Tuesday, July 22, 2025
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Acquisitions

AcquisitionsFloridaRetailSoutheast

Colliers Brokers $33.1M Sale of Palm Aire Marketplace in Pompano Beach, Florida

by John Nelson

POMPANO BEACH, FLA. — Colliers has brokered the $33.1 million sale of Palm Aire Marketplace, a shopping center located in the South Florida city of Pompano Beach. Presidente Supermarket and dd’s DISCOUNTS anchor the property, which totals 143,219 square feet. Other tenants at Palm Aire Marketplace include T-Mobile, Chase Bank and McDonald’s. Harry Blyden, Bastian Schauer, Ruben Suarez, Billy Weiser and Ariel Davis of Colliers represented the seller, an entity doing business as Pompano Realty USA, in the transaction. Longpoint Realty Partners acquired the asset, which is situated across from The Pomp, a $2 billion mixed-use project currently underway at the 223-acre site of the former Pompano Park racetrack. The Pomp will include a Topgolf venue and a 1.5 million-square-foot industrial park by Rockpoint, as well as the existing Harrah’s Pompano Beach Casino.

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AcquisitionsRetailSoutheastVirginia

CRC Acquires 126,304 SF Creekside Station Retail Center in Winchester, Virginia

by John Nelson

WINCHESTER, VA. — Continental Realty Corp. (CRC) has acquired Creekside Station, a 126,304-square-foot retail center located at 3103 Valley Ave. in Winchester, roughly 80 miles northwest of Washington, D.C. Creekside Properties sold the center for $19.5 million. Gilbert Trout of Trout Daniel & Associates represented the seller in the transaction and procured the buyer. CRC, which was self-represented in the transaction, purchased the property via the Continental Realty Opportunistic Retail Fund I LP (CRORF), marking the second acquisition in the state this year for the buyer. Built in 2003 and situated within Creekside Town Center, Creekside Station was 95 percent leased at the time of sale to tenants including Chico’s, J.Jill, Jos. A Bank, IJ Canns American Grille, The Little Gym and Virginia National Bank. The shopping center totals 10 buildings on more than 13 acres.

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AcquisitionsIndustrialNew YorkNortheast

Colliers Brokers $20M Sale of Long Island Warehouse

by Taylor Williams

MELVILLE, N.Y. — Colliers has brokered the $20 million sale of a 91,428-square-foot warehouse in the Long Island community of Melville. The building sits on a 10-acre site at 135 Baylis Road and features a clear height of 16 feet. Robert Steinhart, Richard Warshauer, Jason Maietta, Tommy Rosati and Brandon Lichtenstein of Colliers represented the seller, Melville Beverage Partners, in the transaction. Local appliance wholesaler Kings Prime Equities LLC purchased the building with plans to occupy the space.

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AcquisitionsKansasMidwestMultifamilySeniors Housing

SLIB Arranges Sale of 65-Unit Seniors Housing Community in DeSoto, Kansas

by Kristin Harlow

DESOTO, KAN. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Hillside Village, a seniors housing community in DeSoto, about 20 miles southwest of Kansas City. Hillside Village features 38 assisted living units and 27 skilled nursing units, totaling 95 licensed beds. The seller was a local owner exiting the business, and the buyer was a public company based in California. The sales price was undisclosed. Ryan Saul, Nick Cacciabando and Jeff Binder led the transaction for SLIB.

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AcquisitionsMichiganMidwestMultifamily

Marcus & Millichap Brokers $3.3M Sale of Multifamily Property in Wyoming, Michigan

by Kristin Harlow

WYOMING, MICH. — Marcus & Millichap has brokered the $3.3 million sale of Gardentown Apartments in Wyoming near Grand Rapids. The 40-unit multifamily property, built between 1966 and 1968, consists of four buildings. The asset was 90 percent occupied at the time of sale. Chase Gilewski and Chris Futo of Marcus & Millichap represented the seller. Steve Chaben, broker of record in Michigan, assisted in closing the transaction. The buyer is planning to invest significant capital on both interior and exterior renovations. Both the buyer and seller completed 1031 exchanges.

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AcquisitionsIllinoisMidwestRestaurantRetail

First Western Properties Negotiates Sale of Restaurant Building in Des Plaines, Illinois

by Kristin Harlow

DES PLAINES, ILL. — First Western Properties has negotiated the sale of a restaurant building located at 1440 Rand Road in the Chicago suburb of Des Plaines. The sales price and seller were undisclosed. The property, located at the corner of Rand and River roads, sold to a restaurant operator with multiple locations.

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3200-E-Glenrosa-Ave-Phoenix-AZ
AcquisitionsArizonaMultifamilySeniors HousingWestern

Joint Venture Acquires MorningStar at Arcadia Seniors Housing Community in Phoenix

by Amy Works

PHOENIX — A joint venture between Sabal Investment Holdings, 12 North Capital LLC and affiliates of MorningStar Senior Living has purchased MorningStar at Arcadia, a seniors housing property in Phoenix. Located at 3200 E. Glenrosa Ave., MorningStar at Arcadia features 78 assisted living suites across studio, one-bedroom and two-bedroom floorplans and 30 memory care suites. Community amenities include a fitness center, resident game room, outdoor seating area with fire pit, and resident dining room. The buyers plan to implement an improvement program including a cosmetic refresh to common areas, including the main entrance lobby, dining room, theater and other amenity spaces along the reconfiguration of smaller assisted living units to meet local demand for larger and more functional living spaces. Additionally, the buyers plan exterior painting and landscaping improvements. Aron Will and Michael Cregan of CBRE National Senior Housing arranged financing for the acquisition. The seller, price and other transaction details were not released.

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200-202-W-140th-St-Los-Angeles-CA
AcquisitionsCaliforniaIndustrialWestern

DAUM Commercial Negotiates Sale of 60,457 SF Industrial Property in Los Angeles

by Amy Works

LOS ANGELES — DAUM Commercial Real Estate Services has arranged the sale of an industrial building in Los Angeles. A private investor acquired the asset from an undisclosed buyer for $14.1 million. Located at 200-202 W. 140th St., the building features 60,457 square feet of industrial space. At the time of sale, the property was fully occupied by local manufacturing tenants. Anthony Bergeman, Michael Chase and Krishna Shegran of DAUM represented the buyer in the deal.

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5120-W-Buckeye-Phoenix-AZ
AcquisitionsArizonaIndustrialLoansWestern

Gantry Arranges $9.9M Acquisition Loan for Warehouse Building in Phoenix

by Amy Works

PHOENIX — Gantry has arranged a $9.9 million permanent loan to facilitate the acquisition of an industrial building located at 5120 W. Buckeye Road in Phoenix. The 127,000-square-foot, multi-tenant warehouse features 30-foot clear heights and 30 loading docks, including four drive-in doors. At the time of financing, the property was fully leased by two tenants. Tim Storey and Chad Metzger of Gantry represented the borrower, a private real estate investor, in securing the seven-year loan from one of Gantry’s correspondent life company lenders. The loan features interest-only terms, prepayment flexibility and a fixed rate.

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640-N-3rd-St-San-Jose-CA.jpg
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Brokers Sale of Multifamily Property in San Jose for $1.4M

by Amy Works

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of a six-unit apartment property in San Jose. The asset traded between two individual/personal trusts for $1.4 million. Located at 640 North 3rd St., the property features six two-bedroom/one-bath units. The building was built in 1962. Adam Levin, Robert Johnston, Eymon Binesh and Jake Clyne of Marcus & Millichap represented the seller and buyer in the transaction.

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