BRISTOL, R.I. — Marcus & Millichap has brokered the sale of a 21,570-square-foot warehouse in Bristol, about 20 miles south of Providence. Built in 1986 and fully renovated in 2023, the building at 66 Tupelo St., which was fully leased at the time of sale, features two overhead doors, a loading dock and 62 surface parking spaces. Harrison Klein and Michael Grant of Marcus & Millichap represented seller, an undisclosed private investor, in the transaction and procured the buyer, Colorado-based Playground Properties.
WICHITA, KAN. — Industrial Realty Group LLC (IRG) and Provider Real Estate Partners LLC (PREP) have acquired Towne West Square Mall, a 650,000-square-foot shopping mall in southwest Wichita. The partnership plans to redevelop the 60-acre property into a multi-tenant campus called Wichita Business Park. “The City of Wichita is thrilled to have new ownership of this property and is excited about the redevelopment plan proposed by IRG and PREP,” says Wichita Mayor Lily Wu. After nearly 44 years in operation, Towne West Square Mall closed its doors officially over the July 4 weekend. The last three businesses to remain operating at the mall include Dillard’s and JC Penney, which were the mall’s original department store anchors, and locally owned and operated Boulevard Theatres, according to local media outlets. IRG and PREP plan on redeveloping the property through a conversion of the former mall and department store space. The team will expand the former mall’s retail and commercial uses to offer modern office, light industrial, advanced manufacturing, research-and-development and flex spaces. In May, Wichita’s Planning Commission and City Council approved a zoning overlay that will help facilitate the redevelopment of Towne West Square Mall. “We are confident in Wichita Business Park’s …
SUWANEE, GA. — Illinois-based Sherman Residential has acquired Skye Suwanee Town Center, a 233-unit apartment community in the northeast Atlanta suburb of Suwanee in Gwinnett County. The seller and sales price were not disclosed. Built in 2020, Skye Suwanee Town Center offers studio, one-, two- and three-bedroom apartments. Amenities include a 24/7 wine cellar, two-story fitness center and a rooftop terrace with a retrofitted Airstream lounge. The property also features retail space on the ground level leased to Thrive Coworking and Warm Waves, a coffee shop. Skye Suwanee Town Center is located at 500 Buford Highway, about one north of the city’s town square and about a quarter-mile south of Suwanee Town Center, a mixed-use district anchored by the 10-acre Town Center Park.
CANTON, GA. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction. The buyer, Aubuchon Realty Co., purchased Woodmont Village for an undisclosed price. The seller was also not released.
Cushman & Wakefield Commercial Advisors Arranges Sale-Leaseback of Two Memphis Industrial Facilities
MEMPHIS, TENN. — Cushman & Wakefield Commercial Advisors has arranged the sale-leaseback of two industrial facilities in Memphis totaling 250,000 square feet. AIC purchased the facilities, located at 2149 Harbor Ave. and 2172 Wharf St., from the tenant, Red Dot Corp. Red Dot designs and manufactures HVAC systems for commercial and military vehicles. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors, along with Frank Maldonado and Dan Johnsen of Cushman & Wakefield, represented Red Dot in the sale and long-term lease of the two facilities. Terms of the transaction were not released.
CORAL SPRINGS, FLA. — Granite REIT has purchased Coral Springs Logistics Center, a 124,500-square-foot industrial property located at 3850-3872 N.W. 126th St. in Coral Springs, a city in South Florida’s Broward County. A joint venture between Barings Real Estate and Arkadia Property Group sold the property to Granite REIT for an undisclosed price. Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL represented the seller in the transaction. Built in 2021, Coral Springs Logistics Center comprises two rear-load buildings that were fully leased at the time of sale to building materials wholesaler Exclusive Trim Inc. and commercial refrigerator manufacturer Marc Refrigeration.
CHARLOTTE, N.C. — Coldwell Banker Commercial Realty has brokered the $3.4 million sale of a 3.4-acre, multifamily-zoned parcel at 5703-5707 N. Tryon St. in Charlotte. The buyer, The Annex Group, plans to develop a 200-unit affordable housing community on the site. Capital partners for the project include City of Charlotte, Bank of America and the North Carolina Housing Financing Authority (NCHFA). The construction timeline was not released. Ryan Pilsy of Coldwell Banker represented the land seller, an entity doing business as Kilbros3 LLC, in the transaction. Annex Group was represented internally by Joy Skidmore and Ryan Clark.
MANTECA, CALIF. — EQT Real Estate’s EQT Exeter Industrial Value Fund VI has purchased a 2 million-square-foot portfolio of logistics facilities in Manteca. The four Class A buildings are located near interstates 5 and 99 and offer immediate access to a major Union Pacific intermodal terminal. The properties are fully leased to four tenants across a diverse set of industries with a weighted average lease term of less than three-and-a-half years. The buildings feature 36-foot clear heights, a mix of cross-dock and single-load configurations, ample trailer and auto parking spaces and truck maneuverability and circulation. Michael Kendall, Michael Goldstein, Gian Bruno and Nick Mascheroni of Colliers advised EQT Real Estate in the transaction.
FREDERICKSON, WASH. — Cushman & Wakefield has negotiated the sale of Building D within FRED310, an industrial park in Frederickson. Terms of the transaction were not released. Built in 2024, the multi-tenant building offers 753,069 square feet of Class A industrial space. Situated on 40.9 acres at 6921 192nd St. East, Building D is fully leased to two tenants. The first phase of FRED310 consists of four buildings (C, D, E and G) totaling 3.3 million square feet. The buildings offer ample dock-high and grade-level loading, 36- to 40-foot clear heights, ample auto/trailer parking and large modern truck courts. At full build-out, the industrial park is expected to expand to as much as 4 million square feet spread across six buildings. Jeff Chiate, Bryce Aberg, Jeffery Cole, Charlie Jacobs and Matthew Leupold of Cushman & Wakefield’s National Industrial Advisory Group — West represented the undisclosed seller in the deal. Scott Alan and Patrick Mullin of Cushman & Wakefield provided market advisory and lead marketing efforts for the project.
SAN MARCOS, CALIF. — Brixton Capital has acquired Civic Center Plaza, located at 125-157 Twin Oaks Valley Road in San Marcos, from the City of San Marcos for an undisclosed price. Developed in 2007 in conjunction with the city, the four-building retail center offers 60,000 square feet of retail space. At the time of sale, the property was 97 percent occupied. Current tenants include LA Fitness, FedEx, Subway, Robek’s, PizzaNova and Ryan Bros Coffee. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the city, while Brixton was self-represented in the transaction.