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Acquisitions

AcquisitionsIllinoisIndustrialMidwest

JLL Brokers Sale of 289,847 SF Industrial Property in Vernon Hills, Illinois

by Kristin Harlow

VERNON HILLS, ILL. — JLL Capital Markets has brokered the sale of a two-building industrial property totaling 289,847 square feet in the Chicago suburb of Vernon Hills. Named the Woodlands Light Manufacturing Center, the facilities on Woodlands Parkway are fully leased to Kanaflex Corp. The properties feature clear heights ranging from 19 to 29.5 feet, 12 dock-high doors, six drive-in doors, LED lighting and 247 parking spaces. Ed Halaburt and Kurt Sarbaugh of JLL represented the seller, High Street Logistics Properties. Centaur Capital Partners and Talos Capital LLC purchased the property.

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AcquisitionsIndustrialMidwestSelf-StorageWisconsin

EquiCap Commercial, NAI Pfefferle Negotiate Sale of 215-Unit Self-Storage Portfolio in Wisconsin

by Kristin Harlow

ARBOR VITAE, ST. GERMAIN AND EAGLE RIVER, WIS. — EquiCap Commercial and NAI Pfefferle have negotiated the sale of Freedom Storage, a self-storage portfolio located in northern Wisconsin. The portfolio consists of three sites totaling 44,300 net rentable square feet across 12 buildings with 215 drive-up units. The sites are located at 11019 Highway 70 in Arbor Vitae, 5881 Highway 70 in St. Germain and 1878 Collins Court in Eagle River. Scott Rihm and Jesse Luke of EquiCap brokered the transaction along with Jonathan Glassco of NAI Pfefferle.

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AcquisitionsIllinoisMidwestMultifamily

Essex Arranges $3M Sale of Three-Building Multifamily Portfolio in Chicago

by Kristin Harlow

CHICAGO — Essex Realty Group LLC has arranged the $3 million sale of a three-building multifamily portfolio totaling 55 units in Chicago’s West Chatham neighborhood. The three-story properties feature six studios, 26 one-bedroom units, 12 two-bedroom units and four three-bedroom apartments as well as eight commercial spaces. Joe Kahlhammer of Essex brokered the transaction. The seller was a long-term local owner.

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AcquisitionsFloridaGeorgiaIndustrialSoutheastTexasTop Stories

Mapletree to Sell Sun Belt Industrial Portfolio to EQT Real Estate for $241.2M

by John Nelson

SINGAPORE AND CONSHOHOCKEN, PA. — Mapletree Investments Pte Ltd., a global real estate investment and management firm based in Singapore, has agreed to sell a portfolio of 10 bulk warehouse facilities that are located across various Sun Belt markets. Metro Philadelphia-based industrial development firm EQT Real Estate is purchasing the portfolio, which features properties in Georgia, Florida and Texas, for $241.2 million. Specific properties were not released, but a source familiar with the transaction says the assets are situated in suburban Atlanta, Dallas, Houston, Orlando and South Florida. Mapletree owns the warehouse facilities under Mapletree US & EU Logistics Private Trust, a closed-end private fund that was launched in 2019. Mapletree recently sold another portfolio within the $4.3 billion fund — a 1.8 million-square-foot portfolio that Faropoint purchased for $328 million. Clayton Skistimas, Christina Buhl, Marc Alfert, Mark Chu and Steve Silk of Eastdil Secured represented Mapletree in the transaction with EQT. The deal is expected to close by late 2025. “This divestment represents a strong outcome for our investors and affirms the value we’ve created across our U.S. industrial portfolio,” says Richard Prokup, CEO of Mapletree’s U.S. division. “As we look ahead, we remain focused on reinvesting in premier …

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AcquisitionsFloridaHospitalitySoutheast

Blackstone to Acquire Sunseeker Resort on Charlotte Harbor in Florida for $200M

by Abby Cox

PUNTA GORDA, FLA. — Blackstone Real Estate has announced plans to acquire Sunseeker Resort on Charlotte Harbor, a 785-room hotel located in Punta Gorda, about 24 miles north of Fort Myers, Fla. Barclays served as financial advisor to the publicly traded seller, Allegiant Travel Co. The transaction is expected to close in the third quarter of 2025. Spanning 22 waterfront acres, the newly constructed Sunseeker Resort offers the choice of Premium Rooms or signature Sunsuites. Amenities include multiple food-and-beverage concepts, two swimming pools, an additional rooftop swimming pool and bar, spa, fitness center, championship golf course and more than 60,000 square feet of combined indoor meeting space.

