Wednesday, May 20, 2026
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Acquisitions

AcquisitionsIndustrialNorth CarolinaSoutheast

CBRE Arranges $11M Sale of Office/Industrial Flex Building in Southwest Charlotte

by John Nelson

CHARLOTTE, N.C. — CBRE has arranged the $11 million sale of Scarlet Oak, an office/industrial flex building located at 8700-8702 Red Oak Blvd. in southwest Charlotte. A joint venture between Somerset Properties and ABR Capital Partners acquired the property. Built in 1981 and renovated in 2022, the property comprises 81,118 square feet and was 84 percent leased at the time of sale. Part of Griffin Partners’ The Oaks, a four-building industrial portfolio, the building features 245 parking spaces and 17 dock-high, drive-in doors. Recent upgrades to the property include a new outdoor amenity space, exterior improvements, new paint, a new backflow preventer and a newly resealed and restriped parking lot. Patrick Gildea, Robert Hardaway and Matt Smith of CBRE represented the seller in the transaction. Prior to the sale, Alek Salfia, Joe Franco and Kris Westmoreland of CBRE managed leasing at the property on behalf of the seller.

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AcquisitionsMultifamilyNew YorkNortheast

CBRE Brokers Sale of 501-Unit Apartment Community in White Plains, New York

by Taylor Williams

WHITE PLAINS, N.Y. — CBRE has brokered the sale of 15 Bank Apartments, a 501-unit multifamily community located north of New York City in White Plains. Built in 2003, the transit-oriented community consists of two interconnected high-rise towers that house one- and two-bedroom units. Amenities include a fitness center, resident lounge, indoor pool, outdoor courtyards and a children’s playroom. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Daniel Blumenkrantz of CBRE brokered the deal. The buyer and seller were not disclosed.

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AcquisitionsHealthcareNew JerseyNortheast

Lee & Associates Negotiates $10.5M Sale of Medical Office Building in Bridgewater, New Jersey

by Taylor Williams

BRIDGEWATER, N.J. — Lee & Associates has negotiated the $10.5 million sale of a 24,200-square-foot medical office building in the Northern New Jersey community of Bridgewater. The building sits on 2.5 acres and houses a physical therapy practice and two surgery centers, as well as parking for 135 cars. Erica Davidson and Gary Sopko of Lee & Associates represented the undisclosed, private seller in the transaction. The duo also procured the buyer, which similarly requested anonymity.

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AcquisitionsCaliforniaMultifamilySeniors HousingWestern

Avison Young Brokers $23.5M Sale of Seniors Housing Facility in Los Angeles

by Amy Works

LOS ANGELES — Avison Young has arranged the $23.5 million sale of a seniors housing facility located at 6700 Sepulveda Blvd. in the Van Nuys neighborhood of Los Angeles. Boca Raton, Fla.-based Pinnacle Holdings of Florida sold the asset to an entity of California Healthcare & Rehabilitation Center, which currently operates the property. Situated on two acres, the 49,818-square-foot facility features 201 beds for seniors. Peter Sherman and Keith O’Donnell of Avison Young represented the seller in the off-market deal.

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Lido-Marina-Village-Newport-Beach-CA
AcquisitionsCaliforniaMixed-UseOfficeRetailWestern

Redwood West Joins Owners of Lido Marina Village Shopping Center in Newport Beach, California

by Amy Works

NEWPORT BEACH, CALIF. — JLL Capital Markets has arranged the recapitalization of Lido Marina Village, a 3.1-acre mixed-use shopping center in Newport Beach. The firm represented the existing ownership, DJM Capital and Arc Capital Partners through a partnership with Belay Investment Group, in the transaction that added Redwood West to the partnership. Built in 1971 and renovated in 2016 and 2022, Lido Marina Village features 77,922 square feet of retail space, 28,694 square feet of office space and a 47-slip marina. Current tenants include Nobu, Zinque, Malibu Farm, Circle Hook Fish Co., Aesop, Warby Parker, Elyse Walker, Faherty, Curl Fitness, Eberjay and LoveShackFancy. The property is currently 100 percent occupied. As part of the transaction, Arc Capital Partners and Belay Investment Group exited the original partnership. JLL also secured an undisclosed amount of financing through a life insurance company for the transaction. Bryan Ley, Geoff Tranchina, Gleb Lvovich, Tim Kuruzar and Daniel Tyner led the JLL Capital Markets investment sales advisory team. Jeff Sause, John Marshall and Alex Olson led the JLL Capital Markets debt advisory team.

