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Acquisitions

AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Brokers $9.3M Sale of Shopping Center in Walterboro, South Carolina

by John Nelson

WALTERBORO, S.C. — Marcus & Millichap has brokered the $9.3 million sale of Shoppes at Walterboro, a 53,330-square-foot shopping center located approximately 48 miles west of Charleston. Originally built in 2007 on 7.4 acres, the center was renovated in 2024 with a new roof and awnings, as well as a resurfaced parking lot. Walmart shadow-anchors the property, which was 97 percent leased at the time of sale to tenants including Five Below, Dollar Tree, Cato Fashions, Shoe Show, It’s Fashion, AT&T and China Buffet. Al Taf of Marcus & Millichap represented the seller in the transaction. Benjamin Yelm was Marcus & Millichap’s broker of record in South Carolina.

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AcquisitionsIndustrialTexas

Apricus Acquires 9.2-Acre Industrial Outdoor Storage Facility in Channelview, Texas

by Taylor Williams

CHANNELVIEW, TEXAS — Apricus Realty Capital has acquired a 9.2-acre industrial outdoor storage (IOS) facility in Channelview, an eastern suburb of Houston. The facility at 403 W. Brentwood St. was fully leased at the time of sale to GFL Plant Services LP, which supports the petrochemicals industry. Apricus acquired the property in partnership with ABR Capital Partners. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Triten Real Estate Buys 140,181 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based development and investment firm Triten Real Estate Partners has purchased a 140,181-square-foot industrial property in northwest Houston. According to LoopNet Inc., the building at 1811 Brittmoore Road, which was fully leased at the time of sale, was built in 2008 within a larger, master-planned business park. Stephen Bailey and Dom Espinosa of Newmark represented the undisclosed seller in the transaction.

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AcquisitionsMultifamilyNortheastRhode Island

CBRE Negotiates Sale of 240-Unit Residences at Brentwood Apartments in North Providence

by Taylor Williams

NORTH PROVIDENCE, R.I. — CBRE has negotiated the sale of Residences at Brentwood, a 240-unit apartment complex in North Providence. Built in 1987, the property offers one- and two-bedroom units with an average size of 692 square feet. Amenities include an indoor and outdoor pool, fitness center and a clubhouse. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, Massachusetts-based Taymil Partners, in the transaction. The buyer was FPA Multifamily.

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AcquisitionsNew JerseyNortheastOffice

Cushman & Wakefield Brokers $5.7M Sale of Northern New Jersey Office Building

by Taylor Williams

MONTVALE, N.J. — Cushman & Wakefield has brokered the $5.7 million sale of a 29,898-square-foot office building in the Northern New Jersey community of Montvale. The single-tenant building at 20 Craig Road was fully leased at the time of sale to JURA Inc., a Swiss company that makes coffee machines. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, Mountain Development Corp., in the transaction. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged the acquisition financing on behalf of the buyer, Fortune Touch LLC.

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AcquisitionsColoradoIndustrialUtahWestern

Westcore Sells Two Industrial Facilities in Colorado, Utah

by Amy Works

WEST VALLEY CITY, UTAH AND ENGLEWOOD, COLO. — Westcore has completed the disposition of The Raceway Commerce Center in West Valley City and Potomac Park I & II in Englewood to a partnership between Hyde Development and Mortenson Properties for an undisclosed price. Jeff Chiate, Will Strong, Michael Matchett, Phillip Eilers and John Schreck of Cushman & Wakefield, along with Joe Cesta, Tyler Carner and Jeremy Ballenger of CBRE, represented the seller and procured the buyer in the transaction. The properties are part of the National Core Industrial Portfolio, a multi-state portfolio totaling 2.4 million square feet across eight assets in six states. Located at 6057 W. SR-201 Frontage Road and 2234 S. 5900 West in West Valley City, The Raceway Commerce Center offers 397,894 square feet of industrial space with a clear height of 32 feet, expansive truck courts and LED lighting. Located at 7955 and 7901 S. Potomac St. in Englewood, Potomac Park I & II offer 28-foot to 30-foot clear heights, dock-high and drive-in loading and ESFR fire sprinklers.

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AcquisitionsIllinoisMidwestRetail

Red Mountain Group Sells 548,000 SF Shopping Center in Algonquin, Illinois

by Kristin Harlow

ALGONQUIN, ILL. — Red Mountain Group Inc. has sold Algonquin Commons, a 548,000-square-foot retail power center in the Chicago suburb of Algonquin. Nuveen Real Estate was the buyer. Located along Randall Road, Algonquin Commons is home to tenants such as Trader Joe’s, The Fresh Market, Nordstrom Rack, Bob’s Furniture, Ulta Beauty, Old Navy, Dick’s Sporting Goods and Barnes & Noble. Red Mountain Group has focused on repositioning and restabilizing the center since its acquisition. Occupancy increased from 60 percent to more than 90 percent. Bill Bauman of Newmark represented Red Mountain Group in the sale.

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AcquisitionsIndianaMidwestRetail

Marcus & Millichap Brokers $4.8M Sale of Wawa-Occupied Retail Property in Noblesville, Indiana

by Kristin Harlow

NOBLESVILLE, IND. — Marcus & Millichap has brokered the $4.8 million sale of a newly built retail property occupied by Wawa in the Indianapolis suburb of Noblesville. Located at 2701 Westfield Road, the 5,915-square-foot asset features a new 20-year absolute NNN ground lease corporately guaranteed by Wawa Inc. The store, which opened in May, is positioned at the entrance to Midland Pointe, a $72 million development with luxury apartments and more than 40,000 square feet of retail space. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap represented the seller, a Florida-based developer, in association with Josh Caruana, the firm’s broker of record in Indiana. The buyer was undisclosed.

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AcquisitionsIllinoisIndustrialMidwest

Premier Commercial Realty Arranges $2M Sale of Industrial Portfolio in Crystal Lake, Illinois

by Kristin Harlow

CRYSTAL LAKE, ILL. — Premier Commercial Realty has arranged the $2 million sale of a six-building industrial portfolio in the Chicago suburb of Crystal Lake. Totaling nearly 40,000 square feet, the multi-tenant properties were built by John Yazel in the 1970s. Bruce Kaplan and Heather Schweitzer of Premier brokered the transaction. An Indiana-based investor purchased the portfolio with plans to make necessary improvements and lease up any vacant spaces.

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AcquisitionsIllinoisIndustrialMidwest

Alterra IOS Acquires 2.8-Acre Industrial Outdoor Storage Property in Metro Chicago

by Kristin Harlow

ELMHURST, ILL. — Alterra IOS has acquired a 2.8-acre industrial outdoor storage (IOS) property with more than 35,000 square feet of accompanying warehouse space in the Chicago suburb of Elmhurst. Located at 216 W. Diversey Ave., the asset includes designated office space and is fully leased to a heavy-duty truck company. Situated 10 miles southwest of the Chicago O’Hare International Airport, the property offers convenient access to Chicago and the greater Midwest with direct connectivity to I-290, I-294 and Route 20. Alessandra Bianchi of ONE Commercial Real Estate represented Alterra in the acquisition. As of third-quarter 2025, Alterra has acquired more than 390 properties in 37 states.

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