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Acquisitions

AcquisitionsIllinoisIndustrialMidwest

NAI Hiffman Negotiates $2.6M Sale of Industrial Building in Wood Dale, Illinois

by Kristin Harlow

WOOD DALE, ILL. — NAI Hiffman has negotiated the $2.6 million sale of a 20,541-square-foot industrial building at 344 Beinoris Drive in the Chicago suburb of Wood Dale. Joe Bronson and Paddy Dwyer of NAI Hiffman represented the buyer, a metal manufacturing company that bails, stores and distributes scrap metals nationwide. The buyer will nearly triple its previous footprint of about 7,000 square feet, also in Wood Dale. With heavy power infrastructure and outdoor storage capacity, the facility enables the manufacturer to expand processing and storage while maintaining its presence in the O’Hare submarket.

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AcquisitionsIndustrialTexas

Versal Arranges Sale of 85-Unit RV, Boat Storage Facility in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Self-storage brokerage firm Versal has arranged the sale of the 85-unit McQueeney Boat & RV Storage facility in New Braunfels, located northeast of San Antonio. The facility spans 35,800 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer in the transaction. Both parties were Texas-based entities.

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AcquisitionsIndustrialOklahomaTexas

TruCore Industrial Sells 70,000 SF Warehouse in Pryor, Oklahoma

by Taylor Williams

PRYOR, OKLA. — TruCore Industrial, an Oklahoma-based investment firm founded by executives of net-lease brokerage group Stan Johnson Co., has sold a 70,000-square-foot warehouse in Pryor, located northeast of Tulsa. The building is situated on a 9.9-acre site within Mid-America Industrial Park and was fully leased at the time of sale to pipe and conduit manufacturer Endot Industries. The buyer and sales price were not disclosed.

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San-Juan-Del-Centro-Boulder-CO
AcquisitionsAffordable HousingColoradoMultifamilyWestern

Jonathan Rose Cos. Buys Colorado Affordable Housing Community for $56M, Extends Rent Restrictions

by Amy Works

BOULDER, COLO. — New York City-based investment firm Jonathan Rose Cos. has acquired San Juan del Centro Apartments in Boulder from Related Cos. for $56 million. Jeff Irish and Jordan Skyles of Berkadia arranged the sale of the Section 8 and LIHTC property. Berkadia also provided an acquisition loan. Additionally, the capital stack included equity from the $660 million Rose Affordable Housing Preservation Fund VI. San Juan del Centro’s 150 units are reserved for families earning at or below 60 percent of the area median income. Jonathan Rose Cos. assumed the existing Section 8 Housing Assistance Payment contract, which was set to expire in 2026, and will extend the property’s affordability for an additional 20 years. The asset was originally built in 1971 and was most recently renovated in 2007. The unit mix consists of one- through four-bedroom floor plans. The new owner plans to complete additional renovations at the property, including upgrades to building systems and unit interiors, improvements to the community center and energy-efficiency enhancements aimed at achieving Enterprise Green Communities (EGC) certification. In addition to physical improvements, the firm will also be adding two full-time resident services coordinators. Winn Residential has taken over as property manager.

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Holmby-Hall-Los-Angeles-CA
AcquisitionsCaliforniaRetailWestern

Kidder Mathews Negotiates $32.7M Sale of Holmby Hall Retail Building in Los Angeles

by Amy Works

LOS ANGELES — Kidder Mathews has arranged the $32.7 million sale of Holmby Hall, a landmark retail property in Los Angeles’ Westwood Village submarket. Tanel Harunzade and Darrell Levonian of Kidder Mathews, along with former Kidder Mathews agent David Saghian, handled the transaction. Details of the transaction were not released. Located at 921 Westwood Blvd., Holmby Hall offers 50,790 square feet of retail space. Built in 1929 in Spanish Colonial Revival style, the property features a 110-foot clock tower designed by Gordon Kaufmann and John Parkinson. The building is a designated Historic-Cultural Monument.

