CANTON, MASS. — Marcus & Millichap has brokered the $7.1 million sale of a 39,687-square-foot warehouse in Canton, a southern suburb of Boston. The building sits on a 2.6-acre site at 40 Hudson Road and was fully leased at the time of the loan closing to an electrical manufacturing company. Harrison Klein of Marcus & Millichap represented the buyer, Seyon Group, in the transaction. The seller, an entity doing business as Canton II JB Capital LLC, was self-represented.
SAN DIEGO — Parallel Capital Partners has purchased two industrial properties — Rose Canyon Business Park and The 5 & 52 Business Park — in the Sorrento Valley district of San Diego in two separate transactions, representing an investment of more than $100 million across 300,000 square feet of industrial space. Acquired in April, Rose Canyon Business Park is a 15-building, multi-tenant industrial park totaling 234,000 square feet across two parcels spanning 38 acres. The project is currently 85 percent leased, with an average tenant size of 1,700 square feet. Parallel plans to invest more than $5 million in improvements, including landscaping, exterior upgrades, signage enhancements and a speculative suite program. Additionally, the firm plans to convert approximately 13,000 square feet of office space into additional industrial units. The asset is located at 4901-4907 Morena Blvd. Located at 5965 and 5975 Santa Fe St., the 5 & 52 Business Park offers 71,597 square feet of industrial space spread across two buildings on 4 acres. The property was fully vacant when Parallel acquired it in November 2024. The firm plans to rebrand the property as a multi-tenant industrial park. Renovations will include demising the project into smaller units, delivering move-in-ready speculative suites …
NASHVILLE, TENN. — Tishman Speyer has acquired 2010 West End Avenue, a 25-story apartment tower in Midtown Nashville, for $112 million. CA Ventures developed the 358-unit property in 2021. Tishman Speyer’s acquisition was financed in part by a $67.2 million loan from Corebridge. Situated within walking distance to Vanderbilt University, 2010 West End Avenue includes studio, one- and two-bedroom apartments, as well as 6,000 square feet of ground-floor retail space. Amenities include a rooftop pool, hot tub, fitness center and dog run. The asset is Tishman Speyer’s second acquisition in Nashville. In 2023, the firm purchased 133 Korean Veterans Boulevard, a 1.2-acre property in SoBro, before selling a portion of that site to T2 Hospitality.
DENVER — ALTO Real Estate Funds has completed the disposition of Quebec Square, a retail power center in east Denver. Big Ben Private Real Estate I LP, with Capital Asset Management serving as the fund manager, purchased the property for $56.7 million. Built in 2002-2003 on 22.1 acres, Quebec Square features 207,611 square feet of retail space at 7506 E. 36th Ave. Tenants at the property include Ross Dress for Less, Office Depot, PetSmart, Big 5 Sporting Goods and Five Below. The center is shadow anchored by Walmart, The Home Depot and Sam’s Club. Jason Schmidt and Austin Snedden of JLL Capital Markets’ Investment Sales and Advisory team represented the seller in the deal.
FRESNO, CALIF. — A partnership between CenterCal Properties and DRA Advisors has acquired Fig Garden Village, a 300,000-square-foot lifestyle center located in Fresno. Originally developed in 1956 as part of the historic Fig Garden residential area, the center serves as a retail anchor for the broader Central California market. Tenants at the property include Pottery Barn, Williams-Sonoma, Banana Republic, lululemon, Whole Foods Market, Anthropologie, Madewell and Paper Source. The center was previously owned by Brookfield Properties.
WEST PALM BEACH, FLA. — Plaza Advisors has brokered the sale of Paradise Place, a 72,961-square-foot shopping center located on an 8.5-acre site in West Palm Beach. Built in 2003, the center was 98 percent leased at the time of sale to tenants including Publix, Sage Dental, Dunkin’ and Goodwill. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, Collett Capital, in the transaction. Forge Capital Partners purchased Paradise Place for an undisclosed price.
CORONA DEL MAR, CALIF. — Corona Del Mar-based Hanley Investment Group Real Estate Advisors has brokered the sales of seven net-leased retail properties totaling $18.4 million on behalf of a Minnesota-based 1031 exchange buyer. Jeff Lefko and Bill Asher of Hanley Investment Group represented the buyer in the transactions, which included a mix of newly constructed single-tenant and multi-tenant assets. Midwest transaction highlights include a 4,616-square-foot property occupied by Total Access Urgent Care in Oakville, Mo., and a 7 Brew ground lease in Des Moines, Iowa. Hanley Investment Group represented the buyer and sellers in association with John Shuff of Pace Properties and ParaSell Inc. for the Missouri and Iowa properties, respectively.
LEWISVILLE, TEXAS — Cushman & Wakefield has brokered the sale of Heritage Towers, a 282-unit apartment complex located in the northern Dallas suburb of Lewisville. Completed in 2023, the property offers one- and two-bedroom units and amenities such as a pool, fitness center, dog park, clubhouse with a coffee bar and outdoor grilling, dining and gaming areas. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, Dallas-based Huffines Communities, in the transaction. The buyer and sales price were not disclosed.
LAS VEGAS — Newport Beach, Calif.-based Buchanan Street Partners has acquired a newly constructed self-storage facility located at 310 Rock Springs Drive in Las Vegas. The project’s developer sold the asset for $21.8 million in an off-market transaction. Totaling 103,570 square feet, the three-building property offers 917 self-storage units. The Class A facility features a mix of interior climate-controlled units and drive-up access options spread across three-story buildings. Buchanan acquired the property at certificate of occupancy upon construction completion. The company is an active self-storage investor throughout the Western United States, including recent transactions in California and Arizona.
WEST COVINA, CALIF. — Marcus & Millichap has arranged the sale of Fernwood Terrace Apartments in West Covina. A private investor acquired the asset from Fernwood Terrace Apartments LLC for $9.5 million. Gordon Reese of Marcus & Millichap represented the seller, while Tyler Leeson and Drew Holden of Marcus & Millichap represented the buyer in the deal. Located at 712 S. Fernwood St., Fernwood Terrace Apartments features 30 studio, one-, two- and three-bedroom floor plans with 24 of the units fully renovated. The community offers a swimming pool, onsite laundry, controlled access and 43 parking spaces.