CHICAGO — Marcus & Millichap has brokered the $4 million sale of 3060 W. Armitage Ave., a 13-unit apartment building in Chicago’s Logan Square neighborhood. Built in 2012, the property features a mix of one- and two-bedroom floor plans and one retail unit across 11,700 rentable square feet. Steve Rachman of Marcus & Millichap procured the buyer, a private investor, who plans to create value through light renovations and addressing deferred maintenance.
TOLEDO, OHIO — The Cooper Commercial Investment Group has negotiated the $3.1 million sale of Jesse James Plaza, a multi-tenant retail center in Toledo. Dan Cooper represented the seller, a Midwest-based investment group. The asset sold to an all-cash buyer. Jesse James Plaza totals roughly 35,800 square feet and sits on 3.1 acres. FirstCash and Safelite are anchor tenants.
LOS ANGELES — Waterton has purchased Motif, an apartment community located at 21021 Erwin St. in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Situated within the Warner Center master-planned community, the property will be rebranded as Sorrel at Warner Center. Built in 2015, the asset features 395 one-, two- and three-bedroom apartments with new quartz countertops, lighting and plumbing fixtures. Community amenities include two pools, a spa, grilling stations, a bocce ball court, an indoor fitness space with free weights, yoga and spin rooms, an outdoor fitness center, a dog park and covered parking. The buyers plan to update and modernize the common areas with new exterior paint, improved landscaping and upgraded building systems.
THORNTON, COLO. — Continental Realty Corp. (CRC) has acquired Thornton Town Center, a neighborhood shopping center in Thornton, from Citivest Commercial Investments for $25.5 million. Brad Lyons of CBRE represented the seller in the transaction. Located at 9223-1001 and 1005 Grant St., the 266,008-square-foot retail center was 73 percent leased at the time of sale. Current tenants include Malibu Jack’s, The Picklr, Sky Zone Trampoline Park, GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty and Starbucks Coffee. CRC plans to implement a property improvement strategy for the asset, which was built in 1990 on 24 acres.
RIVERDALE, UTAH — Ziff Real Estate Partners (ZRP) has acquired Riverdale Shopping Center, a 93,592-square-foot shopping center located in Riverdale, approximately 35 miles north of downtown Salt Lake City. T.J. Maxx and Ulta Beauty anchor the property, which was built in 2007, according to LoopNet Inc. JT Redd and Kip Paul of Cushman & Wakefield represented the seller. Christian Chamblee and Brooke Frey internally represented ZRP in the transaction.
OREGON CITY, ORE. — Brinkman Real Estate and Blue Field Capital have acquired Holmes Park Townhomes, a townhome community in Oregon City, approximately 30 minutes south of downtown Portland. Terms of the acquisition were not released. Completed in 2024, Holmes Park features 60 three-level, three-bedroom/three-bath residences with modern finishes and direct-access garages.
DALLAS — Newmark has negotiated the sale of The Offices at Park Lane, a 230,691-square-foot office complex in North Dallas. Completed in the mid-1970s, the two-building complex is located within The Shops at Park Lane, a 33-acre mixed-use development, and was 66 percent leased to 16 tenants at the time of sale. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller, Northwood Investors, in the transaction. The buyer was DFW LAND Real Estate.
DORAL, FLA. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle shopping center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million acquisition loan to the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco.
HUMBLE, TEXAS — Colliers has brokered the sale of a 51,951-square-foot industrial property in Humble, a northern suburb of Houston. The site at 134 Wilson Road houses multiple buildings that were constructed between 1960 and 2009 and that offer a variety of configurations and clear-height ranges. Tom Condon Jr. of Colliers represented the seller, Humble Machine Works Inc., in the transaction. Ross James and David Claros of Newmark represented the undisclosed buyer.
ROCK HILL, S.C. — Atlanta Property Group (APG) has acquired 885 Paragon Way, a 300,080-square-foot distribution facility located in Rock Hill, roughly 15 miles south of Charlotte. Situated in the master-planned Riverwalk Business Park, the temperature-controlled property features 32-foot clear heights, 33 dock high doors, a 180-foot truck court and a 4,000-amp electrical system. The property is currently vacant. The sales price and seller were not disclosed.
