Thursday, April 9, 2026
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Acquisitions

AcquisitionsFloridaGeorgiaIndustrialSoutheast

Basis Industrial, OneIM Acquire Industrial Portfolio in Orlando, Metro Atlanta for $144.6M

by John Nelson

DELRAY BEACH, FLA. — A joint venture between Delray Beach-based Basis Industrial and global investment management firm One Investment Management (OneIM) has purchased an industrial portfolio in the Orlando and Atlanta markets. The firms acquired the 839,001-square-foot portfolio from Boston-based Albany Road Real Estate Partners for $144.6 million as part of a multibillion-dollar programmatic joint venture between Basis Industrial and OneIM. The acquired portfolio spans multiple building within three properties: Lake Point Business Park (134,389 square feet) and Challenger South (146,538 square feet) in Orlando and Breck Exchange in Duluth, Ga. (558,074 square feet). Aaron Appel, Jonathan Schwartz and Michael Brown of Walker & Dunlop assisted in sourcing acquisition debt. Mo Beler, Jonathan Paine, Cory Elbaum and Jackson Irwin of Walker & Dunlop advised on the joint venture equity raise.

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AcquisitionsOfficeTennessee

SVN | Wood Brokers Sale of 23-Story Riverview Tower in Downtown Knoxville

by John Nelson

KNOXVILLE, TENN. — SVN | Wood Properties has brokered the sale of Riverview Tower, a 23-story office tower located at 900 S. Gay St. in downtown Knoxville. Apex Bank purchased the building for an undisclosed price from an affiliate of Hertz Investment Group. George Brown and Taylor Thompson of SVN | Wood represented the seller in the transaction, which closed in approximately four months from the listing date. Riverview Tower spans 334,197 square feet of offices with floor-to-ceiling windows on every level. The acquisition includes an adjacent multi-level parking garage. Apex Bank has selected SVN | Wood to continue leasing the office tower.

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AcquisitionsIndustrialSoutheastTennessee

Matthews Negotiates $15.8M Sale of Industrial Facility in Columbia, Tennessee

by John Nelson

COLUMBIA, TENN. — Matthews has negotiated the $15.8 million sale of a 162,934-square-foot industrial facility located on 15.5 acres at 2206 Oakland Parkway in Columbia, a city in Middle Tennessee’s Maury County. Jay Reeves, Matthew Powell and Jonathan Ghertner of Matthews represented the seller, an unnamed national developer, in the transaction. Mike Havens of Havens Commercial represented the buyer, an undisclosed investment firm. According to the Matthews property website, the facility is fully leased to GCP Applied Technologies Inc., which recently signed a new 10-year triple-net lease at the property with 2.5 percent annual rent increases and two five-year renewal options.

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12224-Montague-St-Los-Angeles-CA
AcquisitionsCaliforniaIndustrialWestern

Partnership Acquires 113,500 SF Industrial Building in North Los Angeles

by Amy Works

LOS ANGELES — A partnership between Slater Harding Partners, Foundation Capital Partners and Sierra Ridge Capital has purchased an industrial building, located at 12224 Montague St. in the Pacoima submarket of North Los Angeles, for an undisclosed price. David Harding, Matt Dierckman, Greg Geraci, Billy Walk and Kevin Carroll of Colliers represented the seller, Michael Lichstein, and the buyer in the deal. The 113,500-square-foot property features a clear height of 24 feet, 125-foot truck court, gated yard and 12 dock-high doors. The new ownership plans to implement a renovation program to enhance the building’s appearance and operational functionality.

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AcquisitionsNevadaOfficeWestern

CBRE Negotiates Sale of 43,944 SF South Rainbow Business Park in Las Vegas

by Amy Works

LAS VEGAS — CBRE has directed the sale of South Rainbow Business Park, an office property located at 5920 and 5940 S. Rainbow Blvd., in Las Vegas. GPS LV Business Park acquired the asset from South Rainbow Park Property Co. LCC for $11.7 million. The 43,944-square-foot office park is fully leased to a mix of professional and medical tenants. Marc Magliarditi and Miranda Jennings of CBRE represented the seller in transaction.

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AcquisitionsIllinoisMidwestMultifamily

Standard, Belay Acquire 256-Unit Apartment Property in Lombard, Illinois

by Kristin Harlow

LOMBARD, ILL. — Standard Real Estate Investments has expanded its strategic partnership with Belay Investment Group. The venture will target middle-market, value-add multifamily investment opportunities in the Midwest with a commitment of $50 million. To mark the beginning of the partnership, Standard has completed the acquisition of Martins Point, a 256-unit, garden-style property in Lombard. The asset is located at 2101 S. Finley Road in DuPage County. Built in 1989, Martins Point features 17 buildings along with a clubhouse and maintenance shop. Amenities include a pool, grilling center, fitness center and game room. Planned renovations include enhancements to residences and common areas. Standard now owns 1,092 units in suburban Chicago.

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AcquisitionsMidwestRestaurantRetailWisconsin

Marcus & Millichap Brokers $2.5M Sale of Chipotle-Occupied Retail Property in Wisconsin

by Kristin Harlow

WAUSAU, WIS. — Marcus & Millichap has brokered the $2.5 million sale of a single-tenant retail property net leased to Chipotle in Wausau. The newly constructed building totals 5,000 square feet. The property is secured by a 15-year, corporate-guaranteed net lease and is the only Chipotle within a 95-mile radius, according to Marcus & Millichap. Jeff Rowlett, Blake Hanlon and Mark Peltin of Marcus & Millichap procured the buyer, Niets Investment Co. Michael Hughes of Marcus & Millichap Capital Corp. secured a five-year loan with a fixed interest rate of 5.65 percent and a 25-year amortization period.

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AcquisitionsMixed-UseNew YorkNortheast

TerraCRG Negotiates $6.1M Sale of Brooklyn Mixed-Use Building

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm TerraCRG has negotiated the $6.1 million sale of a 7,200-square-foot mixed-use building located at 390 Court St. in Brooklyn’s Carroll Gardens neighborhood. Chase Bank occupies the building’s ground-floor retail space, and Cobble Hill Ballet previously occupied the space on the upper floors. Rémi Norris and Matt Cosentino of TerraCRG represented the seller, an undisclosed family office, in the transaction. The buyer was also not disclosed.

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AcquisitionsIndustrialNew YorkNortheast

Marcus & Millichap Brokers $5.6M Sale of Brooklyn Industrial Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $5.6 million sale of an 11,850-square-foot industrial building in Brooklyn. Constructed in 1931, the building at 30 Richards St. is located in the Red Hook neighborhood and includes two drive-in doors, mezzanine storage and second-floor office space. Jesse Kay and Jakub Nowak of Marcus & Millichap represented the seller in the transaction. Haritini Pandis of Compass Real Estate represented the buyer. Both parties requested anonymity.

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AcquisitionsRetailTop StoriesWestern

Bed Bath & Beyond to Acquire Several Home Retail Brands, Including The Container Store

by Kristin Harlow

MURRAY, UTAH — Bed Bath & Beyond Inc. (NYSE: BBBY), owner of Bed Bath & Beyond, Overstock, buybuy BABY and Kirkland’s, has signed a letter of intent to acquire the equity interests and substantially all assets of F9 Brands Inc., which owns and operates Cabinets To Go, Lumber Liquidators, Gracious Home/Thos. Baker and Southwind Building Products. The purchase price is nearly $150 million, and the transaction is expected to close after the company’s annual shareholder meeting in May. Murray-based Bed Bath & Beyond says this transaction will represent an additional step in building a national, fully integrated home services platform under “Beyond Home Services,” which will include categories such as storage, closets, cabinets, flooring, installation, renovation and distribution. Kitchen cabinets retailer Cabinets To Go operates more than 100 stores/showrooms nationwide. Lumber Liquidators is a specialty retailer of waterproof and hardwood flooring with more than 200 stores. Southwind Building Products supplies flooring and building materials to a network of 4,400 independent retailers and contractors across the country. Last week, Bed Bath & Beyond announced plans to acquire The Container Store for approximately $150 million in a deal that aims to combine the two retail brands. The Container Store maintains more than …

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