Acquisitions

Chinatown Service Center Acquires 25,320 SF Office Building in San Gabriel, California

by Amy Works June 2, 2026

SAN GABRIEL, CALIF. — Chinatown Service Center, a nonprofit, has purchased an office building located at 526 W. Las Tunas Drive in San Gabriel from 211 LA for $8.2 million. Mark Shaffer, Anthony DeLorenzo and Dylan Rutigliano of CBRE represented the seller, while Natalie Bazarevitsch and Jackie Benavidez of CBRE represented the buyer in the deal. Originally developed in 1955 as a regional bank branch, the two-story, elevator-served building features 25,320 square feet of office space, as well as a basement and drive-around surface parking. The building has been consistently maintained and upgraded, including a new roof, a backup diesel generator, a three-stop hydraulic elevator installed in 2021 and lighting largely retrofitted to LED.

June 2, 2026

Acquisitions Development Texas

Dallas Mavericks Agree to Buy 104 Acres at Former Valley View Mall for New Arena, Entertainment Complex

by Taylor Williams June 2, 2026

DALLAS — The Dallas Mavericks have entered into options agreements for the potential purchase of 104 acres at the site of the former Valley View Mall on the city’s north side that could become the future home of a new basketball arena and entertainment complex, according to a statement issued by the team on June 1. The team stated that the Valley View site, which has been targeted for years for potential redevelopment by various companies, satisfied “most of the criteria established at the outset of our evaluation process.” According to The Dallas Morning News, the Mavericks’ lease at their current arena, American Airlines Center, expires in July 2031, and the team has set a self-imposed deadline of July 1 of this year to complete the site selection process for a new venue. The paper also reported that the Mavericks want a footprint of at least 50 acres for the new arena and surrounding entertainment district and as of January 2026, had essentially narrowed their decision down to the Valley View site or an unspecified location in downtown Dallas. The Mavericks have played at American Airlines Center since 2001.

June 2, 2026

Acquisitions Data Centers Industrial New Jersey Northeast

Cresa Negotiates 249,640 SF Data Center Lease in Carlstadt, New Jersey

by Taylor Williams June 2, 2026

CARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed. The deal is for the entirety of the building at 600 Commerce Blvd., which was originally constructed in 2008 for a major banking institution. Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch of Cresa represented the landlord, local owner-operator Russo Development, in the lease negotiations.

June 2, 2026

Acquisitions Florida Hospitality Southeast

Berkadia Brokers Sale of 294-Unit Condominium Hotel in Sunny Isles Beach, Florida

by John Nelson June 2, 2026

SUNNY ISLES BEACH, FLA. — Berkadia has brokered the sale of Solé Miami, A Noble House Resort, a 294-key condominium hotel located in Sunny Isles Beach, about 20 miles north of downtown Miami. The resort features beach access, a pool, fitness center and a steam room. Christian Charre and Paul Wiemer of Berkadia represented the seller, Mast Capital, in the transaction. South Street Partners acquired the property for an undisclosed price.

June 2, 2026

Acquisitions Florida Healthcare Southeast

BGO Acquires 41,810 SF Medical Office Building in Metro Tampa

by John Nelson June 2, 2026

RIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview. The two-story property was fully leased at the time of sale to Women’s Healthcare Enterprises and AdventHealth. CBRE negotiated the transaction on behalf of BGO.

June 2, 2026

Acquisitions Healthcare Illinois Midwest

Advocate Health Acquires Outpatient Center in Metro Chicago for $23.4M

by Kristin Harlow June 2, 2026

NAPERVILLE, ILL. — Advocate Health and Hospitals Corp., a wholly owned subsidiary of Advocate Health, has purchased the Advocate Health Cardiovascular ASTC & Outpatient Center in Naperville for $23.4 million. HSG Medical and Capital Healthcare Properties sold the 42,438-square-foot, single-tenant medical facility. Developed by HSG Medical and Capital Healthcare Properties, the newly redeveloped property is a cardiovascular ambulatory surgery treatment center (ASTC) and outpatient facility. The building was purpose-built to serve as an extension of Advocate’s cardiology program at Advocate Good Samaritan Hospital and houses a dedicated cardiac catheterization operating room, prep and post-recovery services, cardiovascular specialty clinician offices, primary care, cardiac diagnostics, a lab and imaging services. The redevelopment project converted an existing building into the modern medical facility. Alex Sharrin of JLL represented the sellers, while Tom Hollinden of CBRE represented the buyer.

