Tuesday, July 8, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

sale1

AcquisitionsMidwestOfficeOhio

JLL Arranges $65.5M Acquisition Loan for Bon Secours Mercy Health Headquarters Building in Cincinnati

by Kristin Harlow

CINCINNATI — JLL Capital Markets has arranged a $65.5 million loan for the acquisition of the Bon Secours Mercy Health headquarters building located at 1701 Mercy Place in Cincinnati’s Bond Hill neighborhood. The Class A office building spans 368,500 square feet. Completed in 2016, the property is fully leased to Mercy Health with 14 years remaining on the lease term. The facility serves as the administrative and executive headquarters for Mercy Health, which is Ohio’s largest healthcare delivery system and fourth-largest employer. Amenities at the building include a fitness center, outdoor dining area, food market, walking trail, ergonomic workstations and treadmill desks. The five-story property also features parking for more than 1,400 vehicles. Keith Largay and Lucas Borges of JLL represented the borrowers, 90 North Real Estate Partners and Kuwait-based Rasameel Investment Co. PNC Bank provided the five-year loan, which features a fixed interest rate below 2.5 percent.

Continue Reading
FacebookTwitterLinkedinEmail
Chauncey-Lane-Marketplace-Scottsdale-AZ
AcquisitionsArizonaOfficeRestaurantRetailWestern

Cushman & Wakefield Brokers $17.4M Sale of Chauncey Lane Marketplace Office/Retail Property in Scottsdale

by Amy Works

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the sale of Chauncey Lane Marketplace, a mixed-use development in north Scottsdale. Los Angeles-based Ronal LLC acquired the asset from Chauncey Retail Partners for $17.4 million. Located at 17757 and 17767 N. Scottsdale Road, the property features 34,963 square feet of office and retail space. Current tenants include a breakfast diner, cocktail lounge, salon/spa, financial advisory offices, a law firm, residential development firm and a dental practice. The asset was developed in 2019. Eric Wichterman and Mike Coover of Cushman & Wakefield handled the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Walgreens
AcquisitionsFloridaRetailSoutheast

Limestone, Orion Real Estate Purchase 27-Property Walgreens Portfolio for $133M

by Julia Sanders

MIAMI, FLA. — A joint venture between Miami-based Limestone Asset Management and Orion Real Estate Group has purchased a 27-property portfolio of Walgreens-occupied assets for $133 million. Wells Fargo provided financing for the acquisition. Kevin Sanz of Orion Real Estate Group led the buyer group. Brian Pfohl and Maury Vanden Eykel of CBRE Inc. represented the seller in the transaction. Further details on the properties were not disclosed. Miami-based Limestone Asset Management is a real estate investment firm and an affiliate of Orion Real Estate Group, its joint venture partner in the deal. Orion Real Estate Group is a Miami-based provider of commercial real estate services.

Continue Reading
FacebookTwitterLinkedinEmail
Asher-Oaks-Apartments-Spring
AcquisitionsMultifamilyTexas

Caldwell Cos. Sells 330-Unit Asher Oaks Apartments in Metro Houston

by Taylor Williams

SPRING, TEXAS — Locally based development and investment firm Caldwell Cos. has sold Asher Oaks, a 330-unit apartment community located in the northern Houston suburb of Spring. The 18-acre property opened in 2019 and features one-, two- and three-bedroom units that are furnished with quartz and granite countertops, stainless steel appliances, tile backsplashes and custom cabinetry in select units. Amenities include a resort-style pool with lounge seating, a social patio with an outdoor kitchen and fireplace patio, demonstration kitchen, golf simulator, yoga and cycling room, fitness center, coffee bar and a work area. The undisclosed buyer has since rebranded the property as Savannah Oaks.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestNebraskaOffice

Investors Realty Brokers $21.9M Sale of Two Office Buildings in Omaha

by Kristin Harlow

OMAHA, NEB. — Investors Realty has brokered the sale of two office buildings in Omaha for $21.9 million. The single-tenant, Class A properties are located at 17605 and 17645 Wright St. The buildings serve as the headquarters for Orion Advisors Solutions, which maintains approximately 1,000 employees. Ember Grummons of Investors Realty represented the seller, an affiliate of Lockwood Development. Grummons also procured the buyer, Sentinel Net Lease.

