Wednesday, June 17, 2026
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Acquisitions

ARIUM-at-Greenwich-Place
AcquisitionsConnecticutMultifamilyNortheast

Partnership Buys Two Multifamily Properties in Greenwich, Connecticut for $356M

by Taylor Williams

GREENWICH, CONN. — A partnership between led by RMR Residential and which includes Chicago-based investment firm Heitman, has purchased two multifamily properties totaling 406 units in the southern coastal Connecticut city of Greenwich. The sales price was $356 million. ARIUM at Greenwich Oaks is a 30-acre, garden-style property that features 134 two-and three-bedroom units and amenities such as a pool, basketball and pickleball courts and a playground. ARIUM at Greenwich Place offers 272 one-, two- and three-bedroom units with private outdoor patios and balconies. The new ownership plans to make capital improvements to both properties.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New Jersey

by Taylor Williams

PENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington. The two-story center was 77 percent leased at the time of sale to 11 tenants, with Dunkin’ and Subway serving as the anchors. The center’s second level also includes office space. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller in the transaction and worked with Marcus & Millichap’s David Cafiero and Damien Rance to procure the buyer. Both parties were New Jersey-based private investors that requested anonymity.

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Building-C-The-Cubes-Mesa-AZ
AcquisitionsArizonaIndustrialWestern

CRG Sells Industrial Building at 1.2 MSF Cubes at Mesa Gateway in Arizona

by Amy Works

MESA, ARIZ. — CRG has completed the sale of Building C at The Cubes at Mesa Gateway, a 1.2 million-square-foot master-planned industrial park in Mesa. Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the CRG in the transaction and procured the buyer, an undisclosed global alternative asset manager. Terms of the transaction were not disclosed. Located at 7111 S. Crismon Road, Building C sits on 268 acres and features state-of-the-art industrial space built to suit for an investment-grade tenant. The facility offers proximity to Phoenix-Mesa Gateway Airport, near-immediate access to Loop 202 and close connectivity to State Route 24.

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Oracle-Crossing-Oro-Valley-AZ.jpg
AcquisitionsArizonaRetailWestern

JLL Negotiates $53.8M Sale of Grocery-Anchored Retail Center Near Tucson

by Amy Works

ORO VALLEY, ARIZ. — JLL Capital Markets has negotiated the $53.8 million sale of Oracle Crossing, a 265,530-square-foot retail center located in Oro Valley, approximately six miles northwest of Tucson. Patrick Dempsey and Ross Jorgensen of JLL represented the sellers, entities doing business as Oracle Crossings LLC and Oracle and Magee LLC, in the transaction. The buyers were two entities doing business as Oracle Station LLC and Oracle Station I LLC. Built in 2006, Oracle Station spans 30 acres and is anchored by Sprouts Farmers Market. Other tenants at the center, which was 96 percent leased at the time of sale, include Kohl’s, El Charro Café, Pacific Dental, Dunkin’ Donuts, Carbon Health, Brake Max, O’Reilly Auto Parts and Smashburger. The property also features eight separate outparcels.

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AcquisitionsColoradoWestern

Pinnacle Real Estate Advisors Arranges Sale of 94,949 SF Plaza West at Aurora Town Center in Colorado

by Amy Works

AURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of the 94,949-square-foot Plaza West at Aurora Town Center, a retail center located at 13670 E. Alameda Ave. in Aurora. Denver-based Arileus Capital sold the asset to Rio Capital Investments for an undisclosed price. Justin Krieger of Pinnacle Real Estate Advisors represented the seller in the off-market transaction. Situated on 7.8 acres, the Plaza West at Aurora Town Center features a multi-tenant shopping center anchored by Harbor Freight Tools, Dollar Tree and King Buffett and a freestanding single-tenant drive-thru building occupied by Starbucks Coffee.

