Tuesday, October 14, 2025
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Acquisitions

AcquisitionsIndustrialLeasing ActivityMississippiSoutheast

Cushman & Wakefield | Commercial Advisors Arranges Sale-Leaseback of Industrial Portfolio in Jackson, Detroit

by John Nelson

JACKSON, MISS. AND DETROIT — Cushman & Wakefield | Commercial Advisors has arranged the sale-leaseback of a five-property light-manufacturing industrial portfolio totaling 169,043 square feet. Four of the five assets are located in metro Jackson and one facility is located in metro Detroit. Landon Williams and Katie Hargett of Cushman & Wakefield | Commercial, along with Pratt Rogers of Kerioth Corp., represented the seller, an entity doing business as Multicraft Real Estate LLC. The buyer, an entity doing business as Harrison Cayden Holdings LLC, purchased the portfolio and leased it back on a 15-year term to Multicraft, which specializes in manufacturing equipment for the automotive, power tool and HVAC industries. Other terms of the transaction were not disclosed.

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AcquisitionsCaliforniaOfficeWestern

Lincoln Property Co. Buys San Diego Office Campus from CIM Group for $92M

by Amy Works

SAN DIEGO — Lincoln Property Co. has purchased AMP&RSAND at 350 Camino De La Reina in San Diego from CIM Group for $92 million. Matt Carlson and Hunter Rowe of CBRE facilitated the sale, and Scott Peterson, Michael Kolcum and Colby Matzke of CBRE secured financing for the acquisition. Originally the home of the San Diego Union-Tribune for more than 40 years, the 13-acre site has been renovated into a Class A creative office campus. The property includes a five-story building and a three-story building totaling 343,202 square feet and connected by a 65-foot steel pedestrian bridge. The campus includes a fitness center, café, large outdoor patios and flexible conferencing spaces.

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AcquisitionsCaliforniaOfficeWestern

Harvest Properties, Stockbridge Acquire 22-Acre Office Campus in San Mateo, California, Plan Multifamily Redevelopment

by Amy Works

SAN MATEO, CALIF. — Harvest Properties, in partnership with Stockbridge, has purchased Clearview Business Park in San Mateo in an off-market transaction. The partnership plans to re-entitle the 22-acre property as a for-sale residential community, which will include affordable housing. Located at 3000-3155 Clearview Way, the property currently includes six office buildings, surface and structured parking and is partially leased to GoPro through 2026. Originally constructed in 1973, the campus previously served as Visa International’s headquarters before transitioning to GoPro in 2011. The redevelopment plan includes up to 225 townhomes and single-family homes with 15 percent designated as affordable. The project is expected to provide homes for up to 700 residents spanning multiple income levels.

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AcquisitionsColoradoHealthcareWestern

Harbert, Bancroft Sell 153,858 SF Medical Outpatient Campus in Highlands Ranch, Colorado

by Amy Works

HIGHLANDS RANCH, COLO. — CBRE has brokered the sale of Highlands Ranch Medical Campus, a two-building medical outpatient asset in Highlands Ranch. A joint venture between Harbert Management Corp. and Bancroft Capital sold the property to an undisclosed buyer. Terms of the deal were not released. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett and Jesse Greshin, Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE represented the seller in the transaction. Located at 630 and 640 Plaza Drive, Highlands Ranch Medical Campus offers 153,858 square feet of medical outpatient space spread across two buildings. Panorama Orthopedics and Spine Center recently signed a new long-term lease for 31,901 square feet at the campus.

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AcquisitionsMidwestNebraskaRetail

Equity Bancshares Enters Nebraska Market with Acquisition of Frontier Holdings

by Kristin Harlow

OMAHA, NEB. — Equity Bancshares Inc. (NYSE: EQBK), the Wichita, Kan.-based holding company of Equity Bank, has entered into a definitive merger agreement with Frontier Holdings LLC, the parent company of Frontier Bank in Omaha. The transaction adds seven locations to Equity’s franchise and marks the company’s entrance into Nebraska. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, Frontier will receive approximately 75 percent of its consideration in EQBK stock and the balance in cash. Subject to receipt of customary regulatory and member approvals and closing conditions, the merger is expected to close in the fourth quarter. Following completion, Frontier Bank will merge with and into Equity Bank. Established in 1937, Frontier Bank currently operates seven Nebraska locations, with two in Lincoln and one each in Falls City, Madison, Norfolk, Omaha and Pender. As of June 30, Frontier Bank had $1.4 billion in total assets, including $1.3 billion in loans and $1.1 billion in deposits. The combination with Frontier brings Equity’s total strategic transactions to 26 since the company’s founding in 2002, including 14 whole-bank acquisitions since the company’s initial public offering in 2015. Stephens Inc. advised Equity, which …

