Acquisitions

GAHANNA, OHIO — Colliers has brokered the sale of Eastgate Logistics Center, a 292,594-square-foot industrial property in Gahanna within the East submarket of Columbus. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Joel Yakovac, Shane Woloshan and Michael Linder of Colliers represented the seller, a venture between Scannell Properties and Manulife Investment Management, a company of Manulife Wealth & Asset Management. Eastgate Logistics Center is fully leased to Wesco and Nuvik USA. The property features a clear height of 32 feet, 30 dock doors and direct access to I-70 and I-71. Dogwood Industrial Properties, a TPG Real Estate platform, was the buyer.

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DULUTH, MINN. — Northmarq has arranged the $25.5 million sale of Vintage Acres, a 300-site manufactured housing community with two apartments and 14 mini-storage units in Duluth. Anthony Pino, Ari Azarbarzin, Jamie Grant and Wallace Halpert of Northmarq represented the seller, GHI Investments. Dan Trebil and Logan McCarthy of Northmarq arranged Freddie Mac acquisition financing on behalf of the buyer, Legacy Communities MHP. The $14.5 million loan features a five-year term and a fixed interest rate. Built in 1985, Vintage Acres spans 93 acres and is more than 97 percent occupied.

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OVERLAND PARK, KAN. — Quilters HQ, a family-owned and operated quilt shop, has relocated from Olathe to 9012 Metcalf Ave. in Overland Park. Daniel Brocato of Block & Co. Inc. Realtors represented Quilters HQ in the sale of its original location at 16175 W. 13 5th St. in Olathe as well as the lease for its new 10,000-square-foot building in the Block & Co.-managed Glenwood Plaza Shopping Center in Overland Park. The store is now open. Starfish Project Foundation, a local aid organization, will soon occupy Quilters HQ’s previous location in Olathe. To facilitate the successful completion of the transaction, Brocato and Starfish Project representative Karla Johnson of Keller Williams both donated a portion of their commissions. Due to tight timeline restrictions, Starfish Project will reside in a temporary location within Block & Co.-managed Blackbob Corners Shopping Center in Olathe provided by Brocato and David Block. The nonprofit is expected to move into its permanent location within the next few months.

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IRVINE, CALIF. — Northwestern Mutual has sold Barranca Business Park, a 281,999-square-foot industrial property in Irvine. Borstein Enterprises acquired the asset for an undisclosed price. Situated on 16.2 acres at 15281-15399 Barranca Parkway, the mid-bay industrial park features 13 buildings with units ranging in size from 8,523 to 30,495 square feet. At the time of sale, the asset was 87 percent occupied. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of Cushman & Wakefield represented the seller and buyer in the transaction.

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TUCSON, ARIZ. — An entity doing business as Brandon Investments LLC has acquired a 51,786-square-foot industrial building at 6701 S. Midvale Park Road in Tucson, from an entity doing business as 6701 S. Midvale Park LCC for $5.5 million. Stephen Cohen of Cushman & Wakefield | PICOR represented the buyer in the transaction, while Jesse Blum of CBRE represented the seller.

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VICTORVILLE, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $4.6 million sale of a two-tenant retail property in Victorville. A Los Angeles-based private investor sold the asset to an undisclosed buyer. Located at 13720 Bear Valley Road, the 19,300-square-foot building was formerly occupied by Rite Aid and renovated in 2024. The property is currently leased to AutoZone and Dollar Tree on new 10-year triple-net leases. Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller in the transaction.

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DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Sylvan Thirty, a 201-unit apartment complex located just west of downtown Dallas. Built in 2015, Sylvan Thirty offers one-, two- and three-bedroom units and amenities such as a pool, rooftop terrace, game room, business center, fitness center and outdoor grilling and dining stations. Joey Tumminello, Taylor Hill, Michael Ware, Drew Kile and Shelby Vosburg of IPA represented the undisclosed seller in the transaction and procured the buyer, California-based Archway Equities. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Jake Vitta, also with IPA, arranged an undisclosed amount of acquisition financing for the deal through BrightSpire Capital.

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AUGUSTA, GA. — Cushman & Wakefield has brokered the $87 million sale of Mason Augusta, a 462-unit apartment community located at 101 Pine Forest Road in Augusta. Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels and Laura Aylor of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group represented the seller, Waypoint Residential, in the transaction. The buyer was Southwood Realty Co. Mason Augusta was developed in two phases in 2022 and 2024 and was 95 percent occupied at the time of sale. The property includes a mix of one-, two- and three-bedroom apartments ranging in size from 685 to 1,321 square feet, as well as a fitness center with yoga and spin studio, resort-style pools with sundecks and tanning ledges, clubhouse with e-lounge and coffee bar, game room, business center and a dining and lounge terrace with outdoor fireplace. Other amenities at Mason Augusta include an automated parcel system, dog park and indoor pet spa, garages and outdoor gathering spaces with grilling kitchens and fire pits.

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DANVERS, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the sale of an 80,000-square-foot retail building in Danvers, located about 20 miles northeast of Boston. The building sits on a 3.9-acre site along State Route 128 and was fully leased at the time of sale to Dick’s Sporting Goods. Eric Suffoletto, Joey Tagliente and Danny Griffin of ACP represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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NEW YORK CITY — Marcus & Millichap has brokered the $3.8 million sale of a 21-unit apartment building in the Crown Heights neighborhood Brooklyn. Constructed in 1900, the five-story building at 665 St. Marks Ave. offers one- and two-bedroom units, 13 of which are subject to rent restrictions. Matt Fotis of Marcus & Millichap represented the seller, a private investor, in the transaction and procured the buyer, an international partnership. Both parties requested anonymity.

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