VISTA, CALIF. — Gildred Cos. has purchased La Mirada Business Park, a multi-tenant industrial property in Vista, from Catesgarb Holdings for $16.1 million. Williams Roth Group of Lee & Associates represented the buyer, while the team, alongside Jeffrey Bethel of Lee & Associates, represented the seller in the off-market acquisition. Located at 975 and 985 Poinsettia Ave. and 2835 La Mirada Drive, La Mirada Business Park features 76,391 square feet across 4.4 acres. The fully occupied park is divided into six suites ranging from 6,766 to 22,054 square feet, with grade-level loading throughout.
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APEX, RALEIGH AND WILMINGTON, N.C. — BWE Investment Sales has brokered the $349.9 million sale of the Cambridge Village Portfolio, a three-property independent living portfolio in Apex, Raleigh and Wilmington. The portfolio comprises Cambridge Village of Apex, a 219-unit community in Apex; The Cambridge at Brier Creek, a 195-unit community in Raleigh; and Cambridge Village of Wilmington, a 222-unit community in Wilmington. In addition, the acquisition includes entitled land parcels adjacent to the Apex and Brier Creek communities. Miami Beach, Fla.-based Starwood Capital Group purchased Cambridge Village of Apex and The Cambridge at Brier Creek senior living communities for a combined $209 million, according to the Triangle Business Journal. The firm also acquired Cambridge Village of Wilmington for $140.9 million. Oliver Development built the three communities, which were constructed between 2010 and 2022 and are operated by Cambridge Village Senior Living. Each campus features resort-style amenities including fitness centers with instructor-led programming, heated indoor pools, a full-service salon and spa, restaurant-style dining, movie theaters, libraries and landscaped outdoor gathering areas.
FORT VALLEY, GA. — Blue Bird Corp., an American manufacturer of school buses and alternative-fuel student transportation, plans to invest an estimated $300 million to expand its manufacturing operations in Fort Valley, about 27 miles southwest of Macon, Ga. The new 1 million-square-foot facility is expected to create 375 new jobs over the next three years. Blue Bird will convert a former manufacturing site for diesel-powered motorhomes located at 401 Wanderlodge Way into a new facility to build buses of all powertrains. The facility will produce Type C school buses — i.e. the classic, “conventional” yellow school buses — which will include diesel, gasoline, propane and electric-powered models. Construction is expected to begin in the first quarter of 2027. Civic support for Blue Bird’s investment includes the Development Authority of Peach County, Georgia Quick Start and the Georgia Department of Economic Development’s (GDEcD) Global Commerce team.
SRS Arranges $133M Sale of Central Florida Industrial Property Occupied by Sherwin-Williams
by Abby Cox
WINTER HAVEN, FLA. — SRS Real Estate Partners has arranged the $133 million sale of a 685,000-square-foot, single-tenant industrial property in Winter Haven occupied by Sherwin-Willaims. Situated on nearly 40 acres about 46 miles south of Orlando, the property serves as a major distribution center for Sherwin-Williams, which operates on a corporate-guaranteed triple-net lease with a new long-term extension option. Sherwin-Williams uses the property for the storage and distribution of paint and related products. John Redfield of SRS represented the seller, a New Jersey-based private owner. Matthew Mousavi and Patrick Luther, also with SRS, represented the buyer, an East Coast-based, family-owned company with interests in real estate and agriculture. Both parties requested anonymity. SRS also managed the multi-loan financing strategy for the property. Originally constructed in 1992, the industrial property underwent a significant expansion this year, adding new buildings and office space to enhance the facility’s operational capacity.
GREENVILLE, S.C. — Insite Properties has acquired Pelham @ Hyland, a four-building small bay/flex portfolio located along the I-85 corridor in Greenville. Trinity Partners represented the undisclosed buyer, while BWE’s Charlotte office supported the buyer for capital sourcing. CBRE represented the undisclosed seller in the transaction. The sales price was also not disclosed. Trinity Partners will handle leasing for the property, and Insite will provide property management services. Insite is planning a capital improvement program for the 120,000-square-foot property, which includes parking lot and landscaping upgrades, new signage and branding, additional dock and roll-up doors and the addition of spec suites.
CentrePoint Properties Divests of 52,743 SF Mixed-Use Property in Wheat Ridge, Colorado
by Amy Works
WHEAT RIDGE, COLO. — CentrePoint Properties has completed the sale of Wilmore Center, a mixed-use property in Wheat Ridge, to HCA HealthONE for $14.5 million. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Situated on 5 acres at 7615 W. 38th Ave., Wilmore Center comprises two single-story multi-tenant buildings offering a total of 52,743 square feet of mixed-use space and 236 parking spaces. At the time of sale, the asset was 84 percent occupied by 15 tenants. The tenant mix includes retail, food and medical, with 68 percent of the leased area occupied by medical-related tenants.
WEST JEFFERSON, OHIO — Ambrose has broken ground on Building II of the Columbus Logistics Park – West, a 169-acre, three-building logistics park in West Jefferson, 20 miles west of downtown Columbus. Building II will offer more than 1 million square feet of space for lease, including a 2,800-square-foot office area. The spec property will feature a clear height of 40 feet, 110 docks, two 4,000-amp panel services and ample auto and trailer parking. The building will offer a minimum divisibility of 531,000 square feet. Substantial completion is slated for fall 2027. ARCO is the general contractor, and ATA Architects provided design services. The Columbus-based Colliers team is handling leasing and marketing for the project. Ambrose partnered with Bank OZK on the construction loan. Building I within the park was completed in 2022. The 715,000-square-foot building is fully leased to GXO and FST Logistics.
EDWARDSVILLE, ILL. — Thyssenkrupp Supply Chain Services has signed a 769,000-square-foot industrial lease renewal and expansion at Lakeview V in Edwardsville near St. Louis. The transaction includes a three-year renewal of 600,000 square feet along with a 169,500-square-foot expansion. The tenant will now occupy the entire building. Peter J. Kepic and Peter E. Kepic of Colliers | Detroit represented Thyssenkrupp, with referral support from Dan Bamberger, Dan Lesinski and Billy Spence of Colliers | St. Louis. Thyssenkrupp originally leased space in the property in late 2024 following the closure of the former FedEx warehouse.
WHEATON, ILL. — Mid-America Real Estate Corp. has arranged the sale of Rice Lake Square, a grocery-anchored shopping center in Wheaton, a western suburb of Chicago. Pete’s Fresh Market anchors the 244,924-square-foot center. Additional tenants include PetSmart, Massage Envy, Pure Barre, Xfinity, Potbelly, 7Brew and Taco Bell. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Core Acquisitions. Phillips Edison Co. was the buyer.
CHICAGO — Greenstone Partners has brokered the $4.1 million sale of a 10,600-square-foot, two-level retail condominium in Chicago’s Wicker Park neighborhood that is fully leased to Urban Outfitters. Danny Spitz and Brewster Hague of Greenstone represented the seller, Newcastle Investors. Spitz also brokered Newcastle’s acquisition of the property in 2013. Urban Outfitters has occupied the asset since 2005. The tenant completed an early extension of its lease, which now runs through January 2034.