CHICAGO — Cawley Commercial Real Estate (CRE) has brokered the sale of a 168,000-square-foot industrial building located at 4343 W. Ohio St. in Chicago. The sales price was undisclosed. The property is situated on 7.8 acres within the Northwest Industrial Park and features overhead cranes, an active interior rail spur, zoning allowances for outdoor storage and access to heavy power. Frank Melchert and Stevan Arandjelovic of Cawley CRE represented the seller, Plant One LLC. Adam Schneiderman and Dale Strauss of Strauss Realty represented the buyer.
NEW JERSEY — Cushman & Wakefield has brokered the $94 million sale of a 519-unit collection of multifamily properties in Northern New Jersey that is known as the Tag Portfolio. The number of properties was not disclosed. The Tag Portfolio, which was 97 percent occupied at the time of sale, features properties that were built between 1920 and 1980 and are located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield, Jersey City and Kearny. The majority (96 percent) of the units are one- or two-bedroom residences and have value-add potential. Niko Nicolaou, Ryan Dowd, Michael Guerra, J.P. Hohl and Alexandria Ebers of Cushman & Wakefield represented the seller, Tag Investment Properties, in the transaction and procured the buyers. Tuli Realty purchased the properties located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield and Jersey City, while Sher Management acquired the Kearny property. Brad Domenico and Frank Stanislaski of Cushman & Wakefield arranged acquisition financing for the deal.
ROCHESTER, N.Y. — New York City-based investment firm Time Equities Inc. has purchased The Shoppes at Westgate, a 62,049-square-foot shopping center in Rochester. The sales price was $6.1 million. Built in 1958 and renovated in 1986, the center was 91 percent leased at the time of sale to tenants such as Ross Dress for Less, Bath & Body Works and Citizens Bank. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith represented Time Equities in the transaction on an internal basis. Ben Snyder and Zack Bates of Matthews Real Estate Investment Services represented the undisclosed seller.
GREENVILLE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Greenville Promenade, a 220,482-square-foot shopping center located northeast of Dallas. According to LoopNet Inc., the property is home to tenants such as Belk, Ross Dress for Less, Staples, J.C. Penney, Petco, Marshalls, GNC, Bealls and Hibbett Sports. Hudson Lambert and Jennifer Pierson of STRIVE represented the California-based seller in the transaction. Harrison Beethe, also with STRIVE, represented the local buyer. Both parties requested anonymity. Greenville Promenade was 100 percent leased at the time of sale.
KENNEDALE, TEXAS — Colliers has brokered the sale of Kennedale Industrial Park, a 156,295-square-foot development located on a 13.2-acre site just south of Fort Worth. Kennedale Industrial Park, which was 36 percent leased at the time of sale, consists of six buildings that were completed in 2024. Buildings can support multiple tenants and feature 18- to 22-foot clear heights, 71 grade-level doors and two dock-high doors. Cody Payne, Michael Tran, Austin Edelmon and Nick Miller of Colliers represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
SPARKS, NEV. — Barclay Group has purchased Kiley Ranch Marketplace, a 46.7-acre parcel at the southwest corner of Wingfield Hills Road and Pyramid Highway in Sparks for $25.6 million. The buyer plans to develop a 400,000-square-foot retail power center on the site. The development will be the first new retail power center in Sparks since 2005. Shawn Smith and Sean Retzloff of Kidder Mathews represented the buyer and seller, KM2 Development, in the transaction. Additionally, the team will handle leasing for the project.
BRIGHTON, COLO. — Inland Real Estate Investment Corp. has completed the sale of Solaire Apartments, a multifamily community located at 1287 S. 8th Ave. in Brighton. Terms of the transaction were not released. Constructed in 2013, Solaire Apartments offers 252 residences spread across 11 three-story buildings. The community features a clubhouse, 24-hour fitness center, pool with hot tub and lounge area, outdoor barbecue grilling stations, a fire pit, dog park and playground area. At the time of sale, the property was 96.4 percent occupied. Inland Private Capital Corp. originally acquired Solaire Apartments in November 2016 on behalf of Brighton Multifamily DST. The recent sale resulted in a realized net equity multiple to investors of 1.6x.
LEADVILLE, COLO. — Malman Real Estate has arranged the purchase of a 5,200-square-foot flex retail and industrial building located at 331 Highway 24 in Leadville. 331HIGHWAY24 LLC, a Wyoming limited liability company, acquired the asset from NAK Property 4 LLC, a Colorado limited liability company, for $1 million. Taylor Roy of Malman Real Estate represented the buyer, while Kory Pryor of 23 Realty Advisors represented the seller in the deal.
LAUREL HILL, N.C. — Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City. The buildings total 203,196 square feet and 356,201 square feet, respectively. Parsons Commercial Group Inc. purchased the portfolio. Rob Cochran and Bill Harrison of Cushman & Wakefield represented the seller, a joint venture between Edgewater Ventures and Singerman Real Estate, in the transaction. Edgewater and Singerman originally acquired the properties in December 2021 for $11.5 million, a deal that Fermin Deoca and Matt Treble of Cushman & Wakefield brokered.
BROOKLYN PARK, MINN. — A joint venture between PCCP LLC and Capital Partners has acquired 9001 Wyoming, a 382,635-square-foot industrial building in the Minneapolis suburb of Brooklyn Park. Built in 2000 and situated on a 24.8-acre site, the property features a clear height of 32 feet, 229 car parking spaces and 115 trailer parking spaces. Amazon fully occupies the facility. The transaction marks PCCP’s sixth joint venture with Capital Partners, a local owner and operator of more than 14 million square feet of industrial product. The seller and sales price were undisclosed.