Acquisitions Archives - REBusinessOnline

Quarterra Sells 290-Unit Multifamily Community in Scottsdale to MacNaughton

Amy Works — Fri, 12 Jun 2026 13:48:42 +0000

SCOTTSDALE, ARIZ. — Quarterra has completed the sale of Residences Kierland, a 290-unit apartment property in North Scottsdale, to MacNaughton for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Bruce Francis, Doug Birrell, Bob Ybarra, Shaun Moothart and Nick Santangelo of CBRE’s Debt & Structured Finance arranged the debt financing on behalf of the buyer. Completed in 2022, Residences Kierland features one- and two-bedroom floor plans with gourmet kitchens with quartz countertops, a GE Café appliance package, wine fridges, vinyl plank flooring, illuminated bathroom mirrors and smart lock keyless entry systems. Additionally, the property features seven two-story townhomes, each averaging 2,000 square feet, with direct access and a two-car garage. Community amenities include an elevated pool deck with private cabanas, bike room, pet spa with a full washing station, electric car chargers, 24-hour fitness center and a yoga studio. Residences Kierland also features The Retreat, a full-service spa. The Retreat includes heated lounges for relaxation, a nail salon, individual massage rooms, a sauna and steam room with aroma-infused oils, cool-mist room, salt therapy room and hot and cool pools in a secluded outdoor space.

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NAI DiLeo-Bram Arranges $4.7M Sale of Industrial Building in Somerset, New Jersey

Taylor Williams — Fri, 12 Jun 2026 13:31:20 +0000

SOMERSET, N.J. — Locally based brokerage firm NAI DiLeo-Bram has arranged the $4.7 million sale of a 20,269-square-foot industrial building in the Northern New Jersey community of Somerset. The building sits on a 3-acre site at 85 Commerce Drive and features a clear height of 19 feet. Kyle Gerace, Chris Chiusolo and Sweemit Goswami of NAI DiLeo-Bram represented the buyer, Approved Fire Protection, in the transaction. The seller was PepsiCo Inc./Frito Lay.

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Cushman & Wakefield Arranges $83.8M in Acquisition Financing for 11-Building Industrial Portfolio in Metro Atlanta

Abby Cox — Fri, 12 Jun 2026 13:15:27 +0000

ATLANTA — Cushman & Wakefield has arranged $83.3 million in financing for the acquisition of an 11-building industrial portfolio located in metro Atlanta. Gideon Gil, Taylor Geiger, Cecelia Galligan and Crawford Bundy of Cushman & Wakefield arranged the floating-rate loan through Argenti on behalf of the borrower, Arden Logistics Parks. Stewart Calhoun, Casey Masters and Drew Stanford, also with Cushman & Wakefield, represented the sellers, Onward Investors and Prospect Ridge, in the transaction. The 658,550-square-foot portfolio includes:

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BCIP Acquires 32.6 Acres on Florida’s Space Coast, Plans Grocery-Anchored Mixed-Use Development

Abby Cox — Fri, 12 Jun 2026 13:11:36 +0000

WEST MELBOURNE, FLA. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the project will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 square feet of commercial space, as well as a public art component that “celebrates the innovation, exploration and heritage that defines Florida’s Space Coast,” according to the press release. Upon completion of Space Coast Town Center, the development will include more than 2,000 multifamily residential units, 300 hotel rooms, 360,000 square feet of office space, 257,000 square feet of retail and restaurant space, a grocery store anchor and various public gathering areas.

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Wilder, Greenberg Gibbons Purchase 163,975 SF Shopping Center in Raleigh, Plan Renovations

Abby Cox — Fri, 12 Jun 2026 13:10:55 +0000

RALEIGH, N.C. — Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975-square-foot shopping center located in Raleigh. According to the Triangle Business Journal, an entity doing business as Mishorim Gold NC LP sold the asset for $33 million. The acquisition marks Wilder’s entry into North Carolina, as well as Greenberg Gibbon’s first purchase through its $300 million Real Estate Income Fund II. Wakefield Commons was 96.3 percent leased at the time of sale to tenants including Starbucks, Marquee Cinemas and Burn Boot Camp. Greenberg Gibbons plans to renovate and improve the shopping center. Additional details were not disclosed.

