Monday, August 3, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsDevelopmentGeorgiaIndustrialSoutheast

Ardent Acquires Three Industrial Buildings in Atlanta’s Armour Yards, Plans Conversion to Loft Office Space

by Alex Tostado

ATLANTA — The Ardent Cos. has acquired three industrial buildings totaling 112,935 square feet within the Armour Yards district in Atlanta. The buyer plans to reposition the space into office loft space. The three buildings are 279 Ottley Drive (49,500 square feet), 221 Armour Drive (47,775 square feet) and 219 Armour Drive (15,660 square feet). The properties are located off Interstates 75 and 85, between Buckhead and Midtown near Sweetwater Brewery. A timeline for the renovations was not disclosed. Michael Anderson of Cresa Global Inc. represented the buyer in the transaction. The seller was DH Pace, parent company of Overhead Door Co. According to Atlanta Business Chronicle, Ardent cquired the buildings for $14.7 million and Overhead Door will vacate the buildings in the fourth quarter of 2019.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaOfficeSoutheast

JLL Arranges $45.2M Sale of Office Complex in Sarasota, Florida

by Alex Tostado

SARASOTA, FLA. — JLL has arranged the $45.2 million sale of Gateway Professional Center, a four-building, 246,941-square-foot office complex in Sarasota. The property is located at 301, 401, 501 and 551 N. Cattlemen Road, five miles east of downtown Sarasota. The complex was 95 percent leased at the time of sale to a mix of tenants including accounting, insurance, engineering and technology companies. Amenities at Gateway Professional Center include a fitness center, conference center and parking for more than 1,150 vehicles. Ike Ojala, Hermen Rodriguez and Matthew McCormack of JLL represented the seller, TerraCap Management LLC, in the transaction. The buyer was Taurus Investment Holdings, a global private equity firm based in Boston.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNorth CarolinaOfficeSoutheast

CBRE Negotiates Sale of 147,141 SF Office Building in Charlotte’s SouthPark District

by Alex Tostado

CHARLOTTE, N.C. — CBRE has negotiated the sale of South Park One Center, a 147,141-square-foot office building in Charlotte’s SouthPark submarket. The building is located at 6060 Piedmont Row Drive S., seven miles south of downtown Charlotte. The property was 97 percent leased at the time of sale, and more than half of the tenants are in the medical industry. Patrick Gildea, Matt Smith, Lee Asher, Chris Bodnar and Grayson Hawkins of CBRE represented the seller, Virginia-based CCP Commercial Real Estate, in the transaction. Chicago-based MBRE Healthcare acquired the building.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Maddox Cos. Sells 53,456 SF Retail Center Near Tampa

by Alex Tostado

SEMINOLE, FLA. — Maddox Cos. has sold Twin Oaks Shopping Center, a 53,456-square-foot retail center in Seminole. The property is located at the corner of U.S. Highway 19-A and Fla. Highway 694, 24 miles southwest of downtown Tampa. Twin Oaks was fully leased at the time of sale to tenants including Crunch Fitness, Davita Dialysis, Optimart, Carepoint Pharmacy and First American Title Co. Maddox Cos. redeveloped the property between 2016 and 2018. John Hotchkiss of Vantix Realty represented the buyer, Japanese Gardens Mobile Estates LLC, in the transaction. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLoansLouisianaMultifamilySoutheast

Cohen Financial Provides $21.9M Acquisition Loan for Multifamily Property in Lafayette, Louisiana

by Alex Tostado

LAFAYETTE, LA. — Cohen Financial has provided a $21.9 million Freddie Mac acquisition loan for La Veranda, a 220-unit multifamily community in Lafayette. The borrower is an affiliate of Waypoint Residential LLC. La Veranda was built in 2016 and offers one-, two- and three-bedroom floor plans. Communal amenities include a swimming pool, fitness center, game room, outdoor fireplace, pet park and a rooftop lounge. The seller was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
19100 Ridgewood Parkway San Antonio
AcquisitionsOfficeTexas

