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Acquisitions

Jefferson-Cove-Grand-Prairie
AcquisitionsMultifamilyTexas

Newmark Brokers Sale of 283-Unit Apartment Complex in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Newmark has brokered the sale of Jefferson Cove, a 283-unit apartment complex located midway between Dallas and Fort Worth in Grand Prairie. Completed in 2024, Jefferson Cove offers one-, two- and three-bedroom units. Amenities include a pool, fitness center with a yoga studio, clubhouse and resident lounge, outdoor grilling and dining stations, conference room and a dog park. Brian Murphy, Brian O’Boyle Jr. and Richard Furr of Newmark represented the seller, TDI, a multifamily investment company owned by former executives of JPI, in the transaction. Purvesh Gosalia, also with Newmark, arranged acquisition financing on behalf of the buyer, Madera Residential.

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AcquisitionsOfficeTexas

Marcus & Millichap Negotiates Sale of 44,104 SF Office Building in Irving

by Taylor Williams

IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 44,104-square-foot office building in Irving’s Las Colinas district. Built on a 3.6-acre site at 8333 Royal Ridge Parkway in 2000, the building is leased to Berkshire Hathaway and American Airlines Federal Credit Union. Joseph Jaques and Ron Hebert of Marcus & Millichap represented the California-based seller in the transaction and procured the Texas-based buyer. Both parties requested anonymity. 

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AcquisitionsMultifamilyNew JerseyNortheast

CBRE Brokers $12.7M Sale of Northern New Jersey Apartment Building

by Taylor Williams

MAPLEWOOD, N.J. — CBRE has brokered the $12.7 million sale of The Summit, a 30-unit apartment building in the Northern New Jersey community of Maplewood. Completed in early 2025, The Summit offers units that predominantly come in two-bedroom formats and have an average size of 1,240 square feet. Amenities include a fitness center, resident lounge and a pet spa. Richard Gatto, Tracy Trank, Fahri Ozturk and Zach McHale of CBRE represented the seller, Summit Assets, in the transaction. CBRE also procured the buyer, SANA Properties.

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AcquisitionsIndustrialSoutheastTennessee

Brennan Acquires Two Industrial Buildings in Metro Nashville Totaling 225,000 SF

by John Nelson

GOODLETTSVILLE, TENN. — Brennan Investment Group has acquired two newly constructed distribution facilities located at 1022-1024 Louisville Highway in Goodlettsville, a northern suburb of Nashville. The seller and sales price were not disclosed. Built in 2024, the properties are situated within one mile of I-65 and span a combined 225,000 square feet. The two rear-load properties, which include a 123,000- and 102,000-square-foot building, are currently 30 percent leased to three tenants and include 30-foot clear heights, dock doors and ESFR sprinkler systems.

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AcquisitionsMultifamilySoutheastVirginia

Colliers Brokers Sale of 338-Unit Apartment Community in South Richmond

by John Nelson

RICHMOND, VA. — Colliers has brokered the sale of The Crossings at Bramblewood, a 338-unit apartment community located at 1401 Yellowpine Circle in south Richmond. Will Mathews, Thomas Leachman, William Dickinson and Marty Mooradian of Colliers brokered the transaction. The seller, buyer and sales price were not disclosed. Built on 24 acres in 1976, The Crossings at Bramblewood features a mix of one-, two- and three-bedroom apartments, as well as townhome-style residences.

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Vintners-Square-Lido-CA
AcquisitionsCaliforniaRestaurantRetailWestern

Visintainer Group Brokers Sale of Vintner’s Square Shopping Center in Lodi, California, in Two Transactions

by Amy Works

LODI, CALIF. — Visintainer Group has arranged the sales of the multi-tenant retail component of Vintner’s Square Shopping Center in Lodi for a combined $23.2 million in a two-part transaction. The sale was structured in two phases approximately one week apart. Gewekw VIII sold a two-parcel portion, occupied by Panera Bread and F&M Bank, to F&M Bank for $8.3 million. Geweke VIII and Geweke Family Partnership LP sold a larger outparcel portion of the retail center to Lodi Exchange LLC and EP Winter Park LLC for $15 million. Brett Visintainer and John Kourafas of Visintainer Group represented the sellers in the transactions. Anna Winters of Colliers represented F&M Bank and Jeff Lefko of Hanley Investment Group represented Lodi Exchange LLC and EP Winter Park LLC in the acquisitions. The sold portions of Vintner’s Square total approximately 48,356 square feet and were 97 percent occupied at the time of sale.

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The-Grand-Spokane-WA
AcquisitionsMultifamilySeniors HousingWashingtonWestern

Clarion Partners Buys 137-Unit Seniors Housing Community in Spokane

by Amy Works

SPOKANE, WASH. — Clarion Partners has acquired The Grand at Spokane, a luxury seniors housing property located in Spokane. Terms of the transaction were not disclosed. The Grand at Spokane offers 137 independent living, assisted living and memory care units. NexCore Group developed the community in 2024. Stellar Senior Living, the in-place operator, will continue to manage the community on behalf of Clarion, which is a specialty investment manager of Franklin Templeton.  

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Starbucks-Pomona-CA
AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

Hanley Investment Group Arranges $4.6M Sale of Single-Tenant Retail Property in Metro Los Angeles

by Amy Works

POMONA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a newly renovated, single-tenant retail property located in Pomona, roughly 30 miles east of downtown Los Angeles. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Los Angeles-based LA Icon LLC, while Brad Freeman of Freeman & Associates represented the buyer, a private investor also based in Los Angeles. Starbucks Coffee occupies the 1,650-square-foot space on a 15-year, triple-net corporate lease with 10 percent rental increases every five years during the primary term. Originally constructed in 1977, the single-tenant building was converted from an independent fast food restaurant to Starbucks’ newest prototype.   

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers $5.1M Sale of Two-Building Multifamily Portfolio in Chicago

by Kristin Harlow

CHICAGO — Interra Realty has brokered the $5.1 million sale of 2156 and 2158 W. 21st St., two multifamily buildings totaling 24 units in Chicago’s Pilsen neighborhood. Jeremy Morton of Interra represented the confidential buyer and seller. The properties, which were fully occupied at the time of sale, were built in 1893 and renovated in 2023.

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AcquisitionsHospitalityMidwestOhio

Laurel Real Estate Arranges Sale of Red Roof Inn Hotel in Clyde, Ohio

by Kristin Harlow

CLYDE, OHIO — Laurel Real Estate Co., a boutique commercial real estate brokerage and member of Hotel Brokers International, has arranged the sale of the Red Roof Inn hotel in Clyde, a city in northern Ohio. The seller engaged Laurel to manage the disposition as part of a broader portfolio restructuring. A local owner-operator was the buyer. Dan Uhl of Peachtree Group arranged acquisition financing.

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