Property Type

LeClaire-Schlosser Group Brokers Sale of 467-Unit Self-Storage Facility in West Valley City, Utah

by Amy Works July 30, 2025

WEST VALLEY CITY, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of Towne Storage Colt Plaza, a 60,325-square-foot self-storage facility in West Valley City. A joint venture between Towne Storage and a local development company sold the asset to UTEX Storage Partners for an undisclosed price. Situated on 2.6 acres, the 467-unit facility consists of five single-story buildings and one two-story building with 125 drive-up units. Towne Storage Colt Plaza amenities include a gated entry with a digital keypad, an onsite management office in front of the entrance gate, 24/7 video surveillance throughout the facility, asphalt driveways and units with roll-up doors. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller in the deal.

July 30, 2025

Development Industrial Midwest Missouri

Ace Hardware Opens 1.5 MSF Retail Support Center at KCI 29 Logistics Park in Kansas City

by Kristin Harlow July 30, 2025

KANSAS CITY, MO. — Ace Hardware has opened its new 1.5 million-square-foot retail support center at Hunt Midwest’s KCI 29 Logistics Park in Kansas City. The project marks the first completed development at the 3,300-acre industrial park. The retail support center will support Ace’s growing network of more than 5,000 locally owned retail locations. Measuring a half mile from end to end, the new facility is the largest distribution center in Kansas City by building footprint and is almost twice the size of Ace’s average retail support center, according to Hunt Midwest. Clayco served as general contractor for the build-to-suit facility, and BZI Steel installed the roof. Ace has installed automation and advanced warehouse technology systems to streamline operations and minimize environmental impact. KCI 29 Logistics Park is located in almost the exact center of the continental U.S. on I-29 and is adjacent to the Kansas City International Airport. The industrial park can support up to 17.8 million additional square feet of build-to-suit development.

July 30, 2025

Acquisitions Midwest Ohio Retail

O’Connor Capital Partners Acquires Full Ownership of 1.3 MSF Polaris Fashion Place Mall in Columbus

by Kristin Harlow July 30, 2025

COLUMBUS, OHIO — O’Connor Capital Partners has acquired full ownership of Polaris Fashion Place, a shopping mall in Columbus. The seller was locally based Washington Prime Group, according to The Columbus Dispatch. As part of the acquisition, O’Connor will assume full operational control of the property, overseeing day-to-day management, leasing and operations. O’Connor has been a longstanding investor in the center for more than a decade. Polaris Fashion Place, which totals nearly 1.3 million square feet and opened in October 2001, is home to more than 160 national and local retail, dining and entertainment tenants. The lifestyle center comprises both enclosed and open-air components.

July 30, 2025

Hospitality Loans Midwest Wisconsin

Greysteel Arranges $14.9M Refinancing for Hilton Garden Inn Hotel in Green Bay, Wisconsin

by Kristin Harlow July 30, 2025

GREEN BAY, WIS. — Greysteel has arranged a $14.9 million loan for the refinancing of the Hilton Garden Inn Green Bay, a recently renovated hotel in the heart of the Lambeau Field Stadium District. Developed in 2000 by Beechwood Hotel Group, the select-service property features 125 rooms. Beechwood has owned and operated the asset for more than 20 years. Fox Communities Credit Union provided the floating-rate loan. The refinancing was completed ahead of the property’s CMBS loan maturity.

July 30, 2025

Acquisitions Healthcare Midwest Ohio

Cooper Group Brokers $8.8M Sale of Medical Office Building in Metro Cleveland

by Kristin Harlow July 30, 2025

CHAGRIN FALLS, OHIO — The Cooper Commercial Investment Group has brokered the $8.8 million sale of the Winbury Professional & Medical Center in the Cleveland suburb of Chagrin Falls. The 54,505-square-foot medical office building features landscaped grounds, private entrances and a conference room. Dan Cooper of Cooper Group represented the seller, a local real estate investment group out of Cleveland. The private West Coast-based buying group purchased the asset at 98 percent of the list price and $168 per square foot.

