Acquisitions

CBRE Arranges $58M Acquisition Financing for Industrial Portfolio in Metro Nashville

by John Nelson March 5, 2026

GOODLETTSVILLE AND SMYRNA, TENN. — CBRE has arranged $58 million in acquisition financing for a last-mile industrial portfolio in metro Nashville spanning more than 600,000 square feet. Mike Ryan, Richard Henry, J.P. Cordeiro and Taylor Crowder of CBRE’s Debt & Structured Finance team arranged the financing through Starwood on behalf of the borrower, Raith Capital Partners. The properties in the portfolio include: 300 Oak Bluff Lane in Goodlettsville (207,080 square feet); 100 Northfork Lane in Goodlettsville (67,000 square feet); 200 Northfork Lane in Goodlettsville (100,500 square feet); and 801 Swan Drive in Smyrna (229,504 square feet). Delivered between 1993 and 1998, the properties were fully leased at the time to five tenants and feature clear heights ranging from 24 to 30 feet.

March 5, 2026

Acquisitions Florida Office Southeast

Banyan Street, Lafayette Street Acquire Harborview Plaza Offices in Tampa for $39.5M

by John Nelson March 5, 2026

TAMPA, FLA. — A partnership between Banyan Street Capital and Lafayette Street Capital has acquired Harborview Plaza, a 6.7-acre, waterfront office complex in Tampa’s Westshore submarket. Atlanta-based Cousins Properties sold the 206,329-square-foot property for $39.5 million. Christian Lee and Sean Kelly of CBRE’s National Office Partners team represented Cousins Properties in the transaction. Amy Julian and Andrew Chilgren of CBRE’s Debt & Structured Finance team arranged acquisition financing for the new owners through Prime Finance. Tom Rappa, Matthew Lee, Max Nathan, Joe Chick and Dale Peterson of CBRE supported the transaction. Banyan Street Capital and Lafayette Street Capital have retained Jim Moler and Deana Beer of JLL to handle the leasing assignment at Harborview Plaza. The new owners plan to make several capital improvements at the office complex, including updated elevators, a new lobby, tenant lounge, café, waterfront outdoor patio and a “third workplace.” Future enhancements will include new wayfinding and building signage.

March 5, 2026

Acquisitions Arizona Office Western

Workspace Property Trust Sells Two-Building, 238,500 SF Office Campus in Phoenix

by Amy Works March 5, 2026

PHOENIX — Workspace Property Trust has completed the disposition of a two-building office campus in Phoenix. An affiliate of Wentworth Property Co. acquired the property for an undisclosed price. Totaling 238,500 square feet, the campus includes two three-story buildings with 39,750-square-foot floor plates. Onsite amenities include a fitness center with locker rooms, a large kitchen, electric vehicle charging stations, multiple indoor and outdoor work areas and loading docks. Originally built in 2001, the asset offers flexible configurations suitable for a range of tenant needs. The campus is located at 25500-25600 N. Norterra Drive. Wentworth plans to invest in the property, including a full mechanical engineering upgrade and new food, wellness and training amenities. Jim Bayless and Ashley Brooks Jr. of CBRE advised on the transaction. The team will handle leasing for the property on behalf of Wentworth, with Wentworth Property Management managing the campus.

March 5, 2026

Acquisitions Georgia Multifamily Southeast

ECI Group Sells 260-Unit Apartment Community in McDonough, Georgia

by John Nelson March 5, 2026

MCDONOUGH, GA. — ECI Group has sold The Corwyn South Point Apartments, a 260-unit community located at 1000 Columns Drive in McDonough, a southern suburb of Atlanta. Morgan Properties purchased the property for an undisclosed price. David Gutting of Newmark represented the seller in the transaction. The Corwyn South Point features one-, two- and three-bedroom apartments. Amenities include a 2,000-square-foot clubhouse with a kitchen, fitness center with a dedicated yoga/spin room and a gathering room featuring a lounge, fireplace, TV and media center with a gaming area. Outdoor amenities include a resort-style pool with sun shelf and deck, grilling and fire pit areas, landscaped courtyard with a bocce ball court and a dog park and pet wash station.

