Wednesday, July 9, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

Allure-Apts-Denver-CO
AcquisitionsColoradoMultifamilyWestern

Gelt Venture Partners Buys 252-Unit Allure Apartments in Denver for $68.2M

by Amy Works

DENVER — Gelt Venture Partners has acquired Allure Apartments, a multifamily community located at 1300 S. Willow St. in Denver. Sares Regis Group sold the asset for $68.2 million. Built in 2002 and renovated in 2023, Allure Apartments features 252 one- and two-bedroom apartments spread across 12 two- and three-story buildings. Community amenities include a 24-hour fitness center, heated pool, private detached garages, parcel package lockers, a business center, coffee bar and resident clubhouse. The recently upgraded units offer washers/dryers, wood-style flooring, granite countertops, stainless steel appliances, updated cabinets, upgraded light fixtures, carpeted bedrooms, patios or balconies, and nine-foot vaulted ceilings. Jordan Robbins of JLL represented both sides of the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Citrus-Landing-Riverside-CA
AcquisitionsCaliforniaLoansRetailWestern

Gantry Arranges $12.8M Acquisition Loan for Grocery-Anchored Retail Property in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Gantry has arranged a $12.8 million permanent loan to fund the recapitalization of a grocery-anchored retail building within the Citrus Landing retail center in the Inland Empire city of Riverside. Stater Bros, AutoZone and Ross Dress for Less are tenants at the 99,000-square-foot retail center, which is located at 7200 Arlington Ave. Braden Turnbull, George Mitsanas and Austin Ridge of Gantry’s Los Angeles production office secured the financing on behalf of the borrower, a private real estate entity. One of Gantry’s correspondent life company lenders provided the loan, which features a fixed rate, interest-only payments and pre-payment flexibility in years four and five.

Continue Reading
FacebookTwitterLinkedinEmail
Commerce-Center-I-Aurora-CO
AcquisitionsColoradoIndustrialWestern

MCA Realty Acquires 70,301 SF Commerce Center I Industrial Park in Aurora, Colorado

by Amy Works

AURORA, COLO. — MCA Realty has purchased Commerce Center I, a three-building industrial business park at 15200 E. 33rd Place, 15250 E. 33rd Place and 15201 E. Moncrieff Place in Aurora. Commerce Center I was acquired through the firm’s MCA Realty Industrial Growth Fund. An undisclosed seller sold the asset for $9.2 million. MCA Realty plans to spend approximately $1.2 million on interior and exterior renovations that will include exterior paint, renovations to the parking lot, exterior lighting upgrades, HVAC repair and replacement, upgraded signage and landscaping, new loading doors, a remote monitored security system, and renovations to interior storefronts and warehouse space. Built in 1985, the three-building, 70,301-square-foot industrial business park was fully occupied at the time of sale. T.J. Smith, Nick Rice and Matt Keyerleber of Colliers represented MCA Realty and the seller in the transaction.  

Continue Reading
FacebookTwitterLinkedinEmail
4123-NE-Columbia-Rd-Portland-OR
AcquisitionsIndustrialOregonWestern

Norris & Stevens Brokers $1.2M Sale of Industrial Building in Portland, Oregon

by Amy Works

PORTLAND, ORE. — Norris & Stevens has arranged the sale of an industrial building located at 4123 NE Columbia Blvd. in Portland. Creitz Marital Trust sold the asset to an undisclosed buyer for $1.2 million. Greg Nesting, Chase Brand and Gabe Schnitzer of Portland-based Norris & Stevens represented the seller in the deal. Constructed in 1920, the 5,128-square-foot property features a 2,460-square-foot shop and a 2,488-square-foot main office area.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaRetailSoutheast

CBRE Arranges Sale of Fayette Pavilion, Georgia’s Largest Open-Air Retail Center

by John Nelson

FAYETTEVILLE, GA. — CBRE’s National Retail Partners team has arranged the sale of Fayette Pavilion, an open-air retail center in Fayetteville, a city about 22 miles south of Atlanta. At nearly 1.1 million square feet, Fayette Pavilion is the largest open-air retail center in Georgia and also the most visited with approximately 8.3 million annual visitors, according to CBRE. Chris Decoufle, Kevin Hurley and Matt Karempelis of CBRE’s National Retail Partners’ Southeast team represented the seller, Chicago-based Nuveen Real Estate, and procured the buyer, Houston-based 5Rivers CRE, in the transaction. The sales price was not disclosed. Developed on 106 acres from 1995 to 2003, Fayette Pavilion’s tenant roster includes Publix, Hobby Lobby, Burlington, Ross Dress for Less, Marshalls, PetSmart, Old Navy, pOpshelf, Dollar Tree and Five Below.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeSoutheastVirginia

