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Acquisitions

Thornton-Town-Center-Thornton-CO
AcquisitionsColoradoRetailWestern

CRC Purchases 266,008 SF Thornton Town Center Retail Property in Colorado for $25.5M

by Amy Works

THORNTON, COLO. — Continental Realty Corp. (CRC) has acquired Thornton Town Center, a neighborhood shopping center in Thornton, from Citivest Commercial Investments for $25.5 million. Brad Lyons of CBRE represented the seller in the transaction. Located at 9223-1001 and 1005 Grant St., the 266,008-square-foot retail center was 73 percent leased at the time of sale. Current tenants include Malibu Jack’s, The Picklr, Sky Zone Trampoline Park, GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty and Starbucks Coffee. CRC plans to implement a property improvement strategy for the asset, which was built in 1990 on 24 acres.

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Riverdale-Shopping-Center-Riverdale-UT
AcquisitionsRetailUtahWestern

ZRP Acquires Riverdale Shopping Center in Metro Salt Lake City for $20M

by Amy Works

RIVERDALE, UTAH — Ziff Real Estate Partners (ZRP) has acquired Riverdale Shopping Center, a 93,592-square-foot shopping center located in Riverdale, approximately 35 miles north of downtown Salt Lake City. T.J. Maxx and Ulta Beauty anchor the property, which was built in 2007, according to LoopNet Inc. JT Redd and Kip Paul of Cushman & Wakefield represented the seller. Christian Chamblee and Brooke Frey internally represented ZRP in the transaction.

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AcquisitionsMultifamilyOregonWestern

Brinkman Real Estate, Blue Field Capital Buy 60-Unit Townhome Community in Oregon City

by Amy Works

OREGON CITY, ORE. — Brinkman Real Estate and Blue Field Capital have acquired Holmes Park Townhomes, a townhome community in Oregon City, approximately 30 minutes south of downtown Portland. Terms of the acquisition were not released. Completed in 2024, Holmes Park features 60 three-level, three-bedroom/three-bath residences with modern finishes and direct-access garages.

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AcquisitionsOfficeTexas

Newmark Negotiates Sale of 230,691 SF Office Complex in North Dallas

by Taylor Williams

DALLAS — Newmark has negotiated the sale of The Offices at Park Lane, a 230,691-square-foot office complex in North Dallas. Completed in the mid-1970s, the two-building complex is located within The Shops at Park Lane, a 33-acre mixed-use development, and was 66 percent leased to 16 tenants at the time of sale. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller, Northwood Investors, in the transaction. The buyer was DFW LAND Real Estate.

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Doral-Square
AcquisitionsFloridaRetailSoutheast

Terra Arranges $74M Sale of Doral Square Lifestyle Shopping Center in South Florida

by Abby Cox

DORAL, FLA. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle shopping center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million acquisition loan to the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco. 

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 51,951 SF Industrial Property in Humble, Texas

by Taylor Williams

HUMBLE, TEXAS — Colliers has brokered the sale of a 51,951-square-foot industrial property in Humble, a northern suburb of Houston. The site at 134 Wilson Road houses multiple buildings that were constructed between 1960 and 2009 and that offer a variety of configurations and clear-height ranges. Tom Condon Jr. of Colliers represented the seller, Humble Machine Works Inc., in the transaction. Ross James and David Claros of Newmark represented the undisclosed buyer.

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885-Paragon-Way-Rock-Hill-SC
AcquisitionsIndustrialSouth CarolinaSoutheast

APG Acquires 300,080 SF Distribution Facility in Rock Hill, South Carolina

by Abby Cox

ROCK HILL, S.C. — Atlanta Property Group (APG) has acquired 885 Paragon Way, a 300,080-square-foot distribution facility located in Rock Hill, roughly 15 miles south of Charlotte. Situated in the master-planned Riverwalk Business Park, the temperature-controlled property features 32-foot clear heights, 33 dock high doors, a 180-foot truck court and a 4,000-amp electrical system. The property is currently vacant. The sales price and seller were not disclosed.

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AcquisitionsMidwestMinnesotaMultifamily

JLL Arranges Sale of 167-Unit Helix Apartments in St. Louis Park, Minnesota

by Kristin Harlow

ST. LOUIS PARK, MINN. — JLL Capital Markets has arranged the sale of Helix Apartments, a 167-unit property in the Minneapolis suburb of St. Louis Park. Built in 1985 and extensively renovated between 2020 and 2022, Helix Apartments features units averaging 990 square feet. Amenities include a pool, fitness center, community lounge with coffee bar, rooftop terrace, dog park and walking paths. Josh Talberg, Joseph Peris and Jack Graveline of JLL represented the seller and procured the buyer, Jason Quilling of QT Holdings.

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AcquisitionsMidwestMinnesotaMultifamily

CBRE Brokers Sale of 158-Unit Apartment Complex in Minneapolis

by Kristin Harlow

MINNEAPOLIS — CBRE has brokered the sale of Second + Second, a 158-unit apartment complex in the North Loop of Minneapolis. The property is located at 120 N. Second St., just west of the Mississippi River. Built in 2020, the asset features a range of studio, one- and two-bedroom floor plans averaging 863 square feet. Amenities include underground parking, a sky lounge, fitness center and pet wash station. CBRE’s Ted Abramson, Abe Appert and Keith Collins represented the seller, Solaris Group. Roundhouse was the buyer.

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AcquisitionsMassachusettsMultifamilyNortheast

Marcus & Millichap Brokers $20.5M Sale of Metro Boston Multifamily Property

by Taylor Williams

ARLINGTON, MASS. — Marcus & Millichap has brokered the $20.5 million sale of Mystic Grove Apartments, a 60-unit multifamily complex located on the northwestern outskirts of Boston. Built in phases between 1925 and 1963, Mystic Grove offers studio, one-, two- and four-bedroom apartments, as well as a fitness center and onsite laundry facilities. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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