Wednesday, August 5, 2026
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3302-W-Washington-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

IDI Logistics Enters Phoenix Market, Buys 101,794 SF Industrial Property for $20M

by Amy Works

PHOENIX — IDI Logistics has acquired an industrial property, located at 3302 W. Washington St. in Phoenix, from Atlas Capital Partners for $20 million. Situated on 5.2 acres, the 101,794-square-foot vacant building features a clear height of 32 feet, 12 dock-high doors, four drive-in doors and a fully secured 140-foot truck court. Tanner Ferrandi, John Wrestler and Cooper Pratt of CBRE represented the buyer and seller in the deal. The CBRE team will also serve as listing agents for the property.

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Multifamily-Project-San-Diego-CA
CaliforniaDevelopmentLoansMultifamilyWestern

PSRS Secures $13.4M in Construction Financing for Multifamily Project in San Diego

by Amy Works

SAN DIEGO — PSRS has arranged $13.4 million in construction financing for the development of a multifamily complex in San Diego. The nine-story development will offer 70 apartments, including 69 studios and a one-bedroom/one-bath unit, with an average unit size of approximately 360 square feet. Financed through a debt fund, Trevan Swierczewski and Alexander Santulis of PSRS secured a nonrecourse loan at a 75 percent loan-to-cost ratio, with a 24-month term and two six-month extension options.

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AcquisitionsCaliforniaIndustrialWestern

Voit Real Estate Brokers $10M Sale of Multi-Tenant Business Park in Irwindale, California

by Amy Works

IRWINDALE, CALIF. — Voit Real Estate Services has arranged the sale of a multi-tenant industrial and distribution park in Irwindale. DJ CRT LLC sold the asset to Dunbar Real Estate Investment Management for $10 million. Located at 1400-1430 Arrow Highway, the property offers 51,487 square feet of space spread across three grade-level freestanding buildings with a total of 16 units. At the time of sale, the asset was 56 percent occupied. Michael Hefner of Voit represented the seller and buyer in the deal.

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AcquisitionsLoansMichiganMidwestMultifamilyStudent Housing

ACRES Capital Provides $30.5M Acquisition Loan for Multifamily Community in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — ACRES Capital has provided a $30.5 million first mortgage to finance the acquisition of Gateway Lofts, a student-oriented multifamily community in Lansing. Built in 2021, the property features 181 units across a five-story building. In addition to 9,334 square feet of ground-floor retail space, the community features a fitness center, clubhouse, game room, coffee bar, bike storage, conference room and 204 surface parking spaces. The property is located 0.7 miles from Michigan State University. Vesper was the borrower.

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AcquisitionsIndustrialKansasMidwestSelf-Storage

Marcus & Millichap Brokers Sale of Two-Property Self-Storage Portfolio in Topeka, Kansas

by Kristin Harlow

TOPEKA, KAN. — Marcus & Millichap has brokered the sale of a two-property self-storage portfolio with 580 units in Topeka. Located at 3200 S. Kansas Ave. and 235 SW Gage Blvd., the facilities total 67,721 rentable square feet. The properties are 84 percent occupied and include climate-controlled and non-climate-controlled units, outdoor parking and portable units. Sean Delaney and Colby Haugness of Marcus & Millichap represented the Utah-based seller and procured the buyer, a Pennsylvania-based owner that engaged KO Storage to manage the portfolio moving forward.

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AcquisitionsIllinoisMidwestRetail

Mid-America Arranges Sale of 20,427 SF Pebblewood Commons Retail Center in Metro Chicago  

by Kristin Harlow

NAPERVILLE, ILL. — Mid-America Real Estate Corp. has arranged the sale of Pebblewood Commons, a 20,427-square-foot retail center in the Chicago suburb of Naperville. Constructed in 2008, the property is home to dining, health and wellness, and personal services tenants. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Northern Builders Inc. The asset sold to a public REIT.

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IllinoisIndustrialLeasing ActivityMidwest

Cawley CRE Secures Lease for 5.7-Acre Industrial Outdoor Storage Property in Roselle, Illinois

by Kristin Harlow

ROSELLE, ILL. — Cawley Commercial Real Estate has secured a lease for the industrial outdoor storage (IOS) facility at 160 N. Garden Ave. in Roselle following its representation of the property’s sale earlier this year. The 5.7-acre site features a 28,964-square-foot maintenance facility and a 1,350-square-foot standalone office. Industrial Outdoor Ventures (IOV) acquired the property and appointed Matt Garland, Andrew Maletich and Theo Zacher of Cawley CRE as the leasing agents. IOV made significant renovations to the property post-acquisition that included upgrades to the building systems, refreshed interiors and enhancements to the exterior yard and drive-through bays. The Cawley team secured a long-term lease with National Trench Safety, a provider of trench and traffic safety equipment. The lease term is 87 months.

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AcquisitionsIllinoisIndustrialMidwest

Venture One Acquires 11,920 SF Industrial Building in Villa Park, Illinois

by Kristin Harlow

VILLA PARK, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired an 11,920-square-foot industrial building at 865 N. Ellsworth Ave. in Villa Park. The single-tenant property was fully leased at the time of sale. Built in 1980, the facility features one dock, one drive-in door and roughly a quarter acre of outdoor storage. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.

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Sunridge-Industrial-Park-Wilmer
IndustrialLeasing ActivityTexas

Binary Container Logistics Signs 296,240 SF Industrial Lease in Wilmer, Texas

by Taylor Williams

WILMER, TEXAS — Binary Container Logistics has signed a 296,240-square-foot industrial lease in the southern Dallas suburb of Wilmer. The space is located within Sunridge Industrial Park, a 565,259-square-foot, cross-dock development that features 40-foot clear heights, 128 dock doors, four drive-in ramps and parking for 135 trucks and 309 cars. Nathan Lawrence, Krista Raymond and Will Carney of KBC Advisors represented the landlord, Atlanta-based Stonemont Financial Group, in the lease negotiations. The tenant representative was not disclosed.

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AcquisitionsIndustrialSelf-StorageTexas

Matthews Arranges Sale of 182-Unit Self-Storage Facility in Rosenberg, Texas

by Taylor Williams

ROSENBERG, TEXAS — Nashville-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of Big Lenny’s Storage, a 182-unit self-storage facility in Rosenberg, a southwestern suburb of Houston. The facility was built in 1979 and spans 33,400 net rentable square feet of primarily non-climate-controlled space. Austin McLeod of Matthews represented the seller in the transaction. Texas-based owner-operator Curio Storage purchased the facility for an undisclosed price.

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