Acquisitions Archives - REBusinessOnline

Realterm Buys 40-Acre Industrial Outdoor Storage Facility in Laredo, Texas

Taylor Williams — Wed, 22 Jul 2026 15:12:07 +0000

LAREDO, TEXAS — Realterm, a global investment manager focused on transit-oriented properties, has purchased a 40-acre industrial outdoor storage (IOS) facility in the South Texas city of Laredo. The facility at 14610 Mines Road features 25.3 concrete-paved acres that house a 22,250-square-foot check-in station, a 6,800-square-foot office and a 3,000-square-foot wash bay. This portion of the facility was leased to transit firm Heartland Express at the time of sale. The seller and sales price were not disclosed.

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Partnership Agrees to Acquire Providence Place Mall in Rhode Island for $133M

Taylor Williams — Wed, 22 Jul 2026 14:31:27 +0000

PROVIDENCE, R.I. — A partnership between Syracuse-based Pyramid Management Group, Paolino Properties and DW Partners has agreed to acquire Providence Place Mall, a 1.4 million-square-foot lifestyle center, for $133 million. The 13.2-acre property has been in court-ordered receivership for multiple years following a loan default by the previous owner, Brookfield Properties. Tenants at Providence Place include Dave & Buster’s, Abercrombie & Fitch, American Eagle, Aldo, Apple, Bath & Body Works, Brooks Brothers, Champs Sports, Cyclebar, DSW, Five Below and Garage. The new ownership plans to completes an ongoing repositioning program at the property.

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Marcus & Millichap Brokers $8.8M Sale of Retail Building in Edison, New Jersey

Taylor Williams — Wed, 22 Jul 2026 14:22:43 +0000

EDISON, N.J. — Marcus & Millichap has brokered the $8.8 million sale of a 5,585-square-foot retail building in the Central New Jersey community of Edison. Convenience store operator Wawa occupies the single-tenant building at 1095 U.S. Route 1, which was built last year and includes a fuel station, on a triple-net basis. Alan Cafiero, Brent Hyldahl and Vincent Pennino of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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JLL Negotiates $8.5M Sale of Grocery Building in Beverly, Massachusetts

Taylor Williams — Wed, 22 Jul 2026 14:20:57 +0000

BEVERLY, MASS. — JLL has negotiated the $8.5 million sale of a 60,666-square-foot grocery building in Beverly, a northeastern suburb of Boston, that is fully leased to regional operator Stop & Shop. The freestanding building sits on a 4.9-acre site that originally served as the site of the first Marshalls store in the United States (circa 1956). Alex Quinn, Zach Nitsche, Sam Wiesman and Joe Marinaro of JLL represented the seller and procured the buyer in the transaction.

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Finmarc Sells Office Building, Land in Northern Virginia to Pulte Homes for $26.4M

John Nelson — Wed, 22 Jul 2026 13:59:50 +0000

CHANTILLY, VA. — Finmarc Management Inc. has sold an 83,300-square-foot office/flex building and an adjacent 6.4-acre parcel within Park East Corporate Center in Chantilly, about 28 miles west of Washington, D.C. The Bethesda, Md.-based investment company sold the parcels, which total 14 acres, to Pulte Homes for approximately $26.4 million. The Atlanta-based homebuilding giant plans to develop 183 homes on the sites comprising 126 townhomes, 32 condos and 25 affordable and workforce dwelling units. Brendan May and Paul Norman of Cushman & Wakefield represented Finmarc in the transaction. Aaron Rosenfeld of Kelley Drye & Warren LLP provided legal services to Finmarc.

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TSCG Arranges $20.7M Sale of Publix-Anchored Shopping Center in Jacksonville

John Nelson — Wed, 22 Jul 2026 13:58:00 +0000

JACKSONVILLE, FLA. — TSCG has brokered the $20.7 million sale of The Plaza at Normandy, a Publix-anchored shopping center located at the intersection of Normandy Boulevard and Chaffee Road South in Jacksonville. An unnamed 1031 exchange buyer purchased the 58,691-square-foot center from the developer, Wagner Property Group. Anthony Blanco, Mallory Silva and Spencer Kinsella of TSCG represented the seller in the transaction, and Laurie Ann Drinkwater of Marcus & Millichap represented the buyer. Built in 2024, The Plaza at Normandy was fully leased at the time of sale to Publix, Publix Liquor Store, Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, The UPS Store and AT&T Wireless. The shopping center includes outparcels for McDonald’s and Wawa that were not part of the sale.

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King Realty Advisors, Colliers Arrange Sale of 217-Acre Office Campus in St. Louis

Kristin Harlow — Wed, 22 Jul 2026 13:37:09 +0000

ST. LOUIS — King Realty Advisors and Colliers have arranged the sale of the 217-acre office campus at 8000 W. Florissant Ave. in St. Louis. Bryan King of King Realty Advisors represented the buyer, Jim Onder. Joe Hill of Colliers represented the seller. According to the St. Louis Business Journal, the most recent owner of the former Emerson Electric Co. campus was technology company Copeland, which will continue to occupy its current headquarters at the property and lease from the new owner. Copeland is an Emerson spinoff company owned by Blackstone. The property is comprised of nine buildings totaling 980,644 square feet.

