Tuesday, July 29, 2025
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Acquisitions

AcquisitionsIndianaIndustrialMidwest

SkyREM Purchases 565,560 SF Warehouse in Metro Indianapolis

by Kristin Harlow

WHITESTOWN, IND. — SkyREM has purchased a newly constructed warehouse totaling 565,560 square feet within 65 Commerce Park in the Indianapolis suburb of Whitestown. The development offers direct access to I-65 and proximity to the Indianapolis International Airport and CSX railroads. The facility is fully automated with robotics and is fully leased to a global e-commerce platform specializing in fashion. The property features a clear height of 36 feet and 55 dock doors. SkyREM purchased the asset from Strategic Capital Partners, a developer headquartered in Indianapolis.

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AcquisitionsHealthcareIllinoisMidwest

MedProperties Acquires 41,540 SF Medical Office Building in Chicago Ridge

by Kristin Harlow

CHICAGO RIDGE, ILL. — MedProperties Realty Advisors, a Dallas-based healthcare real estate investor, has acquired Millennium Medical Center, a 41,540-square-foot medical office building in the southwest Chicago suburb of Chicago Ridge. The two-story property at 10604 Southwest Highway was built in 2018 by a group of local physicians. The lead tenant is an affiliate of US Oncology, a national network of more than 600 cancer treatment centers. A complementary tenant base that serves patients suffering from cancer and related ailments makes up the balance of the tenancy at the property. Old National Bank provided debt for the acquisition. The seller was the original physician group.

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AcquisitionsIllinoisMidwestRestaurantRetail

Boulder Group Brokers $3.1M Sale of Raising Cane’s-Occupied Restaurant Property in Normal, Illinois

by Kristin Harlow

NORMAL, ILL. — The Boulder Group has brokered the $3.1 million sale of a single-tenant restaurant property net leased to Raising Cane’s Chicken Fingers in Normal. The restaurant at 311 Veterans Parkway opened this month and is operating under a 15-year ground lease with 10 percent rental escalations every five years and five five-year renewal options. The property marks the only Raising Cane’s location within a 50-mile radius. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based developer. The buyer was a 1031 exchange investor. The transaction represented a 4.75 percent cap rate. Raising Cane’s, founded in Louisiana in 1996, operates more than 800 locations worldwide.

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AcquisitionsIndustrialTexas

Cushman & Wakefield Brokers Sale of 258,846 SF Industrial Park in East Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Cushman & Wakefield has brokered the sale of Midway Business Park, a 258,846-square-foot industrial park in East Fort Worth. Midway Business Park comprises 12 shallow-bay buildings that were constructed between 1973 and 1990 and that range in size from 2,000 to 40,000 square feet and feature a mix of front-load, cross-dock and rear-load configurations. The property was 91 percent leased to 29 tenants at the time of sale. Jim Carpenter, Jud Clements, Robby Rieke, Trevor Berry and Emily Brandt of Cushman & Wakefield represented the seller, Cohen Asset Management, in the transaction. The buyer, a partnership between Atlanta-based developer Ackerman & Co., was self-represented. The new ownership has tapped PI Real Estate Services & Investments as the leasing agent.

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AcquisitionsOklahomaRetailTexas

NAI RED Arranges Sale of 35,597 SF Shopping Center in Oklahoma City

by Taylor Williams

OKLAHOMA CITY — Local brokerage firm NAI RED has arranged the sale of Boulevard Marketplace, a 35,597-square-foot shopping center in Oklahoma City. The sales price was $5 million. The center was built in 1984 and was 78 percent leased at the time of sale to tenants such as Subway and Great Clips. Samuel Dunham, David Hartnack and Sam Swanson with NAI RED represented the buyer and seller, both of which requested anonymity, in the transaction.

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Chiefland Regional Shopping Center
AcquisitionsFloridaRetailSoutheast

Coldwell Banker Arranges Sale of 140,664 SF Shopping Center in Chiefland, Florida

by Abby Cox

CHIEFLAND, FLA. — Locally based Coldwell Banker Commercial M.M. Parrish Realtors has arranged the sale of Chiefland Regional Shopping Center, a 140,664-square-foot retail center located in Chiefland, approximately 30 miles southwest of Gainesville, Fla. Bealls anchors the center, which was 95.6 percent occupied at the time of sale to tenants including Rent-A-Center, Tractor Supply Co., Subway, Metro by T-Mobile and a Winn-Dixie grocery store, which will soon be converted into an Aldi. This transaction marks the first time the property has been sold since its original development in 1989. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the buyer, Georgia-based Vanguard Associates, in the deal. Coldwell Banker Commercial M.M. Parrish Realtors represented the undisclosed seller. The sales price was also not disclosed.

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Kitt-Warner-Center-LA-CA
AcquisitionsCaliforniaMultifamilyWestern

Waterton Acquires 522-Unit AMLI Warner Center Apartments in Los Angeles

by Amy Works

LOS ANGELES — Waterton has purchased AMLI Warner Center, a multifamily property situated in the Warner Center master-planned community in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Waterton will rebrand the gated community, located at 21200 Kittridge St., as The Kitt at Warner Center. Built in 2007, the property offers 522 one-, two- and three-bedroom floor plans, a resort-style pool and spa, grilling stations with picnic tables, a fire pit and outdoor fireplace, dog park and pet washing station, jogging path with a six-station exercise course, fitness center and two structured parking garages. Waterton plans to renovate the units with new stainless steel appliances, quartz countertops, new cabinet fronts and hardware in kitchens and baths, as well as updated lighting and plumbing fixtures, backsplashes, paint and vinyl plank flooring. Common areas will be reconfigured to maximize use of the space and enhance the resident experience.

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AcquisitionsMultifamilyNevadaWestern

CONAM Expands Las Vegas Presence, Buys 180-Unit Multifamily Community

by Amy Works

LAS VEGAS — CONAM Strategic Investments Fund IV, a discretionary fund sponsored by The CONAM Group, has purchased Reverb at Spring Valley in Las Vegas. Terms of the transaction were not disclosed. Completed in 2000, Reverb at Spring Valley features 180 apartments, a clubhouse with a coffee bar, game room, fitness center and pool deck with assorted outdoor games, fire pits and barbecues.

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Ellingson-Crossing-Auburn-WA.jpg
AcquisitionsRetailWashingtonWestern

Northmarq Arranges Sale of Ellingson Crossing Retail Center in Auburn, Washington

by Amy Works

AUBURN, WASH. — Northmarq has arranged the sale of Ellingson Crossing, a 15,270-square-foot retail center located within the Auburn/Kent Valley Industrial District, roughly 20 miles south of Seattle. Starbucks Coffee anchors the property, which was originally built in 2007. Tenants at the center include Wingstop, Domino’s Pizza, Taco Time, American Family Insurance and You First Dental Care. Sean Tufts, Kevin Adatto and Joe Dugoni of Northmarq’s Pacific Northwest Commercial Investment Sales team represented the local private seller in the transaction. New York City-based Curbline Properties was the buyer.

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4995-Olive-St-Denver-CO
AcquisitionsColoradoIndustrialWestern

Malman Real Estate Brokers Sale of 31,140 SF Industrial Building in Denver

by Amy Works

DENVER — Malman Real Estate has arranged the purchase of an industrial property located at 4995 Olive St. in Denver. Olive HQ LLC acquired the asset from Appleman LLC for $2.7 million. Jake Malman of Malman Real Estate represented the buyer, while Russell Gruber of Gruber Commercial Real Estate represented the seller in the deal.

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