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Acquisitions

AcquisitionsAlabamaRetailSoutheast

Halpern Acquires 74,224 SF Shopping Center in Athens, Alabama

by John Nelson

ATHENS, ALA. — Atlanta-based Halpern Enterprises has acquired Athens Marketplace, a 74,224-square-foot shopping center located at 1061 Kelli Drive in Athens, a western suburb of Huntsville. Drew Fleming and Mark Joines of Newmark represented the privately held seller in the transaction. The sales price was also not disclosed. Built in 2024, Athens Marketplace was fully leased at the time of sale to T.J. Maxx, Ross Dress for Less, Ulta Beauty, Five Below, Rack Room Shoes, America’s Best Contacts & Eyeglasses, High Cotton Nail Bar and Therapy South.

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AcquisitionsOfficeSoutheastTennesseeTop Stories

Drawbridge Realty Acquires 30-Story Bridgestone Tower in Downtown Nashville for $255M

by Kristin Harlow

NASHVILLE, TENN. — Drawbridge Realty has entered the Nashville market with the acquisition of Bridgestone Tower, a 30-story office building in the downtown district, for $255 million. Raleigh-based Highwoods Properties Inc. sold the 514,000-square-foot building, which was developed as a build-to-suit for Bridgestone Americas Inc. and completed in 2017. Eastdil Secured represented Highwoods in the sale. The property was fully leased at the time of sale and serves as the headquarters of Bridgestone Americas, the largest subsidiary of Bridgestone Corp., a publicly traded manufacturer of tires and rubber. Bridgestone Tower is situated within walking distance of Broadway, Bridgestone Arena, the Music City Center and the Country Music Hall of Fame. “Bridgestone Tower is a high-quality, mission-critical asset leased to a major global credit tenant in one of the most attractive investment markets in the country,” says Charlie McEachron, CEO of Drawbridge. With this acquisition, Drawbridge has purchased more than $740 million in assets in the past 12 months, totaling over 1.1 million square feet. Last October, the firm acquired The HIVE, a Class A office campus in Costa Mesa, Calif., that is fully leased to Anduril Industries. Drawbridge invested more than $20 million in tenant and capital improvement projects across …

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AcquisitionsRetailTexas

JLL Arranges Sale of 76,426 SF Shopping Center in North Dallas

by Taylor Williams

DALLAS — JLL has arranged the sale of Shops at Mockingbird, a 76,426-square-foot shopping center in North Dallas. The center was built on 6.4 acres adjacent to Dallas Love Field Airport in 2008. LA Fitness anchors the property, which was 94.7 percent occupied at the time of sale. Additional tenants include Family Dollar, Tropical Smoothie, Leslie’s Pool Supplies and Fuzzy’s Taco Shop. Adam Howells, Erin Lazarus and Michael Jankovich of JLL represented the seller, locally based investment firm Dunhill Partners, in the transaction.

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Cornerstone-Yorkshire-Lynbrook-New-York
AcquisitionsMultifamilyNew YorkNortheast

Cushman & Wakefield Brokers $36M Sale of Apartment Building in Lynbrook, New York

by Taylor Williams

LYNBROOK, N.Y. — Cushman & Wakefield has brokered the $36 million sale of Cornerstone Yorkshire, an 80-unit apartment building in Lynbrook, located on Long Island. The property offers studio, one- and two-bedroom units and amenities such as a fitness center, resident lounge and a landscaped courtyard. Niko Nicolaou, Ryan Dowd, David Bernhuat, Daniel Abbondandolo, Joegy Raju, Peter Welch, J.P. Hohl and Alexandria Ebers of Cushman & Wakefield represented the seller, The Birch Group, in the transaction and procured the undisclosed buyer.

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AcquisitionsConnecticutMultifamilyNortheastUncategorized

IPA Negotiates Sale of 42-Unit Pomeroy Place Apartments in Meriden, Connecticut

by Taylor Williams

MERIDEN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Pomeroy Place Apartments, a 42-unit apartment complex in Meriden, located roughly midway between Hartford and New Haven. Built in 2025, Pomeroy Place features studio, one- and two-bedroom units as well as a fitness center. Wes Klockner, Ross Friedel and Victor Nolletti of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsCaliforniaMultifamilyWestern

B.A.G. Investments Buys 104-Unit Apartment Community in Downey, California

by Amy Works

DOWNEY, CALIF. — B.A.G. Investments has acquired Parc @ 5, a 104-unit garden-style multifamily asset located in Downey, approximately 13 miles from downtown Los Angeles. Parc @ 5 Downey LLC sold the asset for an undisclosed price. Parc @ 5 features 20 one-bedroom units, 64 two-bedroom units and 20 three-bedroom units. Shane Shafer of Colliers represented the seller in the transaction.

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4605-Mills-Circle-Ontario-CA
AcquisitionsCaliforniaRestaurantRetailWestern

Progressive Real Estate Partners Brokers $2.8M Sale of Restaurant Building in Ontario, California

by Amy Works

ONTARIO, CALIF. — Progressive Real Estate Partners has arranged the purchase of a freestanding restaurant building located at 4605 Mills Circle in Ontario. A private investor acquired the asset for $2.8 million. Wienerschnitzel fully occupies the 2,739-square-foot building, which was built in 1998 and renovated in 2017. Lance Mordachini and Greg Bedell of Progressive Real Estate Partners represented the buyer, while David Lin of Kotai Commercial represented the seller, a private investor, in the deal.

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AcquisitionsLoansMichiganMidwestMultifamily

MMCC Arranges $3.3M Acquisition Loan for Michigan Multifamily Property

by Kristin Harlow

MOUNT CLEMENS, MICH. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.3 million loan for the acquisition of Hubbard Oaks, a 60-unit multifamily property in Mount Clemens, about 25 miles north of Detroit. Luke Lamoreaux of MMCC secured the five-year, fixed-rate loan through a local bank on behalf of the private client. The property features a mix of one- and two-bedroom units.

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AcquisitionsMarylandSeniors HousingSoutheastVirginia

Chiron Enters Seniors Housing Sector with $425M Purchase Agreement for Three Metro D.C. Properties

by John Nelson

ALEXANDRIA, VA. AND NORTH BETHESDA, MD. — Chiron Real Estate has entered into purchase agreements to acquire three senior living communities in the metropolitan Washington, D.C., area. Chiron is acquiring the properties from affiliates of Silverstone Senior Living for an aggregate price of $425 million. The acquisitions mark the REIT’s first entry into the seniors housing sector. Chiron entered into purchase agreements to acquire The Landing Alexandria and The Riviera at Alexandria on May 1 for a total price of $249 million. On May 6, the company entered into a purchase agreement to acquire Pinnacle North Bethesda for roughly $176 million. The Landing Alexandria opened in April 2022 and totals 163 independent living, assisted living and memory care units. As of April 2026, the community was 90 percent occupied. The Riviera Alexandria opened in March of this year. Totaling 129 luxury independent living apartments across 183,000 square feet, the property was roughly 20 percent leased as of April. Pinnacle North Bethesda is currently under development and is scheduled to open in October 2026. Upon completion, the 175-unit community will feature 88 independent living units, 59 assisted living units and 28 memory care units. The property was approximately 30 percent preleased …

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AcquisitionsLouisianaRetailSoutheast

Kohan Retail Acquires 964,123 SF Pecanland Mall in Monroe, Louisiana

by John Nelson

MONROE, LA. — Kohan Retail Investment Group has acquired Pecanland Mall, a 964,123-square-foot regional shopping center located in Monroe. Originally opened in 1985, the mall features more than 100 specialty shops, along with a food court. Tenants include Belk, Dillard’s, Dick’s Sporting Goods, JCPenney, American Eagle, Aerie, Bath & Body Works, The Children’s Place, Old Navy and Victoria’s Secret. Newmark brokered the transaction. The seller and sales price were not disclosed.

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