Property Type

Marcus & Millichap Arranges $8.2M Sale of Retail Center in Panama City, Florida

by John Nelson April 10, 2025

PANAMA CITY, FLA. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Zach Taylor, Robby Pfeiffer and Eric Abbott of Marcus & Millichap’s Atlanta office represented the seller, a Rome, Ga.-based developer. Brian Munn, also based in the Atlanta office, procured the buyer, a Georgia-based private investor. Ryan Nee is Marcus & Millichap’s broker of record in Florida. Built in 2023, Shops at Bay City Point is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. The retail center is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a mixed-use redevelopment.

April 10, 2025

Acquisitions Multifamily New Jersey Northeast Seniors Housing

Hudson Atlantic Negotiates Sale of 284-Unit Seniors Housing Complex in Barrington, New Jersey

by Taylor Williams April 10, 2025

BARRINGTON, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the sale of Barrington Mews, a 284-unit seniors housing complex located outside of Philadelphia in Southern New Jersey. Built in 1994 as affordable seniors housing, the elevator-served, age-restricted property offers one- and two-bedroom units and amenities such as community rooms, onsite laundry facilities and grilling and picnic areas. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed. The new ownership plans to transition the property to market-rate housing.

April 10, 2025

California Loans Multifamily Western

G.H. Palmer Associates Receives $168M Refinancing for Park Sierra Apartments in Santa Clarita, California

by Amy Works April 10, 2025

SANTA CLARITA, CALIF. — G.H. Palmer Associates has received a $168 million loan to refinance Park Sierra, a 776-unit apartment building in Santa Clarita, approximately 35 miles northwest of Los Angeles. Walker & Dunlop’s California multifamily finance team, led by Trevor Fase, arranged the financing through Freddie Mac. Originally developed by G.H. Palmer Associates in 1987, the garden-style community offers a mix of 97 one-bedroom and 679 two-bedroom apartments. About 40 percent of the units have been rehabilitated, with additional capital investment planned. Amenities include five pools and spas, a fitness center, picnic and play areas.

April 10, 2025

Acquisitions Arizona Industrial Western

ViaWest Divests of 357,103 SF Sight Logistics Park in Tempe, Arizona

by Amy Works April 10, 2025

TEMPE, ARIZ. — ViaWest Group has sold Sight Logistics Park, a two-building industrial property in Tempe. Terms of the transaction were not released. Completed in 2023, Sight Logistics Park consists of the 155,916-square-foot Building 1 at 6840 S. Harl Ave. and the 201,187-square-foot Building 2 at 6860 S. Harl Ave. The buildings feature 32-foot clear heights, 100 percent HVAC coverage, 66 dock-high doors, a 200-foot truck court, 10 grade-level doors and 8,400 amps of power. At the time of sale, the park was 88 percent occupied by a variety of tenants, including nVent, Daikin, Rentex and Supply Chain Solutions. Ben Geelan, Greer Oliver and Connor Nebeker-Hay of JLL Capital Markets Investment Sales handled the transaction. Rob Martensen, Phil Breidenbach and Sam Jones of Colliers handled local leasing efforts for the property.

April 10, 2025

Acquisitions California Hospitality Restaurant Retail Western

Curtis Holdings Sells Tallman Hotel, Blue Wing Saloon in Lake County, California

by Amy Works April 10, 2025

UPPER LAKE, CALIF. — Curtis Holdings has completed the disposition of Tallman Hotel and Blue Wing Saloon, located at 9550 Main St. and 9520 Main St., respectively, in Upper Lake. Amar and Rajvi Alapati acquired the assets for an undisclosed price. The buyers will add the properties to its Serenity Hotels Collection. Alex Lee-Bull and Lauren Liebes of CBRE represented the seller. The Tallman Hotel offers 17 rooms across nine buildings. Originally built in 1896, the hotel was renovated between 2002 and 2005 and reopened in 2006 with modern amenities, including an outdoor swimming pool, gardens and a meeting room. Select rooms offer outdoor showers and Japanese Ofuro soaking tubs.