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Perse Apartments
AcquisitionsFloridaMultifamilySoutheast

Atlas Real Estate Acquires 384-Unit Multifamily Community in Orlando

by Abby Cox

ORLANDO, FLA. — Atlas Real Estate Partners has acquired Perse Apartments, a 384-unit multifamily complex located in the Little Lake Bryan neighborhood of Orlando. Ted Taylor and Kyle Butler or JLL’s Investment Sales and Advisory team represented the seller, TRION Properties, in the transaction. Scott Wadler, Mitch Sinberg, Matt Robbin and Brad Williamson of Berkadia arranged financing for the acquisition. Originally built in 2008, Perse Apartments is situated along the I-Drive corridor at 8151 Peterson Woods Drive and features one-, two- and three-bedroom floorplans averaging more than 1,100 square feet in size. Amenities include a resort-style swimming pool, fitness center, clubhouse, courtyard, conference rooms, laundry facilities and a grill and picnic area. Atlas Real Estate plans to renovate unit interiors and common areas, as well as to enhance the property’s amenities with repositioning the swimming pool with a sundeck and cabanas and improving the fitness center and clubhouse.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 200,000 SF Office Building in The Woodlands, Texas

by Taylor Williams

THE WOODLANDS, TEXAS — JLL has brokered the sale of 10001 Six Pines, a 200,000-square-foot office building located about 30 miles north of Houston in The Woodlands. The building was completed in 2002, and the site includes 3.4 acres for future expansion. Kevin McConn, Jeff Cairns and Brandon Clarke of JLL represented the seller and former occupant Chevron Phillips Chemical, in the deal and procured the buyer, Beland Properties.

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AcquisitionsHealthcareTexas

Woodside Health Buys 126,059 SF Medical Office Building in Bryan, Texas

by Taylor Williams

BRYAN, TEXAS — Woodside Health, a Cleveland-based private equity healthcare real estate firm, has purchased a 126,059-square-foot medical office building in the Central Texas city of Bryan. Built in 1999 and known as The Physicians Centre, the four-story building is attached to a private specialty hospital and was leased to 37 tenants at the time of sale. The seller and sales price were not disclosed.

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AcquisitionsMultifamilyNew JerseyNortheast

CBRE Negotiates Sale of 116-Unit Apartment Complex in Morris Plains, New Jersey

by Taylor Williams

MORRIS PLAINS, N.J. — CBRE has negotiated the sale of The Highlands at Morris Plains, a 116-unit apartment complex in Northern New Jersey. Built in 2003, the property offers one- and two-bedroom units and amenities such as a fitness center, business center, dog run, outdoor grilling and dining stations and package handling service. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE represented the undisclosed seller in the transaction and procured the buyer, a joint venture between Shamah Properties and Sagard Real Estate.

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AcquisitionsDelawareIndustrialNortheast

Patriot Aluminum Buys 45,000 SF Industrial Building in Seaford, Delaware

by Taylor Williams

SEAFORD, DEL. — Patriot Aluminum has purchased a 45,000-square-foot industrial building in Seaford, located in the central part of Delaware. The fencing manufacturer plans to relocate from Maryland and to invest about $4.8 million in equipping and building out its new space on Whitehurst Drive, which is being upgraded to support production, assembly and distribution uses. The company, which also plans to fabricate its own products at the site, expects to hire 19 additional people in addition to the 20 jobs coming from Maryland.

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