June 2, 2026

Acquisitions Midwest Retail Wisconsin

Marcus & Millichap Arranges $8.2M Sale of Retail Center in Stevens Point, Wisconsin

by Kristin Harlow June 2, 2026

STEVENS POINT, WIS. — Marcus & Millichap has arranged the $8.2 million sale of Northpoint Shopping Center, an 11-suite retail strip center in Stevens Point, a city in central Wisconsin. Built in 1968, the 62,956-square-foot property is fully occupied by tenants such as Dollar Tree, Anytime Fitness, U.S. Cellular and Firehouse Subs. The asset is within walking distance of the University of Wisconsin-Stevens Point. Dan Bowar of Marcus & Millichap procured the buyer, Hastings Properties LLC.

June 2, 2026

Acquisitions Florida Industrial North Carolina South Carolina Southeast Top Stories Virginia

JLL Arranges $300M Sale of Southeast Industrial Portfolio Net-Leased to FedEx

by John Nelson June 2, 2026

ATLANTA — JLL has arranged the $300 million sale of a six-property industrial portfolio located across five Southeastern states. The facilities in the nearly 1.6 million-square-foot portfolio were fully net-leased to FedEx on long-term agreements at the time of sale. Built between 2022 and 2023, the facilities range in size from 251,000 to 337,000 square feet. The properties are located in Punta Gorda, Fla.; Anderson, S.C.; Myrtle Beach, S.C.; Christiansburg, Va.; Bristol, Va.; and Wingate, N.C. PGIM and Miramar Capital sold the portfolio to a confidential buyer. Britton Burdette, Dennis Mitchell, Luis Castillo, Bill Prutting, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the sellers in the transaction. “The scale and geographic diversification of this portfolio reflect the critical role last-mile distribution plays in today’s logistics landscape,” says Burdette. “PGIM positioned these assets to capitalize on accelerating demand for modern industrial space in markets with strong population growth and consumer spending fundamentals.” PGIM is the global asset management business of Prudential Financial Inc. (NYSE: PRU) and has $1.4 trillion in assets under management as of March 31, 2026, including $217 billion in real estate assets. Miramar Capital is a privately owned real estate investment and development firm specializing in …

June 2, 2026

Acquisitions Industrial Texas

JLL Negotiates Sale of 838,446 SF Industrial Facility in Katy, Texas

by Taylor Williams June 1, 2026

KATY, TEXAS — JLL has negotiated the sale of an 838,446-square-foot industrial facility in the western Houston suburb of Katy. The building, which was constructed in 2024 as a build-to-suit for Builders FirstSource, represents Phase I of a larger development known as Grand Central West. Building features include 40-foot clear heights, 136 dock doors, 20 loading ramps, three drive-in doors, 185-foot truck court depths, 31,065 square feet of office space and parking for 500 cars and 134 trailers. Trent Agnew, Charles Strauss, Lance Young, Clay Anderson and Dawson Hastings of JLL represented the seller, a partnership between Pinpoint Commercial and Senterra, in the transaction. Goldman Sachs purchased the building for an undisclosed price.

June 1, 2026

Acquisitions Arizona Industrial Western

Partnership Purchases 1.3 MSF Industrial Property in Phoenix

by Amy Works June 1, 2026

PHOENIX — A joint venture between Machine Investment Group, Miramar Capital and Axonic Capital has acquired The Hub @ 202, a 1.3-million-square-foot industrial park in Phoenix. Terms of the transaction were not disclosed. Situated in the city’s Southeast Valley submarket, The Hub @ 202 features 10 buildings ranging in size from 65,000 square feet to 270,000 square feet. The partnership plans to invest additional capital into the property to create move-in ready industrial suites designed to meet the market demand and attract a variety of tenants. Will Strong, Molly Miller, Jack Stamets, Michael Matchett and Madeline Warren of Cushman & Wakefield coordinated the sale along with leasing advisors Ken McQueen, Chris McClurg, Blake Peters and Jack Sim of Lee & Associates. Cushman & Wakefield’s Equity, Debt & Structured Finance team, including Brian Share, Rob Rubano, Max Schafer and Joseph Lieske, arranged financing on behalf of the new ownership.

June 1, 2026

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