Tuesday, November 10, 2026
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3300-Waltham-Way-Sparks-NV
AcquisitionsIndustrialNevadaWestern

EQT Exeter Purchases 1.1 MSF USA Parkway Distribution Center in Sparks, Nevada

by Amy Works

SPARKS, NEVADA — EQT Exeter has acquired USA Parkway Distribution Center I and II, an industrial park totaling 1.1 million square feet within Tahoe-Reno Industrial Center in Sparks, from an institutional investor for an undisclosed price. Situated on 45.9 acres at 3300 Waltham Way and 201 Ireland Drive, USA Parkway Distribution Center I and II are cross-dock distribution buildings that offer a total of 135 dock-high doors, nine grade-level doors and 120- to 130-foot truck courts with four 60-foot concrete dock aprons. The asset was fully leased to five tenants at the time of sale, including Tesla and The Tire Rack, which occupy 70 percent of the property. Brett Hartzell, Rebecca Perlmutter and Paige Morgan of CBRE National Partners represented the seller in the deal. Erick Bennett, also with CBRE, served as the local market expert.

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5-Peters-Canyon-Rd-Irvine-CA
AcquisitionsCaliforniaOfficeWestern

TP-Link Systems Closes $40.6M Acquisition of 157,455 SF Office Building in Irvine

by Amy Works

IRVINE, CALIF. — TP-Link Systems, as an owner-user, has purchased 5 Peter Canyon Road in Irvine from a joint venture led by Pendulum Property Partners for $40.6 million, or $258 per square foot. Situated on 9.5 acres, the 157,455-square-foot office building offers an onsite café, outdoor patio, a renovated lobby and more than 700 parking spaces. At the time of sale, the three-story building was 87.9 percent leased to a variety of tenants. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, Matt Didier, Jennifer Whittington and David Dowd of CBRE represented the seller, while Eric Purmort, also with CBRE, represented the buyer in the transaction.

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Paradise-Hills-Shopping-Center-Phoenix-AZ
AcquisitionsArizonaRetailWestern

Westwood Financial Buys 83,787 SF Paradise Hills Shopping Center in Phoenix

by Amy Works

PHOENIX — Westwood Financial has acquired Paradise Hills Shopping Center, a retail property in Phoenix, from Abbington Emmerson Investments for an undisclosed price. Located on 7.5 acres at 10604-10622 N. 32nd St. and 3110-3116 E. Shea Blvd., Paradise Hills Shopping Center offers 83,787 square feet of retail space occupied by 16 tenants, including Ace Hardware, Pet Supplies Plus and Uptown Jungle, along with an artisan bread shop, memorabilia store, home entertainment studio, salons, barber shop and five restaurants and bars. Mindy Korth and J.K. Jackson of Colliers’ Phoenix office, along with El Warner and Caitlin Zirpolo of Colliers in Irvine, Calif., represented the seller in the deal.

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1330-30th-St-San-Diego-CA.jpg
AcquisitionsCaliforniaIndustrialWestern

GID Industrial Acquires 105,469 SF Trolley Industrial Center in San Diego for $27.2M

by Amy Works

SAN DIEGO — GID Industrial Acquisition has purchased Trolley Industrial Center, a multi-tenant, light industrial property in the San Ysidro submarket of San Diego, for $27.2 million. Bryce Aberg, Jeff Chiate, Jeffrey Cole, Matthew Leupold and Ryan Demerest of Cushman & Wakefield represented the seller, Washington Capital Management, in the deal. Originally built in the mid-1980s, Trolley Industrial Center has since been renovated and now offers 105,469 square feet of industrial space that is fully leased to three tenants. The building features a variety of bay sizes, 24-foot clear heights and grade-level and dock-high doors. The property is situated on 5 acres at 1330 30th St.

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9660-Kiefer-Blvd-Sacramento-CA
AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

Marcus & Millichap Facilitates Purchase of 3,500 SF Starbucks-Occupied Retail Property in Sacramento

by Amy Works

SACRAMENTO, CALIF. — Marcus & Millichap has arranged the acquisition of a restaurant property located at 9660 Kiefer Blvd. in Sacramento. An individual/personal trust acquired the asset from an undisclosed seller for $2.6 million. Starbucks Coffee occupies the 3,500-square-foot property on a 15-year, corporate net-lease basis. Yuri Sergunin and J.J. Taughinbaugh of Marcus & Millichap’s Palo Alto, Calif., office represented the buyer, while Cushman & Wakefield represented the seller in the deal. The transaction included a 1031 exchange for the buyer.

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DevelopmentMidwestMissouriMultifamily

Subtext to Develop 259-Unit Apartment Complex in Suburban St. Louis

by Kristin Harlow

UNIVERSITY CITY, MO. — Subtext, in partnership with Larson Capital Management, has acquired nearly two acres at 6650 Delmar Blvd. in the St. Louis suburb of University City for the development of LOCAL on Delmar. The five-story, 259-unit apartment complex will be situated in the city’s Delmar Loop entertainment district just north of Washington University in St. Louis. Construction is slated for completion in summer 2026. LOCAL on Delmar will offer a mix of studio, one-, two- and three-bedroom layouts, including townhomes. There will also be 399 parking spaces in an attached five-story garage and more than 7,000 square feet of shared amenity spaces, including a work-from-home hub, wellness suite, gym, yoga studio, pool terrace and clubroom. The project team includes ESG Architecture & Design, Brinkmann Constructors and Stock and Associates Consulting Engineers Inc. First Mid Bank & Trust is the lender.

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DevelopmentLoansMidwestMultifamilyOhio

Hall Structured Finance Provides $21.9M Loan for Construction of River Creek Lofts Near Cincinnati

by Kristin Harlow

SOUTH LEBANON, OHIO — Hall Structured Finance (HSF) has provided a $21.9 million construction loan for River Creek Lofts, a 120-unit apartment development in South Lebanon, about 30 miles northeast of Cincinnati. Dayton-based VCARVE Constructions is the developer. The four-story project will feature amenities such as a clubhouse, outdoor pool, fitness and yoga center, dog wash station, banquet area, kitchen and coffee station. Residents will have access to multiple pickleball courts and a basketball court as well as 236 miles of walking and biking trails along the Little Miami River to Lake Erie via a pedestrian bridge. Amir Giryes of Giryes Capital Group arranged the loan.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Arranges Two Multifamily Sales on Chicago’s North Side Totaling $7.3M

by Kristin Harlow

CHICAGO — Interra Realty has arranged the sales of two multifamily properties in Chicago for a total of $7.3 million. A 10-unit building at 4540 N. Ravenswood Ave. in the Ravenswood neighborhood sold for $4.2 million. Brad Feldman of Interra represented the buyer, a local private investor, and the seller, Vassil Bayraktarov, whom Feldman represented on the original acquisition in 2021. The property was built in 2019. In the second transaction, a 16-unit asset at 5408-5414 N. Campbell Ave. in the Lincoln Square neighborhood sold for $3.1 million. Feldman procured the local private buyer and represented the confidential seller. All of the units received renovations in 2009. The buyer plans to make cosmetic upgrades to increase the rent roll. The property sold for 99 percent of the list price.

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Leasing ActivityMidwestNebraskaRestaurantRetail

Plum Market Travel Services to Operate 10 Food-and-Beverage Locations at Omaha Eppley Airfield

by Kristin Harlow

OMAHA, NEB. — Plum Market Travel Services has been awarded a contract to operate 10 dining, retail and Gourmet Natural Market locations at Omaha Eppley Airfield (OMA) in Nebraska. The agreement, part of OMA’s $950 million terminal expansion and modernization plan, comprises the majority of the food-and-beverage offerings. Plum Market Travel Services is a subsidiary of Plum Market, a natural food, beverage and wellness essentials retailer. The 10 locations consist of nine brands spanning various cuisines and formats. Notable brands include Runza, Panda Express and Sambazon, along with several local Omaha restaurants such as Block 16 and Fernando’s. Additionally, Plum Market will open two of its own concepts: a full-service kitchen and bar with all-natural snacks and travel essentials, and a convenient grab-and-go, quick-service format. The terminal expansion is slated to open in 2027.

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AcquisitionsKansasMidwestRetail

Marcus & Millichap Brokers $5.3M Sale of Retail Strip Center in Derby, Kansas

by Kristin Harlow

DERBY, KAN. — Marcus & Millichap has brokered the $5.3 million sale of Spring Creek Center, a 31,557-square-foot retail strip center in the Wichita suburb of Derby. Built in 2007, the property is situated on 3.3 acres at 1821 E. Madison Ave. There are 12 fully leased suites spread across three buildings featuring a mix of medical, dining and service-oriented tenants. Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, a private equity group. An all-cash private investor from the East Coast was the buyer. Colby Haugness, broker of record in Kansas, assisted in closing the transaction.

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