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Mesa-South-Center-Mesa-AZ
AcquisitionsArizonaLoansRetailWestern

Mesa South Center Receives $8M Acquisition Financing for Retail Property in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Mesa South Center LP has received $8 million in financing for the acquisition for Mesa South Shopping Center at 1230 S. Gilbert Road in Mesa. The borrower purchased the asset from an undisclosed seller for $15 million. Mesa South Shopping Center features 133,663 square feet of retail space that was 85.3 percent occupied at the time of sale. Current tenants include Big 5 Sporting Goods, Harbor Freight Tools and Dollar Tree. The property was originally built in the 1980s but has undergone renovation, including recent capital investments to the parking lot. Shaun Moothart, Bruce Francis, Bob Ybarra, Doug Birrell, Nick Santangelo and Jim Korinek of CBRE Capital Markets Debt and Structured Finance secured the 10-year loan through a correspondent life insurance company. Michael Hackett and Ryan Schubert of Cushman & Wakefield represented the seller in the sale transaction, while Maha Odeh-Arnold of Regal Properties represented Mesa South Center LP.

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AcquisitionsMidwestMinnesotaMultifamily

CBRE Negotiates Sale of 168-Unit Multifamily Property in Eagan, Minnesota

by Kristin Harlow

EAGAN, MINN. — CBRE has negotiated the sale of Lexington Hills, a 168-unit multifamily property in the Minneapolis suburb of Eagan. The sales price was undisclosed. Built in 1988, the community is located at 4116 Lexington Ave. South and comprises seven buildings. Floor plans average 723 square feet. Amenities include a fitness center, clubhouse, grilling area, playground, pool and laundry facilities. Ted Abramson, Keith Collins and Abe Appert of CBRE represented the seller, Monument Frozen Tundra LLC. Reacor Ltd. was the buyer.

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AcquisitionsIllinoisIndustrialMidwest

Seefried Properties Sells 144,414 SF Industrial Building in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Seefried Properties has sold a 144,414-square-foot industrial building in Elgin for an undisclosed price. Jason West and Doug Pilcher of Cushman & Wakefield represented Seefried in the sale. Noel Liston of Core Industrial Realty represented the buyer, a custom plastic molded parts manufacturer. Located at 1705 Madeline Lane, the property features a clear height of 32 feet, 19 dock doors, two drive-in doors and 205 car parking stalls. The facility is part of a two-building campus totaling 465,360 square feet. The second building is under construction, and Seefried is actively seeking users to lease or purchase the property.

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AcquisitionsIndustrialMichiganMidwest

Coldwell Banker Commercial Arranges $6.1M Sale of Manufacturing Facility in Jenison, Michigan

by Kristin Harlow

JENISON, MICH. — Coldwell Banker Commercial has arranged the $6.1 million sale of a 64,035-square-foot manufacturing facility in Jenison near Grand Rapids. The property is located at 2206 Pine Ridge Drive within Georgetown Industrial Center. The building features a clear height of 25 feet, cranes, four docks and four overhead doors. Jim Edewaard of Coldwell Banker Commercial Woodland-Schmidt represented the seller, Altron Automation. The company manufactures automated tooling and equipment and continues to operate two facilities in Hudsonville, Mich. Pleotint, a glass fabrication company, was the buyer.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers $3.2M Sale of Apartment Building in Chicago’s Buena Park

by Kristin Harlow

CHICAGO — Interra Realty has brokered the $3.2 million sale of a 12-unit apartment building in Chicago’s Buena Park neighborhood. Located on North Kenmore Avenue, the property was originally built in 1896 and last renovated in 2014. Situated three blocks from Wrigley Field, the asset was fully occupied at the time of sale. Joe Smazal, Patrick Kennelly and Paul Waterloo of Interra represented the buyer, Drexel Properties, and the seller, a private investor.

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