LA MARQUE, TEXAS —Partners Real Estate has brokered the sale of a 43,000-square-foot industrial building in La Marque, a southeastern suburb of Houston. According to LoopNet Inc., the single-tenant building at 4725 Lawndale St. was constructed in 1978 and features 20-foot clear heights. Wyatt Huff of Partners represented the seller in the transaction, and Hunter Stockard, also with Partners, represented the buyer. Both parties requested anonymity.
TUCKER, GA. — Centurion Foundation, an independent nonprofit organization that specializes in real estate and financing solutions for the healthcare and higher education sectors, has acquired Northlake Mall, a nearly 1 million-square-foot shopping center in the Atlanta suburb of Tucker, from Dallas-based ATR Corinth Partners. Following the $95 million acquisition, Northlake Mall will be transformed into an expanded campus for Emory Healthcare. Emory has leased approximately 274,000 square feet of space at the mall for administrative and clinical operations since 2019 and will soon lease most of the property. The sale includes the main mall structure, as well as Emory’s existing offices on the campus and an adjacent building occupied by Macy’s, which will close this year. The acquisition did not include the former JCPenney site that has remained vacant since the department store closed in 2020. Centurion Foundation also has approval to issue additional financing to support future development of the campus, providing long-term flexibility as Emory’s programming needs evolve over time. ATR Corinth Partners acquired the majority of the Northlake Mall campus in 2016 from Indianapolis-based mall giant Simon Property Group. The mall dates back to 1971.
WHITEHALL, PA. — JLL has negotiated the sale of Whitehall Plaza, a 365,071-square-foot shopping center located in the Lehigh Valley. Tenants at the open-air center include Floor & Décor, Wawa, The Gravity Vault, Community Bank, Saladworks, Philly Pretzel Factory, Pizza Hut, Health Network Labs, Five Guys and FedEx. Jim Galbally, Patrick Higgins and JP Colussi of JLL represented the undisclosed seller in the transaction. The buyer, Mishorim Gold Group, which plans to invest in capital improvements to the property, was self-represented.
ELK GROVE VILLAGE, ILL. — Lee & Associates of Illinois has arranged the $5.2 million sale of a 39,879-square-foot industrial building located at 1951 Lively Blvd. in Elk Grove Village. Dustin Albers of Lee & Associates represented the buyer, Sonica International Inc., a global logistics company. John D’Orazio, Jonathan Kohn and Tommy Karnig of Colliers represented the seller, FD Venture Co. LLC.
DETROIT LAKES, MINN. — Marcus & Millichap has brokered the sale of a 45-room Country Inn & Suites hotel in Detroit Lakes, a city in northwest Minnesota. Joseph Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken of Marcus & Millichap represented the seller, DL Hotel Group LLC, and procured the South Dakota-based buyer. Built in 1996, the recently renovated property is located just off Highway 10 and within walking distance of Detroit Lake. According to Ferguson, Detroit Lakes remains one of Minnesota’s strongest regional lodging destinations.
PORTLAND, ORE. — MG Properties has purchased Tupelo Alley, a 188-unit mixed-use apartment community in Portland. Terms of the transaction were not released. Ira Virden, Carrie Kahn and Owen Wise of JLL represented the undisclosed seller in the deal. The property offers studio, one- and two-bedroom units. Charles Halladay, Rick Salinas, Annie Rice, Brandon Smith and Charlie Watson of JLL Capital Markets originated an undisclosed amount of Freddie Mac acquisition financing for the deal.
DENVER — Marcus & Millichap has arranged the sale of The Jewell, a 93-unit apartment building located at 4470 E. Jewell Ave. in Denver’s Virginia Village neighborhood. The seller was a New York-based investor, and the buyer was a California-based investor. The property, which was built in 1968 and recently renovated, was 55 percent occupied at the time of the sale. Jason Hornik and Greg Parker of Marcus & Millichap’s Denver office brokered the sale.
HUMBLE, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Eagle Crest, a 200-unit apartment complex located in the northern Houston suburb of Humble. The garden-style property offers one- and two-bedroom units that range in size from 656 to 1,054 square feet. Amenities include a pool, fitness center and a clubhouse. Eastham acquired the property in 2017 in a joint venture with Mosaic Residential and implemented capital improvements. The buyer and sales price were not disclosed.
LA MARQUE, TEXAS —Partners Real Estate has brokered the sale of a 43,000-square-foot industrial building in La Marque, a southeastern suburb of Houston. According to LoopNet Inc., the single-tenant building at 4725 Lawndale St. was constructed in 1978 and features 20-foot clear heights. Wyatt Huff of Partners represented the seller in the transaction, and Hunter Stockard, also with Partners, represented the buyer. Both parties requested anonymity.
BRIDGEWATER, N.J. — JLL has negotiated the $54.3 million sale of The Village at Bridgewater Commons, a 92,461-square-foot retail center in Central New Jersey. A Summit Health medical facility anchors the 12.5-acre, open-air center, which was 98 percent leased at the time of sale to a roster with a weighted average remaining lease term of 7.4 years. Other tenants include Starbucks, Shake Shack, Cava and Chipotle Mexican Grill. Kevin O’Hearn and JB Bruno of JLL represented the seller, Pacific Retail Capital Partners, which acquired the property in 2023 as part of a larger deal for the adjacent Bridgewater Commons Mall, in the transaction. The buyer was Urban Edge Properties.