CHEEKTOWAGA, N.Y. — Cleveland-based brokerage firm Cooper Commercial Investment Group has negotiated the sale of a medtail clinic in Cheektowaga, located just east of Buffalo, that is occupied by cannabis dispenser Verilife. According to LoopNet Inc., the facility at 3760 Union Road was built in 1989 and spans 3,606 square feet. Dan Cooper of Cooper Commercial represented the undisclosed, New York-based seller in the transaction. The buyer was also not disclosed.
WEST ORANGE, N.J. — Regional brokerage firm BlueGate Partners has negotiated the sale of Stonehill at West Orange, a 423-unit multifamily property located in Northern New Jersey. Completed in 2024 by BNE Real Estate, the property is a recent redevelopment of a former office campus and offers one- and two-bedroom units along with 44,000 square feet of amenity space. Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin, Eli Zaoutis and Jeremy Silber of BlueGate Partners brokered the deal. The buyer was not disclosed.
PHOENIX — EMBREY has closed on the land and financing for 12th & Greenway, a Class A apartment property located near North 12th Street and Greenway Parkway in Phoenix. Construction will begin immediately, with first occupancy slated for third-quarter 2027. Situated on 7 acres, the four-story, wrap-style community will feature 340 apartments, including townhomes. Units will feature open-concept layouts with 9- to 10-foot ceilings, wood-style plank flooring, quartz countertops and stainless steel appliances. Additional features will include built-in desks, keyless entry and double vanities in select units. Onsite amenities will include a heated pool and hot tub with private cabanas, an outdoor kitchen and fireplace, fitness and yoga studios, a game room, conference and micro-office spaces and a secured 24-hour package room. Outdoor features will include several courtyards, a walking trail, dog park and shaded community spaces. Frost Bank, with support from private investors, provided financing for 12th & Greenway. EMBREY’s Garrett Karam and Jimmy McCloskey led the execution of the transaction.
SAN JOSE, CALIF. — Interstate Equities Corp. has acquired Atrium Garden, a multifamily community located at 1536 Kerley Drive in San Jose, from an undisclosed seller for $18.4 million. The four-story property offers 160 apartments on three levels over a ground-floor podium parking structure with 63 onsite parking spaces. Residences are fully furnished with beds, bedside tables and lamps, lounge chairs, built-in desks, chairs and TVs. Community amenities include a fitness center, media rooms, multiple resident lounges, community kitchens, onsite laundry facilities and an outdoor barbecue and lounge area.
BELLEVUE, WASH. — Pine Forest Properties has completed the disposition of Juniper Ridge, a multifamily property in Bellevue, to a private investor for $17.5 million, or $397,727 per unit. Built in 1991 and renovated in 2015 and 2016, Juniper Ridge offers 44 apartments with kitchen pantries, linen closets, wood-burning fireplaces and a private deck or patio. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction.
DENVER — Malman Real Estate has arranged the sale of an industrial property located at 2173 S. Wabash St. in Denver. AB Investment sold the asset to United Properties Group for $1.3 million. Situated on a 28,096-square-foot lot, the property offers 2,040 square feet of flex space. Taylor Roy of Malman Real Estate represented the seller, while Ruzlan Shamaev of Brokers Guild Real Estate represented the buyer in the transaction.
MICHIGAN — Berkadia has brokered the sale and arranged financing for the Michigan MHC Portfolio, which comprises four manufactured housing communities (MHC) with 335 sites across the state. Kevan Enger of Berkadia represented the seller, California-based Urban West Ventures. Scott Modelski of Berkadia secured acquisition financing through Barclays – Conduit on behalf of the buyer’s Chicago-based affiliate, Butler Communities. The portfolio includes Pontaluna Shores in Norton Shores, Broadway Acres in Mount Pleasant, University Mobile Estates in Whitmore Lake and Brookhaven in Comstock Park. The assets were built in 1967, 1986, 1952 and 1970, respectively.
ADDISON, ILL. — The Missner Group has sold an 80,464-square-foot industrial building located at 50 S. Fairbank St. in Addison. Missner developed the property in 2023 in partnership with Realterm. The building features a clear height of 32 feet, 13 exterior docks, two drive-in doors and 180 parking spaces. The property is leased to Midwest Solutions, Cytronic and PGW Autoglass.
OAK LAWN, ILL. — Marcus & Millichap has arranged the $4.5 million sale of Park Lawn Plaza, a 13-suite retail property in the Chicago suburb of Oak Lawn. The asset, situated on 2.5 acres at 9600 S. Pulaski Road, totals 24,685 rentable square feet and was 84 percent occupied at the time of sale. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local real estate investment company. The buyer was a local private investor.
CHARLOTTE, N.C. — Simon Property Group, the Indianapolis-based mall giant and retail REIT, has purchased Phillips Place, a 134,000-square-foot, open-air shopping center in Charlotte’s SouthPark neighborhood. The seller and sales price were not disclosed. Simon also owns the nearby SouthPark Mall. Phillips Place’s tenant roster includes more than 25 retail shops and restaurants, including alice+ olivia, Peter Millar, rag & bone, Ralph Lauren, Veronica Beard, RH Gallery (as well as its rooftop restaurant) and The Palm. The center is part of a mixed-use campus that includes a 180-room Hampton Inn & Suites hotel that Simon also owns and apartments. Simon’s plans for any redevelopment opportunities at Phillips Place were not released.