Acquisitions

NAI Miami | Fort Lauderdale Brokers $52.9M Sale of New Industrial Facility in Hialeah, Florida

by John Nelson July 31, 2025

HIALEAH, FLA. — NAI Miami | Fort Lauderdale has brokered the $52.9 million sale of Countyline East Logistics Center, an industrial facility located at 16300 N.W. 97th Ave. in Hialeah, a suburb of Miami. An undisclosed buyer, which plans to fully occupy the 171,178-square-foot property, purchased the asset from the developer, a partnership between East Capital Partners and VLIETCO Enterprises. Countyline East was delivered earlier this year and features a fully secured truck court, approximately 6,000 square feet of office space and 36 clear heights. The design-build team for the facility included Miller Construction, Langan Engineering and Arcadis Architects. Gabriel Garcia-Menocal of NAI Miami | Fort Lauderdale represented the buyer in the transaction, and Devin White, David Albert and Mateo Coman of CBRE represented the seller.

July 31, 2025

Acquisitions Florida Office Southeast

Native Realty Negotiates $5M Sale of Office Building in Fort Lauderdale

by John Nelson July 31, 2025

FORT LAUDERDALE, FLA. — Native Realty has negotiated the $5 million sale of a 7,541-square-foot office building located at 201 SE 12th St. in Fort Lauderdale. The buyer, a locally based law firm doing business in the transaction as BJO of Fort Lauderdale LLC, plans to occupy the property. Jaime Sturgis and Kaley Tuning of Native Realty represented the seller, an entity doing business as Davie Blvd Office LLC, in the off-market transaction. Completed in 2018, the office building features large windows and surface parking options for tenants.

July 31, 2025

Acquisitions Retail Texas

Scarborough Commercial Arranges Sale of 16,250 SF Retail Center in Longview, Texas

by Taylor Williams July 31, 2025

LONGVIEW, TEXAS — Locally based firm Scarborough Commercial Real Estate has arranged the sale of Hawkins Crossing, a 16,250-square-foot retail center located at 3052 N. Eastman Road in the East Texas city of Longview. The center was 93 percent leased at the time of sale to tenants such as Louisiana Cajun Kitchen, Fresh Dental and PURE Nail Salon. Stephanie Taylor of Scarborough Commercial represented the seller and sourced the buyer, both of which requested anonymity, in the transaction.

July 31, 2025

Acquisitions Massachusetts Multifamily Northeast

Marcus & Millichap Brokers $5M Sale of Cambridge Apartment Building

by Taylor Williams July 31, 2025

CAMBRIDGE, MASS. — Marcus & Millichap has brokered the $5 million sale of a nine-unit apartment building in Cambridge, located across the Charles River from Boston. The three-story building at 323-327 Columbia St. was constructed in 1920 and offers two- and three-bedroom units. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the off-market transaction.

July 31, 2025

Acquisitions Midwest Multifamily Wisconsin

Marcus & Millichap Brokers Sale of 90-Unit Apartment Property in De Pere, Wisconsin

by Kristin Harlow July 31, 2025

DE PERE, WIS. — Marcus & Millichap has brokered the sale of Crow’s Nest Apartments, a 90-unit apartment property in De Pere near Green Bay. The sales price was undisclosed. Located along the Fox River and built in 1972, the asset features a mix of studio, one-, two- and three-bedroom units. Amenities include an indoor pool and sauna, resident lounge, updated laundry facilities and 96 underground parking spaces. Blake Hanlon and Mark Peltin of Marcus & Millichap represented the undisclosed seller and procured the buyer, the MLG Legacy Fund. The property was originally home to several Green Bay Packers players given its location across the river from Lambeau Field, according to Hanlon.

July 31, 2025

Acquisitions California Office Western

Investor Partnership Acquires Office Building in Encinitas, California for $11M

by Amy Works July 31, 2025

ENCINITAS, CALIF. — A local, privately based partnership doing business as 605 3rd Street LLC has purchased an office building located at 605 3rd St. in Encinitas from GJS Properties LLC for $11 million. Originally constructed as a bank in the 1960s, the building offers 14,398 square feet of office space. Peter Curry and Owen Curry of Cushman & Wakefield represented the seller, while Conor Brennan of CBRE represented the buyer in the deal.

July 31, 2025

Acquisitions California Multifamily Western

Marcus & Millichap Brokers Sale of 31-Unit Glencrest Apartments in Anaheim

by Amy Works July 31, 2025

ANAHEIM, CALIF. — Marcus & Millichap has arranged the sale of Glencrest Apartments, a multifamily property in Anaheim. A local family sold the asset to a limited liability company for $7.6 million. Glencrest Apartments offers 31 one- and two-bedroom units with vinyl and tile flooring, ceiling fans and private patios or balconies. The gated property features courtyards, a swimming pool, two onsite laundry facilities and garage parking. Drew Holden, Nick Kazemi and Tyler Leeson of Marcus & Millichap represented the seller, while Christian Tait of Marcus & Millichap procured the buyer in the deal.

July 31, 2025

Acquisitions California Net Lease Restaurant Retail Western

SRS Arranges $5.7M Ground Lease Sale of Panera Bread-Leased Property in Montclair, California

by Amy Works July 31, 2025

MONTCLAIR, CALIF. — SRS Real Estate Partners has directed the $5.7 million (or $1,451 per square foot) ground lease sale of a restaurant property located at 5212 Moreno St. in Montclair. Panera Bread occupies the 3,950-square-foot property on a single-tenant net-lease basis. The building, which was built in 2014, is secured by a corporate-guaranteed ground lease with 15 years remaining. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller, a Southern California- and Arizona-based developer. The buyer was a California-based private investor.

July 31, 2025

Acquisitions Content Partner Development Features Industrial Leasing Activity Lee & Associates Loans Midwest Multifamily Northeast Office Retail Southeast Texas Western

Lee & Associates’ Report: Q2 Net Absorption Declines Across All Property Sectors Except Multifamily

by Sarah Daniels July 31, 2025

Lee & Associates’ 2025 Q2 North America Market Report looks back at shrinking (or negative) net absorption for industrial, office and retail sectors in the last quarter. Meanwhile, multifamily tenant demand beat previous expectations in the same three months, as a feared recession failed to materialize. The mix of factors for absorption varied by property type: industrial and office markets saw increases in vacancy, while competition for retail space remained high, even in the face of high-profile closures. Lee & Associates’ full market report is available to read here (plus detailed vacancy rates, cap rates by city, market rents, square footage information, information on Canadian markets and more). The recaps for industrial, office, retail and multifamily sectors below detail trends and outlooks for each property sector in the remainder of 2025. Industrial Overview: Vacancies Rise, Rent Growth Slows Concern over the impact of tariffs has added to slowing tenant growth in logistics and manufacturing across North America. But the continued easing demand has resulted in more choices and benefits for users that have been subjected to a prolonged stretch of steep rent growth. Vacancies in the United States have risen to 7.4 percent, a decade-long high, while deliveries continued to outpace tenant expansion. Net absorption fell …

July 31, 2025

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 23,820 SF Shopping Center in Webster, Texas

by Taylor Williams July 30, 2025

WEBSTER, TEXAS — Marcus & Millichap has brokered the sale of a 23,820-square-foot shopping center located in the southeastern Houston suburb of Webster. Built in 2004, Webster Shopping Center was 94 percent leased at the time of sale to tenants such as Freebirds and Buffalo Wild Wings. Justin Miller of Marcus & Millichap represented the seller, an out-of-state investor that acquired the center 20 years ago, in the transaction. Marcus & Millichap also secured the buyer, a local investor.

July 30, 2025

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