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Acquisitions

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AcquisitionsCaliforniaOfficeWestern

Cushman & Wakefield Arranges $33.7M Sale of Office Building in Ontario, California

by Amy Works

ONTARIO, CALIF. — Cushman & Wakefield has brokered the sale of 901 Via Piemonte, a Class A office building in Ontario. MGR Real Estate purchased the asset from Greenlaw Partners LLC for $33.7 million. Built in 2008, 901 Via Piemonte is five-story, 122,602-square-foot building. Additionally, the building includes 1,000 onsite parking spaces, advanced security systems and energy-efficient infrastructure. Jeffrey Cole, Nico Napolitano, Kristen Schottmiller and Ted Terry of Cushman & Wakefield represented the seller, while Michael Rademaker and Tony Hermosillo of MGR Real Estate represented the buyer in the transaction.

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AcquisitionsMidwestMultifamilyWisconsin

CBRE Negotiates $60M Sale of Milwaukee Multifamily Portfolio

by Kristin Harlow

MILWAUKEE — CBRE has arranged the sale of St. James Place and Arbor Ridge Apartments, a 374-unit multifamily portfolio in Milwaukee, for $60 million. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller, Weidner Apartment Homes. Jim Flinn of CBRE arranged financing on behalf of the undisclosed buyer. Both properties are located in the city’s Calumet Farms neighborhood. St. James Place consists of 236 units ranging from 675 to 1,060 square feet. Arbor Ridge features 138 units ranging from 788 to 1,125 square feet.

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AcquisitionsIndianaIndustrialMidwest

JLL Arranges Sale of 500,406 SF Industrial Building Near Indianapolis

by Kristin Harlow

MOORESVILLE, IND. — JLL Capital Markets has arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot sustainable food packaging building in Mooresville near Indianapolis. Completed in 2022, the cross-dock facility is fully leased to a packaging and manufacturing company. It features a clear height of 40 feet, 52 dock-high doors, three drive-in doors, a 140-foot truck court, 319 automobile parking spaces and 60 trailer parking positions. The property also includes 12,417 square feet of office space. John Huguenard, Ed Halaburt, Will McCormack and Cameron Chandra of JLL represented the seller, Ambrose. SkyREM acquired the asset.

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AcquisitionsMidwestMinnesota

Northmarq Expands Investment Platform with Acquisition of Thirdline Capital Management

by Kristin Harlow

MINNEAPOLIS — Minneapolis-based Northmarq has acquired Thirdline Capital Management LLC, a registered investment advisor that manages the Thirdline Real Estate Income Fund (TREIX). Northmarq Fund Management (NFM), founded in 2002, invests and manages debt and equity capital nationwide, and specializes in small-balance and mid-market commercial real estate investments. Adding Thirdline broadens Northmarq’s presence in income-oriented investments and provides a registered fund available to a variety of institutional and individual investors. Northmarq says the transaction represents a significant milestone in its continued evolution as a diversified capital markets firm and investment manager. By combining Northmarq’s existing private fund management business with TREIX’s publicly registered fund platform, the acquisition broadens the firm’s ability to efficiently connect investors with commercial real estate opportunities across the capital stack. The addition of TREIX enables NFM to expand its capabilities and market presence in income-oriented investments such as mezzanine loans, B-notes and real estate securities. For TREIX, the move seeks to grow and further diversify the portfolio across geography, product types and investment types.

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AcquisitionsDevelopmentIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Brokers $4.5M Land Sale for Industrial Development in Metro Chicago

by Kristin Harlow

FRANKLIN PARK, ILL. — Lee & Associates of Illinois has brokered the $4.5 million sale of 4 acres at 11330 W. Melrose Ave. in Franklin Park. Jeff Provenza of Lee & Associates represented the buyer, Seefried Industrial Properties, which plans to develop an 81,670-square-foot building. Slated for completion in June 2027, the property will feature 32-foot ceilings, 14 exterior loading docks and visibility from I-294. Provenza and his team have also been retained for leasing. O’Brien Investment Group was the seller.

