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September 15
August was a landmark month for tech M&A, with $100B+ in transactions across spectrum, SaaS, and semiconductors. From AT&T’s $23B spectrum acquisition to Thoma Bravo’s $12.3B Dayforce take-private, the report highlights the mega-deals, private equity buyouts, and strategic consolidations shaping the sector.
Download the August 2025 Software & Technology Transactions Report!
Hollywood’s next mega-merger might be on the horizon, as Paramount Skydance is reportedly preparing a majority cash bid for Warner Bros. Discovery in a potential move that would unite two of Tinseltown’s largest studios and streaming platforms. The potential bid is an attempt by Paramount to pre-empt a possible auction for Warner Bros. Discovery’s studio and streaming unit, which could attract tech giants like Amazon and Apple, ahead of the New York-based firm’s planned split into two divisions.
In other M&A news, CVC is said to be snapping up a majority stake in Namecheap in a $1.5B deal that will keep founder Richard Kirkendall at the helm, while 3G Capital officially closed its $9.4B take-private of Skechers with backing from Singapore’s GIC. Over in Europe, JTC’s stock surged as Warburg Pincus and Permira circle with new takeover offers, and Blackstone is weighing the sale of a €1.2B Spanish rental portfolio.
And in AI’s escalating compute race, OpenAI just inked a $300B, five-year deal with Oracle for cloud power, one of the largest such agreements ever, and separately secured a non-binding agreement with Microsoft to restructure into a conventional for-profit entity, paving the way for future capital raises and a potential IPO.
Read on for a full rundown of all the latest transaction news.
CVC Capital Partners to Buy Majority Stake in Namecheap in $1.5B Deal
CVC Capital Partners is said to be acquiring a majority stake in Namecheap, a domain registrar and web-hosting company, in a $1.5B deal. As part of the deal, which is yet to be announced, Namecheap founder and CEO Richard Kirkendall will retain a sizable stake and continue to work closely with CVC post-acquisition. CVC is not new to the domain and web-hosting sector and already owns Webpros, a software company for hosting accounts.
TPG to Acquire GE Vernova's Proficy Software Business for $600M
Private equity firm TPG agreed to acquire GE Vernova’s Proficy manufacturing software business for $600M. The transaction will establish Proficy as a leading independent industrial technology solutions provider, while GE Vernova plans to reinvest the proceeds into its core businesses focused on grid orchestration software. GE Vernova will retain a board observer seat in the newly independent Proficy business. Evercore and Morgan Stanley served as financial advisors to GE Vernova, while Centerview Partners and William Blair advised TPG.
Hg Capital-Backed Visma Buys Alavie to Enhance Regulatory Compliance Offerings
Hg Capital’s portfolio company Visma, a provider of mission-critical business software, acquired Alavie, an Italian provider of regulatory compliance solutions for accountants and professional service firms. Financial terms of the transaction were not disclosed. The deal expands Visma’s accounting and tax software offerings in Italy by adding Alavie's platform, which automates up to 95% of manual compliance processes.
SilverTree Equity Acquires Microsoft Solution Partner mhance
London-based private equity firm SilverTree Equity acquired Manchester, England-based mhance, a Microsoft solution partner, for an undisclosed amount. The transaction will strengthen mhance’s position in the UK by expanding its Azure, Power Platform, and Data & AI capabilities. Julian Stone, founder and former CEO of Pythagoras, a UK-based Microsoft Dynamics partner, was appointed executive chairman of mhance as part of the deal.
Vector Capital Bets on SingleStore’s AI Future in Growth Buyout Deal
Vector Capital Management is leading a growth buyout of SingleStore, a San Francisco-based data platform for enterprise AI, with Google Ventures, Dell Technologies Capital, IBM and REV Venture Partners remaining as investors. The transaction, which includes significant limited partners from Vector Capital such as Adams Street Partners and J.P. Morgan Asset Management, is expected to close in the fourth quarter of 2025, with financial terms undisclosed. Goldman Sachs & Co. served as SingleStore's financial advisor, with Fenwick as legal counsel, while Paul Hastings advised Vector Capital.
Cailabs Raises $66.8M to Accelerate Industrial Expansion
Cailabs raised €57M ($66.8M) in a new structured financing round to fuel its industrial expansion, including a €37M ($43.4M) component from the European Investment Bank. Definvest and Fonds Innovation Defense, NewSpace Capital, the European Innovation Council Fund, Starquest Capital and CAIVE also participated in the financing. The new capital will be used to scale up Cailabs’ production capabilities, expand its international footprint and advance its next-generation laser communications solutions.
Brain Launches from Stealth with $30M Series A Funding
Brain Co. launched from stealth with a $30M Series A financing round co-led by Gil Capital and Affinity Partners, with participation from OpenAI co-founder Andrej Karpathy and Perplexity AI CEO Aravind Srinivas, as well as other well-known leaders Patrick Collison, Reid Hoffman, Brian Armstrong, Mark Weinberger and Andrew Liveris. Brain, which provides an AI platform and applications for some of the world's most important institutions, plans to use the proceeds to advance its unique approach of building applications that automatically incorporate the latest AI capabilities as they are released, ensuring technology remains current.
Syncari Closes Series B Funding Round
Syncari closed a Series B funding round led by Escape Venture Investing, which invested $20M. Syncari provides an Agentic Master Data Management platform designed to solve the problem of scattered data by continuously unifying and governing disjointed enterprise information. The new capital will support the company's rapid growth as customers adopt its platform to replace legacy systems and prepare their data for AI.
Altan Raises $2.5M in Pre-Seed Funding Co-led by VentureFriends, JME Ventures
Altan raised $2.5M in a pre-seed funding round co-led by VentureFriends and JME Ventures, with participation from 4Founders Ventures, Carles Reina of ElevenLabs and a group of angel investors, including Pau Suris, Pau Sabria, Albert Armengol, David Baratech and Lluis Faus. The company is building a platform that utilizes AI agents to autonomously design, build and operate software.
Carlyle Invests in Cybersecurity Provider Quantum Leap
Quantum Leap, a provider of cybersecurity and intelligence solutions, received an undisclosed investment from funds managed by global investment firm Carlyle. Quantum Leap Founder and CEO Jim Miller, Razor’s Edge and other existing shareholders also reinvested in the company. Quantum Leap provides advanced technology and analytical expertise to address national security challenges across the space, cyber, and maritime domains.
Microsoft Signs Non-Binding Deal With OpenAI to Facilitate For-Profit Restructuring
Microsoft agreed to a non-binding deal with OpenAI that allows the San Francisco-based company to restructure into a for-profit company. While financial terms were not disclosed, the agreement marks a significant step forward in their relationship, with Microsoft seeking to ensure continued access to OpenAI's technology. The new deal will allow OpenAI to move forward with plans to raise capital under a conventional corporate structure, including a potential public offering. OpenAI's transition is subject to regulatory approval from attorneys general in California and Delaware, and the company expects to complete the conversion by the end of the year.
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Paramount Skydance Preps Bid for Warner Bros. Discovery
Paramount Skydance is said to be preparing a bid to acquire Warner Bros. Discovery, including its cable networks and movie studio, in a potential move that would bring together two of Hollywood's largest entertainment companies. The majority of the bid, which is backed by the Ellison family, will be made up of cash. The potential bid is an attempt by Paramount to pre-empt a potential bidding war for Warner Bros. Discovery’s studio and streaming unit, which is likely to attract major players such as Amazon and Apple, ahead of the company’s planned restructuring into two separate divisions.
Diana Health Bags $55M to Redefine Women’s Health Across US
New York-based women's health company Diana Health announced a $55M Series C funding round led by HealthQuest Capital, with participation from previous investors Norwest Venture Partners, .406 Ventures, LRVHealth and AlleyCorp. The funding will enable Diana Health, which currently operates nine locations across Tennessee, Florida and Texas, to expand its physical footprint, enhance its clinical programs and improve its digital platform.
Sophont Raises $9.2M to Build Open-Science Medical AI
Sophont, a Sacramento, CA-based company developing multimodal medical foundation models, raised $9.22M in a combined pre-seed and seed funding round. The funding was led by Kindred Ventures, with participation from Delphi Ventures, Upfront Ventures and AICONIC VENTURES, as well as individual investors including Jeff Dean, Logan Kilpatrick, Clem Delangue (via Factorial Capital) and Lukas Biewald. The funding will be used to build and foster an open-science ecosystem for medical AI.
