Saturday, February 28, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsGeorgiaHospitalitySoutheast

JLL Arranges Sale of 299-Acre Westin Hotel and Resort in Savannah

by John Nelson

SAVANNAH, GA. — For the third time in 10 years, JLL has arranged the sale of the Westin Savannah Harbor Golf Resort & Spa, a 299-acre hospitality property located adjacent to the newly expanded Savannah Convention Center on Hutchinson Island. Andrew Dickey, Maciej Polek and Derek Hayden of JLL represented the undisclosed seller in the transaction. Hersha Hotels and Resorts, a KSL portfolio company, purchased the resort for an undisclosed price. In addition to 403 guestrooms, the Westin Savannah Harbor Golf Resort & Spa features more than 51,800 square feet of indoor and outdoor meeting venues, five food-and-beverage outlets, an 18-hole championship golf course designed by Robert Cupp and Sam Snead, the 17-room Heavenly Spa by Westin, a resort-style pool with river views, tennis and pickleball facilities and an 18-hole disc golf course.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMarylandRetailSoutheast

SVN | Miller Negotiates Sale of 21 Acres at Outlets Ocean City in Coastal Maryland

by John Nelson

OCEAN CITY, MD. — The McClellan Team at SVN | Miller Commercial Real Estate has negotiated the sale of 21 acres of land underlying Outlets Ocean City, a 200,000-square-foot outlet mall in Ocean City. The outlet mall is subject to a long-term ground lease with leasehold improvements by the new ownership. The Elliott Family sold the land to the undisclosed buyer. The new ownership group has tapped the McClellan Team and Ryan Finnegan of SVN | Miller to lease Outlets Ocean City, which has six units available for lease. According to the property’s online directory, the outlet mall’s tenant roster includes American Eagle, Carter’s, Crocs, HomeGoods, J. Crew Factory, Mione’s Pizza, Old Navy Outlet, Outback Steakhouse, Rack Room Shoes, Skechers, Sunglass Hut and Under Armour, among other brands.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentFloridaRestaurantRetailSoutheast

Morgan, Casto Net Lease Buy Land in Southeast Florida, Plan Aldi-Anchored Shopping Center

by John Nelson

PORT ST. LUCIE, FLA. — A partnership between Morgan Co. and Casto Net Lease has acquired 15 acres in Port St. Lucie, a city in southeast Florida’s St. Lucie County. The duo plans to develop a new shopping center anchored by Aldi on the site. The center will also include outparcels designated for McDonald’s, Circle K and AutoZone, as well as outparcels that are currently available for sale or lease. Scott Copeland of On Course Development represented Morgan and Casto Net Lease in the land deal. The seller and sales price were not disclosed. The buyers plan to break ground on the shopping center before the end of the year and deliver the property in 2027.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaRestaurantRetailSoutheast

Marcus & Millichap Brokers Sale of Metro Atlanta Restaurant Leased to Whataburger

by John Nelson

FLOWERY BRANCH, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Flowery Branch leased to Whataburger. The restaurant was built in 2024 and sold to a local buyer that purchased the property all-cash in a 1031 exchange. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group represented the seller, a repeat developer for the Whataburger brand, in the deal. Both parties requested anonymity. Whataburger has 14 years remaining on its ground lease, which features rent increases in the initial term as well as extension options. “This marks our fourth new Whataburger closing in the Atlanta MSA over the past 12 months, and we are currently marketing an additional location in Buford, Ga.,” says McMinn. “Demand for well-located QSR [quick-service restaurant] assets remains strong as 1031 exchange and private capital continue to re-enter the net lease market. Capital targeting the QSR sector is driven by long-term leases, rent escalations and attractive drive-thru locations.”

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNevadaWestern

AEW Capital Acquires Three-Building, 392,900 SF South Reno Industrial Portfolio in Nevada

by Amy Works

RENO, NEV. — AEW Capital Management has purchased South Reno Industrial Portfolio, a three-building industrial campus in Reno, from WHI and McKenzie Properties for an undisclosed price. The asset is located at 12910, 12920 and 12930 Old Virginia Road. South Reno Industrial Portfolio consists of three concrete tilt-up buildings: Totaling nearly 20 acres, the campus offers 479 auto parking stalls, loading courts and robust power capacity. At the time of sale, the asset was 92 percent leased to a diverse mix of logistics, advanced manufacturing and e-commerce tenants. Will Strong, Michael Matchett, Molly Miller, Jack Stamets, Madeline Warren, Jeff Chiate, Rick Ellison, Matthew Leuopold, Aubrie Monahan, Mike Nevis and Shawn Jaenson of Cushman & Wakefield represented the sellers and procured the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Slatten-Ranch-Antioch-CA
AcquisitionsCaliforniaRetailWestern

Camden Village Sells 118,187 SF Slatten Ranch Shopping Center in Antioch, California

by Amy Works

ANTIOCH, CALIF. — Camden Village LLC has completed the disposition of Slatten Ranch Shopping Center, a community retail center in Antioch. Sterling Organization acquired the asset for an undisclosed price. Located at 5709-5759 and 5779-5789 Lone Tree Way, Slatten Ranch Shopping Center features 118,187 square feet of retail space. The property is shadow-anchored by Target. Eric Kathrein, Gleb Lvovich, Andrew Spangenberg and Allie Repaskey of JLL Capital Markets represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityKansasLoansMidwest

Ariel Property Advisors Secures $12.4M Acquisition Loan for Hampton Inn Hotel in Kansas

by Kristin Harlow

DODGE CITY, KAN. — Ariel Property Advisors’ Capital Services Group has secured a $12.4 million acquisition loan for a 108-room Hampton Inn & Suites hotel in Dodge City within southwest Kansas. Matt Swerdlow and Matthew Dzbanek of Ariel arranged the fixed-rate loan through a regional balance sheet lender. The loan featured a 6.5 percent interest rate and a 25-year amortization schedule.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilySeniors HousingWisconsin

Northmarq Arranges $10.7M Sale of Senior Living Portfolio in Madison Metro Area

by Kristin Harlow

MADISON AND VERONA, WIS. — Northmarq has arranged the $10.7 million sale of Westminster and Prairie Oaks II, two senior living communities totaling 102 units in the Madison metro area. Both properties operate under low-income housing tax credit restrictions through 2032 and are designated for residents age 55 and older. Westminster in Verona was built in 2003, and Prairie Oaks II in Madison was constructed in 2002. Both feature one- and two-bedroom floor plans with amenities such as underground heated parking, community lounges, fitness and business centers and onsite management. Jake Lamb, Parker Stewart, Dominic Martinez and Alex Malzone of Northmarq represented the seller, Lakeside Capital Advisors. TPW Properties was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

CRG Sells 66,552 SF Industrial Building in Franklin Park, Illinois

by Kristin Harlow

FRANKLIN PARK, ILL. — CRG has sold The Cubes at ORD, a newly constructed industrial building totaling 66,552 square feet in Franklin Park, located immediately southeast of the Chicago O’Hare International Airport. Developed on a speculative basis in 2025, the facility is fully leased to Worldwide Flight Services. The infill development offers direct access to I-294 and features 20 exterior dock doors, two drive-in doors, 11 trailer storage spaces and parking for 70 vehicles. Erik Foster, Mike Wilson, Brian Colson and Brian Pomorski of Avison Young represented CRG in the transaction. Matt Mulvihill of CBRE represented the tenant. The buyer and sales price were undisclosed. CRG integrated partner LJC designed The Cubes at ORD, while parent company Clayco served as general contractor.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Greenstone Parters Brokers $5.6M Sale of Retail Property in Chicago’s Wicker Park

by Kristin Harlow

CHICAGO — Greenstone Partners has brokered the $5.6 million sale of a retail and medical property located at 1455 N. Milwaukee Ave. in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98 percent of the list price to a New York-based buyer. The two-story property features 11,370 rentable square feet, roughly 125 feet of frontage along North Milwaukee Avenue and a private surface parking lot with 23 dedicated spaces. Barry’s Bootcamp occupies the ground floor. The upper level is leased to medical services provider Kindbody, formerly Vios Fertility Institute. Danny Spitz and Brewster Hague of Greenstone represented the seller, a Chicago-based investment and development company, and procured the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts