COLUMBUS, OHIO — American Commercial Realty (ACR) has purchased seven retail centers in Columbus totaling approximately 215,000 square feet. There are five centers on and near the “Main Street” corridor east of downtown and two properties along the Dublin-Granville corridor in the city’s northeast side. The assets include Village Centre, Beechcroft Centre, Main Hamilton Center, 5156 E Main St Centre, Wyandotte Centre and McNaughten Center. ACR also unveiled that Marx Bagels, a kosher bagel bakery from Cincinnati with roots in the Columbus market, will be taking over the space at McNaughten Center long occupied by Block’s Bagels. Palm Beach Gardens, Fla.-based ACR owns and operates more than 2.5 million square feet of commercial properties in addition to a multifamily portfolio. The portfolio marks the company’s first Columbus acquisition.
FISHERS, IND. — Bradford Allen has acquired the SpringHill Suites Indianapolis Fishers hotel, a 130-room select-service hotel located adjacent to the new Cadillac Formula 1 headquarters, which is being developed by Bradford Allen. The purchase price was undisclosed. Located near I-69 in the Indianapolis North Loop submarket, the hotel is less than three miles from the new Fishers Event Center and within 20 miles of the Indianapolis Motor Speedway. Opened in 2007 and renovated in 2016, the property features an indoor pool, meeting room, convenience store, fitness center, laundry room, complimentary breakfast buffet and complimentary onsite parking. Since launching its hospitality platform in 2022, Bradford Allen has acquired seven hotels totaling about 900 rooms.
GAINESVILLE, FLA. — Prudent Growth Partners LLC, a private equity firm based in Chapel Hill, N.C., has purchased SouthGate Centre, a 24,025-square-foot retail center in Gainesville. The undisclosed seller sold the property for approximately $5.2 million. Built in 1989 within 1.5 miles from the University of Florida, SouthGate Centre was leased to 13 lifestyle and service retailers at the time of sale.
TUCSON, ARIZ. — Winterhaven Investors LLC has acquired Winterhaven Square, a retail center in Tucson, from Glover Associates LP for $5.3 million. Located at 3102-3160 E. Fort Lowell Road, Winterhaven Square offers 35,300 square feet of retail space. Greg Furrier, Rob Tomlinson and Natalie Furrier of Cushman & Wakefield | PICOR handled the transaction.
OLYMPIA, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Parkview, a multifamily property within the 137-acre Briggs Village master-planned community in Olympia. Amoroso Cos. sold the asset to Nearon Enterprises for an undisclosed price. Completed in 2012, Parkview offers 72 one-, two- and three-bedroom apartments with nine-foot ceilings, electric fireplaces and private decks or patios. Community amenities include onsite parking, bike storage, a fenced dog run and package lockers. Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Anthony Palladino of IPA represented the seller and procured the buyer in the deal.
NEWPORT BEACH, CALIF. — CBRE has facilitated the sale of 1419 Superior Avenue, a medical office building in Newport Beach, to a local owner-user. Equity Enterprises Ltd. sold the property for $5 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su of CBRE represented the seller in the deal. Situated across from the 498-bed acute care hospital Hoag Newport Beach, the 8,935-square-foot building was 62 percent leased at the time of sale to four tenants.
OCEANSIDE, CALIF. — Premier Property Management LLC has sold 634 Crouch Street, an industrial property in Oceanside, to Legacy West Partners LLC for $1.5 million. Ben Tashakorian and Brad Peters of Marcus & Millichap represented the seller and procured the buyer in the transaction. The property offers 5,800 square feet of industrial space spread across six buildings. The asset includes 0.4 acres of land on two parcels, with two entrances and a separate bay for multi-tenant use. Additionally, one unit has a residential unit attached. At the time of sale, the property was fully leased.
MIDLOTHIAN, TEXAS — Brokerage and advisory firm Binswanger has arranged the sale of an 852,987-square-foot vacant industrial facility in the southern Dallas suburb of Midlothian. The rail-served facility sits on a roughly 94-acre site at 3800 Railport Parkway and features 50-foot clear heights throughout and ample trailer parking space. The site can also support future expansion. MPI Group LLC sold the property to CAPSTAR Real Estate Advisors for an undisclosed price. Holmes Davis of Binswanger brokered the deal. The new ownership plans to market the property to manufacturing and distribution users.
CORNELIA, GA. — Cushman & Wakefield has arranged the sale of Habersham Village, a 146,544-square-foot shopping center located in Cornelia, about 25 miles northeast of Gainesville, Ga. Morrison Group acquired the property for an undisclosed price. Habersham Village was recently redeveloped to accommodate four anchor tenants, including T.J. Maxx, Michaels, Planet Fitness and Bealls. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the seller, an affiliate of Atlanta-based Vanguard Associates, Inc., in the transaction.
HUFFMAN, TEXAS — Marcus & Millichap has brokered the sale of Huffman 2100 Storage, a 451-unit self-storage facility located northeast of Houston. Built in 2018 and expanded in 2023, the six-building facility totals 48,550 net rentable square feet of space across 264 climate-controlled units, 172 non-climate-controlled units and 15 outdoor parking spaces. Dave Knobler, Charles LeClaire, Mixson Staffel and Adam Schlosser of Marcus & Millichap represented the seller, a local limited liability company, in the transaction and procured the buyer, an Arizona-based REIT. Both parties requested anonymity.