Tuesday, June 17, 2025
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Acquisitions

AcquisitionsFloridaMultifamilySoutheast

Berkadia Brokers Sale of 268-Unit West Woods Apartments in Pensacola, Florida

by John Nelson

PENSACOLA, FLA. — Berkadia has brokered the sale of West Woods Apartments, a 268-unit community located at 3202 W. Nine Mile Road in Pensacola, a city in Florida’s Panhandle near the Alabama border. David Etchison of Berkadia led the transaction on behalf of the seller, Benefit Street Partners. The undisclosed buyer assumed in-place HUD financing as part of the transaction. The sales price was also not released. West Woods was delivered in 2016 and 2017 on a 14-acre site and offers one-, two- and three-bedroom floor plans averaging 1,087 square feet in size. Amenities at the gated-community include a clubhouse, two 24-hour fitness facilities, two resort-style pools, two dog parks, a business center, playground, 24-hour pet spa, car care center, fire pit, ping pong table and detached garage rentals. West Woods was 96 percent occupied at the time of sale.

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AcquisitionsArkansasIndustrialSoutheast

Marcus & Millichap Negotiates $5.3M Sale of Industrial Facility in Jonesboro, Arkansas

by John Nelson

JONESBORO, ARK. — Marcus & Millichap has negotiated the $5.3 million sale of a 26,000-square-foot industrial facility located at 2800 Fair Park Blvd. in Jonesboro. Situated on a 6.4-acre site near I-55, the property was fully leased at the time of sale to SRS Distribution, a building materials supplier that was recently acquired by The Home Depot. The building was delivered in 2013, according to LoopNet Inc. Giancarlo Mata of Marcus & Milllichap’s Jacksonville office represented the seller and former tenant, Jonesboro Cycle and ATV, in the transaction. The buyer was not disclosed. Steve Greer served as Marcus & Millichap’s broker of record in Arkansas for the transaction.

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AcquisitionsMultifamilyTexas

TMG Negotiates Sale of 104-Unit Highland Square Apartments in Alvin, Texas

by Taylor Williams

ALVIN, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Highland Square, a 104-unit apartment complex located southeast of Houston in Alvin. The complex was built in 1973 and offers one-, two- and three-bedroom units, as well as a pool and onsite laundry facilities. The buyer and seller were not disclosed.

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130-S-83rd-Ave-Tolleson-AZ
AcquisitionsArizonaIndustrialWestern

Longpoint Partners Buys 222,398 SF Industrial Building in Phoenix’s Southeast Valley

by Amy Works

TOLLESON, ARIZ. — Boston-based Longpoint Partners has purchased a 222,398-square-foot Class A industrial property in Tolleson from an undisclosed seller for $36 million. Located at 130 S. 83rd Ave., the 222,398-square-foot single-tenant building is fully leased to Exel Inc. (dba DHL Supply Chain). DHL’s client is Bose Corp., a leader in the audio industry. Bose Corp. had previously leased the property for 25 years (since 1999) before recently assigning the lease to DHL in summer 2024. The asset features 30-foot clearance, abundant dock- and grade-level doors, an advanced ESFR sprinkler system and a high-capacity power supply. Additionally, the property offers close proximity to Interstate 10, Loop 202 and Loop 101. Will Strong, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group — Mountain West represented the seller in the deal.

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AcquisitionsCaliforniaIndustrialWestern

Pacific Coast Commercial Negotiates $11.5M Sale of Industrial Building in Santee, California

by Amy Works

SANTEE, CALIF. — Pacific Coast Commercial has arranged the acquisition of a 4.7-acre industrial property located at 8520-8575 Roland Acres Road in Santee. Bailey Roland Acres LP, a local investor, acquired the asset for $11.5 million in an all-cash transaction. The property features five metal warehouse buildings totaling approximately 50,668 square feet, along with large, fenced yards and two overhead cranes. The two-parcel site is fully leased to five tenants. Nick Mane, Ken Robak and Jasmine Golia of Pacific Coast Commercial represented the buyer, while Colliers represented the seller, Mary Jude LLC, in the deal.

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1937-Goss-St-Boulder-CO
AcquisitionsColoradoMultifamilyWestern

Pinnacle Brokers $3.4M Sale of Value-Add Apartment Property in Boulder, Colorado

by Amy Works

BOULDER, COLO. — Pinnacle Real Estate Advisors has brokered the sale of 1937 Goss Street, a value-add multifamily property in Boulder. The asset traded for $3.4 million, or $309,091 per unit. The 11-unit building is located in close proximity to the University of Colorado Boulder. Luke Salazar, Robert Lawson and Jim Knowlton of Pinnacle represented the buyer and seller in the deal.

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AcquisitionsHealthcareNew JerseyNortheast

Marcus & Millichap Brokers $2.5M Sale of Medical Office Building in Swedesboro, New Jersey

by Taylor Williams

SWEDESBORO, N.J. — Marcus & Millichap has brokered the $2.5 million sale of a 10,193-square-foot medical office building in the Southern New Jersey community of Swedesboro. Completed in 2008, the building at 100 Lexington Road was fully leased at the time of sale, with Inspira Health serving as the anchor. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based entities that requested anonymity, in the transaction.

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AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Brokers $8M Sale of Apartment Building in St. Paul

by Kristin Harlow

ST. PAUL, MINN. — Marcus & Millichap has brokered the $8 million sale of The Jax, a 48-unit apartment building in St. Paul. The 49,082-square-foot property features loft-style units and is situated in the city’s Lowertown neighborhood. Built in 1909 and renovated in 2019, the asset features one- and two-bedroom floor plans. Amenities include a fitness center, community room and yoga studio. Chris Collins, Evan Miller, Eric Wagner and Matt Shide of Marcus & Millichap represented the seller, a local limited liability company, and procured the buyer, a Chicago-based investor.

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AcquisitionsIndustrialMidwestMissouri

CBRE Arranges $6M Sale of St. Louis Industrial Facility

by Kristin Harlow

ST. LOUIS — CBRE has arranged the $6 million sale of a 65,900-square-foot industrial facility located at 2340 59th St. in the South County submarket of St. Louis. The building is fully leased to a global telecommunications company, which has occupied the facility since 1990. Built in 1962, the property features 15 dock doors, a clear height of 18 feet and gated entry points. Kevin Foley, Austin Wolitarsky, Anthony DeLorenzo and Brian Bush of CBRE represented the seller, MacHom Com St. Louis LLC. An all-cash buyer purchased the asset in a 1031 exchange.

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Urbana-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Equity Residential Divests of 289-Unit Urbana Multifamily Community in Seattle

by Amy Works

SEATTLE — Equity Residential has completed the disposition of Urbana, a seven-story multifamily property in Seattle. Carmel Partners acquired the property. The sales price was nearly $121 million, according to local media reports. Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer. Brian Eisendrath and Cameron Chalfant of IPA Capital Markets arranged acquisition financing for the buyer. Built in 2014, Urbana offers 289 apartments, two rooftop decks, a resident lounge with theater, a dog run and pet spa, bike storage and a gated parking garage, as well as 29,884 square feet of street-level retail space occupied by Verizon Wireless, Papa John’s, Five Guys and Planet Fitness.

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