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AcquisitionsIndianaIndustrialMidwest

Greenstone Partners Brokers $16.5M Sale of Two Industrial Facilities in Portage, Indiana

by Kristin Harlow

PORTAGE, IND. — Greenstone Partners has brokered the $16.5 million sale of the Addison and Clark buildings, two multi-tenant industrial properties totaling 166,134 square feet in Portage. The transaction represents the highest price per square foot ever achieved for a multi-tenant industrial investment of 50,000 square feet or larger in the Northwest Indiana region, according to CoStar. Located at 6625 and 6675 Daniel Burnham Drive, the shallow bay buildings are home to a long-term tenant base with an average tenure of 13 years. Flexible suite configurations range from 10,000 to 50,000 square feet. Jason St. John of Greenstone represented the seller, a Florida-based private investor, and procured the buyer, Sperry Equities, a Southern California-based real estate investment group.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Negotiates $14.6M Sale of Retail Center in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — Marcus & Millichap has negotiated the $14.6 million sale of a 35-suite retail center in the Chicago suburb of Schaumburg. Located at 1170 S. Roselle Road, the 114,476-square-foot property was built in 1988 and sits on 12.8 acres. The anchor tenant is KD Market, a Chicagoland grocer that recently signed a 10-year lease extension. Tenants have an average operating history of 12 years, with a mix of medical, wellness, restaurant and service providers. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, an overseas-based family who has owned the property for 32 years. The buyer was a Chicago-based private investment group.

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AcquisitionsIllinoisIndustrialMidwest

JLL Arranges Sale of 73,150 SF Industrial Property in Vernon Hills, Illinois

by Kristin Harlow

VERNON HILLS, ILL. — JLL Capital Markets has arranged the sale of a 73,150-square-foot light industrial property in the Chicago suburb of Vernon Hills. Built in 1990 on 4.4 acres, the facility features a clear height of 24 feet, three interior recessed loading docks, three drive-in doors and 227 parking stalls. The building is currently fully leased to four tenants with a 5.2-year contractual weighted average lease term. The tenant roster spans home appliance, sports and recreation, and water and wastewater treatment industries. Each user has invested significantly in specialized build-outs for their spaces. The property is situated within Continental Executive Parke, a 600-acre master-planned business park originally developed by Prentiss Properties. Kurt Sarbaugh and Jaime Fink of JLL represented the seller, JMS Capital Group. Wisconsin-based Luther Group was the buyer.

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AcquisitionsIllinoisMidwestMultifamily

Essex Realty Group Brokers $1.7M Sale of Apartment Building in Summit, Illinois

by Kristin Harlow

SUMMIT, ILL. — Essex Realty Group LLC has brokered the $1.7 million sale of an apartment building located at 7349 W. 57th St. in Summit, a southwest suburb of Chicago. The property features 17 one-bedroom units, 15 of which have been recently renovated. Anthony Citriglia of Essex brokered the sale.

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AcquisitionsAffordable HousingMultifamilyNew MexicoOregonTop StoriesWestern

Guardian Acquires Affordable Housing Portfolio in Oregon, New Mexico for $497M

by John Nelson

PORTLAND, ORE. — Portland-based multifamily owner-operator Guardian has acquired a portfolio of 15 multifamily properties totaling 3,050 units in Oregon and New Mexico for $497 million. The deal represents the company’s largest transaction and one of the larger deals in the United States year-to-date, according to Guardian. Each property in the portfolio was built after 2000 using Low Income Housing Tax Credits (LIHTC) but after the end of the program’s 15-year compliance period, thus the properties were at risk of market-rate conversion. Guardian will voluntarily convert a portion of the portfolio’s units to income-restricted housing that is reserved for renters earning 60 percent or less of the area median income (AMI). The seller was not released. “This transaction represents a pivotal moment for Guardian as we advance our mission to preserve and expand quality affordable housing,” says Tom Brenneke, president of Guardian. The company purchased the portfolio in two tranches. The first was with capital partner AEW for two Portland-area communities spanning 310 units. The second phase comprised the other 13 properties, which span 2,740 units in the metro areas of Portland and Albuquerque, N.M. Guardian partnered with National Equity Fund (NEF) and JPMorgan Chase on the second tranche. “Partnering …

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