Sunday, August 17, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsMidwest

Marcus & Millichap Brokers $17.4M Sale of Industrial Building in Wheeling, Illinois

by Kristin Harlow

WHEELING, ILL. — Marcus & Millichap has brokered the $17.4 million sale of a 96,712-square-foot industrial building in the Chicago suburb of Wheeling. The property is situated on 9.5 acres at 199 Shepard Ave. Anchor tenants include JV Global Services, Ready Set Gourmet, GFS Transport and Aargus Plastics. The asset features cold storage, industrial outdoor storage, rail access and proximity to I-294 and the Chicago O’Hare International Airport. The sale includes a partial leaseback with JV Global Services and a pending 14,796-square-foot, build-to-suit cold storage facility for Ready Set Gourmet. Zach Orzel, Adam Abushgur and Tyler Sharp of Marcus & Millichap represented the seller, JV Global Services LLC. Sharp, Abushagur and Clayton Isacson procured the buyer, Prairie Hill Holdings. Frank Montalto and Ethan Splan of IPA Capital Markets, a division of Marcus & Millichap, arranged $11.4 million in financing. The five-year loan features a 65 percent loan-to-value ratio and 12 months of interest-only payments at 6.4 percent followed by a 25-year amortization period.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLoansMidwestMissouriMultifamily

Gantry Arranges $11.5M Acquisition Loan for Kansas City Multifamily Property

by Kristin Harlow

KANSAS CITY, MO. — Gantry has arranged an $11.5 million loan for the acquisition of The Life at Highland Village multifamily property in Kansas City’s Lewis Heights neighborhood. The 200-unit garden-style community includes 11 buildings with a mix of one- and two-bedroom floor plans. Most units feature recent appliance upgrades and new finishes. Amenities include a grass-covered open space, pool, playground and dog park. Mark Reichter and Alex Frook of Gantry arranged the financing on behalf of the borrower, a private real estate investor. An insurance company lender provided the three-year, fixed-rate loan, which features an upfront interest-only period followed by a 30-year amortization.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Moody Rambin, Exline Acquire 293,743 SF Industrial Park in Northwest Houston

by Taylor Williams

HOUSTON — A partnership between locally based development firm Moody Rambin and Fort Worth-based investment firm Exline Capital has acquired Central Park Northwest, a 293,743-square-foot industrial park in northwest Houston. The property consists of eight buildings that include office space. The seller and sales price were not disclosed, and no third-party brokers were named as being involved in negotiating the transaction. Moody Rambin’s in-house team will lease the property.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailTexas

Disney Investment Group Arranges Sale of 79,885 SF Shopping Center in Dallas

by Taylor Williams

DALLAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the sale of Mockingbird Central Plaza, a 79,885-square-foot shopping center located in the Highland Park area of Dallas. The center was 98 percent leased at the time of sale to 22 tenants, including Whole Earth Provision, Jason’s Deli and Mattress Firm. David Disney and Adam Crockett of DIG represented the seller, Dallas-based Corsair Property Co., in the transaction and procured the buyer, shopping center REIT Curbline Properties.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Westmount Realty Capital Buys 24.4 Acres in West Dallas for Cold Storage Project

by Taylor Williams

DALLAS — Locally based investment and development firm Westmount Realty Capital has purchased 24.4 acres in West Dallas with plans to construct a cold storage facility. The site is located at 951 W. Walton Walker Blvd. at the southwest corner of Loop 12 and I-30. Details on project specifics were not disclosed. The deal traded off-market, and no third-party brokers were involved in negotiating the sale.

Continue Reading
FacebookTwitterLinkedinEmail
One-Bowdoin-Square-Boston
AcquisitionsMassachusettsNortheast

Newmark Brokers $28M Sale of Downtown Boston Office Building

by Taylor Williams

BOSTON — Newmark has brokered the $28 million sale of One Bowdoin Square, a 141,831-square-foot office building in downtown Boston. The 11-story building is home to a mix of medical and government tenants, including affiliates of Mass General Brigham and the Commonwealth of Massachusetts. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the undisclosed seller in the transaction. The team also procured the buyer, a partnership between Live Oak Real Estate Investments and Tritower Financial Group. David Douvadjian Sr., Timothy O’Donnell, David Douvadjian Jr., Bobby Alvarado and Conor Reenstierna, also with Newmark, arranged acquisition financing for the deal through Bank of New England.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingMultifamilyNew JerseyNortheast

PRC Acquires 150-Unit Affordable Housing Complex in Paulsboro, New Jersey, Plans Renovation

by Taylor Williams

PAULSBORO, N.J. — New York-based investment firm PRC has acquired Paulsboro Gardens Apartments, a 150-unit affordable housing complex located outside of Philadelphia in Southern New Jersey. The property comprises 21 low-rise buildings. PRC plans to undertake accessibility upgrades, interior unit renovations and exterior improvements, as well as improve mechanical and utility systems, to extend the property’s affordability status. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMassachusettsNortheast

Logistics Property Co. Buys 35,000 SF Industrial Building in Mansfield, Massachusetts

by Taylor Williams

MANSFIELD, MASS. — Chicago-based investment firm Logistics Property Co. has purchased an industrial building located at 572 West St. in Mansfield, a southern suburb of Boston, that according to LoopNet Inc. totals 35,000 square feet. The building, which was built in 2004, per LoopNet, is located within Cabot Business Park and was fully leased at the time of sale. Tony Coskren of Newmark brokered the deal. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
The-Commodore-National-City-CA
AcquisitionsCaliforniaMultifamilyWalker & DunlopWestern

Gelt Venture Partners Buys 92-Unit Multifamily Community in National City, California

by Amy Works

NATIONAL CITY, CALIF. — Gelt Venture Partners has acquired The Commodore, an apartment property located at 200-250 E. 31st St. in National City, for $40 million. Built in 2024, The Commodore comprises six three-story buildings offering a total of 92 studio, one- and two-bedroom floor plans with select units featuring two-story and loft-style layouts. At the time of sale, the property was 96 percent occupied. Units feature in-unit washers/dryers, quartz countertops, designer tile backsplashes, wood-style plank flooring, European-style cabinetry, stainless steel appliances and private balconies. Community amenities include a resort-style pool and spa, clubhouse, an outdoor lounge with fire pit, barbecue areas, electric vehicle charging stations, detached garages and an onsite leasing office. Hunter Combs of Walker & Dunlop represented the buyer and undisclosed seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaRetailWestern

Cohen & Steers, Sterling Organization Acquire 159,000 SF Shopping Center in Metro Phoenix 

by Amy Works

DEER VALLEY, ARIZ. — A joint venture between Cohen & Steers Income Opportunities REIT (CNSREIT) and Sterling Organization has acquired Deer Valley Towne Center, a 159,000-square-foot, open-air shopping center located in the Deer Valley neighborhood of Phoenix. Target shadow anchors the center, which is situated across from Phoenix General Hospital and PetSmart’s corporate headquarters. The property is more than 94 percent leased to tenants including Five Below, Ross Dress For Less, Dollar Tree, PetSmart, Michaels, Jersey Mike’s Subs, Panda Express, Chipotle, Sola Salon Studios, GNC and Bath & Body Works. This transaction marks CNSREIT’s fourth acquisition with Sterling Organization and the sixth open-air shopping center in its portfolio.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts