Wednesday, May 20, 2026
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Acquisitions

AcquisitionsIndianaMidwestRetail

Marcus & Millichap Arranges $2.8M Sale of Five Below-Occupied Property in Hammond, Indiana

by Kristin Harlow

HAMMOND, IND. — Marcus & Millichap has arranged the $2.8 million sale of a 10,122-square-foot retail property net leased to Five Below in Hammond near Chicago. Located at 1035 Indianapolis Blvd., the asset was built in 2024 and is situated on a pad site to a Walmart Supercenter and Ross Dress for Less-anchored retail center. Nicholas Kanich of Marcus & Millichap represented the seller, an Indiana-based retail developer and manager, and procured the buyer, a Michigan-based REIT. Josh Caruana, broker of record in Indiana, assisted in closing the transaction.

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AcquisitionsNet LeaseRetailTexas

Boulder Group Brokers $2.4M Sale of STNL Retail Property in Seguin, Texas

by Taylor Williams

SEGUIN, TEXAS — The Boulder Group has brokered the $2.4 million sale of a single-tenant net-leased (STNL) retail property in Seguin, located on the northeastern outskirts of San Antonio. The sale encompassed two buildings that are located across the street from one another and operated under a single lease with Joe Hudson’s Collision Center, an automotive repair operator with more than 200 locations nationwide. Zach Wright and Brandon Wright of Boulder Group represented the seller, a local investor, in the transaction. The buyer was a 1031 exchange investor. Both parties requested anonymity.

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AcquisitionsRetailSoutheastTennessee

Marcus & Millichap Brokers Sale of 40,085 SF Retail Center in Newport, Tennessee

by John Nelson

NEWPORT, TENN. — Marcus & Millichap has brokered the sale of Five Rivers Plaza, a 40,085-square-foot retail center located on 8.3 acres at 140 Five Rivers Plaza Way in Newport, a suburb of Knoxville. Zach Taylor and Eric Abbott of Marcus & Millichap’s Atlanta office represented the seller, a local developer, in the transaction. The duo also sourced the buyer, a private 1031 investor based in Nashville. Both parties requested anonymity. Additionally, Jody McKibben, Marcus & Millichap’s broker of record in Tennessee, assisted in closing the transaction. “We received a tremendous amount of interest in this property,” says Taylor. “The unanchored service retail sector remains the gold standard. We closed all-cash with a private buyer.” Built in 1983 and renovated in 2023, Five Rivers Plaza was 77 percent leased at the time of sale to 11 tenants, including newly established Family Dollar and Dollar Tree stores.

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AcquisitionsConnecticutNortheastRetail

O,R&L Commercial Negotiates $7.2M Sale of Shopping Center in Branford, Connecticut

by Taylor Williams

BRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has negotiated the $7.2 million sale of Lockworks Square, a 35,600-square-foot shopping center in Branford, located in southern coastal Connecticut. The four-building center is located in the downtown area and is home to tenants such as SaltBrick Prime, Lockworks Tavern, Cheri’s Bakery, Digestive Disease Associates, Physical Therapy & Sports Medicine Centers and Branford Tech Team. Will Braun of O,R&L represented the seller and buyer, both of which requested anonymity, in the transaction.

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Paragon-at-Old-Town-Monrovia-CA
AcquisitionsCaliforniaMultifamilyWestern

IPA Brokers $87.2M Sale of Paragon at Old Town Multifamily Property in Monrovia, California

by Amy Works

MONROVIA, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Paragon at Old Town, an apartment community in Monrovia, northeast of Los Angeles. Sequoia Equities sold the asset to SCS Development Co. for $87.2 million, or $535,276 per unit. Paragon at Old Town features 163 apartments in six floor plans with units ranging from 744 square feet to 1,247 square feet, a resident lounge, fitness center, game room, and elliptical swimming pool and spa with private cabanas, outdoor lounges and courtyards. The 6,077-square-foot ground-floor retail space offers four suites that are fully occupied by The UPS Store, eateries and a sporting goods store. Joseph Grabiec, Kevin Green and Gregory Harris of IPA represented the seller and procured the buyer in the deal.