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AcquisitionsArizonaIndustrialWestern

Cushman & Wakefield | PICOR Brokers Sale of 19,464 SF Industrial Building in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of a 19,464-square-foot industrial property located at 451 N. Bonita Ave. in Tucson. An entity doing business as EAW-451 LLC sold the property to Brickyard Investments LP for $2.8 million. Natalie Furrier and Greg Furrier with Cushman & Wakefield | PICOR represented the seller in the deal, while Pat Welchert of Alpha Commercial Real Estate Services represented the buyer.

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AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Brokers Sale of 160-Unit Multifamily Property in Kenosha, Wisconsin

by Kristin Harlow

KENOSHA, WIS. — Marcus & Millichap has brokered the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha. The community is situated on 32 acres, approximately 20 of which are available for potential future development. Positioned adjacent to the University of Wisconsin-Parkside, the property offers a mix of studio, one- and two-bedroom units totaling 91,144 rentable square feet. Built in 1965 and 1967, the asset has received more than $1.1 million in capital improvements completed over the past 24 months, including upgrades to boilers, windows, sliding glass doors and roofs. Jake Lenti, Ryan Engle and Andrean Angelov of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors.

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The-Perry
AcquisitionsMarylandMultifamilySoutheast

Sentinel Acquires 297-Unit Luxury Apartment Community Near D.C.

by Abby Cox

POTOMAC, MD. — Sentinel Real Estate has acquired The Perry, a 297-unit, luxury apartment community located in Potomac, approximately 10 miles northwest of downtown Washington, D.C. The seller requested anonymity, and the sales price was also not disclosed. Completed in 2016, The Perry spans two buildings and offers one-, two- and three-bedroom floorplans ranging in size from 767 to 1,127 square feet, according to Apartments.com. Amenities at the complex include a swimming pool with a sun deck, an outdoor entertainment space with dining and grilling areas, a clubroom with a catering kitchen, fitness center, Zen garden, private conference room, business center, entertainment lounge, fenced dog park, dog grooming spa and 8,610 square feet of ground-floor retail space.

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Residences-Kierland-Scottsdale-AZ
AcquisitionsArizonaMultifamilyWestern

Quarterra Sells 290-Unit Multifamily Community in Scottsdale to MacNaughton

by Amy Works

SCOTTSDALE, ARIZ. — Quarterra has completed the sale of Residences Kierland, a 290-unit apartment property in North Scottsdale, to MacNaughton for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Bruce Francis, Doug Birrell, Bob Ybarra, Shaun Moothart and Nick Santangelo of CBRE’s Debt & Structured Finance arranged the debt financing on behalf of the buyer. Completed in 2022, Residences Kierland features one- and two-bedroom floor plans with gourmet kitchens with quartz countertops, a GE Café appliance package, wine fridges, vinyl plank flooring, illuminated bathroom mirrors and smart lock keyless entry systems. Additionally, the property features seven two-story townhomes, each averaging 2,000 square feet, with direct access and a two-car garage. Community amenities include an elevated pool deck with private cabanas, bike room, pet spa with a full washing station, electric car chargers, 24-hour fitness center and a yoga studio. Residences Kierland also features The Retreat, a full-service spa. The Retreat includes heated lounges for relaxation, a nail salon, individual massage rooms, a sauna and steam room with aroma-infused oils, cool-mist room, salt therapy room and hot and cool pools in a secluded outdoor space.

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AcquisitionsIndustrialNew JerseyNortheast

NAI DiLeo-Bram Arranges $4.7M Sale of Industrial Building in Somerset, New Jersey

by Taylor Williams

SOMERSET, N.J. — Locally based brokerage firm NAI DiLeo-Bram has arranged the $4.7 million sale of a 20,269-square-foot industrial building in the Northern New Jersey community of Somerset. The building sits on a 3-acre site at 85 Commerce Drive and features a clear height of 19 feet. Kyle Gerace, Chris Chiusolo and Sweemit Goswami of NAI DiLeo-Bram represented the buyer, Approved Fire Protection, in the transaction. The seller was PepsiCo Inc./Frito Lay.

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