Friday, June 26, 2026
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Acquisitions

AcquisitionsMidwestMinnesotaOffice

Artis REIT Acquires Prime Therapeutics Headquarters in Eagan, Minnesota for $98.5M

by Kristin Harlow

EAGAN, MINN. — Artis REIT, one of the largest diversified commercial real estate investment trusts in Canada,has acquired the Prime Therapeutics headquarters in Eagan for $98.5 million. The sale includes the first two phases of the facility at 2900 Ames Crossing Road within the Boulder Lake Business Park. A 225,000-square-foot building was completed in September, while a 160,000-square-foot building is slated for completion in 2019. Ryan Watts, Sonja Dusil, Tom Holtz and Judd Welliver of CBRE represented the seller, Eagan Heights LLC, a local partnership with developer United Properties. Prime Therapeutics is a pharmacy benefits manager owned by Blue Cross and Blue Shield.

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AcquisitionsIllinoisIndustrialMidwest

High Street Realty, Angelo Gordon Purchase 713,555 SF Industrial Portfolio in Metro Chicago

by Kristin Harlow

CHICAGO — A joint venture between High Street Realty Co. and Angelo Gordon has purchased a four-property, 713,555-square-foot industrial portfolio in metro Chicago for an undisclosed price. The multi-tenant properties include: 1010-050 Sesame St. in Bensenville; 11241 Melrose Ave. in Franklin Park; 11939 S. Central Ave. in Alsip; and 6748-6750 S. Sayre Ave. in Bedford Park. Robin Stolberg, Kurt Sarbaugh and Sam Berry of HFF represented the seller, Hackman Capital Partners.

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AcquisitionsMidwestOhioRetail

Marcus & Millichap Brokers $16M Sale of Regional Power Center in Ohio

by Kristin Harlow

WADSWORTH, OHIO — Marcus & Millichap has brokered the $16 million sale of Wadsworth Crossings, a 118,145-square-foot regional power center in Wadsworth, about 40 miles south of Cleveland. The property, located at 1183 Williams Reserve Blvd., includes tenants such as Planet Fitness, OfficeMax, Petco, Beef O’Brady’s, Kay Jewelers, Fresenius Kidney Care and Huntington Bank. Erin Patton, Scott Wiles and Craig Fuller of Marcus & Millichap marketed the property on behalf of the seller, Brixmor, a publicly traded REIT. The team also represented the private Texas-based buyer. Not included in the sale was anchor tenants Target, Lowe’s and Kohl’s.

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AcquisitionsMultifamilyNew YorkNortheast

GFI Realty Arranges $26.7M Sale of Two-Building Apartment Portfolio in Brooklyn

by David Cohen

NEW YORK CITY — GFI Realty Services has arranged the $26.7 million sale of a two-building apartment portfolio in the Prospect Park section of Brooklyn. Located at 111 Woodruff Ave. and 11 Crooke Ave., the properties include 89 residential units, 20 percent of which are vacant. The portfolio includes a unit mix of studio, one-,two- and three-bedroom apartments. The buildings are within two blocks of each other. Erik Yankelovich of GFI represented both the buyer, Greenroad Capital, and the undisclosed seller in the transaction.

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AcquisitionsMixed-UseNew JerseyNortheast

Marcus & Millichap Brokers $5M Sale of Mixed-Use Property in Union City, New Jersey

by David Cohen

UNION CITY, N.J. — Marcus & Millichap has brokered the $5 million sale of a 9,360-square-foot mixed-use property in Union City. Located at 4900 Bergenline Ave., the property recently underwent major renovations that include a new roof, windows, upgraded HVAC systems and tenant improvements on the second floor. The building is fully occupied. Fahri Ozturk and Richard Gatto of Marcus & Millichap’s New Jersey office represented the buyer and seller in the transaction, both private investors.

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AcquisitionsConnecticutNortheastOffice

GHP Realty Negotiates $4.5M Sale of Office Building in Norwalk, Connecticut

by David Cohen

NORWALK, CONN. — GHP Office Realty has negotiated the $4.5 million sale of a 38,985-square-foot office building in Norwalk. Located at 83 East Ave., the property is currently 92 percent occupied by 26 tenants. Andrew Greenspan and Brendan Hickey of GHP represented the undisclosed seller in the transaction. The buyer was a Long Island City-based real estate holding company.

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AcquisitionsArizonaMultifamilyWestern

Greystar Acquires 845-Unit Multifamily Portfolio in Metro Phoenix

by Amy Works

CHANDLER AND GILBERT, ARIZ. — Greystar Real Estate Partners has purchased a three-property Acacia multifamily portfolio on behalf of its real estate funds for an undisclosed price. Situated on Phoenix’s East Valley submarket, the properties are Chandler Court and River Ranch in Chandler and Vista Mountain in Gilbert. Originally built in the late 1980s, the portfolio largely features original interiors throughout the properties. Greystar’s value-add strategy includes renovating the units, including hard-surface countertops, stainless steel appliances, new cabinet doors and upgraded lighting, plumbing and hardware packages. Additionally, the company plans to upgrade the common areas and amenities, which include fitness centers, clubhouses, business centers, community gardens, pools and spa areas.

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AcquisitionsIndustrialNevadaWestern

Colliers Brokers $51M Sale of Industrial Building Near Las Vegas

by Amy Works

HENDERSON, NEV. — Colliers International has arranged the sale of an industrial asset located within South15 Airport Center at 1775 Executive Airport Drive in Henderson. US Industrial Fund (Panattoni Development) sold the property to BCI IV Executive Airport DC HoldCo (Black Creek) for $51 million. The property features 482,300 square feet of industrial space. Dan Doherty, Susan Borst, Paul Sweetland, Chris Lane and Jerry Doty of Colliers represented the seller in the deal.

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AcquisitionsCaliforniaIndustrialWestern

Terreno Realty Divests 266,000 SF Industrial Property in California for $33.2M

by Amy Works

FONTANA, CALIF. — Terreno Realty Corp. has completed the sale of an industrial property located at 14605 Miller Ave. in Fontana. An undisclosed buyer acquired the asset for $33.2 million. Situated on 13.1 acres, the 266,000-square-foot property is fully occupied by one tenant on a short-term lease. Terreno originally purchased the property in 2014 for $22.9 million.

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SouthGlenn-Place-Centennial-CO
AcquisitionsColoradoMultifamilyWestern

Greystone Unique Apartment Group Sells SouthGlenn Place Near Denver for $19.5M

by Amy Works

CENTENNIAL, COLO. — Greystone Unique Apartment Group has completed the sale of SouthGlenn Place, a multifamily property located at 6601-6651 S. Vine St. in Centennial. An undisclosed buyer acquired the value-add property for $19.5 million, or $144,444 per unit. Located blocks away from The Streets at SouthGlenn and Cherry Knolls Shopping Center, the 74,575-square-foot property features 135 units. The Lippitt/Shwayder Team, The MacCarter/Kaufman Team and Greystone were involved in the transaction.

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