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KV-Buckeye-10-Buckeye-AZ
AcquisitionsArizonaIndustrialWestern

MDH Partners Buys 249,600 SF KV Buckeye 10 Industrial Park in Buckeye, Arizona for $51M

by Amy Works

BUCKEYE, ARIZ. — MDH Partners has acquired KV Buckeye 10, a two-building industrial property located at 835 and 945 N. 215th Ave. in the Phoenix suburb of Buckeye, from Kentwood Ventures for $51 million. Situated on 18.8 acres, KV Buckeye 10 features 249,600 square feet of Class A industrial space spread across two buildings. Built in 2023, the asset feature 535 car parking spaces and 28-foot clear heights. Building A is 115,200 square feet and Building B is 134,400 square feet, with each building offering 12 truck-well doors and six grade-level doors. Currently KV Buckeye 10 is 60 percent leased to a variety of tenants, including the City of Buckeye; Hajoca, a privately held wholesale distributors of plumbing, heating and cooling, pool and industrial supplies; Safelite, a national automotive glass repair and replacement provider; and AVI, an international provider of communications and audio-visual technology. Greer Oliver and Connor Nebeker-Hay of JLL represented the seller in the deal. John Lydon, Hagen Hyatt and Kelly Royle of JLL are handling leasing for the project.

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Mesa-Ranch-Plaza-Mesa-AZ
AcquisitionsArizonaRetailWestern

SimonCRE Sells 130,000 SF Mesa Ranch Plaza Retail Center in Mesa, Arizona

by Amy Works

MESA, ARIZ. — SimonCRE has completed the sale of Mesa Ranch Plaza, a shopping center in Mesa. Mesa Ranch 24 LP acquired the asset for $26 million. Located at 1008, 1036, 1060 and 1142 E. Southern Ave., Mesa Ranch Plaza totals 130,000 square feet. At the time of sale, the property was 99 percent occupied. Alex Kozakov and Patrick Wade of CBRE’s South Bay Los Angeles office represented the buyer and seller in the transaction. Michael Hackett of CBRE served as the local market expert for the deal.

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8250-8260-Camino-Santa-Fe-San-Diego-CA
AcquisitionsCaliforniaIndustrialWestern

Hill Properties, Westport Capital Partners Divest of Multi-Tenant Industrial Building in San Diego for $17.1M

by Amy Works

SAN DIEGO — Hill Properties and Westport Capital Partners have completed the disposition of 8250-8260 Camino Santa Fe in San Diego to CSF LLC for $17.1 million, or $282 per square foot. Situated on 3.6 acres, the two-building property offers 60,866 square feet of industrial space. At the time of sale, the asset was 96 percent occupied by eight tenants. The property, which was built in the late 1980s, recently underwent extensive capital improvements, including new exterior paint, suite and directional signage, monument signage, parking lot resurfacing and new landscaping. Matt Poucho, Anthony DeLorenzo, Matt Harris and Casey Sterk of CBRE’s Investment Properties represented the seller, while Chris Nelson of Matthews Real Estate and Brian Reyes of Tangram Commercial represented the buyer in the deal.

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AcquisitionsNew YorkNortheastRetail

Marcus & Millichap Brokers $4.6M Sale of Retail Building Leased to Walgreens in Amityville, New York

by Taylor Williams

AMITYVILLE, N.Y. — Marcus & Millichap has brokered the $4.6 million sale of a 15,120-square-foot retail building leased to Walgreens in the Long Island community of Amityville. The building was constructed on 2.6 acres in 2001, and Walgreens recently extended its lease through 2035. Derrick Dougherty and Nick Geaneotes of Marcus & Millichap represented the sellers in the transaction and procured the buyer. Both parties were locally based entities that requested anonymity. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.

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AcquisitionsOfficeRetailTexas

Interra Capital Acquires 600,000 SF Historic Esperson Complex in Downtown Houston

by Taylor Williams

HOUSTON — Locally based investment firm Interra Capital Group has acquired the 600,000-square-foot historic Esperson complex in downtown Houston. Comprising two structures that are known as the Niels and Mellie Esperson Buildings, the complex is home to a mix of commercial users. The buildings were originally constructed in 1927 and 1941 to pay homage to real estate and oil magnate Niels Esperson and reflect the importance of those industries in the growth of the local economy during that time. Cameron Management manages the property, which Interra acquired by foreclosure through a note purchased from MetLife Investment Management earlier this year. Details on Interra’s plan to revitalize the property were not disclosed.

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