Acquisitions

MetroNational Buys 218,000 SF Office, Retail Development in Houston’s Heights District

by Taylor Williams April 22, 2026

HOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston. Designed by Michael Hsu Office of Architecture and completed in 2020, M-K-T Heights is an adaptive reuse of several 1970s-era industrial buildings. Today, the property comprises more than 100,000 square feet of creative office space and 100,000 square feet of retail and restaurant space, as well as a pedestrian boardwalk. The seller and sales price were not disclosed. MetroNational acquired the property in a joint venture with Radom Capital and Triten Real Estate Partners, the property’s original developers.

April 22, 2026

Acquisitions Multifamily Southeast Virginia

Bonaventure Purchases Virginia Beach Apartment Community for $39.5M

by John Nelson April 22, 2026

VIRGINIA BEACH, VA. — Bonaventure, a multifamily owner-operator based in Alexandria, Va., has purchased Royal Pointe Apartments, a 208-unit garden-style community in Virginia Beach. The firm acquired the value-add apartment property for $39.5 million via its Bonaventure Multifamily Income Trust investment vehicle. The seller was not disclosed. Bonaventure worked with Greystone to assume the property’s existing debt as part of the acquisition. Built in 1987, Royal Pointe Apartments will be updated with new LVP flooring, appliances, cabinets, lighting and fixtures for unit interiors. Exterior improvements will center on improving the property’s curb appeal.

April 22, 2026

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $3.8M Sale of Southwest Florida Retail Strip Center Leased to Starbucks, Tide Cleaners

by John Nelson April 22, 2026

BONITA SPRINGS, FLA. — Marcus & Millichap has brokered the $3.8 million sale of a 4,665-square-foot retail strip center located at 27250 Bay Landing Drive in Bonita Springs, a city in southwest Florida. Built in 2000 and renovated in 2014, the freestanding center was fully occupied on long-term, triple-net leases by Starbucks Coffee and Tide Cleaners. Chris Garavaglia, Andrew Muth and Alex Perez of Marcus & Millichap’s St. Louis office represented the seller, a private developer, and procured the buyer, a Florida-based investor, in the transaction. Both parties requested anonymity. Ryan Nee served as Marcus & Millichap’s Florida broker of record.

April 22, 2026

Acquisitions Industrial Nevada Western

Premier Logistics Properties, PCCP Buy 813,120 SF Industrial Facility in North Las Vegas

by Amy Works April 22, 2026

NORTH LAS VEGAS, NEV. — Premier Logistics Properties, in partnership with PCCP, has acquired an infill, big box warehouse at 4550 Nexus Way in North Las Vegas. Terms of the off-market transaction were not disclosed. Developed in 2017 on 38.2 acres, the 813,120-square-foot building features a clear height of 36 feet, full concrete truck courts and ample employee parking and trailer storage. Amazon fully occupies the property.

April 22, 2026

Acquisitions Arizona Development Industrial Western

Creation to Develop 700,000 SF Industrial Campus in Avondale, Arizona

by Amy Works April 22, 2026

AVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on a 38-acre site in Avondale for the development of Avondale Tech Center, a Class A industrial campus. Construction is slated to begin this summer. LGE Design Build will serve as both architect and general contractor for the project. Riley Gilbert, John Lydon and Kelly Royle of JLL will handle leasing for the asset. Located at the northwest corner of 117th Avenue and Corporate Drive, Avondale Tech Center will consist of three buildings ranging from 212,184 square feet to 254,264 square feet. Each building is designed to accommodate the operational needs of modern industrial users, including advanced manufacturing, research and development and assembly operations. The buildings will feature 36-foot clear heights, seven-inch unreinforced slab floors, 60 mil white TPO roofing with R30 insulation and 3,000-amp, 480-volt three-phase power expandable to 6,000 amps. The properties will incorporate critical FM Global features, including a steel roof and an upgraded K-25 ESFR sprinkler system. The campus will also include four electric vehicle chargers with eight charging stalls per building and a fully gated secure site. Avondale Tech Center will offer tenant-focused outdoor amenities, including dedicated …

April 22, 2026

Acquisitions California Mixed-Use Multifamily Office Retail Western

Progressive Real Estate Partners Brokers $2.9M Sale of Armstrong Building in Pomona, California

by Amy Works April 22, 2026

POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.

April 22, 2026

Acquisitions Illinois Midwest Retail

Boulder Group Arranges $3.5M Sale of Staples-Occupied Retail Property in Metro Chicago

by Kristin Harlow April 22, 2026

NAPERVILLE, ILL. — The Boulder Group has arranged the $3.5 million sale of a single-tenant retail property net leased to Staples in Naperville within metro Chicago. The 22,888-square-foot building is situated on 2.4 acres. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a real estate investment firm. The buyer was a Southeast-based investment company. The Staples lease expires on March 31, 2032. The tenant has operated at the location since 2006.

April 22, 2026

Acquisitions Industrial Midwest Ohio

NAI Pleasant Valley Brokers Sale of 50,000 SF Industrial Building in Twinsburg, Ohio

by Kristin Harlow April 22, 2026

TWINSBURG, OHIO — NAI Pleasant Valley has brokered the sale of a 50,000-square-foot industrial building in Twinsburg, located midway between Akron and Cleveland. The sale of the property at 2300 E. Enterprise Parkway follows the earlier sale of the sister property at 2377 E. Enterprise Parkway in late 2025. Both buildings sold to separate investment buyers, with Keltec Technolab remaining as the tenant in both properties. Both transactions achieved near-asking prices and reflected cap rates slightly under 8 percent. Bob and Scott Raskow of NAI Pleasant Valley were the brokers.

April 22, 2026

1-3-Eves-Drive-Evesham-Corporate-Center-Marlton-New-Jersey

Acquisitions New Jersey Northeast Office

Colliers Brokers Sale of 160,000 SF Office Portfolio in Marlton, New Jersey

by Taylor Williams April 22, 2026

MARLTON, N.J. — Colliers has brokered the sale of a portfolio of six office buildings totaling approximately 160,000 square feet in the Southern New Jersey community of Marlton. The portfolio comprises two single-story buildings totaling 33,317 square feet at 1 and 3 Eves Drive, as well as Evesham Corporate Center, a 14.2-acre development that houses 133,822 square feet of office space across four buildings. The Eves Drive buildings were fully leased at the time of sale, while Evesham Corporate Center was roughly 65 percent leased at the time of sale. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers brokered the deal. The buyer and seller were not disclosed.

April 22, 2026

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 650-Unit Self-Storage Facility in Fresno, Texas

by Taylor Williams April 21, 2026

FRESNO, TEXAS — Marcus & Millichap has brokered the sale of GuardBox Storage, a 650-unit self-storage facility in Fresno, a southern suburb of Houston. Built on 8.3 acres in 2005, GuardBox Storage comprises 129,493 net rentable square feet across 320 climate-controlled units, 231 non-climate-controlled units, 55 covered parking spaces, 43 uncovered parking spaces and one climatized office space. Dave Knobler, Mixson Staffel, Adam Schlosser and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The group also procured the buyer, MyPlace Self Storage.

April 21, 2026

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