Property Type

NAI Capital Negotiates $5.1M Sale of Assisted Living Site Slated for Adaptive Reuse in Pasadena

by Amy Works July 10, 2025

PASADENA, CALIF. — NAI Capital Commercial has arranged the sale of a former assisted living facility located at 1450 N. Fair Oaks Ave. in Pasadena. Agri Capital sold the asset to 1450 N Fair Oaks LLC for $5.1 million, or $180 per square foot of building area and $147 per square foot of land. Stephen Lam, Guillermo Olaiz and John Archibald of NAI Capital represented the seller in the deal. The 28,512-square-foot, 42-unit former nursing facility is situated on a 34,980-square-foot lot and was vacant at the time of sale. The owner plans to repurpose the building as a temporary housing facility focused on mental health support and substance use prevention.

July 10, 2025

Acquisitions North Carolina Retail Southeast

Marcus & Millichap Brokers $2M Sale of Retail Property in Franklin, North Carolina Leased to Aspen Dental

by John Nelson July 10, 2025

FRANKLIN, N.C. — Marcus & Millichap has brokered the nearly $2 million sale of a single-tenant retail property located at 1370 Siler Road in Franklin, a city in western North Carolina near the Georgia border. Built in 2022 and shadow-anchored by Walmart, the property is net-leased to Aspen Dental, which is occupying the store on a 10-year corporate lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller in the transaction. Kevin Smith Sr. and Brandon Sherrill of Marcus & Millichap represented the buyer. Both parties are privately based real estate investors that requested anonymity. Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina, assisted in the sale. “This transaction highlights continued investor confidence in essential healthcare retail, particularly in premier tertiary markets like Franklin,” says McMinn. “Net-leased dental assets with strong corporate backing remain highly sought after, even as broader market dynamics evolve.”

July 10, 2025

Acquisitions Colorado Industrial Western

Malman Real Estate Arranges $2.1M Sale of Industrial Facility in Denver

by Amy Works July 10, 2025

DENVER — Malman Real Estate has arranged the purchase of a 6,400-square-foot industrial building located at 3645 Brighton Blvd. in Denver. ARN Land Co LLC acquired the asset from 3645 Brighton LLC for $2.1 million. Jake Malman of Malman Real Estate represented the buyer, while Dallas Landry of LC Real Estate Group, along with Jerry Graham and Jamie Dilts of Coldwell Banker Realty, represented the seller in the transaction.

July 10, 2025

Acquisitions California Restaurant Retail Western

CBRE Brokers $1.7M Sale of Starbucks-Occupied Retail Property in San Diego

by Amy Works July 10, 2025

SAN DIEGO — CBRE has arranged the sale of a retail property located at 3352 Adams Ave. in San Diego. Corner Properties sold the asset to 3352 Adams LLC for $1.7 million. The 1,730-square-foot property features a long-term, triple-net lease with Starbucks Coffee. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, while Andrew Slade of CIRE Partners represented the buyer in the deal.

July 10, 2025

Acquisitions Midwest Multifamily Ohio

Abide Capital, MCB Acquire Harlow on Main Apartment Complex in Columbus for $16.5M

by Kristin Harlow July 10, 2025

COLUMBUS, OHIO — Abide Capital Group and joint venture partner MCB Real Estate have acquired Harlow on Main, a 120-unit apartment complex in downtown Columbus, for $16.5 million. Purpose-built for working professionals and recent graduates, the property at 195 E. Main St. in the Civic Center District was completed in 2020. At the time of sale, Harlow on Main was more than 86 percent leased. The asset features 7,000 square feet of ground-floor retail space, structured parking and an amenity suite. WesBanco provided acquisition financing. Newmark marketed the property for sale on behalf of the undisclosed seller.

