Friday, January 16, 2026
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Acquisitions

AcquisitionsIllinoisMidwestRetail

Pegasus Arranges $3.2M Sale of Chatham Plaza Retail Property in Chicago

by Kristin Harlow

CHICAGO — Pegasus, in cooperation with ParaSell Inc., has arranged the $3.2 million sale of Chatham Plaza, a fully occupied, four-tenant retail strip center positioned within Chatham Market in Chicago. Tenants include Athletico, H&R Block and UPS. The property totals 9,610 square feet, and the weighted average lease term is six years. Katherine Weaver of Pegasus represented the seller, a private fund based in Chicago. The buyer was a Texas-based private fund. The sales price represented a cap rate of 8.5 percent.

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AcquisitionsCivicDevelopmentTexas

Elmore Investments Buys Land in Aledo, Texas for New Sports Facility

by Taylor Williams

ALEDO, TEXAS — Elmore Investments has purchased land in Aledo, located west of Fort Worth, with plans to open a new sports facility. The 5.4-acre site at 400 Bailey Ranch Road is adjacent to Aledo High School, and the new facility will feature pickleball courts, tennis and padel courts, softball and baseball training facilities, a pro shop and a restaurant. Kristen Fegley and Ben Gehrke of LanCarte Commercial Real Estate represented the seller, an entity doing business as The Groves of Aledo, in the transaction. A construction timeline was not disclosed.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 43,736 SF Shopping Center in Wichita Falls, Texas

by Taylor Williams

WICHITA FALLS, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Call Field Crossing, a 43,736-square-foot shopping center in Wichita Falls, located about 115 miles northwest of Fort Worth. The center was 88 percent leased at the time of sale to tenants such as Jersey Mike’s Subs and Crab Kingdom. Will Schubert and Jennifer Pierson of STRIVE represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

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AcquisitionsMixed-UseNew JerseyNortheast

JLL Negotiates $53.2M Sale of Mixed-Use Property in Edgewater, New Jersey

by Taylor Williams

EDGEWATER, N.J. — JLL has negotiated the $53.2 million sale of Edgewater Towne Center, a mixed-use property located about 10 miles outside of New York City. Built on 14 acres in 2000, Edgewater Towne Center comprises 76,525 square feet of retail space and 64 market-rate apartments. Anchored by Whole Foods Market, the retail portion was 98 percent leased at the time of sale to tenants such as Club Pilates, Amazon One Medical, Bond Vet and Pure Barre. The residential component of the building was 94 percent occupied at closing. Jose Cruz, Kevin O’Hearn and J.B. Bruno of JLL represented the seller, Site Centers Corp., in the transaction and procured the local private buyer.

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AcquisitionsAffordable HousingConnecticutMultifamilyNortheastSeniors Housing

CBRE Brokers $39.7M Sale of Connecticut Affordable Seniors Housing Portfolio

by Taylor Williams

DANBURY AND NORWALK, CONN. — CBRE has brokered the $39.7 million sale of a portfolio of two affordable seniors housing properties totaling 169 units in Connecticut. Residences at both the 116-unit Kimberly Place in Danbury and the 53-unit One Leonard in Norwalk are reserved for renters age 62 and above. Simon Butler, Biria St. John, Jeff Dunne, Eric Apfel, Tim Flint and Taylor Froland of CBRE represented the seller, an affiliate of First Atlantic LLC, in the transaction and procured the buyer, an affiliate of Heritage Housing Inc.

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North Port Village
AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers $10.8M Sale of North Port Village Retail Center in Florida

by Abby Cox

NORTH PORT, FLA. — Marcus & Millichap has brokered the $10.8 million sale of North Port Village, a 66,083-square-foot neighborhood retail center located at 14255 S. Tamiami Trail in North Port, roughly 35 miles south of Sarasota, Fla. Planet Fitness anchors the property, which was fully leased at the time of sale. Additional tenants include Humana, NAPA Auto Parts and Do The Beach adventure park. North Port Village was originally built in 1989 on nearly 11 acres. Clayton Brown, Luke Holsinger and Ruthanne Loar of Marcus & Millichap’s Seattle office procured the buyer, a Seattle-based private investor, in the transaction. Drew Kristol and Kirk Olson, also with Marcus & Millichap, represented the seller, a South Florida-based real estate investment firm.

