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Acquisitions

AcquisitionsMississippiSoutheastStudent Housing

TSB Realty Brokers Sale of 802-Bed Student Housing Community Near Mississippi State University

by John Nelson

STARKVILLE, MISS. — TSB Realty has brokered the sale of HELiX Starkville, an 802-bed student housing community located near the Mississippi State University (MSU) campus in Starkville. Columbus Pacific sold the property to a joint venture between Pumphouse Residential Group and WeldenField for an undisclosed price. SPM, an affiliate of PRG and WeldenField, will provide comprehensive property and construction management services for the community. Delivered in 2016, HELiX Starkville offers fully furnished units in a mix of one-, two- and four-bedroom floorplans on the southeastern edge of the MSU campus. Amenities include a two-story fitness center, resort-style pool, clubhouse with billiards, study enclaves and community TVs, tanning, gaming and coffee lounges and an outdoor grilling area. The property was 95 percent occupied at the time of sale.

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AcquisitionsCaliforniaMixed-UseMultifamilyOfficeWestern

Manova Partners Buys Parallel on Fourth Mixed-Use Property in San Mateo, California

by Amy Works

SAN MATEO, CALIF. — Manova Partners has acquired Parallel on Fourth, a mixed-use property in downtown San Mateo. Terms of the transaction were not disclosed. Located at 405 E. 4th Ave., the property offers 15 residential units above 62,338 square feet of office space and two levels of subterranean parking. Verkada, a provider of cloud-based security and operating systems, fully occupies the office space and master leases 13 of the residential units. The remaining units are offered at below market-rate rents. Eric Ramm of Manova negotiated the transaction on behalf of Manova Partners. Will Connors and Adam Lasoff of JLL Capital Markets represented the seller in the deal.

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AcquisitionsMultifamilyWashingtonWestern

Investors Management Group Sells 179-Unit Foster Creek Apartments in Tukwila, Washington

by Amy Works

TUKWILA, WASH. — Investors Management Group (IMG) has completed the disposition of Foster Creek Apartments, a multifamily property in Tukwila. Terms of the transaction were not released. Located at 15110 Macadam Road South, Foster Creek Apartments features 179 units. IMG directed a $3.7 million capital improvement program, including remodeling the leasing office, adding a fitness center, resurfacing the parking areas, new roofs and remodeling unit interiors. The property was originally built in phases between 1968 and 1978. Ben Johnson and David Sorensen of Berkadia Seattle represented IMG in the transaction.

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AcquisitionsArizonaOfficeWestern

Commercial Retail Advisors Brokers Sale of Oracle Gateway Office Building in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Commercial Retail Advisors has arranged the sale of Oracle Gateway, an office property at 3870 N. Oracle Road in Tucson. Spotted Fawn LLC acquired the asset from 3838 Oracle Plaza Joint Venture LLC for an undisclosed price. The two-story, 22,901-square-foot building was vacant at the time of sale. Craig Finfrock of Commercial Retail Advisors represented the seller, while the buyer was self-represented in the transaction. Ten-X facilitated the auction sale. Commercial Retail Advisors will represent Spotted Fawn LLC in the leasing of the property.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Arranges $2.6M Sale of Multifamily Property in Cicero, Illinois

by Kristin Harlow

CICERO, ILL. — Interra Realty has arranged the $2.6 million sale of a 24-unit property in the Chicago suburb of Cicero. Constructed in 1918, the asset features 22 two-bedroom apartment units and two retail spaces. Of the total apartment units, 14 are duplexes. Michael Duckler, Patrick Kennelly, Paul Waterloo and Nathan Zito of Interra represented the confidential buyer and seller. The transaction marks Cicero’s largest so far in 2025 by total dollar amount and unit count, according to data from CoStar.

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AcquisitionsIndustrialMidwestWisconsin

NAI Pfefferle Negotiates Sale of 25,269 SF Industrial Facility in Menasha, Wisconsin

by Kristin Harlow

MENASHA, WIS. — NAI Pfefferle has negotiated the sale of a 25,269-square-foot industrial facility located at 1725 Racine Road in Menasha near Appleton. The sales price was not disclosed, but the asking price was $1.7 million. Teresa Knuth of NAI Pfefferle brokered the transaction. Buyer and seller information was not released.

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AcquisitionsIllinoisMidwestOffice

AXIS 360 Brokers $1.5M Sale of Office Building in Bloomington, Illinois

by Kristin Harlow

BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the $1.5 million sale of a 13,840-square-foot office building located at 421 Detroit Drive in Bloomington. The buyer, Wilber Group, is an insurance subrogation and claims recovery services provider. The property will serve as Wilber’s third campus in the Bloomington-Normal area. Laura Pritts of AXIS 360 represented the undisclosed seller, while Meghan O’Neal-Rogozinski of AXIS 360 represented Wilber.

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AcquisitionsMultifamilyTexas

TMG Negotiates Sale of 41-Unit Willow Park Apartments in Abilene, Texas

by Taylor Williams

ABILENE, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Willow Park, a 41-unit apartment complex located in the West Texas city of Abilene that was built in 1973. According to Apartments.com, the property offers one- and two-bedroom units with average sizes of 645 and 864 square feet, respectively. The buyer and seller were not disclosed.

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AcquisitionsRetailTexas

NewQuest Arranges Sale of 33,060 SF Shopping Center in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Local investment and brokerage firm NewQuest has arranged the sale of Spring Park Village, a 33,060-square-foot shopping center located on the northern outskirts of Houston. Tenants include Boot Barn, Spring Park Dentistry and Jack Vape & Smoke. Dakota Workman of NewQuest represented the seller in the transaction. Marc Peeler of Partners Real Estate represented the buyer. Both parties were limited liability companies.

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AcquisitionsIndustrialTexas

Finial Group Buys 14,520 SF Industrial Building in West Dallas

by Taylor Williams

DALLAS — Houston-based brokerage and investment firm Finial Group has purchased a 14,520-square-foot industrial building in West Dallas. The single-tenant building sits on 1.6 acres at 2150 Lone Star Drive, features 2,000 square feet of office space and is occupied by Lone Star Flower Market. Grant Gibson, Jason Gibbons and Jack Gaffney led the transaction for Finial Group. The seller and sales price were not disclosed.

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