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AcquisitionsIndustrialTexas

Link Logistics Acquires 61,111 SF Industrial Building in Round Rock, Texas

by Taylor Williams

ROUND ROCK, TEXAS — New York City-based Link Logistics has acquired a 61,111-square-foot industrial building in the northern Austin suburb of Round Rock. According to LoopNet Inc., the building at 2401 Double Creek Drive was constructed in 1998. Link Logistics acquired the building, which was fully leased at the time of sale, as part of a two-property portfolio deal that also included a 291,285-square-foot property in the Dallas-Fort Worth metroplex city of Coppell. Stream Realty Partners brokered the deal. The seller and sales price were not disclosed.

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AcquisitionsFloridaLoansOfficeSoutheast

Newmark Arranges Acquisition Financing for 1.7 MSF BRiC Office Campus in South Florida

by John Nelson

BOCA RATON, FLA. — Newmark has arranged an undisclosed amount of acquisition financing for Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office and research-and-development campus located at 5000 T-Rex Ave. in Boca Raton. West Palm Beach, Fla.-based Related Ross purchased the 124-acre property for an undisclosed price. According to South Florida Business Journal, the selling entity comprised locally based CP Group, DRA Advisors, Las Olas Capital Advisors and Rialto. Jordan Roeschlaub, Nick Scribani, John Caraviello and Josh King of Newmark arranged the acquisition financing through Ares Real Estate funds. The BRiC site used to serve as the regional headquarters campus for IBM. In addition to offices and laboratory space, BRiC features two cafés, an 800-seat presentation hall, multiple event spaces, a gym and direct shuttle service to the Boca Raton Tri-Rail station. Tenants at the campus include D-Wave Quantum Inc., Modernizing Medicine, Cinch Home Services, Allstar Recruiting Locums LLC and Everglades University.

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AcquisitionsAlabamaDevelopmentIndustrialSoutheast

PRP Purchases Hyundai Mobis-Leased Distribution Center in Montgomery for $66.5M, Plans Expansion

by John Nelson

MONTGOMERY, ALA. — PRP Real Assets has acquired a newly built distribution center in Montgomery for $66.5 million. Delivered in September 2025, the 459,680-square-foot property is leased to Hyundai for 14 years and guaranteed by Hyundai Mobis, a supplier that is using the facility as its flagship redistribution center for Hyundai, Kia and Genesis aftermarket service parts. The facility services more than 2,000 car dealerships nationwide and is fully integrated within a larger, 1.6 million-square-foot Hyundai campus. The property is situated on a 60-acre site and features 36-foot clear heights, 36 dock-high doors and ESFR fire protection. In addition to the acquisition, PRP Real Assets has agreed to provide $30 million in incremental funding to expand the facility by more than 240,000 square feet. Further details of the expansion were not released.

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AcquisitionsMultifamilySoutheastTennessee

Blackfin, Enterprise to Acquire Apartment Community in South Nashville for $26M

by John Nelson

NASHVILLE, TENN. — Blackfin Real Estate Investors LLC and Enterprise Community Partners plan to acquire Brookridge Apartments, a 177-unit community located at 100 Brookridge Trail in Nashville. The seller and sales price were not disclosed. Enterprise is acquiring its equity stake in the venture via its Enterprise Preservation Fund VI. Situated on the city’s south side, Brookridge Apartments is a garden-style property that was delivered in 1986 and comprises primarily two-bedroom apartments with units averaging 1,023 square feet in size.

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AcquisitionsConnecticutMultifamilyNortheast

JLL Negotiates $27M Sale of Apartment Complex in Haddam, Connecticut

by Taylor Williams

HADDAM, CONN. — JLL has negotiated the $27 million sale of Blueway Commons, an 88-unit apartment complex in Haddam, located in Middlesex County. Blueway Commons was built on 6.5 acres between 2023 and 2025. The property features one- and two-bedroom units, 10 of which are workforce housing residences, with an average size of 967 square feet that are housed across five two-story buildings. Amenities include a clubhouse with a coffee bar, fitness center and an outdoor kitchen with a pergola. Jon Bryant, John Flaherty and Steve Simonelli of JLL represented the seller, Elm Tree Communities, in the transaction. The buyer was RAK Realty.

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