Tuesday, June 30, 2026
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Acquisitions

Merchants-Walk-Summersville-WV
AcquisitionsRetailSoutheastWest Virginia

Regency Properties Acquires Three Retail Centers in West Virginia

by Amy Works

ELKINS AND SUMMERSVILLE, W.VA. — Regency Properties has purchased three shopping centers in West Virginia for an undisclosed price. The three properties will add a combined total of 319,194 square feet to Regency’s portfolio. The portfolio includes the 145,127-square-foot Merchants Walk, a center in Summersville leased to Dollar Tree, AT&T, Hibbett Sports, Peebles and Anytime Fitness. The other assets include Valley Pointe and The Plantation, both of which are located in Elkins. The 118,379-square-foot Valley Pointe center is leased to Peebles, Mattress Warehouse, GameStop, El Herradura and GNC. The 55,688-square-foot Plantation is leased to Goodwill, Dollar Tree, Anytime Fitness and Cricket Wireless. Based in Evansville, Ind., Regency Properties is a shopping center owner and investor with nearly 70 centers across 19 states. Regency now owns and manages four properties in West Virginia, the fourth being Country Roads Plaza in Hinton.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap’s LeClaire Group Brokers Sale of 516-Unit Self-Storage Facility in Houston

by Taylor Williams

HOUSTON — The LeClaire Group, a division of Marcus & Millichap specializing in self-storage properties, has brokered the sale of Nations Storage, a 516-unit facility located in northwest Houston. The 64,280-square-foot property features climate- and non-climate-controlled space. Dave Knobler and Charles LeClaire of The LeClaire Group represented the seller in the transaction. Other terms of sale were not disclosed.

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WaterWall-Place-Houston
AcquisitionsMultifamilyTexas

HFF Negotiates Sale of 322-Unit Apartment Community in Houston’s Uptown District

by Taylor Williams

HOUSTON — HFF has negotiated the sale of WaterWall Place, a 322-unit multifamily community located in Houston’s Uptown area. Completed in 2014, the property features one- and two-bedroom units and amenities such as a pool, fitness center, coffee bar, outdoor grilling area and private resident lounge. Todd Marix, Chris Curry and Estee Ibanez of HFF represented the seller, Hines, in the transaction. The buyer was multifamily investment and management firm HASTA Capital, which acquired the asset free and clear of existing debt. Matt Kafka and Kelly Layne of HFF arranged an undisclosed amount of fixed-rate acquisition financing for the deal through Barings Real Estate.

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1250-Woodbranch-Houston
AcquisitionsOfficeTexas

Dornin Investment Group Sells Two Adjacent Office Buildings Totaling 164,933 SF in Houston

by Taylor Williams

HOUSTON — Dornin Investment Group (DIG), an asset management firm with offices in California and Nevada, has sold 1250 Woodbranch and 11931 Wickchester, two adjacent office buildings totaling 164,933 square feet in Houston’s Energy Corridor. DIG acquired the Class B properties in 2013 and sold them to two separate, undisclosed investment groups. The new ownership of the Woodbranch building plans to upgrade the property’s common areas. DIG will continue to lease and manage that property as well.

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AcquisitionsIndustrialNew YorkNortheast

CBRE Brokers $54.5M Sale of Flex Facility on Long Island

by David Cohen

MELVILLE, N.Y. — CBRE has brokered the $54.5 million sale of a flex facility in Melville on Long Island. Located at 235 Pinelawn Road, the 48-acre site is the former headquarters, newspaper production and distribution center of Newsday. CBRE represented the seller, Tribune Real Estate Holdings, in the transaction. The buyer was New Jersey-based real estate owner/developer Hartz Mountain, which plans to build an 800,000-square-foot high-bay logistics space on the property.

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AcquisitionsAffordable HousingIllinoisMidwestMultifamily

Avanath Acquires Two Affordable Housing Properties in Metro Chicago for $72.2M

by Kristin Harlow

CHICAGO AND WILLOWBROOK, ILL. — Avanath Capital Management LLC has acquired two affordable housing properties in metro Chicago totaling 668 units for $72.2 million. Avanath’s institutional fund, Avanath Affordable Housing III, was used to acquire the assets. The properties include the 582-unit Hinsdale Lake Terrace in Willowbrook and the 86-unit Drexel Court in Chicago. Avanath plans to upgrade amenity spaces at both properties. Sellers were not disclosed. At the Hinsdale property, 100 percent of the rents are restricted for those earning no more than 60 percent of the area median income. At the Drexel property, resident incomes are restricted per the Illinois Housing Development Authority.

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AcquisitionsMidwestNet LeaseOhioRetail

Boulder Group Brokers $2.8M Sale of Property Net Leased to CVS in Cleveland Heights, Ohio

by Kristin Harlow

CLEVELAND HEIGHTS, OHIO — The Boulder Group has brokered the $2.8 million sale of a single-tenant property net leased to CVS Pharmacy in Cleveland Heights, an inner-ring suburb of Cleveland. The 10,159-square-foot building is located at the intersection of Monticello Boulevard and Noble Road. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based real estate investment company. A West Coast-based real estate partnership purchased the asset. CVS has five years remaining on its lease, which expires in January 2023.

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AcquisitionsNortheastOfficePennsylvania

HFF Negotiates Sale of 299,809 SF Office Building in Suburban Philadelphia

by David Cohen

MALVERN, PA. — HFF has negotiated the sale of a 299,809-square-foot office building in Malvern. The sales price was undisclosed. Located at 1400 Atwater Drive, the five-story property is approximately 30 miles southeast of Philadelphia. Built in 2013, the building is fully leased to Endo Pharmaceuticals as its North American headquarters. HFF represented the seller, Gramercy Property Trust, in the transaction. The buyer was Equus Capital Partners.

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AcquisitionsIndustrialMichiganMidwest

Friedman Arranges Sale of 28,900 SF Industrial Building in Inkster, Michigan

by Kristin Harlow

INKSTER, MICH. — Friedman Real Estate has arranged the sale of a 28,900-square-foot industrial building in Inkster, about 20 miles west of Detroit. The sales price was not disclosed. The property is located at 3000 Middlebelt Road. Phil Konopitski of Friedman represented the buyer, Abdul Saleh. Kodiak Properties was the seller. Tenants were not disclosed.

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AcquisitionsColoradoIndustrialWestern

Newmark Knight Frank Arranges $29M Sale of Office Property in Broomfield, Colorado

by Amy Works

BROOMFIELD, COLO. — Newmark Knight Frank has brokered the sale of an office building located at 370 Interlocken Blvd. in Broomfield. RREF III-P Interlocken LLC sold the property to IPXI Interlocken Investors LLC for $29 million. The property features 150,656 square feet of office space. John Jugl and Paul Donahue of Newmark Knight Frank represented the seller, while CBRE represented the buyer in the deal.

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