Wednesday, June 17, 2026
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Acquisitions

MacDonald Manor
AcquisitionsAffordable HousingDevelopmentSoutheastVirginia

Fairstead Acquires 152-Unit Affordable Housing Community in Chesapeake, Virginia, Plans $26M Rehabilitation

by Abby Cox

CHESAPEAKE, VA. — Fairstead has acquired MacDonald Manor, a 152-unit affordable housing community in Chesapeake, with plans for a $26 million rehabilitation of the property. In partnership with Chesapeake Redevelopment and Housing Authority (CRHA), Virginia Housing and Hudson Housing Capital, Fairstead will finance the acquisition and rehabilitation of MacDonald Manor through a federal program that combines elements of HUD’s Rental Assistance Demonstration (RAD) and Section 18 programs to ensure reinvestment in the community, while preserving affordability for residents. Originally built in 1972, MacDonald Manor features three one-bedroom units, 114 two-bedroom units and 35 three-bedroom units that are reserved for residents earning 60 percent or less of the area median income (AMI). Renovations are set to commence this fall, with completion scheduled for fall 2027. Interior renovations will include modern lighting and plumbing fixtures, stainless steel appliances and new flooring and paint. Exterior improvements will consist of fresh landscaping, the repair of building facades and upgraded roofs and windows. Enhancements will also be made to the leasing office, maintenance and community buildings, mailboxes and the basketball court, as well as with the addition of a new playground. Fairstead recently announced the $10 million revitalization of another public housing community in Chesapeake: the …

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Fountain-Park-Apts-San-Jose-CA
AcquisitionsCaliforniaMultifamilyWestern

Sack Capital Partners, Belveron Partners Buy 164-Unit Multifamily Property in San Jose, California

by Amy Works

SAN JOSE, CALIF. — A joint venture between Sack Capital Partners and Belveron Partners has acquired Fountain Park, an apartment community in San Jose. Terms of the transaction were not released. Located at 1026 S. De Anza Blvd., Fountain Park offers 164 studio, one- and two-bedroom units. Community amenities include a clubhouse, barbecue area, resort-style swimming pool with spa hot tub, sauna, covered parking with electric vehicle charging and a dog park. The new owners have a long-term commitment to convert a portion of the apartments into affordable housing. Sack will provide property management services for the asset.

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1414-S-Alameda-St-Compton-CA
AcquisitionsCaliforniaIndustrialWestern

FallTech Purchases 6,432 SF Industrial Property in Compton, California

by Amy Works

COMPTON, CALIF. — FallTech has purchased an industrial building located at 1414 S. Alameda St. in Compton from Accurate Glass & Mirror Corp. for $1.5 million. Situated on a 9,269-square-foot site, the 6,432-square-foot property features one ground-level door and a clear height of 14 feet. FallTech, which makes fall protection, will use the property to expand its operations. Scott Anderson of The Klabin Co. represented the seller, while Matt Stringfellow of The Klabin Co. represented the buyer in the transaction.

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Bensalem-Crossings
AcquisitionsNew JerseyNortheastPennsylvaniaRetail

Hanley Investment Group Arranges $12.5M Sale of Metro Philadelphia Shopping Center

by Taylor Williams

BENSALEM, PA. — Hanley Investment Group Real Estate Advisors has arranged the $12.5 million sale of Bensalem Crossings, a 67,215-square-foot shopping center located roughly 19 miles north of Philadelphia. Bensalem Crossings was fully leased at the time of sale, with ShopRite and CVS occupying 93 percent of the space. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley, in association with ParaSell Inc., represented the seller, Adler Realty Investments Inc., in the transaction. The team also procured the buyer, an undisclosed, Southern California-based private investor.

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AcquisitionsIndustrialNew YorkNortheast

MAG Capital Partners Buys 104,220 SF Industrial Facility in Peekskill, New York

by Taylor Williams

PEEKSKILL, N.Y. — MAG Capital Partners has purchased a two-building, 104,220-square-foot industrial facility in Peekskill, about 50 miles north of Manhattan, in a sale-leaseback. The site spans approximately 6 acres along the Hudson River and houses the headquarters operations of White Plains Linen, which in 2019 expanded its services to include e-commerce fulfillment of similar products. STREAM Capital Partners’ Daniel Macks, Jonathan Wolfe and Joe DiGennaro represented the seller in the transaction.

