Acquisitions Archives - REBusinessOnline

Newman Commercial Buys 7,100 SF Retail Strip Center in The Woodlands, Texas

Taylor Williams — Fri, 22 May 2026 15:19:48 +0000

THE WOODLANDS, TEXAS — Newman Commercial Real Estate has acquired Grogan’s Forest Center, a 7,100-square-foot retail strip center in The Woodlands, about 30 miles north of Houston. The center is home to tenants such as Komeya Sushi & Ramen, Great Clips, Prime Dental Care USA and Feng Cha. The deal traded off-market. The seller and sales price were not disclosed.

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Newmark Brokers $32.1M Sale of Metro Boston Healthcare Property

Taylor Williams — Fri, 22 May 2026 14:49:05 +0000

WATERTOWN, MASS. — Newmark has brokered the $32.1 million sale of a 52,847-square-foot healthcare property located at 485 Arsenal St. in the western Boston suburb of Watertown. The property consists of two interconnected, low-rise buildings that were fully leased at the time of sale to Atrius Health, a subsidiary of Optum and United Healthcare Services Inc. A partnership between Boylston Properties and institutional investors advised by J.P. Morgan Asset Management sold the asset to JLL Income Property Trust. Robert Griffin, Michael Greeley, Frank Nelson, Blake McLaughlin, Ben Appel, Jay Miele, John Nero and Justin Shepherd of Newmark brokered the deal.

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Lingerfelt Sells Logistics Park in Colonial Heights, Virginia for $78.2M

Abby Cox — Fri, 22 May 2026 14:10:22 +0000

COLONIAL HEIGHTS, VA. — Lingerfelt has sold Ashton Logistics Park, a 523,047-square-foot industrial facility located in Colonial Heights, a suburb of Richmond. Newmark represented Lingerfelt in the $78.2 million transaction. The buyer requested anonymity. Delivered by Lingerfelt in 2024, Ashton Logistics Park spans 52 acres and features two buildings situated at 1630 and 1660 Ashton Park Drive. The buildings were fully leased at the time of sale with an 8.5-year weighted average lease term (WALT) remaining. The first building is a 437,657-square-foot cross-dock facility that is leased to Article.com, a Vancouver-based direct-to-consumer furniture and home décor brand. The second building is an 85,750-square-foot rear-load facility that is leased to Shepherd Electric Co., a wholesale electric distributor and wholly owned subsidiary of Graybar. The project team included ARCO Design-Build (architect and general contractor) and Townes Site Engineering (civil engineer). Range Commercial Partners manages Ashton Logistics Park, while Colliers handles leasing at the property.

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Dominium Acquires Affordable Seniors Housing Community in Duluth, Georgia, Plans $9.9M Renovation

Abby Cox — Fri, 22 May 2026 14:09:40 +0000

DULUTH, GA. — Dominium has acquired Sweetwater Terraces, a 165-unit affordable seniors housing community located in Duluth, a northeast suburb of Atlanta. The property was originally developed in 2008 under the Low-Income Housing Tax Credit (LIHTC) program. Dominium has planned a $9.9 million renovation of the property to include updates to roofing, siding and unit interiors, as well as the clubhouse and amenity spaces. The Plymouth, Minn.-based affordable housing developer and investor plans to preserve the affordability status of Sweetwater Terraces during its ownership period. The four-story residential community comprises studio, one-, two- and three-bedroom apartments ranging in size from 496 to 1,158 square feet, according to Apartments.com. Amenities include a community garden, fitness center, salon and shuffleboard courts.

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Premier Logistics, Penwood Acquire Two Industrial Buildings in Inland Empire Totaling 1.5 MSF

Amy Works — Fri, 22 May 2026 13:45:47 +0000

RIALTO, CALIF. — Premier Logistics Properties, in partnership with Penwood Real Estate Investment Management, has purchased two infill big-box warehouses in the Inland Empire. Totaling 1.5 million square feet, the acquisition includes two Class A buildings located at 1568 and 1660 N. Linden Ave. in Rialto. Situated on 107 acres, the assets feature 36- to 42-foot clear heights, full concrete truck courts and “significant” employee parking and trailer storage. Steve Silk and Mark Alfert of Eastdil Secured represented the undisclosed seller, while Bo Mills of KBC Capital Partners represented the buyers in the transaction.

