Thursday, August 6, 2026
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Acquisitions

AcquisitionsLoansMarylandMultifamilySoutheast

NKF Provides $61.8M Acquisition Loan for Multifamily Community in Suburban Maryland

by Alex Tostado

LAUREL, MD. — Newmark Knight Frank (NKF) has provided a $61.8 million Freddie Mac acquisition loan for Concord Park at Russett, a 315-unit multifamily community in Laurel. Kevin Mignogna and Charlie Haggard of NKF originated the 10-year, interest-only loan at 70 percent loan-to-value. Concord Park was built in 2005 and offers one-, two- and three-bedroom floor plans. Communal amenities include a clubhouse, swimming pool with wading pool, outdoor lounge, business center, fitness center with yoga studio and a game room and media room. The unnamed borrower is a repeat NKF and Freddie Mac sponsor.

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AcquisitionsIndustrialKentuckySelf-StorageSoutheast

Marcus & Millichap Negotiates Sale of 452-Unit Self-Storage Facility in Glasgow, Kentucky

by Alex Tostado

GLASGOW, KY. — Marcus & Millichap has negotiated the sale of Glasgow Self Storage, a 66,075-square-foot, 452-unit self-storage facility in Glasgow. The facility was built in 2010 at 908 Happy Valley Road. Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller and procured the buyer in the transaction. The buyer and seller were both undisclosed limited liability companies. Colby Haugness of Marcus & Millichap, the broker of record, assisted the team in the transaction. The sales price was not disclosed.

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AcquisitionsFloridaIndustrialSoutheast

BRW Floors Sells Industrial Warehouse in Metro Miami for $9.7M

by Alex Tostado

MEDLEY, FLA. — BRW Floors Inc. has sold a 69,834-square-foot industrial warehouse in Medley for $9.7 million. The facility includes 7,000 square feet of office space, 15 dock doors with room to add more, 24-foot ceilings and a 120-foot fenced and secured truck court. The warehouse is located at 12800 N.W. South River Drive, about 15 miles northwest of downtown Miami and next to U.S. Highway 27. Nick Wigoda and Steve Medwin of Newmark Knight Frank represented both the seller and the buyer, Denver-based Black Creek Group, in the transaction.

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AcquisitionsIndustrialWashingtonWestern

BKM Capital Partners Buys 133,595 SF Industrial Portfolio in Metro Seattle for $14.7M

by Amy Works

FEDERAL WAY, WASH. — BKM Capital Partners has purchased Federal Way Industrial Portfolio, a two-property portfolio in Federal Way. A private investor sold the eight-building portfolio for $14.7 million in an off-market transaction. Totaling 133,595 square feet, the properties are located at 34004-34016 Ninth Ave. South, 33623-33799 Ninth Ave. South and 801-815 S. 336th St. At the time of sale, the multi-tenant asset was 75 percent occupied. BKM plans to invest $3 million in capital improvements to renovate and reposition the properties, including the conversion of one building from office to industrial. Max White and Nicholas Ratzke of Nail Walter Co. represented both parties in the transaction.

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AcquisitionsCaliforniaIndustrialWestern

Mid Cal Industrial Properties Directs Purchase of 21.3 Acres of Industrial Land in Tracy, California

by Amy Works

TRACY, CALIF. — Mid Cal Industrial Properties has arranged the acquisition of 21.8 acres of industrial land in Tracy. Bigge Crane & Rigging Co. purchased the land parcel from Shimmick Construction/AECOM as a potential future site for its central valley heavy equipment yard. No date has been set for starting development on the site, which is currently being held for future expansion. Tim Pryor of Mid Cal Industrial Properties represented the seller, while Redwood Property Investors represented the buyer in the deal.

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AcquisitionsNevadaOfficeWestern

Marcus & Millichap Arranges $9.5M Sale of 48,607 SF Office Building in North Las Vegas

by Amy Works

NORTH LAS VEGAS, NEV. — Marcus & Millichap has arranged the sale of City Centre Plaza, an office complex located in North Las Vegas. A California-based limited liability company sold the property to a California-based investor for $9.5 million. Tina Taylor of Marcus & Millichap’s Las Vegas office represented the seller and secured the buyer in the transaction. Located at 2225 and 2241 Civic Center Drive and 2290 McDaniel St., the three-parcel asset features 48,607 square feet of office space. At the time of sale, the office complex was 75 percent occupied by national and statewide tenants, with a large percentage being medical.

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AcquisitionsConnecticutNortheastOfficeRetail

CBRE Arranges $67M Sale of Retail, Office Property in Greenwich, Connecticut

by Alex Patton

GREENWICH, CONN. — CBRE has arranged the $67 million sale of a retail and office property in Greenwich, located about 30 miles north of New York City. The 62,850-square-foot property is located at 200 Greenwich Ave. on a retail corridor that also includes Tiffany, Gucci and Vineyard Vines. Jeffrey Dunne, David Gavin, Jeremy Neuer and Travis Langer of CBRE represented the landlord, 200 Greenwich Avenue LLC, in the transaction, and procured the buyer, Kensico Properties.

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AcquisitionsHospitalityMichiganMidwest

GFI Sells 198-Room Hilton Garden Inn in Downtown Detroit

by Kristin Harlow

DETROIT — GFI Capital Resources Group has sold the Hilton Garden Inn Detroit Downtown, a 198-room hotel. Inland Realty Group purchased the property for $51.4 million. GFI had purchased the 10-story hotel in October 2016 and subsequently implemented a $4 million improvement plan. The hotel site is located within a designated Opportunity Zone and includes a 30,000-square-foot parking surface. Management of the Hilton Garden Inn will be transferred from Crescent to SuperHost Enterprise, which operates 18 properties.

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AcquisitionsIndustrialIowaMidwest

Stan Johnson Co. Brokers $16.9M Sale of Iowa Industrial Portfolio

by Kristin Harlow

IOWA — Stan Johnson Co. has brokered the sale of a four-building industrial portfolio across Iowa for $16.9 million. The properties total nearly 684,000 square feet and are leased to a subsidiary of Magna International Inc. The buildings include 408 and 411 Maplewood Ave. in Williamsburg, 403 S. 8th St. in Montezuma, and 1951 A Ave. in Victor. Rob Gemerchak and Jeff Hughes of Stan Johnson represented the seller, Granite REIT, a Toronto-based publicly traded real estate investment trust. New York-based GMS Equities purchased the portfolio.

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AcquisitionsLeasing ActivityNew JerseyNortheast

NRDC Signs Three New Tenants at Liberty Square Center in Burlington, New Jersey

by Alex Patton

BURLINGTON, N.J. — National Realty & Development Corp. (NRDC) has signed three new retail tenants totaling 58,000 square feet at the Liberty Square Center in Burlington, a city located southwest of Trenton. The shopping center owned by NRDC is anchored by a Walmart, Marshalls and HomeGoods. Planet Fitness will open a 25,000-square-foot location at the property. Ross Dress for Less will move into a 22,000 square-foot portion of a former Toys ‘R’ Us location. Five Below will occupy the remaining 11,000 square feet of the former Toys ‘R’ Us location.

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