Mevaldi Secures Strategic Investment for Next-Gen Bio-Based Materials
Dutch biotech company Mevaldi B.V. closed an undisclosed amount of funding round with High-Tech Gründerfonds (HTGF) and ICIG Ventures, the venture capital unit of International Chemical Investors Group (ICIG). The investment, consisting of equity and a working capital facility, will enable the company to scale up its patented hybrid bio-thermocatalytic process for creating sustainable, bio-based building blocks from renewable raw materials such as sugar and sawdust. The funding also follows an EU grant from the Circular Bio-based Europe Joint Undertaking (CBE JU) program.
First Children Services Secures Growth Capital From Station Partners
Morristown, NJ-based investment firm Station Partners provided a strategic growth investment to First Children Services (FCS), a provider of behavioral health and special education services in New Jersey and Pennsylvania. The deal aims to support FCS's continued expansion in providing center-, home- and school-based behavioral health and special education services to children and adolescents. Provident Healthcare Partners advised FCS, with legal counsel from Porzio Bromberg & Newman P.C., while Troutman Pepper Locke provided legal counsel to Station Partners.
Apax Partners Enlists Nomura, UBS for Potential Gamalife Sale
London-based private equity firm Apax Partners is reportedly preparing a sale of its European life insurance consolidator Gamalife, at a valuation of about $703M. Apax enlisted the help of Tokyo-based Nomura Holdings and Zurich-based UBS Group to arrange the potential transaction, which has already attracted interest from other private equity firms and insurance companies.
Shenyang Shengjing Raises Bid to Take Shengjing Bank Private
State-backed Shenyang Shengjing Financial Holding Investment Group reportedly increased its offer to take Chinese regional lender Shengjing Bank Co. private. The revised final bid raises the offer for the bank’s Hong Kong-listed shares to HKD1.60 each and for domestic shares to CNY1.45. Shengjing Bank faces significant financial challenges, stemming in part from its past exposure to embattled developer China Evergrande Group. The bank's financial health has deteriorated since 2019, with a sharp decline in revenue and profit.
Mazlo Bags $4.5M to Build Banking Platform for Nonprofit Finance
San Francisco-based fintech company Mazlo emerged from stealth with a $4.5M oversubscribed seed round led by Westbound Equity Partners and super{set}, with participation from Social Good Fund, a16z and advisors Charles Oppenheimer and Chef Dunny. The company plans to use the funds to build a compliance-driven banking platform specifically for nonprofit finance and expand its operations and development efforts.
Marloo Lands $2.7M to Bring AI-Powered Tools to Financial Advisors
Sydney-based AI assistant company Marloo raised $2.7M in a funding round led by Blackbird Ventures, with participation from CoVentures. The company, which provides AI-first software for financial advisors across the United Kingdom, Australia and New Zealand and operates with SOC 2 Type 2 and GDPR compliance, will use the capital to accelerate its product development and expansion.
Coterie Secures Allianz X Investment, Expands Reinsurance Ties
Allianz X, the strategic investment arm of Allianz Group, made a strategic equity investment in Coterie Insurance, a tech-enabled managing general agent (MGA) specializing in property and casualty (P&C) commercial insurance for small to mid-size businesses (SMBs) in the US. This deal, which also involves an expanded reinsurance relationship with Allianz Reinsurance, is part of Coterie's Series C investment round and aims to support its growth in the micro-commercial space.
Carlyle’s Hilb Group Grows Again, Snapping Up NC Benefits Firm
Richmond, VA-based insurance brokerage and advisory firm The Hilb Group, a portfolio company of The Carlyle Group, expanded its presence in the Southeast region by acquiring an unnamed North Carolina-based life, health and employee benefits business. The deal adds to the firm's portfolio, which includes over 190 acquisitions with more than 125 offices across 32 states.
Groww Parent Billionbrains Gears Up for $800M IPO at $8B Valuation
Billionbrains Garage Ventures, the parent company of India’s largest investment platform Groww, is reportedly preparing for an IPO in Mumbai as early as next week, seeking to raise between $650M and $800M at a valuation of up to $8B. The company is backed by investors including Microsoft CEO Satya Nadella, Peak XV Partners, Ribbit Capital, and Tiger Global Management. JPMorgan Chase & Co., Kotak Mahindra Bank, Citigroup, Axis Bank and Motilal Oswal Investment Advisors are advising the offering.
Warburg Pincus, Permira Vie for £2.27B JTC in London Takeover Race
London-listed fund solutions and corporate services provider JTC is in early-stage talks with Warburg Pincus and Permira after rejecting their earlier takeover proposals. While the terms of the offers were not disclosed, Warburg Pincus has until Oct. 10 and Permira until Sept. 26 to make firm bids, with Deutsche Numis, Robert W. Baird & Co., and Berenberg advising JTC, and Jefferies Financial Group advising Permira. JTC commanded a market cap of £2.27B ($3.1B) after its shares jumped as much as 13% on Sept. 12.
