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Acquisitions

AcquisitionsIndustrialMidwestOhio

ICP Acquires 408,000 SF Former True Value Hardware Distribution Facility in Westlake, Ohio

by Kristin Harlow

WESTLAKE, OHIO — Industrial Commercial Properties (ICP) has acquired the former True Value Hardware distribution facility at 26025 1st St. in Westlake, about 12 miles west of downtown Cleveland. The 408,000-square-foot property features a clear height of 25 feet and sits on 21.6 acres. ICP will transform the facility with advanced building systems, improved dock and loading areas and a modernized look. The updated space, available in the second quarter of 2026, will offer flexible layouts for industrial, manufacturing and distribution businesses. Joe Messina, David Stecker and Joe Warren of JLL helped facilitate the transaction and will continue as the leasing team.

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AcquisitionsAffordable HousingMidwestMinnesotaMultifamily

JLL Arranges Sale of 50-Unit Affordable Townhome Community in Northfield, Minnesota

by Kristin Harlow

NORTHFIELD, MINN. — JLL Capital Markets has arranged the sale and financing for Jefferson Square, a 50-unit HAP townhome community in Northfield, about 45 miles south of Minneapolis. The property sits on 5.2 acres and includes nine residential buildings, three parking structures and one administrative building. Amenities include private garages, a community lounge, picnic space, tot lot and media space. Josh Talberg and Joseph Peris of JLL represented the seller, Dominium Management, and procured the buyer, an investment firm specializing in affordable and workforce housing. The buyer plans to invest capital to refresh the units and common areas in addition to extending the existing affordability restrictions. C.W. Early of JLL led the debt advisory team.

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AcquisitionsIllinoisMidwestMultifamily

Marcus & Millichap Brokers $4M Sale of Chicago Apartment Building

by Kristin Harlow

CHICAGO — Marcus & Millichap has brokered the $4 million sale of 3060 W. Armitage Ave., a 13-unit apartment building in Chicago’s Logan Square neighborhood. Built in 2012, the property features a mix of one- and two-bedroom floor plans and one retail unit across 11,700 rentable square feet. Steve Rachman of Marcus & Millichap procured the buyer, a private investor, who plans to create value through light renovations and addressing deferred maintenance.

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AcquisitionsMidwestOhioRetail

Cooper Group Negotiates $3.1M Sale of Retail Center in Toledo, Ohio

by Kristin Harlow

TOLEDO, OHIO — The Cooper Commercial Investment Group has negotiated the $3.1 million sale of Jesse James Plaza, a multi-tenant retail center in Toledo. Dan Cooper represented the seller, a Midwest-based investment group. The asset sold to an all-cash buyer. Jesse James Plaza totals roughly 35,800 square feet and sits on 3.1 acres. FirstCash and Safelite are anchor tenants.

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21021-Erwin-St-LA-CA
AcquisitionsCaliforniaMultifamilyUncategorizedWestern

Waterton Acquires 395-Unit Motif Multifamily Property in Los Angeles

by Amy Works

LOS ANGELES — Waterton has purchased Motif, an apartment community located at 21021 Erwin St. in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Situated within the Warner Center master-planned community, the property will be rebranded as Sorrel at Warner Center. Built in 2015, the asset features 395 one-, two- and three-bedroom apartments with new quartz countertops, lighting and plumbing fixtures. Community amenities include two pools, a spa, grilling stations, a bocce ball court, an indoor fitness space with free weights, yoga and spin rooms, an outdoor fitness center, a dog park and covered parking. The buyers plan to update and modernize the common areas with new exterior paint, improved landscaping and upgraded building systems.

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Thornton-Town-Center-Thornton-CO
AcquisitionsColoradoRetailWestern

CRC Purchases 266,008 SF Thornton Town Center Retail Property in Colorado for $25.5M

by Amy Works

THORNTON, COLO. — Continental Realty Corp. (CRC) has acquired Thornton Town Center, a neighborhood shopping center in Thornton, from Citivest Commercial Investments for $25.5 million. Brad Lyons of CBRE represented the seller in the transaction. Located at 9223-1001 and 1005 Grant St., the 266,008-square-foot retail center was 73 percent leased at the time of sale. Current tenants include Malibu Jack’s, The Picklr, Sky Zone Trampoline Park, GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty and Starbucks Coffee. CRC plans to implement a property improvement strategy for the asset, which was built in 1990 on 24 acres.

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Riverdale-Shopping-Center-Riverdale-UT
AcquisitionsRetailUtahWestern

ZRP Acquires Riverdale Shopping Center in Metro Salt Lake City for $20M

by Amy Works

RIVERDALE, UTAH — Ziff Real Estate Partners (ZRP) has acquired Riverdale Shopping Center, a 93,592-square-foot shopping center located in Riverdale, approximately 35 miles north of downtown Salt Lake City. T.J. Maxx and Ulta Beauty anchor the property, which was built in 2007, according to LoopNet Inc. JT Redd and Kip Paul of Cushman & Wakefield represented the seller. Christian Chamblee and Brooke Frey internally represented ZRP in the transaction.

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AcquisitionsMultifamilyOregonWestern

Brinkman Real Estate, Blue Field Capital Buy 60-Unit Townhome Community in Oregon City

by Amy Works

OREGON CITY, ORE. — Brinkman Real Estate and Blue Field Capital have acquired Holmes Park Townhomes, a townhome community in Oregon City, approximately 30 minutes south of downtown Portland. Terms of the acquisition were not released. Completed in 2024, Holmes Park features 60 three-level, three-bedroom/three-bath residences with modern finishes and direct-access garages.

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AcquisitionsOfficeTexas

Newmark Negotiates Sale of 230,691 SF Office Complex in North Dallas

by Taylor Williams

DALLAS — Newmark has negotiated the sale of The Offices at Park Lane, a 230,691-square-foot office complex in North Dallas. Completed in the mid-1970s, the two-building complex is located within The Shops at Park Lane, a 33-acre mixed-use development, and was 66 percent leased to 16 tenants at the time of sale. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller, Northwood Investors, in the transaction. The buyer was DFW LAND Real Estate.

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Doral-Square
AcquisitionsFloridaRetailSoutheast

Terra Arranges $74M Sale of Doral Square Lifestyle Shopping Center in South Florida

by Abby Cox

DORAL, FLA. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle shopping center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million acquisition loan to the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco. 

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