Acquisitions

SunCap Property, Diamond Realty Investments Sell 730,771 SF SunPoint West Industrial Park in North Las Vegas

by Amy Works October 31, 2022

NORTH LAS VEGAS — SunCap Property Group and Diamond Realty Investments have completed the sale of SunPoint West, a newly constructed industrial park in North Las Vegas. Terms of the transaction were not released. Situated on 39.2 acres, the six-building asset features 730,711 square feet of Industrial space. At time of sale, the park was 100 percent leased to six tenants. SunPoint West is located at 2025, 2125, 2205, 2225, 2255 and 2305 West Cheyenne Ave. Michael Kendall, Gian Bruno, Kenny Patricia, Dan Doherty, Paul Sweetland, Chris Lane and Jerry Doty of Colliers marketed the property for sale.

October 31, 2022

Acquisitions California Industrial Western

CBRE Brokers $61M Sale of 8.4-Acre Industrial Complex in Fullerton, California

by Amy Works October 31, 2022

FULLERTON, CALIF. — CBRE has arranged the sale of an 8.4-acre industrial complex, including three industrial buildings totaling 155,000 square feet, in Fullerton. B&K Investment Co. sold the assets to Ares Management for $61 million. The corner land parcel includes three industrial buildings: an 83,170-square-foot facility at 801 S. Acacia Ave., a 56,000-square-foot asset at 811 S. Acacia Ave. and a 15,830-square-foot property at 1580 Kimberly Ave. The existing tenants have leased the properties back and will continue to occupy the assets. Ben Seybold, Sean Ward and Keith Greer of CBRE represented the seller in the transaction.

October 31, 2022

Acquisitions Industrial Washington Western

BKM Capital Acquires Pacific Industrial Park in Marysville, Washington for $20.3M

by Amy Works October 31, 2022

MARYSVILLE, WASH. — BKM Capital Partners has expanded its Puget Sound portfolio with the purchase of Pacific Industrial Park in Marysville. Pacific Industrial Park LP I sold the asset for $20.3 million. Constructed between 1998 and 2000, the 122,000-square-foot light industrial park features four Class A buildings, which are currently 100 percent leased across 11 units that range in size from 5,060 square feet to 28,206 square feet. Tenants include Snohomish County Sheriff, Greenpointe Technologies and Dish Networks. The assets are located at 14800-15100 40th Ave. NE. BKM’s in-house property and construction teams will execute an improvement program at the property to create a standardized tenant experience. Upgrades and improvements will address parking lots, ESG projects, interior buildouts, roofs, drought-tolerant landscaping, HVAC, lighting, signage and a wrought iron security fence surrounding the sheriff’s office space. Matthew Hagen and Matthew Henn of Kidder Mathews represented the seller, while Fletcher Farrar of Neil Walter Co. represented the buyer in the deal.

October 31, 2022

Acquisitions Industrial Texas

Manulife Acquires 788,160 SF Warehouse, Distribution Center in Fort Worth

by Taylor Williams October 31, 2022

FORT WORTH, TEXAS — Manulife Investment Management has acquired Alliance Gateway 11, a 788,160-square-foot warehouse and distribution center in Fort Worth. The facility sits on a 38.2-acre site near Alliance Airport on the city’s north side. According to commercialcafé.com, the single-tenant facility was built in 2007 and features 930 car parking spaces. The property was fully leased to an undisclosed e-commerce user at the time of sale.

October 31, 2022

Acquisitions Industrial Oklahoma Texas

Partners Negotiates Sale of 40,000 SF Industrial Building in Marlow, Oklahoma

by Taylor Williams October 31, 2022

MARLOW, OKLA. — Partners, the Houston-based firm formerly known as NAI Partners, has negotiated the sale of a 40,000-square-foot industrial building in Marlow, about 70 miles south of Oklahoma City. The sale included 8.6 acres of undeveloped land. Jon Silberman and Pierce Beyer of Partners represented the seller, Cimarron Energy, in the transaction. Steve Fithian and Trent Herrera of SVN Trinity Advisors represented the undisclosed buyer.

October 31, 2022

Acquisitions Retail Texas

Weitzman Arranges Sale of 13,562 SF Retail Strip Center in Denton, Texas

by Taylor Williams October 31, 2022

DENTON, TEXAS — Weitzman has arranged the sale of a 13,562-square-foot retail strip center in the North Texas city of Denton. The centers sits on 1.1 acres at 111 E. University Drive. Tenants include The UPS Store, Taqueria Monterrey and Sangam Indian Restaurant. A local investor sold the property to a California-based limited liability company for an undisclosed price, with both parties requesting anonymity. David Zoller of Weitzman brokered the deal.

October 31, 2022

Acquisitions Healthcare Massachusetts Northeast

Anchor Health Properties Acquires Metro Boston Medical Office Building for $15.1M

by Taylor Williams October 31, 2022

BRAINTREE, MASS. — Virginia-based investment firm Anchor Health Properties has acquired a 47,530-square-foot medical office building in the southern Boston suburb of Braintree for $15.1 million. Robert Griffin, Frank Nelson, Michael Greeley and Blake McLaughlin of Newmark represented the seller, Foxfield LLC, in the transaction and procured Anchor Health as the buyer. The building was 94 percent leased to 16 tenants at the time of sale.

October 31, 2022

Acquisitions New Jersey Northeast Office

Colliers Arranges $13.2M Sale of Northern New Jersey Office Campus

by Taylor Williams October 31, 2022

FLORHAM PARK, N.J. — Colliers has arranged the $13.2 million sale of Westminster Corporate Center, a 158,583-square-foot office campus in the Northern New Jersey community of Florham Park. The campus, which was 57 percent leased at the time of sale, comprises two three-story buildings on a 15.3-acre site. Jacklene Chesler, Patrick Norris and Joe Lane of Colliers brokered the deal. The buyer, Pentaurus, plans to implement a value-add program that will upgrade the lobby and existing fitness facilities, as well as add pickleball and basketball courts.

October 31, 2022

Acquisitions Northeast Pennsylvania Retail

Northmarq Brokers $7.1M Sale of Downtown Pittsburgh Restaurant Building

by Taylor Williams October 31, 2022

PITTSBURGH — Northmarq has brokered the $7.1 million sale of a 13,575-square-foot restaurant building in downtown Pittsburgh. The freestanding building is located within the Southside Works development and is leased to The Cheesecake Factory, which has occupied the property since its original construction in 2004. Asher Wenig of Northmarq represented the buyer and seller, both of which were New York-based firms that requested anonymity, in the transaction.

October 31, 2022

Acquisitions Illinois Midwest Office

Colliers Brokers $13M Sale of Rosemont Corporate Center in Suburban Chicago

by Kristin Harlow October 31, 2022

ROSEMONT, ILL. — Colliers has brokered the $13 million sale of Rosemont Corporate Center in the Chicago suburb of Rosemont. Jon Connor and Francis Prock of Colliers represented the seller, KORE Investments. The Village of Rosemont purchased the 121,000-square-foot office building with plans to renovate it before moving municipal employees to the property in 2023. KORE acquired the building in 2021 from the original developer, Ryan Cos., for $6.5 million. Mark Offit of Braden Real Estate represented the Village of Rosemont.

October 31, 2022

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