Acquisitions

IPA Brokers Sale of 284-Unit Harbor Shores Apartments in Montgomery, Texas

by Taylor Williams May 21, 2025

MONTGOMERY, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Harbor Shores, a 284-unit apartment community located north of Houston in Montgomery. The property, which was built in phases between 2016 and 2023, is located on the shores of Lake Conroe and offers one-, two- and three-bedroom units. Amenities include two pools, pickleball courts, a fitness center, clubhouse, and business center. Greg Austin, Travis Austin, Jackson Hart and Will Balthrope of IPA, along with Kyle Devillier of Marcus & Millichap, represented the seller, an entity doing business as NRG Conroe Villas LP, in the transaction. The quintet also procured the buyer, CEG Multifamily.

May 21, 2025

Acquisitions Arizona Multifamily Western

Northmarq Negotiates $8.2M Sale of Apartment Community in Phoenix

by Amy Works May 21, 2025

PHOENIX — Northmarq has arranged the sale of The Retro on 32nd Street, a garden-style multifamily property in Phoenix. Goodyear, Ariz.-based Belbrook 32 LLC sold the asset to La Jolla, Calif.-based Cane Capital for $8.2 million. Built in 1968 and renovated in 2002, The Retro at 32nd Street offers 62 studio, one- and two-bedroom units. Apartments feature stainless steel appliances, high-speed internet, vinyl plank flooring, oversized closets, open kitchens and ceiling fans. The pet-friendly community includes a swimming pool, leasing office and onsite management, laundry facility, an outdoor grilling space, onsite patrol and gated access. The property is located at 3025 N. 32nd St. Ryan Boyle, Trevor Koskovich, Jesse Hudson and Logan Baca of Northmarq’s Phoenix Multifamily Investment Sales represented the seller in the deal.

May 21, 2025

Acquisitions California Office Western

Matthews Real Estate Brokers Sale of 6,815 SF Office Property in Burlingame, California

by Amy Works May 21, 2025

BURLINGAME, CALIF. — Matthews Real Estate Investment Services has arranged the sale of The Clock Tower, an office building in Burlingame. Sazze Partners, a venture capital firm from South Korea, acquired the asset for $5.4 million and plans to establish a U.S. office at the site. Located at 20 Park Road, The Clock Tower offers 6,815 square feet of office space. Marko Buljan of Matthews facilitated the transaction.

May 21, 2025

Acquisitions Industrial Texas

STRIVE Arranges Sale of 23,900 SF Warehouse in Wylie, Texas

by Taylor Williams May 21, 2025

WYLIE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of a 23,900-square-foot warehouse in Wylie, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 1141 Bozman Road comprises four buildings that were delivered in phases over the past several years, with Phase I completed in 2022 and Phase II completed in early 2024. Bryan Meyer and Jennifer Pierson of STRIVE represented the seller and procured the buyer, both of which were California-based investors that requested anonymity.

May 21, 2025

Acquisitions Industrial Midwest Ohio

CBRE Arranges $13M Sale of Industrial Property in West Chester, Ohio

by Kristin Harlow May 21, 2025

WEST CHESTER, OHIO — CBRE has arranged the $13 million sale of a 183,178-square-foot industrial property in West Chester near Cincinnati. Located at 9113 LeSaint Drive, the building served as the former headquarters of The O’Gara Group. Built in 1986 and renovated in 2023, the property features seven dock doors and eight drive-in doors on a 10.9-acre site. At the time of sale, the asset was fully occupied by three tenants. Will Roberts, Steve Timmel and Tim Schenke of CBRE represented the seller, TradeLane Properties. Plymouth Industrial REIT Inc. was the buyer.

