Monday, June 16, 2025
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Acquisitions

Self-Storage-Facilities-Clovis-NM
AcquisitionsIndustrialNew MexicoSelf-StorageWestern

Marcus & Millichap Negotiates Sale of 292-Unit Self-Storage Portfolio in Clovis, New Mexico

by Amy Works

CLOVIS, N.M. — Marcus & Millichap has arranged the sale of a two-property self-storage facility portfolio in Clovis. Terms of the transaction were not disclosed. The portfolio includes two facilities at 3400 W. 7th St. and 5126 N. Prince St. In total, the portfolio offers 262 non-climate-controlled units, 29 fully enclosed RV and boat units and one office. Situated on 3.2 acres, the portfolio totals 53,880 net rentable square feet. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap represented the seller and procured the buyer in the deal.

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24011-24031-Marquerite-Pkwy-Mission-Viejo-WA
AcquisitionsCaliforniaRetailWestern

Hanley Investment, Walseth Investment Co. Broker $11.6M Sale of Shopping Center in Mission Viejo, California

by Amy Works

MISSION VIEJO, CALIF. — Hanley Investment Group Real Estate Advisors and Walseth Investment Co. have negotiated the $11.6 million sale of a shopping center located at 24011-24031 Marguerite Parkway in Mission Viejo. Kevin Freeman, Bill Asher and Ed Hanley of Hanley Investment Group represented the seller, a Colorado-based private investment company, while Michael Walseth of Walseth Investment Co. represented the buyer, an Orange County, Calif.-based regional grocery store operator, in the transaction. Built in 1973 on 3.4 acres, the shopping center offers 51,312 square feet of retail space. Current tenants include A Cut Above, Little Caesars and Leslie’s Pool Supplies. The vacant, 37,118-square-foot Orchard Supply Hardware store comprises more than 72 percent of the center’s total square footage. The asset underwent a facade remodel in 2016.

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AcquisitionsIllinoisMidwestMultifamily

Kiser Group Brokers $1.6M Sale of Multifamily Building in Chicago’s Lincoln Square

by Kristin Harlow

CHICAGO — Kiser Group has brokered the $1.6 million sale of a six-unit multifamily building in Chicago’s Lincoln Square neighborhood. The value-add property, constructed in 1928, has been owned by the same family for over four decades. Each unit offers approximately 1,400 square feet of living space with three bedrooms. The property also includes five garage parking spaces. Katie LeGrand and Jacob Price of Kiser brokered the transaction.

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AcquisitionsIndustrialNew JerseyNortheast

Cushman & Wakefield Brokers Sale of Two Industrial Properties Totaling 1.1 MSF in Central New Jersey

by Taylor Williams

MONROE TOWNSHIP, N.J. — Cushman & Wakefield has brokered the sale of two industrial properties totaling approximately 1.1 million square feet in Monroe Township, located just outside of Trenton in Central New Jersey. The property at 201 Middlesex Center Blvd. is a 600,000-square-foot cross-dock facility that was built in 2008 and features a clear height of 36 feet, 66 dock doors and 176 trailer parking spaces. The property at 773 Cranbury South River Road is a 488,884-square-foot building that sits on a 34.7-acre site and was completed in 2017 via a 50-year ground lease. Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema of Cushman & Wakefield represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The Cushman & Wakefield team of Stan Danzig, Jules Nissim, Steve Elman, Kimberly Bach and Eric Schlett also advised the seller in the deal.

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Senior-Living-Community_King-of-Prussia
AcquisitionsMultifamilyNortheastPennsylvaniaSeniors Housing

Blueprint Negotiates Sale of 190-Unit Senior Living Community in Metro Philadelphia

by Taylor Williams

KING OF PRUSSIA, PA. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of a 190-unit seniors housing community located in King of Prussia, roughly 20 miles northwest of Philadelphia. The unnamed property, which according to Blueprint was not stabilized at the time of sale, opened in 2021 and offers assisted living and memory care services. Alex Florea, Kevin Lukehart, Steve Thomes and Kory Buzin of Blueprint represented the seller, an undisclosed private equity investor, in the transaction. The buyer was also not disclosed.

