Friday, May 15, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

5253-Business-Center-Dr-Fairfield-CA
AcquisitionsCaliforniaIndustrialWestern

CBRE Arranges Sale of 103,128 SF Green Tech Plaza in Fairfield, California

by Amy Works

FAIRFIELD, CALIF. — CBRE has brokered the sale of Green Tech Plaza, a research-and-development facility and industrial site at 5253 Business Center Drive in Fairfield. Eastbourne Investments sold the asset to ATI Windows for $11.5 million. Built in 2000 as a call center, Green Tech Plaza offers 103,128 square feet of space, more than 721 parking stalls and over 40,000 square feet of solar panels. Additionally, the building is entitled for the addition of two docks and two grade-level doors. The new owners plan to use the property as a showroom, office and light manufacturing facility. Brooks Pedder, Tony Binswanger and Matt Post of CBRE represented the seller and buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Mobil-Station-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Brokers $5.2M Sale of Single-Tenant Retail Property in Colton, California

by Amy Works

COLTON, CALIF. — Progressive Real Estate Partners has brokered the $5.2 million sale of a single-tenant retail property located in Southern California’s Inland Empire occupied by a Mobil Gas Station. Victor Buendia of Progressive represented both the undisclosed seller and buyer, an Inland Empire-based private investor, in the transaction. The buyer plans to renovate the convenience store.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyWisconsin

CBRE Arranges Sale of Two Multifamily Properties Totaling 674 Units in Fitchburg, Wisconsin

by Kristin Harlow

FITCHBURG, WIS. — CBRE has arranged the sale of The Pines and The Fairways, two multifamily properties totaling 674 units in Fitchburg, a southern suburb of Madison. FPA Multifamily LLC purchased the assets from E.J. Plesko & Associates Inc. affiliated entities for an undisclosed price. CBRE’s Gretchen Richards, Patrick Gallagher, Matson Holbrook, Sean Beuche, Abe Appert, Keith Collins and Ted Abramson represented the seller. The Pines is located at 2302 High Ridge Trail near the southeastern end of Nine Springs Golf & Disc Golf Course. Built in 1978, the 305-unit property features a range of one-, two- and three-bedroom floor plans. Of the 305 units, 120 are direct-entry townhomes. The Fairways is located at 2301 Traceway Drive near the northeastern end of Nine Springs Golf & Disc Golf Course. Built in 1970, the 369-unit property features a variety of one-, two-, and four-bedroom units.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

Habitat Acquires 214-Unit Rental Townhome Community in Woodbury, Minnesota

by Kristin Harlow

WOODBURY, MINN. — Habitat has acquired Seasons Villas, a multifamily community with 214 townhome-style rental units in the Twin Cities suburb of Woodbury. The purchase price was undisclosed. Seasons Villas features 47 single-story units and 167 two-story units. Floor plans span 960 to 1,160 square feet. Habitat also assumed management of the property. In addition to performing routine asset preservation and maintenance improvements, Habitat plans to enhance the pet-friendly community with the addition of a dog park. The seller was Boston Capital Group, and Willow Bridge Property Co. previously managed the asset. Habitat’s acquisition team managed the purchase process, supported by the Middle-Income Affordable Preservation Fund, a $150 million joint venture between Enterprise Community Partners and Banc of America Community Development Co. The fund focuses on preserving “missing middle” housing by investing equity capital to develop and acquire properties with affordability generally between 80 and 120 percent of the area median income. CBRE’s Minneapolis team represented the seller.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOhioRetail

