CORAL SPRINGS, FLA. — Garden City, N.Y.-based Pliskin Realty & Development has acquired Turtle Run Shoppes, an 80,000-square-foot retail center located in Coral Springs, a city in South Florida’s Broward County, for $19.5 million. Built in 1990 and renovated in 2018, Turtle Run Shoppes was 92 percent leased at the time of sale. Tenants include America’s Best Contacts and Eyeglasses, Cycle Gear, My Salon Suite, Smoothie King, La Brasas Bar & Restaurant, the U.S. Postal Service and Ross Dress for Less, which anchors the center. Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap marketed the property on behalf of the seller, Boca Raton, Fla.-based Grover Corlew, and procured Pliskin Realty in the transaction.
Acquisitions
LEESBURG, VA. — TA Realty, in collaboration with its data center development arm TA Digital Group, has sold two hyperscale data centers totaling 745,000 square feet in Leesburg, a city in Northern Virginia’s Loudoun County. The two facilities are the first completed buildings of a planned five-building, 450-megawatt (mW) hyperscale data center campus. The buyer and additional terms of the sale were not disclosed. The campus is set to be leased to a single, unnamed global cloud provider, according to Data Center Dynamics.
Continental Realty Corp. Buys 329-Unit Multifamily Community in Summerville, South Carolina
by Abby Cox
SUMMERVILLE, S.C. — Baltimore-based Continental Realty Corp. has acquired Elevate at Brighton Park, a 329-unit apartment complex located in the Charleston suburb of Summerville. Alex Okulski of Newmark represented the seller, American Landmark, in the transaction. The sales price was not disclosed. Situated within the 5,000-acre, master-planned community of Nexton, Elevate at Brighton Park comprises 19 three-story buildings that offer garden-style apartments, carriage homes and townhomes. Floorplans at the complex range from one-, two- and three-bedroom layouts, with an average unit size of 1,014 square feet. Amenities include a standalone clubhouse with separate fitness and business centers, a saltwater swimming pool, outdoor lounge areas with grills, hammock garden and a dog park.
NEW YORK CITY — Gencom, a Miami-based investment firm, has acquired The Ritz-Carlton New York, Central Park, a 253-room hotel located in Midtown Manhattan. Banco Inbursa provided financing for the acquisition. Although the sales price was not disclosed, media outlets reported a bidding price of $400 million for the property in March 2024. “Gencom continues to see compelling long-term opportunities in New York City, particularly for luxury assets with enduring global appeal,” says Karim Alibhai, founder and principal of Gencom. Situated within the Plaza District at the corner of Central Park South and Sixth Avenue, the Ritz-Carlton New York comprises 253 guest rooms, including 47 suites that are located on the lower 22 floors of the 33-story building. The upper floors consist of roughly a dozen private residential condominiums, which were not included in the sale. Guest rooms offer a more standard hotel room layout, with separate seating areas, marble bathrooms and walk-in showers. Meanwhile, the residential condos average more than 1,000 square feet in size and include distinct living spaces, kitchens and dining areas. The Ritz-Carlton hotel also features various amenities for its guests, including Contour, the all-day gastro lounge; the Ritz-Carlton Club Lounge; the La Prairie Spa; and a …
DALLAS — NAI James E. Hanson, a New Jersey-based brokerage firm, has arranged the $8.8 million sale of a 20,000-square-foot cold storage facility in southwest Dallas. The newly renovated building at 4910 Joseph Hardin Drive includes 2,000 square feet of office space and has been net-leased to Bento Sushi for the past 10 years. Michael Walters and Cameron Silverstein of NAI Hanson represented the buyer, Anderson & Vreeland Realty Corp., in the transaction. The seller was CanTex Capital. The deal traded via a 1031 exchange, the structuring of which was supported by Chase Miller of NAI Robert Lynn.
CARROLLTON, TEXAS — Locally based investment firm Dalfen Industrial has purchased a 70,635-square-foot industrial building in the northern Dallas metro of Carrollton. The multi-tenant building at 1625 W. Crosby Road was 71 percent leased at the time of sale to two tenants: Momentum Technologies and Central Cargo North America. The seller and sales price were not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $8.8 million sale of a 15-unit apartment building in Manhattan’s East Village. The building at 207 E. Fourth St., which includes two commercial spaces, houses studio, one- and two-bedroom units that were recently upgraded with new interior finishes, floors, appliances and bathroom fixtures. Matt Berger and Joe Koicim of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
MCLEAN, VA. — JLL Income Property Trust, alongside investment partner LCOR, has sold Kingston at McLean Crossing, a 319-unit apartment community located at 7480 Birdwood Ave. in McLean, about 12 miles west of Washington, D.C. The Chicago-based REIT originally acquired the 15-story property in 2021, three years after the property was delivered. The buyer is Pantzer Properties, a multifamily owner-operator based in New York City, according to Apartments.com. Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia represented the seller in the transaction. The sales price was not disclosed. Pantzer has rebranded Kingston at McLean Crossing to The Point at McLean. Units come in studio to three-bedroom layouts ranging in size from 569 to 1,932 square feet. Amenities include a pool, fitness center, concierge, conference rooms, spa, EV charging stations and a playground. The property was 96 percent occupied at the time of sale.
SRS Negotiates Sales of Three New Central Florida Retail Properties Leased to 7-Eleven
by John Nelson
TAMPA, FLA. — SRS Real Estate Partners has negotiated the sales of three new retail properties in Central Florida leased to 7-Eleven totaling $28.8 million. Built in late 2025, the three properties are located in Winter Haven, Daytona Beach and Ocoee and comprise modern convenience stores and fueling stations. 7-Eleven occupies all three properties on 15-year, triple-net leases. Patrick Nutt and William Wamble of SRS represented the sellers, Florida-based developers, in the transactions. The Winter Haven and Ocoee properties were sold as a portfolio to a Florida-based family office for a combined $19.2 million. A locally based, private investor purchased the Daytona Beach location, which is situated across from Latitude Landings and Latitude Margaritaville, in a 1031 exchange for approximately $9.5 million.
Barings Sells Seacliff Village Shopping Center in Huntington Beach to Asana Partners for $151M
by Amy Works
HUNTINGTON BEACH, CALIF. — Barings has completed the disposition of Seacliff Village, a core grocery-anchored shopping center in Huntington Beach, to Asana Partners for $151 million. JLL secured an $83.8 million acquisition loan for the buyer. Situated on 26.7 acres at Yorktown Avenue and Main Street, Seacliff Village features 253,234 square feet of retail space that was 95.8 percent occupied at the time of sale. The property is anchored by a 69,925-square-foot Albertsons store. Additional tenants include LA Fitness, Staples, Panera Bread, Starbucks Coffee and four banks. The property is wholly owned, including all 11 outparcel and shop buildings. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL brokered the transaction. Anthony Fertitta Jr. and John Marshall of JLL arranged the acquisition financing for the buyer.