Wednesday, April 8, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsAlabamaMultifamilySoutheast

Cushman & Wakefield Brokers Sale of Seleno at Bridge Street Apartments in Huntsville

by John Nelson

HUNTSVILLE, ALA. — Cushman & Wakefield has brokered the sale of Seleno at Bridge Street, a 244-unit apartment community in Huntsville. California-based Steadfast Cos. purchased the community from Connecticut-based Twenty Lake Holdings for an undisclosed price. Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller in the transaction. Seleno at Bridge Street serves at the multifamily component of Bridge Street Town Centre, a mixed-use development comprising hotels, offices and retailers including Apple, H&M, The Cheesecake Factory, Main Event and PBR x Lockhart Smokehouse. Built in 2019, the apartment community includes a fitness center, heated resort-style swimming pool with in-pool loungers, clubhouse with TVs and a kitchen/coffee bar, dog park and pet spa, game lounge with glass garage doors overlooking the pool area, a karaoke room and focus rooms.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAlabamaMultifamilySoutheast

Cushman & Wakefield Brokers Sale of Selano at Bridge Street Apartments in Huntsville

by John Nelson

HUNTSVILLE, ALA. — Cushman & Wakefield has brokered the sale of Selano at Bridge Street, a 244-unit apartment community in Huntsville. California-based Steadfast Cos. purchased the community from Connecticut-based Twenty Lake Holdings for an undisclosed price. Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller in the transaction. Selano at Bridge Street serves at the multifamily component of Bridge Street Town Centre, a mixed-use development comprising hotels, offices and retailers including Apple, H&M, The Cheesecake Factory, Main Event and PBR x Lockhart Smokehouse. Built in 2019, the apartment community includes a fitness center, heated resort-style swimming pool with in-pool loungers, clubhouse with TVs and a kitchen/coffee bar, dog park and pet spa, game lounge with glass garage doors overlooking the pool area, a karaoke room and focus rooms.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaRestaurantRetailSoutheast

Franklin Street Arranges $8.4M Sale of CVS-Anchored Retail Center in Atlanta

by John Nelson

ATLANTA — Franklin Street has arranged the sale of Parkwood Shops, a 20,397-square-foot retail strip center located at 2014 SE Powers Ferry Road in Atlanta’s Cumberland-Galleria submarket. SITE Centers purchased the center from Ronus Properties for $8.4 million. Bryan Belk and John Tennant of Franklin Street represented the seller in the transaction. CVS/pharmacy anchors the property, which was fully leased at the time of sale to tenants including Boston Market, Jersey Mike’s, Planet Smoothie, Piu Bello Pizzeria, Hikaru Ramen and Personal Touch Cleaners. All tenants have at least four years remaining on their lease terms, according to Franklin Street.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndianaMidwestMultifamily

Morgan Properties Acquires Two Midwest Multifamily Portfolios for $410M

by Kristin Harlow

ILLINOIS AND INDIANA — Morgan Properties has acquired two multifamily portfolios totaling eight communities and 2,986 units in Illinois and Indiana for $410 million. With the addition of these new assets, Morgan Properties now owns and operates 2,035 units in Illinois, 3,692 units in Indiana and more than 95,000 units nationwide. The Illinois portfolio consists of The Lakes of Schaumburg in Schaumburg, Blackhawk Apartments in Elgin and The Gates of Deer Grove in Palatine. The Indiana portfolio consists of The Boardwalk at Westlake, Parkside at Castleton Square, Lakeside Crossing at Eagle Creek, The Elliott at College Park and The Preserve on Allisonville. Morgan Properties plans to invest more than $40 million in capital improvements across the two portfolios. The seller was undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOfficeOhio

Marcus & Millichap Brokers $22M Sale of Office Portfolio Near Cincinnati

by Kristin Harlow

SHARONVILLE, OHIO — Marcus & Millichap has brokered the sale of the Summit Woods office portfolio in Sharonville near Cincinnati for $22 million. The portfolio consists of two Class A buildings that were constructed in 2006 and 2015. Joseph DiSalvo, David Peirce and Alexander Nulf of Marcus & Millichap represented the undisclosed seller and procured the buyer, Shelbourne Global. The portfolio sold at 97 percent of the suggested list price.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Koontz Corp. Sells 340-Unit Apartment Community in College Station

by Taylor Williams

COLLEGE STATION, TEXAS — San Antonio-based Koontz Corp. has sold Encino Trace Apartments, a 340-unit community in College Station. Koontz completed Encino Trace, which offers one- and two-bedroom floor plans, in January 2022. Units feature stainless steel appliances, quartz countertops, brushed nickel hardware, simulated wood and ceramic tile flooring, full-size washers and dryers, walk-in closets, private patios and balconies and detached garages. Communal amenities include a pool with a tanning ledge and outdoor kitchen, poolside lounge and fire pit, a dog park, fitness center and a clubhouse. Will Balthrope, Drew Garza and Jennifer Campbell of Institutional Property Advisors, a division of Marcus & Millichap, brokered the deal on behalf of Koontz Corp. The buyer was California-based SB Pacific Group LLC.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 309-Unit Multifamily Property in Northeast Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of Hampton Greens, a 309-unit multifamily property in northeast Dallas. Built in 1985 on nine acres, the 16-building community offers one- and two-bedroom floor plans featuring patios or balconies, walk-in closets and exterior storage space. Amenities include a pool, business center, fitness center, clubhouse, children’s play area and onsite laundry facilities. David Fersing, Nick Fluellen and Bard Hoover of Marcus & Millichap represented the seller, Los Angeles-based Oro Capital Advisors LLC, in the transaction. The team also procured the buyer, a partnership between two locally based firms, Capital Boutiq and Trinity Investors.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeTexas

JLL Negotiates Sale of 150,000 SF Office Building in West Houston

by Taylor Williams

HOUSTON — JLL has negotiated the sale of 10497 Town & Country Way, a 150,000-square-foot office building in West Houston. Kevin McConn and Rick Goings of JLL represented the seller, an affiliate of metro Philadelphia-based Equus Capital Partners, in the transaction. Kelly Layne and John Ream, also with JLL, arranged an undisclosed amount of acquisition financing on behalf of the buyer, a joint venture between 35 South Capital and Lee & Associates. Independent Bank provided the loan.

Continue Reading
FacebookTwitterLinkedinEmail
Stockton-Industrial-Park-Stockton-CA
AcquisitionsCaliforniaIndustrialWestern

Intercontinental Real Estate, Kennedy Wilson Purchase 877,648 SF Manufacturing Facility in Stockton, California

by Amy Works

STOCKTON, CALIF. — A joint venture between Intercontinental Real Estate Corp. and Kennedy Wilson has purchased Stockton Industrial Park, a manufacturing and distribution facility in Stockton. A New York-based owner and operator of logistics real estate sold the asset for $84 million. Located at 1604 Tillie Lewis Drive, the three-building park features 877,638 square feet of highly functional and easily divisible space. The facilities feature 24- to 28-foot clear heights, ample dock-high and grade-level loading, and a wide range of unit sizes for warehouse and/or manufacturing purpose. The largest of the buildings, totaling 570,000 square feet, offers direct rail service. At the time of sale, the property was 100 percent leased. Barbara Perrier, Darla Longo and Rebecca Perlmutter of CBRE, along with Blake Rasmussen and Tyler Vallenari of Cushman & Wakefield, marketed the property for sale on behalf of the seller. CBRE represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaMultifamilyWestern

Goodegg Investments, Break of Day Capital Acquire 248-Unit Mission Antigua Apartments in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — San Francisco-based Goodegg Investments and Manhattan Beach, Calif.-based Break of Day Capital have jointly acquired Mission Antigua, a 248-unit apartment community located in the Midvale Park area of Tucson, for an undisclosed price. Julie Lam and Annie Dickerson of Goodegg Investments and Gary Lipsky at Break of Day Capital led the acquisition teams. This is the eighth asset in Arizona for Break of Day Capital and the first for Goodegg Investments. Completed in 1989, Mission Antigua comprises 248 one-, two- and three- bedroom units and includes amenities such as a swimming pool, picnic area, fitness center and clubhouse. Individual unit amenities include fireplaces, ceiling fans, walk-in closets and balconies and patios. Select units include vaulted ceilings and in-unit washers and dryers. Approximately 70 percent of the units have been renovated, and Goodegg Investments and Break of Day Capital plan to renovate the remaining units.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts