Thursday, April 9, 2026
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Acquisitions

Forum-Gilbert-Ranch-AZ
AcquisitionsArizonaOfficeWestern

CBRE Brokers $23.5M Sale of The Forum at Gilbert Ranch Office Campus in Arizona

by Amy Works

GILBERT, ARIZ. — CBRE has brokered the sale of The Forum at Gilbert Ranch, a Class A, 97,000-square-foot office campus in Gilbert. A private, high-net-worth 1031 exchange investor acquired the asset from a private seller for $23.5 million. The Forum at Gilbert Ranch consists of a single-story building and four two-story buildings, with an average suite size of 4,500 square feet. Additionally, the property offers onsite amenities and covered parking. The asset is situated on 6.5 acres at 1475, 1482, 1528 and 1530 E. Williams Field Road and 2314 S. Val Vista Drive. At the time of sale, the property was 96 percent leased. Geoff Turbow, Anthony DeLorenzo, Matt Pourcho and Charlie von Arentschildt of CBRE represented the seller in the deal. The buyer was self-represented.

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1415-W-Third-St-Tempe-AZ
AcquisitionsArizonaIndustrialWestern

Diversified Healthcare Trust Sells 82,266 SF Industrial Facility in Tempe, Arizona

by Amy Works

TEMPE, ARIZ. — Diversified Healthcare Trust has completed the $16.8 million disposition of an industrial building, located at 1415 W. Third St. in Tempe, to an undisclosed buyer. Evan Koplan and Charlie von Arenstchildt of CBRE represented the seller in the transaction. Situated on 5.3 acres, the 82,266-square-foot building features a floor plate divisible to 23,000 square feet, 18- to 20-foot clear heights, a double truck well, four grade-level doors, 100 percent air conditioning and 265 parking stalls. The facility was built in 1981. The asset includes 3 acres of excess land for heavy parking, yard use or future building expansion.

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Rampart-Medical-Campus-Denver-CO
AcquisitionsColoradoHealthcareWestern

Echo Real Estate Capital Buys 70,631 SF Rampart Medical Campus in Denver

by Amy Works

DENVER — Echo Real Estate Capital has acquired Rampart Medical Campus, a two-building portfolio of medical outpatient buildings located at 125 and 130 Rampart Way in Denver. Terms of the transaction were not released. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Trent Jennett and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE’s Denver Advisory and Transaction team to represent the undisclosed seller in the transaction. Rampart Medical Campus’ two buildings offer a total of 70,631 square feet of space. Originally built in 1942, the properties were repositioned into medical outpatient facilities in 2000 and 2008 to capitalize on the expanding local healthcare network with seven hospitals totaling more than 2,900 inpatient beds in the area. At the time of sale, the property was 50 percent occupied.

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AcquisitionsIllinoisMidwestMultifamily

JLL Negotiates $88.2M Sale of Cobbler Square Apartment Property in Chicago

by Kristin Harlow

CHICAGO — JLL Capital Markets has negotiated the $88.2 million sale of Cobbler Square, an historic, 292-unit apartment property in Chicago’s Old Town neighborhood. The community occupies an entire city block at 1350 N. Wells St. Originally built in 1889 as the Dr. Scholl’s shoe factory, Cobbler Square was converted into residential use in 1985. The property offers a mix of studios, one- and two-bedroom, loft-style units with ceiling heights ranging from 12 to 18 feet. The asset also features 19,038 square feet of retail space that is fully leased. Cobbler Square presents value-add potential with opportunities to continue the programmatic renovation plan for unit interiors. The property also offers development opportunities — potential construction on an adjacent parking lot and the possibility of adding units above an existing parking garage. Mark Stern, Kevin Girard, Zach Kaufman and Sam Grohe of JLL represented the undisclosed seller. JDL Development LLC and Centaur Capital Partners purchased the property.

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AcquisitionsHealthcareMidwestWisconsin

CBRE Arranges Sale of 100,977 SF Tosa Health Center in Wauwatosa, Wisconsin

by Kristin Harlow

WAUWATOSA, WIS. — CBRE has arranged the sale of Tosa Health Center, a 100,977-square-foot Class A medical office building in the Milwaukee suburb of Wauwatosa, for an undisclosed price. The three-story facility at 1155 N. Mayfair Road is fully leased to the Medical College of Wisconsin (MCW). Originally constructed as a build-to-suit for MCW, the facility was later expanded to accommodate MCW’s growth. A wide range of services are offered from the building, including primary care, urgent care, internal medicine, OB-GYN, mental health services, family medicine, spine care, imaging, laboratory, pharmacy, physical therapy, occupational medicine, plastic surgery and a vein center. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett, Jesse Greshin and Devin Tessmer of CBRE represented the undisclosed seller. Hammes Partners was the buyer.

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AcquisitionsMidwestMinnesotaRetail

Hanley Investment Group Brokers $8.2M Sale of Two Retail Buildings in Metro Minneapolis

by Kristin Harlow

COON RAPIDS, MINN. — Hanley Investment Group Real Estate Advisors has brokered the $8.2 million sale of two newly constructed retail buildings in the Minneapolis suburb of Coon Rapids. The transaction included a 3,893-square-foot, single-tenant property occupied by Café Zupas and a 6,297-square-foot, two-tenant building home to Dave’s Hot Chicken and Chapter Aesthetic Studio. Both properties feature drive-thrus and are located at the signalized entrance to Riverdale Commons, a shopping center anchored by Target and Home Depot. Jeff Lefko and Bill Asher of Hanley Investment Group, in association with Robert Wise and Jeff Jiovanazzo of CBRE, represented the seller, TOLD Development Co. Curbline Properties was the buyer.

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AcquisitionsIllinoisMidwestRetail

Greenstone Partners Negotiates $3.3M Sale of Retail Property in Chicago’s Wicker Park

by Kristin Harlow

CHICAGO — Greenstone Partners has negotiated the $3.3 million sale of a 4,747-square-foot retail property in Chicago’s Wicker Park neighborhood. The asset on North Damen Avenue is fully leased to Chipotle and Playa Bowls and sold for 99 percent of the list price. Chipotle has operated at the property since 2004 and recently exercised its last remaining five-year renewal option. Playa Bowls entered into a new 10-year lease. Danny Spitz and Brewster Hague of Greenstone represented the seller, a Chicago-based investment and development company. Buyer information was not provided.

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AcquisitionsDevelopmentIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 10-Acre Industrial Development Site in Eagle Pass, Texas

by Taylor Williams

EAGLE PASS, TEXAS — Lee & Associates has negotiated the sale of a 10-acre industrial development site in Eagle Pass, located north of Laredo along the Texas-Mexico border. The site at 4338 El Indo Highway is located within the 2,000-acre Empire Industrial Park. Enrique Volkmer of Lee & Associates represented the seller, an entity doing business as Empire Industrial Park LLC, in the lease negotiations. P.W. Ellis represented the buyer, Pilot Travel Centers LLC, which plans to develop and operate a diesel station and truck stop at the site. Vertical construction of the first 136,000-square-foot building is scheduled to begin in April.

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Mariner-Apts-San-Diego-CA.jpg
AcquisitionsCaliforniaMultifamilyWestern

Voit Brokers $9.2M Sale of Mariner Apartments in San Diego’s South Mission Beach

by Amy Works

SAN DIEGO — Voit Real Estate Services has arranged the sale of Mariner Apartments, a 16-unit beachfront multifamily complex in San Diego’s South Mission Beach neighborhood. Stingray Management LLC and JKCW sold the asset to a private investor for $9.2 million. Constructed in 1962, Mariner offers eight studios, seven two-bedroom units and a three-bedroom penthouse with oceanfront patios and decks and 17 parking spaces, as well as 84 feet of ocean frontage. The property is located at 2801 Ocean Front Walk. Robert Vallera and Jon Boland of Voit represented the sellers, while Cody Evans of South Coast Commercial represented the buyer in the deal.

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9501-W-Peoria-Ave-Peoria-AZ
AcquisitionsArizonaRetailWestern

Old Man Cactus Buys Retail Center in Peoria, Arizona for $2.8M

by Amy Works

PEORIA, ARIZ. — San Jose, Calif.-based Old Man Cactus LLC has acquired Sun Aire Plaza II, a retail center in Peoria, from Chandler, Ariz.-based Fen Investments for $2.8 million. Located at 9501 W. Peoria Ave., Sun Aire Plaza II offers 64,033 square feet of retail space on 1.5 acres. Troy Giammarco of NAI Horizon First represented the buyer, while Cindy Moy-Zhang and Brook Miller of Re/Max Solutions represented the seller in the deal.

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