Acquisitions

Phillips Edison & Co. Buys 46,406 SF Shops at Plaza West Covina in California

by Amy Works March 5, 2026

WEST COVINA, CALIF. — Phillips Edison & Co. has acquired Shops at Plaza West Covina, a retail property located at 310 S. California Ave. in West Covina, from an undisclosed seller for $25.8 million. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL Capital Markets represented the seller in the deal. At the time of sale, the 46,406-square-foot property was 88 percent occupied. Current tenants include Bank of America, Jamba, Urbane Café, SchoolsFirst Federal Credit Union, California Fish Grill, Gen Korean BBQ House and other specialty retailers.

March 5, 2026

Acquisitions Development Mixed-Use New York Northeast

JLL Negotiates $53M Sale of Mixed-Use Development Site in Lower Manhattan

by Taylor Williams March 5, 2026

NEW YORK CITY — JLL has negotiated the $53 million sale of a mixed-use development site in Lower Manhattan’s Financial District. The site at 75–83 Nassau St. offers approximately 275,000 square feet of permitted zoning floor area, including 225,000 square feet of residential space that could yield as many as 265 units. Andrew Scandalios, Ethan Stanton, Jonathan Hageman and Michael Mazzara of JLL represented the seller, New York-based investment firm Lexin Capital, in the transaction. The buyer, a partnership between Fulltime Management and Montgomery Street Partners, plans to develop a residential building with ground-floor retail and second-floor commercial space.

March 5, 2026

Acquisitions Illinois Midwest Retail

JLL Brokers Sale of Overlook at Oakbrook Retail Center in Metro Chicago for $44M

by Kristin Harlow March 5, 2026

OAK BROOK, ILL. — JLL Capital Markets has brokered the $44 million sale of Overlook at Oakbrook, an unanchored retail strip center in Oak Brook that was constructed in 2023 and is located across from Oakbrook Center shopping mall. The property totals 52,876 square feet across seven buildings. The asset is 94 percent occupied by 13 tenants, including Lazy Dog Restaurant and Bar, Panera Bread, Veterinary Emergency Group and Guidepost Montessori. The property features 80 percent national tenancy with no single tenant representing more than 20 percent of income. Michael Nieder, Brian Page and Alex Sharrin of JLL represented the seller, MetLife Investment Management, and procured the buyer, a real estate fund advised by Crow Holdings Capital.

March 5, 2026

Acquisitions Midwest Missouri Multifamily Student Housing

Core Spaces Acquires 972-Bed Student Housing Community Near University of Missouri

by Kristin Harlow March 5, 2026

COLUMBIA, MO. — Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community near the University of Missouri in Columbia. Preiss and a real estate fund advised by Crow Holdings Capital sold the 318-unit property. Located at 3600 Aspen Heights Parkway, The Collective at Columbia offers a mix of two- to four-bedroom floor plans, all in cottage-style layouts. Amenities include a pool, clubhouse, fitness center, sand volleyball court, basketball court, dedicated study lounges and a private shuttle providing direct access to campus. The property is currently fully occupied. The acquisition marks Chicago-based Core’s first investment in Columbia.

March 5, 2026

Acquisitions Industrial Massachusetts Northeast Office

Premier Fence Acquires 25.8-Acre Industrial Facility in Middleborough, Massachusetts

by Taylor Williams March 5, 2026

MIDDLEBOROUGH, MASS. — Premier Fence, a provider of fencing and outdoor home goods, has acquired a 25.8-acre industrial facility in Middleborough, located south of Boston. The property at 370 Wareham St. features four approximately 20,000-square-foot buildings. Two buildings will house uses such as manufacturing, warehousing of raw materials, storage of finished goods and office, showroom and employee training space. Premier Fence will market the other two buildings for lease. The company expects to open its new facility this spring. MassDevelopment provided $11.7 million in bond financing, some of which is tax-exempt, for the purchase and build-out of the facility. Cambridge Savings Bank purchased the bond.

March 5, 2026

Acquisitions Life Sciences Massachusetts Northeast Office

Cummings Buys 330,000 SF Vacant Office, Life Sciences Complex in Bedford, Massachusetts

by Taylor Williams March 5, 2026

BEDFORD, MASS. — Locally based investment firm Cummings Properties has purchased a 330,000-square-foot vacant office and life sciences facility in Bedford, located northwest of Boston. Developed in 2001 and known as Bedford Woods, the two-building facility sits on a 56-acre site at 174-176 Middlesex Turnpike; 35 of those acres remain undeveloped. Cummings acquired the property, which last sold for more than $93 million in 2012 to Texas-based Orion REIT LP, via auction.

