Wednesday, January 28, 2026
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10681-Production-Ave-Fontana-CA
AcquisitionsCaliforniaIndustrialWestern

Bridge Logistics Buys 1.1 MSF Inland Empire Distribution Facility

by Amy Works

FONTANA, CALIF. — Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings, has purchased a 1.1 million-square-foot Class A industrial distribution facility in Fontana. Terms of the transaction were not released. Located at 10681 Production Ave., the cross-dock facility features 220 dock-high doors, ESFR sprinklers, 185-foot truck courts, 274 trailer stalls and immediate access to Interstate 10. BLP anticipates the property will be vacant in first-quarter 2026, providing the company with an opportunity to capitalize on improving market fundamentals for buildings over 1 million square feet. The company plans to implement facility enhancements, including sprinkler head upgrades, dock packages, office improvements and other make-ready upgrades.

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IndustrialLeasing ActivityMassachusettsNortheast

Red Thread Signs 96,000 SF Industrial Lease in Andover, Massachusetts

by Taylor Williams

ANDOVER, MASS. — Red Thread has signed a 96,000-square-foot industrial lease in Andover, located north of Boston. The workplace design and integration firm is taking space at 4 Executive Place, a 168,000-square-foot building. Locally based investment and development firm Marcus Partners owns the building. Both parties were self-represented in the lease negotiations.

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Cypress-Court-San-Diego-CA
AcquisitionsCaliforniaMultifamilySeniors HousingWestern

Azure Partners Acquires 148-Unit Seniors Housing Community in San Diego

by Amy Works

SAN DIEGO — Azure Partners has acquired Cypress Court, a senior living community located in San Diego. Totaling 148 units, the property features 76 independent living and 72 assisted living residences. Kisco Senior Living sold the community for an undisclosed price. JLL Capital Markets brokered the transaction on behalf of the seller. JLL also secured a 10-year acquisition loan through Freddie Mac on behalf of Azure.  “Azure is very excited about the acquisition of Cypress Court as our entrance into seniors housing, and we aim to rapidly expand our portfolio in the sector,” says Arthur Rosenberg, CEO of Azure.   Northstar Senior Living will continue to manage the property. 

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Spartan-Self-Storage-Colorado-Springs-CO
AcquisitionsColoradoIndustrialSelf-StorageWestern

Spartan Investment Group Purchases 139-Unit Self-Storage Facility in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Spartan Investment Group has acquired a 76,720-net-square-foot self-storage facility in Colorado Springs for an undisclosed price. FreeUp Storage, Spartan’s in-house facility management solution, will mange the 139-unit property, which was under local ownership. Spartan plans to modernize the property, which was built before 2000, by implementing StoreEase, the company’s virtual management system.

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74785-Highway-111-Indian-Wells-CA
AcquisitionsCaliforniaHealthcareOfficeWestern

Progressive Real Estate Partners Brokers $10.5M Sale of Indian Wells Medical & Professional Center in California

by Amy Works

INDIAN WELLS, CALIF. — Progressive Real Estate Partners has brokered the sale of Indian Wells Medical & Professional Center, located at 74785 Highway 111 in Indian Wells. Miami-based Kresher Capital sold the property to Orange County, Calif.-based Circle Vision for $10.5 million. Built in 1996, the two-story Indian Wells Medical & Professional Center offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the deal.

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AcquisitionsIllinoisMidwestRetail

Mid-America Brokers Sale of 255,704 SF Wind Point Shopping Center in Batavia, Illinois

by Kristin Harlow

BATAVIA, ILL. — Mid-America Real Estate Corp. has brokered the sale of Wind Point Shopping Center, a 255,704-square-foot, grocery-anchored community center in the Chicago suburb of Batavia. The property is 98.7 percent leased to tenants such as Aldi, Kohl’s, Hobby Lobby, Harbor Freight Tools, OfficeMax, HobbyTown, Picked!, PetLand and AT&T. The center is positioned on the retail corridor or Randall Road. Ben Wineman and Emily Gadomski of Mid-America represented the seller, PMAT Real Estate Investments. Core Equity Partners was the buyer.

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IllinoisLoansMidwestMultifamily

BBCP Secures $38M Loan for Refinancing of Multifamily Portfolio in Morton, Illinois

by Kristin Harlow

MORTON, ILL. — Black Bear Capital Partners (BBCP) has arranged a $38 million loan for the refinancing of a three-property multifamily portfolio totaling 236 units in Morton near Peoria. Ethos Build was the borrower. PGIM provided the five-year, fixed-rate loan, which features interest-only payments for three years, a 30-year amortization schedule and a 65 percent loan-to-value ratio. The properties, located at 1950 S. Second Ave., 651 Harding Road and 661 Harding Road, are 97 percent occupied and feature a mix of two- and three-bedroom units. All residents have access to a 4,000-square-foot clubhouse with work stations, a self-serve café, lounge, game area, outdoor porch and fire pits.

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AcquisitionsIllinoisLoansMidwestRetail

JLL Arranges $27.3M Acquisition Loan for Shopping Center in Metro Chicago

by Kristin Harlow

NAPERVILLE, ILL. — JLL Capital Markets has arranged a $27.3 million acquisition loan for Market Meadows, a 149,185-square-foot, grocery-anchored shopping center in Naperville. Chris Drew, Travis Anderson, Chris Knight, Wells Waller and Merrick Evans of JLL represented the borrower, Barings, in arranging a seven-year, fixed-rate loan through Principal Asset Management. The property is 98.3 percent leased and anchored by a Jewel-Osco store that comprises 45 percent of the net rentable area. Additional tenants include U.S. Bank, BMO Bank, T-Mobile, Chipotle, Jersey Mike’s Subs and McDonald’s. Rick Drogosz and Eric Geskermann of Mid-America Real Estate Corp. represented the seller, Shorewood Development. 

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Leasing ActivityMichiganMidwestOffice

Angstrom NA to Relocate Global Headquarters in Southfield, Michigan

by Kristin Harlow

SOUTHFIELD, MICH. — Angstrom NA LLC has unveiled plans to relocate its global headquarters to the newly renamed Angstrom Office Center in the Detroit suburb of Southfield. Located on Telegraph Road, the office property totals 233,400 square feet across six stories. Angstrom will occupy the sixth floor. Rick Ax and Brad Margolis of NAI Farbman negotiated the lease. Over the past five years, the building has undergone more than $20 million in upgrades, including a newly built cafeteria, coffee bars, lounge spaces, game rooms and conference rooms. Angstrom is a tier 1 full-service supplier for automotive and industrial original equipment manufacturers. The company’s current headquarters are at 2000 Town Center in Southfield.

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AcquisitionsHospitalityMidwestNorth Dakota

Marcus & Millichap Negotiates Sale of 75-Room MainStay Suites Hotel in Minot, North Dakota

by Kristin Harlow

MINOT, N.D. — Marcus & Millichap has negotiated the sale of a 75-room MainStay Suites hotel in Minot. Jake Erickson, Jared Plamann, Brock Banken and Jon Ruzicka of Marcus & Millichap represented the seller, Minot Hospitality Partners LLC. Erickson and Plamann procured the buyer, Astro Hospitality LLC. Built in 2011, the 39,918-square-foot property sits on 1.7 acres adjacent to Dakota Square Mall.

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