Property Type

Newmark Brokers Sale of 218,648 SF Birch Commerce Center in Brea, California

by Amy Works March 13, 2025

BREA, CALIF. — Newmark has negotiated the sale of Birch Commerce Center, a Class A distribution facility in Brea. Terms of the transaction were not released. Built in 2016, the 218,648-square-foot facility is fully leased to two tenants. Birch Commerce Center offers a clear height of 32 feet, 21 dock-high loading doors, ESFR sprinklers and a fully fenced concrete truck court. The property offers proximity to SR-57, SR-91, SR-60, SR-22 and Interstate 5. Bret Hardy, Jim Linn, Andrew Briner, Aaron Banks and Kevin Shannon of Newmark represented the undisclosed institutional seller in the deal. Jeff Read, Scott Read and Greg Osborne of Newmark are serving as leasing agents for the property.

March 13, 2025

Acquisitions Florida Healthcare Mixed-Use Restaurant Retail Southeast

Marcus & Millichap Brokers $11.3M Sale of Mixed-Use Property in Clermont, Florida

by John Nelson March 13, 2025

CLERMONT, FLA. — Marcus & Millichap has brokered the $11.3 million sale of Legends Pointe, a two-building mixed-use retail and medical office property located in Clermont, approximately 22 miles west of Orlando. Originally built in 2006, the recently renovated property is situated on 4.3 acres and totals 47,418 square feet. Legends Pointe comprises 18 office suites and 10 retail units. Yassin Benkabbou and Salim Valiani of Marcus & Millichap’s Orlando office represented the seller, a local limited liability company, in the transaction.

March 13, 2025

Acquisitions California Retail Western

Westar Associates Sells 96,380 SF Foothill Park Plaza in Monrovia, California

by Amy Works March 13, 2025

MONROVIA, CALIF. — Newport Beach, Calif.-based Westar Associates has completed the disposition of Foothill Park Plaza, a neighborhood shopping center in Monrovia, to Phillips Edison & Co. for an undisclosed price. Developed in 1985, the 96,390-square-foot center is occupied by Vons, Chase Bank, Wendy’s, Blaze Pizza, Baskin Robbins and See’s Candies. Pete Bethea, Rob Ippolito and Glen Rudy of Newmark represented the seller, which has owned, leased and managed the property for the last 40 years through its affiliated companies.

March 13, 2025

Acquisitions Colorado Mixed-Use Office Restaurant Retail Western

Revitalization Unlimited Acquires 34,160 SF Mixed-Use DeGraff Building in Colorado Springs

by Amy Works March 13, 2025

COLORADO SPRINGS, COLO. — Revitalization Unlimited has purchased The DeGraff Building, a mixed-use property at 118 N. Tejon St. in Colorado Springs. Terms of the transaction were not released. The four-story, 34,160-square-foot building features 18 rental units, 16 of which are currently leased. For the past decade, Oskar Blues Grill & Brew has occupied the first floor and basement, while the upper floors are used as office space. Built in 1897, The DeGraff Building is listed on the National Register of Historic Places.

March 13, 2025

Acquisitions California Industrial Western

BLT Enterprises Divests of Industrial Building in Los Angeles to Expo Flooring for $4.7M

by Amy Works March 13, 2025

LOS ANGELES — BLT Enterprises has completed the off-market sale of an industrial warehouse to its long-time tenant, Expo Flooring, for $4.7 million. Located at 1933 Alameda St., the 15,836-square-foot warehouse is situated on 23,295 square feet of land in Central Los Angeles, just off Interstate 10. Through its ownership, BLT implemented a series of improvements to the property, including replacing the roof in 2015. BLT initially purchased the property in 2006.

March 13, 2025

Georgia Leasing Activity Mixed-Use Office Southeast

Selig Brings 125,000 SF Office Space at The Works in Atlanta to Full Occupancy

by John Nelson March 13, 2025

ATLANTA — Selig Enterprises has announced that Phase I of the office space at The Works, the developer’s 80-acre mixed-use development on Atlanta’s Upper Westside neighborhood, is now fully leased. New tenants joining the 125,000-square-foot office component include Babbit Bodner (communications and marketing); City of Atlanta (public safety); Google Fiber; Interior Environments (office furniture dealer and interior designer); and Narrative Content Group (advertising, branding and website design). Existing tenants include Uppercut (creative editorial shop); MacDermid Graphic Solutions (a photopolymer plate manufacturer); iHeart Media (radio conglomerate); and Atlanta Eats (local food-driven media company). Atlanta-based Selig Enterprises owns The Works and handles the project’s office leasing internally.

March 13, 2025

Development Illinois Industrial Midwest

Contegra Underway on 933,656 SF Distribution Center at Gateway Tradeport in Metro St. Louis

by Kristin Harlow March 13, 2025

PONTOON BEACH, ILL. — Contegra Construction Co. is underway on a 933,656-square-foot distribution center at Gateway Tradeport in Pontoon Beach, a northeast suburb of St. Louis. Completion is slated for spring 2026. Developed by NorthPoint Development, the project marks the fifth distribution center built by Contegra at the 600-acre master-planned Gateway Tradeport. The industrial development debuted in 2019 and will host more than 3.6 million square feet of space once Contegra’s latest project is completed. The newest addition is a build-to-suit called Gateway Tradeport VI. Located on a 104-acre site, Gateway Tradeport VI will feature a clear height of 36 feet, 175 dock doors, 830 trailer parking spaces and 985 car parking spaces. There will also be a 19,928-square-foot mezzanine and nearly 54,000 square feet of finished space with offices, breakrooms and restrooms.

March 13, 2025

Development Illinois Industrial Midwest

Sterling Bay, Affinius Capital Deliver Pulaski 55 Logistics Center in Chicago

by Kristin Harlow March 13, 2025

CHICAGO — Sterling Bay and Affinius Capital have completed Pulaski 55 Logistics Center, an industrial facility located at 4510 W. Ann Lurie Place in Chicago’s Archer Heights neighborhood. The 147,500-square-foot property is situated within Crawford Industrial Park with convenient access to I-55, I-94 and downtown Chicago. The project is located in an Enterprise Zone with an approved 6B real estate tax incentive, providing financial relief for future tenants. Pulaski 55 Logistics Center features 10 loading docks, 102 car parking spaces and adjacent retail options. The project is certified LEED Silver. Colliers is handling leasing efforts for the property.

March 13, 2025

Leasing Activity Midwest Missouri Retail

Block & Co. Completes Lease-Up of Crossroads Shopping Center in Liberty, Missouri

by Kristin Harlow March 13, 2025

LIBERTY, MO. — Block & Co. Inc. Realtors has completed the lease-up of Crossroads Shopping Center in the Kansas City suburb of Liberty. The most recent lease transactions were with Total Wireless and Frame It. Additional tenants include Savers, Curves, Sugar Kittens Cat Café & Cattery, Palen Music Center, Dollar General, Pizza Hut and Mi Hacienda. Daniel Brocato and Phil Peck of Block & Co. are the leasing agents for the property.

March 13, 2025

Development Indiana Midwest Office

Skender Completes Interior Construction of 15,370 SF Office for Baker Tilly in Indianapolis

by Kristin Harlow March 13, 2025

INDIANAPOLIS — Skender has completed interior construction on a new 15,370-square-foot office for advisory, tax and assurance firm Baker Tilly in Indianapolis. Located at 9229 Delegates Row within the 19-story Keystone Office Park, the workspace features a mix of private offices, open workstations, collaboration areas, conference rooms and a lounge/café. Notable elements include water vapor fireplaces accented by swinging lights, cutting-edge audio/visual technology and integrated security systems. Skender completed the build-out in 21 weeks. Partners by Design served as architect, a d a Design Associates provided design services, COFCO provided furniture, Automation Arts completed audio/visual technology and Southern Lighting designed the lighting.

March 13, 2025

Newer Posts

Older Posts