HOUSTON — Colliers has brokered the sale of Milwee Business Park, a 38,706-square-foot industrial complex in northwest Houston. The two-building property was 91 percent leased at the time of sale. Todd Moore, Connor Duffy and Zack Martin of Colliers represented the seller, Wolf Capital Partners, in the transaction. Houston-based investment firm Griffin Partners purchased the asset for an undisclosed price.
PHOENIX — Baron Properties has completed the disposition of Seventy5 Business Park, a four-building industrial infill park in Phoenix, to MIG Real Estate for $46.7 million. Situated on 14.4 acres at 7150 W. Roosevelt St., the 222,394-square-foot Seventy5 Business Park features flexible small bay sizes, abundant loading capabilities with common area truck wells and fully built-out office spaces. Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of Cushman & Wakefield’s Mountain West Capital Markets Industrial team represented the seller in the deal. Gary Anderson and Nik Vallens of Cushman & Wakefield provided market leasing advisory services.
NATIONAL CITY, CALIF. — CBRE has arranged the sale of an industrial building located at 2100 Haffley Ave. in National City. ALC Investments, a local owner-occupier, acquired the asset for $7.9 million. Situated on 2 acres, the 24,140-square-foot property offers 18-foot clear heights, one grade-level door, five dock-high doors and two rail-served doors. Matt Harris, Matt Porch and Anthony DeLorenzo of CBRE represented the undisclosed seller in the deal.
EL CENTRO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $2.6 million sale of a single-tenant retail building located in El Centro. Dutch Bros Coffee occupies the drive-thru property on a 15–year, absolute triple-net-lease with 10 percent rental increase every five years. Formerly a Wendy’s restaurant, the 2,411-square-foot building was originally built in 1988. Situated on an outparcel to a Vons-anchored retail center, nearby tenants include Smart & Final Extra!, Dollar General Market, Costco, Lowe’s Home Improvement, Target and Ashley Furniture. Bill Asher, Jeff Lefko and Beau Velten of Hanley Investment Group represented the seller and developer, Portland-based Cole Valley Partners, in the transaction. Bill Johnson of KW Commercial represented the buyer, a Northern California-based private investor.
WELLS, MAINE — Marcus & Millichap has brokered the sale of a self-storage development site in Wells, located in York County near the Maine-New Hampshire border. The site at 71 Spencer Drive is approved for a 70,000-square-foot (net rentable) facility. Nathan Coe, Gabriel Coe, Brett Hatcher and Luke Dawley of Marcus & Millichap represented the locally based seller, Patco Construction, in the transaction. The team also procured the buyer, a partnership between two New Hampshire-based investment and development firms, Brady Sullivan Properties and True Storage.
NOVI, MICH. — Spark GHC has acquired the Residence Inn Detroit Novi hotel, a 107-room property in Novi. The extended-stay hotel features a fitness center, business center and indoor pool. Spencer Davidson of Hunter Hotel Advisors brokered the transaction, terms of which were undisclosed.
CANAL WINCHESTER, OHIO — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5.1 million acquisition loan for a medical office property located at 9695 Basil Western Road in Canal Winchester, a southeast suburb of Columbus. The building is home to MedVet, which operates a 24-hour emergency vet. Chad O’Connor of MMCC arranged the financing with a credit union on behalf of the private borrower. The 10-year loan features a 6.5 percent interest rate, 30-year amortization period and 60 percent loan-to-value ratio.
CHICAGO HEIGHTS, ILL. — The Boulder Group has brokered the $2.7 million sale of a retail building net leased to Chipotle in Chicago Heights. The newly constructed property at 1399 W. Lincoln Highway features a drive-thru. Chipotle has a new 15-year lease with 10 percent rental escalations every five years and four five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based commercial real estate company. The buyer was a 1031 exchange investor based in California. As of 2025, there are 3,752 Chipotle locations worldwide.
CASCADE TOWNSHIP, MICH. — Old National Bank has purchased a development site at 2851 Charlevoix Drive SE in Cascade Township near Grand Rapids. The 1.2-acre parcel is situated directly across from a Walmart Supercenter and offers convenient access to I-96. Old National Bank plans to build a 3,470-square-foot retail branch, which is slated to open later this year. Bob Lotzar of NAI Wisinski of West Michigan represented the buyer in the transaction.
DALLAS — San Francisco-based investment firm Shorenstein Investment Advisers has acquired Sterling Plaza, a 19-story, 320,000-square-foot office building located in the Preston Center submarket of North Dallas. The freshly renovated property was 89 percent leased at the time of sale and offers amenities such as a conference center, fitness facility and a tenant lounge. Shorenstein plans to implement additional capital improvements to the lobby, entryway, café and outdoor communal areas. The seller was California-based investment firm KBS. Robert Hill, Chris Murphy, Gary Carr and Austin Sheahan of Newmark brokered the deal. Chris Moritz, Andrew Porteous, Chris McColpin and Josh Francis, also with Newmark, are arranging the acquisition financing on behalf of Shorenstein.