Friday, September 4, 2026
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North CarolinaOfficeSoutheast

Cushman & Wakefield Negotiates $35.5M Sale of Office Building in Uptown Charlotte

by Camren Skelton

CHARLOTTE, N.C. — Cushman & Wakefield has brokered the $35.5 million sale of 200 South Tryon, a 215,101-square-foot office building in Charlotte’s Uptown district. Rob Cochran, Jared Londry and Nolan Ashton of Cushman & Wakefield represented the seller, LNR Partners. The buyer, an entity controlled by Miami based-Jewell Capital LLC, acquired the asset. Constructed in 1962, the 17-story property was renovated in 2001 to include interior and exterior modifications and new building systems, followed by further improvements in 2014. The building is located within walking distance of more than 200 restaurants, Romare Bearden Park and public transit. At the time of sale, 200 South Tryon was 85 percent leased.

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MidwestMinnesotaMultifamily

IRET Acquires 500-Unit Multifamily Property in Plymouth, Minnesota for $92.3M

by Kristin Harlow

PLYMOUTH, MINN. — IRET (NYSE: IRET) has acquired Park Place Apartments in Plymouth, about 15 miles west of Minneapolis, for $92.3 million. The 500-unit multifamily property consists of four buildings spanning 32 acres. Built in 1985, the property is currently 95 percent occupied. Amenities include a clubhouse, fitness center, business center, playground, swimming pools and tennis courts.

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IllinoisIndustrialMidwest

Cushman & Wakefield Arranges Sale of Four-Building Industrial Portfolio in Chicago

by Kristin Harlow

CHICAGO — Cushman & Wakefield has arranged the sale of a four-building industrial portfolio in West Town’s Kinzie Industrial Corridor in Chicago. The price was not disclosed. A joint venture between Clear Height Properties and Diamond Realty Holdings purchased the portfolio with plans to fully reposition it. Located at 404-434 N. Armour St. and 1514 W. Kinzie St., the properties span 45,568 square feet. By demolishing 1514 W. Kinzie and combining that site with the neighboring building at 1515 W. Hubbard and a vacant 14,000-square-foot site at 401 N. Ashland that the joint venture already owns, the new complex will support 46,000 square feet of space suited for flex/office, last-mile delivery or high-tech manufacturing. Larry Goldwasser, Colin Green, Matt Cowie and Michelle Maguire of Cushman & Wakefield brokered the transaction. The team will also oversee lease-up of the redevelopment.

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IllinoisMidwestRetail

Cypress Equities Acquires Two Grocery Properties in Illinois

by Kristin Harlow

LOVES PARK AND ROCKFORD, ILL. — Cypress Equities has acquired two properties occupied by Schnucks grocery store in Loves Park and Rockford, both located in northern Illinois. The purchase price was not disclosed. The Loves Park location spans 15 acres at 1810 Harlem Road, while the Rockford location spans 11 acres at 6410 E. State St. This transaction signals the first closing in Cypress’ new triple-net fund, Cypress NNN Fund I LLC. Through this investment fund, Cypress seeks to purchase properties across the United States including triple-net, build-to-suit opportunities and/or sale-leaseback deals. Dan Elliot and Sean Lutz of SRS Real Estate Partners brokered the sale.

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IndustrialMidwestWisconsin

Dickman Co. Brokers Sale of 42,590 SF Industrial Building in Menomonee Falls, Wisconsin

by Kristin Harlow

MENOMONEE FALLS, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 42,590-square-foot industrial building in Menomonee Falls, about 20 miles northwest of Milwaukee. The price was not disclosed. The property is located on Garwin Mace Drive. Keebler Co. sold the property to AJR Properties South LLC. TJ Huenerbein, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. represented the buyer in the transaction.

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IndustrialMichiganMidwest

MSC Industrial Supply Co. Signs 14,334 SF Industrial Lease in Livonia, Michigan

by Kristin Harlow

LIVONIA, MICH. — MSC Industrial Supply Co. has signed a 14,334-square-foot industrial lease in Livonia, a western suburb of Detroit. The warehouse property is located at 37007 Industrial Road. The building will serve as MSC’s vending machine division beginning in November. Gary Glotzhober of Colliers International represented the tenant in the lease transaction. MSC currently operates five locations in Michigan.

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IndustrialOregonWestern

JV Buys 171,828 SF Nimbus Oaks Business Park in Beaverton

by Nellie Day

BEAVERTON, ORE. — A joint venture between Vista Investment Group and Acre Valley Real Estate Capital has purchased Nimbus Oaks, a 171,828-square-foot flex/business park in Beaverton, for an undisclosed sum. The park is located at 9000-9560 S.W. Nimbus Ave. in the 217 Corridor submarket. Notable tenants at Nimbus Oaks include XO Communications, Opus Agency, Kingcom and the Northwest Regional Education Service District. The asset was built between 1984 and 1985. Andrew Kirsh of Sklar Kirsh represented Vista in this transaction. Kidder Matthews will handle leasing and property management.

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CaliforniaRetailWestern

CBRE Brokers $24.5M Sale of Grocery-Anchored Retail Property in Oxnard

by Nellie Day

OXNARD, CALIF. — CBRE has arranged the sale of Oxnard Vineyards, an outdoor shopping center located at 2580-2698 E. Vineyard Ave. in Oxnard. An undisclosed private investor acquired the property from Loja Real Estate Group for $24.5 million. Vallarta Supermarkets anchors the 102,139-square-foot property, which is situated on 11.5 acres. The grocer occupies 64 percent of the center with more than 10 years of the initial term left on its lease. Orbell Ovaness, Brad Baskin and Artin Sepanian of CBRE represented the seller in the deal.

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CaliforniaRetailWestern

Faris Lee Facilitates $4M Sale of 5,231 SF Retail Property in Riverside

by Nellie Day

RIVERSIDE, CALIF. — Faris Lee Investments has brokered the sale of a retail property at 3739-3747 Central Ave. in Riverside. A Los Angeles-based private investor acquired the 5,231-square-foot property from Red Mountain Retail Group for $4 million. The 5,231-square-foot property is leased to three tenants: Jamba Juice, Jimmy John’s Gourmet Subs and Tokyo Joe’s. Donald MacLellan and Joseph Chichester of Faris Lee represented the seller, while NAI Capital represented the buyer in the deal.

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CaliforniaRetailWestern

Nordstrom Launches New Retail Concept in LA

by Nellie Day

LOS ANGELES — Fashion specialty retailer Nordstrom Inc. has launched Nordstrom Local, the company’s latest retail concept where customers can shop and access Nordstrom services in a central location. The new concept will launch in West Hollywood on Oct. 3, the same day as the company’s Westside Pavilion store relocation to Century City. Nordstrom Local will have a 3,000-square-foot footprint, much smaller than an average 140,000-square-foot Nordstrom store. This service-focused concept store has no dedicated inventory. Customers will have access to personal stylists who can transfer merchandise in for customers, as well as services like buying online but picking up in the store, alterations and tailoring, and manicure appointments. Customers will also be able to make returns at Nordstrom Local from Nordstrom stores, Nordstrom.com and Trunk Club. Nordstrom Local will have one styling suite and eight dressing rooms surrounding a central meeting space where customers can sit, enjoy a glass of wine or beer, and chat with personal stylists. Nordstrom operates 356 stores in 40 states. The company also owns Trunk Club, a personalized clothing service.

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