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Kiser Group Brokers $11.5M Sale of Chicago Apartment Building

Kristin Harlow — Wed, 22 Jul 2026 13:35:59 +0000

CHICAGO — Kiser Group has brokered the $11.5 million sale of a 78-unit apartment building located at 6748-50 N. Ashland Ave. in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features Art Deco architectural influences. There are eight studios, 69 one-bedroom units and one two-bedroom unit. Jacob Price and Katie LeGrand of Kiser brokered the sale, which closed at 100 percent of list price. A local owner-operator with an existing portfolio in the neighborhood was the buyer.

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Marcus & Millichap Negotiates Sale of 113-Room Fairfield Inn & Suites Hotel in Omaha

Kristin Harlow — Wed, 22 Jul 2026 13:35:24 +0000

OMAHA, NEB. — Marcus & Millichap has negotiated the sale of a 113-room Fairfield Inn & Suites hotel property in downtown Omaha. Adam Lewis is Marcus & Millichap’s Nebraska broker of record. The firm marketed the property on behalf of the seller and procured the buyer, both private investor groups. Fairfield Inn & Suites Omaha Downtown is located within walking distance of Charles Schwab Field, home of the College World Series.

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State of Utah Acquires Office Campus in West Valley City for $40M

Amy Works — Wed, 22 Jul 2026 13:21:43 +0000

WEST VALLEY CITY, UTAH — The State of Utah has purchased Franklin Campus, a five-building office development in West Valley City, part of the Salt Lake City metro area, for $40 million. The Utah Department of Health and Human Services will use the 312,234-square-foot office campus, which is situated on 21.7 acres, as its headquarters. Originally developed to serve as FranklinCovey’s corporate headquarters, the property features a cafeteria, fitness center and auditorium. Brandon Fugal and Chris Kirk of Colliers handled the transaction.

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JBT Property Management Sells 248-Unit Maroa Park Apartments in Fresno, California

Amy Works — Wed, 22 Jul 2026 13:19:00 +0000

FRESNO, CALIF. — JBT Property Management has sold Maroa Park Apartments, a 248-unit multifamily property in Fresno, to a private buyer for $44 million. Located at 475-585 W. Sierra Ave., Maroa Park features one- and two-bedroom units with an average size of 878 square feet. Otto Ozen, Brian Nakamura and Nazli Santana of The Mogharebi Group (TMG) represented the seller in the deal.

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Mavis Tire Agrees to Acquire Pep Boys from Icahn Enterprises for $700M

Kristin Harlow — Wed, 22 Jul 2026 12:00:00 +0000

WHITE PLAINS, N.Y. AND SUNNY ISLES BEACH, FLA. — Mavis Tire Express Services Corp. and Icahn Enterprises LP (NASDAQ: IEP) have entered into a definitive agreement under which a subsidiary of Mavis will acquire Pep Boys from Icahn Automotive Group LLC for approximately $700 million in cash. IEP will retain the owned real estate previously transferred to IEP from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care businesses. Formally named The Pep Boys-Manny, Moe & Jack Holding Corp., Pep Boys is an automotive service company offering tires, repairs, oil changes and maintenance services from nearly 800 retail locations nationwide. Navy veterans Emanuel “Manny” Rosenfeld, Maurice “Moe” Strauss and Graham “Jack” Jackson founded the company in 1921. According to Mavis, the acquisition expands its presence in new and existing markets, particularly across the Western United States where Pep Boys maintains a significant retail footprint. The deal grows Mavis’ network to more than 4,400 service center locations across the United States and Canada. “Pep Boys brings a loyal customer base, deep-rooted market presence across the United States and a distribution network that will meaningfully enhance our supply chain nationwide,” says David Sorbaro, co-CEO of Mavis. “As part…

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Partners Brokers Sale-Leaseback of 55,700 SF Industrial Building in New Caney, Texas

Taylor Williams — Tue, 21 Jul 2026 14:45:20 +0000

NEW CANEY, TEXAS — Partners Real Estate has brokered the sale-leaseback of a 55,700-square-foot industrial building in New Caney, a northeastern suburb of Houston. According to LoopNet Inc., the building at 18913 Phillip Way was constructed in 2020 and features 30-foot clear heights. Griff Brandy, Ryan Osborn, Wyatt Huff and Hunter Stockard of Partners represented the seller and tenant, New Caney Beverage, in the transaction. The buyer and sales price were not disclosed.

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Matthews Negotiates $15.2M Sale of Mixed-Use Building in Lower Manhattan

Taylor Williams — Tue, 21 Jul 2026 13:27:03 +0000

NEW YORK CITY — Nashville-based brokerage firm Matthews has negotiated the $15.2 million sale of a 19,873-square-foot mixed-use building in Lower Manhattan. The five-story building at 158 Lafayette St., which was originally constructed in 1915 and renovated in 2017, was vacant at the time of sale and is zoned to support residential redevelopment. Stephen Dadourian, Brock Emmetsberger and Matthew Gavin of Matthews represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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Marcus & Millichap Brokers $15M Sale of Multifamily Property in Wausau, Wisconsin

Kristin Harlow — Tue, 21 Jul 2026 12:49:31 +0000

WAUSAU, WIS. — Marcus & Millichap has brokered the $15 million sale of The Apartments at Riverlife, a 75-unit multifamily property in central Wisconsin’s Wausau. Dan Bowar of Marcus & Millichap represented the seller, Riverlife Wausau LLC, and procured the buyer, a Wisconsin-based investor. Built in 2020, the property features a mix of one-, two- and three-bedroom units across 72,177 rentable square feet. The asset overlooks the Wisconsin River.

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Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5M

Amy Works — Tue, 21 Jul 2026 12:44:54 +0000

AUBURN, WASH. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located approximately 20 miles south of Seattle in Auburn, for $69.5 million. Built in 2002, Lakeland Town Center is situated on 12.6 acres within the Lakeland Hills master-planned community. The property was fully leased at the time of sale. Tenants include Haggen Northwest Fresh, Subway, HopsnDrops, Rock Wood Fired Pizza, Puerto Vallarta Mexican, Sushi Konami, Ichi Teriyaki, Legendary Doughnuts, Nekter Juice Bar, Menchie’s Frozen Yogurt, Pacific Cataract and Laser Institute, Gentle Dental, Outpatient Physical Therapy, Edward Jones, McDonald’s, Wells Fargo, The UPS Store, Orangetheory Fitness and Club Pilates. Intercontinental plans to execute a capital improvement program focused on roof replacement and as-needed upgrades for tenants, alongside the implementation of a leasing strategy centered on preserving and strengthening the center’s tenant mix. Geoff Tranchina, Gleb Lvovich, Dan Tyner and Tess Berghoff of JLL Capital Markets marketed the property on behalf of the seller.

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Berkadia Arranges $35.5M Sale of Two Multifamily Properties in Castro Valley, California

Amy Works — Tue, 21 Jul 2026 12:42:00 +0000

CASTRO VALLEY, CALIF. — Berkadia has arranged the $35.5 million sale of The Cedars and Creekside Terrace, two neighboring, value-add multifamily properties located in the Northern California city of Castro Valley. Felson Cos., the original developer, sold the assets to San Francisco-based Prime Residential for $21.4 million and $14.1 million, respectively. Jason Parr, Scott MacDonald and John Hansen of Berkadia San Francisco represented the seller in the deal, while Clay Akiwenzie and Hank Workman of Berkadia San Francisco provided financing for the buyer. The financing consists of a seven-year, fixed-rate Freddie Mac loan with full-term interest-only payments. Located at 22240-22302 Center St., The Cedars features 83 one-, two- and three-bedroom apartments, two pools, an outdoor courtyard, fitness center and covered parking. Creekside Terrace, located at 22180 Center St., offers 52 one-, two- and three-bedroom floor plans, as well as a pool, dry sauna, outdoor courtyard, a fitness center and covered parking.

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Brennan Investment Group Buys Three-Building, 439,600 SF Industrial Portfolio in Nampa, Idaho

Amy Works — Tue, 21 Jul 2026 12:41:00 +0000

NAMPA, IDAHO — Chicago-based Brennan Investment Group has acquired a three-building, 439,600-square-foot industrial portfolio in Nampa, located just west of Boise. Details of the transaction were not released. This purchase marks Brennan’s entry into the Boise industrial market. Completed in 2023, the tilt-up industrial buildings were fully leased at the time of sale and feature 32-foot clear heights, ESFR sprinkler systems and truck courts exceeding 130 feet.

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Marcus & Millichap Brokers Sale of Seven-Building Memory Care Campus in San Diego County

Amy Works — Tue, 21 Jul 2026 12:40:00 +0000

SAN DIEGO COUNTY, CALIF. — Marcus & Millichap has brokered the sale of a seven-building memory care campus in San Diego County. Developed in 2002, the property contains more than 55 units licensed for over 85 residents. The community was operating with negative net operating income (NOI) at the time of sale. Nick Stahler, Justin Knapp, Michael Mooney and Hap Knowles of Marcus & Millichap’s Knapp-Stahler Group arranged the transaction. An undisclosed, all-cash buyer acquired the community from a publicly traded REIT for roughly $170,000 per unit.

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Provident Industrial Buys 1.5 MSF Industrial Park in Hutchins, Texas

Taylor Williams — Mon, 20 Jul 2026 15:12:08 +0000

HUTCHINS, TEXAS — Provident Industrial, a division of Dallas-based investment firm Provident, has purchased Commerce 45, a two-building, 1.5 million-square-foot industrial park in Hutchins, a southeastern suburb of Dallas. The park was constructed on 81 acres in 2015, and the buildings feature 32-foot clear heights, 185-foot truck court depths and parking for 102 cars and 290 trailers. The seller and sales price were not disclosed, but Commerce 45 is listed on the website of New York-based Brookfield Properties.

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