Saturday, August 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsIndustrialUtahWestern

Westcore Acquires Raceway Commerce Center in West Valley City, Utah for $52.2M

by Jeff Shaw

WEST VALLEY CITY, UTAH — Westcore has purchased Raceway Commerce Center in West Valley City for $52.2 million. The two-building, 397,894-square-foot industrial property is located at 6075 W SR-201 Frontage Road and 2234 South 5900 West.  The brand-new, tilt-up construction center is 33 percent pre-leased to three tenants. Westcore plans to build out improvements for the tenants, and potentially build out two more spec office suites, one per building.  Westcore represented itself in the transaction. Phillip Eilers and Jon Schreck of Cushman & Wakefield represented the seller, Brennan Investment Group.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaIndustrialWestern

ViaWest Group Sells Chandler Crossroads Industrial Campus in Arizona for $40.1M

by Jeff Shaw

CHANDLER, ARIZ. — ViaWest Group and its institutional joint venture partners have sold Chandler Crossroads I & II, a Class A industrial project totaling 216,322 square feet in Chandler.  Developed in 2016 and 2022, respectively, the Southeast Valley portfolio consists of two buildings located at 2800 and 2900 S. Gilbert Road. The project was 78 percent leased at the time of escrow, but was fully leased to seven tenants by the time the deal closed.  An undisclosed investor acquired the asset for $40.1 million. Will Strong, Phil Haenel, Micki Strain, Kirk Kuller, Molly Hunt and Callahan Conway of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West team represented ViaWest in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaHospitalityWestern

Highgate, Flynn Properties Purchase the Huntington Hotel in San Francisco

by Jeff Shaw

SAN FRANCISCO — Highgate and Flynn Properties have acquired the Huntington Hotel in San Francisco’s Nob Hill neighborhood. The hotel was originally built in 1924. It was the first steel and brick high rise west of the Mississippi. The partners intend to renovate the hotel’s public areas, guest rooms, Big 4 Restaurant and spa. The hotel is scheduled to reopen in 2025.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

GREA Arranges Sale of 168-Unit Sierra Hermosa Apartments in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Global Real Estate Advisors (GREA) has arranged the sale of Sierra Hermosa, a 168-unit apartment complex located in Fort Worth’s Western Hills neighborhood. According to Apartments.com, the property was built in 1970 and offers one- and two-bedroom units, as well as a clubhouse and onsite laundry facilities. Mark Allen of GREA brokered the deal. The buyer and seller were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNortheastPennsylvania

Newmark Brokers $13.1M Sale of Philadelphia Industrial Portfolio

by Taylor Williams

PHILADELPHIA — Newmark has brokered the $13.1 million sale of a portfolio of two industrial buildings totaling 32,435 square feet in Philadelphia. At the time of sale, the portfolio, which spans 6.7 acres, was fully leased to logistics company GSR Global. Ryan Guittare of Newmark represented the seller, New York City-based investment firm IG Logistics, and procured the undisclosed buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialKansasMidwest

MAG Capital Partners Acquires 325,295 SF Kansas Industrial Portfolio Via Sale-Leaseback

by Kristin Harlow

RUSH CENTER, LA CROSSE AND LIBERAL, KAN. — In a sale-leaseback transaction, MAG Capital Partners LLC has acquired a 325,295-square-foot industrial portfolio in Kansas for an undisclosed price. KBK Industries, a manufacturer of standard and customized fiberglass tanks and steel products, was the seller and will continue to occupy the facilities. The three-property portfolio includes 2537 E. Highway 96 in Rush Center, 1914 Highway 183 in La Crosse and 2201 N. Country Estates Road in Liberal. Jeff Jackson and Reed Hudson of CBRE represented KBK, which is headquartered in Rush Center. Led by Dax Mitchell and Andrew Gi, MAG Capital Partners is a Dallas-based investment firm.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaHealthcareWestern

Montecito Buys Banner Health Center in Peoria, Arizona for $29M

by Jeff Shaw

PEORIA, ARIZ. — Montecito Medical Real Estate has acquired Banner Health Center Peoria, a fully leased, 68,000-square-foot medical building in Peoria, for $29 million.  The three-story medical office building features a multi-specialty ambulatory surgery center with three operating rooms, advanced imaging, and primary and specialty care. It is leased on a single-tenant basis to Banner Health.  The center is a key outpatient location for Banner Health, serving its patients in the northwest Phoenix metro area.  It is less than two miles from the 410-bed Banner Boswell Medical Center.  JLL represented the seller, Banner Health, in this transaction. The JLL Healthcare Capital Markets Advisory team consisted of Mindy Berman, Matt Dicesare and John Chun, along with Phoenix market leader Pat Williams.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaIndustrialWestern

CapRock Partners Purchases 130,800 SF Industrial Warehouse in Phoenix

by Jeff Shaw

PHOENIX — CapRock Partners has purchased a 130,800-square-foot, Class A industrial building in Phoenix for an undisclosed sum. The industrial warehouse facility is located at 5810 W. Buckeye Road in the Loop 202 corridor in the southwest portion of the city.  The space is pre-leased to Metrie, North America’s largest manufacturer and supplier of solid wood and composite moulding. Construction on the new industrial building was completed in the first quarter of this year, with Metrie set to take occupancy in the second quarter. Don and Payson MacWilliam of Colliers International is assisting CapRock Partners with the marketing of 5810 W. Buckeye Road. Mark Seale of Avison Young represented Metrie Inc.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaRetailWestern

Hanley Brokers $2.3M Sale of Single-Tenant Retail Property in Fontana, California

by Jeff Shaw

FONTANA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the $2.3 million sale of a single-tenant retail property in Fontana. Dutch Bros Coffee occupies the newly constructed, 871-square-foot property, which is situated within Highland Village Shopping Center, on a triple-net-lease basis. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, Adler Realty Investments, in the transaction. Jeremy McChesney of Hanley represented the buyer, a private investor.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaRetailSoutheast

Richmar Properties Sells Covington Square Shopping Center in Metro Atlanta for $13.4M

by John Nelson

LITHONIA, GA. — Michigan-based Richmar Properties has sold Covington Square, a 144,585-square-foot shopping center in the east Atlanta suburb of Lithonia. Malls-Etc. purchased the property for $13.4 million. Craig Taylor of CBRE represented the seller in the transaction. Built in 1989 at 6152 Covington Highway, Covington Square was renovated in 2021 and was 85 percent leased at the time of sale to tenants such as Planet Fitness, Rainbow Shops, City Gear, Beauty and More, Las Colinas Restaurant and 3D Church.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts