Thursday, May 14, 2026
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Acquisitions

AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers Pair of Multifamily Sales in Wheaton, Illinois, Totaling Over $15M

by Kristin Harlow

WHEATON, ILL. — Interra Realty has brokered the sale of two multifamily buildings in the Chicago suburb of Wheaton. The 18-unit Liberty Square Flats sold for $8.4 million, while the 44-unit Lorraine Court Apartments traded for nearly $7 million. Nathan Zito, Patrick Kennelly and Paul Waterloo of Interra represented seller Liberty Square Flats LLC as well as the buyer, a confidential local investor. The trio also represented LCA LLC in the sale of Lorraine Court Apartments, as well as the buyer, one of the largest owners of middle-market apartment properties in DuPage County. Both properties were sold as part of 1031 exchange transactions. Situated at 302 W. Liberty Drive, Liberty Square Flats was built in 2024. Amenities include a rooftop deck, dog washing station, outdoor patio, storage closets, heated garage parking, electric vehicle chargers, surface parking and keyless access. Lorraine Court Apartments, located on South Lorraine Road, was constructed in 1972.

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AcquisitionsIllinoisIndustrialMidwest

Entre Commercial Realty Negotiates Sale of USDA Food Processing Facility in Calumet City, Illinois

by Kristin Harlow

CALUMET CITY, ILL. — Entre Commercial Realty has negotiated the sale of a USDA-certified food processing facility in Calumet City, a southern suburb of Chicago. The sales price was undisclosed. The 40,368-square-foot building is situated on 3.5 acres at 414 E. State St. and features extensive cold storage infrastructure. Chris Wilbur and Jeff Locascio of Entre represented the buyer, Reyes Meats. The duo also assisted the buyer in securing a Cook County Class 8 property tax incentive. Tom Condon of Lee & Associates represented the seller.

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AcquisitionsMidwestMissouriRetail

Marcus & Millichap Arranges $5M Sale of Single-Tenant Retail Property in Columbia, Missouri

by Kristin Harlow

COLUMBIA, MO. — Marcus & Millichap has arranged the $5 million sale of a retail property net leased to O2B Kids! in Columbia. Built in 2013, the 12,300-square-foot asset is located at 3250 S. Bearfield Road. O2B Kids! acquired the property in 2023; it previously operated as a Bright Star Academy childcare facility. More than 18 years remain on the corporate-guaranteed lease. Dominic Sulo of Marcus & Millichap represented the seller. Buyer and seller information was not provided.

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AcquisitionsNew JerseyNortheastRetail

IPA Brokers Sale of 85,513 SF Shopping Center in Morristown, New Jersey

by Taylor Williams

MORRISTOWN, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Morris Marketplace, an 85,513-square-foot shopping center located roughly 25 miles west of New York City. The newly developed center was fully leased at the time of sale to more than 35 restaurant and service-oriented tenants, including Wells Fargo, Jersey Mike’s, Orangetheory Fitness and Panda Express. Brad Nathanson and JP Colussi of IPA represented the seller and developer, DeVimy Equities, in the transaction. The duo also procured the buyer, Ohio-based Last Mile Investments.

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AcquisitionsArizonaMultifamilyWestern

Rockpoint, Related Sell Town Deer Valley Apartments in Phoenix for $131.1M

by Amy Works

PHOENIX — A venture between Rockpoint and The Related Group has completed the disposition of Town Deer Valley, a multifamily community in Phoenix, to Goodman Real Estate for $131.1 million, or $337,887 per unit. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 2024 on 18 acres, Town Deer Valley offers 388 apartments with stainless steel refrigerators, single-door access to patios and balconies with exterior storage, and smart home automation packages. Community amenities include a 5,900-square-foot clubhouse with an arts and crafts room, a poker room and La Galere sundry shop; a 3,800-square-foot fitness center building; and a pool area with a swimming pool and a wading pool with submerged loungers.

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AcquisitionsDevelopmentRetailWashingtonWestern

SimonCRE Acquires 89,002 SF Retail Center in Washington, Plans Redevelopment 

by Amy Works

SPANAWAY, WASH. — SimonCRE has acquired an 89,002-square-foot retail center located in Spanaway, with plans to redevelop the property. Plans for the center include the addition of a grocery anchor, as well as other new tenants. According to SimonCRE, redevelopment efforts at the property will be focused on updating existing structures. 

