O’FALLON, ILL. — LCG Capital Management LLC has acquired Colony Square and Williamsburg Center, a seven-building, 81,700-square-foot office campus in O’Fallon near Scott Air Force Base. The transaction marks LCG’s entry into a category it intends to grow — mission-critical office space serving the defense contractors and government services firms that support Scott, headquarters of U.S. Transportation Command and Air Mobility Command. LCG executed the transaction through JRN Investments LLC. The campus carries below-market rents and existing vacancy that the firm expects to lease up. LCG is a St. Louis-based commercial real estate firm founded in 2024 and backed by Alberici Corp.
Acquisitions
BRIDGE CITY, TEXAS — Marcus & Millichap has brokered the sale of the 110-site Town & Country RV Park in Bridge City, which is part of the Beaumont-Port Arthur metroplex in East Texas. The property spans 26 acres. Brad Dorsey and Skyler Henderson of Marcus & Millichap represented the seller and procured the buyer, both of which were Texas-based investors that requested anonymity, in the transaction.
OAK BROOK, ILL. — Lee & Associates of Illinois has brokered the sale of a 70,497-square-foot office property located at 915 Harger Road in Oak Brook. Tony Russo of Lee & Associates represented the seller, KMMRD Enterprises. The asset was 48 percent leased at the time of sale, with law firm Godoy occupying the largest space. The buyer, Urban Commercial Property Group, plans to invest significant capital into building renovations and deferred maintenance improvements.
LEE’S SUMMIT, MO. — Bakery café Paris Baguette will open at 909 NE Rice Road in Lee’s Summit. The Jackson County location marks the tenant’s fourth in the Kansas City area, following the upcoming downtown location in Kansas City’s Power & Light District. The Lee’s Summit bakery is expected to open in spring 2027 following an extensive remodel. Bill Maas of Block & Co. Inc. Realtors represented the seller of the property, Equity Bank. Paris Baguette is known for integrating Asian-inspired flavors with traditional French baking methods.
SCHERTZ, TEXAS — Partners Real Estate has arranged the sale of a 25.4-acre industrial development site in Schertz, located northeast of San Antonio. The site is situated on Friesenhahn Lane between I-35 and FM 482. Stan Nowak and Andrew Alizzi of Partners represented the buyer, HPI Real Estate Development, in the transaction. The seller and future plans for the site were not disclosed.
MOUNT PLEASANT, S.C. — Baltimore-based Continental Realty Corp. (CRC) has sold two adjacent shopping centers located at 1903 and 1909 Highway 17 N in Mount Pleasant. The properties, which include Sweetgrass Corner (88,316 square feet) and The Shops at Towne Centre Way (7,054 square feet), span a combined 95,370 square feet and were fully leased at the time of sale to tenants including Trader Joes, HomeSense and Golf Galaxy. The buyer and sales price were not disclosed. CRC acquired Sweetgrass Corners in 2022 for $17 million and The Shops at Towne Centre Way for $3.9 million as part of an initiative to upgrade the retail environment surrounding Mount Pleasant Towne Centre, the company’s adjacent 510,000-square-foot lifestyle center.
MENIFEE, CALIF. — Temecula, Calif.-based foodservice distributor Southwest Traders (SWT) has acquired the 229,934-square-foot Building 3 within Gateway at Menifee, an industrial facility located at 33520 Zeiders Road in Menifee. The seller was an entity doing business as Scott Road Property LLC, and the sales price was $40.5 million. The facility is situated within the five-building industrial complex formerly known as Scott Road Commerce Center. The buyer plans to invest approximately $25 million to retrofit a portion of the building into a state-of-the-art refrigerated distribution center. Rick Nunez, Mateo Mobilia and Michael Romero of Colliers represented the buyer in the transaction.
ROCKAWAY, N.J. — JLL has negotiated the sale of a portfolio of two industrial buildings totaling 72,908 square feet in the Northern New Jersey community of Rockaway. The shallow-bay buildings at 200 and 300 Roundhill Drive, which were fully leased at the time of sale, were constructed on a combined between 1987 and 1990 and feature clear heights of 20 feet. Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, North Jersey Development Group, in the transaction and procured the buyer, Faropoint.
LYNNWOOD, WASH. — JLL Capital Markets has brokered the sale of Fairwinds Brighton Court, a 182-unit senior living community located in Lynnwood, roughly 16 miles north of Seattle. Residences at the community, which was built in 1988, include independent living and assisted living units in studio, one- and two-bedroom layouts. Amenities at the 4.4-acre property include a full-service restaurant, bistro, fitness center, salon, library, billiards room and courtyard. Leisure Care will continue to manage the community on behalf of the buyer, a publicly traded REIT. Jay Wagner, Rick Swartz, Aaron Rosenweig, Dan Baker and Dean Ferris of JLL represented the undisclosed seller in the transaction.
MAG Capital Partners Acquires 57,000 SF Industrial Beverage Portfolio in Eugene, Oregon
by Amy Works
EUGENE, ORE. — MAG Capital Partners has completed a long-term sale-leaseback with Great Frontier Holdings to acquire a 57,000-square-foot industrial beverage manufacturing portfolio that is home to Great Frontier’s centralized craft beer, hard seltzer and cider production in Eugene. The portfolio comprises 220 Blair Boulevard, a one-acre facility that services all of the tenant’s beverage lines and includes a brewery, warehouse and material storage space, and 272 Van Buren Street, a half-acre site across the street utilized for brewery production equipment and an indoor tasting room with garden area. Mark Hefner and Zack Danner of Marcus & Millichap’s Sacramento office advised the transaction. Vishal Vinjani and Benjamin Markiles of Los Angeles-based Resolute Structured Capital placed the debt through Deutsche Bank.