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Legacy Purchases Development Site in Southern Arizona, Plans 45,000 SF Retail Center

Amy Works — Fri, 22 May 2026 13:43:53 +0000

MARICOPA, ARIZ. — Legacy Development Partners has purchased a development site in Maricopa for a planned, ground-up retail center. Construction on the property is expected to begin immediately. Dubbed Legacy on Porter, the 6.6-acre project will deliver more than 45,000 square feet of retail, restaurant and service-oriented space. Confirmed tenants include Goodwill, Chipotle Mexican Grill, Jersey Mike’s Subs, HTeaO, Orlie’s Taproom and Swig. Leasing negotiations for the remaining shop space and pad sites are ongoing.

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Bascom Arizona Ventures Buys Multifamily Community in Tucson for $45.5M

Amy Works — Fri, 22 May 2026 13:36:16 +0000

TUCSON, ARIZ. — Bascom Arizona Ventures, a subsidiary of Irvine, Calif.-based The Bascom Group, has acquired Domain 3201, an apartment property in Tucson, from an undisclosed seller for $45.5 million, or $157,439 per unit, in an off-market transaction. Arizona-based Bryten Real Estate Partners will manage the asset. BrightSpire Capital Acquisitions provided acquisition financing, which was arranged by Brian Eisendrath, Cameron Chalfant, Ben Margolis and Jesse Zarouk of Institutional Property Advisors (IPA), a division of Marcus & Millichap. Hamid Panahi, Clint Wadlund, Steve Gebing and Cliff David of IPA advised the buyer and seller in the deal. Constructed in two phases in 1985 and 1990, Domain 3201 features 289 one-, two- and three-bedroom floor plans, three swimming pools, two spas, open green spaces, a fitness center, yoga studio, clubhouse, business center and two pickleball courts. The new ownership is planning a capital improvement program to refresh the clubhouse and leasing office spaces, enhance the pool, spa and fitness areas and upgrade residences.

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Colliers Brokers $30M Sale of Meadowlark Industrial Center Near Portland

Amy Works — Fri, 22 May 2026 13:33:55 +0000

CORNELIUS, ORE. — Colliers has negotiated the sale of Meadowlark Industrial Center, a Class A industrial facility located at 404 N. Holladay St. in Cornelius, a suburb in Portland’s Sunset Corridor/Silicon Forest submarket. The asset traded for $30 million, or $193 per square foot. The names of the buyer and seller were not released. Situated on 7.3 acres, the property was developed in 2024 and designed to accommodate both traditional distribution and specialized users. Omega Morgan, a specialized heavy equipment transport provider, fully occupies the 154,646-square-foot facility on a long-term basis. Mike Kendall, Gian Bruno, Nick Mascheroni, Kenny Patricia and Kylie Jones of Colliers led the transaction. Jerry Matson, Mike Thomas and Karen Lisignoli of Colliers provided local market support. Colliers’ Chris Johnson and Brett Johnson represented the buyer in the deal.

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MAG Capital Partners Acquires Two Indianapolis Cold Storage Facilities in Sale-Leaseback

Kristin Harlow — Fri, 22 May 2026 13:01:00 +0000

INDIANAPOLIS — MAG Capital Partners has acquired two temperature-controlled properties in Indianapolis from FreshEdge, a distributor of customized fresh food solutions, in a sale-leaseback transaction. Situated along I-70, the company’s 104,114-square-foot headquarters facility at 4501 Massachusetts Ave. features clear heights ranging from 23 to 34 feet, 39 dock doors and one drive-in door. The transaction also includes 5930 W. 82nd St., a 28,800-square-foot warehouse with a clear height of 21 feet and four drive-in doors. Todd Heine, Brendan Keely, Daniel LaPierre and Noah Shutan of Colliers brokered the sale.