May 21, 2025

Acquisitions Illinois Midwest Office

Greenstone Partners Negotiates $7.4M Sale of Flex Office Building in Chicago’s Fulton Market

by Kristin Harlow May 21, 2025

CHICAGO — Greenstone Partners has negotiated the $7.4 million sale of a 48,500-square-foot flex office and industrial building located at 1100 W. Monroe St. in Chicago’s Fulton Market neighborhood. The three-story property features efficient floor plates, industrial storage, three exterior docks on the first floor and 37 surface parking spaces. The asset, which was well maintained by an owner-occupant for more than 20 years, is located two blocks south of McDonald’s global headquarters. Jason St. John of Greenstone Partners represented the buyer, Alexander West Capital, the family office of the Leopardo family. The property will serve as the new home for Leopardo Construction’s Chicago operations. Andrew Davidson, Jay Beadle and David Kimball of Transwestern represented the seller, 1100 West Monroe LLC, an affiliate of Kolcraft Enterprises.

May 21, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $3.9M Bulk Condo Sale in Rosemont, Illinois

by Kristin Harlow May 21, 2025

ROSEMONT, ILL. — Kiser Group has brokered the $3.9 million sale of 35 condominium units in a bulk transaction in Rosemount, a suburb of Chicago. The value-add asset was 97 percent occupied at the time of sale and provides convenient access to Chicago O’Hare International Airport, Rivers Casino and the Rosemont Fashion Outlets. Andy Friedman and Jake Parker of Kiser brokered the sale, which involved multiple sellers. The buyer was a local investor.

May 21, 2025

Acquisitions Development Multifamily New York Northeast

CBRE Brokers $27M Sale of Multifamily Development Site in White Plains, New York

by Taylor Williams May 21, 2025

WHITE PLAINS, N.Y. — CBRE has brokered the $27 million sale of a multifamily development site in White Plains, located north of New York City. The site at 60 S. Broadway spans 3.6 acres on the eastern edge of the downtown area and is approved for the development of two high-rise buildings totaling 814 units. Jeffrey Dunne, Eric Apfel and Travis Langer of CBRE represented the seller, Quarterra Multifamily Communities, in the transaction. The buyer was an affiliate of New York-based investment and development firm Stagg Group. A construction timeline was not disclosed.

May 21, 2025

Acquisitions Florida Retail Southeast

PEBB Enterprises, Banyan Development Sell Shopping Center in Port St. Lucie, Florida for $32M

by John Nelson May 21, 2025

PORT ST. LUCIE, FLA. — A joint venture between PEBB Enterprises and Banyan Development has sold The Shoppes at the Heart of Tradition, a 71,000-square-foot shopping center located within the master-planned community of Tradition in Port St. Lucie, for $32 million. One Investment Group represented the buyer, an entity doing business as 4Y Plaza LLC, in the transaction. The center — which was completed in 2024 — is anchored by Aldi. Additional tenants include Papa John’s Pizza, Carmela Coffee, Kyle G’s Amore Italian Chophouse, Spanish restaurant Port Tradition, Tomalty Dental, Peach Cobbler Factory, Picasso Nails & Spa, Rita’s Italian Ice & Frozen Custard and Swift Mediterranean Grill. Tradition, which opened in 2003, spans approximately 8,300 acres and features a variety of residential, retail and commercial spaces. PEBB Enterprises and Banyan Development are also developing Shoppes at Southern Grove within Tradition, which will include a 14.2-acre retail development with additional outparcels available for ground lease.

May 21, 2025

Acquisitions Build-to-Rent Multifamily North Carolina Single-Family Rental Southeast

Berkadia Brokers $31M Sale of Build-to-Rent Community in Metro Charlotte

by John Nelson May 21, 2025

INDIAN TRAIL, N.C. — Berkadia has brokered the sale of Poplin Trace, a 99-unit build-to-rent community in Indian Trail, a city about 15 miles southeast of Charlotte. The sales price was not disclosed, but the Charlotte Business Journal reported the asset traded for $31 million. The seller was Arizona-based Belleview. The buyer was not disclosed. Caleb Troop, Matt Robertson, Mark Forrester and Andrew Curtis of Berkadia led the transaction on behalf of Belleview. Built in 2021, Poplin Trace offers three-bedroom townhomes with attached two-car garages. The property was 93 percent occupied at the time of sale.

May 21, 2025

Newer Posts

Older Posts