Acquisitions

Transwestern Investments Sells 392,983 SF Warehouse in San Bernardino

by Amy Works May 20, 2026

SAN BERNARDINO, CALIF. — Transwestern Investments has completed the disposition of San Bernardino I, a Class A industrial warehouse located in San Bernardino within the Inland Empire East submarket. Terms of the transaction were not disclosed. Completed in 2019, the asset offers 392,983 square feet of industrial space. The warehouse offers direct access to major interstate highways and proximity to Ontario International Airport and the ports of Los Angeles and Long Beach, Calif. The property was developed through a joint venture between Transwestern Development, Transwestern Investments and the separately managed account client.

May 20, 2026

Acquisitions Arizona Industrial Western

Belkorp Buys Manufacturing Facility in Phoenix’s Sky Harbor Submarket for $44.1M

by Amy Works May 20, 2026

PHOENIX — Belkorp has acquired an advanced manufacturing facility, located at 3809 E. Watkins St. in Phoenix, from an undisclosed seller for $44.1 million. Situated within the Sky Harbor Airport submarket, the 174,801-square-foot asset features 8,000 amps of power. AZ Pharmacy (PillPatch), a subsidiary of Amazon, with the lease backed by a corporate guarantee from Amazon.com, fully occupies the property. Will Strong, Phil Haenel, Foster Bundy, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the buyer and the seller in the transaction.

May 20, 2026

Acquisitions Colorado Industrial Western

NorthPeak Commercial Advisors Arranges Sale of 5,040 SF Industrial Building in Castle Rock, Colorado

by Amy Works May 20, 2026

CASTLE ROCK, COLO. — NorthPeak Commercial Advisors has negotiated the sale of an industrial property located at 1810 Park St. in Castle Rock. The 5,040-square-foot asset traded for $1.3 million, or $251 per square foot. Andrew Berk and Kevin Calame of NorthPeak Commercial Advisors represented the buyer and seller in the deal.

May 20, 2026

Acquisitions Arizona Restaurant Retail Western

Marcus & Millichap Brokers Sale of 2,847 SF Restaurant Property in Phoenix

by Amy Works May 20, 2026

PHOENIX — Marcus & Millichap has brokered the sale of a single-tenant restaurant property located at 2817 N. 7th St. in Phoenix. Built in 1969, the 2,847-square-foot drive-thru building is occupied by Original Chop Shop, a Scottsdale-based fast-casual eatery with 27 locations across Arizona, Texas and Georgia. The restaurant will remain in operation following the sale. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, a California-based investor.

May 20, 2026

Acquisitions Illinois Industrial Midwest Self-Storage

Cushman & Wakefield, JLL Broker Sale of 2,043-Unit Self-Storage Portfolio in Chicago

by Kristin Harlow May 20, 2026

CHICAGO — Cushman & Wakefield and JLL have brokered the sale of a two-property self-storage portfolio in Chicago. The brokerage firms represented the seller, Self Storage 1. Etude Storage Capital purchased the portfolio, which comprises 2,043 units across 150,216 square feet in the Lincoln Park/Bucktown and Wrigleyville/Lakeview neighborhoods. Cushman & Wakefield’s Greg Wells, Mike Mele, Luke Elliott and Ross Bailey partnered with JLL’s Steve Mellon, Brian Somoza, Dan Reynolds and Tom Kirschbraun. The portfolio offers immediate scale and operating efficiencies, along with upside through continued lease-up, rental rate optimization and unit mix refinement, according to a release.

May 20, 2026

Acquisitions Industrial Midwest Ohio

Colliers Negotiates Sale of 208,000 SF Industrial Facility in Rossford, Ohio

by Kristin Harlow May 20, 2026

ROSSFORD, OHIO — Colliers has negotiated the sale of Innovation Industrial Park Building 2, a 208,000-square-foot industrial facility in Rossford near Toledo. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Tim Breckner and Conor Toomey of Colliers represented the seller, Scannell Properties. Glen Una Management Co. was the buyer. Delivered in 2022, the property is fully leased to Logos Logistics, Norplas Industries Inc. and Grabber Construction Products. The rear-load facility features a clear height of 32 feet, 24 dock-high doors, two drive-in doors, a 130-foot truck court and 58 trailer parking stalls.

May 20, 2026

Acquisitions Healthcare Illinois Midwest

Marcus & Millichap Arranges $3.4M Sale of Medical Office Building in Gurnee, Illinois

by Kristin Harlow May 20, 2026

GURNEE, ILL. — Marcus & Millichap has arranged the $3.4 million sale of a 10,000-square-foot medical office building leased to Aurora Health Care in Gurnee. The Class A property was built in 2005. Aurora Health Care offers dermatology, family medicine and internal medicine services at the facility. Frank Roti and Brett Rodgers of Marcus & Millichap represented the seller, a private entity. Brian Munn of Marcus & Millichap procured the East Coast-based buyer, which completed a 1031 exchange.

May 20, 2026

Acquisitions Georgia Industrial Southeast

Basis Industrial Acquires Metro Atlanta Portfolio for $89.5M

by John Nelson May 20, 2026

ATLANTA — Basis Industrial has purchased a 25-building portfolio of shallow-bay facilities in metro Atlanta for $89.5 million. The portfolio features 18 buildings in Stone Mountain and seven assets in Tucker totaling more than 620,000 square feet. The properties were occupied by 119 tenants at the time of sale with a weighted average lease term of 2.2 years. Middour Investments sold the portfolio to Basis Industrial, growing the firm’s Atlanta-area holdings to 1.2 million square feet. Bank of Montreal provided an undisclosed amount of acquisition financing to the buyer.

May 20, 2026

Acquisitions Florida Restaurant Retail Southeast

SRS Brokers $6.6M Sale of Two Adjacent Retail Outparcels in Metro Tampa Leased to Dutch Bros, Fifth Third Bank

by John Nelson May 20, 2026

LUTZ, FLA. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in a 1031 exchange. Both parties requested anonymity.

May 20, 2026

Acquisitions Industrial South Carolina Southeast

CBRE Negotiates $6.5M Sale of Cintas Distribution Center in Myrtle Beach, South Carolina

by John Nelson May 20, 2026

MYRTLE BEACH, S.C. — CBRE has negotiated the $6.5 million sale of a 24,000-square-foot distribution center located at 8388 Water Tower Road in Myrtle Beach. The facility was developed recently as a build-to-suit for Cintas, an Ohio-based supplier of uniforms and workwear, and sits adjacent to Palmetto Coast Industrial Park. An entity doing business as Jangle LLC purchased the facility from the seller, Columbia-based development firm Magnus Development Partners. Robert Hardaway, Patrick Gildea, Matt Smith, Athony DeLorenzo, Brendan Redeyoff and Robert Barrineau of CBRE represented the seller in the transaction. Chris Martin, Gary Stache and Ben Brantley, also with CBRE, represented the buyer.

May 20, 2026

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