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Marcus & Millichap Arranges Sale of 62,400 SF Retail Center in East San Antonio

Taylor Williams — Thu, 11 Jun 2026 14:58:39 +0000

SAN ANTONIO — Marcus & Millichap has arranged the sale of Rigsby Avenue Shopping Center, a 62,400-square-foot retail property located on the east side of San Antonio. Built in 2002, the center is home to tenants such as Dollar Tree (anchor), Alamo City Urgent Care, Brident Dental, Baptist Health Systems, AVIS and Cato. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors who requested anonymity, in the transaction.

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Colliers Brokers Sale of 52,889 SF Shopping Center in South Houston

Taylor Williams — Thu, 11 Jun 2026 14:57:06 +0000

HOUSTON — Colliers has brokered the sale of Parks at Boulder Creek, a 52,889-square-foot shopping center located in South Houston. The center sits on a 4.8-acre site at the southeast corner of Beltway 8 and Pearland Parkway. Spec’s Wines, Spirits & Finer Foods anchors the center, which is also home to a Chipotle Mexican Grill. Christopher Winters of Colliers represented the seller in the transaction. Joshua Sebesta of S+P Interests represented the buyer. Both parties requested anonymity.

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Cushman & Wakefield Brokers Sale of 256,381 SF Industrial Portfolio in Northern New Jersey

Taylor Williams — Thu, 11 Jun 2026 14:45:00 +0000

CARLSTADT AND EAST RUTHERFORD, N.J. — Cushman & Wakefield has brokered the sale of a portfolio of four industrial buildings totaling 256,381 square feet in the Northern New Jersey communities of Carlstadt and East Rutherford. The buildings are collectively known as Kurv Meadowlands and feature clear heights of 16 to 27 feet. Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema of Cushman & Wakefield represented the seller, JP Morgan Asset Management, in the transaction and procured the buyer, Kurv Industrial. John Alascio, Chuck Kohaut and TJ Sullivan, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing for the deal through CIBC.

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CAPREIT Acquires 114-Unit Apartment Complex in Brentwood, New York

Taylor Williams — Thu, 11 Jun 2026 14:42:18 +0000

BRENTWOOD, N.Y. — CAPREIT has acquired Broadway West, a 114-unit apartment complex in the Long Island community of Brentwood. Built in 2003, Broadway West offers one- and two-bedroom units and amenities such as a resident clubhouse, outdoor grilling and dining stations, a fitness center and onsite laundry facilities. The seller and sales price were not disclosed.

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Marcus & Millichap Negotiates $14.5M Sale of Queens Industrial Building

Taylor Williams — Thu, 11 Jun 2026 14:39:07 +0000

NEW YORK CITY — Marcus & Millichap has negotiated the $14.5 million sale of a 40,400-square-foot industrial building in Queens. Constructed in 1931, the fully leased building at 43-10 21st St. is located in the borough’s Long Island City area and features a clear height of 13.5 feet. Jakub Nowak and Matthew Rosenzweig of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Atlantic Capital Partners Arranges $78.5M Sale of 750,000 SF Shopping Center on Florida’s Space Coast

John Nelson — Thu, 11 Jun 2026 14:24:56 +0000

WEST MELBOURNE, FLA. — Atlantic Capital Partners has arranged the $78.5 million sale of Hammock Landing, a 750,000-square-foot power retail center located in West Melbourne, a city on Florida’s Space Coast. Tenants at Hammock Landing include Marshalls, HomeGoods, Ross Dress for Less, Academy Sports + Outdoors, Petco, Buffalo Wild Wings, AT&T, Ulta Beauty and SunTrust Bank. Target and Kohl’s shadow-anchor the property. The first phase of the center was developed in 2009, and the second phase was delivered in 2014. Justin Smith, Sam Koonce, Dean Sands, Chris Peterson, Fred Victor and Matt Ericson of Atlantic Capital Partners represented the seller, a joint venture between CBL Properties and The Benchmark Group, and secured the undisclosed buyer in the transaction.