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Portman Acquires 73-Story Westin Peachtree Plaza Hotel in Downtown Atlanta from Marriott

John Nelson — Fri, 22 May 2026 12:00:00 +0000

ATLANTA — Portman has acquired the Westin Peachtree Plaza, a 73-story, cylindrically shaped hotel in downtown Atlanta. Marriott International Inc. (NASDAQ: MAR) sold the 1,073-room, full-service hotel but will continue to operate it under Portman’s ownership. “Marriott International has maintained a strong, long-standing relationship with Portman, and we are confident in their ability to realize the full potential of the iconic Westin Peachtree Plaza in the years ahead,” says Cameron Read, CFO for the United States and Canada at Marriott International. “We look forward to continuing to work closely with Portman through our ongoing management of the hotel.” Portman, a real estate development, investment and management firm based in Atlanta, purchased the hotel via its Portman Hospitality Fund I LP. The sales price was not disclosed. The acquisition was a full-circle moment for Portman as Westin Peachtree Plaza was delivered in 1976 by John C. Portman Jr., founder of the Portman company and a world-renowned architect best known for designing high-end, futuristic hospitality properties. His work includes designing the Atlanta and New York Marriott Marquis hotels; Renaissance Center, Detroit; Hyatt Regency San Francisco; Portman Ritz-Carlton Shanghai; and the Westin Bonaventure Hotel & Suites Los Angeles, among others. “Hospitality is in Portman’s…

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Eastham Capital Sells 194-Unit Apartment Complex in Southeast Houston

Taylor Williams — Thu, 21 May 2026 14:10:00 +0000

HOUSTON — Florida-based real estate private equity firm Eastham Capital has sold University Green Apartments, a 194-unit multifamily complex in southeast Houston. The property offers one- and two-bedroom units that range in size from 424 to 988 square feet. Amenities include a pool, fitness center and a dog park. Eastham Capital acquired the asset in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed. University Green Apartments was roughly 97 percent occupied at the time of sale.

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US Merchants Buys 453,960 SF Industrial Facility in Surprise, Arizona

Amy Works — Thu, 21 May 2026 13:49:40 +0000

SURPRISE, ARIZ. — US Merchants has purchased Building One at West Summit at Surprise from developer Mohr Capital for $63.9 million. Located at 13401 W. Sweetwater Ave., the 453,960-square-foot Building One features a clear height of 36 feet, LED lighting and a 2,951-square-foot speculative office suite. The fully air conditioned asset is served by 3,000 amps of expandable power, 60-foot speed bays, a 145-foot secured concrete truck court, 101 dock doors, four grade-level doors and the ability to park 368 cars and 144 trailers. Completed in third-quarter 2024, West Summit at Surprise features two industrial buildings offering a total of 704,472 square feet, with the 250,512-square-foot Building Two located at 12600 N. Summit Way. The project is located within Summit Business Park, along the BNSF Railroad. Anthony Lydon, John Lydon and Kelly Royle of JLL represented the seller, while Joey Sugar and John Grady of CBRE represented the buyer in transaction.

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CBRE Negotiates Sale of 24,660 SF Industrial Property in San Marcos, California

Amy Works — Thu, 21 May 2026 13:45:31 +0000

SAN MARCOS, CALIF. — CBRE has arranged the sale of a single-tenant industrial property located at 177 Vallecitos de Oro in San Marcos. A local family trust acquired the asset from Davis, Gottleib & Shaw LP for $4.4 million. Window World, a national replacement window and exterior remodeling company, occupies the 24,660-square-foot property on a long-term, triple-net lease basis. Matt Pourcho, Blake Wilson, Roger Carlson and Anthony DeLorenzo of CBRE represented the seller in the transaction.

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Marcus & Millichap Brokers Sale of Two-Tenant Retail Property in Las Vegas

Amy Works — Thu, 21 May 2026 13:44:29 +0000

LAS VEGAS — Marcus & Millichap has brokered the purchase of a two-tenant retail property in Las Vegas. Merra Cordier, a local entrepreneur and owner of The Purple Chandelier, acquired the asset from an ownership group that included former Nevada Lt. Gov. Lorraine Hunt Bono. Built in 1977, the former OfficeMax building is located at 4995 S. Eastern Ave. The Purple Chandelier, formerly Lynn’s World Consignment, and Bodega Furniture currently occupy the property. The new ownership intends to renovate and improve the facility while continuing retail operations on site. Candace Bare of Marcus & Millichap represented the buyer in the deal.

