DECATUR, TEXAS — Marcus & Millichap has brokered the sale of a 689-unit self-storage facility in Decatur, about 40 miles northwest of Fort Worth. Decatur Self Storage was built on a 19.8-acre site in 1980 (expanded in 2018) and comprises 14 single-story buildings that offer a mix of climate-controlled spaces, drive-up storage units, covered parking and specialty storage options for a total of 121,650 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, an undisclosed, family-owned self-storage operator, in the transaction. The duo also procured the buyer, SW Group, a Houston-based private investment firm that owns and operates 17 self-storage facilities throughout Texas. Decatur Self Storage was roughly 94 percent occupied at the time of sale.
FORT WORTH, TEXAS — The industrial investment arm of Dallas-based S2 Capital has purchased a 589,022-square-foot park located at 5721 E. Rosedale St. in Fort Worth’s Historic Southside district. The development, which S2 plans to rebrand as Panther City Industrial Park, comprises 31 buildings. The new ownership also plans to invest in capital improvements to suite interiors, as previous ownership already completed upgrades to common areas and building façades. The seller and sales price were not disclosed.
NEW YORK CITY — Cushman & Wakefield has arranged the $450 million sale of a four-property commercial portfolio located throughout the greater New York City area. The portfolio comprises existing multifamily, retail, healthcare and industrial buildings spanning roughly 4 million square feet, as well as multiple development sites totaling roughly 300 acres, in the following markets: East Fishkill, N.Y., Edgewater, N.J., Norwalk, Conn. and Yonkers, N.Y. Specifically, the portfolio includes iPark 84, a 270-acre, 1.8 million-square-foot industrial campus in East Fishkill that was originally built to be IBM’s flagship semiconductor manufacturing plant and can support another 1.5 million square feet of new development. Other properties within the portfolio include Edgewater Harbor, a 262-unit waterfront apartment complex with 60,000 square feet of retail space; a 400,000-square-foot mixed-use development in Norwalk that is anchored by a Northwell Health medical outpatient facility; and Trilogy Lofts, a newly constructed, 97-unit apartment building in Yonkers. Andy Merin, Frank DiTommaso and Ryan Dowd of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was a partnership between New York-based Saber-Hightower, Waterfall Asset Management and Dallas-based Lincoln Property Co. John Alascio, Alex Hernandez, Brad Domenico, Chuck Kohaut and Mitch Rothstein, also with Cushman …
KASER, N.Y. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $55 million construction loan for a 104-unit multifamily project that will be located at 10 Ashel Lane in Kaser, about 40 miles northwest of New York City. The property will feature one-, two-, three-, and four-bedroom units and 45,000 square feet of ground-floor commercial space that will be home to a grocery store and urgent care clinic. Steven Hersko of The SHB Group arranged the loan on behalf of the borrower, Sky Equity Group. A tentative completion date was not announced.
NEW YORK CITY — Marcus & Millichap has brokered the $23.5 million sale of a 122-unit apartment building located in Brooklyn’s Midwood neighborhood. The doorman- and elevator-served building at 1000 Ocean Parkway was constructed in 1964 and renovated in 2021. Information on floor plans and amenities was not disclosed. Matt Fotis of Marcus & Millichap represented the seller, a local family, in the transaction and procured the buyer, Brooklyn-based FM Home Loans.
NEW YORK CITY — Ambassador Theatre Group has signed an office lease expansion and extension in Midtown Manhattan. The theater operator is essentially doubling its footprint to 19,380 square feet on the fifth floor of the 13-story building at 630 Ninth Ave., which is known locally as The Film Center Building. Rocco Laginestra of CBRE represented the tenant in the lease negotiations. Matthew Mandell of GFP Real Estate represented the landlord on an internal basis.
FORT COLLINS, COLO. — The Rainier Cos. has sold Seasons at Horsetooth Crossing, a garden-style multifamily community in Fort Collins, for $62.7 million. Located at 1020 Wabash St., Seasons at Horsetooth consists of 26 two-story buildings offering a total of 208 one-, two- and three-bedroom units averaging 1,038 square feet. Community amenities include a clubhouse, fitness center, pool, business center, courtyard, barbecue grills and bike storage. Additionally, partaking is available via assigned parking and detached garages. Jordan Robbins, Wick Kirby, Alex Possick and Seth Gallman of JLL Capital Markets Investment Sales and Advisory team represented the seller in the deal. The buyer was a Delaware Statutory Trust (DST) sponsored by Hamilton Zanze, a San Francisco-based multifamily real estate investment firm. Tyler Ford of JLL Capital Markets Debt Advisory originated the 10-year, $38.8 million acquisition loan on behalf of the Hamilton Zanze-sponsored DST through Freddie Mac.
RENTON, WASH. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $47.5 million sale of Cascadia at Fairwood Landing, a multifamily property in Renton’s Fairwood neighborhood. Giovanni Napoli, Philip Assouad, Ryan Harmon, Anthony Palladino and Nicholas Ruggiero of IPA represented the seller, Sack Capital Partners, and procured the buyer, Bridge Partners, in the deal. Built in 1981 and renovated in 2025, Cascadia Fairwood Landing features 15 two- and three-story residential buildings, an outdoor pool, fitness center and an outdoor pagoda with barbecue stations and seating. The property’s one-, two and four-bedroom apartments also offer full-size washer/dryers.
AVONDALE, ARIZ. — Local developer Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has broken ground on Avondale Tech Center, a 700,000-square-foot Class A industrial campus on the western outskirts of Phoenix. LGE Design Build is serving as both architect and general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 38 acres on the northwest corner of 117th Avenue Corporate Drive, Avondale Tech Center will feature three buildings ranging in size from 212,184 to 254,264 square feet. The buildings will offer 36-foot clear heights, seven-inch unreinforced slab floors, four EV chargers with eight charging stalls per building and fully gated entry. Riley Gilbert, John Lydon and Kelly Royle of JLL are handling leasing efforts for the development.
CORONA DEL MAR, CALIF. — Poole Properties (formerly John Poole Radio Properties) has divested of a retail property at located at 2515 E. Coast Highway in Corona del Mar, part of the Newport Beach metro area. An entity doing business as Shops at CDM LLC acquired the property, which features 13,883 square feet of multi-tenant retail space, for $13.7 million. Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap handled the transaction.