NORTH BEND, WASH. — Northmarq has arranged the sale of J.O. Borgen Plaza, a multi-tenant retail center in North Bend, approximately 30 miles southeast of Seattle. The asset traded for $8.2 million. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq’s Pacific Northwest retail investment sales team represented the undisclosed seller and undisclosed buyer in the deal. Located at 248-250 Bendigo Blvd. South and 249 Main Ave. South, the 28,418-square-foot center is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. Additionally, the center features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a commercial national retailer to backfill the Bartell Drugs’ property, with an opening slated for 2027.
Acquisitions
CHICAGO — Greenstone Partners has brokered the $4.4 million sale of 1276 W. Washington Blvd., a development site in Chicago’s West Loop neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone represented the buyer and seller. The property consists of a 14,850-square-foot parcel of land owned by a longtime Greenstone client. The buyer plans to build a condominium development on the site.
MELISSA, TEXAS — Marcus & Millichap has brokered the sale of UpLift Self Storage, a 454-unit facility located in the North Texas city of Melissa. The eight-building facility was built in 2021 and offers a mix of climate-controlled and drive-up storage units. Charles LeClaire and Dave Knobler of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
CARROLLTON, TEXAS — Locally based brokerage firm Summit RE has negotiated the sale of a 209,476-square-foot office building in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 4101 International Parkway was constructed on 14.8 acres in 1998. Parker Tims and Luke Ledbetter of Summit brokered the deal. The buyer and seller were both Texas-based entities that requested anonymity.
ARLINGTON, TEXAS — Miami-based investment firm Easton Group has purchased two industrial buildings totaling 72,800 square feet in Arlington. The buildings, which were both completed in the 1980s, total 47,800 and 25,000 square feet and are leased to commercial printing company Digital Room. Stephen Bailey of Newmark represented the seller, a joint venture between Prattco Creekway and Investcorp, in the transaction.
WOBURN, MASS. — Kadima Industrial Partners has purchased a 62,500-square-foot building in Woburn, a northern suburb of Boston. The shallow-bay building at 215 Salem St. features 16 loading docks, a clear height of 17 feet and 90-foot truck court depths. Tommy Hovey, David Coffman and Michael Restivo of JLL represented the undisclosed seller in the transaction. Ryan Parker, also with JLL, arranged acquisition financing for the deal through Webster 5 Cent Savings Bank. The building was leased to eight tenants at the time of sale.
ARLINGTON, VA. — Piedmont Realty Trust Inc. has purchased a 188,014-square-foot office building located at 4075 Wilson Blvd. in Arlington’s Ballston submarket. A partnership between Rithm Capital Corp., GreenBarn Investment Group and FarmViewVentures sold the property for $56.3 million. Jud Ryan, James Cassidy and Grant Marley of Newmark represented the sellers in the transaction. Rithm, GreenBarn and FarmView purchased the office property in September 2024 and invested approximately $6 million in capital improvements, which helped generate more than 90,000 square feet of new leasing activity. Office tenants at 4075 Wilson include Nalej Corp., KnowBe4, Systems Planning & Analysis and OpenText Public Sector. The ground-level retail space is fully leased to Sweetgreen, Grazie Nonna, Van Leeuwen Ice Cream and Pinnacle Bank.
TRINITY, FLA. — Colliers has negotiated the sale of Trinity Village Center, a 76,834-square-foot shopping center located in Trinity, roughly 30 miles north of Tampa. According to the Tampa Bay Business Journal, Crow Holdings purchased the center for $23 million. Tommy Isola and Whitaker Leonhardt of Colliers represented the buyer, Colterra Capital Corp., in the transaction. Trinity Village Center was 93 percent leased at the time of sale to tenants including Bonefish, Synovus Bank and Tampa General.
Stockdale Capital Partners, Hamilton Lane Acquire Shoppes at Chino Hills in California for $157M
by Amy Works
CHINO HILLS, CALIF. — Stockdale Capital Partners, together with funds managed by Hamilton Lane, has purchased The Shoppes at Chino Hills, an open-air lifestyle center in Chino Hills, for $157 million. The buyer plans to rename the property The Shops at Chino Hills. Stockdale led the acquisition, with Hamilton Lane as a co-investor. Originally developed in 2008, The Shops at Chino Hills features 378,140 square feet of retail, restaurants and experiential space situated on more than 25 acres at 13920 City Center Drive. Trader Joe’s and Barnes & Noble anchor the center, which serves a customer base of more than 300,000 residents within a five-mile radius. Stockdale plans to invest in the community and property with a rebranding, remerchandising and repositioning strategy to be shared at a later time. Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup of CBRE marketed the asset.
Bender Equities Sells Two Multifamily Communities in Oregon to Verdant Development for $83M
by Amy Works
CORVALLIS AND TALENT, ORE. — Bender Equities has completed the disposition of two apartment assets in Corvallis and Talent to Verdant Development for $83 million. Totaling 438 units, the communities are Oak Vale in Corvallis and Anjou Club in Talent. Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon and Nick Ruggiero of Institutional Property Advisors (IPA), a division of Marcus & Millichap, in association with David Tabata as Marcus & Millichap’s broker of record in Oregon, represented the seller and procured the buyer in the deal. Built in 1973 and 1995, Oak Vale offers 257 one-, two- and three-bedroom apartments, averaging 767 square feet, spread across 31 buildings. Community amenities include a lounge, game room, fitness center, movie theater and an outdoor sport court. Oak Vale is situated on 16 acres a short drive from Oregon State University. Built on 1990 on nearly 14 acres near Southern Oregon University, Anjou Club features 181 one-, two- and three-bedroom floor plans across three layout types — flats, townhomes and garden flats, averaging 950 square feet. Onsite amenities include a large clubhouse, heated outdoor swimming pool, tennis court, basketball court, play structure and outdoor seating areas.