INDIANA AND OHIO — Ambrose has acquired four industrial assets in Indiana and Ohio totaling more than 1 million square feet for just over $102 million. Artemis Real Estate Partners sold three of the facilities. An Italian and specialty foods distributor was the seller of the fourth property. The assets include 2588 Jannetides Blvd., a 512,000-square-foot facility located directly along I-70 in Greenfield, Ind., within the East submarket of Indianapolis. The property is partially occupied by Wesco with 287,500 square feet available to lease in July. The building features a clear height of 32 feet and a 27.5-acre industrial outdoor storage yard. Situated within the River Ridge Commerce Center in Jeffersonville, Ind., 200 Trey St. is a 256,500-square-foot, rear-load distribution facility. The site benefits from an on-campus rail yard operated by OmniTRAX, proximity to I-65 and convenient connectivity to the Port of Indiana-Jeffersonville and the UPS WorldPort. Niagara Bottling fully occupies the building. A 201,600-square-foot building at 6770 Shook Road in Lockbourne, Ohio, features a clear height of 32 feet and a 1.6-acre lot for trailer/van parking. Kroger and Component Hardware fully lease the property. In Whitestown, Ind., 5000 Anson Blvd. is a 151,306-square-foot cold storage building that features temperature-controlled …
Acquisitions
CHICAGO — Interra Realty has brokered the $14 million sale of a 50-unit apartment building in Chicago’s Lakeview neighborhood. Joe Smazal of Interra represented the buyer, JAB Real Estate, and the confidential seller. The transaction marks the first time the asset has traded hands in 20 years. Built in 1927, the courtyard building features 13 studio, 24 one-bedroom, one three-bedroom and six four-bedroom floor plans. Recent renovations to some units include hardwood flooring, updated bathrooms and new kitchens. Residents have access to an onsite fitness center.
GEORGETOWN, TEXAS — New York City-based Machine Investment Group has purchased Rise 120, a 227-unit apartment complex in the northern Austin suburb of Georgetown. Completed in early 2024, Rise 120 offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident lounge, grilling area and a dog park. Machine Investment Group, which partnered with Alta Real Estate Partners on the acquisition, plans to add additional amenities, including a golf simulator, sauna and cold plunge. Walker & Dunlop represented the undisclosed seller in the transaction.
TEXARKANA, TEXAS — Marcus & Millichap has brokered the sale of a 121-room hotel in Texarkana, located near the Texas-Arkansas border. Built on 2.3 acres in 2014 and renovated in 2023, the Residence Inn by Marriott Texarkana offers amenities such as an indoor pool, fitness center, business center and meeting/event space. Chris Gomes of Marcus & Millichap represented the undisclosed, Dallas-based seller in the transaction and procured the buyer, an affiliate of Daugherty Property Group.
FORT WORTH, TEXAS — Weitzman has negotiated the sale of an 11,316-square-foot retail strip center in northeast Fort Worth. The center was fully leased at the time of sale to three tenants: Boswell Dental Care, Keke’s Breakfast Café and Victory Nail Lounge. Guillermo Lopez of Weitzman, in conjunction with Matthew Rosenfeld with The Rosenfeld Co., represented the buyer in the transaction. Tim Axilrod and Suhi Kosuri of SHOP Cos. represented the seller. Both parties requested anonymity.
BRENTWOOD AND CULVER CITY, CALIF. — TruAmerica Multifamily has acquired two apartment communities in West Los Angeles — Luxe Villas in Brentwood and Haven Apartments in Culver City. Terms of the transactions were not disclosed. Originally built in 2006 and renovated in 2022, Luxe Villas features one one-bedroom unit, 53 two-bedroom units and six former two- and three-bedroom units currently operating as 18 co-living suites. Community amenities include a rooftop lounge, central courtyard with lounge seating, electric vehicle charging stations and gated parking. Haven Apartments, which was built in 2019, offers 97 studio, one-, two- and three-bedroom layouts and 13,183 square feet of fully leased ground-floor retail space. Onsite amenities include a pool, spa, meditation lounge, clubroom with fireplace, outdoor courtyards with grills and fire pits, a rooftop deck with private cabanas, a billiards lounge, dog run and secure gated access. Orangetheory Fitness, Red Diamond Yoga, Papaya Pet Care and Karak House Coffee occupy the retail space. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, facilitated both sales, while IPA’s Brian Eisendrath and Jake Vitta advised TruAmerica on the debt for each property.
Knightsbridge Capital, Westside Investment Partners Buy 112,198 SF Office Building in Englewood, Colorado
by Amy Works
ENGLEWOOD, COLO. — Knightsbridge Capital and Westside Investment Partners have acquired 400 Inverness, a Class A office building in Englewood. Terms of the transaction were not released. JLL represented the undisclosed seller in the sale, while Colliers advised the seller on leasing. The buyers received acquisition financing through FirstBank, now part of PNC Bank. Located at 400 Inverness Parkway, 400 Inverness offers 112,198 square feet of office space that was originally built in 1997 and most recently renovated in 2025. At the time of acquisition, the property was 93 percent occupied. The ownership group plans to implement a value-enhancement program focused on building upgrades, as well as pursuing proactive leasing initiatives to strengthen the property’s long-term tenancy and cash flow profile.
PHOENIX — The Meritex Co. has purchased North Mountain Corporate Center, a two-story Class B office building at 10400 N. 25th Ave. in Phoenix, from Macfarlan Capital Partners for $7.2 million. The buyer plans to redevelop the 109,332-square-foot building, which was delivered vacant, into an institutional-quality industrial project. Situated on 7.6 acres, the infill site offers proximity to I-17 and in-place zoning for industrial use. Brian Ackerman, Todd Noel, Kyle Campbell and Matt Baniszewski of Colliers represented the seller. Keri Scott and Alex Kas-Marogi of Newmark will handle leasing for the redeveloped property.
NEWVILLE, PA. — Los Angeles-based PCCP LLC has acquired a 1.2 million-square-foot industrial property in Newville, about 35 miles west of Harrisburg, for $141.6 million. Completed in 2020 on a 93-acre site at 3419 Ritner Highway, the building features a clear height of 236 feet, 120 dock-high doors (expandable to 241), 200-foot truck court depths and parking for 265 cars and 437 trailers. John Plower and Ryan Cottone of JLL represented the undisclosed seller in the transaction. JLL also arranged an $82 million acquisition loan through QuadReal Property Group on behalf of PCCP. The building was fully leased at the time of sale to Newell Brands, a Fortune 500 manufacturer and distributor of consumer and commercial products.
GOLDEN VALLEY, MINN. — Brisky Net Lease has arranged the $10.3 million sale-leaseback of a single-tenant industrial property occupied by Process Displays in Golden Valley. Brian Brisky represented the buyer, while Jordan Greenberg of SpaceNet Equities LLC represented the seller. The user has a new 15-year absolute triple net lease with zero landlord responsibilities and annual rent increases. The property is situated within a well-established industrial park.