Acquisitions

Fairbanks-Northwest-Distribution-Center-Houston

HOUSTON — JLL has negotiated the sale of Fairbanks Northwest Distribution Center, a 357,570-square-foot industrial property in northwest Houston. The two-building, cross-dock complex was constructed on a 23.4-acre site in 2023. The buildings span 194,780 and 162,790 square feet and were 80 percent leased at the time of sale to tenants in the automotive parts distribution and recreational facilities sectors. Building features include 32-foot clear heights, as well as a combined 72 dock doors, eight drive-in doors, 10,471 square feet of office space and parking for 252 cars and 111 trailers. Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold of JLL represented the seller, Triten Real Estate Partners, in the transaction. The buyer was a fund backed by Ares Real Estate.

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HOUSTON — Chicago-based investment firm CenterPoint Investment Management has acquired two industrial buildings totaling 192,318 square feet in South Houston. The shallow-bay buildings at 11217 Telephone Road were constructed in 2024 and both offer frontage along Beltway 8 and include a 1.3-acre outdoor storage yard. The buildings, which were fully leased at the time of sale, also feature 28-foot clear heights and a combined 52 dock-high doors, four drive-in doors and 318 car parking spaces. The seller and sales price were not disclosed.

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DALLAS — Partners Real Estate has brokered the sale of a 114,525-square-foot office building in northeast Dallas. According to LoopNet Inc., the seven-story building at 6500 Greenville Ave. was constructed in 1981 and renovated in 2000. Justin Utay and Jeremy Brubaker of Partners represented the undisclosed buyer, which plans to make capital improvement to the building, in the transaction. The seller and sales price were also not disclosed.

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FORT MYERS, FLA. — JLL has negotiated the sale of Daniels Crossing, a 110,780-square-foot, Publix-anchored shopping center located at 6900 Daniels Parkway in Fort Myers. Publix Super Markets Inc. purchased the recently redeveloped center from the seller, a joint venture between Forge Capital Partners and The Sembler Co. The sales price was not released. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction. Daniels Crossing was fully leased at the time of sale to Publix, Quest Diagnostics, Hope Chest Hospice, Millennium Physicians Group and The UPS Store.

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LEXINGTON, KY. — TSB Realty has arranged the sale of Campus Court, a 398-bed student housing property located near the University of Kentucky campus in Lexington. Coastal Ridge Real Estate purchased the community from an undisclosed seller. Terms of the transaction were not released. Originally constructed in 1988, Campus Court was updated in 2008 and offers 238 units in a mix of one-, two- and three-bedroom configurations. Amenities include a resort-style pool, fitness center, basketball court, dog park, tanning beds, private study rooms, a barbecue and picnic area and a TV lounge and game room. The community was 99 percent leased at the time of sale.

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8700-N-91st-Ave-Peoria-AZ

PEORIA, ARIZ. — Trumark Real Estate Management has acquired a multi-tenant industrial building, located at 8700 N. 91st Ave. in Peoria, from The Initial Development Co. for $20.7 million. Geoffrey Turbow of CBRE represented the buyer in the transaction. The asset was acquired as part of a 1031 exchange. Completed in 2024, the 75,549-square-foot, multi-tenant industrial property features grade-level doors to each bay, two shared loading docks and visibility and signage opportunities along Loop 101. At the time of sale, the property was fully occupied.

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3450-N-Nevada-Ave-Colorado-Springs-CO

COLORADO SPRINGS, COLO. — Marcus & Millichap has negotiated the sale of a flex industrial building located at 3450 N. Nevada Ave. in Colorado Springs. A private investor group based in California and New York acquired the property for $4.5 million. Max Rist and Brandon Kramer of Marcus & Millichap’s Denver office represented the seller, a Colorado Springs-based private partnership, in the deal. Built in 1966 on 2.8 acres, the 54,882-square-foot industrial/flex asset is configured into two functional suites, allowing for single-user or multi-tenant occupancy. The buyer plans to redevelop the property to better accommodate modern industrial tenant requirements.

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TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 52,000-square-foot office building located located at 100-150 N. Tucson Blvd. in Tucson. Tucson Sam Hughes LLC acquired the asset from Eria LLC for $3.3 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Robert Davis of Tango Commercial Real Estate represented the buyer in the deal.

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Millyard-at-Meadow-Commons-Newinngton-Connecticut

NEWINGTON, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Millyard at Meadow Commons, a 269-unit apartment complex in Newington, a southern suburb of Hartford. Built in 2025, the property features studio, one-, two- and three-bedroom units and amenities such as a pool, outdoor grilling and dining stations, resident lounge and a game room. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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MERRILLVILLE AND WHITESTOWN, IND. — The Missner Group has acquired three Class A industrial properties totaling 843,531 square feet in Indiana. The acquisition includes a two-building, 540,986-square-foot portfolio located at 9401 and 9602 Georgia St. in Merrillville and a newly constructed 302,545-square-foot logistics facility situated within 65 Commerce Park in Whitestown. With the addition of these assets, Missner will nearly double its industrial portfolio from roughly 1.2 million square feet to more than 2.2 million square feet. Built in 2021 and 2022, the Merrillville portfolio is fully leased to four tenants, including NFI Industries, WABTEC and EMCOR-Hyre Electric Co. of Indiana. Located roughly 40 miles from downtown Chicago, the properties provide direct access to I-65, I-80/I-94 and I-90. The Whitestown property, completed in 2023, is fully leased to Style Link Logistics LLC and backed by a corporate guaranty from SHEIN Distribution Corp. The facility features a clear height of 32 feet, ESFR sprinklers, LED lighting, 30 dock doors, trailer parking, multi-tenant flexibility and proximity to the Indianapolis International Airport. Missner will oversee management of the assets. CBRE National Partners represented the sellers in the Whitestown transaction.

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