BAKERSFIELD, CALIF. — SRS Real Estate Partners has arranged the $11.7 million sale of Lumberjack Square, an 85,031-square-foot shopping center located in Bakersfield. Body Xchange, a fitness and health club, anchors the property, which features a mix of additional tenants including DaVita and The Firehouse. Matthew Mousavi and Patrick Luther of SRS represented the seller, a California-based partnership. The buyer, also a California-based partnership, acquired the property with new financing.
ENCINITAS, CALIF. — Marcus & Millichap has brokered the $8.3 million sale of a two-property retail portfolio located roughly 25 miles north of San Diego in Encinitas. The first property, located at 548-568 S. Coast Highway 101, spans 5,698 square feet of retail space and includes five suites in two adjacent buildings. Adam Robinson of RAF Pacifica Group purchased the property for $4.7 million. The second property, located at 571 2nd St., features 6,508 square feet of retail and office space, as well as six suites. Brett Farrow, a local architect, purchased the property for $3.6 million. Ross Sanchez and Nick Totah of Marcus & Millichap marketed the properties on behalf of the seller, George Charles Gowland Separate Property Trust. The agents also secured and represented both buyers in the transaction.
NEW YORK CITY — Cadent has signed a 50,017-square-foot office lease in Midtown Manhattan. The AI-powered predictive advertising company will occupy the entire ninth floor at 2 Park Avenue, a 1.2 million-square-foot building. Aaron Ellison and Adam Spector of Newmark represented the tenant in the lease negotiations. Mitch Konsker, Cynthia Wasserberger, Kristen Morgan and Michael Pallas of JLL, along with internal agent Franco Rauseo, represented the landlord, an affiliate of fashion company Haddad Brands.
ST. CHARLES, ILL. — Eastham Capital and Bender Cos. have acquired Fox Run Apartments, a 220-unit community in the western Chicago suburb of St. Charles. To date, Eastham and Bender have co-invested in 14 projects. The companies say that Fox Run Apartments presents a compelling value-add opportunity. Monthly rents at the property average $1,703. Following recent capital improvements, the business plan calls for additional upgrades across more than 80 units, including in-unit laundry and flooring updates, along with enhancements to the exterior, amenities, parking areas, landscaping, signage and security systems. Bender will also focus on strengthening leasing operations and elevating the resident experience. Originally constructed in 1973, the property includes four buildings with a mix of one-, two- and three-bedroom floor plans ranging from 650 to 1,430 square feet. Amenities include a clubhouse, fitness center, outdoor pool, grilling areas, package lockers, laundry facilities and off-street parking.
CUDAHY, WIS. — Greysteel has arranged the $18.1 million sale of Cudahy Commons, a 142-unit multifamily property at 2810 E. Edgerton Ave. in the Milwaukee suburb of Cudahy. BJ Connolly, Doug Banerjee and Ryan Carter of Greysteel represented the seller, a private investor. Peak Capital acquired the asset. According to Greysteel’s newly released “Mid-Year 2026 Investor Sentiment Pulse Check,” 84 percent of respondents plan to increase their Midwest multifamily exposure over the next 12 to 18 months.
CHICAGO — Burlington and Planet Fitness have singed long-term leases totaling roughly 45,000 square feet at Joffco Squre in Chicago. Nassimi Realty has brought the urban retail center from 50 percent occupancy to fully leased. Burlington signed a 10-year lease for 23,000 square feet, taking the former Ashley Furniture space. The retailer is relocating from its existing location across the street. The new store is expected to open in the winter or spring of 2027. Planet Fitness signed a 12-year lease for 22,000 square feet in the former Joann Fabrics space. The fitness operator plans to open in December. CBRE represented the landlord in both transactions. Metro Commercial Real Estate represented Burlington and Planet Fitness.
GAHANNA, OHIO — CBRE has brokered the $3.4 million sale of a single-tenant Sheetz convenience store at 495 Crescent Circle in Gahanna, a suburb of Columbus. CBRE’s Karly Iacono represented the buyer, 495 Crescent Circle Gahanna Ohio LLC. Stephanie Beaumier of Casto acted on behalf of the seller, CP Crescent LLC. The 1031 exchange buyer completed an all-cash transaction. The asset is secured by a 15-year triple-net ground lease with Sheetz.
DALLAS — JLL has arranged a $78.7 million loan for the refinancing of The Flynn at Live Oak, a 327-unit apartment community in East Dallas. The five-story, newly constructed building offers studio, one- and two-bedroom units with an average size of 832 square feet. Amenities include a pool, outdoor courtyards with fire pits and grilling stations, a sky lounge, fitness center with outdoor yoga space, coworking lounge and a grab-and-go convenience store. Lucas Borges, Lauren Dow, Sam Tarter, Aidan Flanagan and Christian Johnston of JLL arranged the loan through private equity firm Blue Owl Capital on behalf of the owner, a partnership between Conor Commercial Real Estate and Globe Corp.
SAN ANTONIO — Alterra IOS has acquired a portfolio of six industrial outdoor storage facilities totaling 23.5 acres in the greater San Antonio area. Five of the properties are located in San Antonio proper, and the sixth is located in the northeastern suburb of Schertz. The facilities feature a combined 172,141 square feet of warehouse space and are leased to tenants in industries such as building materials, equipment rentals and logistics. The seller and sales price were not disclosed.
MIDLOTHIAN, TEXAS — Dallas-based brokerage firm Summit RE has negotiated the sale of Harvest Hill Town Center II, a 14,895-square-foot retail strip center located in the southern Dallas suburb of Midlothian. Tenants at the center include T-Mobile and Club Pilates. Hudson Lambert and Jack Hicks of Summit RE represented the undisclosed seller in the transaction. The name and representative of the buyer, as well as the sales price, were also not disclosed.
