Acquisitions

Marcus & Millichap Arranges $13.3M Sale of Student Housing Property in Champaign, Illinois

by Kristin Harlow January 9, 2026

CHAMPAIGN, ILL. — Marcus & Millichap has arranged the $13.3 million sale of University Commons, a 100-unit student housing property in Champaign. Located at 209 E. University Ave., the building comprises 95 fully furnished units in a variety of floor plans along with five ground-floor retail spaces. Built in 2018, the 68,309-square-foot property spans 2.7 acres and features amenities such as a gym, recreation center and study room. The asset is situated a few blocks from the University of Illinois campus. Sam McCarthy and Scott Harris of Marcus & Millichap represented the seller and procured the buyer, Illini Rental Properties LLC, which plans to complete modest interior and common area upgrades as well as enhancements to the retail portion.

January 9, 2026

Acquisitions Retail Texas

Sterling Organization Sells 635,325 SF Park North Power Center in San Antonio

by Taylor Williams January 9, 2026

SAN ANTONIO — Sterling Organization has sold Park North Shopping Center, a 635,325-square-foot regional power center in San Antonio. Local media sources, including My San Antonio, report that the purchase price was $115 million. Target anchors the property, which sits on a 45.7-acre site and was 93.3 percent leased at the time of sale. Other tenants include Pinstack, Alamo Drafthouse Cinema, Norris Conference Centers and Outlaw Pickleball. Chris Gerard, Barry Brown, Erin Lazarus and Whitney Snell of JLL represented Sterling in the transaction. The buyer was Dhanani Private Equity Group.

January 9, 2026

Acquisitions Industrial Self-Storage Texas

Versal Arranges Sale of 593-Unit Self-Storage Facility in Cypress, Texas

by Taylor Williams January 9, 2026

CYPRESS, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 593-unit facility in Cypress, located on the northwestern outskirts of Houston, that is operated under the Lone Star Storage brand. The property, which totals 91,150 net rentable square feet, was sold as part of a larger, family-owned portfolio. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Texas-based seller in the transaction. The team also procured the buyer, North Carolina-based Morningstar Properties.

January 9, 2026

Acquisitions Healthcare Texas

Lincoln Property Co., PGIM Buy 129,000 SF Healthcare Property in Metro Houston

by Taylor Williams January 9, 2026

SUGAR LAND, TEXAS — A partnership between Dallas-based Lincoln Property Co. and PGIM Real Estate has purchased Imperial Medical Center, a 129,000-square-foot healthcare property located in the southwestern Houston suburb of Sugar Land. The facility was built in 1994 in proximity to multiple hospital campuses and is home to users such as Memorial Hermann, Alpha Surgical Center and Texas Advanced Imaging. The seller was a partnership between Pinecroft Realty and Harrison Street Asset Management.

January 9, 2026

Acquisitions Industrial Texas

CenterPoint Acquires 103,803 SF Distribution Facility in North Fort Worth

by Taylor Williams January 9, 2026

FORT WORTH, TEXAS — Illinois-based investment firm CenterPoint Properties has acquired a 103,803-square-foot, newly constructed distribution facility in North Fort Worth. The facility sits on an 8-acre site at 15277 Heritage Parkway and features 32-foot clear heights, 27 dock-high doors, a drive-in door and an ESFR sprinkler system, as well as parking for more than 120 cars. CBRE represented the undisclosed seller in the transaction. The facility was fully leased at the time of sale.

January 9, 2026

Acquisitions Industrial Iowa Midwest

Phoenix Investors Acquires 287,025 SF Industrial Facility in Dubuque, Iowa

by Kristin Harlow January 9, 2026

DUBUQUE, IOWA — Phoenix Investors has acquired a 287,025-square-foot industrial facility located at 2150 Kerper Blvd. in Dubuque. The property features 12 docks and a rail spur serviced by Canadian Pacific. According to Phoenix, the facility is ideal for heavy manufacturing or distribution and offers extensive car and trailer parking. Milwaukee-based Phoenix’s portfolio totals approximately 85 million square feet across 27 states.

January 9, 2026

Acquisitions Multifamily New Jersey Northeast

Hudson Atlantic Negotiates $10.8M Sale of Age-Restricted Apartment Complex in Netcong, New Jersey

by Taylor Williams January 9, 2026

NETCONG, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $10.8 million sale of Kings View Apartments, a 38-unit apartment complex located in the Northern New Jersey community of Netcong. Units at the property, which was built in 2002, come in one- and two-bedroom floor plans and are reserved for renters age 55 and above. Amenities include a fitness center and a resident lounge. Adam Zweibel and Dante Fusaro of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

January 9, 2026

Acquisitions Industrial Maryland Southeast Virginia

Newmark Arranges $203M Sale of 1.4 MSF Industrial Portfolio Across Maryland, Virginia

by Abby Cox January 9, 2026

BALTIMORE — Newmark has arranged the sale of a 1.4 million-square-foot Mid-Atlantic micro-bay industrial portfolio for $203 million. The portfolio includes 50 individual buildings and 600 tenants in the Baltimore-Washington corridor and Northern Virginia. Current tenants focus on local and regional distribution, light industrial, service-oriented and last-mile logistics uses. Ben McCarty, Cris Abramson, Nicholas Signor, Henry Pleszkoch and Sam Slater of Newmark arranged the transaction on behalf of an unnamed group of private sellers. Silverman Group was the buyer.

January 9, 2026

Acquisitions Retail South Carolina Southeast

Marcus & Millichap Brokers Sale of New Retail Property in Easley, South Carolina Leased to Firestone

by Abby Cox January 9, 2026

EASLEY, S.C. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built, 5,798-square-foot retail property in Easley, roughly 12 miles west of Greenville. Firestone, a subsidiary of Japanese tire manufacturer Bridgestone, occupies the building on a 15–year, triple-net, corporate-guaranteed lease that features 5 percent rent increases every five years. A preferred developer for Firestone sold the property to a 1031 exchange buyer. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group represented the seller in the transaction, which marks the team’s 21st new-construction Firestone closing, according to McMinn. “This closing highlights the growing presence of higher price point 1031 exchange buyers re-entering the net lease market,” says McMinn. “As this momentum continues into 2026, we anticipate strong demand for Bridgestone assets driven by the investment grade credit, long-term triple-net lease and limited on-market supply.” McMinn adds that the Taylor McMinn Retail Group has more Firestone-occupied retail listings coming to market soon.

January 9, 2026

Acquisitions Retail Texas

Hanley Investment Group Arranges Sale of 92,000 SF Shopping Center in San Angelo, Texas

by Taylor Williams January 8, 2026

SAN ANGELO, TEXAS — Hanley Investment Group Real Estate Advisors has arranged the sale of Sunset Plaza, a 92,000-square-foot shopping center located in the West Texas city of San Angelo. Built in 2005 on 8.4 acres, the center is home to tenants such as Ross Dress for Less, HomeGoods, Petco, Five Below, Bath & Body Works, Buckle and GameStop. Target, which was not part of the sale, has also been a long-term tenant at the property. Garrett Wood, Kevin Fryman and Lee Csenar of Hanley, in association with ParaSell Inc., represented the seller, a California-based private investor, in the transaction. The buyer, a Mexico City-based private investor, represented itself.

January 8, 2026

Newer Posts

Older Posts