Acquisitions

CBRE Negotiates $76.5M Sale of Shopping Center in Chappaqua, New York

by Taylor Williams January 19, 2026

CHAPPAQUA, N.Y. — CBRE has negotiated the $76.5 million sale of Chappaqua Crossing, a 120,986-square-foot shopping center located in New York’s Westchester County that is part of the redevelopment of the 114-acre former Reader’s Digest headquarters campus. Tenants at the center include anchors Whole Foods Market and Life Time Fitness, as well as Starbucks and Chase Bank. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Heitman, in the transaction and procured Barings as the buyer.

January 19, 2026

Acquisitions Retail Washington Western

L&B Realty Advisors Divests of 67,578 SF Retail Building in Downtown Seattle

by Amy Works January 19, 2026

SEATTLE — L&B Realty Advisors has completed the $8 million disposition of a retail building located at 601 Pine St. in downtown Seattle. Dino Christophilis and Daniel Tibeau of CBRE represented the seller in the deal. Situated on 0.35 acres of land, the 67,578-square-foot property is located a block away from Westlake Center and in the core of Seattle’s central business district. The undisclosed buyer plans to renovate the four-story property in preparation of new retailers, according to CBRE.

January 19, 2026

Acquisitions California Office Western

CBRE Brokers $6.2M Sale of of Orange Plaza Office Building in Redlands, California

by Amy Works January 19, 2026

REDLANDS, CALIF. — CBRE has negotiated the sale of Orange Plaza, an office building located at 1615 Orange Tree Land in Redlands. A corporate seller sold the asset to an undisclosed buyer for $6.2 million. Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Bryan Johnson of CBRE represented the seller in the transaction. Situated on 2.5 acres, the two-story building offers 36,360 square feet of office space and ample parking.

January 19, 2026

Acquisitions Arizona Net Lease Retail Western

Cushman & Wakefield Arranges $3.2M Sale of Dollar Tree-Occupied Retail Property in Glendale, Arizona

by Amy Works January 19, 2026

GLENDALE, ARIZ. — Cushman & Wakefield has brokered the sale of a single-tenant retail property located at 6773 W. Bell Road in Glendale. WM Grace Cos. sold the asset to Teakwood Norman LLC for $3.2 million. Dollar Tree occupies the 12,064-square-foot property, which was built in 2002, under a net-lease structure. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the transaction.

January 19, 2026

Acquisitions Northeast Pennsylvania Retail

Marcus & Millichap Brokers $7.4M Sale of Metro Philadelphia Retail Property

by Taylor Williams January 19, 2026

PHOENIXVILLE, PA. — Marcus & Millichap has brokered the $7.4 million sale of Phoenixville Shopping Center, a 33,093-square-foot retail property located roughly 28 miles northwest of Philadelphia. Built in 2007, the center was fully leased at the time of sale to tenants such as Fresenius Kidney Care, Labcorp, NovaCare Rehabilitation, State Farm and Benchmark Federal Credit Union. Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the seller, a private investor based in Pennsylvania, in the deal.

January 19, 2026

Acquisitions Development Multifamily New York Northeast

Ariel Property Advisors Arranges $7M Sale of Multifamily Development Site in The Bronx

by Taylor Williams January 19, 2026

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $7 million sale of a 9,500-square-foot multifamily development site in The Bronx. The site at 114 Bruckner Ave. is located in the borough’s Mott Haven neighborhood and can support 68,400 buildable square feet of new development via eligibility for the City of Yes program. Jason Gold and Gabriel Elyaszadeh of Ariel represented the undisclosed seller in the transaction. The buyer was also not disclosed.

January 19, 2026

Acquisitions Illinois Midwest Multifamily

Eastham Capital, Bender Cos. Acquire Multifamily Property in Metro Chicago for $75.3M

by Kristin Harlow January 19, 2026

MOUNT PROSPECT, ILL. — Eastham Capital and Bender Cos. have acquired The Element, a 509-unit, garden-style multifamily community in the Chicago suburb of Mount Prospect, for $75.3 million. To date, Eastham and Bender have co-invested in 10 properties. The Element is currently at 95 percent occupancy with average rents of $1,590 per month. The renovation plan for the value-add asset includes roughly $5 million to upgrade unit interiors, building systems and exterior areas. These improvements will build on significant upgrades completed by prior ownership. Built in 1968, the property is situated on more than 10 acres. The Element offers a mix of floor plans ranging from 850 to 1,800 square feet. Amenities include a fitness center, pool, yoga studio, business center, game room and laundry facilities.

January 19, 2026

Acquisitions Illinois Industrial Midwest

Dalfen Industrial Buys Two-Building, 56,000 SF Portfolio in Wood Dale, Illinois

by Kristin Harlow January 19, 2026

WOOD DALE, ILL. — Dalfen Industrial has purchased a two-building, multi-tenant industrial portfolio totaling 56,000 square feet in the Chicago suburb of Wood Dale. The transaction was sourced through a longstanding relationship with Colliers. The properties are 66 percent leased and home to seven tenants with suite sizes ranging from approximately 3,000 to 7,000 square feet. The buildings feature five dock-high doors and six drive-in doors. The portfolio offers convenient access to I-90, I-290 and I-294 as well as close proximity to the Chicago O’Hare International Airport.

January 19, 2026

Acquisitions Maryland Retail Southeast

Mackenzie Brokers $57.5M Sale of Normandy Shopping Center Near Baltimore

by Abby Cox January 19, 2026

ELLICOTT CITY, MD. — Mackenzie Commercial Real Estate Services has brokered the $57.5 million sale of Normandy Shopping Center, a 185,000-square-foot shopping center located in Ellicott city, roughly 13 miles outside Baltimore. Owen Rouse and Tom Green of MacKenzie represented the seller, an entity doing business as Normandy Venture LP, and procured the buyer, Normandy National Pike LLC. Normandy National Pike is owned by the Singh family in Ellicott City. The five-building shopping center has been owned by the Moxley family since 1961, according to the Baltimore Business Journal. Normandy Shopping Center, which spans three separate parcels on a 25-acre site, houses more than 45 tenants, including Planet Fitness, Triveni Supermarket, Pinebrook Montessori Daycare, Bank of America, High’s Dairy Store and Kelsey’s Restaurant. Additional tenants at the center include Safesplash Swim School, Uptown Cheapskate and J&J Sew N Vac. The property also features a nearly 6-acre, undeveloped lot to allow for future expansion.

January 19, 2026

Acquisitions Multifamily Southeast Tennessee Walker & Dunlop

Walker & Dunlop Arranges $39M Sale of Apartment Community in Knoxville, Tennessee

by Abby Cox January 19, 2026

KNOXVILLE, TENN. — Walker & Dunlop has arranged the $39 million sale of Retreat at West Hills, a 256-unit, garden-style apartment community located at 3399 Lake Brook Blvd. in Knoxville. The buyer, an undisclosed institutional investor, has rebranded the property as Vetra West Hills. Brad Boston, Brett Kingman, Robbie O’Bryan and Russ Oldham of Walker & Dunlop represented the seller, Abiete Real Estate, in the transaction. Kevin Walsh, Craig West and Griffin Delgado of Walker & Dunlop originated a $29 million Fannie Mae acquisition loan on behalf of the buyer. Vetra West Hills offers one-, two- and three-bedroom floorplans ranging in size from 576 to 1,190 square feet. Amenities at the complex include a fitness center, clubhouse, resort-style swimming pool with a sundeck, business center, grilling and picnic area, tennis courts and onsite laundry facilities.

January 19, 2026

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