndustrialNew JerseyNortheast

NAI DiLeo-Bram Brokers $6M Sale of Northern New Jersey Industrial Building

by Taylor Williams

UNION, N.J. — NAI DiLeo-Bram has brokered the $6 million sale of a 24,000-square-foot industrial building in the Northern New Jersey community of Union. According to LoopNet Inc., the single-tenant building at 860 Springfield Road was constructed in 1961 and features a clear height of 16 feet and four dock-high loading doors. Richard Goski and Catherine Goski-Vasquez of NAI DiLeo-Bram brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsIndustrialTexas

Triten Real Estate Sells 117-Acre Industrial Outdoor Storage Portfolio in Houston

by Taylor Williams

HOUSTON — Locally based investment firm Triten Real Estate Partners has sold a portfolio of 11 industrial outdoor storage (IOS) facilities totaling 117 acres in Houston. The facilities are located just east of the downtown area and were fully leased at the time of sale to tenants in industries such as transportation, distribution, freight and materials supply. CBRE marketed the portfolio for sale. The buyer and sales price were not disclosed.

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AcquisitionsCaliforniaOfficeWestern

CBRE Brokers $11.5M Sale of Office Building in Newport Beach, California

by Amy Works

NEWPORT BEACH, CALIF. — CBRE has negotiated the sale of an office property located at 1303 Avocado Ave. in Newport Beach. A local family office acquired the asset from a local private partnership for $11.5 million. Built in 1973, the two-story, 15,200-square-foot property was 96 percent occupied at the time of sale. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the seller in the deal.

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AcquisitionsMultifamilyTexas

TMG Negotiates Sale of 84-Unit Highland Square Apartments in Arlington

by Taylor Williams

ARLINGTON, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Bella Vida, an 84-unit apartment complex in Arlington. Built in 1984, the property offers one- and two-bedroom units as well as a pool and onsite laundry facilities. Private balconies are also available in select residences. The buyer and seller were not disclosed.

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AcquisitionsRetailTexas

CenterSquare Acquires 40,000 SF Retail Center in West Houston

by Taylor Williams

HOUSTON — Metro Philadelphia-based CenterSquare Investment Management has acquired Shops at Aliana Trace, a 40,000-square-foot retail center in West Houston. The center, which is adjacent to a Costco, was fully leased at the time of sale to tenants such as Big Blue Swim, Salon by JC and Wayback Burgers. CBRE brokered the deal. The seller and sales price were not disclosed.

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