Acquisitions

Marcus & Millichap Brokers Sale of 164-Unit Apartment Community Near Mississippi State University

by Abby Cox July 18, 2025

STARKVILLE, MISS. — Marcus & Millichap has brokered the sale of The Grove Apartments, a 164-unit community located in Starkville near Mississippi State University. Originally built in 1975, the property is situated on 10 acres and features a mix of one-, two- and three-bedroom floorplans ranging in size from 704 square feet to 1,028 square feet, according to ForRent.com. Amenities include laundry facilities and a dog park, as well as onsite management and maintenance. Josh Jacobs and Lloyd Escue of Marcus & Millichap marketed the property on behalf of the seller, MRKT Capital, and procured the buyer, Emerald City Associates, in the transaction. Mickey Davis was the firm’s broker of record in Mississippi.

July 18, 2025

Acquisitions Indiana Midwest Multifamily

CBRE Arranges Sale of 996-Unit Riverbend Apartments in Indianapolis

by Kristin Harlow July 18, 2025

INDIANAPOLIS — CBRE has arranged the sale of Riverbend Apartments, a 996-unit multifamily property in Indianapolis. Pensam Capital purchased the community from Pepper Pike Capital Partners for an undisclosed price. Located at 8850 River Bend Parkway, the property has undergone more than $20 million in renovations since 2020. Amenities include a pool, fitness center, tennis and basketball courts, a movie theater and golf simulator. Units average 895 square feet. Hannah Ott, George Tikijian, Cam Benz, Claire Hassfurther, Ryan Stockamp and Sean Pingel of CBRE represented the seller.

July 18, 2025

Acquisitions Multifamily Texas

BCRE Acquires 286-Unit Camden Cimarron Apartments in Irving

by Taylor Williams July 17, 2025

IRVING, TEXAS — Boston Capital Real Estate Partners (BCRE) has acquired Camden Cimarron, a 286-unit apartment complex in Irving. Built in 1992, the garden-style property features two- and three-story buildings on an 11-acre site. Units have an average size of 772 square feet and are equipped with individual washers and dryers and private balconies/patios. Amenities include a pool and a fitness center. Joey Tumminello, Michael Ware, Drew Kile, Taylor Hill and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Houston-based REIT Camden Property Trust, in the transaction. The team also procured BCRE as the buyer.

July 17, 2025

Acquisitions Retail Texas

HSM Negotiates Sale of 127,000 SF Shopping Center in Carrollton, Texas

by Taylor Williams July 17, 2025

CARROLLTON, TEXAS — Henry S. Miller Brokerage (HSM) has negotiated the sale of Mills Pointe Shopping Center, a 127,000-square-foot retail property located in the northern Dallas metro of Carrollton. Fitness Connection anchors the center, which according to LoopNet Inc. was built on 16.7 acres in 1985 and is also home to tenants such Mena’s Mexican Restaurant, Quinlan’s Sports Bar and Lin’s Asian Buffet. Darrell Hurmis of HSM represented the seller, HSM Mills Pointe Partners, in the transaction. The buyer and sales price were not disclosed.

July 17, 2025

Acquisitions Office Texas

Buchanan Capital Partners Buys 116,434 SF Office Park in West Austin

by Taylor Williams July 17, 2025

AUSTIN, TEXAS — Locally based investment firm Buchanan Capital Partners has purchased a 116,434-square-foot office park in West Austin. Formerly known as The Escalade Office Park and now known as Westbank Pointe, the property is located at the corner of Loop 360 and Westbank Drive, adjacent to Westlake High School. Buchanan plans to invest about $1 million in capital improvements to Westbank Pointe and has tapped Transwestern to lease the property. The seller was not disclosed.

July 17, 2025

Acquisitions Industrial Texas

Colliers Brokers Sale of 53,375 SF Industrial Building in Southeast Houston

by Taylor Williams July 17, 2025

HOUSTON — Colliers has brokered the sale of a 53,375-square-foot industrial building in southeast Houston. Constructed on 3.7 acres in 2001 and renovated in 2021, the property comprises a 38,375-square-foot office/warehouse and a 15,000-square-foot warehouse, as well as 65 surface parking spots. Tom Condon Jr., Greg Cizik and Edward Edson of Colliers represented the seller in the transaction. Zane Carman of Partners Real Estate represented the buyer. Both parties requested anonymity.

July 17, 2025

Acquisitions California Industrial Self-Storage Western

SecureSpace Self Storage Buys 650-Unit Facility in Fremont, California

by Amy Works July 17, 2025

FREMONT, CALIF. — SecureSpace Self Storage has acquired a 58,713-square-foot self-storage facility, currently managed by Extra Space, in Fremont, from Braintree Group. 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 the broker of record for the deal. Built in 1984 and expanded in 2002, the facility contains five two-story self-storage buildings and five single-story self-storage buildings offering a total of 650 units. The property includes electronic gated entry with a digital keypad, a spacious leasing office with retail and security monitor display, 24/7 video surveillance, concrete driveways and two lifts providing access to upper-level units.

July 17, 2025

Acquisitions Office Oregon Western

Norris & Stevens Arranges $5.7M Sale of Capitol Park Office Building in Portland

by Amy Works July 17, 2025

PORTLAND, ORE. — Norris & Stevens has arranged the acquisition of Capitol Park, an office property located at 9700 S.W. Capitol Highway in Portland. 9700 SW Capitol LLC purchased the building from an undisclosed seller for $5.7 million. Constructed in 1983 and renovated in 1993, the two-story, 29,000-square-foot building features a recently remodeled lobby and bathrooms, a new roof and an outdoor dining area for tenants. Raymond Duchek and Thomas McDowell of Portland-based Norris & Stevens represented the buyer, while Steve Bowers and Sean McCarthy of Kidder Mathews represented the seller in the deal.

July 17, 2025

Acquisitions Connecticut Multifamily Northeast

JLL Brokers Sale of 192-Unit Apartment Complex in Danbury, Connecticut

by Taylor Williams July 17, 2025

DANBURY, CONN. — JLL has brokered the sale of a 192-unit apartment complex in Danbury, located along the Connecticut-New York border. Built in 1971, ReNew Danbury is a garden-style complex that offers studios, one-, two- and three-bedroom units with an average size of 988 square feet. Amenities include a pool, playground, clubhouse with a theater, game room, coffee bar and a fitness center. Steve Simonelli, Jose Cruz, Michael Oliver, Elizabeth DeVesty, Ryan Roberston, Austin Pierce and Jeremy Weinstock of JLL represented the seller, San Francisco-based investment firm FPA Multifamily, in the transaction. The buyer was private equity real estate firm Jones Street Investment Partners.

July 17, 2025

Acquisitions Multifamily New Jersey Northeast

Berkadia Negotiates Sale of 156-Unit Multifamily Portfolio in Central New Jersey

by Taylor Williams July 17, 2025

SOMERVILLE AND NEW BRUNSWICK, N.J. — Berkadia has negotiated the sale of a portfolio of two multifamily properties totaling 156 units in Central New Jersey. The Lexington & Jefferson Apartments in Somerville was built in the 1960s and totals 118 units in one-, two- and three-bedroom floor plans. Century Apartments in New Brunswick was completed in 1969 and totals 38 units in studio, one- and two-bedroom floor plans. Nat Gambuzza and Trevor Fiebel of Berkadia represented the seller and procured both New Jersey-based buyers in the transaction. All parties requested anonymity. Berkadia also arranged acquisition financing for Lexington & Jefferson Apartments.

July 17, 2025

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