Tuesday, August 25, 2026
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Fletcher-Marketplace-El-Cajon-CA
AcquisitionsCaliforniaRetailWestern

Brixton Capital Divests of Fletcher Marketplace Retail Center Near San Diego for $11.4M

by Amy Works

EL CAJON, CALIF. — Southern California-based Brixton Capital has completed the disposition of Fletcher Marketplace, a retail strip center situated on 1.9 acres at 110 Fletcher Parkway in El Cajon. A private investor acquired the asset for $11.4 million. Built in 2020, the two-building, 11,996-square-foot Fletcher Marketplace is triple-net leased to five tenants, including Mattress Firm, Dave’s Hot Chicken, The Joint Chiropractic, Urbane Café and California Fish Grill. Gleb Lvovich and Daniel Tyner of JLL Retail Capital represented the seller in the deal. Don Moser of Retail Insite provided local market support.

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AcquisitionsOfficeWashingtonWestern

Marcus & Mililchap Brokers Sale of 7,275 SF Office Building in Bothell, Washington

by Amy Works

BOTHELL, WASH. — Marcus & Millichap has arranged the sale of Thrasher’s Corner Professional Center, an office property in Bothell. A private investor sold the asset to another private investor for $2 million. John Marks, Stren Lea and Matthew Herman of Marcus & Millichap’s Seattle office represented the seller and the buyer in the deal. Located 1729 208th St. SE, the 7,275-square-foot property was fully occupied at the time of sale. Built in 1987, the property serves a variety of professional tenants and prominent local dental clinic anchors the asset.

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Blake-at-Berkeley-Apts-Berkeley-CA
AcquisitionsCaliforniaMultifamilyWestern

Gemdale USA Divests of Blake at Berkeley Apartment Community in Bay Area for $66M

by Amy Works

BERKELEY, CALIF. — Gemdale USA has completed the sale of Blake at Berkeley, a multifamily property located at 2033 Blake St. in Berkeley. An undisclosed buyer acquired the community for $66 million, or $785,700 per unit. Completed in December 2021, Blake at Berkeley features 32 studio, 34 one-bedroom, 16 two-bedroom and two live-work units. Community amenities include a central courtyard, a roof deck with 360-degree views, two large common-area patios, coworking spaces and garage parking. Jason Parr, Scott MacDonald, John Hansen, Michael Bissada and Sydney Ladrech of Cushman & Wakefield’s Multifamily Advisory Group represented the seller in the transaction.

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Avilla-Prairie-Center-Brighton-CO
AcquisitionsBuild-to-RentColoradoSingle-Family RentalWestern

Inland Real Estate Purchases Single-Family Rental Community Near Denver from NexMetro for $63.1M

by Amy Works

BRIGHTON, COLO. — Phoenix-based NexMetro Communities has completed the disposition of Avilla Prairie Center, a purpose-built single-family-rental community in Brighton. Chicago-based Inland Real Estate Group of Cos. acquired the asset for $63.1 million, or $464,000 per unit. Located at 2103 Peregrine Drive, Avilla Prairie Center features 136 homes. Inland has purchased two other Avilla Homes communities from NexMetro. Dave Potarf, Matt Barnett, Dan Woodward and Jake Young of Walker & Dunlop handled the transaction.

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AcquisitionsCaliforniaRetailWestern

Lowe Acquires Sequoia Station Shopping Center in Redwood City from Regency Centers

by Amy Works

REDWOOD CITY, CALIF. — Lowe has completed the purchase of Regency Centers’ portion of the Sequoia Station Shopping Center in downtown Redwood City. Terms of the transaction were not released. Lowe is in the process of seeking entitlements to redevelop the site into a modern mixed-use development as part of Redwood City’s proposed Transit District. The Regency portion of the property includes 103,000 square feet of retail space on 6.6 acres. Safeway and CVS/pharmacy anchor the property. Safeway will retain its current ownership within the shopping center and both Safeway and CVS/pharmacy will remain open and operating as the phased project is constructed.

