Thursday, December 11, 2025
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Acquisitions

AcquisitionsGeorgiaRetailSoutheast

Marcus & Millichap Brokers $5.5M Sale of Retail Center on Kennesaw State University Campus in Georgia

by John Nelson

KENNESAW, GA. — Marcus & Millichap has brokered the sale of University Point, a 12,800-square-foot retail center located on the Kennesaw State University (KSU) campus in northwest Georgia. Located at 1133 Chastain Road NW near I-75, University Point’s tenant roster includes Mellow Mushroom, Jimmy John’s, WingStop, Insomnia Cookies, Tinto’s Café, Vivint Smart Home and the U.S. Marine Corps Recruiting Office. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a private real estate owner based in Atlanta, in the transaction. The buyer was also not disclosed.

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AcquisitionsBuild-to-RentColoradoSingle-Family RentalWestern

McWhinney Acquires Red Hawk Crossings Build-to-Rent Community in Castle Rock, Colorado

by Amy Works

CASTLE ROCK, COLO. — McWhinney has purchased Red Hawk Crossings, a build-to-rent townhome property at the Wolfensberger Road and Prairie Hawk Drive intersection in Castle Rock. Terms of the acquisition were not released. Built in 2015, Red Hawk Crossings features 60 three-bedroom/2.5-bath townhomes with direct-access two-car garages. McWhinney plans to implement a renovation program and operational enhancements. Asset Living will provide property management services for the asset.

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AcquisitionsArizonaOfficeWestern

Cushman & Wakefield Arranges $10M Sale of Hayden Corporate Center in Scottsdale, Arizona

by Amy Works

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the sale of Hayden Corporate Center, a two-story office building located at 8283 N. Hayden Road in Scottsdale. Hayden Corporate Center LLC sold the asset to Revelation RE, with Bret Anderson as principal, for $10 million. The multi-tenant property consists of two wings adjoined by a two-story central lobby. Hayden Corporate Center features floor plates of 27,500 square feet, narrow bay depths and ample window lines. The new ownership plans to renovate the exterior and interior, as well as upgrading several major building systems.

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AcquisitionsArizonaNet LeaseRetailWestern

CBRE Brokers $8.4M Sale of 7-Eleven Ground Lease in Flagstaff, Arizona

by Amy Works

FLAGSTAFF, ARIZ. — CBRE has arranged the ground-lease sale of a single-tenant retail property located at 1010 N. Country Club Drive in Flagstaff. Viking Properties VII LLC, a California-based farming family, acquired the asset for $8.4 million. Ben Farthing and Owen Littrell of CBRE represented the sellers, two Tucson-based private capital investors, in the all-cash transaction. 7-Eleven occupies the property on an absolute triple-net lease with 12 years remaining. The site includes 12 fueling stations, a car wash and a convenience store.

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AcquisitionsMidwestMinnesotaOffice

Pioneer Acquisitions Buys 913,501 SF Office Portfolio in Downtown Minneapolis

by Kristin Harlow

MINNEAPOLIS — Pioneer Acquisitions, a Rye, N.Y.-based real estate investment firm, has purchased two office towers in downtown Minneapolis along with an 870-stall parking ramp. The buildings, 100 Washington and 111 Washington, total 913,501 square feet and are situated in the city’s Gateway District, bridging the central business district and the North Loop. The transaction marks Pioneer’s first investment in the Twin Cities market. Pioneer plans to refresh and modernize existing amenity areas, including the tenant lounge and ground-level terrace at 100 Washington. The firm has engaged Cushman & Wakefield to handle leasing and property management services. The buildings were 80 percent occupied at the time of sale. Ryan Watts of CBRE represented the undisclosed seller.

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AcquisitionsMidwestMissouriMultifamily

Gorrell Hughes Capital Purchases Two Multifamily Communities in Missouri  

by Kristin Harlow

SPRINGFIELD AND OZARK, MO. — Gorrell Hughes Capital has purchased two multifamily communities in the Springfield metro area: Sunset Woodland Apartments in Springfield and Excelsior Gardens Apartments in Ozark. Together, the properties total 281 units. Gorrell Hughes Capital is a private real estate investment firm focused on acquiring, managing and repositioning Class B multifamily assets.

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AcquisitionsMidwestRetailWisconsin

Mid-America Negotiates Sale of 96,323 SF Retail Center in Antigo, Wisconsin

by Kristin Harlow

ANTIGO, WIS. — Mid-America Real Estate Corp. has negotiated the sale of North Town Centre in Antigo, a city in northern Wisconsin. The sales price was $5.2 million. Built in 1988, the 96,323-square-foot retail center is anchored by TJ Maxx, Dunham’s Sports, Dollar Tree and Shoe Sensation. More than 67 percent of the occupied gross leasable area has operated at the center for more than 14 years. Rick Drogosz, Emily Gadomski, Eric Geskermann and Dan Rosenfeld of Mid-America represented the seller, Infinite Equity Capital LLC. The asset was fully leased at the time of sale.

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AcquisitionsMidwestOhioRetail

Marcus & Millichap Brokers Sale of Firestone-Occupied Retail Property in Heath, Ohio

by Kristin Harlow

HEATH, OHIO — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a newly constructed retail property occupied by Firestone in Heath, about 30 miles east of Columbus. Built in 2025, the property features a 15-year, triple-net corporate-guaranteed lease that includes 5 percent rent increases every five years in the initial term. The asset sold at 98 percent of the list price to an all-cash buyer completing a 1031 exchange. The seller was a preferred developer for Firestone. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the transaction. “This Firestone closing highlights the growing presence of higher-price-point 1031 exchange and private buyers in the net-lease market, driven by recent interest rate cuts and increased economic stability. We anticipate the buyer pool to continue to expand into 2026 as conditions improve and more capital re-enters the market,” says McMinn.

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AcquisitionsCompany NewsHawaiiIndustrialOfficeRetailTop StoriesWestern

Joint Venture to Acquire Alexander & Baldwin in $2.3B Deal, Take Hawaiian Company Private

by John Nelson

HONOLULU — A joint venture formed by locally based MW Group Ltd. and funds affiliated with Blackstone Real Estate (NYSE: BX) and DivcoWest has entered into a definite merger agreement with Alexander & Baldwin Inc. (NYSE: ALEX), a Honolulu-based owner-operator of shopping centers and other commercial real estate properties. The deal is valued at $2.3 billion, inclusive of outstanding debt, and would take Alexander & Baldwin private. The joint venture plans to acquire all outstanding shares of Alexander & Baldwin for $21.20 per share in an all-cash transaction. The company’s stock price closed last week at $15.22 per share, giving the acquisition price a nearly 40 percent premium. Alexander & Baldwin is the largest owner of grocery-anchored shopping centers in Hawaii. The firm’s overall portfolio spans approximately 4 million square feet and includes 21 retail centers, 14 industrial assets and four office properties, as well as fee interests in 146 acres of ground lease assets. Upon closing of the deal, which is scheduled for the first quarter of 2026, Alexander & Baldwin will become a privately held company but will retain its Honolulu headquarters and maintain its name and brand. The new investment group has announced it will invest $100 million …

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AcquisitionsBuild-to-RentDevelopmentSingle-Family RentalTexas

LanCarte Commercial Negotiates Sale of 31-Acre Multifamily Development Site in East Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 31-acre multifamily development site in Fort Worth. The site is located at the northeast corner of Beach and East 1st streets on the city’s east side. The seller was not disclosed. The buyer, Phoenix-based developer NexMetro, plans to develop a 315-unit build-to-rent residential project on the site that will feature detached cottage-style homes arranged around landscaped courtyards, walking paths and open green spaces.

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