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Convention Center Authority Acquires Adjacent Parking Garage Site in Downtown Nashville for $52M

John Nelson — Thu, 11 Jun 2026 14:19:40 +0000

NASHVILLE, TENN. — The Convention Center Authority of Metro Government of Nashville & Davidson County has purchased the former Estes Kefauver Federal Building parking garage site, which sits one block from Music City Center in downtown Nashville. The U.S. General Services Administration (GSA) sold the 1.3-acre site at 811 McGavock St. for approximately $52 million. The land purchase comes one year after a feasibility study showed that Music City Center, the 2.1 million-square-foot convention center that opened in May 2013, was losing business due to space limitations and availability constraints. The existing convention center offers 353,000 square feet of exhibit hall space, two ballrooms, 60 meeting rooms and a covered parking garage with 1,800 spaces. The study recommended an expansion of 587,000 square feet to meet current and future demand. “Finding that much space on one lot in close proximity to our building is tough, if not impossible, so we’ll likely have to build on multiple sites,” said Charles Starks, president and CEO of the Convention Center Authority. “This property is a great start toward that end, as we continue to look at property around us.” Site selection is the next step in expansion exploration for Music City Center, according…

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Colliers Brokers Sale of 246,446 SF Logistics Facility in Elgin, Illinois

Kristin Harlow — Thu, 11 Jun 2026 13:31:37 +0000

ELGIN, ILL. — Colliers has brokered the sale of a 246,446-square-foot logistics facility located at 2770 Alft Court in Elgin. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, Venture One. A publicly traded REIT was the buyer. Built in 2015 and fully leased to FleetPride, the property is situated within a fully developed business park just south of a full four-way interchange at I-90 and Randall Road.

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Eastern Union Arranges $12.9M in Acquisition Financing for Shopping Center in Lima, Ohio

Kristin Harlow — Thu, 11 Jun 2026 13:31:03 +0000

LIMA, OHIO — Eastern Union has arranged $12.9 million in financing on behalf of borrower Lima Tov LLC for the acquisition of Lima Center, a 174,078-square-foot shopping center located in northwestern Ohio. The purchase price was $19.5 million. Lima Center was 98 percent leased at the time of the loan closing to 10 tenants, including Five Below and Dollar Tree, and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot TJ Maxx. Jack Beida, Michael Muller and Mike Orlik of Eastern Union arranged the seven-year, fixed-rate mortgage on behalf of the borrower. The seller and the direct lender were not disclosed.

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Trammell Crow, PCCP Break Ground on 76-Acre Industrial Park in Thornton, Colorado

Amy Works — Thu, 11 Jun 2026 13:09:00 +0000

THORNTON, COLO. — Trammell Crow Co. (TCC) and joint venture partner Pacific Coast Capital Partners (PCCP) have broken ground on Crossroads 25, a Class A industrial park at the intersection of Interstate 25 and E-470. At full build-out, Crossroads 25 will span 1.1 million square feet across six buildings. Phase 1, totaling 828,000 square feet across four buildings, is slated for delivery in third-quarter 2027. Building 4, totaling 409,000 square feet, has been fully preleased. Buildings 1, 2 and 3 consist of 157,562, 171,242 and 90,096 square feet, respectively. The 32-foot clear front-park, rear-load buildings offer highway visibility from E-470 and I-25, 4,000 amps of power per building, oversized drive-in doors and trailer parking. Tyler Carner, Jeremy Ballenger and Keiffer Garton of CBRE represented the seller in the land acquisition. The CBRE team will also lead leasing efforts on behalf of TCC and PCCP. Simmons Bank provided construction financing for Phase 1. Ware Malcomb designed the project, with Murray & Stafford serving as general contractor.

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Trident Development Completes $36.3M Sale of Silver Creek Apartments in Bozeman, Montana

Amy Works — Thu, 11 Jun 2026 13:07:58 +0000

BOZEMAN, MONT. — Trident Development has completed the sale of Silver Creek Apartments, a 118-unit multifamily community located at 1481 N. 25th Ave. in Bozeman. An undisclosed buyer acquired the asset for $36.3 million. Adam Haydon, Dan Linnell, Mox Gunderson, Devon Dvorak and Drew Jackson of Colliers represented the seller in the deal. Built in 2021, Silver Creek Apartments features 12 studios, 52 one-bedroom units, 50 two-bedroom apartments and three three-bedroom residences. Amenities include a rooftop patio with gas grills and a fire pit, a ground-floor courtyard, a 24-hour fitness center, two community rooms, a dog park and a pet wash station, interior and exterior storage garages and work-from-home office spaces.

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Limited Partnership Sells 65-Unit Apartment Community in San Ramon, California

Amy Works — Thu, 11 Jun 2026 13:04:00 +0000

SAN RAMON, CALIF. — An entity doing business as Bollinger Crest Apartment Investors LP has sold 4000 Bollinger Crest Common, a multifamily property in San Ramon, to Pacific Urban Investors for an undisclosed price. Keith Manson, Zach Greenwood, Mac Watson and Tate Eames of Cushman & Wakefield represented the seller in the deal. Built in 2000, the property features 65 two-bedroom, two-bathroom residences averaging approximately 1,100 square feet. Units offer private, oversized individual garages, private balconies and patios and nine-foot ceilings.

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U.S. Government Sells Historic Old Post Office Building, Former Trump Hotel in D.C.

John Nelson — Thu, 11 Jun 2026 12:00:00 +0000

WASHINGTON, D.C. — The U.S. General Services Administration (GSA), the real estate operations arm of the federal government, has sold the Old Post Office building and former Trump hotel at 1100 Pennsylvania Ave. in Washington, D.C. The building currently operates as a 263-key Waldorf Astoria hotel. Bank BDT & MSD, the owner of the leasehold, acquired the property for $80 million, according to The Wall Street Journal. According to the GSA, the sale is part of an ongoing effort to eliminate costly properties from its asset portfolio. The GSA also recently sold the former Estes Kefauver Federal Building parking garage site in Nashville for $52 million. According to the administration, the Old Post Office Building cost taxpayers approximately $6 million per year prior to 2013, when it was converted into a hotel by the Trump Organization. Since then, the property has received more than $250 million in private-sector investment. “The GSA remains committed to solving long-term problems that exist in the federal portfolio of assets, reducing waste and delivering long-term value to the American people,” the GSA said in a press release. The Old Post Office features the renown 315-foot clock tower, which houses the Bells of Congress, and is the…

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Berkadia Brokers Sale of 184-Unit Active Adult Complex in Magnolia, Texas

Taylor Williams — Wed, 10 Jun 2026 15:30:19 +0000

MAGNOLIA, TEXAS — Berkadia has brokered the sale of Alders Magnolia, a 184-unit active adult complex located roughly 40 miles northwest of Houston. Built in 2021, the property offers amenities such as a pool, spa, theater, fitness center, demonstration kitchen, coffee bar, private wine lockers, a putting green, bocce ball court and a lounge. Aspens Senior Living acquired the community from Capitol Seniors Housing for an undisclosed price. Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia brokered the deal.

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SkyWalker Buys 73,747 SF Office Building in North Fort Worth

Taylor Williams — Wed, 10 Jun 2026 15:19:42 +0000

FORT WORTH, TEXAS — Local investment firm SkyWalker Property Partners has purchased Alliance Commerce Center, a 73,747-square-foot office building in North Fort Worth. The building is located within AllianceTexas and was 90 percent leased at the time of sale. Cameron Deptula and Blake Schur of Davidson Bogel represented the seller, Group O, in the deal. Jack Mock and Chris Aguilar internally represented SkyWalker.

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