NEW LENOX, ILL. — Greenstone Partners has arranged the $2.6 million sale of The Sherwin-Williams Center, a two-tenant retail property on Lincoln Highway in New Lenox, a southwest suburb of Chicago. The asset is home to Sherwin-Williams and Don Jose’s, a local Mexican restaurant. Jason St. John of Greenstone represented the seller, a Chicago-based developer, and procured the buyer, a Georgia-based investment group.
DALLAS — A partnership between multifamily owner-operator Ashcroft Capital and two Chicago-based investment firms, Temerity Strategic Partners and Pearlmark, has acquired the Birchstone Cedar Ridge, a 360-unit apartment community in South Dallas. Built in 2024, Birchstone Cedar Ridge features one-, two- and three-bedroom units that range in size from 660 to 1,541 square feet. Amenities include a pool with cabanas, outdoor kitchen and grilling areas, a dog park, fitness center, business center and a community clubhouse. The seller and sales price were not disclosed.
CEDAR PARK, TEXAS — Local investment firm Klepper Industrial has purchased a 30,000-square-foot building in Cedar Park, a northern suburb of Austin. The structure is known as 1615 Scottsdale Building Two and is currently vacant. Stan Nowak of Partners Real Estate represented the buyer in the transaction. Witt Westbrook of JLL represented the seller, a partnership between BCA Industrial Partners and Growth Capital Partners.
OLD LYME, CONN. — A partnership between Zelco Properties & Development, Grossman Development Group and The McDevitt Co. has acquired a 102,500-square-foot shopping center in Old Lyme, located in southern coastal Connecticut. Anchored by Big Y World Class Market, Old Lyme Marketplace is also home to tenants such as Walgreens, Grand Wine & Spirits and The Bowerbird Gift Shop. The seller and sales price were not disclosed.
NORTH CHARLESTON, S.C. — JLL has brokered the sale of Link Apartments Mixson, a 358-unit property located at 4501 Mixson Ave. in North Charleston’s Park Circle submarket. Comunidad Realty Partners purchased the apartment community from Grubb Properties for an undisclosed price. John Gavigan, John Mikels, Ben Bury and Chase Monroe of JLL represented the seller in the transaction. Additionally, Robert Wooten and Jackson Finch originated a Freddie Mac loan for the acquisition. Link Apartments Mixson was developed in phases in 2014 and 2019. The community features a mix of one- and two-bedroom apartments, as well as a saltwater pool, 24/7 fitness center, coworking spaces, dog park and a community clubhouse with a coffee bar.
BALTIMORE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Highlandtown Village, a 57,524-square-foot shopping center located at 3800 E. Lombard St. in Baltimore. Built in 1987, the retail center was fully leased at the time of sale to tenants including Hazlo International Foods, Dollar Tree, Baltimore Bark House, Fishtail Wine and Song’s Beauty Supplies. The average tenant occupancy at Highlandtown Village exceeds 14 years, according to IPA. David Crotts and Dean Zang of IPA represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
SAN MATEO, CALIF. — Berkadia has brokered the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community located in San Mateo on the western shores of San Francisco Bay. A partnership between Shelter Real Estate Investment Properties and Calson Management acquired the property for an undisclosed price. The community will be rebranded as Harbor at Hillsdale. Mike Garbers, Cody Tremper, Dave Fasano and Ross Sanders of Berkadia arranged the transaction on behalf of the undisclosed seller.
THE DALLES, ORE. — Norris & Stevens has brokered the sale of retail property located at 3560 W. 6th St. in The Dalles. Robert N. Magid sold the property to Northstar Market LLC for $2.3 million. Constructed in 2007, the 11,335-square-foot freestanding retail building features showroom space, restrooms, break rooms, a security room, an overhead grade door and 19 parking spaces. The property was formerly occupied by Aaron’s. Doug Carter of Portland, Ore.-based Norris & Stevens represented the seller, while Jessica Kaur of Knipe Realty EA Powered represented the buyer in the deal.
COLUMBUS, OHIO — Hunter Advisors has negotiated the sale of the Renaissance Columbus Downtown Hotel, a 408-room property in downtown Columbus. JW Marriott Family Enterprises sold the hotel to Whitestone Cos. Robert Taylor and Sophia Pittaluga of Hunter brokered the sale. Situated at 50 N. Third St., the asset rises 22 stories and features 23,810 square feet of flexible meeting and event space across 18 meeting rooms, along with Latitude 41, Bar 41, an outdoor pool, fitness center and business center. The acquisition marks Whitestone’s third investment in Columbus over the last 10 months.
CHICAGO AND MILWAUKEE — Brennan Investment Group has acquired an 801,728-square-foot industrial portfolio located across the Chicagoland and Milwaukee markets. The portfolio is comprised of 13 shallow-bay industrial buildings with a diverse tenant mix and a weighted average lease term of more than four years. The Chicago submarkets include I-55, Lake County, Northern DuPage and Central Kane/I-88, while the Milwaukee properties are located within the Airport and Northwest submarkets. Brennan’s Midwest portfolio totals 28 million square feet.
