BAYONNE, N.J. — CBRE has brokered the $3.6 million sale of a 20-unit apartment building located in the Northern New Jersey community of Bayonne. The four-story building at 38-40 Kelly Parkway is located in the Constable Hook neighborhood and was originally constructed in 1920, according to LoopNet Inc. Fahri Ozturk, Richard Gatto, Tracy Trank and Zach McHale of CBRE represented the seller in the transaction. CBRE also procured the buyer. Both parties requested anonymity.
THOUSAND OAKS, CALIF. — Newmark Pacific has negotiated the $45.5 million sale of Conejo Valley Plaza, a 127,032-square-foot shopping center located in Thousand Oaks, approximately 38 miles west of Los Angeles. A Ralphs grocery store and Bank of America anchor the center, which was 68 percent leased at the time of sale. Additional tenants include Marshalls, HomeGoods and CVS Pharmacy. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark Pacific represented the sellers, two entities doing business as Conejo Valley Plaza 1 LLC and Conejo Valley Plaza 2 LLC, in the transaction.
MURIETTA, CALIF. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Renaissance Village Murietta, an assisted living and memory care community located in Murietta. Built in 2016 and 2018, the property totals 142 units. Renaissance Village Murietta was the only seniors housing asset owned by the undisclosed seller, which is exiting the sector. A REIT was the buyer. Brad Goodsell, Jason Punzel and Vince Viverito of SLIB brokered the transaction.
ROCK HILL, S.C. — Crescent Communities has completed the sale of AXIAL Southgate 77, a 220,281-square-foot industrial property situated within Antrim Business Park in Rock Hill, roughly 15 miles south of Charlotte. The buyer was Washington, D.C.-based Penzance. Nolan Aston, Tommy Whitmore, Rob Speir and Pheobe Dinga of Colliers represented the Charlotte-based seller in the transaction. The sales price was not disclosed. Developed in 2024 on 30 acres, AXIAL Southgate 77 features two buildings spanning 50,276 square feet and 220,281 square feet. The property, which was fully leased to three tenants at the time of sale, includes 32-foot clear heights, rear-load capacity, concrete tilt-wall construction and ample parking. Capital partners for AXIAL Southgate 77 include Atlantic Union Bank and Faison. Additionally, the design-build team included Choate Construction (general contractor), JTM Capital and The Tuttle Co. (development) and Progressive Cos. (architect and civil engineering).
BIRMINGHAM, ALA. — Marcus & Millichap has brokered the $11 million sale of Spark by Hilton Birmingham Colonnade, a 122-room hotel located at 4300 Colonnade Parkway in Birmingham. The hotel’s amenities include a bagel bar, lounge, indoor swimming pool, onsite market, 24-hour fitness center, pet-friendly rooms and complimentary breakfast. Originally opened in first-quarter 2025, the four-story hotel sits on roughly 2.3 acres. Jack Davis, Joce Messinger, Joseph Simpson and Eric Webster of Marcus & Millichap represented the seller in the transaction. Eddie Greenhalgh was Marcus & Millichap’s broker of record in Alabama. The buyer and seller requested anonymity.
HILLSIDE, ILL. — Edgemark has acquired Hillside Town Center, a 160,330-square-foot shopping center in the Chicago suburb of Hillside. Built in 2009, the property is located at the intersection of I-290 and Mannheim Road and was 99 percent occupied at the time of sale. Some of the tenants include HomeGoods, Ross Dress for Less and Petco. Michael Nieder and Brian Page of JLL represented the seller, Hutensky Capital Partners.
MISSION, TEXAS — California-based brokerage firm Faris Lee Investments has negotiated the $16.6 million sale of Mission Gateway, a retail property located in the Rio Grande Valley. Tenants at the property include Burlington and Murdoch’s. A Texas-based developer sold Mission Gateway to a REIT, with both parties requesting anonymity. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee brokered the all-cash deal.
HOUSTON — Colliers has brokered the sale of a 182,506-square-foot office building located at 11200 Westheimer Road in the Westchase area of West Houston. According to LoopNet Inc., the 10-story building was originally constructed in 1982. James Kadlick, Chris Hutcheson and Harrison Kane of Colliers represented the buyer, an entity doing business as Texas Jewelry District LP, in the transaction. The seller and sales price were not disclosed.
FRAMINGHAM, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $32.6 million sale of a retail building located in the western Boston suburb of Framingham. The building sits on a 9.5-acre site and is ground-leased to Lowe’s Home Improvement. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
GEORGETOWN, MASS. — JLL has negotiated the sale-leaseback of a 59,480-square-foot industrial property in Georgetown, located north of Boston. Built in 2004 on an 8.6-acre site, the warehouse and manufacturing building features a clear height of 21 feet and 71 parking spaces. Michael Restivo, David Coffman and Tommy Hovey of JLL brokered the deal. The seller/occupant was not disclosed. Anthony Cutone and Ryan Parker, also with JLL, arranged fixed-rate acquisition financing on behalf of the buyer, Equity Industrial Partners.