March 5, 2026

Acquisitions Industrial Northeast Southeast Top Stories

Mapletree Sells East Coast Industrial Portfolio to EQT for $575M

by Hayden Spiess March 5, 2026

NEW YORK CITY AND RADNOR, PA. — Mapletree, a global real estate development, investment, capital and property management company, has completed the sale of an industrial portfolio located along the East Coast for $575 million. EQT Real Estate, an industrial owner-operator based in Radnor, was the buyer. Totaling 4.4 million square feet, the logistics portfolio comprises 25 warehouse properties located in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C. Of the assets, 24 were held under Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end private fund established in 2019. MUSEL launched with $4.3 billion in assets under management. The additional property included in the portfolio was held under the Mapletree US Logistics Private Trust (MUSLOG), a closed-end private fund launched in 2021 with a portfolio of 155 logistics properties totaling $3.3 billion in value. “This divestment reflects the successful execution of our closed-end fund strategy and illustrates the strength of our U.S. industrial platform,” says Richard Prokup, CEO, U.S., at Mapletree. “Looking ahead, we remain confident in the logistics sector’s long-term fundamentals as we advance new development opportunities nationwide to grow our pipeline.” Last year, Mapletree sold another portfolio to EQT for $242 million. …

March 5, 2026

Acquisitions Retail Texas

Headwall Investments Buys 34,128 SF Shopping Center in Northwest Houston

by Taylor Williams March 4, 2026

HOUSTON — San Antonio-based Headwall Investments has purchased a 34,128-square-foot shopping center in northwest Houston. Known as Louetta Retail Center after the neighborhood of the same name, the center was built in 2006 and is home to tenants such as Chrysolite Aesthetics, DR Brassell Eyecare, GN Hearing, Houston Retina, Danny Chirla, Dogtopia and Medella. Matt Maglothin of Altrue Capital brokered the deal. The seller and sales price were not disclosed.

March 4, 2026

Acquisitions Multifamily New York Northeast

JLL Arranges $129M Sale of Multifamily Building in Manhattan’s Hudson Yards District

by Taylor Williams March 4, 2026

NEW YORK CITY — JLL has arranged the $129 million sale of Henry Hall, a 33-story multifamily building located at 515 W. 38th St. in Manhattan’s Hudson Yards district. Completed in 2017, Henry Hall houses 225 units in studio, one- and two-bedroom floor plans, in addition to 12,500 square feet of ground-floor retail space. Amenities include a fitness center, landscaped terrace and a “jam room” with professional music recording equipment. Jeffrey Julien, Rob Hinckley, Steven Binswanger, Steven Rutman and Devon Warren of JLL represented the seller, a joint venture between Shorenstein Investment Advisers and Dreamscape Cos., in the transaction. Geoff Goldstein and Christopher Pratt, also with JLL, arranged a $71 million acquisition loan for the deal through U.S. Bank on behalf of the buyer, Amstar Group.

March 4, 2026

SilverLake-Apartments-Belleville-New-Jersey

Acquisitions Loans Multifamily New Jersey Northeast

SYM Investments Buys Apartment Complex in Belleville, New Jersey for $80M

by Taylor Williams March 4, 2026

BELLEVILLE, N.J. — Connecticut-based SYM Investments has purchased SilverLake Apartments, a 232-unit multifamily complex in Belleville, about 10 miles west of New York City, for $80 million. Completed in early 2022, SilverLake Apartments consists of two five-story buildings that feature studio, one- and two-bedroom floor plans. Amenities include a fitness center, dog park, game room, entertainment lounge with a kitchen, rooftop terrace, business center and package lockers, as well as 17,024 square feet of commercial space that is fully leased. Mike Oliver, Steve Simonelli, Jose Cruz, Elizabeth DeVesty and Austin Pierce of JLL represented the seller, Baltimore-based developer Klein Enterprises, in the transaction. Michael Klein, Thomas Didio Jr., Gerard Quinn and Joseph Gruber, also with JLL, originated a $56 million Freddie Mac acquisition loan on behalf of SYM Investments.

March 4, 2026

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