March 5, 2026

Acquisitions California Development Office Western

Newmark Brokers $38.2M Sale of Land Site, Office Building in Westwood, California

by Amy Works March 5, 2026

WESTWOOD, CALIF. — Newmark has arranged the sale of 10918-10926 Le Conte Avenue, a land site with a 9,647-square-foot office building in Westwood. An undisclosed buyer acquired the asset from Le Conte Westwood Development for $38.2 million. Ryan Plummer of Newmark, along with WESTMAC’s Willa McNamara Fields and Jim Burnap, represented the seller. Newmark’s David Kluth and JLL’s Aliya Coher represented the buyer in the off-market transaction. The buyer’s plans for the new development on the site will be released in the upcoming months.

March 5, 2026

Acquisitions California Retail Western

Phillips Edison & Co. Buys 46,406 SF Shops at Plaza West Covina in California

by Amy Works March 5, 2026

WEST COVINA, CALIF. — Phillips Edison & Co. has acquired Shops at Plaza West Covina, a retail property located at 310 S. California Ave. in West Covina, from an undisclosed seller for $25.8 million. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL Capital Markets represented the seller in the deal. At the time of sale, the 46,406-square-foot property was 88 percent occupied. Current tenants include Bank of America, Jamba, Urbane Café, SchoolsFirst Federal Credit Union, California Fish Grill, Gen Korean BBQ House and other specialty retailers.

March 5, 2026

Acquisitions Development Mixed-Use New York Northeast

JLL Negotiates $53M Sale of Mixed-Use Development Site in Lower Manhattan

by Taylor Williams March 5, 2026

NEW YORK CITY — JLL has negotiated the $53 million sale of a mixed-use development site in Lower Manhattan’s Financial District. The site at 75–83 Nassau St. offers approximately 275,000 square feet of permitted zoning floor area, including 225,000 square feet of residential space that could yield as many as 265 units. Andrew Scandalios, Ethan Stanton, Jonathan Hageman and Michael Mazzara of JLL represented the seller, New York-based investment firm Lexin Capital, in the transaction. The buyer, a partnership between Fulltime Management and Montgomery Street Partners, plans to develop a residential building with ground-floor retail and second-floor commercial space.

March 5, 2026

Acquisitions Illinois Midwest Retail

JLL Brokers Sale of Overlook at Oakbrook Retail Center in Metro Chicago for $44M

by Kristin Harlow March 5, 2026

OAK BROOK, ILL. — JLL Capital Markets has brokered the $44 million sale of Overlook at Oakbrook, an unanchored retail strip center in Oak Brook that was constructed in 2023 and is located across from Oakbrook Center shopping mall. The property totals 52,876 square feet across seven buildings. The asset is 94 percent occupied by 13 tenants, including Lazy Dog Restaurant and Bar, Panera Bread, Veterinary Emergency Group and Guidepost Montessori. The property features 80 percent national tenancy with no single tenant representing more than 20 percent of income. Michael Nieder, Brian Page and Alex Sharrin of JLL represented the seller, MetLife Investment Management, and procured the buyer, a real estate fund advised by Crow Holdings Capital.

March 5, 2026

Acquisitions Midwest Missouri Multifamily Student Housing

Core Spaces Acquires 972-Bed Student Housing Community Near University of Missouri

by Kristin Harlow March 5, 2026

COLUMBIA, MO. — Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community near the University of Missouri in Columbia. Preiss and a real estate fund advised by Crow Holdings Capital sold the 318-unit property. Located at 3600 Aspen Heights Parkway, The Collective at Columbia offers a mix of two- to four-bedroom floor plans, all in cottage-style layouts. Amenities include a pool, clubhouse, fitness center, sand volleyball court, basketball court, dedicated study lounges and a private shuttle providing direct access to campus. The property is currently fully occupied. The acquisition marks Chicago-based Core’s first investment in Columbia.

March 5, 2026

Acquisitions Industrial Massachusetts Northeast Office

Premier Fence Acquires 25.8-Acre Industrial Facility in Middleborough, Massachusetts

by Taylor Williams March 5, 2026

MIDDLEBOROUGH, MASS. — Premier Fence, a provider of fencing and outdoor home goods, has acquired a 25.8-acre industrial facility in Middleborough, located south of Boston. The property at 370 Wareham St. features four approximately 20,000-square-foot buildings. Two buildings will house uses such as manufacturing, warehousing of raw materials, storage of finished goods and office, showroom and employee training space. Premier Fence will market the other two buildings for lease. The company expects to open its new facility this spring. MassDevelopment provided $11.7 million in bond financing, some of which is tax-exempt, for the purchase and build-out of the facility. Cambridge Savings Bank purchased the bond.

March 5, 2026

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