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Jack-in-the-Box-Del-Taco-San-Diego-CA.jpg
AcquisitionsCaliforniaCompany NewsRestaurantRetailWestern

Jack in the Box to Sell Del Taco Subsidiary for $115M

by Amy Works

SAN DIEGO — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The transaction is expected to close by January 2026. The company expects to use the net cash proceeds after taxes and transaction costs to retire debt within its securitization structure. In line with the company’s “Jack on Track” plan announced in April, the sale of Del Taco allows for the strengthening of the company’s balance sheet and initiates the return of Jack in the Box to a “simpler, asset-light business model,” according to a release. BofA Securities Inc. is serving as exclusive financial advisor to Jack in the Box and Sullivan & Cromwell LLP is serving as its legal counsel in the transaction. Yadav Enterprises is represented by its general counsel, Steven …

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8931-8945-Helms-Pl-Los-Angeles-CA
CaliforniaLoansMultifamilyWestern

Priority Capital Advisory Arranges $28M Construction Loan for Apartment Property in West Los Angeles

by Amy Works

LOS ANGELES — Priority Capital Advisory has arranged a $28 million loan on behalf of CityPads, a private equity fund manager and multifamily developer with operations based in Chicago and Los Angeles. The senior debt financing will be used for the development of a 92-unit multifamily property located at 8931-8945 Helms Place in West Los Angeles. Zachary Streit of Priority Capital Advisory, along with Lucas Borges of JLL, arranged the loan. The property will feature 38 studio units (33 market rate and five affordable), 53 one-bedroom units (47 market rate, six affordable) and one affordable three-bedroom unit. Building amenities will include coworking space and a lounge, private patios, onsite parking, 9- to 10-foot ceilings and a fully built-out roof deck with 360-degree views. Construction is underway for the project, which is slated for completion in late 2026.

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DevelopmentGeorgiaMixed-UseSoutheast

Atlantic Cos. to Build Hillrose Market Mixed-Use Development in Roswell, Georgia

by John Nelson

ROSWELL, GA. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury rental apartments; 16 for-sale brownstones; abundant surface and structured parking; and pedestrian access to downtown Roswell and surrounding trails. Atlantic Cos. is developing Hillrose Market in a public-private partnership with the City of Roswell. ASD | SKY is leading design efforts, and The Providence Group is developing the brownstones. Westbridge is serving as commercial consultant, advising on the adaptive reuse and retail components. New South Construction Co. is the general contractor, and Kimley-Horn is the project engineer. Crosby Design Group is leading interior design services. Construction is slated to begin next year, with completion of the first phases anticipated in 2027.

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Bon-Air-Medical-Cener-Larkpsur-CA
AcquisitionsCaliforniaHealthcareWestern

Anchor Health Properties Acquires Bon Air Medical Center in Larkspur, California for $24M

by Amy Works

LARKSPUR, CALIF. — Wareham Development Corp. has completed the sale of Bon Air Medical Center, a medical outpatient building in Larkspur, to Anchor Health Properties for $24 million. Situated on 3.6 acres at 18 Bon Air Road, Bon Air Medical Center features 27,297 square feet of multi-speciality medical outpatient space. The two single-story buildings are fully leased to MarinHealth and offer a variety of services, including cardiovascular medicine, orthopedics, imaging and spinal care. Evan Kovac, Andrew Milne, John Chun, Matt DiCesare, Anthony Sardo, Erik Hanson and Rob Hielscher of JLL represented the seller in the deal.

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10605-10635-Folsom-Blvd-Rancho-Cordova-CA
AcquisitionsCaliforniaRetailWestern

McNellis Partners Disposes of Cordova Village Retail Center in California for $20.2M

by Amy Works

RANCHO CORDOVA, CALIF. — McNellis Partners has completed the sale of Cordova Village, a grocery-anchored retail center in Rancho Cordova, to a foreign private investor for $20.2 million. Located at 10605-10635 Folsom Blvd., Cordova Village features 60,617 square feet of retail space spread across three single-tenant buildings on 7.2 acres with 705 feet of Folsom Boulevard frontage. The property is fully leased to national credit tenants, including Safeway, Safeway Fuel Center and Bank of America. Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL Capital Markets represented the seller in the deal.

