Acquisitions

GREENWOOD, IND. — Marcus & Millichap has arranged the $3.8 million sale of an auto repair center occupied by Caliber Collision in Greenwood. The property totals 33,511 square feet and is located at 155 Melody Ave. Caliber Collision occupies the asset under a double-net lease with more than three years remaining on the lease. Mitch Grant, Nicholas Kanich and Josh Caruana of Marcus & Millichap represented the Indiana-based seller. Dominic Sulo, Ryan Engle and Andrean Angelov of Marcus & Millichap procured the Illinois-based buyer.

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DALLAS, ARLINGTON AND GARLAND, TEXAS — California-based investment firm BKM Capital Partners has purchased a portfolio of three industrial properties totaling 512,310 square feet across seven buildings in the Dallas-Fort Worth (DFW) metroplex. The properties include the 34,325-square-foot Northgate 22 in Dallas, a 42,506-square-foot facility at 501 106th St. in Arlington and Market Street Distribution Center, a five-building, 435,479-square-foot park in Garland. BKM Capital, which plans to implement capital improvements, purchased the portfolio for $60.3 million from Boston-based TA Realty.

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LAKE CITY, GA. — JLL Capital Markets has negotiated the $30 million sale of Lake City Distribution Center, a 157,371-square-foot industrial facility located at 5380 Dixie Industrial Drive in Lake City, about 11 miles south of downtown Atlanta. Britton Burdette, Dennis Mitchell, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the seller, InLight Real Estate Partners, in the transaction. Situated within Atlanta’s Airport submarket, Lake City Distribution Center was constructed in 2023 and features 32-foot clear heights, concrete tilt-wall construction, a rear-load configuration with 42 dock-high doors and two ramped drive-in doors. The property also offers 46 trailer parking spaces and 133 car parking spaces, along with 185-foot truck courts to accommodate large distribution operations. Maersk, a Danish shipping and logistics company, occupies roughly two-thirds of the building, while DB Schenker, a logistics and transportation provider, occupies the rest of the property.

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AUBURN, ALA. — Matthews Real Estate Investment Services has arranged the sale of Flint’s Crossing, a 97,668-square-foot neighborhood shopping center situated three miles from Auburn University. HomeGoods and Michaels anchor the fully leased center. Other tenants include Panera Bread, The UPS Store, Subway, CiCi’s Pizza, Plato’s Closet, Kumon and uBreakiFix. In addition to the 22,850-square-foot HomeGoods store, which operates at the property on a new 10-year lease, Flint’s Crossing has introduced roughly 15,115 square feet of new tenants since 2022. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the repeat seller, an entity doing business as RECS Flint’s Crossing LLC, in the transaction. The buyer and sales price were not disclosed.

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DALLAS — A partnership between two locally based firms, Leone Real Estate Partners and Lampasas Partners, has purchased a 24,942-square-foot warehouse in the Valwood area of North Dallas. The property features 14- to 24-foot clear heights, two dock-high loading doors, two grade-level loading doors, 4,100 square feet of office space and one acre of fenced outdoor storage space. The seller and sales price were not disclosed.

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PHOENIX AND TEMPE, ARIZ. — BKM Capital Partners has acquired a portfolio of eight light industrial buildings in Phoenix and Tempe from an affiliate of Equus Capital Partners Ltd. for $167.8 million. The portfolio features 889,352 square feet spread across 46 buildings. Rusty Kennedy, Joe Cesta and Darla Longo of CBRE represented the seller in the deal. The portfolio includes: The properties offer a range of unit sizes, providing leasing flexibility.

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PINOLE, CALIF. — Step Up Housing has purchased Bayside Apartment Homes at 530 Sunnyview Drive in Pinole. Sack Capital Partners and Align Finance Partners arranged structured financing for the acquisition. Additionally, Sack will provide asset and property management for the 148-unit affordable housing community. Originally built in 1974 and renovated in 2017, Bayside features two- and three-bedroom apartments near the shoreline of San Pablo Bay at Point Pinole Regional Shoreline. Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller in the transaction.

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DENVER — Kaufman Hagan has arranged the sale of 3478 W. 32nd Avenue, a 3,043-square-foot, owner-user retail building in Denver’s Highlands Square. The asset traded for $1.8 million, or $591.52 per square foot. The names of the seller and buyer were not released. Zachary Bierman of Kaufman Hagan represented the seller in the deal.

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CHICAGO — Waterton has acquired The Mason, a 263-unit, 14-story apartment building located at 180 N. Ada St. in Chicago’s Fulton Market district. The purchase price was nearly $90 million, according to CoStar. Units come in studio, one-, two- and three-bedroom layouts. Waterton plans to implement a light value-add program, including in-unit flooring upgrades and enhancements to common areas and amenity spaces. The Mason’s amenities include a rooftop deck, pool deck, fitness center, remote work space, a dog wash and dog run.

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MADISON, WIS. — Marcus & Millichap has arranged the sale of Whitney Point Apartments in Madison for an undisclosed price. The property features 48 multifamily units and three retail suites. Located at 5414 Mineral Point Road on the city’s west side, the asset was built in 2020 as Phase I of a larger redevelopment plan. The site allows for a proposed Phase II that would add approximately 100 residential units and 8,250 square feet of retail space. Matthew Whiteside, Paul Rider and Don Schmidt of Marcus & Millichap represented the seller, Whitney Point Properties LLC, and procured the buyer, Whitney Point LLC.

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