CoStar Group Acquires 31-Story Office Building in Arlington, Virginia

by John Nelson

ARLINGTON, VA. — CoStar Group has purchased Central Place Tower, a 552,000-square-foot office building located at 1201 Wilson Blvd. in Arlington. The seller and sales price were not disclosed, but media outlets report JBG Smith, which developed the 31-story tower in 2018, and joint venture partner PGIM Real Estate sold the tower for $339 million. The office building sits directly above the Rosslyn Metro station. The Richmond-based commercial real estate research giant plans to move 650 Washington, D.C.-area employees to the building as the company’s current lease is set to expire in 2025. CoStar previously acquired an office building at 1331 L St. NW in D.C. in 2011 before executing a sale-leaseback. The company will occupy about 150,000 square feet in the Arlington building and pay about $14 million to Arlington County for sole rights of use of the building’s observation deck, according to Arlington Economic Development. The building was

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialSoutheastVirginia

Phoenix Investors Purchases 813,000 SF Industrial Facility in Martinsville, Virginia

by John Nelson

MARTINSVILLE, VA. — An affiliate of Phoenix Investors has purchased an 813,000-square-foot industrial building located at 1 Walker Road in Martinsville, a city in southern Virginia. Resurgence Properties sold the property for an undisclosed price. The facility previously served as a textile plant for Bassett-Walker before shuttering in 2002. Situated on 53 acres, the property is located 10 miles from the Virginia-North Carolina border and less than 12 miles from Blue Ridge Regional Airport. The facility features six dock doors and four grade-level drive-in doors, as well as 200 parking spaces. Grant Bates of Newmark is handling the leasing assignment for 1 Walker Road, which has more than 700,000 square feet of availability at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareIndianaMidwest

Colliers Brokers Sale of 58,158 SF Medical Office Portfolio in Carmel, Indiana

by Kristin Harlow

CARMEL, IND. — Colliers has brokered the sale of The Green on Meridian, a two-building medical office portfolio totaling 58,158 square feet in the Indianapolis suburb of Carmel. The sales price was undisclosed. The three-story buildings are 25 percent occupied by 10 tenants. Alex Cantu, Alex Davenport and Bryce Wetzel of Colliers represented the seller, NAYA Investment & Management, an independent real estate firm specializing in the acquisition and management of office and residential properties across Indiana and Florida. A private investor was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Brown Commercial Group Negotiates Sale of 23,790 SF Industrial Building in Suburban Chicago

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Brown Commercial Group has negotiated the sale of a 23,790-square-foot industrial building in the Chicago suburb of Elk Grove Village. The sales price was undisclosed. The property at 160 Scott St. was originally marketed for lease but received multiple offers from potential buyers. Candace Scurto of Brown represented the seller, a private investor. Mason Hezner of Brown represented the buyer, GP Glass Co., which has two other locations in Elk Grove Village. The company is a custom shower glass and door installation business.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyOhioSeniors HousingTop StoriesWashingtonWestern

Welltower Agrees to Acquire 25-Property Affinity Living Active Adult Portfolio for $969M

by Kristin Harlow

TOLEDO, OHIO — Welltower Inc. (NYSE: WELL) has agreed to acquire 25 active adult properties from Affinity Living Communities for $969 million. The off-market transaction is part of a long-term strategic partnership between the two companies, with plans for future development activity together. The portfolio encompasses nearly 3,900 units predominately located in the Pacific Northwest. Welltower says the acquisition will enable the company to strategically scale the geographic reach of its active adult portfolio into markets with a five-year projected population growth in the 55-plus demographic that is more than 2.5 times higher than the U.S. average. Post-closing, Affinity will continue to manage the portfolio subject to a terminable management contract. Welltower plans to fund the acquisition using cash on hand and the assumption of $523 million of below-market-rate debt with an average interest rate of 3.8 percent and a nine-year weighted average maturity. The purchase price of approximately $249,000 per unit represents a significant discount to replacement cost, according to Welltower. The average property age is eight years. The transaction is expected to close in tranches over the next several months with timing dependent on property-level loan assumption approvals. The deal will expand Welltower’s in-place and under-development active adult …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts