WESTBOROUGH, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the $10 million sale of 9 West Plaza, a 35,371-square-foot neighborhood retail center in Westborough, about 30 miles west of Boston. The center is home to tenants such as Dollar Tree, Chipotle Mexican Grill, PetMedic, Jersey Mike’s, FedEx and Smileland Pediatric Dentistry. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital represented the seller in the transaction. Will Kelleher of Kelleher Sadowsky represented the buyer. Both parties requested anonymity.
WOBURN, MASS. — CBRE has brokered the sale of a 76,701-square-foot medical office building in Woburn, located north of Boston. Winchester Hospital anchors the outpatient building, which is known as 200 Unicorn Park, and Excel Orthopedic Specialists occupies the remaining space. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin, Corra John, Scott Dragos and Josh Kulak of CBRE represented the undisclosed seller in the transaction. The buyer was Boston-based Sendero Capital.
KENT, WASH. — San Diego-based MG Properties has purchased Dockside Apartments, a multifamily community situated within Lakes at Kent master-planned community in Kent. Terms of the acquisition were not released. The transaction marks MG Properties’ 11th acquisition in the Seattle metropolitan area. Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper of CBRE represented the undisclosed seller in the deal. Troy Tegeler and Trevor Breaux of CBRE Capital Markets arranged financing for the acquisition. Dockside Apartments offers 344 one-, two- and three-bedroom units with modern interiors, open-concept layouts and private outdoor spaces. Community amenities include a resort-style swimming pool, three-level fitness center, clubhouse with lounge and kitchen, outdoor grilling areas and a pet park.
BURIEN, WASH. — CBRE has negotiated the sale of Seattle Gateway I and II, two Class A logistics facilities in Burien. Totaling 458,707 square feet, the assets are located at 14237 Des Moines Way South and 1021 S. 146th St. The property is located directly north of SeaTac International Airport and offers immediate access to state routes 518 and 509. Constructed in 2018 by Panattoni, the facilities feature flexible suite configurations for tenants ranging from 50,000 square feet to 250,000 square feet, 30- to 36-foot clear heights, ESFR sprinklers, LED lighting, 1,200 to 2,000 amps of power, 86 dock-high doors and 130- to 233-foot truck courts. At the time of sale, the portfolio was fully leased to four tenants. Brett Hartzell and Chris Reeves of CBRE represented the seller in the deal. Terms of the transaction were not disclosed.
RIALTO, CALIF. — NewMark Merrill Cos. has sold Rialto Village, a 92,000-square-foot shopping center located in the Inland Empire city of Rialto. NewMark Merrill, which developed and constructed the center, will continue to manage the property on behalf of the buyer, Langdon Street Capital. Chris Renard of Commercial Realty Consultants arranged acquisition financing for the deal. Reza Etedali, Ramez Barsoum and Aaron Bettencourt of REZA Investment Group represented NewMark Merrill and Langdon Street Capital, while Sandy Sigal, James Patton, Brad Pearl and Sandra Kist of NewMark Merrill oversaw the transaction. Sprouts Farmers Market anchors Rialto Village, which was fully leased at the time of sale. Other tenants at the property include Burlington, Ulta Beauty, Five Below, In-N-Out Burger, Coffee Bean, Cold Stone Creamery, Nekter Juice Bar, Sharetea, The Joint Chiropractic, Ahipoki Bowl, Arrowhead Credit Union, Taquería 2 Potrillos and Mattress Firm.
SANTA BARBARA, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a three-story medical office building in downtown Santa Barbara. Greenbridge Investment Partners, led by Sean Hashem and Fareed Kanani, doing business as Greenbridge Medical Center LLC, sold the asset to a California-based corporation for $21.3 million, or $970 per square foot. University of California Los Angeles (UCLA) occupies the 21,970-square-foot property on a triple-net lease. Built in 2007 and renovated in 2023, the building is home to UCLA Health Santa Barbara’s oncology, primary and specialty care services, including internal medicine, family medicine and rheumatology. Building amenities include ground-level parking, patios throughout and a rooftop terrace. Mark DeGiorgio, Tom Lagos and Andrew Defends of IPA represented the seller in the deal.
CORVALLIS, ORE. — Article Student Living has acquired Santana Court, a 95-bed student housing community located adjacent to the Oregon State University campus in Corvallis. The property offers units in studio, one- and two-bedroom configurations. The site is entitled for future development of up to 650 beds. The seller and terms of the transaction were not released. McNair Collegiate Partners consulted on the acquisition.
NILES, ILL. — KPR Centers has acquired Pointe Plaza, a nearly 195,000-square-foot, grocery-anchored shopping center in the Chicago suburb of Niles, for $40 million. Built in 1999, the property is approximately 94 percent leased and anchored by Fresh Farms, Ross Dress for Less, dd’s Discounts and Daiso in addition to more than 20 retailers and restaurants. The asset is shadow-anchored by Walmart, which was not part of the acquisition. CBRE’s Richard Frolik, Christian Williams and George Good represented the undisclosed seller. KPR now owns and self-manages more than 10 million square feet of retail space in 20 states.
DOWNERS GROVE, ILL. — Greenstone Partners has brokered the $6.2 million sale of a multi-tenant flex industrial building in the Chicago suburb of Downers Grove. Located in DuPage County near I-88 and I-355, the property traded for $128 per square foot. The asset is fully leased to tenants such as LPMS USA, BTI Communications Group, Affiliated Customer Service Inc. and Advocate Home Health Services. Advocate and Affiliated have occupied the property for more than 25 years and together represent 50 percent of the building’s square footage. The property’s weighted average lease term is five years. Ownership has invested more than $770,000 in capital improvements since 2020, including a full roof replacement, parking lot milling and repaving, tuckpointing, regrading, landscaping upgrades, new paint and several new HVAC units. Jason St. John of Greenstone represented the seller, a locally based investment partnership, and procured the buyer, an East Coast-based investment group. The asset sold for 98 percent of the list price.
ANTIOCH, ILL. — The Boulder Group has brokered the $2.5 million sale of a single-tenant retail property occupied by Starbucks in Antioch. The 2,540-square-foot building is located at 1051 Route 59. Neighboring retailers include Jewel-Osco, Ace Hardware, CVS Pharmacy, PNC Bank and Advance Auto Parts. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based real estate firm, and the buyer, a partnership based in Washington.