Acquisitions

Marcus & Millichap Negotiates $2.9M Sale of Multifamily Property in Paulding, Ohio

by Kristin Harlow October 31, 2025

PAULDING, OHIO — Marcus & Millichap has negotiated the $2.9 million sale of Whispering Pines, a 48-unit multifamily property in Paulding, about 64 miles southwest of Toledo. All but one of the units are two-bedroom floor plans. The property also includes 67 self-storage units. Teddy Kenny, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the seller, Covington Properties LLC, and procured the buyer, Colarusso Properties LLC. The buyer plans to implement professional third-party property management and complete a value-add strategy by renovating unit interiors and improving operations at the property, which was built in 1989.

October 31, 2025

Acquisitions Florida Retail Southeast

Franklin Street Negotiates Sale of 34,460 SF Retail Center in Altamonte Springs, Florida

by Abby Cox October 31, 2025

ALTAMONTE SPRINGS, FLA. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot, unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Last Mile Investments purchased the property from an entity doing business as REC I/Brantley Hall LP for an undisclosed price. Zack McNamara and Tyler Hicks of Franklin Street represented the buyer in the off-market transaction. Additionally, McNamara will also handle leasing efforts at the center on behalf of Last Mile Investments. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.”

October 31, 2025

Acquisitions Development Georgia Mixed-Use Southeast Top Stories

Third & Urban, HighBrook Investors Acquire Corporate Square in Atlanta, Plan $605M Mixed-Use Redevelopment

by Abby Cox October 31, 2025

ATLANTA — A partnership between locally based real estate company Third & Urban and HighBrook Investors has acquired Corporate Square, a 30-acre office park in the Brookhaven area of Atlanta, with plans to redevelop the property into a $605 million mixed-use district. Patterson Real Estate Advisory Group arranged the financing for the acquisition. The project, dubbed Northbend, is moving forward after the partnership received approval to rezone the site as a master-planned development. Third & Urban is currently in the process of securing partnerships for the initial phases of vertical construction. Construction of Northbend, which is situated between Buford Highway and I-85 near the newly opened Children’s Healthcare of Atlanta Arthur M. Blank Hospital, is scheduled to commence in summer 2026. Eight obsolete office buildings will be demolished to allow for new infrastructure and improved road networks. According to the development team, Northbend is expected to generate $8.2 million in annual tax revenue for the city upon completion, while creating more than 400 construction jobs and over 300 permanent jobs. “Northbend will transform an outdated, underutilized office park into a vibrant gathering place for the Brookhaven community and beyond,” says Hank Farmer, partner at Third & Urban. “This redevelopment is a catalyst for …

October 31, 2025

Acquisitions Industrial Southeast Virginia

Crescent Communities Sells 500,000 SF Industrial Property in Metro Richmond to LaSalle

by John Nelson October 30, 2025

COLONIAL HEIGHTS, VA. — Charlotte-based Crescent Communities has sold AXIAL Gateway 95, an industrial property located at 16401 Walthall Industrial Parkway in Colonial Heights, a city near Richmond in Chesterfield County. The property spans more than 500,000 square feet and was fully leased at the time of sale to Hillphoenix, a subsidiary of Dover Food Retail and a leading manufacturer of commercial refrigeration systems. JLL represented Crescent Communities in the sale. LaSalle Investment Management purchased the asset for an undisclosed price. Hillphoenix’s investment at AXIAL Gateway 95 is expected to add more than 320 new jobs to the region. Financial partners for AXIAL Gateway 95 included Kyuden Urban Development America LLC, the U.S. subsidiary of Kyushu Electric Power Co. Inc. (equity) and Santander Bank (lender). The design-build team included DMA Architecture (architect), Timmons Group (civil engineer), KBD Group (general contractor) and JLL (leasing agent and capital markets advisor).

October 30, 2025

Acquisitions Affordable Housing Kentucky Multifamily Southeast

Fairstead Acquires Majority Stake in 503-Unit Affordable Housing Community in Louisville

by John Nelson October 30, 2025

LOUISVILLE, KY. — New York City-based Aaffordable housing developer and operator Fairstead has acquired a general partner interest in City View Park, an affordable housing community in Louisville. Via the partnership, Fairstead will assume the role of owner and property manager. The community includes 72 one-bedroom, 221 two-bedroom, 179 three-bedroom and 31 four-bedroom residences. Of the 503 total units, 468 are supported by Section 8 contracts, and all homes are governed by Low-Income Housing Tax Credit (LIHTC) affordability restrictions, reserved for residents earning no more than 60 percent of the area median income (AMI). City View Park was built in the early 1970s and renovated in 2021. Fairstead owns approximately 26,000 apartments across 28 states.

October 30, 2025

Acquisitions Florida Multifamily Southeast

Eastham Capital, Merion Realty Partners Sell Tallahassee Apartments for $47.5M

by John Nelson October 30, 2025

TALLAHASSEE, FLA. — Eastham Capital has sold The Monroe Apartments, a 288-unit apartment community in Tallahassee, for $47.5 million. The property was acquired in 2019 with a value-add strategy alongside partner Merion Realty Partners as part of a portfolio called Eastham Capital Fund V. The buyer’s identity was not disclosed. The Monroe includes a mix of one-, two- and three-bedroom units ranging in size from 1,095 to 1,695 square feet. Eastham Capital and Merion Realty Partners implemented a repositioning strategy that the owners say enhanced the asset’s profitability. At the time of the sale, The Monroe was approximately 95 percent occupied, with monthly effective rents having increased from $1,133 at the time of acquisition to $1,642 by the time of disposition. The Monroe, located at 2677 Old Bainbridge Road, was the first collaboration between Eastham and Merion Realty Partners.

October 30, 2025

Acquisitions Multifamily Texas

Karlin Real Estate Buys 299-Unit Apartment Building in Uptown Dallas

by Taylor Williams October 30, 2025

DALLAS — Karlin Real Estate has purchased The Brady, a 299-unit apartment building located at 2728 Cedar Springs Road in Uptown Dallas. The property, which according to Apartments.com was built in 2015, offers studio, one-, two- and three-bedroom floor plans and amenities such as a rooftop terrace, pool, fitness center, business center and pet facilities. Patton Jones, Andrew Dickson, Brian O’Boyle Jr. and Brian Murphy of Newmark represented the undisclosed seller in the transaction. Jonathan Firestone, Blake Thompson and Travis Bailey, also with Newmark, arranged acquisition financing on behalf of Karlin, which plans to implement a value-add program.

October 30, 2025

Acquisitions Multifamily Texas

IPA Negotiates Sale of 158-Unit Apartment Complex in North Dallas

by Taylor Williams October 30, 2025

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Midway Row House, a 158-unit apartment complex in North Dallas. Built in 2023, Midway Row House consists of 107 townhomes and 51 flats that have an average unit size of 979 square feet. Amenities include a pool, fitness center, two dog parks, a lakeside jogging path, communal workspaces and three private offices. Drew Kile, Joey Tumminello, Michael Ware and Jack Windham of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

October 30, 2025

Acquisitions Industrial Texas

MAG Capital Partners Buys 37,000 SF Industrial Facility in West Houston

by Taylor Williams October 30, 2025

HOUSTON — MAG Capital Partners has purchased a 37,000-square-foot industrial facility at 1187-1189 Brittmoore Road in West Houston that will serve as the new headquarters for Nessco Group Holdings Ltd., a telecommunications company that serves the energy sector. The two-building facility includes 24-foot clear heights, oversized grade-level doors and office space. Thompson Green of CBRE represented the seller, an undisclosed private investment group, in the transaction. MAG Capital Partners bought Nessco in late 2024.

October 30, 2025

Acquisitions Massachusetts Northeast Retail

Atlantic Capital Partners Negotiates $10M Sale of Metro Boston Retail Center

by Taylor Williams October 30, 2025

WESTBOROUGH, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the $10 million sale of 9 West Plaza, a 35,371-square-foot neighborhood retail center in Westborough, about 30 miles west of Boston. The center is home to tenants such as Dollar Tree, Chipotle Mexican Grill, PetMedic, Jersey Mike’s, FedEx and Smileland Pediatric Dentistry. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital represented the seller in the transaction. Will Kelleher of Kelleher Sadowsky represented the buyer. Both parties requested anonymity.

October 30, 2025

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