Wednesday, May 27, 2026
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Acquisitions

AcquisitionsIllinoisMidwestRetail

United Properties Acquires Two Chicagoland Shopping Centers for $22.6M

by Kristin Harlow

CHICAGO AND ROMEOVILLE, ILL. — United Properties Corp. has acquired Bishop Plaza, a 76,000-square-foot retail center in Chicago, for $11.5 million. The company also purchased the Shops at Romeoville, an 82,687-square-foot shopping center along the South Weber Road corridor in Romeoville, for $11.1 million. The Shops at Romeoville is home to tenants such as TJ Maxx, Ross Dress for Less, Petco and Five Below. Based in East Meadow, N.Y., United Properties owns and operates shopping centers across 22 states.

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AcquisitionsIndustrialSoutheastTennessee

Colliers Brokers $140M Sale of Industrial Facility in Cookeville, Tennessee

by John Nelson

COOKEVILLE, TENN. — Colliers has brokered the $140 million sale of a 1.6 million-square-foot industrial facility located at 4500 Academy Road in Cookeville, about 75 miles east of Nashville via I-40. The name of the tenant was not disclosed, but the property was developed in 2015 as a build-to-suit for Academy Sports + Outdoors, which services 84 stores across 14 states from the fulfillment center. Tratt Properties acquired the property from Middleton Partners. Ken Hedrick, Andrew Ragsdale, Phillip Butts, Jonathan Ameen, Will Smith and Spencer Smith of Colliers represented both the buyer and seller during the transaction.

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AcquisitionsGeorgiaMultifamilySoutheast

American Landmark Acquires 400-Unit Apartment Community in Buford, Georgia

by John Nelson

BUFORD, GA. — American Landmark Apartments has acquired Preserve at Mill Creek, a 400-unit multifamily community located at 1400 Mall of Georgia Blvd. in Buford, a northeast suburb of Atlanta. The seller and sales price were not disclosed. Built in 2001, Preserve at Mill Creek is situated near the Mall of Georgia, I-85 and Ga. Highway 20. The property features one-, two- and three-bedroom apartments, as well as a swimming pool, fitness center, courtyard and a clubhouse. The acquisition grows American Landmark’s metro Atlanta portfolio to nine properties.

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AcquisitionsFloridaRetailSoutheast

SRS Arranges $11.1M Sale of Retail Property in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — SRS Real Estate Partners has arranged the $11.1 million sale of Shops at Race Track, a nearly 17,000-square-foot retail center located at 4560 Race Track Road in Jacksonville. Situated on 2.4 acres within the Durbin Park master-planned community, the property was fully leased at the time of sale to six tenants including Heartland Dental, Dep Nails and Avecina Medical. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate development and investment firm, in the transaction. Sean McGill of Cantrell & Morgan represented the buyer, a private investment firm with offices in New York and Jacksonville. Both parties requested anonymity.

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AcquisitionsRetailSoutheastTennessee

Matthews Negotiates Sale of 10,031 SF Retail Center in Clarksville, Tennessee

by John Nelson

CLARKSVILLE, TENN. — Matthews has negotiated the sale of Shops of Wilma Rudolph, a 10,031-square-foot, unanchored retail center located at 3031 Wilma Rudolph Blvd. in Clarksville, about 46 miles northwest of Nashville via I-24. A private investor based in north Alabama purchased the center from the seller, a development firm based in Tennessee, in a 1031 exchange for more than $5 million. Both parties requested anonymity. Hutt Cooke and Robert Tate of Matthews represented the seller in the transaction. Shops of Wilma was fully leased at the time of sale to Sleep Number, FedEx Office and a U.S. Army Recruiting Station, all of which operate on triple-net leases.