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AcquisitionsCaliforniaRetailWestern

Hanley Investment Group Negotiates Sales of Two Car Wash Properties in California Totaling $5.4M

by Amy Works

GRAND TERRACE AND LODI, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sales of two newly constructed, single-tenant properties for a total of $5.4 million in California. Quick Quack Car Wash occupies each property on a 20-year, triple-net lease basis. The Quick Quack Car Wash located in Grand Terrace sold for $2.7 million. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, 5th Street Development, in the transaction. Patrick Toomey of IPA represented the buyer, a Pasadena-based private investor. The car wash is an outparcel to a Stater Bros. Market-anchored shopping center. Other tenants at the center include AutoZone, Miguel’s Jr., and McDonald’s. The Quick Quack Car Wash located in Lodi also sold for roughly $2.7 million. A private partnership between MEE Capital Investments and Adval Properties Inc. was the developer. Asher and Lefko represented the undisclosed seller in the transaction. John Kourafas of Visintainer Group represented the buyer, a central California-based private investor. The property is an outparcel to a Raley’s grocery-anchored shopping center. Additional tenants at the center include Vista Oaks Charter School, Great Clips, Batteries Plus, Huntington Learning Center and Speedway. Hanley has completed the sale of $406 million in car …

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38960-Trade-Center-Dr-Palmdale-CA
AcquisitionsCaliforniaIndustrialWestern

NAI Capital Arranges Sale of 22,448 SF Industrial Property in Palmdale, California

by Amy Works

PALMDALE, CALIF. — NAI Capital Commercial has negotiated the sale of an industrial property located at 38960 Trade Center Drive in Palmdale. A private trust acquired the asset from 38960 Trade Center Drive LLC for $4.4 million. Bimbo Bakeries USA fully occupies the 22,448-square-foot facility, which was built in 2004. The tenant produces some of America’s most widely recognized baked goods, including Sara Lee, Thomas’ English Muffins, Oroweat, Entenmann’s, Boboli, Ball Park and Nature’s Harvest. Chris Jackson and Todd Lorder of NAI Capital Commercial represented the seller, while Lucy Hartford of NAI Capital Commercial represented the buyer in the transaction.

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AcquisitionsColoradoIndustrialSelf-StorageWestern

Kaufman Hagan Brokers Sale of 123-Unit Self-Storage Facility in Bailey, Colorado

by Amy Works

BAILEY, COLO. — Kaufman Hagan Commercial Real Estate has arranged the sale of a self-storage facility, located at 63716 US Highway 285 in Bailey. The asset traded for $1.3 million, or $80.02 per square foot. Situated on 2 acres, the property offers 123 self-storage units. Ryan Floyd of Kaufman Hagan handled the transaction. The names of the seller and buyer were not released.

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AcquisitionsCompany NewsKentuckyRetailSoutheast

Tempur Sealy to Rebrand as Somnigroup International Following $5B Acquisition of Mattress Firm

by John Nelson

LEXINGTON, KY. AND HOUSTON — Tempur Sealy International Inc. has completed its previously announced $5 billion acquisition of Mattress Firm Group Inc., the largest mattress specialty retailer in the United States. The Lexington-based mattress manufacturer purchased the Houston-based retailer using approximately $2.7 billion in cash considerations and about $1.3 billion in stock. Tempur Sealy will change its name to Somnigroup International Inc., effective Feb. 18, and trade on the New York Stock Exchange under the ticker symbol “SGI.” Mattress Firm, Dreams and Tempur Sealy will operate as decentralized business units under Somnigroup International, with Mattress Firm and Dreams continuing to operate as multi-branded retailers and Tempur Sealy, primarily a manufacturer, continuing to serve third-party retailers as well as Mattress Firm, Dreams and its own direct-to-consumer channel. Additionally, Tempur Sealy expects to complete the previously announced sale 73 Mattress Firm retail locations and the company’s Sleep Outfitters subsidiary, which includes 103 specialty mattress retail locations and seven distribution centers, to MW SO Holdings Co. LLC (Mattress Warehouse) in the second quarter.

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