Monday, July 14, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

Secure-Self-Storage-Clinton-UT.jpg
AcquisitionsIndustrialSelf-StorageUtahWestern

Mountain West Purchases 101,025 SF Secure Self Storage in Clinton, Utah

by Amy Works

CLINTON, UTAH — Mountain West Self Storage has acquired Secure Self Storage, a 101,025-square-foot facility in Clinton, approximately 30 miles north of Salt Lake City. A family development group sold the asset for an undisclosed price. Secure Self Storage consists of four one-story buildings offering a total of 647 climate-controlled and non-climate-controlled units. The facility has brick front dividers with metal interior walls, standing-seam metal roofs, roll-up doors and asphalt driveways. Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller and procured the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAlabamaMultifamilySoutheast

Marcus & Millichap Brokers $21.7M Sale of St. Andrews Villas in Madison, Alabama

by John Nelson

MADISON, ALA. — Marcus & Millichap has brokered the $21.7 million sale of St. Andrews Villas, a newly built, 96-unit townhome community in Madison, about four miles west of the Mazda Toyota Manufacturing plant in Huntsville. Josh Jacobs and Royce Emerson of Marcus & Millichap represented the developer, Keelon Development Inc., in the sale. The buyer was not disclosed. Built in 2023, St. Andrews Villas features one-level luxury rental townhomes with 9-foot ceilings, walk-in showers and garages featuring electric vehicle charging. Amenities include a swimming pool, coworking space and a fitness center.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaMixed-UseOfficeRetailSoutheast

Cushman & Wakefield Arranges Sale of 89,883 SF Mixed-Use Center in Aventura, Florida

by John Nelson

AVENTURA, FLA. — Cushman & Wakefield has arranged the sale of Aventura Plaza, an 89,883-square-foot mixed-use center in suburban Miami. Situated along Biscayne Boulevard, the property comprises a neighborhood shopping center and a two-story office building spanning 23,554 square feet. Aventura Plaza was 92 percent leased at the time of sale to tenants including Ace Hardware and a recently opened grocery store, Plum Market, that replaced a former Office Depot. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Aventura Plaza Partners, which has owned and operated the property for several decades. The buyer is an entity related to New York-based Elysee Investments. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaMultifamilySoutheast

Colliers Arranges $10.9M Sale of Casa Linda Apartment Building in Miami

by John Nelson

MIAMI — Colliers has arranges the $10.9 million sale of Casa Linda, a six-story apartment building located at 3300 S. Dixie Highway in Miami’s Coconut Grove neighborhood, roughly four miles outside of downtown. Situated on a 32,000-square-foot site, Casa Linda comprises 45 units in one- and two-bedroom layouts. Private investor Philip Rahimzadeh acquired the asset from an entity doing business as Trizel CRE. Virgilio Fernandez of Colliers represented both the buyer and seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailSoutheastTennessee

Marcus & Millichap Brokers $5.6M Sale of Strip Retail Center Near Chattanooga

by John Nelson

OOLTEWAH, TENN. — Marcus & Millichap has brokered the $5.6 million sale of Wolftever Crossing Shopping Strip, a 12,040-square-foot strip retail center located in Ooltewah, roughly 20 miles outside Chattanooga. Tenants at the property, which was built in 2017, include AT&T, Supercuts, Salsarita’s, Firehouse Subs and a standalone AFC Urgent Care. Harrison Creason and Andrew Margulies of Marcus & Millichap arranged the sale on behalf of the seller, a South Carolina-based partnership, and procured the buyer, a California-based private investor. Jody McKibben assisted in closing the transaction as the firm’s broker of record in Tennessee.

