Acquisitions

TAMPA, FLA. — SRS Real Estate Partners has negotiated the sales of three new retail properties in Central Florida leased to 7-Eleven totaling $28.8 million. Built in late 2025, the three properties are located in Winter Haven, Daytona Beach and Ocoee and comprise modern convenience stores and fueling stations. 7-Eleven occupies all three properties on 15-year, triple-net leases. Patrick Nutt and William Wamble of SRS represented the sellers, Florida-based developers, in the transactions. The Winter Haven and Ocoee properties were sold as a portfolio to a Florida-based family office for a combined $19.2 million. A locally based, private investor purchased the Daytona Beach location, which is situated across from Latitude Landings and Latitude Margaritaville, in a 1031 exchange for approximately $9.5 million.

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HUNTINGTON BEACH, CALIF. — Barings has completed the disposition of Seacliff Village, a core grocery-anchored shopping center in Huntington Beach, to Asana Partners for $151 million. JLL secured an $83.8 million acquisition loan for the buyer. Situated on 26.7 acres at Yorktown Avenue and Main Street, Seacliff Village features 253,234 square feet of retail space that was 95.8 percent occupied at the time of sale. The property is anchored by a 69,925-square-foot Albertsons store. Additional tenants include LA Fitness, Staples, Panera Bread, Starbucks Coffee and four banks. The property is wholly owned, including all 11 outparcel and shop buildings. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL brokered the transaction. Anthony Fertitta Jr. and John Marshall of JLL arranged the acquisition financing for the buyer.

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SAN JUAN CAPISTRANO, CALIF. — CBRE has brokered the sale of Marbella Commerce Center, a two-building office campus at 30900-30950 Rancho Viejo Road in San Juan Capistrano. A local private 1031 investor acquired the property for $9.8 million. Anthony DeLorenzo, Matt Didier, Sammy Cemo, Bryan Johnson and Jessie Tichelaar of CBRE represented the private seller in the transaction. Situated on a 2.4-acre lot, the two buildings offer 50,813 square feet of office space. Built in 2001, the asset was 96 percent leased to 17 tenants at the time of sale.

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SCHAUMBURG, ILL. — A joint venture between PCCP and Hutensky Capital Partners has acquired Streets of Woodfield, a 690,000-square-foot shopping center at 601 N. Martingale Road in Schaumburg. Blackstone sold the property for $69 million, according to the Daily Herald. Originally built in 1991, the property is currently 94 percent leased to 22 tenants, including Whole Foods Market, Dick’s Sporting Goods House of Sport, AMC, Restoration Hardware Outlet, Legoland and Dave & Buster’s. The property is located along I-290 adjacent to Woodfield Mall.

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HOUSTON — Marcus & Millichap has brokered the sale of a 120-room hotel in West Houston. The hotel was built in 1995 and is operated under the Red Roof Plus+ brand. Amenities include a breakfast area, fitness center and onsite laundry facilities. Skyler Cooper of Marcus & Millichap represented the seller in the transaction and procured the buyer. Both parties were limited liability companies. Chris Gomes, Allan Miller and Rajan Patel of Marcus & Millichap provided support for the deal.

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EL PASO, TEXAS — Stage Equity Partners, an investment firm based in the Chicago area, has purchased a portfolio of two medical office buildings totaling 40,075 square feet in El Paso. The buildings were fully leased at the time of sale to practices in fields such as neurology, gastroenterology, general surgery, pediatrics, behavioral health, laboratory testing and oral surgery. Jay Miele of Newmark represented the undisclosed seller in the transaction. Wintrust Bank provided acquisition financing for the deal.

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STERLING, VA. — KLNB has negotiated the $28.5 million sale of an 83,330-square-foot warehouse located at 45190 Ocean Court in Sterling, about 29 miles west of Washington, D.C. Ryan Goeller, Chase Stewart, Jeff Tarae and Tyler Cumberland of KLNB represented the buyer, JK Land Holdings, in the off-market transaction. The seller was an entity doing business as Sterling Davis Properties LLC. The current tenant, Belfort Furniture, plans to vacate the property in June. JK Land has tapped KLNB to market and lease the property going forward.

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KING, N.C. — Miami-based Cleeman Realty Group has brokered the sale of Mountain View Plaza, a 44,000-square-foot shopping center in King, about 16 miles northwest of Winston-Salem, N.C. Food Lion has anchored the 9.9-acre property since 2005. Other tenants include a Mexican restaurant, hibachi restaurant, barbershop, nail salon and a pet groomer. The seller, an unnamed family ownership group, sold the property to a group of private investors completing a 1031 exchange. Jeremy Scheer and Sara Shulman of Cleeman Realty represented both the buyer and the seller in the transaction. The sales price was not disclosed.

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JOHNSTOWN, COLO. — Uplift Development Group has purchased an 18-property self-storage portfolio in Colorado. The transaction includes 500,000 square feet and more than 3,000 units spanning five cities and two counties. The portfolio is positioned within the high-growth corridors of Clear Creek and Grand County, with assets located along I-70 and Highway 40. Uplift plans to expand the portfolio by adding more than 70,000 square feet of new development, including climate-controlled units, fully enclosed boat and RV storage and specialized ski lockers. The company worked with Storage Rentals of America (SROA), Argenic, GYS General Contracting, JLL and Castor Capital to complete the transaction, which represents the largest of its kind in Colorado’s history, according to Uplift.

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CHICAGO — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided a $58.5 million first mortgage loan for the acquisition and lease-up of 175 West Jackson Boulevard, a 22-story office building totaling more than 1.4 million square feet in Chicago’s Central Loop. The property also includes a 240-space parking garage. The loan was structured with $33.5 million initial advance at closing, with an additional $25 million reserved as a “good news” facility to fund future accretive leasing costs. A joint venture between 601W Cos. and David Werner Real Estate Investments was the buyer. The financing facilitated the acquisition at a significantly reset basis, reflecting an approximately 85 percent discount to the property’s prior purchase price by Brookfield, according to Northwind. The building has undergone extensive renovations and modernization, with over $24 million of capital improvements completed by prior ownership, including a new amenity center and rooftop space on the 22nd floor.

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