Tuesday, July 22, 2025
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Acquisitions

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AcquisitionsRetailUtahWestern

Capstone Enters Utah Market, Acquires Trail Crossing Shopping Center in South Jordan

by Amy Works

SOUTH JORDAN, UTAH — Capstone Advisors has entered the Utah market with the acquisition of Trail Crossing Shopping Center, a retail property at 5414 W. Daybreak Parkway in South Jordan, a suburb south of Salt Lake City. Wright Development Group sold the asset for an undisclosed price. Completed in 2017, Trail Crossing Shopping Center offers 38,397 square feet of retail space across five buildings. At the time of sale, the property was fully occupied, with Smith’s Food and Drug as the anchor tenant.

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AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

Hanley Investment, Oaks Commercial Arrange $3.8M Sale of McDonald’s-Occupied Property in Fountain Valley, California

by Amy Works

FOUNTAIN VALLEY, CALIF. — Hanley Investment Group Real Estate Advisors, in conjunction with Oaks Commercial Real Estate, has arranged the sale of a single-tenant restaurant property located at 11321 Talbert Ave. in the Orange County city of Fountain Valley. A Newport Beach-based family trust sold the absolute triple-net ground lease to a Fountain Valley-based 1031 exchange buyer for $3.8 million in an all-cash transaction. McDonald’s occupies the 3,500-square-foot property, which is an outparcel to a Costco Wholesale. Situated on an acre, the building was constructed in 2011. Bill Asher and Jeff Lefko of Hanley Investment Group, in association with Fred Encinas of Eastvale-based Oaks Commercial Real Estate, represented the seller. Robert Tran of Westminster-based HPT Realty represented the buyer in the deal.

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AcquisitionsColoradoMultifamilyWestern

NorthPeak Commercial Brokers $2.7M Sale of Copper Gold Apartments in Golden, Colorado

by Amy Works

GOLDEN, COLO. — NorthPeak Commercial Advisors has brokered the sale of Copper Gold Apartments, a 14-unit multifamily building located at 510 24th St. in Golden, a suburb west of Denver. The 4,464-square-foot asset traded for $2.7 million, or $192,857 per unit. Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors handled the transaction. The names of the seller and buyer were not released.

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AcquisitionsFloridaIndustrialSoutheast

Basis Industrial, NexPoint Acquire Lakefront Campus in Orlando for $25M

by John Nelson

ORLANDO, FLA. — Basis Industrial and NexPoint Real Estate Advisors have acquired Lakefront I and II, a multi-tenant industrial property in Orlando, for $25 million. Located at 6101, 6149, 6203 and 6251 Chancellor Drive and 6330 Emperor Drive, the property totals 192,767 square feet. Tenants at the development include CVS’ Advanced Care Scripts, Regions Bank, Rotech, U.S. Marshals and the Florida Agency for Workforce Innovation. Anthony Scavo of Basis represented the new ownership in the transaction, and Ron Rogg of CBRE represented the seller, B Group. Argentic provided 10-year acquisition financing to the buyers, which plan to invest in renovations to the property, including roof maintenance, new cameras, exterior and interior improvements, converting an office to warehouse space, rebranding and immediate repairs.

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AcquisitionsOfficeTexas

Newmark Brokers Sale of 193,854 SF Westway Office Complex in West Houston

by Taylor Williams

HOUSTON — Newmark has brokered the sale of One & Two Westway, a 193,854-square-foot office campus in West Houston. Developed by Wolff Cos., the 15-acre complex is located within the 150-acre Westway master-planned development and was 95 percent leased at the time of sale to four tenants in the healthcare, education, energy and homebuilding sectors. Gary Carr, Robert Hill and Chris Murphy of Newmark represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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AcquisitionsMultifamilyTexas

Excelsa Properties Buys 168-Unit Apartment Complex in North Dallas

by Taylor Williams

DALLAS — Maryland-based investment firm Excelsa Properties has purchased Pear Ridge, a 168-unit apartment complex in North Dallas that was originally built in 1986. According to Apartments.com, the property exclusively offers one-bedroom units and amenities such as a pool, fitness center, business center, clubhouse and outdoor grilling and dining stations. Excelsa plans to invest more than $4 million in capital improvements to unit interiors, building exteriors and amenity spaces. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Oxford Partners Arranges Sale of 84,651 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of an 84,651-square-foot industrial building located at 10610 Wyman Gordon Drive in Houston. According to Crexi, the building is part of Union Crossing Business Park, a six-building, 623,585-square-foot development on the city’s northwest side. Jeffery Arnaud and Matt Rogers of Oxford Partners represented the buyer, FJS Investments, in the transaction. Stephen Schneidau of Cushman & Wakefield represented the undisclosed seller.

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AcquisitionsIndustrialNew YorkNortheast

Global Net Lease Sells National Cold Storage Portfolio for $170M

by Taylor Williams

NEW YORK CITY — Global Net Lease (NYSE: GNL), a New York City-based REIT, has sold a national portfolio of nine cold storage properties for $170 million. The properties, the locations of which were not disclosed, are all leased to subsidiaries of operator Americold Realty Trust (NYSE: COLD), with a weighted average of 3.3 years of remaining term on the leases. The deal traded at a cap rate of 7.88 percent. The buyer was not disclosed.

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AcquisitionsAffordable HousingConnecticutDevelopmentMultifamilyNortheast

WinnCos. Buys 84-Unit Affordable Housing Complex in Hartford, Plans $18.7M Renovation

by Taylor Williams

HARTFORD, CONN. — Regional owner-operator WinnCos. has purchased Bedford Gardens Apartments, an 84-unit affordable housing complex in Hartford, with plans to implement an $18.7 million renovation. The 10-building complex was built in the 1920s, and its residences are reserved for households earning 60 percent or less of the area median income. Two Massachusetts-based firms, The Architectural Team and Keith Construction, are providing design and general contracting services for the project, respectively.

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AcquisitionsOfficeWashingtonWestern

King County Acquires Dexter Horton Office Building in Seattle for $36.6M

by Amy Works

SEATTLE — King County has purchased the Dexter Horton Building, an office building in downtown Seattle, for $36.6 million. The county worked with ING Group, a lender to the original property owner, to create a deal to transfer ownership. CIM Group acquired the asset in 2019 for $151 million. King County’s Department of Public Defense is one of nine tenants in the building and will now expand its presence at the property. The deal will save King County nearly $2 million per year in leasing costs and has the potential to be a future source of additional revenue to the county when new tenants fill the vacant space currently available in the building.

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