Thursday, July 9, 2026
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Acquisitions

Willow Terrace
AcquisitionsAlabamaMultifamilySoutheast

Marcus & Millichap Brokers $7.5M Sale of Willow Terrace Apartment Community in Troy, Alabama

by Abby Cox

TROY, ALA. — Marcus & Millichap has brokered the $7.5 million sale of Willow Terrace, a 128-unit apartment community located in Troy, approximately 47 miles south of Montgomery, Ala. Built in 1974 on 6.5 acres, Willow Terrace includes a mix of one-, two- and three-bedroom floorplans ranging in size from 675 to 1,194 square feet, according to Apartments.com. Amenities at the complex include a swimming pool, fitness center, laundry facilities and onsite property management. Josh Jacobs of Marcus & Millichap represented the seller, an entity doing business as Willow Terrace Apartments LLC, in the transaction. The buyer was not disclosed.

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The Baltimorean
AcquisitionsMarylandMultifamilySoutheast

Northmarq Arranges $6M Sale of Apartment Complex in Baltimore

by Abby Cox

BALTIMORE — Northmarq has arranged the $6 million sale of The Baltimorean Apartments, a 66-unit complex located near Johns Hopkins University in Baltimore. Ari Azarbarzin, Anthony Pino, Wallace Halpert and Jamie Grant of Northmarq represented the seller, an entity doing business as 2905 N. Charles Street LLC, in the transaction. Real Estate Dimensions was the buyer. This transaction marks the first time the property has been sold since 1994. Originally built in 1927, The Baltimorean offers a mix of studios, one- and two-bedroom apartments, with units averaging 385 square feet in size. The property features two elevators, a fitness room, management office and a laundry room.

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Arcadia Lakes
AcquisitionsLoansRetailSouth CarolinaSoutheast

Eastern Union Secures $2.9M Acquisition Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

by Abby Cox

COLUMBIA, S.C. — New York-based Eastern Union has secured $2.9 million in financing for the acquisition of Arcadia Lakes Shopping Center, a 33,684-square-foot retail center located at 6432 Two Notch Road in Columbia. Marc Tropp of Eastern Union arranged the five-year mortgage on behalf of the buyer, CityWide Properties. The loan features a 75 percent loan-to-cost ratio and a 6.65 percent interest rate. Proceeds of the loan were used for the purchase of the shopping center, as well as for a line of credit for tenant improvements and leasing commissions. CityWide Properties is planning to upgrade the property with new exterior lighting and paint, parking lot repaving and striping and fresh landscaping. Tenants at the property include Rent-A-Center, Pizza Hut, Boost Mobile and Heights Finance.

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Courtyard-by-Marriott-Wayne-Fairfield
AcquisitionsHospitalityNew JerseyNortheast

JLL Brokers Sale of 122-Room, Marriott-Branded Hotel in Northern New Jersey

by Taylor Williams

FAIRFIELD, N.J. — JLL has brokered the sale of the 122-room Courtyard by Marriott Wayne Fairfield hotel in Northern New Jersey. Built in 2018, the four-story hotel features 73 standard king rooms, 36 standard two-queen rooms, seven extended two-queen rooms, four king suites and two queen suites. Amenities include an indoor pool, fitness center, onsite restaurant and 1,587 square feet of meeting and event space. Phil White of JLL represented the seller, RiverLink Hotels, in the deal. Jillian Mariutti, also with JLL, arranged acquisition financing through M&T Bank on behalf of the buyer, Concord Hospitality.

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AcquisitionsMultifamilyNew JerseyNortheast

Berkadia Arranges $10.7M Sale of Northern New Jersey Apartment Complex

by Taylor Williams

ORANGE, N.J. — Berkadia has arranged the $10.7 million sale of Lincoln Manor Apartments, a 68-unit apartment complex in the Northern New Jersey community of Orange. According to Apartments.com, the building exclusively offers one-bedroom units with an average size of 1,000 square feet. Nat Gambuzza and Tim Blashford of Berkadia represented the seller, Layna Investments LLC, in the transaction and procured the buyer, FM Equities LLC.

