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Acquisitions

Alta-Rise-Apts-Gilbert-AZ
AcquisitionsArizonaMultifamilyWestern

Wood Partners Sells 278-Unit Alta Rise Multifamily Community in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — Wood Partners has completed the disposition of Alta Rise, an apartment property in Gilbert. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Terms of the transaction were not released. Completed in 2025, Alta Rise features 278 apartments with walk-in closets with built-in shelving, kitchens with quartz countertops, soft-close cabinetry and French door refrigerators. The four-story community includes a fourth-floor lounge and Skydeck, a bodega, speakeasy, lawn with yard games and a firepit, a multipurpose field, pickleball courts and a swimming pool and spa.

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Airport-Mini-Storage-Corning-CA
AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Bancap Self Storage Group Brokers Sale of Two Properties Totaling 315 Units in Corning, California

by Amy Works

CORNING, CALIF. — Bancap Self Storage Group has arranged the sale of two self-storage properties operated together in Corning. A private family trust sold the assets to a local group for an undisclosed price. Dean Keller of Bancap Self Storage Group represented the seller in the transaction. Airport Mini Storage and Affordable Mini Storage offer a combined nearly 52,000 net rentable square feet with 315 units. At the time of sale, the portfolio was fully occupied.

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Super-Star-Car-Wash-Tucson-AZ
AcquisitionsArizonaRetailWestern

Marcus & Millichap Arranges $9.7M Sale-Leasebacks of Two Car Wash Properties in Arizona

by Amy Works

TUCSON AND GLENDALE, ARIZ. — Marcus & Millichap has negotiated the sales of two single-tenant Super Star Car Wash properties in Tucson and Glendale for a combined $9.7 million. Super Star Car Wash sold the assets to two separate buyers for a combined $9.7 million in sale-leaseback transactions. The Tucson property, located at 8690 E. Golf Links Road, sold for $4.7 million. Built in 2024, the 4,226-square-foot car wash sits on approximately 1.2 acres. The Glendale property, located at 5131 W. Olive Ave., sold for $5 million. Completed in 2025, the 4,620-square-foot asset occupies approximately 1.1 acres. Founded in 1993, Super Star Car Wash operates approximately 117 locations across Arizona, California, Colorado and Texas. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap’s Phoenix office marketed the Tucson property on behalf of the seller and procured the buyer. In the Glendale deal, the team represented the buyer, a family trust, and the seller in the off-market sale.

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AcquisitionsMidwestOhioRetail

Tanger Acquires Town Center at Levis Commons Near Toledo for $60M

by Kristin Harlow

PERRYSBURG, OHIO — Tanger has acquired The Town Center at Levis Commons, a 300,000-square-foot mixed-use development in Perrysburg, about 10 miles south of Toledo. The purchase price was $60 million. Developer and owner Hill Partners, which has managed, leased and owned Levis Commons since its opening in 2004, was the seller. Situated at the entrance of J. Preston Levis Commons, a 400-acre master-planned community, The Town Center at Levis Commons features more than 60 retailers and restaurants, a Cinemark movie theater and 69,000 square feet of office space. Tenants include Sephora, Shake Shack, Anthropologie, lululemon, J. Crew Factory, Athleta, drybar, Soma, Chico’s, Arhaus and Books-A-Million.

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AcquisitionsIndianaMidwestRetail

Encore Brokers $13.8M Sale of Shopping Center in Mishawaka, Indiana

by Kristin Harlow

MISHAWAKA, IND. — Encore Real Estate Investment Services has brokered the $13.8 million sale of Town & Country Shopping Center, a 382,139-square-foot power center situated on 40 acres in Mishawaka. The grocery-anchored property is home to a mix of national, regional and local tenants. Noah Dalaly and Danny Samona of Encore represented the buyer, a California-based investment firm, and the seller, a private family office in Lugano, Switzerland.

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AcquisitionsHospitalityTexas

Marcus & Millichap Brokers Sale of 204-Site RV Park in Midland, Texas

by Taylor Williams

MIDLAND, TEXAS — Marcus & Millichap has brokered the sale of a 204-site RV park in the West Texas city of Midland. RV Midland was built on a seven-acre site in 2018 and includes nine acres for future expansion. Skyler Henderson and Brad Dorsey of Marcus & Millichap represented the Louisiana-based seller and procured the California-based buyer, both of which requested anonymity, in the transaction.

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AcquisitionsIndustrialTexas

Stream Realty Negotiates Sale of 33,280 SF Industrial Building in West Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated the sale of a 33,280-square-foot industrial building in West Houston. The building at 1045 Heritage West Drive was completed earlier this year and features 28-foot clear heights. Tyler Maner and Will Mason of Stream represented the buyer, SWI Valve International, in the transaction. The seller was a partnership between Urban Cos. and Insite Realty Partners.

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Ridge275-Wethersfield-Connecticut
AcquisitionsConnecticutMultifamilyNortheast

Avison Young Negotiates $19.1M Sale of Apartment Building in Wethersfield, Connecticut

by Taylor Williams

WETHERSFIELD, CONN. — Avison Young has negotiated the $19.1 million sale of Ridge275, a 64-unit apartment building in Wethersfield, located just south of Hartford, that was built in 2019. According to Apartments.com, Ridge275 offers one- and two-bedroom units that range in size from 850 to 1,230 square feet and amenities such as a pool, fitness center, business center and a resident clubhouse. The name of both the seller and the buyer, a Long Island-based developer, were not disclosed.

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AcquisitionsNew JerseyNortheastOffice

Colliers Brokers $5.2M Sale of Vacant Office Building in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — Colliers has brokered the $5.2 million sale of a vacant office building in the Northern New Jersey community of Parsippany. Automotive insurance company DOWC previously occupied the three-story building at 199 Pomeroy Road, which according to LoopNet Inc. was constructed in 1985 and renovated last year. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the buyer and seller, both of which requested anonymity, in the transaction.

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AcquisitionsFloridaRetailSoutheast

Second Horizon Capital Purchases 710,000 SF Retail Center in Melbourne, Florida

by Abby Cox

MELBOURNE, FLA. — Second Horizon Capital has acquired Melbourne Square, a 710,000-square-foot retail center in Melbourne, a city on Florida’s Space Coast. A joint venture between Neuberger Berman and Cross Ocean Partners arranged the sale. According to the Orlando Business Journal, the shopping center sold for $56.3 million on March 2. Second Horizon Capital has implemented a capital improvement program, which will comprise supporting community engagement, center operations, building upgrades and expanding programming and partnerships with local organizations and businesses. CBRE will handle leasing and property management at the center. Tenants at Melbourne Square include American Eagle, ALMA Med Spa, Aleena Diamonds, Bath & Body Works, Candle Cart, Dick’s Sporting Goods, Dillard’s, EoS Fitness, Foot Locker, Hollister, Macy’s and Pandora, among others.

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