Wednesday, July 23, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsHospitalityIllinoisMidwest

Sterling Bay, Wheelock Street Capital Sell 200-Room Hyatt House Hotel in Chicago

by Kristin Harlow

CHICAGO — Sterling Bay and Wheelock Street Capital have sold the Hyatt House Chicago/West Loop-Fulton Market hotel for an undisclosed price. Located at 105 N. May St. in the Fulton Market district, the 200-room extended-stay property includes 5,224 square feet of retail space on the ground floor that is now fully leased to The Original Pancake House. The breakfast restaurant plans to open in late spring or early summer 2025. Sterling Bay and Wheelock completed development of the hotel in 2019. Amenities at the property, designed by Eckenhoff Saunders Architects, include an indoor rooftop pool, sky deck, fitness center and full-service lobby bar. Columbus, Ohio-based Rockbridge Capital was the buyer, according to Crain’s Chicago Business.

Continue Reading
FacebookTwitterLinkedinEmail
Heritage-Towne-Center-Chula-Vista-CA
AcquisitionsCaliforniaRetailWestern

Paragon Real Estate Investments Sells Heritage Towne Center Retail Property in Chula Vista, California for $14.7M

by Amy Works

CHULA VISTA, CALIF. — Paragon Real Estate Investments has completed the disposition of Heritage Towne Center, a retail property in the San Diego suburb of Chula Vista. Palomar Heritage LLC acquired the asset for $14.7 million. Situated on 1.9 acres, the 36,161-square-foot property consists of four retail buildings that were built in 2002. At the time of sale, the asset was fully occupied by 21 tenants. Reg Kobzi, Joel Wilson, Michael Peterson, Lane Robertson, Philip Voorhees and Joe Yetter of CBRE represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
2228-W-Guadalupe-Rd-Gilbert-AZ
AcquisitionsArizonaIndustrialWestern

Sorrento Seven Acquires Industrial Building in Gilbert, Arizona for $10.9M

by Amy Works

GILBERT, ARIZ. — Sorrento Seven has purchased an industrial building located at 2228 W. Guadalupe Road in Gilbert, approximately 20 miles southeast of Phoenix. Simon Charitable Foundation sold the asset for $10.9 million. Moog Aerospace and Defense (NYSE: MOG.A/MOG.B) fully occupies the 34,132-square-foot facility, which was built in 2019. Brian Ackerman of Colliers handled the marketing and sale of the property.

Continue Reading
FacebookTwitterLinkedinEmail
22430-Van-Buren-Blvd-Riverside-CA
AcquisitionsCaliforniaRetailWestern

Hanley Investment Group Arranges $5.8M Sale of Retail Pad in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Hanley Investment Group has arranged the sale of a three-tenant retail pad building located at 22430 Van Buren Blvd. in the Inland Empire city of Riverside. A Los Angeles-based 1031 exchange investor acquired the asset from Irvine-based Greens Development Inc. for $5.8 million. Completed in 2020, the 6,300-square-foot property is occupied by Chipotle Mexican Grill, MA Dental and BHC Chicken, which is slated to open in October. The pad building is part of Veteran’s Plaza, a community shopping center and hotel complex developed by Greens Development. Tenants at the shopping center include In-N-Out Burger, Starbucks Coffee, Hampton Inn + Home2 Suites and Circle K with a 76 gas station. Eric Wohl and CJ Kiehler of Hanley Investment Group represented the seller, while Justin Altemus of The Altemus Co. represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaMultifamilyWestern

Cushman & Wakefield | PICOR Brokers Sale of 23-Unit Multifamily Portfolio in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 23-unit multifamily portfolio in Tucson. Plowden/Martin Properties LLC acquired the asset from Welsey James Krajicek Family Revocable Trust for $2.1 million. The portfolio includes Pima Apartments at 4238-4246 E. Pima St. and Lee Apartments at 4223-4245 E. Lee St. Allan Mendelsberg and C. Joey Martinez of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Building-1-Core5-at-Middletown
AcquisitionsIndustrialNortheastPennsylvania

EQT Exeter Buys Industrial Property in Middletown, Pennsylvania for $170M

by Taylor Williams

MIDDLETOWN, PA. — EQT Exeter has purchased a 1.2 million-square-foot industrial property in Middletown, located on the southeastern outskirts of Harrisburg, for $170 million. The 196-acre site at 3327 E. Harrisburg Pike offers proximity to two major American shipping carriers and Harrisburg International Airport. Building features include a clear height of 40 feet, 224 dock-high doors and parking for 702 cars and 363 trailers (expandable to 500). EQT Exeter acquired the property, which was constructed last year and fully leased at the time of sale, in conjunction with a 638,000-square-foot industrial facility in Portland, Tennessee, for a combined price of $245 million. John Plower, John Huguenard, Ryan Cottone, Zach Maguire, Paul Torosian and Jeff Lockard of JLL represented the seller, Atlanta-based Core5 Industrial Partners, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew YorkNortheastOfficeRetail

Marcus & Millichap Brokers $7M Sale of Office, Retail Building in Queens

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $7 million sale of a 4,634-square-foot office and retail building in the Astoria area of Queens. The transit-served building at 2502-2508 31st St. houses retail space on the ground floor and office space on the second floor. Matt Fotis and Lazarus Apostolidis of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

STRO Cos. Acquires 76,560 SF Industrial Building in Fairfield, New Jersey

by Taylor Williams

FAIRFIELD, N.J.  — Locally based investment firm The STRO Cos. has acquired a 76,560-square-foot industrial building in the Northern New Jersey community of Fairfield. The building, which was fully leased at the time of sale, houses small-bay units that range in size from 8,000 to 13,000 square feet and feature clear heights of 22 feet. Howard Weinberg of JLL represented the undisclosed seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCompany NewsNortheastPennsylvaniaRestaurantRetailTop Stories

Parent Company of Circle K Agrees to Acquire 270 GetGo Convenience Stores, Makes ‘Friendly’ Takeover Bid for 7-Eleven Owner

by John Nelson

LAVAL, QUEBEC AND CRANBERRY TOWNSHIP, PA. — Alimentation Couche-Tard Inc., the Canadian parent company of Circle K, has agreed to acquire GetGo Café + Markets from Giant Eagle Inc., a supermarket chain based in Pennsylvania. GetGo operates 270 gas station and convenience store locations in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. The company staffs approximately 3,500 employees. “We are excited to welcome GetGo into the Couche-Tard family,” says Brian Hannasch, president and CEO of Couche-Tard. “We look forward to growing together as we learn from and continue GetGo’s innovative approaches to serving its local customers and communities.” “We are energized by the potential for both Giant Eagle and GetGo as a result of this transaction,” adds Bill Artman, CEO of Giant Eagle. “This enhances our focus on our core supermarket and pharmacy businesses.” GetGo has multiple retail models, including open-concept stores and standalone kiosks, with an emphasis on “food first.” As part of this transaction, Couche-Tard and Giant Eagle have agreed to maintain and partner together on Giant Eagle’s myPerks loyalty program for customers. Couche-Tard expects the deal to close in 2025 following standard regulatory approvals and customary closing conditions. The financial terms of the transaction were not disclosed …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaSeniors HousingSouth CarolinaSoutheast

Sonida to Purchase $103M Seniors Housing Portfolio in Florida, South Carolina

by John Nelson

DALLAS — Dallas-based Sonida Senior Living has announced that it is under contract to acquire a portfolio of seniors housing communities situated within the Southeast for $103 million. The seller was not disclosed. Totaling 555 assisted living and memory care units across eight properties, the communities are located in Jacksonville, Orlando and Daytona Beach in Florida,  as well as the South Carolina markets of Hilton Head Island, Charleston and Florence. Occupancy across the properties averages roughly 83 percent. Average monthly revenue per occupied room (RevPOR) at the communities is $6,000. The acquisition, which is expected to close later this year, will bring Sonida’s total operating portfolio to 91 communities. “With this planned acquisition, Sonida will further broaden its high-quality and regionally focused real estate portfolio with newer vintage communities in mid-to-large metropolitan areas with favorable growth prospects,” says Brandon Ribar, president and CEO.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts