Acquisitions

Graham Street Realty Sells 57,174 SF Flex Industrial Property in Petaluma, California

by Amy Works March 10, 2025

PETALUMA, CALIF. — Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has completed the disposition of The Redwoods, a flex industrial asset in Petaluma. Terms of the transaction were not released. Built in 1988, The Redwoods features nine units totaling 57,174 square feet. At the time of sale, the property was 94 percent occupied. Surrounded by mature Redwood trees, the asset features 204 parking spaces, five grade-level roll-up doors and clear heights ranging from 17.5 feet to 25 feet. Paramount Property Co., an Oakland, Calif.-based GSR affiliate, managed The Redwoods during GSR’s ownership.

March 10, 2025

Acquisitions Arizona Office Western

SAFME Holdings Acquires 10,000 SF Office Space in Tucson, Arizona for $2.3M

by Amy Works March 10, 2025

TUCSON, ARIZ. — SAFME Holdings LLC has purchased 10,000 square feet of office space at 1575 E. River Road in Tucson from Rabb Investments LLC for $2.3 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Kyle Kilgore of NAI Horizon, Tucson, represented the buyer.

March 10, 2025

Acquisitions Arizona Industrial Western

Wane Investments Buys 21,518 SF Industrial Building in Tucson, Arizona for $2.1M

by Amy Works March 10, 2025

TUCSON, ARIZ. — Wane Investments LLC has purchased an industrial building located at 990 S. Cherry Ave. in Tucson from Gould Family Properties VIII for $2.1 million. Paul Hooker of Cushman & Wakefield | PICOR represented the seller, while Christopher McClurg and Michael Giuliano of Lee & Associates represented the buyer in the transaction.

March 10, 2025

Acquisitions Colorado Retail Western

Malman Real Estate Brokers Sale of Honey Baked Ham-Occupied Property in Westminster, Colorado for $1.5M

by Amy Works March 10, 2025

WESTMINSTER, COLO. — Malman Real Estate has arranged the acquisition of a building located at 8900 Wadsworth Blvd. in Westminster for $1.5 million. Honey Baked Ham Co. occupies the 3,880-square-foot property. Jake Malman of Malman Real Estate represented the buyer, Ramarko LLC, a Michigan limited liability, while Matt Henricks of CBRE represented the seller, TC Brookhill RLLP, in the deal.

March 10, 2025

Acquisitions Industrial Midwest Wisconsin

Zilber Property Group Buys Four Industrial Buildings Totaling 385,000 SF in Southeast Wisconsin

by Kristin Harlow March 10, 2025

NEW BERLIN AND FRANKLIN, WIS. — Zilber Property Group (ZPG) has acquired a four-building industrial portfolio totaling 385,000 square feet in Southeast Wisconsin for an undisclosed price. Located in New Berlin and Franklin, the properties range in size from 80,000 to 125,000 square feet. The buildings are fully leased to eight tenants engaged in manufacturing, warehousing, distribution and logistics. Each property is situated in an established business park with essential infrastructure and access to major transportation systems.

March 10, 2025

Acquisitions Industrial Texas

CanTex Capital Buys 230,292 SF Industrial Property in Fort Worth

by Taylor Williams March 10, 2025

FORT WORTH, TEXAS — Dallas-based investment firm CanTex Capital has purchased a 230,292-square-foot industrial property in Fort Worth. The property at 7901 South Freeway is located on the city’s south side and functions as a manufacturing facility. According to LoopNet Inc., the single-tenant facility sits on 20 acres and features roughly 26-foot clear heights, 19 dock-high loading doors and six grade-level drive-in doors. Todd Hubbard of NAI Robert Lynn represented CanTex, which plans to make capital improvements to the property, in the transaction. The seller and sales price were not disclosed.

March 10, 2025

Acquisitions New York Northeast Office

Savanna Acquires Manhattan Office Building for $85M

by Taylor Williams March 10, 2025

NEW YORK CITY — Locally based investment and development firm Savanna has acquired a 95,000-square-foot office building in the Meatpacking District of Lower Manhattan for $85 million. The building at 430 W. 15th St. rises eight stories and includes 8,000 square feet of outdoor terrace space following a renovation in 2015. Will Silverman, Alana Bassen, Gary Philips and Jeff Organisciak of Eastdil Secured represented the undisclosed seller in the transaction. Adam Kopald of law firm Goodwin Procter acted on behalf of Savanna. The building was fully leased at the time of sale.

March 10, 2025

Acquisitions Company News Illinois Midwest New York Northeast Top Stories

Sycamore Partners Agrees to Acquire, Privatize Drugstore Giant Walgreens in Multibillion-Dollar Deal

by Channing Hamilton March 7, 2025

DEERFIELD, ILL. AND NEW YORK CITY — Walgreens Boots Alliance (Nasdaq: WBA) has entered into a definitive agreement to be acquired by an entity affiliated with private equity firm Sycamore Partners. The total value of the transaction is $23.7 billion, according to WBA, including an equity value of $10 billion, as well as debt, capital leases and potential future payouts from the opioid and Everly Health Solutions COVID-19 testing settlements. Upon completion of the transaction, which is expected to close in the fourth quarter of 2025, WBA common stock will be delisted from the Nasdaq Stock Market. WBA will continue to operate as a private company under Walgreens, Boots and its portfolio of consumer brands, and also will maintain its headquarters in Deerfield. The per-share price is valued at $11.45, which represents a premium of up to 63 percent over the WBA closing share price of $8.85 on Dec. 9, 2024, the day before reports came out about a potential sale. Under the terms of the agreement, WBA shareholders will also receive one non-transferable divested asset proceed right (i.e. DAP right) to receive up to $3.00 per WBA share from the future monetization of WBA’s debt and equity interests in …

March 7, 2025

Acquisitions Office Texas

Colliers Brokers Sale of 135,641 SF Office Building in Houston

by Taylor Williams March 7, 2025

HOUSTON — Colliers has brokered the sale of a 135,641-square-foot office building in the Uptown/Galleria area of Houston. According to LoopNet Inc., the eight-story building at 675 Bering Drive was originally constructed in 1982 and renovated in 1999. David Carter of Colliers represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The building was 76 percent leased at the time of sale. The sales price was also not disclosed.

March 7, 2025

Acquisitions Hospitality Texas

Marcus & Millichap Arranges Sale of 96-Room Hotel in Lewisville, Texas

by Taylor Williams March 7, 2025

LEWISVILLE, TEXAS — Marcus & Millichap has arranged the sale of a 96-room hotel in the northern Dallas suburb of Lewisville. The Homewood Suites by Hilton Dallas-Lewisville was built in 1995 and renovated in 2008. Amenities include a pool, fitness center and two meeting/event spaces. Chris Gomes and Skyler Cooper of Marcus & Millichap represented the seller, Brandy Lodging LLC, in the transaction. The duo, in conjunction with Allan Miller of Marcus & Millichap, also procured the buyer, Centerpoint Hospitality.

March 7, 2025

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