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.
ST. PETERSBURG, FLA. — Foundry Commercial has negotiated the sale of Castille at Carillon, a two-building office complex located at 400 and 450 Carillon Parkway in St. Petersburg, a suburb of Tampa. Joe Chick, Christine Mansour and Chris DeMartino of Foundry Commercial represented the seller, a joint venture between Feldman Equities and Tower Realty Partners, in the transaction. ESN Group LLC acquired the property for an undisclosed price. Situated within the Carillon Park mixed-use business park, Castille at Carillon spans 104,897 square feet and was 93 percent leased at the time of sale to 21 tenants. The property features an average tenant suite size of roughly 4,100 square feet and a two-level parking garage with more than 400 spaces. Previous ownership invested more than $1.8 million in capital improvements since 2020, including renovations to the lobbies, restrooms and common areas, HVAC upgrades and parking garage improvements.
SAN DIMAS, CALIF. — SRS Real Estate Partners has negotiated the $41 million sale of San Dimas Commerce Center, a 19-building light industrial park at 410-490 W. Arrow Highway in San Dimas, located in the San Gabriel Valley area of Los Angeles County. An undisclosed institutional investor acquired the asset from an entity doing business as San Dimas BP LLC. Dave Faris and Richard Schwartz of SRS Real Estate Partners represented the seller in the deal. Situated on 10.5 acres, the 179,345-square-foot San Dimas Commerce Center was 90 percent occupied by more than 70 local and regional businesses at the time of sale. Most of the individually parceled buildings span less than 10,000 square feet.
LOS ANGELES — Marcus & Millichap has arranged the $5.3 million sale of an apartment building located at 1476 S. Shenandoah St. on the west side of Los Angeles. The sales price equates to $334,937 per unit. Sam Liberow of Marcus & Millichap represented the seller, a company operating as 1476 Shenandoah Street LLC, in the transaction and procured the buyer, a local owner-operator. Built in 1966, the 17,653-square-foot, 16-unit property features two- and three-bedroom units across a mix of floor plans.
CHICAGO — Marcus & Millichap has brokered the $20.4 million sale of a 98-unit multifamily property located at 1515 N. Fremont St. in Chicago’s Lincoln Park neighborhood. The building also features roughly 4,000 square feet of commercial space. Built in 2016, the property offers studio units and features a work-and-play lounge, barbecue and picnic areas, indoor bicycle storage and package locker service. Kyle Stengle of Marcus & Millichap represented the seller, Jack Duncan of Thesis Investment Group, and procured the buyer, Bill Silverstein of Beal Properties.
BUFFALO GROVE, ILL. — The Boulder Group has arranged the $2.8 million sale of a single-tenant retail property net leased to Huntington Bank at 401 Deerfield Parkway in Buffalo Grove. The tenant occupies a 2.5-acre parcel that includes five drive-thru lanes. The 4,680-square-foot building was constructed in 1995. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a Midwest-based real estate fund, and the buyer, a West Coast-based individual investor. Huntington Bank’s lease expires on July 31, 2031. The lease includes two five-year renewal options.
NEW YORK CITY AND DELRAY BEACH, FLA.— A partnership led by alternative asset management firm TPG AG and Florida-based Redfearn Capital has acquired a national portfolio of 53 industrial buildings totaling approximately 5.4 million square feet for $628 million. The seller was not disclosed, but South Florida Business Journal reports that New York-based DRA Advisors sold the portfolio. Roughly 75 percent of the buildings are located in Southeastern markets with “high barriers to entry” such as Atlanta, Raleigh and Charlotte, as well as Tampa and Lakeland, Fla. The portfolio primarily features shallow-bay buildings that were approximately 87 percent leased at the time of sale. Other operating partners within the new ownership group include Atlanta Property Group and Matterhorn Venture Partners. Eastdil Secured Savills advised on the placement of acquisition financing for the transaction. Greenberg Traurig LLP provided legal counseling to the partnership. “We are pleased to acquire and operate a portfolio of high-quality assets with strong occupancy, diversified tenancy and compelling opportunities to create value through active asset management,” says Chris Oka, managing director at TPG AG. “This acquisition reinforces our conviction in the long-term fundamentals of the U.S. shallow-bay industrial sector.” “TPG AG and its operating partners have built …
RIVERSIDE, CALIF. — CBRE has facilitated the sale of Turtle Creek Apartments in Riverside. Turtle Creek Residential LLC sold the asset to SC El Camino LLC for $34.5 million in an off-market transaction. Eric Chen and Blake Torgerson of CBRE handled the deal. Located at 4826 Van Buren Blvd., Turtle Creek features 98 one-, two- and three-bedroom apartments with an average unit size of 916 square feet. Units offer stainless steel appliances, granite countertops, vinyl plank flooring, in-unit washers/dryers and walk-in closets. Community amenities include a swimming pool, spa, fitness center, bark park, tot lot, gated entry and professional on-site management. Completed in 2020, the 89,776-square-foot property is situated on a 179,032-square-foot site.
SALT LAKE CITY — MCA Realty has purchased three multi-tenant industrial buildings in Salt Lake City from a private investor for an undisclosed price in an off-market transaction. Totaling 77,944 square feet, the properties are located at 515, 537 and 539 Pickett Circle. Built between 1998 and 2005, 515 Pickett Circle (24,356 square feet), 537 Pickett Circle (43,544 square feet) and 539 Pickett Circle (10,044 square feet) offer 20-foot clear heights and a combined 24 grade-level doors. MCA Realty plans to implement a capital improvement program, including refreshed paint, upgraded landscaping, enhanced parking areas and modernized signage. Travis Healey and Tom Freeman of Colliers represented MCA Realty and the seller in the transaction.