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.
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.
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.
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.
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.
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.
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.
LAS VEGAS — SB Real Estate Partners has acquired a multifamily property located at 7531 Tule Springs Road in Las Vegas for $42 million. Formerly known as Brownstone Apartments, Portola Centennial Hills offers 143 one-, two- and three-bedroom units spread across nine low-rise residential buildings, which are adjacent to Pop Squires, a 2-acre public park. Amenities include a clubhouse, resort-style pool, barbecue areas, a 24-hour fitness center and tuck-under garages. The buyer has a limited capital improvements program planned for the property. Upgrades include smart-home tech packages and minor common area upgrades. John Cunningham, Charles Steele and Jared Glover of Berkadia Las Vegas represented the buyer and undisclosed seller in the off-market transaction.
SACRAMENTO, CALIF. — LDK Ventures has acquired Metro Air Park Logistics Center III, a state-of-the-art logistics building at 7070 Badiee Drive in Sacramento. Terms of the transaction were not released. Built in 2024 on nearly 6 acres, the 109,322-square-foot building boasts a clear height of 32 feet, 18 dock doors, two grade-level doors and a 130-foot truck court, as well as 1,715 square feet of dedicated office space. Todd Sanfilippo and Rebecca Perlmutter of CBRE brokered the transaction.
ELK GROVE VILLAGE, ILL. — Logistics Property Co. LLC has acquired a nearly 6-acre site at 2700 York Road in Elk Grove Village located just west of the Chicago O’Hare International Airport. Construction on the site is expected to commence in May. When complete, the development will feature a 123,000-square-foot rear-load warehouse with 16 dock doors, two drive-in doors and 125 auto parking spaces. Aaron Martell and Ben Fish of Logistics Property Co. worked with Ed Lowenbaum of Cresa on the purchase. Jacob & Hefner Associates is the civil engineer. The project is slated for completion in the second quarter of 2026.