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Acquisitions

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AcquisitionsCaliforniaRetailWestern

SRS Real Estate Brokers $17.7M Sale of Retail Center in Sonoma County, California

by Amy Works

ROHNERT PARK, CALIF. — SRS Real Estate Partners has completed the $17.7 million sale of Mountain Shadows Plaza, a multi-tenant retail center at 901, 941, 967 and 968 Golf Course Drive in Rohnert Park. John Redfield and Joe Chichester of SRS Capital Markets represented the seller, a special purpose vehicle controlled by Oak Cap Ventures LLC. Situated on 7.4 acres, the five-building property features 77,651 square feet of retail space. The property was 97 percent occupied at the time of sale to a variety of tenants, including Walmart Neighborhood Market, Starbucks Coffee and Anytime Fitness.

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AcquisitionsWashingtonWestern

Open House Westwood Divests of Greenlake Terrace Apartments in Seattle for $16.5M

by Amy Works

SEATTLE — Open House Westwood has completed the sale of Greenlake Terrace Apartments, a multifamily community located at 7415 5th Ave. NE in Seattle’s Green Lake neighborhood. A local family office acquired the property for $16.5 million. Built in 1986, Greenlake Terrace Apartments offers 48 apartments, secure garage parking, a bike room and updated commons areas. The buyer plans to continue the property’s value-add renovation program. Matt Kemper, Tim McKay, Dan Chhan, Jacob Odegard, Dylan Roeter and Bryon Rosen of Cushman & Wakefield represented the seller and procured the buyer in the transaction.

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AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

CB Arcadia Partners Sells Starbucks-Occupied Property in Torrance, California for $8.2M

by Amy Works

TORRANCE, CALIF. — CB Arcadia Partners, an affiliate of Calbay Development, has completed the disposition of a freestanding retail property located at 23865 Hawthorne Blvd. in Torrance, to Madrona F&F LLC for $8.2 million. Starbucks Coffee occupies the 2,400-square-foot property, which was delivered in 2025, on a long-term, triple-net lease. The property features a drive-thru that can accommodate 20 vehicles, plus a full-size café format with indoor and outdoor seating. Alex Kozakov and Patrick Wade of CBRE represented the seller in the deal.

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AcquisitionsFloridaRetailSoutheast

Benderson Acquires 216,692 SF Shopping Center in Metro Tampa Anchored by Whole Foods, Target

by John Nelson

CLEARWATER, FLA. — Benderson Development has purchased Clearwater Shoppes, a 216,692-square-foot shopping center located at 27001 U.S. Highway 19 N in Clearwater, a Tampa suburb in Pinellas County. Seritage Growth Properties, the retail REIT spun off from Sears Holdings, sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the shopping center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack.

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AcquisitionsFloridaSeniors HousingSoutheast

Berkadia Brokers Sale of 94-Unit Independent Living Community in Niceville, Florida

by John Nelson

NICEVILLE, FLA. — Berkadia has brokered the sale of American House Bluewater Bay, a 94-unit independent living community located in Niceville, roughly 10 miles northeast of Destin, Fla. Built in 2015, the community was more than 95 percent occupied at the time of sale. Michigan-based real estate development and investment company REDICO sold the property. American House, the senior living operator affiliate of REDICO, will continue to operate the community on behalf of the new ownership.

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AcquisitionsMidwestMinnesotaMultifamily

JLL Arranges Sale of 192-Unit Aster Apartments in Metro Twin Cities

by Kristin Harlow

COON RAPIDS, MINN. — JLL Capital Markets has arranged the sale and financing for Aster Apartments, a 192-unit luxury apartment community in the Twin Cities suburb of Coon Rapids. The property is located at 3130 Northdale Blvd. NW near Highway 10 and Highway 169. Josh Talberg and Joseph Peris of JLL represented the undisclosed seller. Matthew Schoenfeldt, Patricia Heminger, Rebecca Mitchell and Ryan Planek of JLL arranged acquisition financing on behalf of the buyer, MLG Capital.

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AcquisitionsIndustrialMidwestNebraskaOffice

Investors Realty Brokers $8.3M Sale of Old Mill Business Campus in Omaha

by Kristin Harlow

OMAHA, NEB. — Investors Realty Inc. has brokered the sale of Old Mill Business Campus in Omaha for $8.3 million. Located just off the West Dodge Road and I-680 interchange, the 66,273-square-foot, multi-tenant flex building was fully occupied at the time of sale. Ember Grummons and JP Raynor of Investors represented the seller, NewStreet Properties. Nick Suarez of Newmark Zimmer represented the buyer, K.C. Residence LLC.

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AcquisitionsIllinoisMidwestRetail

Colliers Negotiates Sale of Two Retail Condos in Chicago’s Southport Corridor

by Kristin Harlow

CHICAGO — Colliers has negotiated the sale of two net-leased retail condos in Chicago’s Southport Corridor. The property at 3541-43 Southport is a 2,400-square-foot storefront leased to Paper Source with a 900-square-foot basement. The other asset is leased to Third Love, a Leap Brand company, and totals 1,150 square feet with a 450-square-foot basement. Both are situated across the street from an Anthropologie store. Chris Irwin of Colliers represented the seller, MDN Development. Westin Kane of Mid-America represented the buyer, JB Realty.

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AcquisitionsArizonaFloridaNorth CarolinaOklahomaRetailTexasTop Stories

Partnership Acquires Multi-State Shopping Center Portfolio for $429M

by Hayden Spiess

ELMSFORD AND NEW YORK CITY, N.Y. — DLC, in partnership with a fund managed by DRA Advisors, has acquired a multi-state shopping center portfolio in an off-market transaction for $429 million. Totaling 2.1 million square feet, the portfolio comprises eight shopping centers across five states. The seller was not disclosed. The properties include Central Texas Marketplace in Waco, Texas; Portofino Shopping Center in the Houston suburb of Shenandoah; Watauga Pavilion in the Dallas suburb of Watauga; Shops at Park Place in Plano, Texas; Pavilion at King’s Grant in the northeast Charlotte suburb of Concord, N.C.; International Speedway Square in Daytona Beach, Fla.; Peoria Square in Glendale, Ariz.; and Belle Isle Station in Oklahoma City, Okla.  The portfolio was 91.3 percent leased at the time of sale. Long-term tenants across the portfolio include Nordstrom Rack, REI, T.J. Maxx, Ross Dress for Less, Dick’s Sporting Goods, HomeGoods, Marshalls, Total Wine & More and Ulta Beauty.  This portfolio marks DLC’s first retail acquisitions in Phoenix and Oklahoma and expands the company’s existing presence in Texas and Florida. In October, DLC and DRA Advisors purchased a $625 million retail portfolio on the West Coast. The two organizations have now completed more than $1.7 billion of …

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AcquisitionsIndustrialTexas

Cushman & Wakefield Arranges Sale of 380,020 SF Industrial Facility in Northwest Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Cushman & Wakefield has arranged the sale of Lone Star Commerce Center, a three-building, 380,020-square-foot industrial facility in northwest Fort Worth. Completed in 2021, the shallow-bay, multi-tenant property features 32-foot clear heights, 135- to 185-foot truck courts depths and LED lighting. Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt and Trevor Berry of Cushman & Wakefield represented the seller, a fund backed by Brookfield Asset Management, in the transaction. The buyer was Transwestern Investment Group. Lone Star Commerce Center was fully leased at the time of sale.

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