Sunday, July 13, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsIllinoisMidwestRetail

Mid-America Brokers Sale of 649,668 SF Orland Park Place Shopping Center in Suburban Chicago

by Kristin Harlow

ORLAND PARK, ILL. — Mid-America Real Estate Corp. has brokered the sale of Orland Park Place, a 649,668-square-foot shopping center in the Chicago suburb of Orland Park. The sales price was undisclosed. The open-air property was 87 percent occupied at the time of sale by tenants such as Nordstrom Rack, Dick’s Sporting Goods, Marshalls, Ross Dress for Less, Hobby Lobby, Old Navy, Barnes & Noble, DSW, Ashley Furniture and Steinhafels. Ben Wineman, Rick Drogosz and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors. PMAT Real Estate Investments was the buyer. Pine Tree served as the property manager.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

ShainRealty Capital Sells Chicago Apartment Building for $11M

by Kristin Harlow

CHICAGO — ShainRealty Capital has sold Madison Terrace, a 96-unit apartment building in Chicago, for $11 million. The transaction marks the company’s last holding in the Chicago multifamily market. ShainRealty purchased the asset for $8.2 million shortly after the pandemic began. The disposition marks a 34 percent increase in value. Additionally, ShainRealty had acquired the asset in a low interest rate environment with a 2.83 percent, fixed-rate Fannie Mae loan with a term of seven years. ShainRealty says that the loan assumption enticed the buyer, David Pezzola of Icarus Investments. The property, built in 1986, consists of two-, three- and four-bedroom units averaging 1,275 square feet in size. Lucas Fryman and Ted Stratman of Interra Realty represented both the buyer and seller.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Arranges Sale of 100-Unit Apartment Complex in St. Cloud, Minnesota

by Kristin Harlow

ST. CLOUD, MINN. — Marcus & Millichap has arranged the sale of The Highlands, a 100-unit apartment complex in the Minneapolis suburb of St. Cloud. The sales price was undisclosed. Located at 2015 27th St., the property was constructed in 2003 and is part of the Low-Income Housing Tax Credit Section 42 program. Amenities include an outdoor pool, playground, community room and underground parking. Chris Collins and Evan Miller of Marcus & Millichap represented the seller, a limited liability company, and the buyer, a limited liability company.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilySeniors HousingTexas

Sherman & Roylance Arranges $8.1M Sale of Skilled Nursing Facility in Texas

by Taylor Williams

TEXAS — Sherman & Roylance has arranged the sale of a 104-bed skilled nursing facility in Texas. A physician owner sold the asset to a California-based buyer for $8.1 million. The facility was built in 2018 and features 94 Medicare and 10 Medicaid beds. The name of the property, buyer and seller were not disclosed. Sherman & Roylance also arranged acquisition financing for the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 40-Site Mobile Home Park in Cleburne, Texas

by Taylor Williams

CLEBURNE, TEXAS — Marcus & Millichap has brokered the sale of Hidden Oaks Mobile Home Park, a 40-site manufactured housing property in Cleburne, a southern suburb of Fort Worth. Skyler Henderson, Brad Dorsey, Edgar Martinez and Blake Eisenberg of Marcus & Millichap brokered the deal. The names of the seller and Texas-based buyer were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Meridian-Heights-Sandy-UT.jpg
AcquisitionsMultifamilyUtahWestern

Tablerock Capital Sells 96-Unit Meridian Heights Multifamily Property in Sandy, Utah

by Amy Works

SANDY, UTAH — Tablerock Capital has completed the disposition of Meridian Heights, an apartment community in Sandy, approximately 15 miles south of Salt Lake City. Orion Real Estate Partners acquired the asset for an undisclosed price. Danny Shin and Brock Zylstra of Intuitional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1998 on five acres, Meridian Heights offers 96 one- and two-bedroom apartments with air conditioning, dishwashers and balconies. Community amenities include covered parking, a clubhouse and laundry room.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailWashingtonWestern

CDM Fitness Holdings Acquires Seven Tacoma-Area Planet Fitness Clubs

by Amy Works

KENT, WASH. — CDM Fitness Holdings, an SBJ Capital portfolio company based in Foxborough, Mass., with an office in Kent, has purchased seven Planet Fitness clubs from Philadelphia-based Jeg Viper LLC for an undisclosed price. The buyer is one of the largest developers and operators of Planet Fitness locations. Totaling nearly 162,000 square feet in Washington, the properties are: The transaction, which did not involve brokers, grants CDM the rights to build and operate additional clubs in the Tacoma area. The acquisition marks the company’s second Planet Fitness purchase in Washington, following the 2023 purchase of 10 locations in the Seattle area.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNortheastPennsylvaniaRetail

Marcus & Millichap Brokers $7M Sale of Shopping Center in Parkesburg, Pennsylvania

by Taylor Williams

PARKESBURG, PA. — Marcus & Millichap has brokered the $7 million sale of Parkesburg Shopping Center, a 53,319-square-foot retail center located about 50 miles west of Philadelphia. Grocery Outlet and Planet Fitness anchor the 7.7-acre property, which recently underwent a capital improvement program. Other tenants include the U.S. Post Office and Dollar General. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. The deal traded at a cap rate of 7.5 percent.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsConnecticutMultifamilyNortheast

Chozick Realty Arranges $4M Sale of Apartment Building in Winsted, Connecticut

by Taylor Williams

WINSTED, CONN. — Locally based brokerage firm Chozick Realty has arranged the $4 million sale of The Mill at Still River, a 39-unit apartment building in Winsted, about 25 miles northwest of Hartford. The building was originally constructed as an industrial facility in 1887 and converted to residential use in 1986. Steve Pappas of Chozick Realty represented the buyer and seller, both of which requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNorth CarolinaSoutheast

Equus Acquires Industrial Portfolio in North Carolina for $124M

by John Nelson

PHILADELPHIA — Philadelphia-based Equus Capital Partners has acquired an industrial portfolio in North Carolina totaling more than 1.4 million square feet. An Equus-sponsored value-added fund doing business as Equus Investment Partnership XII LP purchased the portfolio, which is situated in metro Charlotte and metro Greensboro, earlier this month for $124 million. The nine-building portfolio features buildings ranging from 38,480 to 382,668 square feet in size. The buildings were fully leased at the time of sale to tenants including FedEx, Lenovo and American Woodmark. Eight of the buildings are located in metro Charlotte and together total 1.2 million square feet, with the ninth building located in metro Greensboro spanning 241,050 square feet.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts