Tuesday, July 22, 2025
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Acquisitions

AcquisitionsIndianaMidwestMultifamily

CBRE Negotiates Sale of 218-Unit Apartment Complex in Greenwood, Indiana

by Kristin Harlow

GREENWOOD, IND. — CBRE has negotiated the sale of The Hangar on Emerson in Greenwood, a southern suburb of Indianapolis. The sales price was undisclosed. Built in 2023 and located at 1140 Emerson Pointe Drive, the 218-unit apartment complex features a range of one-, two- and three-bedroom floor plans averaging 1,006 square feet. Amenities include a resort-style swimming pool, courtyards, a clubhouse, fitness center, yoga room and pet park. CBRE’s Hannah Ott, George Tikijian, Cam Benz, Claire Bullard and Ryan Stockamp represented the seller, The Garrett Cos. Railfield Partners was the buyer.

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AcquisitionsIllinoisMidwestMultifamily

Eastham Capital, Bender Cos. Acquire 110-Unit Brix on Morse Multifamily Building in Chicago for $16.8M

by Kristin Harlow

CHICAGO — Eastham Capital and Bender Cos. have partnered to acquire Brix on Morse, a 110-unit multifamily building in Chicago, for $16.8 million. Eastham has invested in the deal through its current fund, Eastham Capital Fund VI LP. Bender will oversee the day-to-day management. Andy Friedman, Jake Parker and Danny Logarakis of Kiser Group brokered the transaction. Brix on Morse was 97 percent occupied at the time of sale with average rents of just over $1,350 per month. The acquisition includes a renovation budget of $1.2 million for exterior upgrades to landscaping, painting and parking lots as well as a light interior refresh. Constructed in 1969, the property features 48 studios, 42 one-bedroom units and 20 two-bedroom apartments ranging from 663 to 993 square feet. Amenities include a fitness center, bike storage and fire pit with barbecue stations.

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AcquisitionsIllinoisMidwest

SVN Chicago Commercial Brokers $5.4M Sale of Synagogue Facility in Wilmette, Illinois

by Kristin Harlow

WILMETTE, ILL. — SVN Chicago Commercial has brokered the $5.4 million sale of a synagogue facility located at 3220 Big Tree Lane in the Chicago suburb of Wilmette. The property has been home to the Beth Hillel Congregation Bnai Emunah (BHBE) for over 60 years. Wayne Caplan of SVN represented the nonprofit seller. Larry Serota of Transwestern represented the buyer, the Wilmette Park District, which plans future expansion purposes at the property. The transaction includes a lease-back of the facility by BHBE for roughly a year and a half. Caplan is also representing BHBE in its search for a new home in the area.

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Desert-Club-Phoenix-AZ
AcquisitionsArizonaMultifamilyWestern

Clarion Sells Desert Club Multifamily Property in Phoenix to Weidner Apartment Homes for $187.5M

by Amy Works

PHOENIX — Clarion Partners has completed the sale of Desert Club, an apartment community in Phoenix, to Weidner Apartment Homes for $187.5 million, or $377,264 per unit. Built in 2004 on 21 acres, Desert Club features 497 apartments averaging 983 square feet in size. Units feature open-concept floor plans, 9-foot ceilings and arched entryways. Community amenities include a heated, resort-style swimming pool and spa. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.

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4690-Florence-St-Denver-CO
AcquisitionsColoradoIndustrialWestern

Hercules Industries Buys 100,175 SF Industrial Asset in Denver

by Amy Works

DENVER — Hercules Industries has acquired a 100,175-square-foot industrial property located within Stapleton Business Center in Denver from Anchorage-based Pacific Acquisitions for an undisclosed price. Situated on 5 acres at 4690 Florence St., the property features 84,000 square feet of 30-foot clear warehouse space, 16,000 square feet of office space and ESFR sprinklers, as well as functional loading and parking. The locally based manufacturer and distributor of HVAC products will use the Class A asset to support operations for a new business line. Mike Wafer Jr. and Mike Wafer of Newmark represented the buyer in the deal, while Jim Bolt of CBRE represented the seller.

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CentrePointe-Greens-Apts-Everett-WA
AcquisitionsMultifamilyWashingtonWestern

CBRE Facilitates Sale of 186-Unit CentrePointe Greens Apartment Community in Everett, Washington

by Amy Works

EVERETT, WASH. — CBRE has arranged the sale of CentrePointe Green, a multifamily property in Everett. Terms of the transaction were not released. Eli Hanacek, Mark Washington and Kyle Yamamoto of CBRE represented the undisclosed seller in the deal. Located about 28 miles north of Seattle at 8600 18th Ave. W, CentrePointe Greens offers 186 one-, two- and three-bedroom apartments averaging 835 square feet in size. Community amenities include a renovated fitness center, clubhouse, an indoor pool and spa, a playground and a dog park. The property was built in 1990.

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6200-Northwest-Parkway-San-Antonio
AcquisitionsHealthcareOfficeTexas

University Health Acquires 142,500 SF Office Building in Northwest San Antonio

by Taylor Williams

SAN ANTONIO — University Health has acquired a 142,500-square-foot office building in northwest San Antonio. According to LoopNet Inc., the property at 6200 Northwest Parkway was built in 2000 and includes 963 parking spaces. Russell Noll and Kelly Ralston of Transwestern represented the seller, Sentinel Net Lease LLC, in the transaction. Chad Gunter, also with Transwestern, represented University Health, which plans to utilize the property to expands its administrative and back-office operations. The healthcare provider operates two teaching hospitals and multiple outpatient clinics in the San Antonio area.

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AcquisitionsLife SciencesTexas

Ascension Advisory Arranges Sale-Leaseback of 59,720 SF Life Sciences Facility in Webster, Texas

by Taylor Williams

WEBSTER, TEXAS — Ascension Advisory has arranged the sale-leaseback of a 59,720-square-foot life sciences facility in Webster, a southeastern suburb of Houston. The property was originally built in 1984. The acquisition of the facility comes as part of the buyer, mission-critical materials and chemicals manufacturer VION Biosciences, purchasing both the business operations and physical real estate of the tenant, Ansh Labs, including the Webster facility. The sales price and lease details were not disclosed.

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AcquisitionsIndustrialTexas

Bradford Negotiates Sale of 13,465 SF Industrial Building in Northeast Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 13,465-square-foot industrial building in northeast Fort Worth. According to LoopNet Inc., the single-tenant building at 7200 Midway Drive was constructed on 3.8 acres in 1986 and features 16-foot clear heights. Chris Wong of Bradford represented the seller, an entity doing business as RBE Midway LLC, in the transaction. Doc Perrier of Outpost Partners represented the buyer, Regis Berkeley A&R Properties LLC.

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AcquisitionsIndustrialNew JerseyNortheast

JLL Arranges $13.6M Acquisition Loan for Industrial Outdoor Storage Facility Near Trenton

by Taylor Williams

NEW BRUNSWICK, N.J. — JLL has arranged a $13.6 million acquisition loan for a 35,800-square-foot industrial outdoor storage facility located outside of Trenton in New Brunswick. The site spans 6.4 acres and houses three buildings totaling 10,300, 19,500 and 9,000 square feet. Buildings feature 24- to 28-foot clear heights and a combined 26 dock positions. Michael Klein, Max Custer and Benjamin Morgenthal of JLL arranged the three-year, floating-rate loan through Byline Bank on behalf of the borrower, regional investment firm Ridgecut Road.

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