Acquisitions

NAPERVILLE, ILL. — MCB Science + Health has acquired a more than 72,000-square-foot medical office building in the Chicago suburb of Naperville for $28 million. Located at 1331 W. 75th St. and known as iMed Naperville Medical Office, the four-story asset was 96 percent leased at the time of sale and anchored by Endeavor Health, formerly known as Edward-Elmhurst Health. Additional tenants include ABC Pediatrics, Basko Dermatology, DuPage Children’s ENT & Allergy and Naper Grove Vision Care. The property was completed in 2015. MCB Science + Health, a division of Baltimore-based MCB Real Estate, acquires and develops projects serving the life sciences, medical office and seniors housing sectors. Jason St. John of Greenstone Partners represented the seller, DynaCom Management Inc.

FacebookTwitterLinkedinEmail
1925-1936-E-Vernon-Ave-Vernon-CA

VERNON, CALIF. — CBRE has arranged the sale of a 7-acre industrial redevelopment site located at 1925 and 1936 E. Vernon Ave. in Vernon. A confidential buyer acquired the asset from The Alavern Co. for $61.5 million. The property currently houses a five-story, 368,500-square-foot building. Barbara Perrier, Eric Cox, Jeff Stephens, Jack Mergenthaler and John Hillman of CBRE represented the seller, while Jack Cline, Evan Jurgensen and Andy Gage of Lee & Associates represented the buyer in transaction.

FacebookTwitterLinkedinEmail

EAGAN, MINN. — In a sale-leaseback transaction, MAG Capital Partners has acquired a 44,298-square-foot headquarters building in the Minneapolis suburb of Eagan. The property at 1300 Corporate Center Curve serves as the corporate headquarters of Asset Marketing Services, a direct-to-consumer retailer of collective coins. The building was constructed in 1999 and renovated in 2016. Daniel Macks and Phil DiGennaro of STREAM Capital Partners advised the seller. Led by principals Dax Mitchell and Andrew Gi, Dallas-based MAG Capital Partners invests in industrial real estate and operating companies.

FacebookTwitterLinkedinEmail
10025-W-Dartmouth-Ave-Lakewood-CO

SOUTH LAKEWOOD, COLO. — S2 Capital has purchased Dartmouth Woods, a garden-style apartment property in South Lakewood, a suburb of Denver, for an undisclosed price. Located at 10025 W. Dartmouth Ave., Dartmouth Woods offers 201 apartments in two- and three-story buildings. The buyer will implement interior renovations, including stainless steel appliances, modern lighting, new flooring and updated cabinets, along with extensive renovations to the exterior and amenities space. Dartmouth Woods was built in 1990.

FacebookTwitterLinkedinEmail
Strongbox-Lamb-Industrial-Center-North-Las-Vegas-NV

NORTH LAS VEGAS, NEV. — NAI Excel has directed the sale of Strongbox Lamb Industrial Center in North Las Vegas. Strongbox Development sold the asset to a national cabinetry manufacturer for $16.5 million. The undisclosed buyer plans to occupy the 89,284-square-foot, Class A warehouse as its primary manufacturing and distribution hub on the West Coast. Situated on 4.5 acres, the property was completed in August 2024. Bryan Houser of NAI Excel represented the seller, while Sean Zaher of CBRE represented the buyer in the transaction.

FacebookTwitterLinkedinEmail
20-S-69th-Ave-Phoenix-AZ

PHOENIX — Denver-based Rectangle Investment Management, the investment management affiliate of Comunal Properties, has acquired an industrial building located at 20 S. 69th Ave. in Phoenix. Terms of the transaction were not released. Action Gypsum Supply, a key regional supplier of building materials, fully occupies the 39,588-square-foot property. The building features 28-foot clear heights, a secure truck court, dock-high and drive-in loading doors and a 1.29/1,000 parking ratio. Phil Haenel, Foster Bundy and Katie Repine of Cushman & Wakefield represented the undisclosed seller in the deal.

FacebookTwitterLinkedinEmail

NEW YORK CITY — Marcus & Millichap has brokered the $6 million sale of a 48-unit apartment building in Brooklyn’s Bensonhurst neighborhood. The six-story building at 7920 19th Ave., which according to LoopNet Inc. was originally constructed in 1931, houses one- and two-bedroom units. John Brennan and Bryan Ellis of Marcus & Millichap represented the seller and procured the buyer, both of which were local limited liability companies that requested anonymity, in the transaction.

FacebookTwitterLinkedinEmail

SAYREVILLE, N.J. — CBRE has negotiated the sale of an 8,000-square-foot industrial outdoor storage facility in Sayreville, about 35 miles south of Manhattan. The site spans 1.3 acres and sold for $4 million. Mark Silverman, Elli Klapper, Liam McGregor and Jeremy Wernick of CBRE represented the buyer, Dallas-based Dalfen Industrial, in the off-market transaction. The seller was Florida-based Highpoint Enterprises.

FacebookTwitterLinkedinEmail

BROOKHAVEN, GA. — JLL has brokered the sale of Brookhaven Station, a 44,966-square-foot retail center located in the Atlanta suburb of Brookhaven. SITE Centers acquired the property from Hendon Properties for an undisclosed price. Originally built in 1985, Brookhaven Station was renovated between 2022 and 2023. Tenants at the property include Chick-fil-A, Fox Bros. Bar-B-Q, Chop’t and Mellow Mushroom. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller in the transaction.

FacebookTwitterLinkedinEmail

VIRGINIA BEACH, VA. — Cushman & Wakefield | Thalhimer has arranged the $12 million sale of Cypress Point Shopping Center, a 118,200-square-foot retail center located at the intersection of Wesleyan Drive and Diamond Springs Road in Virginia Beach. An entity doing business as BH Cypress Point MF Development acquired the property, with plans to redevelop the center. Catherine Spangler of Cushman & Wakefield | Thalhimer represented the undisclosed seller in the transaction. Dean Martin and Clay Willis of Thalhimer managed leasing at the property on behalf of the previous ownership.

FacebookTwitterLinkedinEmail