COLUMBUS, OHIO — DWG Capital Partners has acquired a 75,906-square-foot industrial facility in Columbus for an undisclosed price in a sale-leaseback transaction with Buckeye Shapeform. The property at 555 Marion Road features three dock doors and clear heights ranging from 12 to 25 feet. Phil DiGennaro and Dorothy Lee of Stream Capital Partners represented Buckeye Shapeform, a manufacturer whose specialties include custom fabrication of metal and plastic instrument enclosures, instrumentation and novelty cans as well as precision deep draw metal.
Property Type
ST. LOUIS — Midas Construction is underway on a 128-room Hampton Inn hotel near the St. Louis Lambert International Airport. Lodging Hospitality Management is the developer for the project, which is connected to the existing Hilton St. Louis Airport Hotel. Completion is slated for December. Located at 10300 Natural Bridge Road, the property will rise six stories. Joining St. Louis-based Midas on the project team are American Electric and Data, CE Jarrell Contracting, Finch Plumbing Co. Inc. and United Fire Protection.
OMAHA, NEB. — Investors Realty has brokered the sale of the Candlewood Hills retail center in Omaha for $4.7 million. Located at 12424 W. Dodge Road, the property totals 11,700 square feet and is situated near a Costco store. Ember Grummons of Investors Realty represented the seller, Royce Candlewood WR LLC. Tim Kerrigan and Grant Kobes of Investors Realty represented the local buyer.
CAROL STREAM, ILL. — SVN Chicago Commercial has arranged the $1.4 million sale of a 34,536-square-foot office building in the Chicago suburb of Carol Stream. The Class C, multi-tenant property is located at 455 Kehoe Blvd. Jennifer Hopkins, Olivia Czyzynski and Caitlin Crawford of SVN represented the buyer, an out-of-state investment group that plans to lease the suites out as office and flex spaces.
Thompson Thrift Plans 344-Unit Landing at Lemay Multifamily Community in Fort Collins, Colorado
by Amy Works
FORT COLLINS, COLO. — Thompson Thrift has released plans for The Landing at Lemay, a Class A apartment property in Fort Collins. Construction is slated to begin in July and move-ins are scheduled for late 2025. Located on 17 acres at the southeast corner of E. Vine Drive and N. Lemay Avenue, The Landing at Lemay will offer 344 apartments in a mix of one-, two- and three-bedroom configurations. Each apartment will feature stainless steel appliances, a glass-top range, hardwood-style flooring, multiple smart capabilities and full-sized washers and dryers. Select homes may feature a deluxe closet system with shelving, premium lighting and garage options. The property will include two firsts for Thompson Thrift: carriage homes with apartments built over attached private garages and large-scale electric vehicle charging capabilities. Community amenities will include a fully equipped, 24-hour fitness center, resort-style swimming pool, firepits, a billiards and shuffleboard area, dog park, pet spa, community-wide Wi-Fi and an outdoor entertainment kitchen.
MESA, ARIZ. — Orion Investment Real Estate has arranged the acquisition of a neighborhood retail center in Mesa. Superstition Marketplace LLC sold the asset to Electric Ave. LLC for $11.6 million, or $211 per square foot. Nick Miner of Orion represented the buyer, while the seller was self-represented in the off-market transaction.
Marcus & Millichap Negotiates $11.5M Sale of Comfort Suites Barstow Hotel in California
by Amy Works
BARSTOW, CALIF. — Marcus & Millichap has arranged the sale of Comfort Suites Barstow, a hotel in the Mojave Desert city of Barstow. A limited liability company sold the asset to an individual trust for $11.5 million. Located at 2571 Fisher Blvd., Comfort Suites Barstow offers 83 guest rooms. Andy Patel and Gordon Allred of Marcus & Millichap represented the seller and procured the buyer in the transaction.
DENVER — NorthPeak Commercial Advisors has arranged the sale of an apartment building located at 1335 N. Gaylord St. in Denver. The asset traded for $3.9 million, or $227,941 per unit. The 9,936-square-foot property features 17 apartments. Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors represented the undisclosed seller, while Greg Johnson and Conner Pieretti of NorthPeak Commercial Advisors represented the undisclosed buyer in the deal.
PSRS Arranges $9.6M Refinancing of Southwood Village Retail Property in Torrance, California
by Amy Works
TORRANCE, CALIF. — PSRS has arranged $9.6 million in refinancing for Southwood Village, a retail property in Torrance. Trevor Blood of PSRS originated a non-recourse, five-year loan with a 30-year amortization and two years of interest only through a life insurance company. The borrower was not disclosed. Built in the 1950s and renovated in 2003, Southwood Village offers 67,302 square feet of multi-tenant retail space. Current tenants include Ace Hardware, Goodwill, Dollar Tree and Embroidme.
NEW YORK CITY — Vornado Realty Trust has completed the Plaza33 project in Midtown Manhattan. Plaza33 is the centerpiece of a $65 million development by Vornado to make the streetscape around Penn Station greener and more pedestrian friendly. The project introduced 16,000 square feet of reclaimed public space, replete with new landscaping, seating and transit mechanisms, as well as spaces for new food-and-beverage operators.