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916 Commerce Circle
AcquisitionsIndustrialSouth CarolinaSoutheast

Port Commercial, Cedar Square Acquire 80,000 SF Industrial Property in Hanahan, South Carolina

by Abby Cox

HANAHAN, S.C. — Charlotte-based real estate investment firms Port Commercial and Cedar Square have acquired 916 Commerce Circle, an 80,000-square-foot industrial facility in Hanahan, approximately eight miles outside North Charleston. Lee Allen, Kevin Coats and Tyler Smith of JLL will lead leasing efforts on behalf of the new ownership. The seller and sales price were not disclosed. The rail-served property spans 4.1 acres and features a fully air-conditioned industrial building with 1,600 square feet of office space, eight dock positions with levelers, three 14-foot drive-in doors, epoxy flooring, LED lighting and outdoor storage capabilities. 916 Commerce Circle also provides access to the Wando Welch, Hugh K. Leatherman and North Charleston port terminals in greater Charleston. Port Commercial and Cedar Square plan to launch a capital improvement program for the property that includes refreshed office interiors, new exterior painting, dock upgrades and parking lot resealing.

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Falls-at-Arden-Sacramento-C
AcquisitionsCaliforniaMultifamilyWestern

Demmon Partners Sells 272-Unit Multifamily Community in Sacramento for $54.6M

by Amy Works

SACRAMENTO — Demmon Partners has completed the sale of The Falls at Arden, an apartment property located at 2345 Northrop Ave. in Sacramento. Jackson Square Properties, a locally based multifamily real estate investment company, acquired the asset for $54.6 million. Built in 1986, The Falls at Arden features 272 studio, one- and two-bedroom floor plans averaging 679 square feet. Ninety percent of the units have been renovated with luxury vinyl plank flooring, quartz countertops, stainless steel appliances and new cabinets. Community amenities include a pool with deck and spa, fitness center and a fully renovated clubhouse with a demonstration kitchen, game room and movie theater. Demmon Partners also added an outdoor fireplace, parcel locker room, secure indoor mail room, a pet spa and a bike storage room to the community amenities. At the time of sale, the property was 97 percent leased. Marc Ross, Joe McNamara and Claire Holt of CBRE represented the seller in the deal. Ryan Greer and Trevor Breaux of CBRE arranged acquisition financing on behalf of the buyer.

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Barkley-Apts-Bellingham-WA
AcquisitionsMultifamilyWashingtonWestern

HB Management Buys Barkley Apartment Homes in Bellingham, Washington for $47.9M

by Amy Works

BELLINGHAM, WASH. — HB Management has acquired Barkley Apartment Homes, a multifamily community in the Barkley neighborhood of Bellingham, from CEP Multifamily for $47.9 million, or $237,129 per unit. Ryan Harmon, Giovanni Napoli, Philip Assouad, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured the local buyer in the transaction. Built between 2001 and 2003, the 202-unit property features 17 residential buildings, a central leasing office, clubhouse, fitness center and a seasonal outdoor pool and spa. The one-, two- and three-bedroom floor plans offer washers/dryers, private decks or patios and storage space.

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38491-Fremont-Blvd-Fremont-CA
AcquisitionsCaliforniaIndustrialSelf-StorageWestern

Levin Johnston Brokers Sale of 568-Unit Extra Space Storage Facility in Fremont, California

by Amy Works

FREMONT, CALIF. — The Levin Johnston team of Marcus & Millichap has arranged the sale of an Extra Space Storage property totaling 49,922 square feet in Fremont. A private real estate investor sold the self-storage facility to an institutional self-storage developer, operator and manager for $18.8 million. Located at 38491 Fremont Blvd., Extra Space Storage offers 568 units, most with drive-up access, controlled access gated entry and 24-hour closed circuit surveillance. The Levin Johnston team represented the seller and procured the buyer in the deal.

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