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AcquisitionsFloridaIndustrialSoutheast

JLL Negotiates $53.8M Sale of Distribution Center in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — JLL Capital Markets has negotiated the $53.8 million sale of Imeson Commerce Center, a newly constructed, 422,136-square-foot distribution center in Jacksonville. Situated within Imeson Industrial Park near Jacksonville International Airport, the rear-load building features 36-foot clear heights, 81 dock-high doors, 260 car parking spaces and 180 trailer parking spaces. The facility is fully leased to RoadOne IntermodaLogistics, North America’s largest intermodal trucking provider, with 103,000 square feet of the property providing air-conditioned warehouse space. Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL’s Investment Sales and Advisory team represented the sellers, North Signal Capital and Fox Capital Partners, in the transaction. CIP Real Estate was the buyer.

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AcquisitionsFloridaRetailSoutheast

Avison Young Arranges $16M Sale of North Miami Shopping Center

by John Nelson

NORTH MIAMI FLA. — Avison Young has arranged the $16 million sale of Sans Souci Plaza, a 47,350-square-foot retail property located at 2104 and 2222 NE 123rd St. in North Miami. This acquisition marks the first time the center has been sold. The property — which is anchored by Zaika Indian Cuisine and Catch Specialty Fish Market — comprises two buildings constructed in 1974 and 1976. Michael Fay, John Crotty, David Duckworth, Brian de la Fé and Philip Shapiro of Avison Young represented the seller, Matthews Real Estate Partners, in the transaction. Mario Borda of BCRE (Borda Commercial Real Estate) represented the Aventura, Fla.-based buyer.

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Olume-Apts-SanFran-CA
AcquisitionsCaliforniaMultifamilyWestern

Presidio Bay Ventures, Artemis Real Estate Buy 121-Unit Olume Multifamily Building in San Francisco

by Amy Works

SAN FRANCISCO — Presidio Bay Ventures, in partnership with Artemis Real Estate Partners, has acquired Olume, an apartment building located at 1401 Mission St. in San Francisco’s SoMa neighborhood, for $39.7 million. Matt Kroger, Ryan Wagner, Brandon Geraldo and Fatai Alashe of JLL brokered the transaction. The name of the seller was not released. Olume offers 121 studio, one- and two-bedroom apartments and was 95 percent occupied at the time of sale. Community amenities include a 360-degree view rooftop deck, residential lounge, coffee bar, pet park and electric vehicle charging stations. The Main Post will manage the property.

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Expo-Centre-Sacramento-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

Sword Industrial Partners Purchases 121,816 SF Expo Centre Industrial Park in Sacramento

by Amy Works

SACRAMENTO, CALIF. — Dallas-based Sword Industrial Partners has purchased Expo Centre, a seven-building industrial park in Sacramento, from BKM Capital Partners for an undisclosed price. Matt Susac and Todd Sanfillipo of CBRE have been retained as leasing agents for the park. Rebecca Perlmutter of CBRE represented the seller in the deal. Totaling 121,816 square feet, the industrial park offers small-bay suites ranging in size from 1,500 square feet to 6,600 square feet. The asset is located at 1767-1791 Tribute Road. Recent capital improvements at the asset include new roofs, paint, suite reconfigurations, signage and drought-tolerant landscaping. Sword Industrial Partners is actively pursuing multi-tenant, infill industrial assets in the Western United States. The newly formed MAG Capital Partners investment platform is helmed by Scott Word, managing partnering of Sword Industrial Partners.

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225-E-Santa-Clara-St-Arcadia-CA
AcquisitionsCaliforniaOfficeWestern

NAI Capital Negotiates $7.4M Sale of Office Building in Arcadia, California

by Amy Works

ARCADIA, CALIF. — NAI Capital Commercial has arranged the sale of a multi-tenant office building located at 225 E. Santa Clara St. in Arcadia. Los Angeles District Church of the Nazarene sold the property to an undisclosed buyer for $7.4 million, or $341 per square foot. At the time of sale, the 21,673-square-foot building was fully occupied and offers abundant parking. The buyer plans to eventually occupy a portion of the property. Marie Taylor of NAI Capital Commercial represented the seller in the deal.

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