WEST SACRAMENTO, CALIF. — CBRE has arranged the sale of Harbor Central, a neighborhood retail center in West Sacramento. A subsidiary of CJ Park & Associates acquired the asset from Harbor Corners LLC for $6.2 million. Randy Getz and Rick Martinez of CBRE represented the seller in the deal. Located at 805-831 Harbor Blvd., Harbor Central features 22,198 square feet of retail space that was built in 1992 on 1.7 acres. Current tenants include Vista Paint, Domino’s, Subway and Raku Sushi.
RALEIGH, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power shopping center located on 53 acres along U.S. Route 1 in Raleigh. The Bethesda, Md.-based investment and management firm sold the property to Des Moines, Iowa-based Principal Financial Group for $80.6 million. Adam Russ, Erin Varol, Ryan Sciullo and Casey Smith of CBRE represented the seller in the transaction. Finmarc originally purchased the center, then known as Plantation Point Shopping Center, in late 2021. Built in 2006, Capital Marketplace’s tenant roster includes Bob’s Discount Furniture, BJ’s Wholesale Club, Burlington, Dollar Tree, LA Fitness and ParTee Shack.
ROCK HILL, S.C. — BGO has purchased Legacy Park East, an 851,500-square-foot logistics facility located at 2087 Williams Industrial Blvd. in Rock Hill, a southern suburb of Charlotte. Dave Andrews, Pete Pittroff, Michael Scarnato and Michael Lewis of JLL represented the seller, Scannell Properties, in the transaction. The sales price was not disclosed. Built in 2024, Legacy Park East is situated on a 72.7-acre site near I-77 and the Norfolk Southern Charlotte Intermodal Terminal. The property features 40-foot clear heights, 185-foot truck courts, 177 trailer parking spaces and 403 auto parking positions and was fully leased to two tenants at the time of sale.
WARREN, N.J. — Colliers has brokered the sale of a 45,800-square-foot office building in the Central New Jersey community of Warren. The building at 45 Technology Drive was vacant at the time of sale. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the seller and procured the buyer and future occupant, both of which requested anonymity, in the transaction.
DALLAS — Lee & Associates has negotiated the sale of four industrial outdoor storage (IOS) sites in Texas. The facilities — located at 1927 W. Commerce St. in Dallas, 3405 Aldine Bender Road in Houston, 3928 Naco Perrin Blvd in San Antonio and 8601 Tuscany Way in Austin — traded as part of a 56.2-acre, 230,000-square-foot IOS portfolio that also included a facility in Chicago. Alex Wilson of Lee & Associates represented the buyer, Transport Properties, in the transaction. The seller and sales price were not disclosed.
ALTAMONTE SPRINGS, FLA. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction. Washington Prime Group sold the property for $59.5 million, according to several media outlets.
UPLAND, CALIF. — WMC Commercial Properties has purchased Upland Village Green, a multifamily community in Upland, from an undisclosed seller for $48.5 million. Kevin Green, Joseph Grabiec, Chris Zorbas and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Upland Village Green features 24 residential buildings with electronic access entry gates, a swimming pool, spa and sundeck. Apartments feature open floor plans, private patios or balconies and illuminated ceiling fans.
TUCSON, ARIZ. — Trade Winds Properties LLC has purchased 13,602 square feet of office condos within St. Mary’s Medical Plaza II, located at 1704 W. Anklam Road in Tucson. NWI St. Mary Medical Plaza Holdco LLC sold the assets for $1.8 million. Thomas Nieman and Bryce Horner of Cushman & Wakefield | PICOR represented the seller, while Timothy Redelsperger of Long Realty Uptown represented the buyer in the deal.
MATTESON, ILL. — Cushman & Wakefield has brokered the $26.4 million sale of The Manors at Brookmere, a 108-unit build-to-rent (BTR) community in Matteson, a southern suburb of Chicago. Homebuilder Lennar developed the property in 2016. The transaction represents one of the first sales of a stabilized BTR community in Chicagoland, according to Cushman & Wakefield. Brad Smith, Jack Maloney and Anna Lovell of Cushman & Wakefield represented the seller, Haven Realty Capital. The buyer was a joint venture between Ashland Capital and Crest Capital. The Manors at Brookmere consists of a collection of contiguous quadplex buildings offering two-story residences with two- and three-bedroom layouts. Units include private entrances, attached one- and two-car garages, vaulted ceilings in living areas, stainless steel appliances and in-unit washers and dryers. Daniel Management Group will manage the property.
INDIANAPOLIS — Colliers has negotiated the sale of Georgetown Commerce Park, a two-building light industrial portfolio totaling 149,012 square feet in Indianapolis. The properties are situated within the Park 100 industrial park and feature clear heights ranging from 16 to 20 feet, 25 dock doors, 23 drive-in doors and 337 parking spaces. At the time of sale, the portfolio was 95.6 percent occupied by 21 tenants. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Jason Speckman, Tyler Wilson and Sydney Gabriel of Colliers represented the undisclosed seller. The buyer was Blue Ridge Industrial LLC, a Dallas-based private equity firm.
