Acquisitions

BOSSIER CITY, LA. — Red Oak Capital Holdings LLC has provided a $3.5 million bridge loan for the acquisition and repositioning of Swan Lake Apartments, an 82-unit community located at 4632 Ruffin St. in Bossier City. Stratos Athanassiades, Thomas Gorski and James Myatt of Red Oak secured the loan on behalf of the borrower, GemStar Capital Group. The loan features an initial 18-month term and was underwritten at a loan-to-stabilized-value ratio of 73.46 percent. Built in 1970, Swan Lake comprises 12 two-story buildings and was 82 percent occupied at loan closing. The 5.2-acre property features a unit mix of 35 one-bedroom, 41 two-bedroom and six three-bedroom apartments. The borrower plans to make light interior renovations and modest exterior repairs/enhancements over the next 12 months. Swan Lake is the first acquisition outside of the Northeast for GemStar.

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VALLEY VIEW, TEXAS — Marcus & Millichap has brokered the sale of A-Affordable Boat & RV Storage, a 451-unit facility located in the North Texas city of Valley View. The facility was built on 12.5 acres in 2023 and totals 175,254 net rentable square feet. The unit mix comprises 381 covered parking spaces, 29 uncovered spaces, 23 climate-controlled self-storage units, 17 non-climate-controlled drive-up units and a 720-square-foot apartment. Danny Cunningham, Brandon Karr and Jon Danklefs of Marcus & Millichap represented the seller, Ciera Bank, which had foreclosed on the property in early 2025, in the transaction. The buyer was not disclosed.

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CAMBRIDGE, MASS. — Walker & Dunlop has arranged the $53.6 million sale of 929 MASS, a two-building, mixed-use property in Cambridge, located across the Charles River from Boston. The property consists of 18-story building with 96 apartments, 12,451 square feet of commercial space and 101 parking spaces, along with a contiguous five-story building with 31 residential units. Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland of Walker & Dunlop represented the undisclosed, institutional seller in the transaction. The buyer was John M Corcoran & Co.

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HACKETTSTOWN, N.J. — Saddleback Real Estate Developers has sold a 50,000-square-foot industrial building in Hackettstown, about 65 miles west of New York City, for $13 million. The buyer was Bytech, a Brooklyn-based mobile accessories manufacturer. The newly constructed building at 999 Willow Grove St. features clear heights of 28 to 32 feet, four loading doors and an acre of outdoor storage space. Robert Adams of Garden State Realty brokered the sale of the building, which was financed by Kearny Bank.

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SCARBOROUGH, MAINE — The RAM Cos., a Maine-based investment firm, has purchased a 66,000-square-foot vacant industrial building in Scarborough, located just south of Portland. The site at 16 Washington Ave. spans 15 acres within Scarborough Industrial Park. The building, which was formerly owned and occupied by packaging products and services provider Sonoco Corp., offers a clear height of 23.5 feet and more than 100 parking spaces. RAM Cos. plans to make capital improvements to the building.

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BROOKSHIRE, TEXAS — Stream Realty Partners has sold two industrial buildings totaling approximately 1.6 million square feet in Brookshire, a western suburb of Houston, to institutional investment firm BGO (formerly known as BentallGreenOak). The sales price was not disclosed. The structures are Buildings 9 and 10 within Empire West, a 10-building, 3.9 million-square-foot development that was completed in phases over the past six years. Both buildings were fully leased to Tesla at the time of sale. Construction of Phase I of Empire West began in summer 2020 and comprised three buildings totaling roughly 1 million square feet. The second phase was completed in fall 2022 and totaled another 2.3 million square feet across six buildings. Other tenants at Empire West, which also features a 16.6-acre outdoor storage yard, include Professional Packaging, H-E-B, Ferguson Enterprises, Pointsmith Point-of-Purchase Management Services and Cotton Commercial USA. Seth Koschak, Matteson Hamilton, Justin Robinson, Mustafa Ali and Adam Jackson of Stream Realty Partners coordinated with Eastdil Secured to broker the deal. Earlier this year, Stream sold Buildings 1, 3 and 8 within Empire West, which collectively total approximately 1 million square feet, to Kansas City-based investment firm NorthPoint Development. That sale included the aforementioned outdoor storage …

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AVONDALE, ARIZ. — Arizona-based Bela Flor and TruVista Development have completed the sale of Avalon Townhomes, a build-to-rent community in Avondale. An undisclosed buyer acquired the asset for $30.1 million, or $430,000 per unit. Completed in 2025, Avalon Townhomes features 70 two- and three-bedroom townhomes averaging 1,677 square feet in size. The townhomes offer quartz counters, kitchen islands, luxury plank flooring, stainless steel appliances, walk-in closets, dual vanities, doggy doors, full smart-home connectivity, as well as direct-access one- and two-car garages with EV charging, dedicated driveways, private enclosed backyards. Community amenities include a resort-style pool and spa, pet park, an outdoor fitness circuit, a barbecue ramada and abundant guest parking. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia’s Phoenix office represented the seller in the deal.

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OLYMPIA, WASH. — Northmarq has arranged the sale of Merritt Manor, a mid-rise apartment community in Olympia. Fourth Street’s Merritt Manor LLC sold the asset to Merritt Manor LLC for $19.5 million. Joe Kinkopf, Steve Fischer and Tyler Smith of Northmarq’s Seattle Investment Sales team represented the seller in the transaction. Located at 3335 Martin Way E, Merritt Manor features 82 two- and three-bedroom apartments with stainless steel appliances, granite countertops, moving kitchen islands, full-size washer/dryers, carpets bedrooms and walk-in closets. Community amenities include a community garden, grilling area, playground, basketball court, community lounge, EV charging station, ample off-street parking, elevator access and video patrol. The property was built in 2020.

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LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the $3.5 million sale of two retail properties in Littleton. Totaling 8,558 square feet, the properties are the Kauer Building at 2500 W. Main St. and an Art Deco-style building at 5711 S. Nevada St. The buildings were fully leased at the time of sale. R.C. Myles and Craig Myles of Pinnacle’s MB Team, along with Eric Shaw of Pinnacle Real Estate Advisors, represented the undisclosed sellers in the deal. The name of the buyer was not released.

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RICHMOND, VA. — Newmark has facilitated the $44.5 million sale of a three-building office portfolio located in Richmond. Will Bradley and Mark Williford of Newmark represented the seller, Minneapolis-based Onward Investors, in the transaction. Onward Investors originally purchased the complex about 18 months prior for $31 million, as reported by Richmond BizSense. The buyer was not disclosed. Situated at 5600-5640 Cox Road, the portfolio totals 300,364 square feet. The office buildings were fully leased at the time of sale to tenants including data center operator Black Knight, the Commonwealth of Virginia’s Department of Social Services and local water treatment firm ChemTreat.

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