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Granger-Medical-Clinic-Salt-Lake-City-UT
AcquisitionsHealthcareOfficeUtahWestern

Montecito Medical Buys 95,000 SF Granger Medical Clinic Near Salt Lake City

by Amy Works

WEST VALLEY CITY, UTAH — Montecito Medical has acquired Granger Medical Clinic, a medical office building located in West Valley City, a suburb of Salt Lake City. Terms of the transaction were not released. Built in 2020, the asset features nearly 95,000 square feet of space. Granger Medical Clinic fully occupies the property. Physicians at the property provide a variety of medical services, including urgent care, cancer care, endocrinology, ENT, audiology, family medicine, gastroenterology, internal medicine, ophthalmology, orthopedics, sports medicine, pediatrics and urology. The building also includes an imaging center, lab and pharmacy.

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Executive-Airport-Crossing-Henderson-NV
AcquisitionsIndustrialNevadaWestern

Brass Cap Development Sells 70,000 SF Executive Airport Crossing Industrial Project Near Las Vegas

by Amy Works

HENDERSON, NEV. — Brass Cap Development has completed the disposition of Executive Airport Crossing, a nearly complete industrial project in the West Henderson area near Raiders Way and Volunteer Boulevard. Terms of the transaction were not released. Totaling 70,000 square feet, the property features two buildings that are divisible from 14,446 square feet to 40,000 square feet. The buildings also offer dock- and grade-level loading areas. Executive Airport Crossing provides access to Interstate 15 and 215 Beltway. Las Vegas-based LM Construction designed and built the project.

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400-W-160th-Ave-Broomfield-CO
AcquisitionsColoradoIndustrialWestern

Realterm Logistics Acquires E-Commerce Distribution Facility in North Denver for $94.8M

by Amy Works

BROOMFIELD, COLO. — Annapolis, Md.-based Realterm Logistics has purchased a warehouse and distribution building, located at 400 W. 160th Ave. in Broomfield. Colorado-based McWhinney sold the asset for $94.8 million. Built in fourth-quarter 2021, Amazon occupies the 200,864-square-foot facility. The property features 36-foot clear heights, heating throughout, ESFR sprinklers, ample power, energy-efficient lighting, multiple points of ingress and egress and a concrete truck court apron. Additionally, the property offers a flexible office layout, four entrances/exits, ample outdoor amenity space and extensive landscaping. Will Strong, Jeff Chiate, Kirk Kuller, Mike Adey, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield represented the seller. Alec Rhodes and Aaron Valdez of Cushman & Wakefield provided local market leasing advisory.

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Rainbow-Plaza-Las-Vegas-NV
AcquisitionsNevadaRetailWestern

Brixton Capital Divests of Rainbow Plaza Shopping Center in Las Vegas for $63.7M

by Amy Works

LAS VEGAS — Brixton Capital has completed the sale of Rainbow Plaza, a dual grocery-anchored shopping center in Las Vegas. An undisclosed buyer acquired the asset for $63.7 million. Rob Ippolito of Newmark represented the seller in the deal. Located on the corner of Rainbow Avenue and Charleston Boulevard, Rainbow Plaza features 259,980 square feet of retail space. At the time of sale, the property was 94 percent occupied by credit, internet-resistant tenants, including Albertsons, Ross Dress for Less, The Home Depot, Sprouts Farmers Market, Goodwill, EOS Fitness and Chase Bank. The weighted average tenture of Rainbow Plaza tenants exceeds 15 years with more than 37 percent of the existing tenants having been at the center for more than 25 years.

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Mason-Main-Seattle-WA
DevelopmentMultifamilyWashingtonWestern

Lowe Tops out 550-Unit Mason and Main Apartment Development in Seattle

by Amy Works

SEATTLE — Lowe has topped out the second of two nine-story towers totaling 550 apartments at Mason and Main, a multifamily development within Yesler Terrace in Seattle. The first 335-unit tower topped out in June 2021 and is slated for completion in mid-2022, while the second 215-unit tower is scheduled for completion in the last quarter of 2022. Mason and Main’s 550 apartments range from studio to two-bedroom floor plans, with 26.5 percent designated as affordable housing. Residences will feature modern fixtures and finishes and some units will offer private patios and balconies. Both buildings will offer a variety of communal spaces and amenities, including rooftop decks and lounges, green roof areas, courtyards with barbecues and seating, a community vegetable garden, sky lounges for community events, a media center, gaming room and theater, workshop/hobby room and resident lounge. Additionally, the development will feature a fitness room, dog walk, dog grooming spaces, co-working spaces, 6,800 square feet of ground-floor retail space and 315 parking stalls. Mason and Main is located at 209 12th Ave. S and 1020 S. Main St. Ankrom Moisan Architects designed the property and Compass is serving as general contractor.

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