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AcquisitionsMultifamilyNew HampshireNortheast

Colliers Brokers $3.4M Sale of Multifamily Portfolio in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — Colliers has brokered the $3.4 million sale of a portfolio of three multifamily buildings totaling 21 apartments in Manchester, located near the Massachusetts-New Hampshire border. The portfolio offers one-, two- and three-bedroom units, as well as one commercial space, and was fully occupied at the time of sale. Andrew Robbins of Colliers represented the seller, Select Capital LLC, in the transaction and procured the buyer, White Barn Real Estate LLC.

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AcquisitionsIllinoisMidwestMultifamily

Eastham Capital Sells Central Park Apartments in Metro Chicago for $23.2M

by Kristin Harlow

FOREST PARK, ILL. — Eastham Capital has sold Central Park Apartments in Park Forest, a southern suburb of Chicago, for $23.2 million. Eastham acquired the 220-unit property for the portfolio of Eastham Capital Fund V LP in partnership with Bender Cos. in September 2019. At the time, Central Park Apartments marked the second collaboration between Eastham and Bender. To date, the companies have co-invested in 10 properties. Over the six-year hold period, ownership completed exterior renovations to Central Park Apartments, including parking lot resurfacing, sidewalk repairs and patio concrete upgrades. The property averaged more than 97 percent occupancy during the ownership period. The community at 11 Fir St. features a mix of one-bedroom units as well as two- and three-bedroom townhomes ranging from 724 to 1,326 square feet.

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AcquisitionsIndianaMidwestRetail

Marcus & Millichap Arranges $3.8M Sale of Auto Repair Center in Greenwood, Indiana

by Kristin Harlow

GREENWOOD, IND. — Marcus & Millichap has arranged the $3.8 million sale of an auto repair center occupied by Caliber Collision in Greenwood. The property totals 33,511 square feet and is located at 155 Melody Ave. Caliber Collision occupies the asset under a double-net lease with more than three years remaining on the lease. Mitch Grant, Nicholas Kanich and Josh Caruana of Marcus & Millichap represented the Indiana-based seller. Dominic Sulo, Ryan Engle and Andrean Angelov of Marcus & Millichap procured the Illinois-based buyer.

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Market-Street-Distribution-Center-Garland-Texas
AcquisitionsIndustrialTexas

BKM Capital Partners Buys DFW Industrial Portfolio for $60.3M

by Taylor Williams

DALLAS, ARLINGTON AND GARLAND, TEXAS — California-based investment firm BKM Capital Partners has purchased a portfolio of three industrial properties totaling 512,310 square feet across seven buildings in the Dallas-Fort Worth (DFW) metroplex. The properties include the 34,325-square-foot Northgate 22 in Dallas, a 42,506-square-foot facility at 501 106th St. in Arlington and Market Street Distribution Center, a five-building, 435,479-square-foot park in Garland. BKM Capital, which plans to implement capital improvements, purchased the portfolio for $60.3 million from Boston-based TA Realty.

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Lake-City-Distribution-Center
AcquisitionsGeorgiaIndustrialSoutheast

JLL Negotiates $30M Sale of Lake City Distribution Center in Metro Atlanta

by Abby Cox

LAKE CITY, GA. — JLL Capital Markets has negotiated the $30 million sale of Lake City Distribution Center, a 157,371-square-foot industrial facility located at 5380 Dixie Industrial Drive in Lake City, about 11 miles south of downtown Atlanta. Britton Burdette, Dennis Mitchell, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the seller, InLight Real Estate Partners, in the transaction. Situated within Atlanta’s Airport submarket, Lake City Distribution Center was constructed in 2023 and features 32-foot clear heights, concrete tilt-wall construction, a rear-load configuration with 42 dock-high doors and two ramped drive-in doors. The property also offers 46 trailer parking spaces and 133 car parking spaces, along with 185-foot truck courts to accommodate large distribution operations. Maersk, a Danish shipping and logistics company, occupies roughly two-thirds of the building, while DB Schenker, a logistics and transportation provider, occupies the rest of the property.

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