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8600-S-Valley-Hwy-Englewood-CO
AcquisitionsColoradoDevelopmentMultifamilyWestern

Garrett Cos. Acquires 12.6-Acre Parcel in Englewood, Colorado for Multifamily Development

by Amy Works

ENGLEWOOD, COLO. — Colorado-based The Garrett Cos. has acquired a 12.6-acre development site at 8600 S. Valley Highway in Englewood, from Grace Chapel for an undisclosed price. The buyer is developing Garrett Park Meadow, a 317-unit apartment property on the site. Currently under construction, the community will feature a clubhouse with full amenities and six four-story residential buildings with a mix of one-, two- and three-bedroom units. Eric Roth, Martin Roth and Chris Cowan of CBRE represented the seller in the deal.

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Ninety-Nine-Ave-Phoenix-AZ
AcquisitionsArizonaRetailWestern

Phoenix Commercial Advisors Brokers Sale of Sprouts Farmers Market-Anchored Retail Center in Phoenix

by Amy Works

PHOENIX — Phoenix Commercial Advisors has arranged the sale of Ninety Nine Ave, a grocery-anchored retail property in Phoenix. A private buyer acquired the asset from the developer for $30.7 million, or $650 per square foot, in an all-cash transaction. Situated on 5.2 acres on the northeast corner of 99th Avenue and McDowell Road, the property offers 47,201 square feet of retail space. At the time of sale, the property was 100 percent leased to a variety of tenants, including Sprouts Farmers Market, CAVA, Hand & Stone and Mountain Mike’s Pizza. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the deal.

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3141-Alameda-St-Medford-OR.jpg
AcquisitionsMultifamilyOregonWestern

Fourth Avenue Capital Buys Ridgewood Apartments in Medford, Oregon for $22.1M

by Amy Works

MEDFORD, ORE. — Fourth Avenue Capital has acquired Ridgewood Apartments, a multifamily property located at 3141 Alameda St. in Medford, from Investors Capital Group for $22.1 million. Situated on 3.9 acres, the community features 96 two- and three-bedroom apartments spread across 13 residential buildings with a clubhouse, fitness center, an outdoor pool and private garages, as well as a standalone leasing office. The property was built in two phases between 2002 and 2004. Josh McDonald and Joe Nydahl of CBRE represented the seller and buyer in the transaction.

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AcquisitionsArizonaIndustrialWestern

SBA Management Purchases 47,531 SF Industrial Building in Tucson for $3.8M

by Amy Works

TUCSON, ARIZ. — SBA Management LLC has acquired an industrial property located at 1401 and 1501 S. Pantano Road in Tucson from East Coast Tucson Development LLC for $3.8 million. Airtronics will occupy the 47,531-square-foot facility. Robert Glaser and Stephen Cohen of Cushman & Wakefield | PICOR represented the seller in the deal.

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2800-Skyline-Mesquite
AcquisitionsIndustrialTexas

JLL Brokers Sale of 756,668 SF Distribution Center in Mesquite, Texas

by Taylor Williams

MESQUITE, TEXAS — JLL has brokered the sale of a 756,668-square-foot distribution center in Mesquite, an eastern suburb of Dallas. The site at 2800 Skyline Drive spans 40.4 acres. The building was completed earlier this year and features 40-foot clear heights, 96 loading doors with 29 dock levelers, 185-foot truck court depths and 124 trailer parking stalls. Jody Thornton, Trent Agnew, Tom Weber, Pauli Kerr, Ben Pollack and Michael Jankovich of JLL represented the seller, a joint venture that includes Capstar Real Estate Advisors, in the transaction. The buyer was W. P. Carey. The facility was fully leased at the time of sale to Canadian Solar.

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