Axxiom Elevator Expands Service to Texas, Bay Area With New Acquisition
Axxiom Elevator, an elevator maintenance and repair firm backed by Gauge Capital, acquired Ameritex Elevator. The strategic move broadens Axxiom's reach into the key markets of San Antonio and the San Francisco Bay Area. The acquisition combines Axxiom’s industry leadership with Ameritex’s strong reputation for high-quality service, reinforcing Axxiom's commitment to excellence and growth.
Star Mountain Exits DCCM After Transformative Growth
New York-based investment firm Star Mountain Capital successfully exited its investment in Design Consulting Construction Management (DCCM), a Houston-based engineering and infrastructure consulting firm. The exit was made alongside White Wolf Capital Group. Under Star Mountain’s ownership, DCCM achieved significant growth to operate in 46 states with over 1,100 employees.
Prop-Tech Startup WeHouse Raises $2.8M for Expansion Drive
WeHouse (formerly Hocomoco), a Hyderabad, India-based prop-tech startup that provides tech-led solutions for home construction and reconstruction, secured $2.8M in a Series A funding round, a combination of debt and equity, to expand operations to five new cities. The round saw participation from existing investors Anthill Ventures, Suresh Babu Daggubati, Gaurav Marya, and Mohnish Yerra.
CVC-Backed Ahlsell Brings in Blue-Chip Backers to Fuel Next Growth Phase
Stockholm-based B2B industrial distributor Ahlsell welcomed a new group of undisclosed "blue-chip investors" into its shareholder base, alongside current controlling shareholder CVC, to support the next phase of growth. BofA Securities and Lazard advised CVC on the transaction, which is expected to close in the fourth quarter of 2025.
Blue Owl Capital, Oak Hill Advisors Lead $1.3B Debt Package for Wrench Group
A group of private credit firms led by Blue Owl Capital and Oak Hill Advisors is reportedly providing a $1.3B private debt package to Wrench Group, a residential HVAC, plumbing and electrical services company. The financing, which includes a term loan, a delayed-draw loan and a revolving credit facility, is intended to replace Wrench Group's existing bank financing. Blue Owl will act as the administrative agent on the loan. The transaction also involves lenders like Crescent Capital Group and is backed by Wrench Group's private equity sponsors Leonard Green & Partners, TSG Consumer Partners and Oak Hill Capital. Jefferies Financial Group was the agent for the previous bank debt.
Skechers Joins 3G Capital Upon Completion of $9.4B Take-Private Deal
3G Capital completed its acquisition of the Fortune 500 footwear company Skechers. The take-private deal, which was first announced in May, was valued at $9.4B and involved 3G affiliate Beach Acquisition with a partial investment from Singaporean wealth fund GIC’s Kakapo Investment arm. JPMorgan Securities and Paul, Weiss, Rifkind, Wharton & Garrison provided advice for 3G Capital, while Mizuho-affiliate Greenhill and Latham & Watkins advised Skechers.
Thoma Bravo Completes $2B Acquisition of Restaurant Platform Olo
Thoma Bravo completed its $2B, all-cash acquisition of Olo, a leading open SaaS platform for restaurants. The agreement was approved by Olo stockholders on Sept. 9, and Olo will become a privately held company with its common stock delisted from the NYSE. Goldman Sachs served as the exclusive financial advisor and Goodwin Procter served as legal counsel to Olo, while Kirkland & Ellis served as legal counsel to Thoma Bravo.
Armani Will Reveals Plan to Sell Stake in Fashion House
Italian fashion mogul Giorgio Armani opened the possibility of a sale of his fashion house Giorgio Armani SpA after his death on Sept. 4. In his will, which was published Sept. 12, Armani directed his heirs to sell an initial 15% stake in the fashion house to one of three preferred buyers, LVMH, EssilorLuxottica, or L’Oréal, or a similar firm within 18 months, with the potential for the firm to acquire a majority stake later. The move, which comes as a surprise after decades of the brand's independence, sets in motion a clear roadmap for its future as part of a larger luxury group. As an alternative, the firm could be listed on a public stock market.
Frazil Expands SoCal Footprint with Acquisition of Berkeley Street Beverage
Frazil (also known as Freezing Point), the largest slush brand in the US based in Salt Lake City and backed by Plexus Capital, acquired the equipment and customer accounts of Berkeley Street Beverage, a frozen beverage provider in Southern California. The acquisition builds on Berkeley Street Beverage's two decades of regional expertise, ensuring a seamless transition and continued high-quality service for all customers.
Treat Planet Expands Portfolio With Canadian Bosco & Roxy’s
Pet treat platform Treat Planet, a portfolio company of Inverness Graham, acquired Canadian baked dog treats maker Bosco & Roxy’s. The acquisition expands Treat Planet's portfolio of branded and private-label dog treats and strengthens its position as a market leader in the "Grab-and-Go" category. Faegre Drinker Biddle & Reath served as legal counsel to Inverness Graham.
Black Rock Coffee Bar Raises $294.1M in IPO
Scottsdale, AZ-based Black Rock Coffee Bar, the drive-through coffee chain, raised $294.1M in its IPO of 14.7M shares. The company, which achieved a market value of over $956M, envisions the IPO to aid fuel its growth plans, which include opening 30 new stores in 2025 and targeting a total of 1,000 locations by 2035. The offering is led by JPMorgan Chase & Co, Jefferies Financial Group, Morgan Stanley, and Robert W. Baird.
OpenAI Commits $300B to Oracle in Massive Cloud Deal
OpenAI signed an agreement with Oracle to purchase $300B in cloud computing power over five years, one of the largest deals of its kind. Starting in 2027, the agreement provides OpenAI with 4.5 GW of power capacity, significantly expanding its ability to build new AI models and services. The deal reflects the escalating demand for computing power in the AI industry and marks a major new partnership for both companies.
CVC, Trafigura Reportedly Eyeing Acquisition of Rubis
CVC Capital Partners and Trafigura Group are reportedly among potential bidders for French fuel distributor Rubis SCA. The companies are said to be weighing separate offers for Rubis, which distributes gasoline and other products in Europe, Africa and the Caribbean. The potential sale comes as Rubis faces pressure from major shareholders to change its governance and strategic direction.
India’s Zunroof Raises $2.85M Fresh Funding
Zunroof, an Indian solar and smart home startup, raised $2.85M in new funding led by ANBG Enterprise, the family office of Godrej Group. The company, which specializes in rooftop solar and smart home solutions, has secured over $15M in total funding to date.
Rio Grande Receives Investment From GIP, Mubadala
BlackRock’s Global Infrastructure Partners (GIP), Mubadala Investment, and TotalEnergies committed $1.7B in equity to support the funding of the fourth liquefaction train and related infrastructure at Rio Grande LNG. GIP was advised by Kirkland & Ellis on its investment.
Kuwait’s KPC Mulls Leasing Pipelines to Fund $65B Investment
Kuwait Petroleum Corp (KPC) is said to be exploring a plan to lease a portion of its pipeline network to raise between $5B and $7B. The move would help fund the company’s $65B investment plan, which aims to boost oil production and expand petrochemicals. The potential transaction, advised by Centerview Partners, would be similar to asset monetization deals recently conducted by neighboring state-owned energy firms in Saudi Arabia and the UAE.
Motrec Acquired by Montreal Investment Firm Norea Capital
Motrec International, a Sherbrooke, Canada-based manufacturer of industrial electric vehicles, was acquired by Norea Capital, an investment firm based in Montreal. The acquisition allows the company to accelerate its growth and expand its global presence. As part of the deal, Rodier Grondin was named the new CEO, taking over from Blair McIntosh, who led the company for 15 years and will remain a minority shareholder.
Roofing Corp of America Acquires Springer-Peterson
Roofing Corp of America (RCA), a Soundcore Capital Partners portfolio company, completed the acquisition of Springer-Peterson Roofing & Sheet Metal, marking its 15th transaction. The move expands RCA's position in Florida, adding Springer-Peterson's central Florida operations to its portfolio, which includes brands like Crowther Roofing & Cooling.
VitalEdge Snaps Up Equipment Dealer-focused Rental Platform
True Wind Capital- and TA Associates-backed VitalEdge Technologies acquired Integrated Rental Systems, a SaaS rental software for equipment dealers based in Long Beach, CA. VitalEdge Technologies is a provider of heavy equipment dealer management solutions. As a part of the transaction, Integrated Rental CEO Alise Moncure will join VitalEdge as president of Expansion Markets. Kirkland & Ellis provided advice for VitalEdge Technologies in the deal.
