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Acquisitions

3302-W-Washington-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

IDI Logistics Enters Phoenix Market, Buys 101,794 SF Industrial Property for $20M

by Amy Works

PHOENIX — IDI Logistics has acquired an industrial property, located at 3302 W. Washington St. in Phoenix, from Atlas Capital Partners for $20 million. Situated on 5.2 acres, the 101,794-square-foot vacant building features a clear height of 32 feet, 12 dock-high doors, four drive-in doors and a fully secured 140-foot truck court. Tanner Ferrandi, John Wrestler and Cooper Pratt of CBRE represented the buyer and seller in the deal. The CBRE team will also serve as listing agents for the property.

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AcquisitionsCaliforniaIndustrialWestern

Voit Real Estate Brokers $10M Sale of Multi-Tenant Business Park in Irwindale, California

by Amy Works

IRWINDALE, CALIF. — Voit Real Estate Services has arranged the sale of a multi-tenant industrial and distribution park in Irwindale. DJ CRT LLC sold the asset to Dunbar Real Estate Investment Management for $10 million. Located at 1400-1430 Arrow Highway, the property offers 51,487 square feet of space spread across three grade-level freestanding buildings with a total of 16 units. At the time of sale, the asset was 56 percent occupied. Michael Hefner of Voit represented the seller and buyer in the deal.

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AcquisitionsLoansMichiganMidwestMultifamilyStudent Housing

ACRES Capital Provides $30.5M Acquisition Loan for Multifamily Community in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — ACRES Capital has provided a $30.5 million first mortgage to finance the acquisition of Gateway Lofts, a student-oriented multifamily community in Lansing. Built in 2021, the property features 181 units across a five-story building. In addition to 9,334 square feet of ground-floor retail space, the community features a fitness center, clubhouse, game room, coffee bar, bike storage, conference room and 204 surface parking spaces. The property is located 0.7 miles from Michigan State University. Vesper was the borrower.

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AcquisitionsIndustrialKansasMidwestSelf-Storage

Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio in Topeka, Kansas

by Kristin Harlow

TOPEKA, KAN. — Marcus & Millichap has brokered the sale of a two-property self-storage portfolio with 580 units in Topeka. Located at 3200 S. Kansas Ave. and 235 SW Gage Blvd., the facilities total 67,721 rentable square feet. The properties are 84 percent occupied and include climate-controlled and non-climate-controlled units, outdoor parking and portable units. Sean Delaney and Colby Haugness of Marcus & Millichap represented the Utah-based seller and procured the buyer, a Pennsylvania-based owner that engaged KO Storage to manage the portfolio moving forward.

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AcquisitionsIllinoisMidwestRetail

Mid-America Arranges Sale of 20,427 SF Pebblewood Commons Retail Center in Metro Chicago  

by Kristin Harlow

NAPERVILLE, ILL. — Mid-America Real Estate Corp. has arranged the sale of Pebblewood Commons, a 20,427-square-foot retail center in the Chicago suburb of Naperville. Constructed in 2008, the property is home to dining, health and wellness, and personal services tenants. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Northern Builders Inc. The asset sold to a public REIT.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Acquires 11,920 SF Industrial Building in Villa Park, Illinois

by Kristin Harlow

VILLA PARK, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired an 11,920-square-foot industrial building at 865 N. Ellsworth Ave. in Villa Park. The single-tenant property was fully leased at the time of sale. Built in 1980, the facility features one dock, one drive-in door and roughly a quarter acre of outdoor storage. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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AcquisitionsIndustrialSelf-StorageTexas

Matthews Arranges Sale of 182-Unit Self-Storage Facility in Rosenberg, Texas

by Taylor Williams

ROSENBERG, TEXAS — Nashville-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of Big Lenny’s Storage, a 182-unit self-storage facility in Rosenberg, a southwestern suburb of Houston. The facility was built in 1979 and spans 33,400 net rentable square feet of primarily non-climate-controlled space. Austin McLeod of Matthews represented the seller in the transaction. Texas-based owner-operator Curio Storage purchased the facility for an undisclosed price.

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AcquisitionsRetailTexas

Westwood Financial Acquires 80,599 SF Shopping Center in Rockwall, Texas

by Taylor Williams

ROCKWALL, TEXAS — Los Angeles-based investment firm Westwood Financial has acquired Shops at Stone Creek, an 80,599-square-foot retail center located in the northeastern Dallas suburb of Rockwall. A 59,313-square-foot Tom Thumb grocery store anchors the center, which was fully leased at the time of sale. Other tenants include Care Now, Great Clips, Subway, Salad and Go, McDonald’s, HTeaO and The UPS Store. The seller and sales price were not disclosed.

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AcquisitionsIndustrialNorth CarolinaSoutheast

JLL Income Property Trust Acquires Metro Raleigh Distribution Center for $190M

by John Nelson

APEX, N.C. — JLL Income Property Trust has acquired West Raleigh Distribution Center, a five-building, 985,000-square-foot industrial park located in the Raleigh suburb of Apex. The seller was not disclosed. Situated near I-540, West Raleigh Distribution Center was 87 percent leased at the time of sale to a mix of eight tenants, the largest of whom is a major distributor to the biotech and healthcare sectors. The buildings were constructed in 2024 and 2025.

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AcquisitionsAlabamaMultifamilySoutheast

Oakley Group Buys Flats at East Bay Apartments in Fairhope, Alabama for $49.8M

by John Nelson

FAIRHOPE, ALA. — Birmingham, Ala.-based Oakley Group has acquired Flats at East Bay in Fairhope for $49.8 million. Stoa Group was the seller. Craig Hey of Cushman & Wakefield arranged the sale. Oakley has appointed Arlington Properties to manage the 240-unit community, which is located at 9376 Twin Beech Road on the eastern shoreline of Mobile Bay, about 26 miles south of Mobile. Flats at East Bay was completed in 2024 and features 10 three-story buildings with one-, two- and three-bedroom units and amenities such as a resort-style pool with cabanas, a fitness center, dog park, walking trails, grills, coworking space with conference rooms, fire pit and electric vehicle charging stations.

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