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AcquisitionsCaliforniaIndustrialWestern

Sword Industrial Partners Purchases 121,816 SF Expo Centre Industrial Park in Sacramento

by Amy Works

SACRAMENTO, CALIF. — Dallas-based Sword Industrial Partners has purchased Expo Centre, a seven-building industrial park in Sacramento, from BKM Capital Partners for an undisclosed price. Matt Susac and Todd Sanfillipo of CBRE have been retained as leasing agents for the park. Rebecca Perlmutter of CBRE represented the seller in the deal. Totaling 121,816 square feet, the industrial park offers small-bay suites ranging in size from 1,500 square feet to 6,600 square feet. The asset is located at 1767-1791 Tribute Road. Recent capital improvements at the asset include new roofs, paint, suite reconfigurations, signage and drought-tolerant landscaping. Sword Industrial Partners is actively pursuing multi-tenant, infill industrial assets in the Western United States. The newly formed MAG Capital Partners investment platform is helmed by Scott Word, managing partnering of Sword Industrial Partners.

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225-E-Santa-Clara-St-Arcadia-CA
AcquisitionsCaliforniaOfficeWestern

NAI Capital Negotiates $7.4M Sale of Office Building in Arcadia, California

by Amy Works

ARCADIA, CALIF. — NAI Capital Commercial has arranged the sale of a multi-tenant office building located at 225 E. Santa Clara St. in Arcadia. Los Angeles District Church of the Nazarene sold the property to an undisclosed buyer for $7.4 million, or $341 per square foot. At the time of sale, the 21,673-square-foot building was fully occupied and offers abundant parking. The buyer plans to eventually occupy a portion of the property. Marie Taylor of NAI Capital Commercial represented the seller in the deal.

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AcquisitionsColoradoOfficeWestern

Newmark Arranges $3.4M Sale of Office Building in Denver

by Amy Works

DENVER — Newmark has negotiated the purchase of a 7,804-square-foot office property located at 1660 17th St. in Denver. 11th Avenue Residential LLC acquired the asset from Struby Warehouse First Floor LLC for $3.4 million. Reed Mclaughlin, Thomas Lee and Jonathan Tilton of Newmark represented the buyer, while Kentwood Commercial represented the seller in the transaction.

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AcquisitionsHospitalityWashingtonWestern

Marcus & Millichap Brokers Sale of 20-Room Great House Motel in Sequim, Washington

by Amy Works

SEQUIM, WASH. — Marcus & Millichap has arranged the sale of Great House Motel in Sequim. A private investor sold the property to a private investor for $1.2 million. Allan Miller, Chris Gomes, Huberth Marak and Skyler Cooper of Marcus & Millichap represented the seller, while Donaven Santana and Whitney Rhoades of Marcus & Millichap secured and represented the buyer in the deal. Originally built in 1965, Great House Motel offers 20 guest rooms, several with kitchenettes, and all equipped with TVs, microwaves and mini refrigerators. The property is located at 740 E. Washington St.

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LoansMidwestMissouriMultifamily

Gantry Secures $10M Loan for Refinancing of Multifamily Property in Suburban Kansas City

by Kristin Harlow

INDEPENDENCE, MO. — Gantry has secured a $10 million loan for the refinancing of Hillside Apartments in the Kansas City suburb of Independence. The garden-style, three-story property features 108 multifamily units across 14 buildings at 111 Hillside Drive. The fully stabilized asset underwent a complex-wide renovation. Mark Reichter and Alec Frook of Gantry arranged the financing on behalf of the borrower, a private real estate investor. Fannie Mae provided the seven-year, fixed-rate loan, which features an interest-only introductory period followed by a 30-year amortization.

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AcquisitionsIllinoisMidwestRetail

Performance Brokerage Services Negotiates Sale of Hyundai Dealership in Bourbonnais, Illinois

by Kristin Harlow

BOURBONNAIS, ILL. — Performance Brokerage Services has negotiated the sale of the Phillips Hyundai of Bradley dealership in Bourbonnais, about 55 miles south of Chicago. Phillip Pascarella founded Phillips Auto Group in 1968. The company continues to own and operate Phillips Chevrolet locations in Bourbonnais, Frankfort and Lansing, Ill., and Phillips RV in Bourbonnais. Phillips Hyundai of Bradley opened in 2017. Paul Kechnie, Emily Bourne and Matt Willis of Performance Brokerage Services represented the seller. Patriot Motors was the buyer. Phillips Hyundai of Bradley will be renamed Patriot Hyundai of Bradley and will be relocated to William R Lathan Senior Drive.

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LoansMichiganMidwestOffice

Bernard Financial Group Arranges $3.5M in Financing for Office Building in Clinton Township, Michigan  

by Kristin Harlow

CLINTON TOWNSHIP, MICH. — Bernard Financial Group (BFG) has arranged a $3.5 million loan for an office building in Clinton Township, a northern suburb of Detroit. Joshua Bernard of BFG arranged the loan through a banking institution. The borrower was River Ridge Office Building II LLC.

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AcquisitionsIllinoisMidwestRestaurantRetail

Boulder Group Brokers $2.8M Sale of Chipotle-Occupied Restaurant Property in Metro Chicago

by Kristin Harlow

LAKE ZURICH, ILL. — The Boulder Group has brokered the $2.8 million sale of a restaurant property net leased to Chipotle in the Chicago suburb of Lake Zurich. The newly constructed building at 442 S. Rand Road features a drive-thru. Chipotle operates under a 15-year lease term with 10 percent rental escalations every five years and four five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Chicago-area full-service commercial real estate company. A local individual was the buyer. There are 3,752 Chipotle locations worldwide as of 2025.

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Leasing ActivityMichiganMidwestRetail

Magoo’s Pet Outlet Signs 6,900 SF Retail Lease at Riverwood Crossing in Owosso, Michigan

by Kristin Harlow

OWOSSO, MICH. — Magoo’s Pet Outlet has signed a 6,900-square-foot retail lease at the Riverwood Crossing shopping center in Owosso, about 32 miles northeast of Lansing. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the tenant, while Harry Lancz of Professional Property Advisors represented the undisclosed landlord. Riverwood Crossing is anchored by Tractor Supply.

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LoansMultifamilyNorthmarqPennsylvania

Northmarq Provides $19.2M Agency Loan for Refinancing of Apartment Complex in Hershey, Pennsylvania

by Taylor Williams

HERSHEY, PA. — Northmarq has provided a $19.2 million Fannie Mae loan for the refinancing of Rosedale Apartments, a 160-unit apartment complex in Hershey, located just outside of Harrisburg. Built on 30 acres in 1972, Rosedale offers one- and two-bedroom units and amenities such as a pool, fitness center, dog park, tennis court and common green spaces. John Banas and Kris Wood of Northmarq originated the 10-year loan on behalf of the borrower, locally based investment firm Boyd Wilson.

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