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AcquisitionsArizonaIndustrialWestern

FD Stonewater Acquires 326,474 SF Industrial Facility in Yuma, Arizona

by Amy Works

YUMA, ARIZ. — FD Stonewater’s STAR Evergreen Fund has purchased Alside Manufacturing and Distribution Center in Yuma for an undisclosed price. The asset was acquired through the STAR Fund’s UPREIT structure, providing original investors the opportunity to receive OP Units allowing for a tax-deferred transaction. Associated Materials fully occupies the 326,474-square-foot property, which was purpose-built for the tenant in 2005.

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145-N-Pacific-St-San-Marcos-CA
AcquisitionsCaliforniaIndustrialWestern

Stos Partners Sells 10,000 SF Industrial Property in San Marcos, California

by Amy Works

SAN MARCOS, CALIF. — Stos Partners has completed the disposition of 145 N. Pacific Street in San Marcos to a private buyer, finalizing the disposition of its Benchmark Portfolio. The two-property portfolio sold for a combined $10.9 million. The Benchmark Portfolio comprised two freestanding industrial warehouses totaling 28,000 square feet in the submarkets of San Marcos and Poway, Calif. Both properties feature low site coverage and excess land. Stos Partners acquired the portfolio in 2020 in a joint venture with RanchHarbor for $6.1 million through an off-market transaction from an owner-user, which completed a five-year sale-leaseback at closing. Stos Partners implemented targeted capital improvements, repositioning the assets. The company sold the 18,000-square-foot property at 12575 Stowe Drive in Poway in July 2025 for $6.5 million. Tim Clepper of San Diego Commercial represented Stos Partners in the Poway deal. Matt Pourcho, Anthony DeLorenzo and Nick Williams of CBRE represented Stos Partners, while Josh West of Voit Real Estate Services represented the buyer in the San Marcos transaction.

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AcquisitionsIndianaIndustrialLoansMidwest

CBRE Arranges $107.3M Sale of Indianapolis Industrial Portfolio

by Kristin Harlow

INDIANAPOLIS — CBRE has arranged the sale of a 1.3 million-square-foot, seven-property industrial portfolio in Indianapolis for $107.3 million. Judd Welliver, Zach Graham, Ryan Bain, Bentley Smith, Michael Caprile and Joe Horrigan of CBRE represented the seller, Arcapita. Billy Mork, Mike Vannelli and Joel Torborg of CBRE arranged $64.4 million in acquisition financing on behalf of the buyer, Capital Partners. The fixed-rate loan features interest-only payments for the full term. CBRE’s JD Graves and Chris Black will handle marketing and leasing for the portfolio.

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Red Bird Center
AcquisitionsFloridaRetailSoutheast

JLL Arranges $62.1M Sale of Red Bird Shopping Center in Miami

by Abby Cox

MIAMI — JLL Capital Markets has arranged the $62.1 million sale of Red Bird Center, a 92,089-square-foot retail center located at the intersection of Bird and Red roads in Miami. Milam’s Markets, a regional grocer based in South Florida, anchors the property, which was fully occupied at the time of sale. Additional tenants at the center include Walgreens, Orion Fuels and Ace Hardware. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment Sales and Advisory team represented the seller, Red Bird Associates, in the transaction. The buyer was Charlotte-based Asana Partners.

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AcquisitionsIllinoisMidwest

Nicholas Family of Cos. Buys Joseph Nicholas Construction Corp., Expands Auto Dealership Building Services

by Kristin Harlow

MOUNT PROSPECT, ILL. — The Nicholas Family of Cos. has acquired Schaumburg, Ill.-based Joseph Nicholas Construction Corp. (JNC), a construction firm specializing in auto dealerships. JNC will become a dedicated automotive facility construction studio within The Nicholas Family of Cos., which is based in Mount Prospect. JNC joins Nicholas & Associates, the Nicholas Family’s diversified construction arm, and will relocate its headquarters to Mount Prospect. Joey Mariconda, director of construction for JNC, will join Nicholas & Associates as director of its automotive construction studio. Both companies are second-generation, family-run operations.

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