Friday, July 18, 2025
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AcquisitionsGeorgiaIndustrialOfficeSoutheast

Atlanta Property Group Acquires Three Industrial Facilities, One Office Asset in Metro Atlanta for $48.7M

by John Nelson

KENNESAW, GA. — Atlanta Property Group (APG) has acquired three industrial facilities and one office property in the northwest Atlanta suburb of Kennesaw for $48.7 million. The seller was not disclosed. The portfolio comprises three warehouse facilities totaling 305,000 square feet located near Chastain Road and I-75. The rear-load buildings, which were constructed in the mid-1990s, feature 24-foot clear heights and were fully leased at the time of sale to six tenants. The lone office property spans 72,000 square feet and was 73 percent leased at the time of sale. Built in 2000, the property is situated near Kennesaw State University and the I-75/I-575 interchange. Austin Chase and Grace Thompson of APG are handling leasing of the office building.

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AcquisitionsLife SciencesNorth CarolinaSoutheast

Goldman Sachs, Lincoln Harris Purchase 445,000 SF Life Sciences Campus in Durham

by John Nelson

DURHAM, N.C. — A joint fund managed by Goldman Sachs Asset Management and Lincoln Harris is acquiring TBC, a 445,000-square-foot life sciences property located on Stirrup Creek Drive in Durham. Previously owned in part by Lincoln Harris, the campus is part of the Triangle Business Center and adjacent to Research Triangle Park. Tenants at the property, which comprises five single-story buildings, include DuPont, Carsgen Therapeutics, Brightview Technologies, HemoSonics and Charles River Labs. The campus also includes a newly completed, 14,000-square-foot amenity center featuring a fitness center, outdoor recreational space, shower facilities and lounge and conference space. The seller and terms of the transaction were not disclosed.

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AcquisitionsArkansasMultifamilySoutheast

Weidner Acquires 337-Unit Apartment Community in Rogers, Arkansas

by John Nelson

ROGERS, ARK. — Weidner Apartment Homes has purchased 49 West Apartments, a multifamily community comprising 325,507 square feet of rentable space in the northwestern Arkansas city of Rogers. Built in 2020, the property sits on 20.7 acres and features 337 units in one- and two-bedroom layouts. Amenities at the community — which was built by S+K Development — include a clubhouse, fitness center, indoor and outdoor lounges, pool, onsite fishing pond, pet washing stations and play area, valet trash services and a basketball court. The sales price was not disclosed.

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AcquisitionsArizonaLoansMultifamilyWestern

NewPoint Real Estate Capital Funds $105M Loan for Multifamily Acquisition in Scottsdale, Arizona

by Amy Works

SCOTTSDALE, ARIZ. — NewPoint Real Estate Capital has provided a $105 million bridge loan to facilitate the purchase and lease-up of SeventyOne15 McDowell, an apartment community in Scottsdale. John DeWitt of NewPoint originated the financing, which features a two-year, interest-only loan term with three one-year extension options. Built in 2022, SeventyOne15 McDowell features 274 apartments, a swimming pool with private cabanas, rooftop lounge with fire pits, two-story fitness center, electric vehicle charging stations, direct access parking garage and a clubhouse with a kitchen, billiards and lounge seating. Units feature smart-home access and thermostats, pendant lighting, washers and dryers, gourmet kitchens, wine fridges and walk-in closets in select units.

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West-Harbor-Los-Angeles-CA
CaliforniaDevelopmentLoansRestaurantRetailWestern

Parkview Financial Provides $35M in Construction Financing for 42-Acre West Harbor Retail Project in Los Angeles

by Amy Works

LOS ANGELES — Parkview Financial has provided a $35 million senior construction loan to a venture between Ratkovich Co. and Jerico Development for the development of West Harbor, a retail center along the Los Angeles waterfront in the San Pedro neighborhood. The financing from Parkview is in addition to $55 million of Commercial Property Assessed Clean Energy financing, as well as $85 million of investor equity. Situated on 42 acres at 1200 Nagoya Way, West Harbor will feature more than 125,460 square feet of multi-tenant retail space. Slated for completion in two phases, several restaurants will anchor the development, including Yamashiro, King & Queen Cantina, a market hall for fast-casual dining and Bark Social. Additionally, the project will include a 6,200-seat amphitheater developed in conjunction with the Nederlander Organization, as well as a variety of other tenants. The Los Angeles City Harbor Department owns the site and executed a long-term ground lease with the developer. The project is now under construction with completion slated for 2024.

