SULPHUR SPRINGS, TEXAS — Marcus & Millichap has brokered the sale of the 70-room Hampton Inn Sulphur Springs hotel, located about 90 miles northeast of Dallas. Built on 2.5 acres in 2010, the hotel features an outdoor pool, fitness and business centers, onsite retail space, a breakfast area and 600 square feet of meeting and event space. Skyler Cooper of Marcus & Millichap represented the seller, Cox Hospitality Group, in the transaction. Cooper also procured the buyer, a Texas-based private investor, in conjunction with Allan Miller and Chris Gomes of Marcus & Millichap.
AURORA, ILL. — Panattoni Development Co. has sold a 356,462-square-foot warehouse located at 2200 Sullivan Road in Aurora for $46.3 million. Developed in partnership with Mar-Gulf Management Inc. and MDI Capital LLC, the international real estate subsidiaries of Kuwait Financial Centre, the Class A project was completed in June 2023. Located on nearly 30 acres, the site offers direct access to I-88 via the Orchard Road interchange. The building is 73 percent leased to two tenants and features a clear height of 36 feet, 34 exterior docks, two drive-in doors and extensive trailer and auto parking. The project team included Harris Architects and Alston Construction.
LENEXA, KAN. — Gantry has arranged a $32 million permanent loan to retire construction financing for Lenexa Logistics Centre North #5 in Lenexa, a suburb of Kansas City. The fully leased property on Mill Creek Road was completed in 2022 and totals 565,170 square feet. The multi-tenant building offers immediate access to I-35, I-435 and Highway 10. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. An insurance lender provided the 10-year loan, which features a fixed interest rate and introductory interest-only period transitioning to a 30-year amortization schedule.
SPRINGFIELD, MO. — Marcus & Millichap has negotiated the $6.6 million sale of a gas station property net leased to Kum & Go in Springfield. There are 15 years remaining on the lease, and Kum & Go has operated at the location since 1991. In 2019, the original building was demolished and rebuilt with an expanded design. Timothy Nichols, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, an Arkansas-based limited liability company, and procured the buyer, an Iowa-based limited liability company. The transaction closed in less than 45 days.
FORT DODGE, IOWA — Cleeman Realty Group has brokered the $4.3 million sale of a 66,455-square-foot retail property net leased to Hy-Vee Supermarket in Fort Dodge, about 95 miles north of Des Moines. Hy-Vee has occupied the building at 115 S. 29th St. since 1997. Nearby national retailers include Walmart, Target, Marshalls, Hobby Lobby and Aldi. Jeremy Scheer and Michael Cleeman of Cleeman Realty Group represented the undisclosed buyer and seller. The seller sought to reallocate funds into a different asset class, according to Scheer.
HOUSTON — Metro Philadelphia-based CenterSquare Investment Management has purchased Windermere Village, a 31,355-square-foot retail property in northwest Houston. The center is home to tenants such as Tropical Smoothie Café, Pure Barre, The Joint Chiropractic, Marco’s Pizza and Edible Arrangements. In addition, 85°C Bakery Café and Flying Biscuit Café have will soon open eateries at Windermere Village. The seller and sales price were not disclosed.
ARLINGTON, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Windsor Terrace Center, a 16,767-square-foot retail strip center in Arlington. According to LoopNet Inc., the center was built on 2.2 acres in 1986. Hudson Lambert and Harrison Beethe from STRIVE brokered the deal. The buyer and seller were not disclosed. Windsor Terrace Center was fully leased at the time of sale to tenants such as Subway, State Farm and McCullar’s Irish Pub.
NEW JERSEY — Newmark has arranged the equity recapitalization of a portfolio of 30 industrial buildings totaling approximately 1.4 million square feet in Northern New Jersey. The portfolio is valued at roughly $300 million. The properties are collectively known as the Fairfells Logistics Portfolio and are located in the communities of Fairfield, Little Falls, Elmwood Park and Carteret. Kevin Welsh, Brian Schulz and Jack Fraker of Newmark represented the owner, The Hampshire Cos., in arranging joint venture equity with an undisclosed partner. The portfolio was 92 percent leased at the time of sale.
WALTHAM, MASS. — Commonwealth Financial Network has signed a 151,765-square-foot office lease in Waltham, a western suburb of Boston. The provider of comprehensive services to the financial advisory community is taking space at 275 Wyman Street, a five-story, 300,000-square-foot building that is part of a larger 2.2 million-square-foot campus. CBRE represented the landlord, Hobbs Brook Real Estate, in the lease negotiations. Newmark represented the tenant, which plans to take occupancy of its new space in the first quarter of 2026.
VINELAND, N.J. — New Jersey-based brokerage firm The Kislak Co. Inc. has negotiated the $12 million sale of Park Towne Apartments, a 108-unit multifamily complex located outside of Philadelphia in Vineland. Built in 1952, Park Towne Apartments comprises 63 one-bedroom units, 36 two-bedroom units, two two-bedroom units with terraces and a rental office. Joni Sweetwood of Kislak represented the seller and procured the buyer, both of which were limited liability companies, in the transaction. Park Towne Apartments was fully occupied at the time of sale.