Acquisitions

NOBLESVILLE, IND. — Cushman & Wakefield has negotiated the sale of Stony Creek Marketplace, a 204,810-square-foot regional shopping center in Noblesville, a northern suburb of Indianapolis. Anchor tenants include Best Buy, TJ Maxx and HomeGoods. Other retailers include Barnes & Noble, Five Below, PetSmart, Ross Dress for Less and Shoe Carnival. Built in 2003, the asset was fully leased at the time of sale. Evan Halkias, David Matheis and Bill French of Cushman & Wakefield represented the seller, Rainier Cos. A private investor was the buyer.

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REYNOLDSBURG, OHIO — Matthews has arranged the sale of Broad Street Plaza East, a 55,946-square-foot retail center in Reynoldsburg near Columbus. Pierce Mayson, Kyle Stonis, Ben Snyder, Zack Bates and Boris Shilkrot of Matthews represented the seller, Garner Group. Matt Wallace served as broker of record. Positioned in the heart of the East Broad Street retail corridor, the property was 92 percent leased at the time of sale. Ross Dress for Less is the anchor tenant. Garner Group brought the asset to market as part of a capital recycling strategy after strengthening the rent roll through recent leasing activity. The undisclosed buyer plans to lease up the 4,209-square-foot vacancy.

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BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the $2.7 million sale of a retail building formerly occupied by Joann in Bloomington. The 21,828-square-foot property is located at 1719 E. Empire St. within Bloomington Commons. Meghan O’Neal-Rogozinski and Mike O’Neal of AXIS 360 represented the buyer, Matt Unkovich, who plans to redevelop the space with an Aqua Tots Swim School. In addition to the swim school, space remains available to lease within the building. Jacob Dell and Sean McCourt of CBRE marketed the property for sale.

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THONOTOSASSA, FLA. — Trammell Crow Co. (TCC) has purchased 10 acres of land in Thonotosassa, roughly 14 miles northeast of Tampa. The Dallas-based firm plans to develop a 136,714-square-foot speculative warehouse on the site called New Tampa Commerce Center. Designed by C4 Architecture and constructed by FCL Builders, New Tampa Commerce Center is expected to be delivered in January 2027. The shallow bay warehouse will feature 32-foot clear heights, car parking spaces and immediate access to U.S. Highway 301 and I-75.

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MIAMI — Locally based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and S.W. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery store is also expected to open this year at the property.

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NEW YORK CITY — Local brokerage firm GFI Realty has arranged the $38 million sale of a commercial development site in Manhattan’s Kips Bay neighborhood. The site is an assemblage of parcels at 563–571 Second Ave. and 247–251 East 31st St., which can collectively support 88,000 square feet of buildable product. The Marchi Family sold the acreage to Empire Development. Leah Balkany and Michael Weiser of GFI Realty brokered the deal.

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RENO, NEV. — LDK Ventures has completed the purchase of Reno Distribution Center, an industrial property located at 4910 Longley Lane near the Reno-Tahoe International Airport in Reno. Eric Bennet and Tomi Jo Lynch of CBRE brokered the acquisition. Totaling 300,564 square feet, the asset features four suites, warehouse and storage facilities, dedicated office space and dock-high and ground-level loading doors. The property offers direct access to SR-395 and I-580.

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BEAVERTON, ORE. — A joint venture between Glencrest Group and Sky Alps Capital has acquired Cedar Square, a garden-style multifamily community at 10480 SW Eastridge St. in Beaverton, from a local owner for $29.8 million. Ira Virden, Carrie Kahn and Owen Wise of JLL Capital Markets represented the seller, while Charles Halladay and Jonah Aelyon of JLL arranged acquisition financing for the buyer. Built in 1980 with additions in 2016 and 2024, Cedar Square offers 155 one-, two- and three-bedroom apartments with patios or balconies. Onsite amenities include a fitness center, playground, laundry facilities, ample parking and abundant green space. The seller completed capital improvements, including repaving and replacing siding, windows, decks and roofs on the majority of the buildings.

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DENVER — The Boulder Group has brokered the acquisition of a single-tenant property located at 18300 E. 66th Ave. in Denver. A Colorado-based 1031 exchange investor acquired the asset from a Northeast-based partnership for $5.9 million. Caliber Collision occupies the 16,785-square-foot property, which was built in 2021, on a long-term, triple-net lease. Caliber Collision is the largest repair company in the United States with more than 1,800 locations across 41 states. Zach Wright and Brandon Wright of The Boulder Group represented the buyer in the deal.

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