Acquisitions

Evergreen-Development-Project-Mesa-AZ

MESA, ARIZ. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that will feature multifamily space and a new retail center. The retail portion of the site is planned to comprise an approximately 8,500-square-foot multi-tenant retail building for restaurant and retail uses, as well as a 2,360-square-foot freestanding Chipotle with a drive thru. The multifamily portion will include 261 apartments across nine three-story buildings. Evergreen plans to break ground on the project in the first quarter of 2027, with lease-up beginning in the second quarter of 2028. Brookfield sold the site for an undisclosed price.

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Falcon-Point-Self-Storage-Windsor-CO.jpg

WINDSOR, COLO. — Marcus & Millichap has brokered the sale of Falcon Point Self Storage, a self-storage facility in Windsor. Terms of the transaction were not released. Adam Schlosser, Dave Knobler and Charles “Chico” LeClaire of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in the transaction. Originally constructed in 2019 and expanded in 2024 with an additional 51,530 square feet, Falcon Point Self Storage features 516 storage units across 72,068 net rentable square feet. There are 14 single-story, all-metal buildings on approximately 6.8 acres. The unit mix includes climate-controlled units, traditional drive-up access and dedicated vehicle storage, with 100 surface parking spaces serving the site. The facility features LED lighting, gated entry with digital keypad access, 24/7 video surveillance and an onsite management office.

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INDIANAPOLIS — Colliers has arranged the sale of the Indianapolis West Infill Industrial Portfolio, a 1.5 million-square-foot, 29-building light industrial portfolio located within the Park 100 and Park Fletcher industrial parks in Indianapolis. The portfolio spans the city’s Northwest and Southwest submarkets. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Tyler Wilson, Jason Speckman and Sydney Gabriel of Colliers represented the undisclosed seller. MLG Capital, on behalf of MLG Legacy Fund and 1031 exchange investors, purchased the portfolio, which is 94 percent leased to 158 tenants. The properties feature an average clear height of 15 feet with a total of 194 dock doors and 155 drive-in doors. The buildings range in size from 16,000 to 157,000 square feet.

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KALAMAZOO, MICH. — Industrial Commercial Properties LLC (ICP) has acquired 1 Financial Parkway, a three-building, 426,788-square-foot corporate campus situated on 55 acres in Kalamazoo. The property’s I-1 zoning allows for a variety of office and industrial uses, giving ICP flexibility to reposition the campus for a broad range of users. ICP plans to market the campus to companies seeking office, industrial, technology, corporate headquarters and other flexible business environments.

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CHICAGO — Marcus & Millichap has brokered the $15.2 million sale of a 30-unit apartment building located at 3905 N. Western Ave. in Chicago’s North Center neighborhood. The property also features four retail suites. Built in 2009, the asset totals 57,000 square feet and features a mix of two- and three-bedroom units. Kyle Stengle and Steve Rachman of Marcus & Millichap represented the undisclosed seller.

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NEW YORK CITY — Marcus & Millichap has brokered the $11.4 million sale of 196 Bowery, a seven-unit apartment building located in the NoLita neighborhood of Lower Manhattan. The building includes a ground-floor retail space that is leased to Genyth Tattoo. Matt Fotis, Colton Traynham and Michael Weinstein of Marcus & Millichap represented the seller, an entity doing business as Bowery Square Corp., in the transaction and procured the buyer, Javeri Capital.

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Doral-Marketplace

DORAL, FLA. — Cushman & Wakefield has negotiated the sale of Doral Marketplace, an 83,365-square-foot, newly constructed shopping center located in Doral, a western suburb of Miami. According to multiple media outlets, the property sold for $83 million. Whole Foods Market anchors the property, which was fully leased at the time of sale to tenants including Ulta Beauty, Shake Shack, J. Crew and Warby Parker. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Atlanta-based SJC Ventures, in the transaction. The buyer is a high-net-worth family office advised by Lincoln Property Co.

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harris-teeter-development-site

CHARLOTTE, N.C. — HMF Americana, a “hybrid home” development firm, has acquired a development site in metro Charlotte from locally based grocer Harris Teeter with plans to develop a 221-unit build-to-rent residential community. Situated between Stallings and Weddington, N.C., the development will include cottage-style rental homes, along with a portion of homes that will be reserved for residents age 55 and older. The project will also feature approximately 10,000 square feet of multi-tenant commercial space, with additional land available for future expansion. Dowell Finch of New South Properties is leading commercial leasing efforts at the property. Site work is expected to begin next month, followed by vertical construction in the first quarter of 2027. Initial resident move-ins are expected to begin in the third quarter of 2027. 

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Sea-Harbor

ORLANDO, FLA. — JLL Capital Markets has arranged the sale of Sea Harbor Office Center, a 356,514-square-foot office building located across from SeaWorld in Orlando. Robbie McEwan, Tucker Brooks and Jesse Jones of JLL represented the seller, Northridge Capital LLC, in the transaction. Duvalla Investments and Epoch Residential purchased the property for an undisclosed price. Originally built in 1984, the eight-story office building features a full-service cafeteria, fitness center, two separate lobbies and a five-story parking garage with 1,250 spaces, as well as an additional 380 surface parking spaces. The 14.2-acre site features Planned Development (PD) zoning that allows for future hotel and/or residential development.

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WAYNE, N.J. — JLL has negotiated the $7.9 million sale of a 37,770-square-foot medical office building located at 601 Hamburg Turnpike in the Northern New Jersey community of Wayne. The three-story building was completed in 2002 and was 97 percent leased at the time of sale. Jeremy Neuer, Michael Kavaler, J.B. Bruno and Cody Johnson of JLL represented the seller, March Associates, which also houses its headquarters within the building,  in the transaction and procured the buyer, Pinnacle Group of Hudson Valley.

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