CHICAGO — Greenstone Partners has brokered the $3.6 million sale of two multifamily properties located at 1343 N. Western Ave. and 1045 N. California Ave. in Chicago’s Wicker Park and Smith Park neighborhoods. Jordan Multack and Jacob Goldstein of Greenstone represented the seller, a Chicago-based private investor. The buyer was also a private investor. The assets feature spacious layouts, rooftop decks and onsite parking.
HUMBLE, TEXAS — Dallas-based STAG Industrial has acquired PortNorth 59, a 462,250-square-foot logistics facility in Humble, a northeastern suburb of Houston. The cross-dock facility sits on a 22.2-acre site and was completed in late 2024. Building features include 36-foot clear heights, 84 dock doors, four drive-in doors, 17,984 square feet of office space and parking for 231 cars and 101 trailers. PortNorth 59 was fully leased to two tenants at the time of sale. Trent Agnew, Charles Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the seller, Phelan Bennett Development, in the transaction.
GRANBURY, TEXAS — Locally based investment firm Skywalker Property Partners has purchased a 35,000-square-foot industrial facility in Granbury, located southwest of Fort Worth. The property consists of two buildings on a 5.3-acre site that were fully leased at the time of sale. Parker LanCarte and Sarah LanCarte of LanCarte Commercial represented the undisclosed seller in the transaction. Jack Mock represented Skywalker on an internal basis.
STAMFORD, CONN. — CBRE has brokered the sale of Stamford Towers, a 326,468-square-foot office complex in southern coastal Connecticut. Stamford Towers is a two-building, transit-served development that is home to tenants such as Citigroup, Gerald Metals, H/2 Capital, Oaktree and Legal & General. Jeff Dunne, Steve Bardsley, Travis Langer and David Block of CBRE represented the seller, CBRE Investment Management, in the transaction. The quartet also procured the buyer, a joint venture between Lamar Cos. and Real Capital Solutions.
NEW YORK CITY — JLL has arranged the $25 million sale of an eight-story, 19,000-square-foot multifamily and retail building located at 149 Spring St. in Manhattan’s SoHo neighborhood. The building’s retail space, which is currently vacant, totals 2,254 square feet, and according to StreetEasy, the multifamily component encompasses seven units. Michael Mazzara, Ethan Stanton, Brendan Maddigan, Steve Rutman, Guthrie Garvin and Hall Oster of JLL represented the seller, local developer EMP Capital Group, in the transaction. The buyer was Creed Equities, a New York City-based family investment firm.
NORTH CHARLESTON, S.C. — Marcus & Millichap has brokered the sale of Tru by Hilton Charleston Ashley Phosphate, a 121-room hotel located at 2475 Prospect Drive in North Charleston. Jack Davis, Chase Dewese, Joce Messinger and Brenden DeLuke of Marcus & Millichap represented the seller in the transaction. The buyer purchased the hotel in a 1031 exchange for an undisclosed price. Both parties requested anonymity. Built in 2020 on a 2.8-acre site, the Tru by Hilton hotel features EV charging stations, an outdoor pool, fitness center and a business center.
FONTANA, CALIF. — JLL Capital Markets, on behalf of of REDA and a commingled fund managed by Clarion Partners, has arranged the sale of 11119 Juniper Avenue, a Class A distribution facility in Fontana. Terms of the transaction were not released. Cencora (formerly AmerisourceBergen Drug Corp.) leases the 436,424-square-foot Class A center on a long-term basis. Patrick Nally, Makenna Peter and Evan Moran of JLL represented the seller in the deal. Cody Clayton and Patrick Wood of JLL handled leasing of the asset. Bruce Ganong, Peter Thompson and Taylor Gimian of JLL secured acquisition financing for the undisclosed buyer.
SANTA CLARITA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of a two-tenant retail property located in Santa Clarita, roughly 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, the 83,953-square-foot property is occupied by DICK’S Sporting Goods and Burlington. DICK’S has extended its lease and remodeled its store. Meanwhile, Burlington has acquired the lease previously held by JOANN after its bankruptcy. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, in the transaction.
LAKEWOOD, COLO. — Brixton Capital has acquired Whisper Creek, a garden-style multifamily community at 3505 S. Nelson Circle in Lakewood. Terms of the transaction were not disclosed. Built in 2002 by Fairfield Residential, Whisper Creek offers 272 apartments featuring nine-foot ceilings and averaging 928 square feet spread across two- and three-story residential buildings. Community amenities include 501 parking spaces with detached garages, a resort-style pool and spa, a 24-hour fitness center, clubhouse, business center, outdoor grilling stations, a pet park and a playground. Greystar will manage the property. Tony Nargi of JLL Capital Markets secured acquisition financing on behalf of Brixton Capital.
IRVINE, CALIF. — CBRE has directed the sale of Creek Medical Buildings, a three-building medical office property located at 37, 39 and 41 Creek Road in Irvine. The asset traded for $16.2 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the undisclosed seller in the deal. At the time of sale, the 43,374-square-foot property was fully occupied. The asset was built in 1986.
