Sunday, July 13, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

AcquisitionsFloridaMultifamilySoutheast

ZOM Living Sells Azola South Tampa Multifamily Community for $64.3M

by John Nelson

TAMPA, FLA. — Multifamily developer ZOM Living has sold Azola South Tampa, a community located at 7701 Interbay Blvd. in Tampa. Miami-based multifamily investment firm Momentum Real Estate Partners acquired the property for $64.3 million. Situated on nine acres, the community comprises 214 apartments and townhomes. Amenities at the property include a 6,000-square-foot clubhouse with a lounge, coworking areas, kitchenette, game room and fitness center, as well as a swimming pool and a pavilion with seating and a summer kitchen and grilling area.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaIndustrialSoutheast

JLL Negotiates Sale of 647,496 SF Industrial Building Near Savannah Leased to Town & Country Living

by John Nelson

MIDWAY, GA. — JLL has negotiated the sale of Building D at Tradeport East, a 647,496-square-foot industrial facility in Midway, roughly 35 miles outside Savannah. Home textiles producer Town & Country Living fully occupies the facility, which was built in 2022. BlueScope Properties Group sold the building to SkyREM for an undisclosed price. Britton Burdette, Dennis Mitchell, Sean Devaney and Jim Freeman of JLL represented the seller in the transaction. Located at 313 Tradeport East Blvd., the property features a cross-dock configuration with 190-foot truck courts, 36-foot clear heights, 60-foot speed bays, ESFR sprinklers, LED lights, 2,822 square feet of office space, 144 dock-high doors, four drive-in doors and parking for 177 trucks and 327 cars.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailSoutheastTennessee

TSCG Brokers Sale of 98,466 SF Retail Center in Metro Memphis

by John Nelson

CORDOVA, TENN. — The Shopping Center Group (TSCG) has brokered the sale of Market at Cordova Shopping Center, a 98,466-square-foot retail center located at 1800 N. Germantown Parkway in Cordova, roughly 20 miles east of Memphis. N&L Holdings acquired the property for an undisclosed price. John Reed and Hurston Reed of TSCG represented the undisclosed sellers in the transaction, and Jon Isbell of TSCG represented N&L Holdings. Anchor tenant The Life Church will vacate the center, opening up space that the new owner plans to populate with an Asian supermarket, food hall and a community gathering spot dubbed Grand Super Market, which will occupy the 55,000-square-foot anchor space.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNorth CarolinaSoutheast

Goodegg Investments Acquires 250-Unit Crowne Club Apartments in Winston-Salem, North Carolina

by John Nelson

WINSTON-SALEM, N.C. — Goodegg Investments has acquired Crowne Club Apartments, a 250-unit multifamily community located in Winston-Salem. Built in 1995, the property is situated near the Atrium Health Wake Forest Baptist Medical Center. The buyer purchased the property through its Goodegg Wealth Fund II and Goodegg Growth Fund III. “Our investors love strong value-add assets like this one,” says Julie Lam, CEO of Goodegg. The seller and sales price were not disclosed. According to Apartments.com, Crowne Club features one-, two- and three-bedroom apartments ranging in size from 850 to 1,400 square feet. Amenities include a swimming pool, fitness center, playground and a clubhouse.

Continue Reading
FacebookTwitterLinkedinEmail
Cooper-I-20-Building-C-Arlington
AcquisitionsIndustrialTexas

Cushman & Wakefield Arranges Sale of 401,115 SF Industrial Building in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Cushman & Wakefield has arranged the sale of Cooper I-20 Building C, a 401,115-square-foot industrial facility in Arlington. Completed in 2020, the building features 36-foot clear heights, 92 loading doors, four storefronts with dedicated parking and 46 trailer storage spaces. Jim Carpenter, Jud Clements, Robby Rieke, Trevor Berry, Madeleine Supplee, David Eseke and Mark Collins of Cushman & Wakefield represented the seller, Barings, in the transaction. John Alascio, T.J. Sullivan and Meredith Donovan, also with Cushman & Wakefield, arranged acquisition financing on behalf of the undisclosed buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 120-Unit Serena Vista Apartments in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Serena Vista, a 120-unit apartment complex in Arlington. Built in 1980, the property offers studio, one-, two- and three-bedroom units and amenities such as a pool, fitness center, clubhouse and a dog park. Nick Fluellen, Bard Hoover and Chris Pearson of Marcus & Millichap represented the seller, an undisclosed private investment group, in the transaction and procured the buyer, Green Mountain Properties LLC.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMissouriMultifamily

Hamilton Zanze Acquires 222-Unit Crossroads Westside Apartment Complex in Downtown Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Hamilton Zanze has acquired Crossroads Westside, a 222-unit apartment complex in downtown Kansas City. The purchase price was undisclosed. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property. Crossroads Westside was built in 2018 and features one- and two-bedroom units ranging in size from 614 to 1,252 square feet. Amenities include a saltwater pool, dog spa, fitness center, sundeck, private art garden, business center, coworking spaces, fire pit and entertainment lounge. The property is situated within the historic Crossroads Art District. The transaction marks Hamilton Zanze’s fourth acquisition in 2024.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndianaIndustrialMidwest

Northmarq Arranges $40.7M Sale of 401,474 SF Industrial Property in Bedford, Indiana

by Kristin Harlow

BEDFORD, IND. — Northmarq has arranged the $40.7 million sale of a 401,474-square-foot industrial property in Bedford, a city in southern Indiana. The single-tenant asset is net leased to Science Applications International Corp. (SAIC) and is situated on 74 acres at 3120 16th St. SAIC has occupied the property since 2009 and has expanded its footprint on seven separate occasions, including a new 16,000-square-foot build-to-suit. SAIC is a provider of technical, engineering and enterprise information technology services primarily to the U.S. government. Colin Couch, Jason Powell, Brian Ritchie and Tyler McCain of Northmarq represented the undisclosed seller. The buyer was an institutional investor.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Colliers Brokers Sale of Two Retail Strip Centers in Metro Chicago

by Kristin Harlow

MOKENA AND WOODRIDGE, ILL. — Colliers has brokered the sale of two retail strip centers in metro Chicago. The first property totals 16,482 square feet and is located in Mokena. Five of the tenants have been onsite since 2015, while the sixth has occupied space since 2003 when the property was developed. The second asset in Woodridge is anchored by a food mart and service-oriented tenants. Peter Block and Rachel Patten of Colliers represented the seller, Armco Properties. The buyer, a private investor, purchased the properties at close to asking price, which was $6.8 million.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

Essex Realty Group Negotiates $2.3M Sale of Multifamily Portfolio in Chicago

by Kristin Harlow

CHICAGO — Essex Realty Group has negotiated the sale of a four-building, 38-unit multifamily portfolio in Chicago’s Austin neighborhood for $2.3 million. Robert Berman, Michael Anguiano, Daniel Shabsin, Jeremy DeMarco and Joe Kahlhammer of Essex represented the long-term, local seller. A local investor purchased the properties with plans to update units. The assets are located at 44 N. Mason Ave., 60 N. Mason Ave., 112 N. Mason Ave. and 150 N. Mayfield Ave.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts