Acquisitions

JLL Brokers $12.1M Sale of Shopping Center in Fort Collins, Colorado

by Amy Works June 10, 2026

FORT COLLINS, COLO. — JLL Capital Markets has brokered the $12.1 million sale of Drake Crossing, a 56,214-square-foot retail center located at 2100 W. Drake Road Fort Collins. The three-building shopping center was 96 percent leased at the time of sale to a mix of local and national tenants, including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Alpine Investment Group sold the asset to Big Ben Funds and CAMCRE in an off-market transaction. Jason Schmidt and Austin Snedden of JLL Capital Markets Investment Sales and Advisory team represented the seller in the transaction.

June 10, 2026

Acquisitions Illinois Midwest Multifamily Student Housing

Scion to Acquire Operating Business of Student Quarters

by Kristin Harlow June 10, 2026

CHICAGO AND ATLANTA — The Scion Group, a Chicago-based owner-operator of student housing communities, has entered into a definitive agreement to acquire the operating business of Student Quarters (SQ), an Atlanta-based operator with interests in approximately $1.5 billion of student housing assets. SQ’s senior leadership will retain asset ownership positions. The SQ portfolio comprises approximately 13,000 beds across 21 markets, with 77 percent market overlap with Scion’s existing footprint. In addition to acquiring the SQ operating business, Scion will also invest both in underlying real estate and related fund structures. The transaction is being funded entirely with Scion’s balance sheet and is expected to close in the third quarter, subject to customary closing conditions. Prior to this transaction, Scion’s portfolio consisted of more than 105,000 beds across 161 communities in 89 U.S. markets.

June 10, 2026

Acquisitions Illinois Industrial Loans Midwest

Marcus & Millichap Brokers $15M Sale of Industrial Property Near St. Louis

by Kristin Harlow June 10, 2026

ALTON, ILL. — Marcus & Millichap has brokered the $15 million sale of Alton Center Business Park, a 450,000-square-foot industrial property located in the St. Louis suburb of Alton. Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged $12.4 million in acquisition financing on behalf of the buyer, Rockford Asset Management. Alton Center Business Park sits on 133.8 acres and features 22 dock-high doors, five grade-level doors, clear heights between 23 and 25 feet and outdoor storage capacity. Imperial Manufacturing Group anchors the property, which was 70 percent leased at the time of sale. Tyler Sharp and Adam Abushagur of Marcus & Millichap represented the seller, a private family partnership, in the transaction and procured the buyer. Frank Montalto and Ethan Splan of IPA arranged the three-year loan, which carries multiple extension options and a 75 percent loan-to-cost ratio, through a direct bridge lender.

June 10, 2026

Acquisitions Office Texas

Partnership Acquires 549,170 SF Pinnacle Tower Office Building in North Dallas

by Taylor Williams June 9, 2026

DALLAS — A partnership between Estein USA and Vanderbilt Office Properties has acquired Pinnacle Tower, a 549,170-square-foot office building in North Dallas. The seller was New York Life. The 24-story building, which was 88 percent leased at the time of sale, offers amenities such as a café, tenant lounge, conference center, coffee bar, outdoor amenity area and a fitness center. The new ownership has tapped JLL as the building’s leasing agent.

June 9, 2026

Acquisitions Industrial Texas

Bradford Arranges Sale of 41,780 SF Industrial Flex Building in Haltom City, Texas

by Taylor Williams June 9, 2026

HALTOM CITY, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of a 41,780-square-foot industrial flex building in Haltom City, located north of Fort Worth. The facility at 2525 Minnis Drive formerly housed the manufacturing operations of Sunair Products. The seller was First Sunday Property Management Group, and the buyer was steel and aluminum products manufacturer Flannery Inc. Luke Clardy of Bradford brokered the deal.

June 9, 2026

Acquisitions Industrial New Jersey Northeast Property Type

JLL Brokers $24.5M Sale of Industrial Service Facility in Edison, New Jersey

by Taylor Williams June 9, 2026

EDISON, N.J. — JLL has brokered the $24.5 million sale of a 5.5-acre industrial service facility in the Central New Jersey community of Edison. The facility at 76 National Road features a 25,000-square-foot warehouse with a clear height of 16 feet, four dock doors and two drive-in doors. Jason Lundy, Nicholas Stefans and Luke Ceccoli of JLL represented the seller, K Group, in the transaction. Michael Klein, Max Custer, Kevin Badger and Matthew McManus, also with JLL, arranged an undisclosed amount of acquisition financing through an unnamed regional bank on behalf of the buyer, regional owner-operator Ridgecut Road.

June 9, 2026

Acquisitions Florida Industrial Southeast

Dalfen Industrial Acquires 419,253 SF Portfolio in South Florida

by John Nelson June 9, 2026

FORT LAUDERDALE, FLA. — Dalfen Industrial has acquired a nine-building industrial portfolio in South Florida’s Broward County totaling 419,253 square feet. The Dallas-based investment and development firm purchased the properties at 55 percent replacement cost. The portfolio was 83 percent leased at the time of sale to tenants including FedEx, Event Service Group Realestate LLC, Chromalloy Material Solutions LLC and Commercial Distribution Specialists Inc. The properties offer direct access to I- 95 and the Florida Turnpike, as well as proximity to Port Everglades and Fort Lauderdale-Hollywood International Airport. The seller and sales price were not disclosed.

June 9, 2026

Acquisitions Loans Multifamily North Carolina Southeast

Mesa West Provides $29.7M Acquisition Loan for Apartment Community in Cary, North Carolina

by John Nelson June 9, 2026

CARY, N.C. — Mesa West Capital has provided a $29.7 million acquisition loan for The Ellery of Cary, a 194-unit apartment community located at 100 Hempstead Court in Cary, a suburb of Raleigh. Trevor Brotman, Tricia Linden and Kara Profitt of Walker & Dunlop’s Irvine, Calif., office arranged the five-year, non-recourse loan on behalf of the borrower, McDowell Properties. The seller and sales price were not disclosed. Built in 1988 on nearly 19 acres, The Ellery of Cary offers a mix of one- and two-bedroom floorplans averaging 875 square feet in size. Amenities include a swimming pool with a sundeck, 24-hour fitness center, dog park, outdoor courtyard with fire pits and grills and walking trails with direct access to the Black Creek Greenway.

June 9, 2026

Acquisitions Arizona Development Mixed-Use Office Restaurant Retail Western

Diversified Partners Acquires Site for 100,000 SF Mixed-Use Project in Scottsdale, Arizona

by Amy Works June 9, 2026

SCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment. The project will revitalize a landmark waterfront site in Scottsdale, transforming a long-established location into a destination for dining, retail and gathering spaces. The 100,000-square-foot property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury wellness and lifestyle tenants and Class A office space with waterfront views, as well as a small marina with Duffy boat rentals. Construction is slated to start in third-quarter 2026 with the first phase focused on demolition and development of the restaurant and retail components. The second phase scheduled to begin in early 2027 and focus on the redevelopment of the remaining retail and office portions.

June 9, 2026

Acquisitions California Retail Western

JLL Brokers $31.5M Sale of Grocery-Anchored Neighborhood Center in El Cajon, California

by Amy Works June 9, 2026

EL CAJON, CALIF. — JLL Capital Markets has brokered the $31.5 million sale of The Shops at Parkway Plaza, a grocery-anchored retail center in El Cajon. A private seller sold the asset to a Texas-based family office. Located at 149 Fletcher Parkway, The Shops at Parkway Plaza features 122,484 square feet of retail space. Current tenants include Best Buy, HomeGoods, Aldi, Texas Roadhouse and Applebee’s Grill + Bar. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the seller in the deal.

June 9, 2026

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