Continue Reading
FacebookTwitterLinkedinEmail
Northgate-One-Camden
AcquisitionsAffordable HousingMultifamilyNew JerseyNortheast

Hudson Valley Property Group Buys 321-Unit Affordable Housing Building in Camden, New Jersey

by Taylor Williams

CAMDEN, N.J. — Hudson Valley Property Group has purchased Northgate One, a 321-unit affordable housing building located in the Southern New Jersey city of Camden. The 21-story building was originally constructed in 1963, and the majority of the units are reserved for households earning 60 percent or less of the area median income. The new ownership plans to rehabilitate the property with infrastructural upgrades, mechanical system replacements and in-unit bathroom, kitchen and apartment safety improvements. The project is expected to last about two years and will be funded with a mix of federal and state tax credits as well as private capital, including a $40.7 million FHA loan originated by PGIM Real Estate.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew YorkNortheastOffice

Cushman & Wakefield Brokers $27M Sale of Manhattan Office Building

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has brokered the $27 million sale of a 17,185-square-foot office building located at 25 E. 22nd St. in Manhattan’s Flatiron District. Audrey Cappell, whose three nonprofit organizations previously occupied the six-story building, sold the asset to Japanese publishing and comic book company Kodansha USA. The nonprofits are relocating to a nearby property to accommodate their growth. The building also housed Nike’s New York City office in the 1990s. Craig Waggner, John Ciraulo, Jack Stephen, Carri Lyon and Mark Mandell of Cushman & Wakefield brokered the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMassachusettsNortheastRetail

Freudenheim Partners Arranges $7.3M Sale of Metro Boston Retail Building

by Taylor Williams

FRAMINGHAM, MASS. — Boston-based brokerage firm Freudenheim Partners has arranged the $7.3 million sale of a 31,199-square-foot retail building in Framingham, located on the western outskirts of the state capital. The building at 280 Worcester Road was constructed in 1930, according to LoopNet Inc. Leigh Freudenheim of Freudenheim Partners represented the seller, Bosse Framingham Turf LLC, in the transaction. Cindy Laughrea of Engel & Volkers represented the buyer, William Marsh Holdings LLC.

Continue Reading
FacebookTwitterLinkedinEmail
Pulse-Millenia-Chula-Vista-CA
AcquisitionsCaliforniaMultifamilyWestern

Northwestern Mutual Sells Pulse Millenia Multifamily Community in Chula Vista, California for $116M

by Amy Works

CHULA VISTA, CALIF. — Northwestern Mutual has completed the disposition of Pulse Millenia, a garden-style apartment property at 2043 Artisan Way in the Otay Ranch submarket of Chula Vista, just south of San Diego. An undisclosed buyer acquired the asset for $116 million. Built in 2106, Pulse Millenia features 273 one-, two- and three-bedroom floor plans averaging 970 square feet with stainless steel appliances, granite countertops, wood-style flooring and in-unit washers/dryers. Community amenities include a central sundeck plaza with a heated pool and spa; a 24-hour fitness center; a social lounge with a billiard table and kitchen; a multi-station business center; a conference center and private dining room; a multi-sport/bocce ball court; and barbecue grilling stations. Pulse Millenia was the first apartment community constructed as part of the $4 billion Millenia master plan within Otay Ranch. Kip Malo led the JLL Capital Markets Investment Sales Advisory team that represented the seller in the deal. Charles Halladay, Annie Rice, Brandon Smith, Rick Salinas of JLL Capital Markets Debt Advisory secured a $71.8 million, seven-year, fixed-rate loan through Freddie Mac Multifamily for the undisclosed buyer. JLL Real Estate Capital, a Freddie Mac Optigo lender, will service the loan.

Continue Reading
FacebookTwitterLinkedinEmail
Walla-Walla-Town-Center-WA
AcquisitionsRetailWashingtonWestern

Alamo Group, Covenant Real Estate Buy 120,169 SF Walla Walla Town Center Mall in Washington

by Amy Works

WALLA WALLA, WASH. — Alamo Group and Covenant Real Estate Group have acquired Walla Walla Town Center, a shopping mall situated on 31 acres in Walla Walla. Terms of the transaction were not released. At the time of sale, the 120,169-square-foot property was 93 percent occupied. Current tenants include Planet Fitness, Burlington, Ross Dress for Less, Marshall’s, PetSmart, Ulta Beauty, Hobby Lobby, Famous Footwear and Sportsman’s Warehouse. Formerly known as Blue Mountain Mall, the asset was redeveloped and reopened as Walla Walla Town Center in 2018. According to Marcus & Millichap, Bed, Bath & Beyond declared bankruptcy and vacated the premises during escrow and negotiations are underway with Old Navy to backfill some of the center’s vacancies. Christopher Edwards, Clayton Brown and Ruthanne Loar of Marcus & Millichap represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts