Sunday, June 21, 2026
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Acquisitions

AcquisitionsGeorgiaRetailSoutheast

Prudent Growth Partners Acquires Metro Atlanta Retail Center for $7.3M

by John Nelson

LAWRENCEVILLE, GA. — North Carolina-based Prudent Growth Partners has acquired Sugarloaf Village, a 32,000-square-foot shopping center located in Lawrenceville, for $7.3 million. The seller was not disclosed. Situated approximately 30 miles northeast of downtown Atlanta, the property was originally built in 2008 and features a mix of 17 tenants including lifestyle retailers and service providers such as a nail salon, pet groomer and barber shop. Other nearby retailers include AT&T, Starbucks Coffee, Publix, Target, Marshalls, Aldi, The Home Depot, PetSmart, Hobby Lobby and Panera Bread.

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AcquisitionsCaliforniaIndustrialWestern

Lincoln Property Co., Brasa Capital Acquire Spectrum Tech Center in San Diego for $26.2M

by Amy Works

SAN DIEGO — Lincoln Property Co. and Brasa Capital Management have purchased Spectrum Tech Center, an industrial and flex property in the Kearny Mesa submarket of San Diego, for $26.2 million. The new owners will rebrand the asset as Spectrum Logistics Center and plan renovations designed to align the site with current market demand for industrial space. The existing industrial building will be renovated and the existing vacant office building will be demolished and replaced with a 3.7-acre industrial outdoor storage (IOS) yard. The owners will begin demolition and construction activity on the site immediately, with delivery planned for late summer 2026. Located at 4820 Overland Ave. and 9112 Spectrum Center Blvd., Spectrum Tech Center currently comprises two buildings totaling 161,981 square feet on two parcels totaling 8.8 acres. The asset includes a two-story, 59,460-square-foot corporate headquarters building and a 102,521-square-foot technical R&D, manufacturing and distribution space.

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695-Jerry-St-Castle-Rock-CO
AcquisitionsColoradoMixed-UseRestaurantRetailWestern

Platinum CRE Brokers $6.4M Sale of Mixed-Use Property in Castle Rock, Colorado

by Amy Works

CASTLE ROCK, COLO. — Platinum Commercial Real Estate has arranged the acquisition of 600 and 695 Jerry Street in Castle Rock. PYFR LLC purchased the asset from RA Morrison LLC for $6.4 million. The property comprises a 25,380-square-foot, four-story mixed-use building and a 4,850-square-foot single-tenant restaurant. At the time of sale, the property was 93.7 percent occupied. Paul Cattin of Platinum CRE represented the buyer, while Campbell Davis, Parker Brown and Matthew Henrichs of CBRE represented the seller in the deal.

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6400-Lear-Lane-Prescott-AZ
AcquisitionsArizonaIndustrialNet LeaseWestern

Marcus & Millichap Negotiates Sale of 10,060 SF Net-Leased Warehouse in Prescott, Arizona

by Amy Works

PRESCOTT, ARIZ. — Marcus & Millichap has negotiated the sale of a warehouse and industrial outdoor storage property located at 6400 Lear Lane in Prescott. An individual/personal trust acquired the asset from Arizona Industrial Development for $4.4 million. Constructed in 2025, the asset comprises a 10,060-square-foot warehouse on a 2.9-acre site. The property is leased to a national credit tenant on a new 10-year, absolute net lease with a corporate guarantee. Paul Berkner of Marcus & Millichap represented the buyer, while Sev Keshishian of Marcus & Millichap procured the buyer in the deal.

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AcquisitionsIllinoisMidwestOhioRetail

