Acquisitions Archives - REBusinessOnline

JLL Negotiates $32.5M Sale of Power Retail Center in Birmingham

John Nelson — Fri, 30 Oct 2026 14:56:48 +0000

BIRMINGHAM, ALA. — JLL has negotiated the $32.5 million sale of the second phase of Village at Lee Branch, a power retail center located at 1201 Doug Baker Blvd. in Birmingham. Brad Buchanan, Jim Hamilton and Anton Serafini of JLL represented the seller, Atlanta-based Cygnus Capital, in the transaction. The buyer was Richmond-based Hackney Real Estate Partners. Situated in Birmingham’s Meadowbrook submarket along U.S. Highway 280, Village at Lee Branch was 83 percent leased at the time of sale to tenants including Onelife Fitness, Hobby Lobby and Dollar Tree. The property sits adjacent to the first phase of Village at Lee Branch, which is anchored by Publix.

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Matthews Brokers Sale of Magnolia Marketplace Shopping Center in New Orleans

John Nelson — Fri, 30 Oct 2026 14:55:43 +0000

NEW ORLEANS — Matthews has brokered the sale of Magnolia Marketplace, a 115,281-square-foot shopping center located at 2900 S. Claiborne Ave. in New Orleans. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the locally based seller, Stirling Properties, and sourced the buyer, Agree Realty. The sales price was not disclosed, but the deal marks the highest sales price for a retail property sold within New Orleans’ Mid-City/Central City submarket within the past 10 years, according to data from CoStar Group. Built in 2015 by Stirling, Magnolia Marketplace was fully leased at the time of sale to tenants including Ross Dress for Less, T.J. Maxx, Michaels, Five Below, PetSmart and Ulta Beauty. Stirling is retaining ownership of an outparcel at the center leased to Raising Cane’s.

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SEG Solar Acquires Two Manufacturing Buildings Totaling 1.1 MSF in Tomball, Texas

Taylor Williams — Fri, 30 Oct 2026 14:32:04 +0000

TOMBALL, TEXAS —SEG Solar has acquired two manufacturing buildings totaling roughly 1.1 million square feet within Northwest 99 Business Park in Tomball, a northwestern suburb of Houston. Building 2 totals 450,320 square feet and is under construction as a planned conversion into an additional solar module manufacturing facility. Building 3 totals 704,080 square feet and is also under construction to support the company’s distribution operations. Jon Lindenberger and Barkley Peschel of Colliers represented SEG Solar, which previously purchased the 425,360-square-foot Building 1 within the park in 2025, in both transactions. Clay Development owns Northwest 99 Business Park.

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Core Acquisitions, Midloch Investment Buy Shopping Center Near Denver for $30.2M

Amy Works — Fri, 30 Oct 2026 14:16:36 +0000

LAKEWOOD, COLO. — Deerfield, Ill.-based Core Acquisitions and Chicago-based Midloch Investment Partners have acquired Lamar Station Plaza, a regional shopping center in Lakewood, approximately five miles west of downtown Denver. An undisclosed seller sold the asset for $30.2 million. Lamar Station Plaza features 271,632 square feet of retail space anchored by Casa Bonita, a Mexican restaurant and entertainment destination owned by “South Park” television show creators Trey Parker and Matt Stone. The 1,000-seat Casa Bonita features live entertainment with an indoor waterfall and cliff-diving pool and accommodates more than 650,000 visits annually. Additional tenants include Ross, Planet Fitness, Dollar Tree, Dutch Bros. and ARC Thrift Stores. At the time of sale, the property was 76 percent occupied. The buyers secured a new mortgage loan from Old National Bank for the purchase, which was brokered by Cushman & Wakefield. An affiliate of Core will manage the property, with Cushman & Wakefield handling leasing efforts. The new ownership plans to execute a targeted capital improvements program for the asset. Upgrades include an enhanced façade, upgraded signage, roof replacements, parking lot and landscaping upgrades and an increased focus on operations, including janitorial and sweeping services.

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CBRE Brokers $18.3M Sale of Five Retail Properties in Eastvale, California

Amy Works — Fri, 30 Oct 2026 14:06:50 +0000

EASTVALE, CALIF. — CBRE has facilitated the $18.3 million sale of five retail properties at Eastvale Gateway South, a retail portfolio at 12464-12574 Limonite Ave. in Eastvale. Edward Matevosian, Cray Carlson and Jenny Eng of CBRE represented the seller in the transactions and also represented the multiple buyers. Situated on 5.4 acres and totaling 236,096 square feet, the transactions include:

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Resource Realty Negotiates Sale of 53,252 SF Industrial Building in Rockaway, New Jersey

Taylor Williams — Fri, 30 Oct 2026 13:57:19 +0000

ROCKAWAY, N.J. — Resource Realty of Northern New Jersey (RRNJ) has negotiated the sale of a 53,252-square-foot industrial building in Rockaway. The building at 36 Pine St. includes two tailboard exterior dock doors and one drive-in bay. Greg Sabato and Scott Peck of RRNJ represented the buyer, Commerce Park Investors, in the transaction. The seller and sales price were not disclosed.

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Jarbou Ronnisch Construction Buys Detroit Office Building from Bedrock

Kristin Harlow — Fri, 30 Oct 2026 13:47:12 +0000

DETROIT — Jarbou Ronnisch Construction (JRC) has acquired an office building located at 1265 Griswold St. in Detroit’s Capitol Park from Bedrock. The company is expanding its Detroit presence and will occupy 6,000 square feet of the building’s fourth floor. JRC, which anticipates moving into the space in the second quarter of 2027, will invest between $3 and $4 million in capital improvements, including façade renovations and tenant build-outs. Current tenants include Gensler. The historic property totals 35,000 square feet and rises six stories. Constructed in 1897, the building was designed by the Detroit architectural firm Spier & Rohns. In 2013, Bedrock purchased the asset, which was renovated by Neumann Smith Architects. JRC’s sister company, Symmetry Management, will serve as property manager.

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Timberland Partners Acquires 192-Unit Apartment Community in Chesterfield, Missouri

Kristin Harlow — Fri, 30 Oct 2026 13:46:14 +0000

CHESTERFIELD, MO. — Timberland Partners has acquired ReNew Chesterfield, a 192-unit apartment community in the St. Louis suburb of Chesterfield. Timberland has renamed the property Linden Ridge. The transaction marks Timberland’s fourth multifamily acquisition this year and brings the company’s St. Louis portfolio to 3,346 units across 13 apartment communities. Built in 1984, Linden Ridge features one- and two-bedroom units along with recently upgraded amenities. Timberland plans to make additional investments in the property, including improvements to unit interiors. Linden Ridge is adjacent to Willowbend Apartments, another property owned and operated by Timberland.

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Cooper Group Brokers $7M Sale of Springdale Town Center in Cincinnati

Kristin Harlow — Fri, 30 Oct 2026 13:45:31 +0000

CINCINNATI — The Cooper Commercial Investment Group has brokered the $7 million sale of Springdale Town Center in Cincinnati. Bob Havasi and Dan Cooper of Cooper Group represented the seller, an East Coast-based private investment group. A private New York-based group purchased the property at a cap rate of 7.3 percent and 99 percent of the list price. The property totals 43,071 square feet.

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JLL Negotiates $58M Sale of Multifamily Development Site in Downtown Brooklyn

Taylor Williams — Thu, 29 Oct 2026 14:45:23 +0000

NEW YORK CITY — JLL has negotiated the $58 million sale of a 13,707-square-foot multifamily development site in downtown Brooklyn. The site at 55 Smith St./160 Livingston St. can support between 137,000 and 164,000 buildable square feet of product and is eligible for the state’s 485-x affordable housing tax incentive. Mike Mazzara, Ethan Stanton, Brendan Maddigan and Drew Isaacson of JLL represented the seller, Edison Properties, in the transaction. The buyer, CW Realty Group, did not disclose specific development plans for the site.

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Marcus & Millichap Brokers Sale of 231-Unit Self-Storage Facility in Rockland, Massachusetts

Taylor Williams — Thu, 29 Oct 2026 14:34:44 +0000

ROCKLAND, MASS. — Marcus & Millichap has brokered the sale of Pleasant Storage, a 231-unit self-storage facility in Rockland, about 20 miles south of Boston. Built on 4.9 acres in 2003, the seven-building facility features 222 non-climate-controlled units and nine additional units across 45,160 net rentable square feet of space. Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh of Marcus & Millichap represented the seller, a local father-son ownership group, in the transaction. The team also procured the buyer, a partnership between Patriot Holdings and All Purpose Self Storage.

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Lee & Associates Negotiates Sale of 34,168 SF Industrial Building in Oceanside, California

Amy Works — Thu, 29 Oct 2026 13:45:02 +0000

OCEANSIDE, CALIF. — William Roth Group of Lee & Associates has arranged the sale of 2620 Temple Heights Drive in Oceanside. Temple Heights Property Co. LLC sold the asset to 2620 Temple Heights LLC for $6.1 million. The owner-user buyer plans to expand its operations into the 34,168-square-foot industrial building that features 30 percent of office space and four grade-level loading doors. The property is situated on 2.1 acres. Rusty Williams, Chris Roth and Jake Rubendall of Williams Roth Group represented the seller, while Jim Benson of Kidder Mathews represented the buyer in the transaction.

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Northmarq Arranges Sale of 627-Unit Meadowbrook Apartments in Lawrence, Kansas

Kristin Harlow — Thu, 29 Oct 2026 13:41:31 +0000

LAWRENCE, KAN. — Northmarq has arranged the sale of Meadowbrook Apartments, a 627-unit community and adjacent 4.3-acre development tract in Lawrence. Casey Wilhm, Jeff Lamott and David Belpedio of Northmarq represented the sellers, Meadowbrook Investors LC and M-10 Holdings LC. The buyers were The Meadow KS LLC and The Lawn KS LLC. The property marks the largest multifamily sale in Lawrence history by unit count, bed count and total consideration, according to Northmarq. Meadowbrook offers a mix of studio, one-, two-, three- and four-bedroom units, as well as townhome and duplex-style residences. Amenities include a pool, fitness center, activity room and 24-hour emergency maintenance service. The community is located just west of the University of Kansas campus.

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Colliers Brokers $15.3M Sale of South Pointe Apartments in Bloomington, Minnesota

Kristin Harlow — Thu, 29 Oct 2026 13:40:32 +0000

BLOOMINGTON, MINN. — Colliers has brokered the $15.3 million sale of South Pointe Apartments, a 142-unit community in Bloomington. Drew Jackson, Dan Linnell, Mox Gunderson, Adam Haydon and Devon Dvorak of Colliers represented the seller, Highland Management Group Inc., the property’s longtime owner and operator. Colliers also arranged acquisition financing on behalf of the buyer, Minnesota-based Black Swan Real Estate.

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Standard, Endeavor Sell 174,288 SF Cobalt Business Center in Metro Minneapolis

Kristin Harlow — Thu, 29 Oct 2026 13:39:51 +0000

MENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have sold Cobalt Business Center, a 174,288-square-foot industrial facility in Mendota Heights. A private investor acquired the asset. Located on a 10.1-acre infill site, Cobalt Business Center offers access to MSP International Airport and major corridors including I-494, I-35E and Highways 55 and 62. The property features a clear height of 32 feet, 15 dock positions, motion-sensing LED light fixtures, ESFR fire protection sprinkler system and 4,000 amps of power. The property, formerly a vacant office asset, was transformed into a modern industrial building in 15 months. The property was fully pre-leased prior to construction completion.

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JLL Arranges $172.1M Sale of Logistics Facility in Fredericksburg, Virginia

Abby Cox — Thu, 29 Oct 2026 13:37:54 +0000

FREDERICKSBURG, VA. — JLL Capital Markets has arranged the $172.1 million sale of Capitol 95, a newly delivered, 935,523-square-foot logistics facility located in Fredericksburg, a city in Spotsylvania County that sits about 57 miles south of Washington, D.C. Bill Prutting, Craig Childs, Ginna Wallace, John Dettleff and Dan Coats of JLL represented the seller and developer, Flint Development, in the transaction. An investment fund managed by Morgan Stanley Real Estate Investing acquired the asset. Capitol 95 is a cross-dock warehouse and distribution facility that is fully leased to J.E. Richards, a critical power systems company that serves the data center industry. The property features 40-foot clear heights, four drive-in doors, extensive trailer storage capacity, ESFR fire protection, office space and ample vehicle and trailer parking. Situated on roughly 120 acres, Capitol 95 also offers immediate access to I-95.

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SRS Negotiates $8.9M Ground Lease Sale of Miami Restaurant Leased to Chick-fil-A

Abby Cox — Thu, 29 Oct 2026 13:36:51 +0000

MIAMI — SRS Real Estate Partners has negotiated the $8.9 million ground lease sale of a restaurant property located at 18240 S. Dixie Highway in Miami. Chick-fil-A occupies the 5,399-square-foot property, which was built in 2024, on an absolute triple-net, corporate-guaranteed lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a joint venture between Coconut Grove, Fla.-based Berkowitz Development Group and Landsea Development Group, in the transaction. The New York-based buyer requested anonymity.

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Atlantic Capital Partners Brokers $7M Sale of Shopping Center in Hope Mills, North Carolina

Abby Cox — Thu, 29 Oct 2026 13:35:32 +0000

HOPE MILLS, N.C. — Atlantic Capital Partners has brokered the sale of Hope Mills Crossing, a 53,204-square-foot shopping center located in Hope Mills, roughly five miles south of Fayetteville. The property sold for more than $7 million, according to Atlantic Capital. David Hoppe, Eric Suffoletto, Jordan Gomez, Mike Lucier, Ben Olmstead and Kendra Doherty of Atlantic Capital represented the undisclosed seller in the transaction. The buyer requested anonymity. Recently renovated in 2025, Hope Mills Crossing is anchored by a newly opened Planet Fitness. Additional tenants at the center include a mix of medical, financial, government and service-oriented retail businesses. The property was 95 percent leased at the time of sale.

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Alliance Industrial, BGO Acquire 266,152 SF Building in Fort Worth

Taylor Williams — Wed, 28 Oct 2026 15:04:20 +0000

FORT WORTH, TEXAS — A joint venture between Alliance Industrial Co. and institutional investment firm BGO has acquired Northwest Commerce Park Building 2, a 266,152-square-foot building in Fort Worth. The single-story building, which fronts State Highway 114, was constructed in 2020 and features a front-load configuration, 36-foot clear heights, 51 dock-high doors, two drive-in doors and parking for 135 cars and 46 trailers. The joint venture acquired the property in an off-market transaction. The seller and sales price were not disclosed.

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Tishman Speyer Sells Manhattan Office Building for $132.5M

Taylor Williams — Wed, 28 Oct 2026 14:12:00 +0000

NEW YORK CITY — Tishman Speyer has sold 148 Lafayette Street, a 12-story office building in Manhattan’s SoHo neighborhood, for $132.5 million. The 153,000-square-foot building was constructed in 1913 and renovated in 2017. A the time of sale, the office space was fully leased to companies such as venture capital firm General Catalyst, cosmetics firm Charlotte Tilbury and AI code review platform Graphite. The building’s retail space is also fully leased to boxing gym Five Points Academy and clothing store 260 Sample. Adam Spies and Avery Silverstein of Newmark represented Tishman Speyer, which acquired the building in June 2025 for $105.5 million, in the transaction. The buyer was San Francisco-based Shorenstein Investment Advisers.

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