Garden Equity PortCo Expands Portfolio With American Lightscapes Deal
Commercial Residential Aluminum (CRA) acquired American Lightscapes, a Sarasota, FL-based provider of landscape lighting and design solutions. The move is CRA's first acquisition since partnering with Garden City Equity and expands its portfolio of exterior aluminum product solutions in Florida. The addition of lighting services will provide enhanced offerings and support CRA's goal of becoming the state's leading exterior solutions provider.
Apex Achieves Unicorn Status with $200M Series D Funding
Apex, a manufacturer of satellite bus platforms, raised a $200M Series D funding round led by Interlagos, pushing its valuation past the $1B mark. The new capital will be used to expand production capacity at the company's Los Angeles-based facility and accelerate the delivery of satellites to meet the growing demand from both commercial and government customers.
Dig Energy Secures $5M to Accelerate Geothermal Drilling
Dig Energy, a geothermal technology company, raised $5M in venture financing co-led by Azolla Ventures and Avila VC. The funding supports pilot installations of the company’s patented drilling technology, which is designed to reduce drilling costs by up to 80%.
PeakAmp Raises $1.37M to Advance Battery Circularity
PeakAmp, an Indian battery circularity company, secured about $1.37M in a seed funding round led by Caret Capital, with participation from IIMA Ventures and other investors. The company aims to create a full-stack solution for end-of-life electric vehicle batteries, focusing on collection, repurposing and high-purity material recovery to support India's clean energy transition.
Ukrainian Defense Firm Receives Investment From US-based Green Flag
Green Flag Ventures invested in Ukrainian defense technology firm Falcons. The new investment enables Falcons to scale the production of its radio frequency direction-finding system. ETER, Falcons’ flagship product, is a Direction Finder Set that detects enemy radio signals from devices like drones, communication gear, relays and electronic warfare assets.
Via Transportation Raises $492.8M in IPO
Via Transportation, a technology provider for public transit networks, priced its IPO at $46 per share, raising approximately $492.8M. The company is offering 7.1M shares, with selling stockholders offering an additional 3.5M. The IPO is led by Goldman Sachs & Co, Morgan Stanley, Allen & Company and Wells Fargo Securities, with the company’s shares set to trade on the NYSE under the ticker "VIA."
Legence Corp Reveals IPO Price
Legence Corp priced its IPO of 26M shares at $28 apiece, expecting to raise an estimated $688M in net proceeds. The shares are expected to begin trading on the Nasdaq under the ticker symbol "LGN." Goldman Sachs & Co. and Jefferies are acting as joint lead book-running managers for the offering, with a number of other firms also serving as bookrunners.
Blackstone Eyes Sale of $1.4B Spanish Rental Portfolio
Blackstone is considering the sale of a €1.2B ($1.4B) Spanish rental portfolio, marking a continued exit from its post-financial crisis investment in Iberian real estate. The properties, managed by Madrid-based Fidere Patrimonio Socimi SA, were acquired by Blackstone in 2013. Blackstone plans to retain ownership of the management platform. Jones Lang LaSalle and Eastdil Secured are advising Blackstone on the potential sale.
Regent Unloads $22.5M Flex Office/Industrial Portfolio in Phoenix
A private investor acquired a two-building flex industrial and office portfolio in Phoenix from Regent Properties for $22.5M. The portfolio, located in the North Loop 101 Business Center, includes a building with American Defense Structures as a tenant and a building leased to Super Star Car Wash HQ, Paradise Behavioral Health and National Dentex. The buyer was represented by Geoffrey Turbow, Anthony DeLorenzo and Ashley Brooks of CBRE.
Illinois Distribution Facility Sold to Wahid Properties for $1.9M
Wahid Properties purchased a warehouse and distribution center located in Addison, IL, from Liberty Partners for $1.9M. Wahid will occupy the 15.5K-square foot property. Lee & Associates represented Wahid Properties, while Transwestern Real Estate Services represented the dealer.
Hackney Lands Greeneville Commons Shopping Center in TN
Richmond, VA-based real estate investment firm Hackney Real Estate Partners acquired Greeneville Commons, a shopping center in Greeneville, TN. The property, which was over 90% leased to tenants including Ross Dress for Less and Hobby Lobby, was sold by an undisclosed institutional client, represented by Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews.
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