April 10, 2025

Acquisitions California Industrial Western

Marcus & Millichap Brokers Sale of 13,440 SF Warehouse in Stockton, California

by Amy Works April 10, 2025

STOCKTON, CALIF. — Marcus & Milichap has arranged the $1.2 million sale of a warehouse property located at 729 S. Commerce St. in Stockton. Matt Sulaiman and Abdullah Sulaiman of Marcus & Millichap represented the undisclosed seller and procured the undisclosed buyer in the deal. Brandon Dena of Marcus & Millichap provided financing support for the transaction. Constructed in 1973, the 13,440-square-foot property features heavy power, a large yard, custom-built office space and convenient access to major freeways.

April 10, 2025

Acquisitions Midwest Multifamily Wisconsin

CBRE Arranges Sale of Two Multifamily Properties in Wisconsin for $10.1M

by Kristin Harlow April 10, 2025

MAUSTON AND RACINE, WIS. — CBRE has arranged the sale of Riverwood Apartments and Biscayne Apartments, two multifamily properties totaling 112 units in Mauston and Racine, for $10.1 million. An Iowa-based multifamily investor and developer purchased the assets from an Iowa-based multifamily investor. CBRE’s Max Colby, Sean Beuche, Matson Holbrook, Patrick Gallagher and Gretchen Richards represented the seller. Riverwood Apartments is proximate to I-90 and minutes away from Decorah Lake. Built in 1994, the 32-unit property features a mix of one-, two- and three-bedroom floor plans. Biscayne Apartments is located at 5010 Biscayne Ave. Built in 1960, the asset features 80 units in a variety of one-, two- and three-bedroom floor plans.

April 10, 2025

Acquisitions Midwest Minnesota Office

Transwestern Brokers Sale of 58,645 SF Office Showroom in Eagan, Minnesota

by Kristin Harlow April 10, 2025

EAGAN, MINN. — Transwestern Real Estate Services has brokered the sale of a 58,645-square-foot office showroom located at 3020 Denmark Ave. in the Minneapolis suburb of Eagan for an undisclosed price. Transwestern’s Mike Honsa and John Thompson represented the seller, Blue Water III LLC. The buyer, the Plumbers and Gasfitters Local 34 union, is consolidating its operations and moving both its corporate office and training center to the property. The union was previously based at 353 7th St. in St. Paul. The property was previously occupied by CHS, which had been in the building since its completion in 1998. Blue Water III LLC’s decision to sell came when the building became vacant for the first time. Jordan Dick, Todd Hanson and Jason Sell of Cushman & Wakefield represented the buyer.

April 10, 2025

Acquisitions Illinois Industrial Midwest

Venture One Acquires 31,394 SF Industrial Building in Batavia, Illinois

by Kristin Harlow April 10, 2025

BATAVIA, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 31,394-square-foot industrial building in the Chicago suburb of Batavia. Located at 1563 Hubbard Ave., the single-tenant property was fully leased at the time of sale. Constructed in 1980 and situated on 2.2 acres, the building features two exterior docks, one drive-in door and parking for over 80 cars. Matthew Stauber of Colliers represented the undisclosed seller. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group. The fund targets industrial acquisitions in the Chicago, Northeast and Florida markets.

April 10, 2025

Development Healthcare Illinois Midwest

Keeley Construction Completes 19,475 SF Hanger Clinic Facility in Schaumburg, Illinois

by Kristin Harlow April 10, 2025

SCHAUMBURG, ILL. — Keeley Construction has completed a 19,475-square-foot Integrated Care Center (ICC) for Hanger Clinic in the Chicago suburb of Schaumburg. The new facility is located at 640 E. Golf Road. Hanger Clinic is a provider of orthotic and prosthetic solutions, with more than 900 locations across the country. The new ICC is designed to elevate patient care for individuals with limb loss, limb difference and other physical disabilities. The clinic features a rock-climbing wall, gym area, golf simulator, running track, kitchen and demo apartment. The amenities provide patients with the opportunity to test various prosthetic technologies in real-life scenarios. The ICC also features multiple medical exam rooms, dedicated office space with a Clinician Collaboration Center, a reception and waiting area and onsite fabrication lab. Sarfatty Associates was the architect and Ware Malcomb served as interior designer. Brian Edgerton of NAI Hiffman represented Hanger Clinic in the lease, starting with strategic planning and site selection in February 2022. Les Kristof of CBRE represented the landlord, Golfwood Square LLC.

April 10, 2025

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