SANTA BARBARA, CALIF. — Colliers has brokered the $11.3 million sale of Kellogg Square, a neighborhood retail center located at 5555-5585 Hollister Ave. in Santa Barbara. AJR Capital Group sold the property to an undisclosed buyer. Miles Waters, Austin Herlihy, Chris Parker and Mike Chung of Colliers represented the buyer in the transaction.
TULSA, OKLA. — Sword Industrial Partners, an affiliate of Dallas-based investment firm MAG Capital Partners, has acquired a portfolio of 24 industrial buildings totaling approximately 1 million square feet in Tulsa. The portfolio, which collectively totals 103 suites across six industrial business parks, includes Space Center, Space Center East, Tulsa Business Park, Tandem Business Park, Maxim Center and Maxim Place. All of the properties are located less than 10 miles from the downtown area and Tulsa International Airport. The seller was DRA Advisors. The sales price was not disclosed.
SCHERTZ, TEXAS — An affiliate of Miami-based owner-operator Atlantic Pacific Cos. has purchased The Palmera on 3009, a 288-unit apartment complex located northeast of San Antonio in Schertz. Built in 2008, the property offers a mix of one-, two- and three-bedroom units that range in size from 597 to 1,150 square feet. Amenities include a pool, fitness center, resident clubhouse and a pet park. The new ownership plans to implement capital improvements to unit interiors, building exteriors and amenity spaces. The seller and sales price were not disclosed.
DALLAS — Marcus & Millichap has brokered the sale of a 26,494-square-foot mixed-use building in East Dallas. The site at 2700 Live Oak St. was originally constructed in 1923 as a bottling plant for beverage company 7Up and now houses an apartment building and retail center. Joe Santelli, Nick Fluellen, Chris Pearson and Bard Hoover of Marcus & Millichap represented the seller, an out-of-state REIT, in the transaction and procured the buyer, a local, private investor completing a 1031 exchange. Both parties requested anonymity.
OSAGE BEACH, MO. — Marcus & Millichap has arranged the $3.6 million sale of Parkside Village, a medical office building with 10 fully occupied suites in Osage Beach. The 28,400-square-foot property is situated within the Lake of the Ozarks region and across from the Lake Regional Health System campus. Built in 2008 and renovated in 2021, the building rises two stories. Most tenants have more than five years remaining on their leases. Alec Coronado of Marcus & Millichap represented the seller, a Missouri-based medical office investor. The buyer was undisclosed.
CHICAGO — Interra Realty has brokered the $2.1 million sale of a 13-unit apartment building located at 1433 W. Ardmore Ave. in Chicago’s Edgewater neighborhood. Joe Braun of Interra represented the private seller, while Tommy Richard of Interra represented the local buyer. The transaction marks the first time the asset has traded hands in nearly 50 years. Originally constructed in 1927, the building includes 10 one-bedroom units and three two-bedroom layouts. The buyer plans to undertake a full gut rehab of the property, which is currently less than half occupied, including reconfiguring the existing units and adding new ones.
BRISCOE COUNTY, TEXAS — Soluna Holdings Inc. (NASDAQ: SLNH), a developer of renewable data centers for heavy computing industries such as artificial intelligence (AI) and Bitcoin mining, has closed on the purchase of 397 acres in West Texas’ Briscoe County. The site is located adjacent to Briscoe Wind Farm, a 150-megawatt (MW) wind farm that Soluna purchased in April for $53 million. The land is also situated adjacent to Dorothy 1 and Dorothy 2, Soluna’s modular, co-located data center campus that has capacity totaling 50 MW and 48 MW, respectively. The new land will host Dorothy 3, an AI data center computing campus with a potential capacity of 300 MW. All phases of the Project Dorothy campus, which is named after NASA mathematician Dorothy Vaughan, will be powered by the Briscoe Wind Farm substation. “Customers evaluating AI sites want to know how quickly we can get them to power,” says John Belizaire, CEO of Soluna. “Owning this land takes one more variable out of that answer. Dorothy 3 is a site we control end to end, and that is what turns a development project into something a customer can plan around.” The land acquisition exceeds the 300 acres Soluna originally …
HOUSTON — Marcus & Millichap has brokered the sale of The Preserve at North Loop, a 218,689-square-foot office campus in northwest Houston. Built in 1970, the 12.7-acre campus consists of seven buildings that were approximately 65 percent leased at the time of sale. Keith Lloyd and Brad Mills of Marcus & Millichap represented the seller, an entity doing business as Silver Star CRE LLC, in the transaction and procured an undisclosed, Atlanta-based investor as the buyer.
MILFORD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $8 million sale of Milford Square, a 50,326-square-foot shopping center located about 40 miles southwest of Boston. The neighborhood center is home to a mix of service-oriented and necessity-based tenants, including the Massachusetts Registry of Motor Vehicles. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP represented the undisclosed seller in the transaction. The buyer was also not disclosed.
BATON ROUGE AND NATCHITOCHES, LA. — Marcus & Millichap has arranged the sale of two multifamily properties totaling 462 units in Louisiana: Magnolia Trace in Baton Rouge and The Melrose in Natchitoches. John Hamilton and Jessica Thompson of Marcus & Millichap marketed the properties on behalf of the undisclosed sellers. Further details of the transaction were also not disclosed. Situated near Louisiana State University (LSU), Magnolia Trace spans 36 residential buildings and features 246 apartments in one-, two- and three-bedroom floorplans. Built in 1975 and renovated in 2025, recent improvements at the property include full roof replacements, façade rehabilitation and interior/exterior infrastructure upgrades. The property includes a swimming pool, leasing office and laundry center. Located adjacent to Northwestern State University’s campus, The Melrose was built in 1973 and comprises 216 apartments that range in layouts from one- to three-bedrooms. Amenities include a swimming pool, fitness center, laundry facilities and walking/biking trails. Recent improvements at the complex include a full roof replacement, HVAC replacements, pool upgrades and new flooring.