Acquisitions

Premier Property Management Sells 5,800 SF Industrial Property in Oceanside, California

by Amy Works March 24, 2025

OCEANSIDE, CALIF. — Premier Property Management LLC has sold 634 Crouch Street, an industrial property in Oceanside, to Legacy West Partners LLC for $1.5 million. Ben Tashakorian and Brad Peters of Marcus & Millichap represented the seller and procured the buyer in the transaction. The property offers 5,800 square feet of industrial space spread across six buildings. The asset includes 0.4 acres of land on two parcels, with two entrances and a separate bay for multi-tenant use. Additionally, one unit has a residential unit attached. At the time of sale, the property was fully leased.

March 24, 2025

Acquisitions Industrial Texas

Binswanger Arranges Sale of 852,987 SF Vacant Industrial Facility in Midlothian, Texas

by Taylor Williams March 24, 2025

MIDLOTHIAN, TEXAS — Brokerage and advisory firm Binswanger has arranged the sale of an 852,987-square-foot vacant industrial facility in the southern Dallas suburb of Midlothian. The rail-served facility sits on a roughly 94-acre site at 3800 Railport Parkway and features 50-foot clear heights throughout and ample trailer parking space. The site can also support future expansion. MPI Group LLC sold the property to CAPSTAR Real Estate Advisors for an undisclosed price. Holmes Davis of Binswanger brokered the deal. The new ownership plans to market the property to manufacturing and distribution users.

March 24, 2025

Acquisitions Georgia Retail Southeast

Cushman & Wakefield Arranges Sale of 146,544 SF Shopping Center in Cornelia, Georgia

by John Nelson March 24, 2025

CORNELIA, GA. — Cushman & Wakefield has arranged the sale of Habersham Village, a 146,544-square-foot shopping center located in Cornelia, about 25 miles northeast of Gainesville, Ga. Morrison Group acquired the property for an undisclosed price. Habersham Village was recently redeveloped to accommodate four anchor tenants, including T.J. Maxx, Michaels, Planet Fitness and Bealls. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the seller, an affiliate of Atlanta-based Vanguard Associates, Inc., in the transaction.

March 24, 2025

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 451-Unit Self-Storage Facility in Huffman, Texas

by Taylor Williams March 24, 2025

HUFFMAN, TEXAS — Marcus & Millichap has brokered the sale of Huffman 2100 Storage, a 451-unit self-storage facility located northeast of Houston. Built in 2018 and expanded in 2023, the six-building facility totals 48,550 net rentable square feet of space across 264 climate-controlled units, 172 non-climate-controlled units and 15 outdoor parking spaces. Dave Knobler, Charles LeClaire, Mixson Staffel and Adam Schlosser of Marcus & Millichap represented the seller, a local limited liability company, in the transaction and procured the buyer, an Arizona-based REIT. Both parties requested anonymity.

March 24, 2025

Acquisitions Illinois Industrial Midwest

Venture One Acquires 218,617 SF Industrial Building in Waukegan, Illinois

by Kristin Harlow March 24, 2025

WAUKEGAN, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 218,617-square-foot industrial building located at 2431 Delaney Road in the Chicago suburb of Waukegan. Venture One inked a long-term lease with a tenant for 158,743 square feet prior to closing on the property. Constructed in 2014, the facility features a clear height of 30 feet, 28 exterior docks, four drive-in doors, parking for 250 cars and an ESFR sprinkler system. Eric Fischer, Brett Kroner, Keith Puritz and Marc Samuels of Cushman & Wakefield represented the seller, while White Heitman and Jack Fitzpatrick of CBRE represented Venture One and the tenant. Heitman and Fitzpatrick have been retained to market the remaining 60,034 square feet of vacant space. VK Industrial VII is co-sponsored by Venture One Real Estate and Kovitz Investment Group.

March 24, 2025

Acquisitions Healthcare Michigan Midwest

Marcus & Millichap Brokers Sale-Leaseback of 9,231 SF Medical Office Building in Metro Detroit

by Kristin Harlow March 24, 2025

ROCHESTER HILLS, MICH. — Marcus & Millichap has brokered the sale-leaseback of a 9,231-square-foot medical office building in Rochester Hills, a northern suburb of Detroit. Located at 2940 Crooks Road and built in 2005, the asset is leased to Stonebrooke Family Physicians. Seth Haron, Darin Gross and Ashish Vakhariya of Marcus & Millichap represented the seller and procured the buyer. The building features 7,431 square feet of clinical space on the first floor and 1,800 square feet of administrative space on the lower level. Stonebrooke Family Physicians provides care for all age groups, with eight providers currently at the facility.

March 24, 2025

Acquisitions Multifamily New Jersey Northeast

Kislak Negotiates $12M Sale of Northern New Jersey Multifamily Portfolio

by Taylor Williams March 24, 2025

UNION AND ROSELLE PARK, N.J. — Local brokerage firm The Kislak Co. Inc. has negotiated the $12 million sale of a portfolio of two multifamily properties totaling 75 units in Northern New Jersey. Townley Garden Apartments is a 48-unit complex in Union that was built in 1943, and Knights Manor is a 27-unit building in Roselle Park that was completed in 1950. Jeff Squires of Kislak represented the buyer and seller in the transaction. Jared Sobel of Walker & Dunlop originated an undisclosed amount of Freddie Mac acquisition financing for the deal.

March 24, 2025

Acquisitions Multifamily Texas

RangeWater, CenterSquare Buy 352-Unit Apartment Community in Frisco

by Taylor Williams March 21, 2025

FRISCO, TEXAS — A partnership between Atlanta-based RangeWater Real Estate and metro Philadelphia-based CenterSquare Investment Management has purchased Sorrel Phillips Creek Ranch, a 352-unit apartment community in Frisco. Built in 2015, the property offers one-, two- and three-bedroom units that range in size from 776 to 1,476 square feet. Amenities include a pool, clubhouse, bark park, media center and a fitness center. The new ownership plans to make capital improvements to unit interiors and building exteriors. The seller and sales price were not disclosed.

March 21, 2025

Acquisitions Industrial Lee & Associates Texas

Lee & Associates Negotiates Sale of 7.6-Acre IOS Facility in North Houston

by Taylor Williams March 21, 2025

HOUSTON — Lee & Associates has negotiated the sale of a 7.6-acre IOS (industrial outdoor storage) facility in North Houston. The property at 15550 Export Plaza Drive, which was fully leased at the time of sale, functions as a cross-dock truck terminal. Trey Erwin, Josh Carl and Jason Dannatt of Lee & Associates represented the undisclosed seller in the transaction. The buyer was a fund backed by New York City-based Clarion Partners.

March 21, 2025

Acquisitions Florida Retail Southeast

Principal Asset Management Sells 204,000 SF Pinewood Square Shopping Center in Lake Worth, Florida

by John Nelson March 21, 2025

LAKE WORTH, FLA. — Principal Asset Management has sold Pinewood Square Shopping Center, a 204,000-square-foot retail center in Lake Worth, roughly 35 miles north of Fort Lauderdale. Situated on the southeast corner of Lantana and Jog roads, the property was 99 percent leased at the time of sale to 42 tenants including T.J. Maxx/HomeGoods, Ross Dress For Less, Five Below, Goodwill and Delray Medical Center. There are also six additional outparcel buildings that are leased to Chase Bank, PNC Bank, AutoZone, Outback Steakhouse, La Granja and Jiffy Lube. Mark Gilbert, Adam Feinstein and Mitch Halpern of Cushman & Wakefield’s Miami office represented Principal Asset Management in the transaction. The buyer and sales price were not disclosed.

March 21, 2025

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