July 30, 2025

Acquisitions Colorado Florida Kentucky Montana Retail Southeast Top Stories Western

CBL Properties Acquires Four Enclosed Malls from Washington Prime Group for $178.9M

by Kristin Harlow July 30, 2025

CHATTANOOGA, TENN. — Chattanooga-based CBL Properties (NYSE: CBL) has acquired four enclosed regional malls from Washington Prime Group for $178.9 million. The properties include Ashland Town Center in Ashland, Ky.; Mesa Mall in Grand Junction, Colo.; Paddock Mall in Ocala, Fla.; and Southgate Mall in Missoula, Mont. CBL says it is focused on owning and managing successful enclosed malls in dynamic and growing middle markets. The deal suggests mall recovery extends beyond luxury properties, driven by limited retail construction since 2008, according to The Wall Street Journal. Ashland Town Center is a single-level mall that opened in 1989. Totaling more than 420,000 square feet, the property features more than 70 retailers and restaurants, including anchors JCPenney, Belk, T.J. Maxx, Ulta Beauty and Five Below. The center has undergone several renovations over the years, including a major redevelopment in the late 2000s that added a new JCPenney prototype store and updated amenities. The largest indoor shopping center in western Colorado, Mesa Mall spans roughly 733,000 square feet and is home to more than 120 stores and services. Anchor tenants include Cabela’s, Dillard’s, JCPenney, Target, HomeGoods and Dick’s Sporting Goods. Originally developed in 1980, the property has undergone several redevelopments to modernize …

July 30, 2025

California Life Sciences Market Reports Western Western Market Reports

San Diego Market Recalibration Redefines Life Sciences Sector

by John Nelson July 30, 2025

— By Chris High, Steve Bruce and Conor Evans of Colliers — We’re in the middle of a market recalibration. On the office side, leasing has slowed significantly, with tenants downsizing footprints and pushing for shorter terms as hybrid work remains a dominant driver. In life sciences, we saw explosive growth from 2020 to mid-2022, but that pace has tapered off. VC funding is more selective, and some developers who stretched to convert commodity office and flex properties into lab space, often with less-than-ideal infrastructure, during the boom years, are now rethinking those strategies. Still, demand for high-quality, fitted lab space remains, especially in well-located projects by experienced owners like Longfellow, BioScience Properties, Sterling Bay, Healthpeak, BioMed, and ARE. These firms are adapting with thoughtful repositioning and delivering product that aligns with where tenant demand is today. In the near term, we expect continued headwinds. Commodity office space will face pressure on rents and absorption, while high-end life science campuses with strong sponsorship will be better positioned to attract demand. We expect Life Science to rebound in the next 12 to 18 months as capital markets settle and merger/acquisition (M&A) activity returns. Distressed office sales may continue as debt maturities …

July 30, 2025

Acquisitions Industrial Self-Storage Texas

Spartan Investment Group Agrees to Buy 3,497-Unit Self-Storage Portfolio in Metro Houston

by Taylor Williams July 29, 2025

HOUSTON — Metro Denver-based Spartan Investment Group has agreed to purchase a portfolio of seven self-storage facilities totaling 3,497 units in the Houston area. The portfolio totals 463,185 net rentable square feet and includes four properties in Houston proper, as well as facilities in Katy, Rosenberg and Sugar Land. The seller and sales price, as well as the names of the operating entities of the facilities, were not disclosed. Spartan says that the formal closing date is imminent.

July 29, 2025

Acquisitions Multifamily Texas

SPI Advisory, FCP Buy 600-Unit Crest Manor Apartments in Lewisville, Texas

by Taylor Williams July 29, 2025

LEWISVILLE, TEXAS — A partnership between Texas-based investment firm SPI Advisory and Maryland-based FCP has acquired Crest Manor Apartments, a 600-unit multifamily community in Lewisville, located about 25 miles north of Dallas. Crest Manor was developed in two phases between 2010 and 2016. Units come in one-, two- and three-bedroom floor plans. Amenities include two pools, a clubhouse, fitness center, tennis courts and walking trails. The joint venture plans to upgrade amenities and some unit interiors. The seller and sales price were not disclosed.

July 29, 2025

Acquisitions Loans Office Texas

Bradford Acquires 254,000 SF Office Building in Uptown Dallas

by Taylor Williams July 29, 2025

DALLAS — An affiliate of Bradford Cos. has acquired Uptown Tower, a 254,000-square-foot office building in Dallas. According to LoopNet Inc. the 12-story building at 4144 N. Central Expressway was originally constructed in 1982 and last renovated in 1994. The new ownership plans to implement a value-add program that will feature a redesigned lobby and a new fitness center and coworking lounge. The building was roughly 54 percent leased at the time of sale. Creighton Stark of Weitzman represented the seller, a private REIT, in the transaction. Richmond Collinsworth and Kevin Santaularia represented Bradford internally. HALL Structured Finance provided a $30.8 million acquisition loan for the deal that was arranged by Adam Hyman of Metropolis AMA Advisors.

July 29, 2025

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