Cooper Group Brokers $7.1M Sale of Kruse Commons Retail Property in Solon, Ohio

by Kristin Harlow

SOLON, OHIO — The Cooper Commercial Investment Group has brokered the $7.1 million sale of Kruse Commons in Solon, a suburb of Cleveland. The two-building retail property is anchored by Panera Bread and ice cream shop Mitchell’s Homemade. Dan Cooper of Cooper Group represented the seller, a private investment group out of the Cleveland area. A Midwest-based fund purchased the asset at full price, representing a cap rate of 6.75 percent and $276 per square foot. Kruse Commons was 78 percent leased at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Fortec Sells Early Childhood Education Facility in Suburban Chicago for $4.9M

by Kristin Harlow

BARRINGTON, ILL. — Fortec has sold an early childhood education facility on nearly 2 acres in the Chicago suburb of Barrington for $4.9 million. The developer purchased the property at 310 E. James St. in early 2024 for $695,000. Previously serving as the headquarters of the Barrington School District from the early 1970s until 2019, the property was redeveloped for The Nest Schools, an early childhood education operator with over 50 locations nationwide. At the time, Fortec signed a 17-year lease with The Nest Schools. The 12,413-square-foot building serves approximately 200 students from ages six weeks to 12 years old. As part of the project, Fortec invested $2.8 million to extensively renovate the existing structure and construct an adjacent playground. The lease will transition to the buyer, Autumn Ridge LLC. Milo Spector of Northmarq represented Fortec in the sale.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaHealthcareSoutheast

Marcus & Millichap Facilitates $23.4M Sale of Medical Office Building in Fort Walton Beach, Florida

by John Nelson

FORT WALTON BEACH, FLA. — Marcus & Millichap has facilitated the $25.4 million sale of a 46,992-square-foot, multi-tenant medical office building in the Florida Panhandle city of Fort Walton Beach. Built in 2008, the three-story property is fully occupied by Orthopaedic Associates and Surgical Specialists ASC on a 15-year triple-net lease basis. Frank Roti, Brett Rodgers and Alex Sacks of Marcus & Millichap represented the seller, Emerald Coast Diversified Properties LLC, and procured the buyer, Montecito Medical Real Estate, in the transaction. Ryan Nee served as Marcus & Millichap’s broker of record in Florida for the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMarylandRetailSoutheast

Continental Realty Sells Shopping Center in Suburban Baltimore for $9.6M

by John Nelson

GLEN BURNIE, MD — Continental Realty Corp. (CRC) has sold Governors Commons, a 129,242-square-foot shopping center in suburban Baltimore, for $9.6 million. The center is situated in the Baltimore suburb of Glen Burnie at 7311 Governor Richie Highway. Dean Zang and David Crotts of Marcus & Millichap represented CRC in the transaction. The buyer was not disclosed. CRC previously sold off three outparcels at Governors Crossing, giving the total gross sales price of the shopping center $20.6 million. CRC originally acquired the property in 2019 via its Continental Realty Fund V LP for $16.2 million. Founded in 1960, CRC currently owns and manages more than 8 million square feet of retail space across 13 states.

Continue Reading
FacebookTwitterLinkedinEmail
Sweetwater-at-Buckingham-Richardson
AcquisitionsMultifamilyTexas

DVO Real Estate Buys 312-Unit Apartment Community in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — DVO Real Estate has purchased Sweetwater at Buckingham, a 312-unit apartment community in the northeastern Dallas suburb of Richardson. The property offers one-, two- and three-bedroom units with an average size of 889 square feet. Amenities include a pool, fitness center, business center and a playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, REM Finance, in the transaction. The team also procured DVO as the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailTexas

Younger Partners Acquires 150,775 SF Shopping Center in Longview, Texas

by Taylor Williams

LONGVIEW, TEXAS — Dallas-based Younger Partners Investments has acquired Longview Towne Crossing, a 150,775-square-foot shopping center located about 120 miles east of Dallas. PetSmart, Five Below and Old Navy anchor the center, which was built in 2008 and was 95.6 percent leased at the time of sale. Other tenants include James Avery, Cowboy Chicken, Sport Clips, Ulta Beauty, Crumbl Cookies, Sleep Number and Lane Bryant. Development firm Weber & Co. was the seller.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts