Acquisitions

15020-N-Hayden-Rd-Scottsdale-AZ

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the sale of Scottsdale Airpark Corporate Center, a two-building flex office and industrial property in Scottsdale. CEJ Scottsdale Airpark Corporate Center LLC sold the asset to SACC LLC for $13 million. Located at 15020 and 15030 N. Hayden Road, Scottsdale Airpark Corporate Center features 58,438 square feet of space that is occupied by Pillar Church, Copycats Printing and Vogel Prep. The property was built in 1985. Michael Kitlica, Tracy Cartledge and Robert Buckley of Cushman & Wakefield brokered the sale.

FacebookTwitterLinkedinEmail

NOBLESVILLE, IND. — Marcus & Millichap has brokered the sale of Deer Chase Apartments in the Indianapolis suburb of Noblesville. Built in 2004, the 288-unit multifamily property features a mix of two-, three- and four-bedroom floor plans. Amenities include a fitness center, pool, sports courts, a playground and picnic area. The asset is located near the shopping destination Hamilton Town Center. Tony Rogers, Aaron Kuroiwa, Austin Meeker and Teddy Kenny of Marcus & Millichap represented the seller, the property’s original developer, and procured the buyer, a locally owned and operated company.

FacebookTwitterLinkedinEmail

MINNETONKA, MINN. — Syndicated Equities has acquired the headquarters building of Legrand AV in the Minneapolis suburb of Minnetonka. The property integrates all core functions for Legrand AV, including engineering, R&D, production, executive offices and national training facilities. Originally constructed in 1982, the property underwent a comprehensive renovation in 1997 and is currently undergoing a more than $4 million renovation for Legrand AV. Syndicated structured the acquisition as a Delaware Statutory Trust to accommodate both cash and 1031 exchange investors.

FacebookTwitterLinkedinEmail

TINLEY PARK, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has purchased a 34,180-square-foot industrial freezer/cooler facility at 18501 Northstar Court in the Chicago suburb of Tinley Park. The property was vacant at the time of acquisition. Constructed in 2009, the precast building features a clear height of 29 feet, eight exterior docks, one drive-in door and parking for 18 trailers. The facility features 22,341 square feet of freezer area with glycol floors, 5,121 square feet of dry area and 2,694 square feet of cold docks. John Suerth, Jason Lev and Jimmy Kowalczyk of CBRE represented the seller and have been retained to market the property for lease. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

FacebookTwitterLinkedinEmail
Aligned-DFW-03-Mansfield

DALLAS — A consortium led by BlackRock’s Global Infrastructure Partners, Abu Dhabi’s MGX and the Artificial Intelligence Infrastructure Partnership has entered into an agreement to acquire Dallas-based Aligned Data Centers for approximately $40 billion. The sellers are Macquarie Asset Management and its co-investment partners. Subject to regulatory approvals, the transaction is expected to close in the first half of 2026. This deal marks Macquarie Asset Management’s second major data center transaction in the last year, following the 2024 sale of AirTrunk to a consortium of investors that valued the company at $16 billion. Aligned Data Centers has rapidly scaled across North and South America, serving hyperscale, AI and enterprise customers. In recent years, Aligned has expanded its footprint from two operational facilities in Dallas and Phoenix to more than 50 campuses across the United States, Mexico, Brazil, Chile and Colombia, representing over 5 gigawatts (GW) of operational and planned capacity, including assets under development.   Aligned also obtained the first-ever green data center securitization, and first-ever sustainability-linked financing for a data center platform, according to company representatives. “This transaction underscores Macquarie Asset Management’s ability to consistently identify key thematics early and find opportunities that create value for our clients and partners,” says Ben …

FacebookTwitterLinkedinEmail
CITYCENTRE-Houston

HOUSTON — MetroNational has acquired the 309,144-square-foot retail component of CITYCENTRE, a 47-acre mixed-use development in West Houston. The retail portion frames a central green space at the property and is home to roughly 24 food-and-beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. MetroNational has partnered with Radom Capital to renovate the retail portion of CITYCENTRE. JLL represented the seller, Dallas-based TriGate Capital, in the transaction. MetroNational represented itself.

FacebookTwitterLinkedinEmail

WACO, TEXAS — JLL has arranged the sale of a 181,708-square-foot retail property in Waco that is leased to tenants including Sprouts Farmers Market, Best Buy, Office Depot and Burlington. The property is part of Central Texas Marketplace, a 526,000-square-foot power shopping center that was built between 2005 and 2015. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL represented the seller, Ball Ventures, in the transaction. The buyer was G3C Operating LLC, an entity controlled by Dallas-based investor James “Corky” Nix.

FacebookTwitterLinkedinEmail

NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has entered into an agreement to purchase Park Avenue Tower, a 36-story, 621,826-square-foot office building located at 65 E. 55th St. in Midtown Manhattan. According to The Wall Street Journal, the seller, Blackstone, bought the building in 2014 for $750 million. Park Avenue Tower was originally constructed in 1986 and recently underwent capital improvements that enhanced office suites, the lobby, amenity spaces and the outdoor plaza. Gary Phillips and Will Silverman of Eastdil Secured represented the seller in the transaction. The deal is expected to close in the first quarter of 2026.

FacebookTwitterLinkedinEmail
Commonwealth-Fusion-Systems-Devens-Massachusetts

DEVENS, MASS. — A partnership between Pivotal Manufacturing Partners and Declaration Partners has purchased a 165,335-square-foot manufacturing facility in Devens, located northwest of Boston, for $74 million. The facility, which was built in 2022, serves as the global headquarters and magnet production hub of Commonwealth Fusion Systems. Building features include a clear height of 32 feet, three tailboard dock doors, one drive-in door and 283 parking spaces. John Alascio, Alan Blank, Alex Lapidus, Rob Borden and Heather Brown of Cushman & Wakefield arranged $52.8 million in acquisition financing for the deal through Goldman Sachs.

FacebookTwitterLinkedinEmail
The-Arbors-at-Brighton-Park-Bloomfield

BLOOMFIELD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Arbors at Brighton Park, a 132-unit apartment complex in Bloomfield, located northwest of Hartford. Built in 2017, the property offers one-, two- and three-bedroom units with washers and dryers, walk-in closets and private balconies/patios. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller, Paredim Communities, in the deal and procured the buyer, Beachwold Residential.

FacebookTwitterLinkedinEmail