July 10, 2025

Development Industrial Midwest Minnesota

EGA Spectro Alloys Begins Production at 90,000 SF Aluminum Recycling Facility in Minnesota

by Kristin Harlow July 10, 2025

ROSEMOUNT, MINN. — EGA Spectro Alloys, a Midwest-based producer of recycled aluminum alloys, has begun production at its aluminum recycling expansion project in Rosemount. The 90,000-square-foot facility will produce up to 120 million pounds per year of recycled aluminum billets from scrap aluminum. The expansion will add up to 50 full-time jobs once the facility reaches full production capacity in the first quarter of 2026. Aluminum billet, logs of aluminum up to 25 feet long, is used as raw material for extruders, which turn it into products like railings, window and door trim, and structural components for cars, boats, airplanes, trailers and docks. Recycling aluminum requires 95 percent less electricity than producing new aluminum and generates a fraction of the greenhouse gas emissions. Metal from the facility will be sold under EGA’s recycled product brand RevivAL, a nod to the company’s 52-year history of giving used aluminum new life. The facility also features a new laboratory.

July 10, 2025

Acquisitions Illinois Midwest Multifamily

Interra Realty Arranges $10.7M Sale of Apartment Building in Chicago’s Lincoln Park

by Kristin Harlow July 10, 2025

CHICAGO — Interra Realty has arranged the $10.7 million sale of a 22-unit apartment building located at 811 W. Lill Ave. in Chicago’s Lincoln Park neighborhood. The vintage asset features four one-bedroom, 12 two-bedroom and six three-bedroom units. Floor plans average 1,078 square feet. Constructed in 1901, the property has been recently updated with new finishes as well as in-unit laundry and individual HVAC. Brad Feldman of Interra represented the buyer, a Chicago-based private investor. Joe Smazal of Interra represented the seller, a local private investor and developer.

July 10, 2025

Acquisitions Illinois Midwest Retail

Mid-America Brokers Sale of 67,146 SF Retail Center in Oak Brook, Illinois

by Kristin Harlow July 10, 2025

OAK BROOK, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Oaks of Oak Brook, a 67,146-square-foot retail center in the Chicago suburb of Oak Brook. The property was 98 percent leased at the time of sale to tenants such as Athletico, Activate Games, NxStage Kidney Care, Blackberry Market, Erik’s Bike Board & Ski and OrthoLazer. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Newport Capital Partners. The asset sold to a private buyer.

July 10, 2025

Leasing Activity New York Northeast Office

TickPick Signs 17,000 SF Office Headquarters Lease at One Penn Plaza in Midtown Manhattan

by Taylor Williams July 10, 2025

NEW YORK CITY — TickPick, an online platform for buying and selling of fee-free event tickets, has signed a 17,000-square-foot office headquarters lease at One Penn Plaza in Midtown Manhattan. Alec Kirschner of Vestian, a global brokerage firm specializing in tenant representation, represented TickPick in the lease negotiations. Vornado Realty Trust owns the building and was self-represented.

July 10, 2025

Leasing Activity Michigan Midwest Retail

SweatHouz Signs Retail Leases to Open Two New Locations in Michigan

by Kristin Harlow July 10, 2025

ANN ARBOR AND ROCHESTER HILLS, MICH. — SweatHouz has signed retail leases to open new locations in Ann Arbor and Rochester Hills. SweatHouz is a chain of studios that offers infrared saunas, cold plunges and other wellness services. Jason and Amy Hanley are the area developers for SweatHouz in Michigan and have signed on to open 17 locations across the state. SweatHouz currently has 50 locations open and operating across the country and another 50 in permitting or construction phases. The Ann Arbor facility will total 2,628 square feet at 3143 Ann Arbor Saline Road, and the Rochester Hills location will span 2,130 square feet at 1495 N. Rochester Road. Both will serve as outparcels to Meijer stores. The tenant group also owns six Orange Theory locations in Michigan. Norman Abro of Keystone Commercial Real Estate brokered the leases.

July 10, 2025

Newer Posts

Older Posts