Office Properties Income Trust Sells 618,000 SF Complex in San Antonio

by John Nelson

SAN ANTONIO — Office Properties Income Trust (OPI), a Massachusetts-based REIT, has sold a two-building, 618,000-square-foot office complex located at 19100 Ridgewood Parkway in San Antonio. The property was sold as part of a portfolio of assets in Texas and the Northeast that fetched a sales price of roughly $223 million. OPI will use for the repayment of the remaining balance on the company’s unsecured term loan and to pay down its revolving credit facility. The buyer and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Sundance Inn Health Center New Braunfels
AcquisitionsSeniors HousingTexas

SLIB Arranges $20.5M Sale of Two Skilled Nursing Facilities in Metro San Antonio, Austin

by John Nelson

NEW BRAUNFELS AND ROUND ROCK, TEXAS — Senior Living Investment Brokerage (SLIB) has arranged the $20.5 million sale of two skilled nursing communities near San Antonio and Austin. The facilities are operated by Senior Care Centers, a Dallas-based skilled nursing operator that filed for bankruptcy last year. Both properties were built in 2008 and offer 128 beds. The communities include Sundance Inn Health Center in the San Antonio suburb of New Braunfels and Park Valley Inn Health Center in the Austin suburb of Round Rock. The properties were 75 percent and 64 percent occupied at the time of sale, respectively. Matthew Alley of SLIB handled the transaction on behalf of the locally based seller and the buyer, a New York-based owner-operator of skilled nursing and home hospice services.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

Cushman & Wakefield Arranges Sale of 170,000 SF Industrial Asset in Rockaway, N.J.

by Alex Patton

ROCKAWAY, N.J. — Cushman & Wakefield has arranged the sale of a 170,000-square-foot industrial asset in Rockaway, a city located about 30 miles west of New York City. The six-building complex at 114 Beach St. is 99 percent leased to 17 tenants, including light manufacturing, service and distribution companies. Andrew Schwartz, Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Andrew MacDonald, Jordan Sobel and Stephen Sander of Cushman & Wakefield represented the seller, The Silverman Group, in the transaction. The team also procured the buyer, New York-based investor Davco Group.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestOhio

Plymouth Industrial REIT Acquires Midwest Assets for $68.4M

by Kristin Harlow

CHICAGO, CINCINNATI AND COLUMBUS, OHIO — Plymouth Industrial REIT Inc. has acquired industrial assets in Chicago, Cincinnati and Columbus for $68.4 million in separate transactions totaling approximately 1.8 million square feet. Plymouth purchased a seven-building Class B portfolio totaling just under 1.1 million square feet in Chicago for $32.2 million. The portfolio is 97 percent leased to 15 tenants. Anchor tenants include Ply Gem Building Products, A-Reliable Auto Parts & Wreckers, Pactiv and Aryzta. Plymouth also purchased a six-building light industrial and flex portfolio in Cincinnati and Columbus totaling 591,695 square feet. The Cincinnati properties are 93 percent leased and consist of four buildings, Enterprise Business Center 1 & 2, Cornell Commerce Center and 6918 Fairfield Business Drive. The two Columbus properties, located on Orange Point Drive and Graphics Way, are fully occupied and total 217,289 square feet. Major tenants include Safelite Auto, Pilot Chemical, Modern Office Methods and Ohio National Life Insurance.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOhioRetail

Marcus & Millichap Brokers Sale of 105,313 SF Shopping Center Near Akron, Ohio

by Kristin Harlow

BARBERTON, OHIO — Marcus & Millichap has brokered the sale of Barberton Shopping Center within the Akron metro area for an undisclosed price. Giant Eagle anchors the 105,313-square-foot fully leased shopping center, which is located at the intersection of Robinson Avenue and 5th Street. Giant Eagle occupies 83 percent of the center’s gross leasable area and includes a drive-thru pharmacy, wine and beer selection, bank branch and gas station. Other tenants include Chipotle, Jimmy John’s, Little Caesars, Verizon, Ohio BMV, H&R Block and Best Cuts. Erin Patton, Scott Wiles, Craig Fuller, Joseph French Jr. and C.J. Jackson of Marcus & Millichap marketed the property on behalf of the seller, a New York-based privately held REIT. A Texas-based private company purchased the center.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts