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Acquisitions

AcquisitionsKansasMidwestOffice

nbkc bank Acquires 127,000 SF Headquarters Building in Metro Kansas City

by Kristin Harlow

OVERLAND PARK, KAN. — nbkc bank has acquired a new headquarters building at 7400 W. 110th St. in Overland Park. The new headquarters will accommodate the majority of nbkc’s Kansas City-based employees and include a bank branch. The bank anticipates relocating staff to the building in 2027. nbkc has been headquartered at 8320 Ward Parkway in Kansas City since 2017. The building in Overland Park is roughly 127,000 square feet and was constructed in 1989. The bank will lease space to third-party tenants. Renovations are expected to commence soon and be substantially completed by the time nbkc employees move in. Bryan Johnson and Ed Elder of Colliers represented nbkc bank in its acquisition, and Ryan Biery and Reagan O’Toole of Colliers will handle future leasing.

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AcquisitionsHealthcareIllinoisMidwest

Stage Equity Sells 52,126 SF Medical Office Campus in Elk Grove Village, Illinois

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Stage Equity Partners has sold the Elk Grove Village Medical Campus, a 52,126-square-foot campus with four medical outpatient buildings in metro Chicago. Private capital group Casa Avore was the buyer. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof, Jesse Greshin, Trent Jemmett and Kevin Kobe of CBRE represented the seller. Fresenius Medical Care is the anchor tenant. Other tenants include Midwest Sports Medicine & Orthopaedic Surgical Specialists, Medical Center Dental Associates and Nephrology Associates of Northern Illinois and Indiana. The campus was 95 percent occupied with a weighted average length of tenancy in excess of 20 years at the time of sale.

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AcquisitionsCompany NewsRetailTexasTop StoriesWestern

Ares to Acquire Whitestone REIT for $1.7B, Take Company Private

by Hayden Spiess

LOS ANGELES AND HOUSTON — Investment firm Ares Management Corp. (NYSE: ARES) has entered into a definitive merger agreement with Whitestone REIT (NYSE: WSR) to purchase the company. Ares will acquire all outstanding Whitestone common shares and operating partnership units for $19 per share in an all-cash transaction valued at roughly $1.7 billion.  Upon closing of the transaction, which is expected in the third quarter, Whitestone will become a private company and will no longer trade on the New York Stock Exchange.  Houston-based Whitestone is a real estate investment trust (REIT) focused on open-air neighborhood retail markets. As of March 2026, Whitestone’s portfolio comprised 56 retail properties totaling approximately 3.9 million square feet, including retail centers in Phoenix; Austin, Texas; the Dallas-Fort Worth metro; Houston and San Antonio.  “Whitestone’s portfolio provides an attractive opportunity to further diversify Ares Real Estate’s footprint with necessity-based retail centers in high-demand, supply-constrained metro regions across Arizona and Texas,” says David Roth, global head of real estate strategy and growth with Ares Real Estate. Whitestone’s board of trustees unanimously approved the transaction, which is subject to customary closing conditions, including approval by Whitestone’s shareholders.  “We believe this transaction with Ares is a testament to the …

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AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 372-Unit Multifamily Portfolio in East Dallas

by Taylor Williams

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a two-property multifamily portfolio totaling 372 units in East Dallas. Creekstone is a two-story, 220-unit apartment complex that was built in 1982. Gable Point is a 152-unit property that was constructed in 1986. Both properties offer units with private patios/balconies, as well as pools and onsite laundry facilities. William Hubbard, Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello and Jack Windham of IPA represented the seller, Pardue Cos., in the transaction, and procured the buyer, Clover Capital Partners.

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AcquisitionsFloridaGeorgiaIndustrialSoutheast

Basis Industrial, OneIM Acquire Industrial Portfolio in Orlando, Metro Atlanta for $144.6M

by John Nelson

DELRAY BEACH, FLA. — A joint venture between Delray Beach-based Basis Industrial and global investment management firm One Investment Management (OneIM) has purchased an industrial portfolio in the Orlando and Atlanta markets. The firms acquired the 839,001-square-foot portfolio from Boston-based Albany Road Real Estate Partners for $144.6 million as part of a multibillion-dollar programmatic joint venture between Basis Industrial and OneIM. The acquired portfolio spans multiple building within three properties: Lake Point Business Park (134,389 square feet) and Challenger South (146,538 square feet) in Orlando and Breck Exchange in Duluth, Ga. (558,074 square feet). Aaron Appel, Jonathan Schwartz and Michael Brown of Walker & Dunlop assisted in sourcing acquisition debt. Mo Beler, Jonathan Paine, Cory Elbaum and Jackson Irwin of Walker & Dunlop advised on the joint venture equity raise.

