Sunday, April 5, 2026
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Valley-Research-Center-San-Jose-CA
AcquisitionsCaliforniaIndustrialWestern

WF Batton Management Buys 129,024 SF Valley Research Center in San Jose for $41.5M

by Amy Works

SAN JOSE, CALIF. — WF Batton Management Co. has acquired Valley Research Center, a R&D campus in North San Jose, for $41.5 million. The name of the seller was not released. Joe Moriarty, Scott Prosser and Jack DePuy of CBRE Capital Markets represented the seller in the transaction. Valley Research Center comprises two 64,512-square-foot buildings, which were renovated in the last two years with a new lobby, collaborative work areas, fitness center and outdoor recreational areas. Harmonic Inc. fully occupies the building at 2590 Orchard Parkway and FIT Electronics (Foxconn) leases 26 percent of 2580 Orchard Parkway.

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Silverbell-Plaza-Tucson-AZ
AcquisitionsArizonaRetailWestern

SRS Real Estate Brokers $22M Sale of Silverbell Plaza Retail Center in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — SRS Real Estate Partners has arranged the sale of Silverbell Plaza, a shopping center located at 2480-2500 N. Silverbell Road and 2106-2180 W. Grant Road in Tucson. An Arizona-based private investor sold the asset to a Washington-based private investor in a 1031 exchange for $22 million. Situated on 8.4 acres, Silverbell Plaza features 97,540 square feet of retail space. At the time of sale, the property was 97 percent leased. Current tenants include Walgreens, Safeway, Anytime Fitness, Leslie’s Poolmart, PNC Bank, Wingstop, H&R Block and 14 other local, regional and national businesses. John Redfield and Alan Houston of SRS represented the seller, while Gary Gallelli Jr. and Adam Rainey of Gallelli Real Estate represented the buyer in the transaction.

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1754-N-Livermore-Ave-Livermore-CA
AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

Hanley Investment Group Negotiates $10.4M Sale of Chick-fil-A-Occupied Restaurant in Livermore, California

by Amy Works

LIVERMORE, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant restaurant property located at 1754 N. Livermore Ave. in Livermore. Meridian sold the property to an Alameda County-based buyer in a 1031 exchange for $10.4 million. Chick-fil-A occupies the 4,821-square-foot, built-to-suit property on a 20-year initial net lease term. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller in the deal.

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111-Soledad-St.-San-Antonio
DevelopmentHospitalityTexas

Winston Hotels Completes 343-Room Adaptive Reuse Project in San Antonio

by Taylor Williams

SAN ANTONIO — Winston Hotels, a North Carolina-based owner-operator, has completed an adaptive reuse project in San Antonio’s RiverWalk area. The project converted a former office building at 111 Soledad St. into a dual-branded hotel with 343 rooms across the Element by Westin (162 rooms) and AC by Marriott (181 rooms) brands. Guests at both hotels will have access to a fitness center, business center, 4,000 square feet of meeting and event space and a rooftop bar and lounge.

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Renton-Logistics-Center-Renton-WA
AcquisitionsIndustrialWashingtonWestern

Clarion Partners Sells 459,349 SF Renton Logistics Center in Washington

by Amy Works

RENTON, WASH. — Clarion Partners has completed the disposition of Renton Logistics Center, a Class A industrial building located at 2501 E. Valley Road in Renton. An institutional buyer acquired the asset for an undisclosed price. Brett Hartzell and Paige Morgan of CBRE National Partners in the Pacific Northwest represented the seller in the deal. Built in 1996, the 459,349-square-foot, cross-dock facility features 30-foot clear heights, 75 dock-high doors, trailer parking, heavy power, recent upgrades to ESFR and energy-efficient lighting. At the time of sale, three tenants fully leased the property: Graybar, Swire Coca-Cola and Sealed Air.

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2717-S-Copper-Passage-Steamboat-Springs-CO
AcquisitionsColoradoIndustrialNet LeaseOfficeWestern

Blue West Capital Arranges $5M Sale of FedEx-Occupied Building in Steamboat Springs, Colorado

by Amy Works

STEAMBOAT SPRINGS, COLO. — Blue West Capital has brokered the sale of a single-tenant property located at 2717 S. Copper Passage in Steamboat Springs. A Colorado-based private investor sold the asset to a Denver-based buyer for $5 million in an all-cash transaction. FedEx has operated at the property since 2000 and recently signed a long-term, net-lease extension. Brandon Gayeski of Blue West Capital represented the seller in the deal.

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DevelopmentIndustrialTexas

Box Investment Group to Develop 156,090 SF Industrial Project in Denton

by Taylor Williams

DENTON, TEXAS — Dallas-based developer Box Investment Group will build M380 Business Park, a 156,090-square-foot industrial project in the North Texas city of Denton. The site is located at the corner of North Masch Branch Road and State Highway 380 and will house four freestanding buildings that can be marketed to users with a variety of square footage requirements. Construction is scheduled to begin early next year and to be complete in the first quarter of 2024.

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IndustrialLeasing ActivityTexas

Partners Negotiates 112,935 SF Industrial Lease in Schertz, Texas

by Taylor Williams

SCHERTZ, TEXAS — Partners, the Houston-based investment and brokerage firm formerly known as NAI Partners, has negotiated a 112,935-square-foot industrial lease at Doerr Lane Logistics Center in the northeastern San Antonio suburb of Schertz. John Colglazier, Kyle Kennan and Carlos Marquez of Partners represented the landlord, an entity doing business as Baltisse-Ackerman Schertz LLP, in the lease negotiations. Brad Hanagan of ATCAP Partners represented the tenant, MEI Rigging & Crating LLC. The property, which is under construction and slated for a February 2023 delivery, is now 75 percent preleased.

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50-Robert-Milligan-Parkway-Merrimack-New-Hampshire
DevelopmentIndustrialNew HampshireNortheast

Trammell Crow, Diamond Realty to Develop 323,750 SF Industrial Project in New Hampshire

by Taylor Williams

MERRIMACK, N.H. — A partnership between Dallas-based Trammell Crow Co. and Diamond Realty Investments will develop a 323,750-square-foot industrial project in Merrimack, located in the southern part of the Granite State. The site at 50 Robert Milligan Parkway spans 43 acres. Building features will include a clear height of 36 feet, 53 dock-high doors, an ESFR sprinkler system and 2,000 square feet of office space. Macgregor Associates designed the project, and RC Anderson and Bohler are serving as the general contractor and civil engineer, respectively. Santander Bank provided construction financing, and CBRE is the leasing agent. Completion is slated for the fourth quarter of 2023.

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DevelopmentMultifamilyNew JerseyNortheast

Prism Capital Begins Leasing 252-Unit Multifamily Project in Dunellen, New Jersey

by Taylor Williams

DUNELLEN, N.J. — Locally based developer Prism Capital Partners has begun leasing The Nell, a 252-unit multifamily project in the Central New Jersey community of Dunellen. Designed by Spiezle Architectural Group, the transit-oriented property offers one- and two-bedroom units and includes 3,700 square feet of retail space. The amenity package comprises a pool, fitness center, resident lounge, community kitchen, meeting rooms, an outdoor bar with TVs and grilling and dining areas. Rents start at $2,140 per month for a one-bedroom apartment.

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