Monday, June 1, 2026
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One University Place Charlotte
North CarolinaOfficeSoutheast

HFF Brokers $6.7M Sale of Office Building in Charlotte

by John Nelson

CHARLOTTE, N.C. — HFF has closed the $6.7 million sale of and arranged acquisition financing for One University Place in Charlotte’s University Place mixed-use development. The four-story, 80,891-square-foot office building is located at 8801 JM Keynes Drive within 1.5 miles of I-85. Originally built in 1986, One University Place is 66 percent leased to a mix of healthcare, technology, consulting and business services tenants. The largest tenants at the property are Bayada Home Health Care and University Radio. Origin Capital Partners purchased the asset free and clear of debt. Ryan Clutter led the HFF investment sales team in representing the seller, Financial Enterprises III, in the transaction. Travis Anderson and Cory Fowler led HFF’s debt placement team in placing acquisition financing through First Tennessee Bank on behalf of Origin Capital Partners.

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Affordable HousingIllinoisMidwestMultifamily

U.S. Bank Provides $17.4M in Equity for Affordable Housing in Chicago

by Christina Cannon

CHICAGO — U.S. Bank has provided a $17.4 million equity investment in a 78-unit affordable housing multifamily project in Chicago. Park Place Family will be located at the intersection of West 50th Street and South Millard Avenue. Brinshore Development LLC and Back of the Yards Neighborhood Council will develop the project. The development is estimated to cost $27 million. The units will range from one to three bedrooms. Two units will be built for vision- or hearing-impaired residents, and four units will be accessible for handicapped residents. Eligible tenants will earn between 50 and 60 percent of the area’s median income. Rents will range from $546 for a one-bedroom unit to $960 for a three-bedroom unit. Site preparation is underway, and completion is slated for February 2017.

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IllinoisMidwestMultifamily

Marcus & Millichap Brokers $6.5M Sale of Apartment Building in Chicago

by Christina Cannon

CHICAGO — Marcus & Millichap has brokered the sale of a 19-unit apartment property in Chicago. The building, located at 3161 N. Orchard St., sold for $6.5 million. The three-story asset was fully renovated in 2013. Upgrades included granite countertops, new kitchen cabinets, stainless steel appliances, new bathrooms, plumbing and electric, porches and newly stained hardwood floors. Kyle Stengle listed the property on behalf of the seller and secured the buyer in the transaction. Both parties were limited liability companies.

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IllinoisIndustrialMidwest

NelsonHill Arranges Lease of 122,000 SF Industrial Property in Chicago

by Christina Cannon

CHICAGO — NelsonHill has arranged a 122,000-square-foot industrial lease in Chicago. The facility is located at 1200 W. Cermak Road and features new lighting, loading docks, 18-foot clear heights and parking. The entire facility was leased in six transactions. Tenants in the property include Fastenal Co., Shyp Inc., MakeSpace, Windy City Greens, Gourmet Gorilla and Sherwin-Williams. Michael Nelson and Mark Nelson of NelsonHill arranged the transactions.

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IndustrialMidwestWisconsin

The Barry Co. Brokers Sale of 8,000 SF Industrial Property in Milwaukee Suburb

by Christina Cannon

WEST ALLIS, WIS. — The Barry Co. has brokered the sale of an 8,000-square-foot industrial property in West Allis, a western Milwaukee suburb. Milwaukee Alarm Co. purchased the facility located at 2241 S. 116th St. from Cardinal Two LLC for an undisclosed price. Kevin Barry of The Barry Co. represented the buyer in the transaction. Travis Tiede of NAI/MLG Commercial represented the seller.

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MidwestRetailWisconsin

Siegel-Gallagher Arranges 1,019 SF Retail Lease Near Milwaukee

by Christina Cannon

DELAFIELD, WIS. — Siegel-Gallagher has arranged a 1,019-square-foot retail lease in Delafield, approximately 30 miles west of Milwaukee. Delafield Hair and Friends LLC is leasing the space in Delafield Properties II from Ace Delafield Properties LLC. The property is located at 715 Genesee St. Devin Tessmer of Siegel-Gallagher brokered the transaction.

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CaliforniaRetailWestern

JV Acquires Portion of Temecula Town Center for $60M

by Nellie Day

TEMECULA, CALIF. — A joint venture of Citivest Commercial Investments LLC and Ares Management has acquired a major portion of Temecula Town Center, a 241,980-square-foot shopping center is located at 27540 Ynez Road, in a transaction valued at $60 million. The seller was BACM 2006-5 Rancho California LP. The acquired portion of the 241,980-square-foot center includes CVS/pharmacy, Home Goods, 24 Hour Fitness Sport Club, Chase Bank and Active, among others. Built in 1989, the center is currently 85 percent occupied. Michelle Schierberl and Donald Ellis of Colliers International represented the seller in the transaction.

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ColoradoMultifamilyWestern

Village West Apartments in Arvada Sells for $9M

by Nellie Day

ARVADA, COLO. — 29th St. Management LLC has purchased the 58-unit Village West apartment complex in Arvada for $9 million. The community is located at 12155 West 58th Place. It was built in the 1972. The buyer plans to renovate the property. Andy Hellman and Justin Hunt represented the seller, Village West Investment Group LLC, in this transaction.

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CaliforniaRetailWestern

Colliers Retail Foresight Brokers 1,550 SF Bakery Lease in Pico Rivera

by Nellie Day

PICO RIVERA, CALIF. — Colliers Retail Foresight has brokered a lease for retail space in Pico Rivera. La Monarca Bakery will occupy 1,550 square feet at Rosemead and Mines in Pico Rivera. James Rodriguez and Michael Bohorquez of Colliers Retail Foresight represented the undisclosed landlord in the transaction.

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ArizonaOfficeWestern

Veterns Affairs Leases Space at Estrella Health Center in Phoenix

by Nellie Day

PHOENIX — The U.S. Department of Veterans Affairs has leased 20,000 square feet of space at Estrella Health Center in Phoenix. The center is located at 9250 W. Thomas Road. The VA will occupy the 4th floor of the building. It plans to utilize this space as an outpatient clinic for the Southwest community. Matt Fitzgerald of Colliers and Elena K. Safaei of Legend Real Estate Management served as consultants for the landlord, Legend Real Estate Management.

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