Continue Reading
FacebookTwitterLinkedinEmail
Palomino-Park-Apts-Denver-CO
AcquisitionsColoradoMultifamilyWestern

Nuveen Real Estate Sells 1,184-Unit Palomino Park Apartments in Southeast Denver for $435M

by Amy Works

DENVER — Nuveen Real Estate has completed the sale of Palomino Park Apartments, located at 6700 Palomino Parkway in the Highlands Ranch submarket of southeast Denver. An undisclosed buyer acquired the asset for $435 million. Totaling 1,184 units, Palomino Park consists of three villages: Blue Ridge, Green River and Red Canyon, each offering its own identity and 4,000-square-foot clubhouse. The acquisition also includes access to the Colorado Club, a 26,000-square-foot recreation center situated on a 30-acre central park within the master-planned community. The park serves as an amenity for the three apartment villages, as well as the two for-sale, owner-occupied villages within the 106-acre master-planned development. Matthew Lawton, Jordan Robbins and Pamela Koster of JLL Capital Markets represented the seller in the transaction. Andy Scott, Whitaker Johnson and Robert Bova of JLL arranged $282.7 million in acquisition financing for the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Alexan-Henderson-Dallas
AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 321-Unit Alexan Henderson Apartments in Dallas

by Taylor Williams

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Alexan Henderson, a 321-unit apartment community in the Knox-Henderson area of Dallas. The property was built in 2017 and offers amenities such as a resort-style pool, rooftop lounge, coworking space and a dog park with two pet spas. Drew Kile, Joey Tumminello, Will Balthrope, Taylor Hill, Michael Ware and Grant Raymond of IPA represented the seller, Trammell Crow Residential, in the transaction. The team also procured the buyer, Nuveen Real Estate.

Continue Reading
FacebookTwitterLinkedinEmail
Sprouts
AcquisitionsFloridaRetailSoutheast

JLL Brokers $14.4M Sale of New Sprouts-Leased Property in Estero, Florida

by Julia Sanders

ESTERO, FLA. — JLL Capital Markets has brokered the $14.4 million sale of a freestanding, single-tenant grocery store in Estero leased to Sprouts Farmers Market. Michael Brewster, Brad Peterson and Tommy Isola of JLL represented the seller, Brentwood, Tenn.-based developer GBT Realty, in the transaction. An undisclosed private investor purchased the property. The Sprouts store is located at 19990 S. Tamiami Trail in metro Fort Myers. The property is adjacent to a Walmart and is located close to a Texas Roadhouse, 9 Thai-Sushi and an Aldi. The 29,896-square-foot store is 14 miles from Fort Myers. Sprouts opened the Estero location in 2020.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

JLL Brokers $20.7M Sale of Apartment Community in Barrington, Illinois

by Kristin Harlow

BARRINGTON, ILL. — JLL Capital Markets has brokered the $20.7 million sale of 101 West, a 64-unit apartment community in Barrington, about 40 miles northwest of Chicago. Units average 982 square feet. Amenities include a community room, rooftop terrace, fitness center, pet grooming station and heated parking. The property is located at 101 W. Liberty St. and is a 10-minute walk from the Barrington Metra Station. Marty O’Connell, David Gaines and Kyle Butler of JLL represented the seller, Monroe Residential Partners LLC. HP Ventures Group LLC was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Park Place
AcquisitionsFloridaMultifamilySoutheast

ZMR Capital Acquires Park Place Apartments in Fort Myers, Florida for $44.5M

by Julia Sanders

FORT MYERS, FLA. — ZMR Capital has acquired Park Place Apartments, a 338-unit multifamily community in Fort Myers, in an off-market transaction for $44.5 million. Park Place is ZMR’s seventh investment in Florida but marks the company’s first property in Fort Myers. Located at 4637 Deleon St., Park Place features a mix of studio, one-, two- and three-bedroom floorplans. More than 50 percent of the units are in its original condition. Park Place was originally built as two separate apartment communities and later was combined into a single property. The apartment property was 95 percent occupied at the time of sale. ZMR will launch a multimillion-dollar capital improvement plan that includes the installation of washers and dryers, new stainless steel appliances, upgraded countertops and cabinetry, modern backsplashes and new plank flooring. Improvements will be made as units turnover. Exterior renovations will include new paint, landscaping and new signage. ZMR also says it will renovate the property’s three pools and deck areas, as well as add outdoor kitchens, a playground and barbecue areas. Michael Regan, Francesco Carriera and Joseph Thavis of CBRE’s Tampa office represented ZMR and the seller, New York City-based NorthEnd Equities. ZMR Capital is a Tampa-based real estate …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts