Acquisitions

Northmarq Arranges Sale of Ellingson Crossing Retail Center in Auburn, Washington

by Amy Works July 28, 2025

AUBURN, WASH. — Northmarq has arranged the sale of Ellingson Crossing, a 15,270-square-foot retail center located within the Auburn/Kent Valley Industrial District, roughly 20 miles south of Seattle. Starbucks Coffee anchors the property, which was originally built in 2007. Tenants at the center include Wingstop, Domino’s Pizza, Taco Time, American Family Insurance and You First Dental Care. Sean Tufts, Kevin Adatto and Joe Dugoni of Northmarq’s Pacific Northwest Commercial Investment Sales team represented the local private seller in the transaction. New York City-based Curbline Properties was the buyer.

July 28, 2025

Acquisitions Colorado Industrial Western

Malman Real Estate Brokers Sale of 31,140 SF Industrial Building in Denver

by Amy Works July 28, 2025

DENVER — Malman Real Estate has arranged the purchase of an industrial property located at 4995 Olive St. in Denver. Olive HQ LLC acquired the asset from Appleman LLC for $2.7 million. Jake Malman of Malman Real Estate represented the buyer, while Russell Gruber of Gruber Commercial Real Estate represented the seller in the deal.

July 28, 2025

Acquisitions Michigan Midwest Retail

Mid-America Brokers Sale of 151,121 SF Fairlane North Shopping Center in Dearborn, Michigan

by Kristin Harlow July 28, 2025

DEARBORN, MICH. — Mid-America Real Estate Corp. has brokered the sale of Fairlane North, a 151,121-square-foot shopping center in Dearborn. Dabaja Brothers Development Group, a metro Detroit-based company, was the buyer. The asset will be rebranded as Dabaja Fairlane North Properties. The center is fully leased to Value City Furniture, Crunch Fitness, Forman Mills, Happy’s Outlet and Verizon. Shadow anchors include Walmart, The Home Depot and Launch Family Entertainment. Ben Wineman, Eric Geskermann, Daniel Stern and Tony Schmitt of Mid-America represented the seller, a private investment group. Ali Charara of Century 21 Curran & Oberski represented the buyer. The transaction represents the final component in the disposition of Fairlane North, as Mid-America previously represented the seller in the sales of the Launch and Home Depot parcels.

July 28, 2025

Acquisitions Indiana Midwest Multifamily

Piping Rock Partners Sells Fox Pointe Apartments in Columbus, Indiana for $13.8M

by Kristin Harlow July 28, 2025

COLUMBUS, IND. — Piping Rock Partners, a San Francisco-based investment firm focused on value-add multifamily real estate in the Midwest, has sold Fox Pointe Apartments in Columbus for $13.8 million. CBRE represented the seller and buyer, an affiliate of Equity Property Management LLC. Piping Rock purchased the 120-unit multifamily property in 2010 for $4.7 million and invested more than $1 million in renovations, including a fully remodeled clubhouse, new roofing and siding, and interior upgrades such as new appliances, cabinetry, countertops, flooring and lighting.

July 28, 2025

Acquisitions Illinois Industrial Midwest

Venture One Purchases 145,500 SF Industrial Building in Chicago

by Kristin Harlow July 28, 2025

CHICAGO — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has purchased a 145,500-square-foot industrial building located at 11264 Corliss Ave. in Chicago. The single-tenant property was fully leased at the time of sale. Situated in the Pullman Industrial Park, the facility offers direct access to I-94 via 111th Street. Constructed in 1977, the asset features a clear height of 22 feet, 10 docks, two drive-in doors and parking for more than 129 cars. Mike Wilson, Erik Foster and Brian Colson of Avison Young represented the undisclosed seller. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

July 28, 2025

Acquisitions Loans Multifamily New York Northeast Top Stories

JLL Brokers $243.5M Sale of Midtown Manhattan Apartment Tower

by Taylor Williams July 28, 2025

NEW YORK CITY — JLL has brokered the $243.5 million sale of Riverbank, a 44-story apartment tower located at 560 W. 43rd St. in Midtown Manhattan. Barings sold the freshly renovated property to an undisclosed institutional investment firm, with JLL representing both parties in the transaction. JLL also arranged $128.3 million in acquisition financing for the deal. The direct lender and specific loan terms were not disclosed. Originally developed in the late 1980s as a condominium project, Riverbank currently houses 418 rental units comprising 43 studios, 270 one-bedroom units, 62 two-bedroom apartments and 43 three-bedroom residences. The high-rise also features nearly 18,000 square feet of retail space that is fully leased to a nail salon, liquor store and coffee shop. Most of Riverbank’s units have private balconies with city and Hudson River views, and residents have access to a 5,000-square-foot lounge called the Harbor Club that offers poker and billiards tables, a media room and coworking space. Additional amenities include an Olympic-size pool, fitness center, outdoor terrace and grilling stations. Jeffrey Julien, Rob Hinckley, Andrew Scandalios, Steven Rutman and Devon Warren led the JLL Capital Markets team that handled the sale of Riverbank. Kelly Gaines, Geoff Goldstein and Michael Shmuely …

July 28, 2025

Acquisitions California Multifamily Western

Concord Capital Partners Buys The Park Wilshire Apartments in Los Angeles

by Amy Works July 25, 2025

LOS ANGELES — Concord Capital Partners has acquired The Park Wilshire, a multifamily building in Los Angeles’ Wilshire corridor. Kitty Wallace and Simmi Dhillon of Colliers represented the institutional seller and the buyer in the deal. The sale included an adjacent 14,002-square-foot parking lot. Originally constructed as a hotel, The Park Wilshire offers 170 apartments and a variety of amenities.

July 25, 2025

Acquisitions California Loans Multifamily Western

Northmarq Brokers $33.5M Sale of Multifamily Property in Glendale, California

by Amy Works July 25, 2025

GLENDALE, CALIF. — Northmarq has brokered the sale and financing of TENTEN Glendale, a mid-rise apartment community at 111 N. Louise St. in Glendale. Amidi Group sold the asset to Regent Properties for $33.5 million. Built in 2019, TENTEN Glendale features 66 studio, one- and two-bedroom apartments with floor-to-ceiling windows, stainless steel appliances, in-home washer/dryers and quartz countertops. Community amenities include a rooftop pool and spa, a fitness center, business center and onsite office/retail space. Northmarq also arranged a $22.7 million bridge loan for the buyer, Regent Properties, through a correspondent relationship with a life insurance company. The transaction was structured on an initial two-year term with three one-year extension options. Vince Norris, Jim Fisher, Mike Smith and Tommy Yates of Northmarq’s Multifamily Investment Sales team represented the seller and secured the buyer in the deal. Joe Giordani, Brendan Golding and Scott Botsford of Northmarq’s Debt + Equity team arranged the financing for the buyer.

July 25, 2025

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 307-Unit Self-Storage Facility in Conroe, Texas

by Taylor Williams July 25, 2025

CONROE, TEXAS — Marcus & Millichap has brokered the sale of Cool Spaces Storage, a 307-unit self-storage facility located about 40 miles north of Houston in Conroe. The property consists of eight single-story buildings on a 12-acre site that were constructed in 2021. Of the facility’s 71,520 net rentable square feet (NRSF) of space, there is 33,600 NRSF of climate-controlled space, 2,500 NRSF of non-climate-controlled space and 35,420 NRSF of RV and boat storage space. Dave Knobler, Mixson Staffel and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based developer, in the transaction. The buyer was also not disclosed.

July 25, 2025

Acquisitions Colorado Retail Western

Thrive Preschool Acquires 12,014 SF School Building in Commerce City, Colorado

by Amy Works July 25, 2025

COMMERCE CITY, COLO. — Thrive Preschool has purchased a school property, located at 10000 Chambers Road in Commerce City, for $3.5 million. The 12,014-square-foot property features modern classroom layouts, a fully fenced outdoor play area and ample parking. Thrive Preschool will open enrollment for the new location this fall. Kyle Moyer, Elizabeth Morgan and Cody Stambaugh of Pinnacle Real Estate Advisors represented the buyer in the deal.

July 25, 2025

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