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Acquisitions

AcquisitionsIllinoisMidwestMultifamily

Kiser Group Brokers $6M Sale of Multifamily Property in Chicago’s Uptown Neighborhood

by Kristin Harlow

CHICAGO — Kiser Group has brokered the $6 million sale of a multifamily property located at 1132-1140 W. Wilson Ave. in Chicago’s Uptown neighborhood. Originally completed as an adaptive reuse project in 2015, the asset was fully occupied at the time of sale. The building is located one block from the Chicago Transit Authority and across the street from Truman College. CedarSt sold the property to J&J Equities. Katie LeGrand and Jacob Price of Kiser Group brokered the transaction, which closed two months after the property was brought to market.

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AcquisitionsDevelopmentKansasMidwestRestaurantRetail

Block & Co. Sells Retail Development Site in Overland Park, Kansas to Hyper Energy Bar

by Kristin Harlow

OVERLAND PARK, KAN. — Block & Co. Inc. Realtors has sold a retail development site at Oak Park Mall in Overland Park to Hyper Energy Bar, an Iowa-based drive-thru chain. Hyper Energy Bar sells energy drinks with caffeine, caffeine-free and sugar-free options. The 1.2-acre pad site is adjacent to tenants IHOP, Paris Baguette and Bank of America. Hyper Energy Bar is slated to open in the first quarter of 2026. Daniel Brocato and David Block of Block & Co. represented the landlord, while Pat Coppinger of Colliers represented the tenant.

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AcquisitionsMultifamilyNew YorkNortheast

Ariel Property Advisors Arranges $9M Sale of Brooklyn Multifamily Development Site

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $9 million sale of a multifamily development site in the Gowanus area of Brooklyn. The site totals 21,600 buildable square feet across two lots at 554-550 Union St., which currently house three structures with commercial and residential space. Sean Kelly, Stephen Vorvolakos and Nicole Daniggelis of Ariel represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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AcquisitionsFloridaIndustrialSoutheast

Phoenix Investors Purchases 628,000 SF Industrial Facility in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — An affiliate of Milwaukee-based Phoenix Investors has purchased a 628,000-square-foot industrial facility located at 2121 Huron St. in Jacksonville. The property was previously home to Anchor Glass Container Corp. The seller and sales price were not disclosed. The property features 26 dock doors and clear heights up to 32 feet. Phoenix plans to renovate the facility with a new roof, fire suppression enhancements, exterior and interior paint, new dock equipment and site work improvements. The Jacksonville facility represents the ninth former glass factory that Phoenix Investors has acquired with plans to update for modern industrial use, according to Anthony Crivello, executive vice president and managing director at Phoenix. The construction timeline for the redevelopment was not announced.

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AcquisitionsRetailSoutheastTennessee

Cushman & Wakefield Commercial Brokers Sale of 12,000 SF Retail Center Near Memphis

by John Nelson

GERMANTOWN, TENN. — Cushman & Wakefield Commercial Advisors has arranged the sale of Germantown Station, a 12,000-square-foot retail center located at 1217-1227 S. Germantown Road. Built in 2002, the property is situated on 1.3 acres and was fully leased to tenants including State Farm, Simmons Bank, Alliance Animal Health, Breakaway Running, A&A Nail Spa and Las Tortugas Deli Mexicana at the time of sale. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial represented the seller, an entity doing business as Germantown Station LLC, in the transaction. The buyer was Ranjit Komeravelli.

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Kennedy-Greens-Distribution-Center
AcquisitionsIndustrialTexas

CapRock Partners Buys 524,199 SF Distribution Center in North Houston

by Taylor Williams

HOUSTON — California-based investment firm CapRock Partners has purchased a 524,199-square-foot distribution building in North Houston. Built on 29 acres in 2020, Kennedy Greens Distribution Center is a cross-dock facility that features 36-foot clear heights, 185-foot truck court depths, 103 dock-high doors, four grade-level doors, an ESFR sprinkler system and parking for 128 trailers and 276 cars. The property was fully leased at the time of sale. Cushman & Wakefield represented the undisclosed seller in the transaction.

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AcquisitionsRetailTexas

NewQuest Arranges Sale of 82,073 SF Ella Plaza Shopping Center in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage and investment firm NewQuest has arranged the sale of Ella Plaza, an 82,073-square-foot shopping center in North Houston. Anchored by Advance Auto Parts’ 15,371-square-foot space, the three-building center was constructed on 7.1 acres in 2003 and is also home to multiple government tenants. Dakota Workman of NewQuest represented the seller, an entity doing business as True Saga LLC, in the transaction. Northmarq represented the buyer, Sega Development LLC.

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AcquisitionsIndustrialTexas

Alterra Acquires Industrial Outdoor Storage Facility in Sugar Land, Texas

by Taylor Williams

SUGAR LAND, TEXAS — Philadelphia-based investment firm Alterra IOS has acquired an industrial outdoor storage facility located at 25 miles southwest of Houston at 15646 Ennis Road in Sugar Land. The facility features a 30,000-square-foot warehouse and was fully leased at the time of sale of a national building materials distributor. Alex Harrold of Matthews Real Estate Investment Services represented Alterra in the transaction. The seller and sales price were not disclosed.

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14928-Washington-Dr-Fontana-CA
AcquisitionsCaliforniaIndustrialWestern

BLP Purchases Three-Building Industrial Portfolio in Fontana, California for $83.5M

by Amy Works

FONTANA, CALIF. — Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has purchased a portfolio of three industrial buildings in Fontana for $83.5 million. The name of the seller was not released. Totaling 332,793 square feet, the portfolio includes a 100,039-square-foot asset at 14074 Rancho Court, a 57,654-square-foot property at 14019 Rose Ave. and a 175,100-square-foot building at 14928 Washington Drive. Each building features Class A specifications including 32-foot clear heights, secured all-concrete truck courts, dock-high and grade-level loading, ESFR sprinkler systems and LED lighting. The properties are fully leased and offer a weighted average lease term of more than two years.

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Briggs-Village-Olympia-WA
AcquisitionsMultifamilyWashingtonWestern

Nearon Enterprises Buys 72-Unit Briggs Village Multifamily Property in Olympia, Washington

by Amy Works

OLYMPIA, WASH. — Nearon Enterprises has acquired Briggs Village, an apartment community in Olympia, from Glencrest Group for an undisclosed price. Situated in the 137-acre Briggs Village master-planned community, the asset features 72 apartments. The community was built in 2019. Ryan Harmon, Philip Assouad, Giovanni Napoli, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap, represented the buyer and facilitated the transaction.

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