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AcquisitionsCaliforniaFloridaRetailSoutheastTexasTop StoriesVirginiaWestern

Bain Capital, 11North Acquire Five Open-Air Retail Centers Across Four States for $300M

by Kristin Harlow

CALIFORNIA, VIRGINIA, FLORIDA AND TEXAS — A joint venture between Bain Capital and 11North Partners has acquired five open-air retail centers for approximately $300 million. The properties total roughly 757,000 square feet and are located in Carlsbad, Calif.; Falls Church, Va.; Altamonte Springs, Fla.; and Sugar Land, Texas. The seller was not disclosed. Anchor tenants of the portfolio include Harris Teeter, Trader Joe’s, Walmart, Costco and Equinox, with sales from those anchor stores exceeding $900 per square foot. The portfolio, which was more than 93 percent occupied at the time of sale, also features a mix of food, fitness, medical, service and other necessity-based tenants. “Open-air, grocery-anchored retail continues to demonstrate some of the most compelling risk-adjusted fundamentals in the real estate landscape,” says Brian Harper, founder and managing partner of New York City-based 11North. “These assets align squarely with our strategy of building a portfolio of institutional-quality, open-air centers, anchored by best-in-class necessity and lifestyle tenants that serve as cornerstones of their communities,” adds Martha Kelley, a managing director at Boston-based Bain. The acquisition follows Bain and 11North’s recent capital raise of $1.6 billion that is dedicated to investing in open-air retail throughout the co-owned, 11North platform. Together with …

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AcquisitionsIndustrialTexas

JLL Negotiates Sale of 357,570 SF Distribution Center in Northwest Houston

by Taylor Williams

HOUSTON — JLL has negotiated the sale of Fairbanks Northwest Distribution Center, a 357,570-square-foot industrial property in northwest Houston. The two-building, cross-dock complex was constructed on a 23.4-acre site in 2023. The buildings span 194,780 and 162,790 square feet and were 80 percent leased at the time of sale to tenants in the automotive parts distribution and recreational facilities sectors. Building features include 32-foot clear heights, as well as a combined 72 dock doors, eight drive-in doors, 10,471 square feet of office space and parking for 252 cars and 111 trailers. Trent Agnew, Charles Strauss, Lance Young and Brooke Petzold of JLL represented the seller, Triten Real Estate Partners, in the transaction. The buyer was a fund backed by Ares Real Estate.

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AcquisitionsIndustrialTexas

CenterPoint Acquires Two Industrial Buildings Totaling 192,318 SF in South Houston

by Taylor Williams

HOUSTON — Chicago-based investment firm CenterPoint Investment Management has acquired two industrial buildings totaling 192,318 square feet in South Houston. The shallow-bay buildings at 11217 Telephone Road were constructed in 2024 and both offer frontage along Beltway 8 and include a 1.3-acre outdoor storage yard. The buildings, which were fully leased at the time of sale, also feature 28-foot clear heights and a combined 52 dock-high doors, four drive-in doors and 318 car parking spaces. The seller and sales price were not disclosed.

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AcquisitionsOfficeTexas

Partners Real Estate Brokers Sale of 114,525 SF Office Building in Northeast Dallas

by Taylor Williams

DALLAS — Partners Real Estate has brokered the sale of a 114,525-square-foot office building in northeast Dallas. According to LoopNet Inc., the seven-story building at 6500 Greenville Ave. was constructed in 1981 and renovated in 2000. Justin Utay and Jeremy Brubaker of Partners represented the undisclosed buyer, which plans to make capital improvement to the building, in the transaction. The seller and sales price were also not disclosed.

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AcquisitionsFloridaRetailSoutheast

JLL Negotiates Sale of 110,780 SF Publix-Anchored Shopping Center in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — JLL has negotiated the sale of Daniels Crossing, a 110,780-square-foot, Publix-anchored shopping center located at 6900 Daniels Parkway in Fort Myers. Publix Super Markets Inc. purchased the recently redeveloped center from the seller, a joint venture between Forge Capital Partners and The Sembler Co. The sales price was not released. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction. Daniels Crossing was fully leased at the time of sale to Publix, Quest Diagnostics, Hope Chest Hospice, Millennium Physicians Group and The UPS Store.

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