AVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on a 38-acre site in Avondale for the development of Avondale Tech Center, a Class A industrial campus. Construction is slated to begin this summer. LGE Design Build will serve as both architect and general contractor for the project. Riley Gilbert, John Lydon and Kelly Royle of JLL will handle leasing for the asset. Located at the northwest corner of 117th Avenue and Corporate Drive, Avondale Tech Center will consist of three buildings ranging from 212,184 square feet to 254,264 square feet. Each building is designed to accommodate the operational needs of modern industrial users, including advanced manufacturing, research and development and assembly operations. The buildings will feature 36-foot clear heights, seven-inch unreinforced slab floors, 60 mil white TPO roofing with R30 insulation and 3,000-amp, 480-volt three-phase power expandable to 6,000 amps. The properties will incorporate critical FM Global features, including a steel roof and an upgraded K-25 ESFR sprinkler system. The campus will also include four electric vehicle chargers with eight charging stalls per building and a fully gated secure site. Avondale Tech Center will offer tenant-focused outdoor amenities, including dedicated …
Property Type
Progressive Real Estate Partners Brokers $2.9M Sale of Armstrong Building in Pomona, California
by Amy Works
POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.
LAKEWOOD, OHIO — Cross Street has begun leasing, marketing and property management services for Westline, a two-building apartment community located at 16000 Detroit Ave. in Lakewood, a suburb of Cleveland. Resident move-ins at the property, which is 20 percent preleased, will begin in late April. Westline features 124 units starting at $1,695 per month. Amenities include a fitness center, resident lounge, package services and bike storage. Reserved parking is available in the attached garage.
NAPERVILLE, ILL. — The Boulder Group has arranged the $3.5 million sale of a single-tenant retail property net leased to Staples in Naperville within metro Chicago. The 22,888-square-foot building is situated on 2.4 acres. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a real estate investment firm. The buyer was a Southeast-based investment company. The Staples lease expires on March 31, 2032. The tenant has operated at the location since 2006.
TWINSBURG, OHIO — NAI Pleasant Valley has brokered the sale of a 50,000-square-foot industrial building in Twinsburg, located midway between Akron and Cleveland. The sale of the property at 2300 E. Enterprise Parkway follows the earlier sale of the sister property at 2377 E. Enterprise Parkway in late 2025. Both buildings sold to separate investment buyers, with Keltec Technolab remaining as the tenant in both properties. Both transactions achieved near-asking prices and reflected cap rates slightly under 8 percent. Bob and Scott Raskow of NAI Pleasant Valley were the brokers.
WACONIA, MINN. — Kraus-Anderson has completed an interior and exterior remodel of Lakeview Clinic in Waconia, about 35 miles southwest of Minneapolis. Designed by DSGW Architecture, the project includes a 10,000-square-foot renovation. Key updates included relocating the main entrance; phased enhancements to the waiting areas and registration desk; and the expansion and renovation of the OB/GYN and podiatry clinics as well as the optical shop. The project also added new patient parking, including handicap stalls directly adjacent to the new entrance. Lakeview Clinic is an independent, physician-owned multispecialty group that has served the area for 70 years. Lakeview also operates clinics in Chaska, Norwood and Watertown.
MARLTON, N.J. — Colliers has brokered the sale of a portfolio of six office buildings totaling approximately 160,000 square feet in the Southern New Jersey community of Marlton. The portfolio comprises two single-story buildings totaling 33,317 square feet at 1 and 3 Eves Drive, as well as Evesham Corporate Center, a 14.2-acre development that houses 133,822 square feet of office space across four buildings. The Eves Drive buildings were fully leased at the time of sale, while Evesham Corporate Center was roughly 65 percent leased at the time of sale. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers brokered the deal. The buyer and seller were not disclosed.
AVON, MASS. — JLL has arranged a $15.1 million acquisition loan for a portfolio of two industrial buildings totaling 129,380 square feet in Avon, located south of Boston. The buildings at 20 and 40 Ledin Drive are situated on a combined 6.6 acres within Avon Industrial Park and feature clear heights of 17 and 32 feet. At the time of sale, both buildings were fully leased to Waste Management. Amy Lousararian and Anthony Nakhle of JLL arranged the five-year, fixed-rate loan through M&T Bank on behalf of the borrower, Vigilant Real Estate Holdings.
HOLBROOK, N.Y. — Whole Foods Market has opened a 43,000-square-foot store in the Long Island community of Holbrook. The store is located within The Shops at SunVet, which is a redevelopment of a former 280,000-square-foot mall. The store, which is the eighth on Long Island for the Austin-based grocer, offers a full-service meat and seafood counter, a prepared foods section, artisanal foods section, wellness and beauty department and a selection of nearly 300 craft beers.
NEW YORK CITY — Turner & Townsend has signed a 24,394-square-foot office lease in Midtown Manhattan. The professional services company has committed to the sixth floor of 100 Park Avenue, a 36-story, 905,000-square-foot building, on a 12-year term. Mary Ann Tighe, Stephen Eynon and Alessia Lawson of CBRE represented the tenant in the lease negotiations. Harry Blair, Barry Zeller, Justin Royce and Pierce Hance of Cushman & Wakefield represented the landlord, SL Green. The building is now fully leased.