Friday, November 13, 2026
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Acquisitions

AcquisitionsMarylandMultifamilySoutheast

Byrnes & Associates Arranges $22M Sale of Apartment Building in Downtown Baltimore

by Alex Tostado

BALTIMORE — Byrnes & Associates Inc. has arranged the sale of The Munsey Apartment Building, an 18-story, 149-unit apartment building in downtown Baltimore. The property offers studio, one- and two-bedroom floor plans ranging from 668 to 1,705 square feet. Communal amenities include a fitness center, business center and a community clubroom. The building was originally constructed in 1911 and is named after Frank Munsey, the publisher and owner of the Baltimore-Sun. The asset was converted to multifamily space in 2002. Brad Byrnes of Byrnes & Associates represented both the buyer, PMC Property Group, and the seller, LC3 Investors Baltimore LLC, in the transaction.

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AcquisitionsNew JerseyNortheastOffice

CBRE Brokers $9M Sale of Office Property in Parsippany, New Jersey

by Alex Patton

PARSIPPANY, N.J. — CBRE has brokered the $9 million sale of a 75,049-square-foot, Class B office property in Parsippany, approximately 30 miles west of New York City. Located at 10 Lanidex Plaza West, the three-story building was constructed in 1987 and offers convenient access to Interstates 80 and 287. Business management consultant Solix Inc. leased 31,442 square feet at the building earlier this year. Charles Berger, Elli Klapper and Mark Silverman of CBRE, along with A&T Services’ Thomas Mallaney, represented seller Lincoln Property Co. in the transaction. MSM Equities was the buyer.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Arranges $2.1M Sale of Retail Property in Aberdeen, New Jersey

by Alex Patton

ABERDEEN, N.J. — Marcus & Millichap has arranged the $2.1 million sale of a 3,378-square-foot retail property net-leased to Amboy Bank in Aberdeen, a southern suburb of New York City. Located at 1147 State Route 34, the property sits as an outparcel to a retail center anchored by grocer Stop & Shop. Jason Petrick of Marcus & Millichap represented the buyer, a limited liability company, in the transaction. The buyer was an out-of-state1031 exchange buyer that acquired the asset in an all-cash deal.

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AcquisitionsRetailTexas

Marcus & Millichap Arranges Sale of Two Retail Buildings Totaling 19,772 SF in West Austin

by Taylor Williams

AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of Gateway to Falconhead Buildings A & F, two retail properties totaling 19,772 square feet in Austin. The buildings are part of the Falconhead master-planned development on the city’s west side. Ethan Offenbecher of Marcus & Millichap represented the seller, a limited liability company, in the transaction. A Texas-based 1031 exchange investor acquired the asset for an undisclosed price.

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AcquisitionsCaliforniaRetailWestern

SRS Brokers $9.5M Sale of Shops at El Camino Real in Belmont, California

by Amy Works

BELMONT, CALIF. — SRS Real Estate Partners has negotiated the sale of Shops at El Camino Real, a retail center located at 1200 El Camino Real in Belmont. A Northern California-based private investor sold the asset for $9.5 million, or approximately $1,200 per square foot. Peet’s Coffee & Tea, Detox Kitchen & Juice Bar, Menchie’s Yogurt, SuperCuts, Toto’s Pizzeria and AT&T are tenants at the two-building, 8,014-square-foot retail center. Built in 1999, the property is an outparcel to a Safeway-anchored retail center. Chris Tramontano, John Redfield and Bruce Frazer of SRS’ National Net Lease Group represented the seller. The Gilmartin Group represented the undisclosed buyer in the transaction.

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AcquisitionsNet LeaseRetailUtahWestern

DWG Capital Group Arranges $6.6M Acquisition of Walgreens-Occupied Building in Utah

by Amy Works

SOUTH OGDEN, UTAH — Los Angeles-based DWG Capital Group has negotiated the purchase of a single-tenant, net-leased retail property located in South Ogden, approximately 35 minutes from Salt Lake City. A Sacramento, Calif.-based private family trust acquired the property for $6.6 million. Built in 2010, the 14,490-square-foot property is situated on 1.6 acres at 6016 S. 1550 East. A corporate-operated Walgreens occupies the property under a 17-year, triple-net lease. Judd Dunning of DWG Capital Group, along with Mitchell Asset Group, represented the buyer, while Deerfield Partners represented the undisclosed seller in the transaction. Victor Saponari of Quantum Capital Partners arranged debt financing for the buyer.

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AcquisitionsArizonaNet LeaseRetailWestern

Evergreen Devco Sells Wilhelm Automotive-Occupied Retail Asset in Phoenix for $2.7M

by Amy Works

PHOENIX — CBRE has arranged the sale of a retail property located at 15275 N. 35th Ave. in Phoenix. Arizona-based Evergreen Devco developed and sold the building for California-based Vice Partners for $2.7 million. Wilhelm Automotive occupies the new 5,569-square-foot building on a triple-net lease. The building is part of a retail development by Evergreen Devco. Joseph Compagno, R. Max Bippus and Benjamin Farthing of CBRE’s Net Lease Property Group in Phoenix represented the seller. Dylan Brown and Andrew Fosberg of CBRE Phoenix and California-based Chris Van Keulen of CBRE represented the buyer in the deal.

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AcquisitionsMidwestRetailWisconsin

Boulder Group Arranges $28M Sale of Property Net Leased to Pick ‘n Save in Metro Milwaukee

by Kristin Harlow

MENOMONEE FALLS, WIS. — The Boulder Group has arranged the $28 million sale of a 103,611-square-foot property net leased to Pick ‘n Save in Menomonee Falls within metro Milwaukee. Constructed in 2011, the single-tenant building is located on Appleton Avenue. There are approximately 11 years remaining on the lease, which is guaranteed by Kroger. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based real estate company. A West Coast-based real estate investment company purchased the asset. Roundy’s, now a subsidiary of Kroger, owns Pick ‘n Save.

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AcquisitionsMidwestOfficeOhio

NAI Pleasant Valley Brokers Sale of 37,000 SF Office Building Near Cleveland

by Kristin Harlow

SHAKER HEIGHTS, OHIO — NAI Pleasant Valley has brokered the sale of a 37,000-square-foot office building located at 20820 Chagrin Blvd. in Shaker Heights, just east of Cleveland. The sales price was undisclosed. Gerilyn Gleason and Jeffrey Kahn of NAI Pleasant Valley represented the seller. The local buyer plans to occupy the property, which is near the Van Aken District, an $18.5 million mixed-use project featuring multiple retailers and apartments.

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AcquisitionsIndustrialTop Stories

Sealy & Co. Acquires Industrial Portfolio in Midwest, Southeast for $108M

by Alex Patton

DALLAS — Sealy & Co., a developer headquartered in Dallas, has acquired a 34-property industrial portfolio for $108 million. The sale included three off-market acquisitions of warehouse properties located in Kansas City, Missouri; Oklahoma City; and Memphis, Tennessee. The Kansas City transaction included five buildings in Executive Park, a master-planned industrial park constructed by ADCO Group on 1,200 acres in 1974. That transaction also included a second industrial park in the East Bottoms submarket. Sealy also acquired a 20 distribution warehouses in Memphis’ Southeast submarket consisting of single-tenant buildings averaging 50,500 square feet. The last acquisition was for five modern, Class A distribution warehouse facilities in Oklahoma City. The fully occupied assets are situated 2.5 miles from the Will Rogers World Airport. The sellers were undisclosed in all three transactions. “In a time when many have been forced to the sidelines, we are pleased to continue to capture compelling deals in enduring distribution hubs,” says Michael Sealy, executive vice president of capital markets for Sealy & Co. “Each investment was reviewed for the reliability and stability of future income, the potential for capital appreciation and the impact of each acquisition as it relates to the portfolio as a whole.” Sealy …

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