Acquisitions

Newmark Brokers $28M Sale of Downtown Boston Office Building

by Taylor Williams August 7, 2025

BOSTON — Newmark has brokered the $28 million sale of One Bowdoin Square, a 141,831-square-foot office building in downtown Boston. The 11-story building is home to a mix of medical and government tenants, including affiliates of Mass General Brigham and the Commonwealth of Massachusetts. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the undisclosed seller in the transaction. The team also procured the buyer, a partnership between Live Oak Real Estate Investments and Tritower Financial Group. David Douvadjian Sr., Timothy O’Donnell, David Douvadjian Jr., Bobby Alvarado and Conor Reenstierna, also with Newmark, arranged acquisition financing for the deal through Bank of New England.

August 7, 2025

Acquisitions Affordable Housing Multifamily New Jersey Northeast

PRC Acquires 150-Unit Affordable Housing Complex in Paulsboro, New Jersey, Plans Renovation

by Taylor Williams August 7, 2025

PAULSBORO, N.J. — New York-based investment firm PRC has acquired Paulsboro Gardens Apartments, a 150-unit affordable housing complex located outside of Philadelphia in Southern New Jersey. The property comprises 21 low-rise buildings. PRC plans to undertake accessibility upgrades, interior unit renovations and exterior improvements, as well as improve mechanical and utility systems, to extend the property’s affordability status. The seller and sales price were not disclosed.

August 7, 2025

Acquisitions Industrial Massachusetts Northeast

Logistics Property Co. Buys 35,000 SF Industrial Building in Mansfield, Massachusetts

by Taylor Williams August 7, 2025

MANSFIELD, MASS. — Chicago-based investment firm Logistics Property Co. has purchased an industrial building located at 572 West St. in Mansfield, a southern suburb of Boston, that according to LoopNet Inc. totals 35,000 square feet. The building, which was built in 2004, per LoopNet, is located within Cabot Business Park and was fully leased at the time of sale. Tony Coskren of Newmark brokered the deal. The seller and sales price were not disclosed.

August 7, 2025

Acquisitions California Multifamily Walker & Dunlop Western

Gelt Venture Partners Buys 92-Unit Multifamily Community in National City, California

by Amy Works August 7, 2025

NATIONAL CITY, CALIF. — Gelt Venture Partners has acquired The Commodore, an apartment property located at 200-250 E. 31st St. in National City, for $40 million. Built in 2024, The Commodore comprises six three-story buildings offering a total of 92 studio, one- and two-bedroom floor plans with select units featuring two-story and loft-style layouts. At the time of sale, the property was 96 percent occupied. Units feature in-unit washers/dryers, quartz countertops, designer tile backsplashes, wood-style plank flooring, European-style cabinetry, stainless steel appliances and private balconies. Community amenities include a resort-style pool and spa, clubhouse, an outdoor lounge with fire pit, barbecue areas, electric vehicle charging stations, detached garages and an onsite leasing office. Hunter Combs of Walker & Dunlop represented the buyer and undisclosed seller in the deal.

August 7, 2025

Acquisitions Arizona Retail Western

Cohen & Steers, Sterling Organization Acquire 159,000 SF Shopping Center in Metro Phoenix

by Amy Works August 7, 2025

DEER VALLEY, ARIZ. — A joint venture between Cohen & Steers Income Opportunities REIT (CNSREIT) and Sterling Organization has acquired Deer Valley Towne Center, a 159,000-square-foot, open-air shopping center located in the Deer Valley neighborhood of Phoenix. Target shadow anchors the center, which is situated across from Phoenix General Hospital and PetSmart’s corporate headquarters. The property is more than 94 percent leased to tenants including Five Below, Ross Dress For Less, Dollar Tree, PetSmart, Michaels, Jersey Mike’s Subs, Panda Express, Chipotle, Sola Salon Studios, GNC and Bath & Body Works. This transaction marks CNSREIT’s fourth acquisition with Sterling Organization and the sixth open-air shopping center in its portfolio.

August 7, 2025

Acquisitions California Industrial Self-Storage Western

Claremont Cos. Sells 5.3-Acre Self Storage of Vacaville Property in California

by Amy Works August 7, 2025

VACAVILLE, CALIF. — The Claremont Cos. has completed the disposition of Self Storage of Vacaville, a self-storage facility in Vacaville, to Westport Properties for an undisclosed price. Dean Trammell and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller and procured the buyer in the transaction. Tony Solomon of Marcus & Millichap served as broker of record. Situated on 5.3 acres, Self Storage of Vacaville was originally constructed in 2018 and expanded in 2019. The facility features electronic gated entry with a digital keypad, a large institutional-style leasing office with retail, security monitor display with 24/7 video surveillance throughout the facility, concrete driveways and metal roll-up doors.

August 7, 2025

Acquisitions Colorado Office Retail Western

John Propp Commercial Negotiates $2.5M Sale of Office, Retail Property in Castle Rock, Colorado

by Amy Works August 7, 2025

CASTLE ROCK, COLO. — John Propp Commercial Group has arranged the sale of an office and retail building located at 734 Wilcox St. in Castle Rock. Seven34 LLC sold the asset to 2950 West Point Holdings LLC for $2.5 million. The two-story property offers 8,969 square feet of office and retail space, as well as parking. John Propp of John Propp Commercial Group represented the seller, while Andrew Monette of Pinnacle Real Estate represented the buyer. The buyer plans to operate the property as an investment.

August 7, 2025

Acquisitions Midwest Minnesota Retail

Mid-America Brokers Sale of 136,757 SF Shopping Center Near Mayo Clinic in Minnesota

by Kristin Harlow August 7, 2025

ROCHESTER, MINN. — Mid-America Real Estate Corp. has brokered the sale of Broadway Commons, a 136,757-square-foot shopping center in Rochester near the Mayo Clinic. The property is fully leased to Total Wine & More, DSW, Petco, Five Below, Michaels, Famous Footwear and Boot Barn. Kohl’s and Walmart are shadow anchors. Joe Girardi, Emily Gadomski, Amy Senn and Bryce Thompson of Mid-America represented the seller, Epic Real Estate Partners. The buyer and sales price were not provided.

August 7, 2025

Acquisitions Midwest Missouri Multifamily

Bow River Capital Acquires 212-Unit Brookside Commons Multifamily Community in Kansas City

by Kristin Harlow August 7, 2025

KANSAS CITY, MO. — Bow River Capital, a Denver-based alternative asset management firm, has acquired Brookside Commons in Kansas City. Located near the Country Club Plaza, the 212-unit multifamily community was built in 2023. The transaction, which marks Bow Capital’s third multifamily acquisition in the Kansas City market, was completed at more than a 24 percent discount on today’s replacement cost. Berkadia originated acquisition financing through Fannie Mae. The seller and sales price were not provided.

August 7, 2025

Acquisitions Illinois Midwest Restaurant Retail

Boulder Group Arranges $3.3M Sale of Chick-fil-A Ground Lease in Chicago

by Kristin Harlow August 7, 2025

CHICAGO — The Boulder Group has arranged the $3.3 million sale of a single-tenant, net-leased Chick-fil-A property at 11301 S. Corliss Ave. in Chicago. The newly constructed building, which features a drive-thru, is operating under a 15-year ground lease with 10 percent rental escalations every five years and eight five-year renewal options. The property is positioned directly west of I-94 and at the southeast corner of the newly revitalized Pullman Park development. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a real estate developer in Chicago. The buyer was a local private investor. Today, there are nearly 3,000 Chick-fil-A locations across 48 states, Canada and Puerto Rico.

August 7, 2025

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