SAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood. The property comprises four buildings with suites that range in size from 1,254 to 9,790 square feet. Todd Mills of Cushman & Wakefield represented the undisclosed seller in the transaction. Shawn Gulley represented Worth & Associates, which plans to make capital improvements to the property, on an internal basis.
NEW YORK CITY — JLL has negotiated the $21.7 million sale of a 28,700-square-foot multifamily development site in The Bronx. The site at 122 Bruckner Blvd. is located within the borough’s Mott Haven neighborhood and can support 172,774 square feet of new development. Brendan Maddigan, Ethan Stanton and Mike Mazzara of JLL represented the locally based seller, Altmark Group, in the transaction. The buyer was locally based investment and development firm Nalcorp.
SPARTANBURG, S.C. — Munich-based Manova Partners has acquired Spartanburg 221, a roughly 1 million-square-foot logistics facility located at 2536 Chesnee Highway in Spartanburg. New York-based Rockefeller Group sold the property for an undisclosed price. Delivered in 2024 on 87 acres, Spartanburg 221 was fully leased at the time of sale to an undisclosed tenant, which operates on a triple-net lease. The industrial property features 344 car parking spaces, 346 trailer parking spaces, 140 dock-high loading doors, four drive-in loading doors and 40-foot clear heights.
ATLANTA — Sagard Real Estate has acquired 5070 Phillip Lee Drive SW, a 400,800-square-foot industrial property located in Atlanta. The seller was SkyREM, according to multiple media sources. The purchase price was not disclosed. The four-building industrial property is fully leased to Kittrich, which manufactures and distributes rug underlays, non-slip products, bath mats and related home goods. The tenant has occupied the property for more than 20 years. Situated on the city’s westside between I-20 and I-285, the property features 48 dock-high doors, two ramped drive-in doors, deep truck courts and multiple points of ingress and egress.
BREA, CALIF. — The Whittier Comstock, a subsidiary of MW Investment and owned by Matt Waken, purchased Fairway Center II, an office property in Brea, from an undisclosed seller for $27.8 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Jackson Marlow of CBRE represented the seller in the transaction. Shaun Moothart and Andrew Post of CBRE secured financing for the buyer. Located at 675 Placentia Ave., Fairway Center II offers 135,308 square feet of office space that was 70.5 percent leased at the time of sale. The County of Orange, Calif., occupies more than 61,000 square feet of the three-story building under a long-term lease. Situated on 7.8 acres, the asset also features 617 parking spaces in an onsite parking structure.
JOLIET, ILL. — Inland Real Estate Acquisitions LLC has purchased an 859-unit self-storage facility in Joliet, about 40 miles southwest of Chicago. Mark Cosenza and Brett Smith completed the transaction on behalf of an Inland affiliate. Previously an ExtraSpace Self Storage property, the facility will be rebranded and fully managed by Devon Self Storage, a member of The Inland Real Estate Group of Cos. Inc. The two-story, 112,209-rentable-square-foot facility was constructed in 2023. The main climate-controlled building is comprised of 764 units and 95 exterior drive-thru units, of which 13 are oversized for RV, boat or large vehicle storage.
RALEIGH, N.C. — JLL has arranged the $86.7 million sale of Knightdale Marketplace, a 323,113-square-foot super regional shopping center in metro Raleigh. Invesco Real Estate purchased the 43.5-acre property from a joint venture between affiliates of Bailard Inc. and M&J Wilkow Ltd. Tom Kolarczyk, Andrew Kahn, Ella Glover and Katie Sanger of JLL represented the seller in the transaction. Built in 2008 along I-540, Knightdale Marketplace is located at 1006 Shoppes at Midway Drive and 210-304 Hinton Oaks Blvd. in Knightdale. Target and The Home Depot shadow-anchor the center, which was fully leased at the time of sale to tenants including Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & Noble, Starbucks, Five Guys, Jersey Mike’s, Qdoba, Tropical Smoothie Cafe, Subway and Visionworks. The shopping center also includes outparcels leased to Wells Fargo, Arby’s and Saltgrass Steak House.
LAKEWOOD, COLO. — BWE Investment Sales (BWEIS) has arranged the sale of Lakewood Reserve Senior Living, a 137-unit assisted living and memory care community located in Lakewood, approximately eight miles southwest of downtown Denver. BWEIS represented the seller, a private equity seniors housing investor, in the transaction. A REIT acquired the community, which is operated by Stellar Senior Living. The property features 118 assisted living units and 19 memory care units. Amenities at the community include a beauty salon and barber shop, fitness center, theater and entertainment space, courtyards and outdoor gathering spaces.
ROSEVILLE, CALIF. — JLL Income Property Trust has purchased Roseville Outpatient Center, a Class A medical outpatient building in Roseville, for $19 million. The name of the seller was not released. Situated in a suburban submarket of Sacramento, Roseville Outpatient Center features 42,000 square feet of space that is 95 percent leased by a mix of tenants, anchored by a leading healthcare tenant, with an approximately 12-year weighted average lease term. The property was fully redeveloped in 2024 with build-outs and improvements to equip the building for specialized medical uses.
CHICAGO — Interra Realty has brokered the $19.2 million sale of Paper Box Lofts, a 35-unit apartment building in Chicago’s River North neighborhood. Joe Smazal and Mark Dykstra of Interra represented the buyer, an affiliate of Los Angeles-based Blatteis & Schnur Inc. The duo also represented the seller, an affiliate of Chicago-based developer Senco Properties Inc. Built in 1906 as a paper and box factory, the building operated as loft offices prior to the seller converting it into luxury apartments in 2024. Amenities include a fitness center, multi-level rooftop deck, storage lockers, a mail room and lobby.