First Financial Bank to Acquire BankFinancial in $142M Deal

by Kristin Harlow

CINCINNATI AND CHICAGO — First Financial Bancorp. (Nasdaq: FFBC) has agreed to acquire BankFinancial Corp. (Nasdaq: BFIN) in an all-stock transaction valued at approximately $142 million. Upon completion of the transaction, BankFinancial’s consumer, trust/wealth management and selected commercial credit lines of business will be incorporated into First Financial’s respective business lines, and all BankFinancial bank employees will become First Financial associates. The merger agreement has been unanimously approved by the boards of directors of both companies. The deal is expected to close in the fourth quarter, subject to customary closing conditions, regulatory approvals and approval of BankFinancial shareholders. As of June 30, Cincinnati-based First Financial Bancorp. had $18.6 billion in assets, $11.8 billion in loans, $14.4 billion in deposits and $2.6 billion in shareholders’ equity. The company’s subsidiary, First Financial Bank, founded in 1863, provides banking and financial services to businesses and consumers. The company operated 128 full-service banking centers in Ohio, Indiana, Kentucky and Illinois as of June 30. Chicago-based BankFinancial is a commercial lender with 18 full-service banking offices located in Cook, DuPage, Lake and Will counties within Illinois. BankFinancial NA operates as a subsidiary of BankFinancial Corp.

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AcquisitionsMidwestMultifamilySeniors HousingWisconsin

Marcus & Millichap Brokers $9.5M Sale of Skilled Nursing Facility in Merrill, Wisconsin

by Kristin Harlow

MERRILL, WIS. — Marcus & Millichap has brokered the $9.5 million sale of Pine Crest Nursing Home facility in Merrill, a city in central Wisconsin. The 120-bed property is located at 2100 E. 6th St. Operated by North Central Health Care, the facility features 117 units, including 105 private rooms and 15 semi-private rooms. The asset has served the area for nearly 70 years with several phases of construction, including the recent addition of a memory care unit, rehabilitation center and special care units. Ray Giannini of Marcus & Millichap represented the seller and procured the buyer. The property is the only skilled nursing facility in Merrill and was 70 percent occupied at the time of sale, according to Giannini.

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AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 123-Unit Apartment Complex in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Courtyard, a 123-unit apartment complex located in the northeastern Dallas suburb of Garland that was built in 1983. According to Apartments.com, the property offers one- and two-bedroom units and amenities such as a pool, tennis court, business center and outdoor grilling and dining stations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile, and Joey Tumminello of IPA represented the seller, California-based Wedgewood, in the transaction. The buyer was National Asset Services.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Brokers $6.7M Sale of Manhattan Mixed-Use Property

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $6.7 million sale of a mixed-use property in Manhattan’s Chelsea neighborhood. The site at 223 W. 29th St. offers a redevelopment opportunity and is zoned for 20,815 buildable square feet of residential development. Colton Traynham, Matt Fotis and Michael Weinstein of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

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Langdon-Park-on-Arrow-Azusa-CA
AcquisitionsCaliforniaMultifamilyWestern

Langdon Park Capital, Standard Real Estate Buy 84-Unit Multifamily Community in Los Angeles County

by Amy Works

AZUSA, CALIF. — Langdon Park Capital and Standard Real Estate Investments have acquired an apartment property located in Azusa. The 84-unit community will be rebranded as Langdon Park on Arrow and will operate under a long-term affordability structure designed to benefit working families. Situated 25 miles east of downtown Los Angeles, the property features one-, two- and three-bedroom apartments. The new ownership group plans to invest in modest renovations to enhance the resident experience while maintaining affordability and minimizing displacement. The joint venture secured equity financing from The Community Preservation Corp. Financing for the acquisition also included a Fannie Mae loan arranged by Walker & Dunlop. The property will benefit from a Welfare Tax Exemption through the California Municipal Finance Authority, made possible by the active participation of Housing on Merit, a California-based nonprofit serving as the managing general partner.

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14515-14585-Valley-View-Ave-Santa-Fe-Springs-CA
AcquisitionsCaliforniaIndustrialWestern

Voit Negotiates Sale of 210,098 SF Valley View Commerce Center in Santa Fe Springs, California

by Amy Works

SANTA FE SPRINGS, CALIF. — Voit Real Estate Services has negotiated the sale of Valley View Commerce Center at 14515-14585 Valley View Ave. in Santa Fe Springs. A family wealth office sold the asset to Circle Industrial Growth Fund II for an undisclosed price. Built in 1989 on 14.2 acres, the six-building asset offers 210,098 square feet of multi-tenant industrial space. The property features grade-level loading doors and 109 units ranging from 919 square feet to 3,409 square feet. At the time of escrow, the property was 76 percent occupied. Michael Hefner, Robert Socci, Mitch Zehner and Seth Davenport of Voit represented the seller and buyer in the transaction.

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