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39112-39228-10th-St-W-Palmdale-CA
AcquisitionsCaliforniaRetailWestern

SRS Real Estate Partners Brokers $13.5M Sale of Two-Tenant Retail Property in Palmdale, California

by Amy Works

PALMDALE, CALIF. — SRS Real Estate Partners has arranged the sale of a two-tenant retail property located at 39112-39228 10th St. West in Palmdale. A family office sold the asset to a Southern California-based private investor for $13.5 million. Smart & Final and Barnes & Noble occupy the 58,652-square-foot property. Built in 1999 on 4.1 acres, the property is situated within Palmdale Marketplace, a 214,000-square-foot power center. Matthew Mousavi and Patrick Luther of SRS Capital Markets represented the seller in the transaction.

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Washington-Center-Denver-CO
AcquisitionsColoradoRetailWestern

JLL Arranges $10.2M Sale of Washington Center Retail Property in Denver

by Amy Works

DENVER — JLL Capital Markets has arranged the sale of Washington Center, a shopping center located at 812-858 E. 120th Ave. and 11874-11890 Washington St. in Denver. Northglenn LLC sold the property to a local investment firm for $10.3 million. At the time of sale, the 50,445-square-foot center was 92 percent leased with 19 tenants across 21 suites. Current tenants include CSL Plasma, Smashburger, Subway and established local businesses. Jason Schmidt and Austin Snedden of JLL represented the seller in the transaction. Rob Bova of JLL arranged a fixed-rate loan from a bank for the buyer.

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AcquisitionsIndianaIndustrialMidwest

Colliers Brokers Sale of 554,228 SF Distribution Facility in Greenfield, Indiana

by Kristin Harlow

GREENFIELD, IND. — Colliers has brokered the sale of 70 Connect II, a 554,228-square-foot distribution facility in Greenfield within the Indianapolis Mount Comfort submarket. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Cam Kucic and Korey Ryan of Colliers represented the seller, Lauth Group Inc. Delivered in 2022, the property is fully leased to Yusen Logistics, a global third-party logistics provider and wholly owned subsidiary of Nippon Yusen Kabushiki Kaisha. The facility features a clear height of 36 feet, 60 dock-high doors, four drive-in doors, a 140-foot truck court and trailer and automobile parking. The buyer was Hillwood.

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AcquisitionsIllinoisMidwestMultifamily

Eastham Capital, Bender Cos. Acquire Multifamily Community in Metro Chicago for $30.4M

by Kristin Harlow

RICHTON PARK, ILL. — Eastham Capital and its operating partner Bender Cos. have acquired Park Towers Apartment Homes in Richton Park for $30.4 million. The 270-unit multifamily community is situated in Cook County. Park Towers is currently 94 percent occupied with average rents of $1,531 per month. The buyers plan to invest over $2.2 million focused on property infrastructure and exterior upgrades. Built in 1974, the property features floor plans ranging from 770 to 910 square feet. Amenities include a fitness center, business center, onsite laundry facilities, a putting green, outdoor games and a playground. To date, Eastham and Bender have co-invested in 13 projects.

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IowaLeasing ActivityMidwestOffice

Samsung Expands in Cedar Rapids, Joins Kingston Yard Tech Cluster

by Kristin Harlow

CEDAR RAPIDS, IOWA — Samsung Electronics will relocate within Cedar Rapids and expand its research and development operations. The company has been conducting ongoing testing on GPS location software at its current location off Collins Road. Samsung joins a growing list of businesses selecting the emerging Kingston Yard district of downtown Cedar Rapids. Notable recent additions include Big Grove Brewery & Taproom and Pickle Palace, as well as the future opening of the AC Hotel by Marriott. The Cedar Rapids Metro Economic Alliance and the City of Cedar Rapids worked together to assist Samsung’s growth in the city.

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The-Artise
LoansOfficeTop StoriesWashingtonWestern

Newmark Arranges $525M Refinancing for Amazon-Leased Office Tower in Bellevue, Washington

by Abby Cox

BELLEVUE, WASH. — Newmark has arranged a $525 million loan for the refinancing of The Artise, a recently delivered, 25-story trophy office tower located in downtown Bellevue. Goldman Sachs and Deutsche Bank issued the new loan, which replaces a $520 million loan that was originally secured in September 2021, according to Puget Sound Business Journal. Jonathan Firestone, Blake Thompson and Kevin Shannon of Newmark secured the financing on behalf of a joint venture between Schnitzer West, the developer of the tower, and The Baupost Group. “Securing this refinancing for The Artise underscores lender confidence in Bellevue’s premier office market and the long-term durability of this tenancy,” says Firestone, who serves as the co-president of Global Debt & Structured Finance at Newmark. Situated at the corner of NE 8th Street and 106th Avenue on the other side of Lake Washington from Seattle, The Artise was completed in 2024 and includes more than 600,000 square feet of office space that is fully preleased to Amazon. Amazon paused interior construction at the office property in 2022, but restarted work in October 2025, as reported by Puget Sound Business Journal. Along with office space, The Artise features 7,000 square feet of vacant ground-floor retail …

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AcquisitionsIndustrialTexas

Dalfen Industrial Acquires 1.4 MSF Portfolio in Dallas, Midwest for $207.5M

by Taylor Williams

DALLAS — Locally based investment firm Dalfen Industrial has acquired a portfolio of 19 industrial properties totaling approximately 1.4 million square feet, the majority of which (13) are located in the Dallas area. The sales price was $207.5 million. The other six properties are scattered across Midwestern markets, including Chicago, Cincinnati and Indianapolis. The Dallas properties are located in submarkets such as Plano, Valwood and the Great Southwest. The portfolio was 93 percent leased to 48 tenants at the time of sale. Jack Fraker, Dom Espinosa and Travis McEldowney of Newmark represented the seller, Mapletree, a development and investment firm based in Singapore, in the transaction.

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DevelopmentMixed-UseTexas

Rosewood Receives Zoning Approval for 156-Acre Mixed-Use Development in Plano

by Taylor Williams

PLANO, TEXAS — Rosewood Property Co. has received zoning approval from the Plano City Council for Heritage Creekside, a 156-acre mixed-use development that will be located near the intersection of U.S. Highway 75 and President George Bush Turnpike. According to the site plan, Rosewood intends to develop about 340 single-family homes, 2,000 apartments, 292,000 square feet of office space and 109,000 square feet of retail, restaurant and entertainment space on the site. According to Rosewood, these elements constitute a shift from previous plans that featured heavier office and hospitality components. A tentative construction timeline was not announced, but “further development of the master-planned community is expected by the end of the year,” Rosewood said in a statement.

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Baybrook-Village-Webster
AcquisitionsRetailTexas

CBRE Brokers Sale of 278,842 SF Baybrook Village Shopping Center in Metro Houston

by Taylor Williams

WEBSTER, TEXAS — CBRE has brokered the sale of Baybrook Village, a 278,842-square-foot shopping center located in the southeastern Houston suburb of Webster. Built in 1978 and renovated in 2020, Baybrook Village is home to tenants such as Burlington, Ross Dress for Less, PetSmart, PGA Superstore, Chuck E. Cheese, Haverty’s and pOpshelf. Mark Witcher, Jolie Duhon, Jim Batjer, Chris Cozby and Harrison Tye of CBRE’s National Retail Partners team represented the seller, a partnership between O’Connor Capital Partners and Wafra, in the transaction. Brent Crawford and John Fenoglio, also with CBRE, arranged acquisition financing on behalf of the buyer, Fidelis Realty Parters.

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