Acquisitions

Marcus & Millichap Brokers $6.3M Sale of Medical-Anchored Retail Portfolio in La Grange, Illinois

by Kristin Harlow October 7, 2026

LA GRANGE, ILL. — Marcus & Millichap has brokered the $6.3 million sale of a three-building, medical-anchored retail portfolio in downtown La Grange. The 34,279-square-foot, 12-suite portfolio spans an entire block and is located directly across from the Stone Avenue Metra Station. Longstanding tenants include Duly Health Care and Corte Dental, alongside national brands such as Rush Physical Therapy, Mathnasium and Berkshire Hathaway HomeServices. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap’s Sharko | Weisenbeck | Mendoza Group represented the seller, a private investor who is a long-term owner of properties in La Grange.

October 7, 2026

Acquisitions Development Leasing Activity New York Northeast Office Top Stories

Tishman Speyer Returns to Manhattan’s Chrysler Building With 150-Year Ground Lease, $235M Investment

by John Nelson October 7, 2026

NEW YORK CITY — Tishman Speyer has entered into a 150-year ground lease agreement for the Chrysler Building, with plans to invest $235 million in restorations to the landmark Manhattan office tower at 405 Lexington Ave. New York City-based Tishman Speyer is joined in the transaction by multiple global institutional partners, with the Public Sector Pension Investment Board (PSP Investments) serving as lead investor. Ground-rent fees, which have not been disclosed, will be paid to the landowner, The Cooper Union for the Advancement of Science and Art, a private college in New York’s East Village. Opening in 1930, the 1.3 million-square-foot, 77-story tower was built to house the Chrysler Corp. and features decorative elements inspired by automobile parts, including eagle gargoyles modeled after the hood ornament on the 1929 Plymouth. Tishman Speyer and its partners will use 100 percent equity to finance the ground lease and redevelopment. Plans call for new amenities on the 61st floor featuring a lounge with outdoor access and food-and-beverage offerings. Fitness, wellness and meeting spaces will be situated in the building’s underground arcade, which connects to Grand Central Terminal and Manhattan’s subway system. The renovation investment will also cover restoration of the façade and the …

October 7, 2026

Acquisitions Office Texas

KBS Sells 297,591 SF Tollway North Office Park in Plano

by Taylor Williams October 6, 2026

PLANO, TEXAS — California-based investment firm KBS has sold the 297,591-square-foot Tollway North Office Park in Plano. The seven-building campus spans approximately 27 acres within Legacy Business Park and can support life sciences and light industrial users in addition to traditional office tenants. Chris Murphy, Gary Carr, Robert Hill and Austin Sheahan of Newmark represented KBS in the transaction. Scott Henry represented the buyer, Los Angeles-based investment firm BH Properties, on an internal basis. Tollway North Office Park was roughly 70 percent leased at the time of sale.

October 6, 2026

Acquisitions Industrial Texas

Brennan Buys 13,700 SF Industrial Outdoor Storage Facility in Metro Austin

by Taylor Williams October 6, 2026

PFLUGERVILLE, TEXAS — Chicago-based Brennan Investment Group has purchased a 13,700-square-foot industrial outdoor storage (IOS) facility in the northern Austin suburb of Pflugerville. The facility, which was acquired via sale-leaseback with an undisclosed seller/tenant, was built on 3.4 acres in 2017 and features 24-foot clear heights, nine grade-level overhead doors, two five-ton cranes and a wash bay. The sales price was not disclosed.

October 6, 2026

Acquisitions Mixed-Use New York Northeast

Ariel Property Advisors Arranges $11M Sale of Mixed-Use Development Site in Brooklyn

by Taylor Williams October 6, 2026

NEW YORK CITY — Ariel Property Advisors has arranged the $11 million sale of a mixed-use development site in the Gowanus area of Brooklyn. The transit-served site at 604 Union St. formerly housed the Dinosaur Bar-B-Que restaurant and can support 41,406 square feet of buildable product. Sean Kelly, Stephen Vorvolakos and Nicole Daniggelis of Ariel brokered the deal. The buyer, Zelig Weiss, and seller, Simon Vays, are both local developers and investors.