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Elevate-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

IPA Negotiates $21.8M Sale of Elevate Apartments in Tucson, Arizona

by Amy Works

TUSCON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Elevate, an apartment property in Tucson. Sheiner Group/Living Well Homes sold the asset to an undisclosed buyer for $21.8 million, or $151,389 per unit. Constructed in 1985, Elevate consists of six three-story buildings offering 144 units, a business center, swimming pool and fitness center. Apartments feature private balconies or patios, oversized/walk-in closets and all-electric kitchens. Clint Wadlund, Hamid Panahi, Steve Gebing, Cliff David and Lane Schwartz of Marcus & Millichap represented the seller and procured the buyer in the deal.

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13955-Stowe-Dr-Poway-CA
AcquisitionsCaliforniaIndustrialWestern

Stos Partners Sells 37,530 SF Industrial Facility in Poway, California

by Amy Works

POWAY, CALIF. — Stos Partners has completed the disposition of a corporate headquarters and manufacturing building located at 13955 Stowe Drive in Poway. A private buyer acquired the asset for $13.9 million. Automation NTH, an automated manufacturing systems company, leases the 37,530-square-foot facility, which was built in 1999 and underwent renovations earlier this year. The building features two dock-high and two grade-level loading doors, 24-foot warehouse ceilings, an 88-stall parking lot, 800 to 1,600 amps of power and a 3,000-square-foot wet fire suppression system. Recent renovations include a new roof, HVAC system replacement within the warehouse, interior upgrades and exterior improvements to the parking lot and landscape. James Duncan and Mickey Morera of Kidder Mathews represented the seller, while Rusty Williams and Chris Roth of Lee & Associates represented the buyer in the deal.

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Chino-Village-Chino-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Arranges $8.4M Sale of Chino Village Shopping Center in Southern California

by Amy Works

CHINO, CALIF. — Progressive Real Estate Partners has brokered the sale of Chino Village, a neighborhood retail center at 4103 Riverside Drive in Chino. An Orange County-based seller sold the asset to a Los Angeles-based private investor for $8.4 million. The purchase included the retail center and approximately 2.5 acres of undeveloped land with flexible zoning. Built in 1984, Chino Village features 20,600 square feet of retail space with more than 380 feet of frontage along multiple points of access. Current tenants include Jiffy Lube, Subway, Wienershnitzel and a variety of daily needs services. Mike Lin of Progressive Real Estate represented the seller in the transaction.

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Sunridge-II-Wilmer
AcquisitionsIndustrialTexas

Cohen Asset Management Buys 698,880 SF Industrial Facility in Wilmer, Texas

by Taylor Williams

WILMER, TEXAS — Southern California-based investment firm Cohen Asset Management has purchased Sunridge II, a 698,880-square-foot industrial facility located in the southern Dallas suburb of Wilmer. The cross-dock building was delivered in 2022 and is located off I-45 within one mile of the Union Pacific Intermodal Terminal. Building features include 40-foot clear heights, 138 dock doors, four drive-in ramps, an ESFR sprinkler system and 10,000 square feet of office space. Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber of CBRE represented the seller, Indianapolis-based Scannell Properties, in the transaction. The sales price was not disclosed.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Arranges Sales of Three San Antonio Self-Storage Facilities Totaling 650 Units

by Taylor Williams

SAN ANTONIO — Marcus & Millichap has arranged the sales of three self-storage facilities in San Antonio totaling 89,815 net rentable square feet across 650 units. The properties include Comal Ridge Self Storage, located at 23995 Bat Cave Road; Garden Ridge Self Storage, located at 22480 FM 3009; and Palo Alto Self Storage, located at 9018 Poteet Jourdanton Freeway Access Road. Jon Danklefs of Marcus & Millichap represented the three limited liability companies that sold the assets in the transactions. Each facility was purchased by a different buyer, with all parties requesting anonymity.

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