Acquisitions

Owners Exchange Two Northern Colorado Industrial Assets for $19.1M

by Amy Works May 1, 2025

WINDSOR AND LOVELAND, COLO. — Two owners have sold two industrial properties to each other for a total consideration of $19.1 million. Cushman & Wakefield’s Jason Ells represented Schlosser Signs Inc., while Cole Herk of Cushman & Wakefield represented Bar S U in the acquisition and disposition transactions. Schlosser Signs Inc., an owner and user, acquired 31815 Great Western Drive in Windsor from Bar S U for $14.2 million, while Bar S U, an investor, purchased 3505 Draft House Court in Loveland from Schlosser Signs for $5.2 million. Schlosser Signs plans to relocate to the 100,000-square-foot Class A industrial facility in Windsor. The property features 40-foot ceilings, overhead cranes, abundant power and enhanced production capacity enabling Schlosser Signs to take on larger, more complex signage projects. Bar S U’s new 20,500-square-foot property in Loveland features radiant heat, natural lighting, a 14-foot overhead door, 20- to 24-foot clear heights, open floor plans and outside storage.

May 1, 2025

Acquisitions Colorado Office Western

CW Real Estate Partners Brokers Sale of 16,050 SF Office Property in Denver

by Amy Works May 1, 2025

DENVER — CW Real Estate Partners has arranged the purchase of an office building located at 2186 S. Holly St. in Denver. Ascent 2186, a local investor and developer, acquired the property from Hillsdale Holdings for $1.6 million, or $103 per square foot. Built in 1964 and renovated in 2005, the 16,050-square-foot building was 96 percent occupied at the time of sale with a mix of small office users. Chris Wiedenmayer of CW Real Estate Partners represented the buyer, while Brandon Paxton off BRD Commercial Group represented the seller in the deal.

May 1, 2025

Acquisitions Illinois Industrial Kansas Michigan Midwest

Lineage to Acquire Four Tyson Foods Warehouses for $247M, Plans $1B Growth Pipeline

by Kristin Harlow May 1, 2025

NOVI, MICH. — Lineage Inc. (NASDAQ: LINE), a Novi-based cold storage REIT, has entered into a definitive agreement to acquire four cold storage warehouses from Tyson Foods Inc. for $247 million. At or prior to closing the acquisition agreement, Lineage will enter into an additional, multi-year agreement under which it will design, build and operate two next-generation, fully automated cold storage warehouses in major U.S. distribution markets that Tyson will occupy as an anchor tenant. Under the same agreement, Tyson will begin storing product at Lineage’s newly developed property in Hazelton, Pa., which utilizes LinOS, Lineage’s proprietary warehouse execution technology. Lineage says it expects to deploy approximately $1 billion of capital over the coming years on the acquisitions and the new greenfield developments. The existing Tyson warehouses that sold in the transaction total roughly 49 million cubic feet and are located in Pottsville, Pa., Olathe, Kan., Rochelle, Ill. and Tolleson, Ariz. Following the acquisition, Lineage plans to onboard over 1,000 Tyson employees. Over time, the acquired warehouses will be transitioned to public warehouses as part of Lineage’s global footprint. The transaction is subject to customary closing conditions and is expected to close in the second quarter. Lineage expects to deploy …

May 1, 2025

Acquisitions Midwest Multifamily Wisconsin

Marcus & Millichap Arranges $5.8M Sale of Multifamily Portfolio in Western Wisconsin

by Kristin Harlow May 1, 2025

ELLSWORTH AND BALDWIN, WIS. — Marcus & Millichap has arranged the $5.8 million sale of a 49-unit multifamily portfolio in western Wisconsin. The portfolio includes 25 units across five buildings in Ellsworth and two buildings in Baldwin with 24 units. Scott Anderson of Marcus & Millichap represented the seller and procured the buyer. Both parties were Wisconsin-based investors.