October 6, 2026

Acquisitions Illinois Midwest Retail

Mid-America Negotiates Sale of 240,345 SF Shopping Center in Lombard, Illinois

by Kristin Harlow October 6, 2026

LOMBARD, ILL. — Mid-America Real Estate Corp. has negotiated the sale of High Point Centre, a 240,345-square-foot shopping center in Lombard. The property presents a value-add opportunity, as it is 68 percent leased. Tenants include LA Fitness, Altitude Trampoline Park, Ace Dental, Burger King, Mango Mango Desserts, Sport Clips, Seoul Bites Korean BBQ, Souq Market and Tropical Smoothie Café. Ben Wineman of Mid-America represented the seller, a publicly traded REIT. A private investment group was the buyer.

October 6, 2026

Acquisitions Illinois Midwest Retail

Quantum Brokers $7.3M Sale of Retail Center in Naperville, Illinois

by Kristin Harlow October 6, 2026

NAPERVILLE, ILL. — Quantum Real Estate Advisors Inc. has brokered the $7.3 million sale of a 23,000-square-foot retail center in Naperville. Located at 175 W. Jackson St., the property consists of eight suites. The buyer was a Chicago-based family office, and the seller was a private family that had owned and managed the property for over 30 years. Brett Berlin of Quantum brokered the transaction. At the time of sale, the asset featured two vacancies.

October 6, 2026

Acquisitions Affordable Housing California Multifamily Western

Jonathan Rose Cos. Acquires Affordable Housing Community in Santa Cruz, California

by Amy Works October 6, 2026

SANTA CRUZ, CALIF. — Jonathan Rose Cos. has purchased La Posada Apartments, a 150-unit mixed-income multifamily property located at 609 Frederick St. in Santa Cruz, with plans to extend the existing Project Based Section 8 Housing Assistance Payment (HAP) contract that provides federal support for 122 of the units. The original developers sold the property for $85 million. The contract was set to expire in 2028, but the acquisition will extend the federal support for an additional 20 years. The buyer will also implement an additional regulatory agreement with the California Municipal Finance Authority, further restricting 40 percent of units at 80 percent of the area median income for 55 years. Originally built in 1980, La Posada Apartments features a pool, community garden, library, community room with kitchenette, fitness center and a dining room, as well as an onsite independent elementary school. Additionally, the property provides onsite meals and other services focused on resident care. The new ownership plans to renovate the property, including upgrades to building systems and unit interiors, improvements to the community spaces, the addition of a dedicated fitness space and energy efficiency enhancements. The firm will also introduce a resident services plan, executed with the continued …

October 6, 2026

Acquisitions California Retail Western

First Washington Realty Sells 174,428 SF Shopping Center in San Luis Obispo, California

by Amy Works October 6, 2026

SAN LUIS OBISPO, CALIF. — First Washington Realty has sold Marigold Center, a grocery-anchored shopping center in San Luis Obispo, about 200 miles north of Los Angeles, to Nuveen Real Estate for $58.2 million. Gleb Lvovich, Geoff Tranchina, Daniel Tyner and Eric Kathrein of JLL Capital Markets represented the seller in the deal. Located at 3900 Broad St., Marigold Center offers 174,428 square feet of retail space. Situated on 17.5 acres, the property was 91.6 percent leased at the time of sale. Tenants include Vons, CVS/pharmacy and Planet Fitness, as well as a mix of grocery, pharmacy, fitness, sporting goods, restaurant, medical and service-oriented tenants.

October 6, 2026

Acquisitions Colorado Office Western

Unique Properties/TCN Negotiates Sale of 97,992 SF Office Building in Golden, Colorado

by Amy Works October 6, 2026

GOLDEN, COLO. — Unique Properties/TCN Worldwide has negotiated the sale of 2801 Youngfield Street, an 97,992-square-foot office building in Golden, a western suburb of Denver. HGN Realty sold the asset to an undisclosed buyer for $6.5 million. Rachel Colorosa and Zach Schuchman of Unique Properties/TCN Worldwide represented the seller in the off-market transaction.

October 6, 2026

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