Friday, July 11, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsFloridaIndustrialSoutheast

Azora Acquires Greyhound-Leased Industrial Outdoor Storage Facility in Miami for $12.8M

by John Nelson

MIAMI — Azora, a private equity manager based in Madrid, has purchased an industrial outdoor storage facility located on a 2.6-acre site in Miami. The undisclosed seller sold the property, which features a bus maintenance facility, for $12.8 million. Situated near Miami International Airport, the facility was delivered in 2016 as a build-to-suit for Greyhound Lines, which will continue to use the property as a parking and repair center for another five years. The site includes developable land, plans for which were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNortheastPennsylvaniaRetail

Marcus & Millichap Brokers $12.5M Sale of Lehigh Valley Shopping Center

by Taylor Williams

ALLENTOWN, PA. — Marcus & Millichap has brokered the $12.5 million sale of Parkway Shopping Center, a 133,314-square-foot retail center in the Lehigh Valley city of Allentown. The center was built in 1959 and is home to tenants such as Subway, Dollar Tree, IHOP and State Farm Insurance. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the deal. Neil Campbell and Ian Nordfors of Institutional Property Advisors, a division of Marcus & Millichap, arranged acquisition financing on behalf of the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsConnecticutMultifamilyNortheast

NEPCG Negotiates Sale of 60-Unit Apartment Portfolio in Hartford, Connecticut

by Taylor Williams

HARTFORD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the sale of a portfolio of four apartment buildings totaling 60 units in Hartford. The buildings are located at 125–131 Washington St. and 338-342 Jefferson St. Taylor Perun and Cameron Formica of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The sales price was also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Brokers Sale of 10-Acre Industrial Development Site in South Dallas

by Taylor Williams

DALLAS — Lee & Associates has brokered the sale of a 10-acre industrial development site comprising two parcels at 4225 and 4551 Cedardale Drive in South Dallas. Alex Wilson and Jarrett Huge of Lee & Associates represented the buyer, LDSR Real Property, which plans to construct an industrial service facility on the site. The name and representative of the seller were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Creekside-Park-Apts-Napa-CA
AcquisitionsCaliforniaMultifamilyWestern

Marcus & Millichap Arranges $46.9M Sale of Two-Property Creekside Park Multifamily Portfolio in Napa, California

by Amy Works

NAPA, CALIF. — Marcus & Millichap has negotiated the sale of Creekside Park I and II, a two-property multifamily portfolio in Napa. The assets traded for $46.9 million, or $249,734 per unit. Constructed in two phases in 1983 and 1985, Creekside Park consists of 15 two-story residential buildings and two single-story amenity buildings on more than 10 acres. The 188 one-, two- and three-bedroom units feature ceiling fans and air conditioning. Renovated units offer new flooring, cabinet faces, hardware, fixtures and countertops. Community amenities include a leasing office, swimming pool, two spas, fitness center, children’s play area, laundry facilities and manicured grounds. Mitchell Zurich, Kirk Trammell, David Cutler and Joshua Johnson of Marcus & Millichap represented the seller, the original developer, and procured the undisclosed buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
The-Beverly-Portland-OR
AcquisitionsMultifamilyOregonRetailWestern

Newmark Negotiates Sale of The Beverly Retail, Multifamily Property in Portland, Oregon

by Amy Works

PORTLAND, ORE. — Newmark has arranged the sale of The Beverly, a boutique mixed-use asset in Portland’s Hollywood District. Terms of the transaction were not disclosed. Originally delivered as condominiums in 2009, the 48,684-square-foot community features ground-floor retail space and 53 high-end residential units above. Whole Foods Market anchors the retail space. Nick Kucha, Nick Bicardo, Jakob Nicholls, Robert Black and Sam Lawhead of Newmark represented the undisclosed seller, while Tim Sotoodeh represented the undisclosed buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
1525-W-Indian-School-Rd-Phoenix-AZ
AcquisitionsArizonaMultifamilyWestern

ABI Multifamily Brokers $2.4M Purchase of Apartment Building in Phoenix

by Amy Works

PHOENIX — ABI Multifamily has arranged the acquisition of a multifamily property located at 1525 W. Indian School Road in Phoenix. The asset traded for $2.4 million, or $136,111 per unit. Both the undisclosed buyer and seller are based in Arizona. Built in 1959, the two-story property features 18 apartments in a mix of four studio units, eight one-bedroom/one-bath units and six two-bedroom/one-bath units. The asset also offers parking for each unit and an on-site laundry facility. Andrew Arambula, Tom Palestina and Bryce Neagle of ABI Multifamily represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityMassachusettsNortheast

Ashford Hospitality Trust Agrees to Sell Hilton Boston Back Bay Hotel for $171M

by Taylor Williams

BOSTON — Dallas-based REIT Ashford Hospitality Trust has entered into a definitive agreement to sell the 390-room Hilton Boston Back Bay Hotel for $171 million. Located at 40 Dalton St., the hotel offers a mix of traditional guestrooms and suites and amenities such as a fitness center, meeting and event rooms and an onsite restaurant. The deal is expected to close before the end of March. The buyer, a partnership between New York City-based hospitality investment firm Certares and California-based Belcourt Capital Partners, plans to implement a capital improvement program. The sales price represents a cap rate of 7.3 percent based on the property’s 2023 net operating income of $14.9 million.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKansasMidwestRetail

Matthews Real Estate Brokers $5.8M Sale of Daycare Center in Olathe, Kansas

by Kristin Harlow

OLATHE, KAN. — Matthews Real Estate Investment Services has brokered the $5.8 million sale of a daycare center occupied by Kids r Kids in Olathe. The transaction included both the business and underlying real estate of the property. The building, constructed in 2017, totals 18,000 square feet and is located at 1585 S. Mahaffie Circle. The buyer, Maryland-based Kiddie Academy, was looking to expand into the Kansas City market. The daycare franchise group currently operates in 41 states. The seller had owned the business for more than 20 years and was looking to retire. Matthew Gibbs and Clay Smith of Matthews Real Estate represented the seller.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Entre Commercial Realty Negotiates Sale of 42,000 SF Industrial Building in Solon Mills, Illinois

by Kristin Harlow

SOLON MILLS, ILL. — Entre Commercial Realty has negotiated the sale of a 42,000-square-foot industrial building in Solon Mills, a city in northern Illinois. Dan Benassi and Sam Deihs of Entre represented the buyer, JHB Group Inc., which designs and manufactures custom mobile response platforms primarily for public service agencies. The company’s products include mobile trailers and equipment used by municipal fire departments, police departments, military and other agencies for use in public safety operations, education, training and community outreach. JHB will be relocating from a 15,000-square-foot building in Lake in the Hills. Ralph Huszagh of JC Forney represented the undisclosed seller. The sales price was also not provided.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts