Thursday, August 20, 2026
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Acquisitions

AcquisitionsGeorgiaRetailSoutheast

Marcus & Millichap Arranges $25.5M Sale of Dollar General Portfolio Across Six States

by John Nelson

ATLANTA — Marcus & Millichap’s Taylor McMinn Retail Group has arranged the sale of a Dollar General portfolio comprising 14 stores located in six states. Don McMinn of Marcus & Millichap based in Atlanta brokered the $25.5 million transaction. All 14 stores were constructed this year and are subject to 15-year triple net leases. An undisclosed developer sold the properties to an undisclosed, institutional retail owner. Of the sale, McMinn comments that there is an “increased institutional interest for net lease portfolios due to their attractive returns caused by a surplus of inventory and rising interest rates.”

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AcquisitionsConnecticutMultifamilyNortheastRhode Island

B3 Holdings Acquires Connecticut, Rhode Island Multifamily Properties for $117M

by Taylor Williams

NEW HAVEN AND STRATFORD, CONN. —  Illinois-based investment firm B3 Holdings LLC has acquired three multifamily properties in Connecticut and Rhode Island totaling 481 units units for $117 million. Winchester Lofts is a 158-unit complex in New Haven, and the second property is a 128-unit asset in Stratford, both of which are located in the southern coastal part of Connecticut. The third asset is River Lofts at Ashton Mills, a 195-unit community in Cumberland, R.I. Victor Nolletti, Eric Pentore and Wes Klockner of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller, Brookfield Asset Management, in the transaction. The trio also procured B3 Holdings as the buyer.

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AcquisitionsNorth CarolinaRetailSoutheast

JLL Brokers Sale of 102,539 SF Emerald Plantation Shopping Center in Coastal North Carolina

by John Nelson

EMERALD ISLE, N.C. — JLL has arranged the sale of Emerald Plantation Shopping Center, a 102,539-square-foot retail center located in Emerald Isle on the coast of North Carolina. Tom Kolarczyk of JLL represented the seller, Cameron Street Partners, in the $12 million transaction. Charlie Barzola of Eastern Commercial represented the unnamed buyer. The shopping center, which is anchored by a Food Lion, was 100 percent leased at the time of sale to tenants including Michelangelo’s Pizza, Shark’s Den Bar and Grill, Rucker John’s and Elly’s.

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AcquisitionsNew HampshireNortheastRetail

Atlantic Capital Partners Arranges Sale of 233,008 SF Former Sears Building in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Boston-based brokerage firm Atlantic Capital Partners has arranged the sale of a 233,008-square-foot retail building formerly occupied by Sears in Salem, located in the southeastern part of the Granite State. The building is situated within the 1 million-square-foot Rockingham Park Mall and currently houses a Cinemark Theatres and a Dick’s Sporting Goods, which have backfilled 53 percent of the space. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the seller in the transaction. Additional terms of sale were not disclosed.

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AcquisitionsMassachusettsMultifamilyNortheast

Dolben Co. Sells 233-Unit Multifamily Property in Springfield, Massachusetts

by Taylor Williams

SPRINGFIELD, MASS. — An affiliate of The Dolben Co., a multifamily owner-operator based in metro Boston, has sold Stockbridge Court, a 233-unit property located in the western Massachusetts city of Springfield. The sales price was $42.6 million. Converted to residential use in 1979, the four-building property offers studio, one- and two-bedroom units with an average size of 729 square feet. Simon Butler, Biria St. John and John McLaughlin of CBRE represented The Dolben Co. and procured the buyer, an affiliate of Stockbridge Ventures, in the transaction.

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AcquisitionsMaineNortheastRetail

Horvath & Tremblay Negotiates $13.5M Sale of Shopping Center in Rockland, Maine

by Taylor Williams

ROCKLAND, MAINE — Metro Boston-based brokerage firm Horvath & Tremblay has negotiated the $13.5 million sale of Harbor Plaza, a 169,079-square-foot shopping center in Rockland, located roughly midway between Portland and Bangor. Anchored by grocer Shaw’s, the center was roughly 93 percent leased at the time of sale to tenants such as T.J. Maxx, HomeGoods, Staples, Olympia Sports, H&R Block and The UPS Store. Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the buyer and seller, both of which requested anonymity, in the deal.

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AcquisitionsIllinoisIndustrialMidwest

Westmount Realty Capital Sells 757,557 SF Industrial Portfolio in Elk Grove Village, Illinois

by Kristin Harlow

ELK GROVE VILLAGE, ILL. — Westmount Realty Capital has sold a portfolio of 21 light industrial buildings totaling 757,557 square feet in the Chicago suburb of Elk Grove Village. The sales price and buyer were undisclosed. Westmount owned the portfolio for three years. The portfolio is 97 percent leased to 107 tenants. The buildings were constructed between the late 1960s and late 1970s. Westmount now owns and manages 58 industrial buildings totaling 5.4 million square feet across the Chicago market.

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AcquisitionsIllinoisMidwestRetail

Mid-America Brokers Sale of Grocery-Anchored Shopping Center in Freeport, Illinois

by Kristin Harlow

FREEPORT, ILL. — Mid-America Real Estate Corp. has brokered the sale of Freeport Plaza in Freeport, a city in northern Illinois. The sales price was undisclosed. A 62,500-square-foot Cub Foods grocery store anchors the 87,846-square-foot shopping center, which is 87 percent leased. Cub Foods recently extended its lease to 2027. Rick Drogosz and Emily Gadomski of Mid-America represented the seller, a REIT. CRE Pro was the buyer.

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AcquisitionsMidwestOhioRestaurantRetail

Cooper Group Negotiates $2.5M Sale of McDonald’s-Occupied Property in Gahanna, Ohio

by Kristin Harlow

GAHANNA, OHIO — The Cooper Commercial Investment Group has negotiated the $2.5 million sale of a restaurant property occupied by McDonald’s in Gahanna, a northeast suburb of Columbus. Constructed in 2011, the building serves as an outparcel to the Hunter’s Ridge shopping center. Dan Cooper of Cooper Group represented the seller, a private investment group based in Florida. Cooper also procured the undisclosed buyer. The asset sold at full list price, representing a cap rate of 3.5 percent and $540 per square foot.

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AcquisitionsCaliforniaMultifamilyWestern

Waterton Acquires 406-Unit Veranda La Mesa Multifamily Community in Metro San Diego

by Amy Works

LA MESA, CALIF. — Waterton has purchased Veranda La Mesa, an apartment property located at 5353 Baltimore Drive in La Mesa, for an undisclosed price. The transaction marks Waterton’s first acquisition in the San Diego metro area. The name of the seller was not released. Situated on 18 acres, Veranda La Mesa features 406 apartments in a mix of studio, one- and two-bedroom layouts. Onsite amenities include multiple clubhouses, four swimming pools, six spas, a fitness center, game room, co-working lounge, dog washroom, tennis court, six laundry facilities and two dog parks. Waterton plans to implement a light value-add strategy across the common spaces while modernizing the remaining residences with new countertops, appliances, lighting, plumbing fixtures and flooring. The seller recently renovated the common areas and more than one-third of the residences.

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