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Saratoga-Storage-Lehi-UT.jpg
AcquisitionsIndustrialSelf-StorageUtahWestern

Joint Venture Sells 88,015 SF Self-Storage Facility in Lehi, Utah

by Amy Works

LEHI, UTAH — A joint venture between Gardner Group, a Salt Lake City-based full-service commercial real estate development and management company, and Management Elevated, a Utah-based self-storage third-party manager and consulting firm, has completed the sale of Saratoga Storage, a 676-unit self-storage facility in Lehi. Constructed in 2023, Saratoga Storage consists of three single-story buildings with 100 drive-up units. The property offers a gated entry with a digital keypad, a separate onsite management office in front of the entrance gate, a 24/7 video surveillance throughout the facility, asphalt driveways and units with roll-up doors. Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap represented the seller in the transaction.

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IndustrialLoansMidwestOhio

Affinius Capital Provides $76.3M Acquisition Loan for 1.3 MSF Warehouse Near Columbus

by Kristin Harlow

MARYSVILLE, OHIO — Affinius Capital LLC has provided a $76.3 million loan to finance the acquisition of Scotts Midwest Distribution Center, a 1.3 million-square-foot warehouse and distribution facility in the Columbus suburb of Marysville. Ryan Kieser of CBRE arranged the loan on behalf of the borrower, Sculptor Real Estate. Developed in 2023 by Crawford Hoying as a build-to-suit for The Scotts Co., the property features cross-dock configuration, a clear height of 40 feet, 120 dock doors, four drive-in doors and 388 parking spaces. The facility is leased to The Scotts Co., a subsidiary of The Scotts Miracle-Gro. The property serves as the primary distribution hub for the tenant and is located less than two miles from its main manufacturing facility and global headquarters.

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AcquisitionsIllinoisIndustrialMidwest

JLL Brokers Sale of 537,681 SF Industrial Portfolio in Metro Chicago

by Kristin Harlow

CHICAGO — JLL Capital Markets has brokered the sale of a three-building industrial portfolio totaling 537,681 square feet across DuPage County. The infill properties provide direct access to I-290 and proximity to the O’Hare International Airport. Kurt Sarbaugh, Sean Devaney, Ed Halaburt, Ross Bratcher and Cameron Chandra of JLL represented the undisclosed seller. The buyer was High Street Logistics Properties.

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AcquisitionsIndustrialMidwestOhio

CBRE Arranges $18.7M Sale of Two Industrial Properties in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — CBRE has arranged the sale of two industrial buildings totaling 86,389 square feet in Columbus for $18.7 million. The properties are fully leased to nine tenants and feature clear heights of 22 feet. CBRE’s Kevin Foley, Austin Wolitarsky, Matt Harris and Matt Pourcho represented the buyer, a high-net-worth 1031 exchange investor from California. Tenby Partners was the seller.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Negotiates Sales of Two Chicago Apartment Buildings Totaling $6.7M

by Kristin Harlow

CHICAGO — Interra Realty has negotiated the sales of two Chicago apartment buildings for a combined $6.7 million. The 24-unit property at 4954 N. Christiana Ave. in the Albany Park neighborhood sold for $4.5 million, and the 10-unit building at 4321-23 N. Tripp Ave. in the Old Irving Park neighborhood traded for $2.2 million. Craig Martin of Interra represented the seller, HP Ventures Group, in both transactions. Martin also represented the buyers, Eloy Burciaga and John Krumsee, respectively. Both assets were fully occupied at the time of sale and underwent renovations approximately 15 years ago.

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