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AcquisitionsOfficeTennessee

SVN | Wood Brokers Sale of 23-Story Riverview Tower in Downtown Knoxville

by John Nelson

KNOXVILLE, TENN. — SVN | Wood Properties has brokered the sale of Riverview Tower, a 23-story office tower located at 900 S. Gay St. in downtown Knoxville. Apex Bank purchased the building for an undisclosed price from an affiliate of Hertz Investment Group. George Brown and Taylor Thompson of SVN | Wood represented the seller in the transaction, which closed in approximately four months from the listing date. Riverview Tower spans 334,197 square feet of offices with floor-to-ceiling windows on every level. The acquisition includes an adjacent multi-level parking garage. Apex Bank has selected SVN | Wood to continue leasing the office tower.

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AcquisitionsIndustrialSoutheastTennessee

Matthews Negotiates $15.8M Sale of Industrial Facility in Columbia, Tennessee

by John Nelson

COLUMBIA, TENN. — Matthews has negotiated the $15.8 million sale of a 162,934-square-foot industrial facility located on 15.5 acres at 2206 Oakland Parkway in Columbia, a city in Middle Tennessee’s Maury County. Jay Reeves, Matthew Powell and Jonathan Ghertner of Matthews represented the seller, an unnamed national developer, in the transaction. Mike Havens of Havens Commercial represented the buyer, an undisclosed investment firm. According to the Matthews property website, the facility is fully leased to GCP Applied Technologies Inc., which recently signed a new 10-year triple-net lease at the property with 2.5 percent annual rent increases and two five-year renewal options.

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AcquisitionsCaliforniaIndustrialWestern

Partnership Acquires 113,500 SF Industrial Building in North Los Angeles

by Amy Works

LOS ANGELES — A partnership between Slater Harding Partners, Foundation Capital Partners and Sierra Ridge Capital has purchased an industrial building, located at 12224 Montague St. in the Pacoima submarket of North Los Angeles, for an undisclosed price. David Harding, Matt Dierckman, Greg Geraci, Billy Walk and Kevin Carroll of Colliers represented the seller, Michael Lichstein, and the buyer in the deal. The 113,500-square-foot property features a clear height of 24 feet, 125-foot truck court, gated yard and 12 dock-high doors. The new ownership plans to implement a renovation program to enhance the building’s appearance and operational functionality.

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AcquisitionsNevadaOfficeWestern

CBRE Negotiates Sale of 43,944 SF South Rainbow Business Park in Las Vegas

by Amy Works

LAS VEGAS — CBRE has directed the sale of South Rainbow Business Park, an office property located at 5920 and 5940 S. Rainbow Blvd., in Las Vegas. GPS LV Business Park acquired the asset from South Rainbow Park Property Co. LCC for $11.7 million. The 43,944-square-foot office park is fully leased to a mix of professional and medical tenants. Marc Magliarditi and Miranda Jennings of CBRE represented the seller in transaction.

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AcquisitionsIllinoisMidwestMultifamily

Standard, Belay Acquire 256-Unit Apartment Property in Lombard, Illinois

by Kristin Harlow

LOMBARD, ILL. — Standard Real Estate Investments has expanded its strategic partnership with Belay Investment Group. The venture will target middle-market, value-add multifamily investment opportunities in the Midwest with a commitment of $50 million. To mark the beginning of the partnership, Standard has completed the acquisition of Martins Point, a 256-unit, garden-style property in Lombard. The asset is located at 2101 S. Finley Road in DuPage County. Built in 1989, Martins Point features 17 buildings along with a clubhouse and maintenance shop. Amenities include a pool, grilling center, fitness center and game room. Planned renovations include enhancements to residences and common areas. Standard now owns 1,092 units in suburban Chicago.

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