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Acquisitions

Jefferson-Cedar-Ridge-Dallas
AcquisitionsMultifamilyTexas

Newmark Brokers Sale of 360-Unit Apartment Community in Southwest Dallas

by Taylor Williams

DALLAS — Newmark has brokered the sale of Jefferson Cedar Ridge, a 360-unit apartment community in southwest Dallas that was built in 2024. According to Apartments.com, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, clubhouse, dog park and outdoor grilling stations. Richard Furr, Brian Murphy and Brian O’Boyle Jr. of Newmark represented seller, Dallas-based investment firm TDI, in the transaction. Braden Harmon, Hank Glasgow and Jeff Fein, also with Newmark, arranged acquisition financing for the deal on behalf of the buyer, a partnership between Ashcroft Capital and Pearlmark Real Estate.

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AcquisitionsIndustrialTexas

Sagard Real Estate Buys 75,225 SF Warehouse at Port Houston

by Taylor Williams

HOUSTON — Sagard Real Estate, a Denver-based investment firm, has purchased a 75,225-square-foot warehouse located on the Port Houston campus. The warehouse was constructed in 2008 directly across from the port’s Barbour’s Cut Container Terminal. Building features include 28-foot clear heights, a front-load configuration, 130-foot truck court depths and 23 dock-high doors and one acre of dedicated yard space with independent access points. The seller and sales price were not disclosed.

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AcquisitionsNew YorkNortheastOffice

AmTrustRE Completes Acquisition of Midtown Manhattan Office Building for $211M

by Taylor Williams

NEW YORK CITY — Locally based investment and development firm AmTrustRE has completed the acquisition of 260 Madison Avenue, a 22-story office building in Midtown Manhattan, for roughly $211 million. The approximately 570,000-square-foot building was constructed in 1952 and was roughly 68 percent leased at the time of sale. Tenants include Hanesbrands, MGM, Regus, McLaughlin & Stern and Marcus & Millichap. AmTrust plans to invest “significant capital” into interior and exterior improvements to the building. Darcy Stacom and William Herring of Stacom CRE, along with David Ash of Prince Realty Advisors, represented the seller, The Sapir Organization, in the transaction.

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AcquisitionsMultifamilyNew YorkNortheast

Cushman & Wakefield, Pyramid Arrange $31.8M Sale of Multifamily Assets in Cheektowaga, New York

by Taylor Williams

CHEEKTOWAGA, N.Y. — Cushman & Wakefield and Pyramid Brokerage Co. have arranged the $31.8 million sale of U-Crest and Belvedere Manor, two multifamily assets totaling 340 units in Cheektowaga, located just outside of Buffalo. Pillar Real Estate Investors sold the properties to Chopp Holdings. Niko Nicolaou, Ryan Dowd, Peter Welch, J.P. Hohl and Alexandria Russo Ebers of Cushman & Wakefield, in collaboration with Pyramid’s Jonathan Weinstein and Robert Stewart, brokered the deal on behalf of both parties. John Alascio, Brad Domenico, Brian Anderson and Chuck Kohaut of Cushman & Wakefield arranged acquisition financing for the deal.

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100-200-Princeton-South-Corporate-Center
AcquisitionsNew JerseyNortheastOffice

JLL Brokers Sale of Two Office Buildings Totaling 267,830 SF in Ewing, New Jersey

by Taylor Williams

EWING, N.J. — JLL has brokered the sale of 100 and 200 Princeton South Corporate Center, a pair of office buildings totaling 267,830 square feet in Ewing, located just outside of Trenton. The four-story buildings were completed between 2007-2008 as part of a larger, six-building campus and were 52 percent leased at the time of sale to tenants in industries such as finance, insurance, accounting, pharmaceutical and healthcare. Jose Cruz, Jeremy Neuer, Michael Kavaler and Tom Romano of JLL represented the undisclosed, institutional seller in the transaction. The buyer was Hilton Realty Co.

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4268-N-Varsity-Ave-San-Bernardino-CA
AcquisitionsCaliforniaRestaurantRetailWestern

SRS Real Estate Brokers $6.8M Sale of Panera Bread-Occupied Retail Property in San Bernardino

by Amy Works

SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located at 4268 N. Varsity Ave. in San Bernardino. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million, or $1,404 per square foot. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the deal. SRS’ Nick Wirick is handling leasing for the property. This is the second parcel of a break-up strategy SRS has executed on behalf of Paragon Commercial Group — the first being the sale of a Dutch Bros Coffee property that was sold in July 2025 for $2.8 million. In total, the value of the sold assets is $9.6 million.

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AcquisitionsIndustrialMidwestOhio

W. P. Carey Completes Sale-Leaseback of 66,000 SF Food Processing Facility in Ohio

by Kristin Harlow

OHIO — W. P. Carey has completed a sale-leaseback of a 66,000-square-foot food processing facility in Ohio. The transaction also included a commitment to fund an expansion to the existing facility and a build-to-suit commitment for a new Class A distribution facility on the same campus. Completion is slated for November 2026. The property is triple-net leased to Novus Foods, which is backed by private equity firm CapVest. The tenant has invested heavily in the property and is making additional investments to upgrade equipment. The new facility will serve as the company’s main cross-dock distribution location. The assets will be subject to a long-term, triple-net master lease with fixed annual rent increases.

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AcquisitionsIllinoisIndustrialMidwestMissouriSelf-Storage

EquiCap Commercial Negotiates Sales of Two Self-Storage Facilities in Suburban St. Louis

by Kristin Harlow

EAST ALTON, ILL. AND FORISTELL, MO. — EquiCap Commercial has negotiated the sales of two self-storage facilities in metro St. Louis. All Inn Storage, located at 978 E. Airline Drive in East Alton, features 9,600 net rentable square feet with 87 units on 9.1 acres. Alex Erbs of EquiCap represented the seller and procured the buyer, an out-of-state private equity firm. Foristell Storage, located at 19100 Veterans Memorial Parkway in Foristell, consists of 21,173 net rentable square feet with 260 units on 7.3 acres. Marla Čolić of EquiCap procured the buyer, a local storage owner-operator completing a 1031 exchange.

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AcquisitionsIllinoisMidwestRetail

Greenstone Partners Brokers $2.8M Sale of Retail Redevelopment Site in Chicago

by Kristin Harlow

CHICAGO — Greenstone Partners has brokered the sale of a retail redevelopment site located at 1419 W. Diversey Parkway in Chicago’s Lincoln Park neighborhood. The existing two-story building totals 11,300 square feet across a 10,700-square-foot land site. Rosebud Restaurants’ headquarters office and commissary kitchen formerly occupied the property. Brewster Hague and Tom Galvin of Greenstone represented the buyer, a Michigan-based real estate development firm.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Negotiates Sale of 396-Unit Storage Facility in Amarillo

by Taylor Williams

AMARILLO, TEXAS — Marcus & Millichap has negotiated the sale of I-40 Storage, a 396-unit storage facility in Amarillo. Built in 2003 on 11.5 acres, roughly 1.9 of which are undeveloped, the facility spans 199,905 net rentable square feet across 353 covered parking spaces, eight enclosed spaces, 10 open parking spaces and 25 self-storage units. Mixson Staffel, Dave Knobler and Charles LeClaire of Marcus & Millichap represented the undisclosed seller in the transaction. The Michigan-based buyer also requested anonymity.

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