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Eastern Union Secures $125.3M Acquisition Loan for Chicago Apartment Property

Kristin Harlow — Thu, 21 May 2026 13:42:38 +0000

CHICAGO — Eastern Union has arranged a $125.3 million loan for the acquisition of The Pavilion, a 15-story, 1,115-unit apartment property located at 5441 N. East River Road in Chicago. The transaction is believed to be the largest apartment building sale in Chicago on a year-to-date basis, according to Eastern Union. Michael Muller and Mike Orlik of Eastern Union secured the financing. The five-building complex was built between 1968 and 1972. Amenities include a club building, pool, spa, sauna, fitness center and barbecue area. The property was 96 percent occupied at the time of the loan closing. The borrower was Chicago-based R.I.G. Capital, and the seller was Brookfield Asset Management. Stephen York of Arbor Realty Trust originated the agency financing. The sales price was $167 million. The loan featured a 75 percent loan-to-cost ratio, and payments will be based on a 30-year amortization. The transaction represents the first time that the property has traded hands in several decades.

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Entre Commercial Realty Brokers Sale of 28,300 SF Industrial Building in Metro Chicago

Kristin Harlow — Thu, 21 May 2026 13:39:10 +0000

WAUCONDA, ILL. — Entre Commercial Realty has brokered the sale of a 28,300-square-foot industrial building located at 280-290 Industrial Drive in Wauconda. The freestanding facility features a clear height of 19 feet, two exterior docks and two drive-in doors. The buyer, WSI Machinery, plans to renovate both the office and warehouse spaces. The acquisition also provides future expansion capability, with the opportunity to lease the secondary unit. Founded in 1985, WSI provides woodworking machinery and supplies, including millwork, machinery and panel processing equipment. Elisabeth Lazzara, Mike DeSerto and Cory Kay of Entre represented the buyer. Bruce Kaplan of Premier Commercial Realty represented the seller.

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IPA Brokers Sale of 157-Unit Apartment Community in Lake Charles, Louisiana

John Nelson — Thu, 21 May 2026 13:17:23 +0000

LAKE CHARLES, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Cottages at Morganfield, a 157-unit multifamily property in Lake Charles. Completed in 2024, the property is situated on 25 acres within the master-planned MorganField development. Will Balthrope and Drew Garza of IPA, along with Chris Shaheen of Marcus & Millichap, represented the seller and procured the buyer, Four Corners Development Group, in the transaction. The seller and sales price were not disclosed. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana for the deal. Cottages at Morganfield features one- or two-bedroom cottage-style apartments averaging 1,057 square feet in size, as well as a swimming pool, clubhouse, fitness center, dog park and a grilling area.

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Northmarq Arranges $19.5M Sale of Distribution Facility in Auburn

John Nelson — Thu, 21 May 2026 13:15:13 +0000

AUBURN, ALA. — Northmarq has arranged the $19.5 million sale of a 160,000-square-foot distribution facility located at 2250 Riley St. within Auburn Technology Park West in Auburn. Robert Poirier led Northmarq’s Atlanta team that represented the seller, SiO2, which previously owned and occupied the facility. The buyer was INFAC. Built in 2012 and situated on approximately 40 acres near I-85, the property features distribution space and approximately 28,000 square feet of “pharmaceutical-grade” clean room space. The fully air-conditioned building also offers 29- to 31-foot clear heights, eight dock doors with dock levelers, one oversized drive-in door, 2,000-amp electrical switchgear and 48 parking spaces.

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Finial Group Negotiates Sale of Three Industrial Buildings Totaling 19,500 SF in West Houston

Taylor Williams — Wed, 20 May 2026 14:37:03 +0000

HOUSTON — Locally based brokerage firm Finial Group has negotiated the sale of three industrial buildings totaling 19,500 square feet in West Houston. According to LoopNet Inc., the buildings at 5727 Glenmont Drive were constructed in 1978. Jason Gibbons and Andrew Bischoff of Finial Group represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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Chozick Realty Negotiates $3.2M Sale of Hartford Apartment Building

Taylor Williams — Wed, 20 May 2026 14:01:32 +0000

HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $3.2 million sale of 16 Groton Street, a 35-unit apartment building located in Hartford’s South End neighborhood. According to Apartments.com, the building was originally constructed in 1920 and houses studio, one- and two-bedroom units that are furnished with stainless steel appliances and granite countertops. The building also recently underwent capital improvements to unit interiors and select common areas. Steve Pappas and Tess Cullen of Chozick Realty represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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