May 1, 2025

Acquisitions Illinois Industrial Midwest

DarwinPW Realty/CORFAC International Brokers Sale of 40,048 SF Industrial Building in Metro Chicago

by Kristin Harlow May 1, 2025

ELMHURST, ILL. — DarwinPW Realty/CORFAC International has brokered the sale of a 40,048-square-foot industrial building located at 185 Industrial Drive in the Chicago suburb of Elmhurst. Built in 1975, the property features a clear height of 18 feet, 6,418 square feet of second-story office space, five exterior docks, two drive-in doors and an existing distribution infrastructure. The parking lot has space for 42 cars as well as an electric truck and van charging station. George Cibula and Luke Ferzacca of DarwinPW represented the buyer, 3 Flat LLC. DarwinPW is also marketing the building for lease. The seller was represented by its in-house attorney.

May 1, 2025

Boulevard-East-Apartments-Avenel-New-Jersey

Acquisitions Multifamily New Jersey Northeast

Cushman & Wakefield Brokers $14.3M Sale of Apartment Building in Avenel, New Jersey

by Taylor Williams May 1, 2025

AVENEL, N.J. — Cushman & Wakefield has brokered the $14.3 million sale of Boulevard East, a 39-unit apartment complex in Avenel, about 30 miles south of New York City. The newly constructed, three-story building was fully occupied at the time of sale. Each unit has two bedrooms and features premium finishes, including stainless steel appliances, designer bathrooms and assigned parking spaces. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, Adoni Property Group, in the transaction and procured the buyer, FM Ferrari Investments. Both parties are locally based investment firms.

May 1, 2025

Acquisitions Multifamily Texas

Altus Equity Group Buys 1,225-Unit Multifamily Portfolio in Odessa, Texas

by Taylor Williams April 30, 2025

ODESSA, TEXAS — Altus Equity Group, an investment firm with offices in Texas, South Carolina and California, has purchased a portfolio of six multifamily properties totaling 1,225 units in the West Texas city of Odessa. Altus acquired the garden-style properties, which had a collective occupancy rate of 92 percent at the time of sale, in partnership with Wellings Capital. Drew Garza led the team at Institutional Property Advisors (IPA), a division of Marcus & Millichap, that brokered the sale of the portfolio. Rocco Mandala led the CBRE debt placement team that originated acquisition financing for the deal. The seller was not disclosed.

April 30, 2025

Acquisitions Multifamily Texas

IPA Negotiates Sale of 256-Unit Woodlands Apartments in Tyler, Texas

by Taylor Williams April 30, 2025

TYLER, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Woodlands, a 256-unit apartment complex located in the East Texas city of Tyler. Built in 1984, the property offers one- and two-bedroom units and amenities such as fitness and business centers, a pool and package lockers. Taylor Hill, William Hubbard, Drew Kile, Joey Tumminello and Michael Ware of IPA represented the seller, BH Equities, in the transaction and procured the buyer, Clover Capital Partners. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets originated an undisclosed amount of agency acquisition financing for the deal that was structured with a seven-year term and fixed interest rate.

April 30, 2025

Acquisitions Office Texas

BH Properties Acquires 205,293 SF Office Complex in Southwest Austin

by Taylor Williams April 30, 2025

AUSTIN, TEXAS — California-based investment firm BH Properties has purchased The Park on Barton Creek, a 205,293-square-foot office complex in southwest Austin. Built in 2007, The Park on Barton Creek consists of two buildings on a 16.5-acre site with separate 426-space parking structures. The property recently underwent a $1.3 million capital improvement program that enhanced the lobby and added both a tenant lounge and conference center. Ryan Stevens and Drew Fuller of JLL brokered the sale of the property. The seller was not disclosed.

April 30, 2025

Acquisitions Multifamily New Jersey Northeast

Tishman Speyer Buys Northern New Jersey Apartment Building for $96.1M

by Taylor Williams April 30, 2025

MONTCLAIR, N.J. — New York City-based real estate giant Tishman Speyer has purchased Two South Willow, a 200-unit apartment building located in the Northern New Jersey community of Montclair, for $96.1 million. Completed in 2021, Two South Willow consists of 180 market-rate units and 20 affordable housing units in studio, one- and two-bedroom floor plans. Amenities include a fitness center, roof deck, resident lounge, interior courtyard and barbecue grills. Tishman Speyer plans to undertake a series of targeted enhancements to the lounge, roof deck, common areas and mechanical systems, as well as to re-orient the lobby and add a coworking lounge and pet washing station. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE represented the undisclosed seller in the transaction.

April 30, 2025

Newer Posts

Older Posts