Tuesday, September 15, 2026
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Acquisitions

AcquisitionsGeorgiaLoansOfficeSoutheast

Peachtree Group Originates $42M Acquisition Loan for Atlanta Financial Center Office Campus in Buckhead

by John Nelson

ATLANTA — Peachtree Group has originated a $42 million loan for the acquisition and repositioning of Atlanta Financial Center, a 914,774-square-foot office campus in Atlanta’s Buckhead district. The borrower, Miami-based Banyan Street Capital, recently acquired the office campus, which comprises three interconnected towers situated on 13.1 acres atop Ga. Highway 400 with immediate access to a MARTA station. The floating-rate loan carries a 36-month initial term with a 12-month extension option. The loan is backed by completion, interest and carry guarantees from Banyan Street Capital. After being acquired in 2016 by a Sumitomo Corp. affiliate for $222.5 million, Atlanta Financial Center faced tenant departures, softening fundamentals and shifting capital priorities. Banyan Street Capital plans to reposition the campus, starting with the lease-up of the North Tower, which is being supported by capital expenditure reserves and funds for tenant improvements and leasing. The sponsor will also explore larger tenant opportunities and future redevelopment options.

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AcquisitionsRetailSouth CarolinaSoutheast

Matthews Arranges Sale of 106,062 SF Shopping Center in Sumter, South Carolina

by John Nelson

SUMTER, S.C. — Matthews has arranged the sale of Gateway Plaza, a 106,062-square-foot shopping center located at 1342 Broad St. in Sumter, about 44 miles west of Columbia, S.C. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction between the buyer, an entity doing business as Core Peckville LLC, and the seller, an entity doing business as WEG Sumter LLC. The sales price was not released. Renovated in 2020, Gateway Plaza was nearly 90 percent leased at the time of sale to tenants including T.J. Maxx, Ross Dress for Less, Ulta Beauty and Five Below.

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AcquisitionsAlabamaRetailSoutheast

MPT Brokers $5.7M Sale of Publix-Anchored Shopping Center in Gulf Shores, Alabama

by John Nelson

GULF SHORES, ALA. — Locally based Merrill P. Thomas Co. (MPT) has brokered the $5.7 million sale of Paradise Isle Shopping Center, a 47,520-square-foot shopping center located in Gulf Shores. Publix anchors the property, which is situated on 4.6 acres near the Florida border. Other tenants include AutoZone, Resale Heaven, Nail Boutique & Spa and the Gulf Shores Methodist Church. Pratt Thomas of MPT represented the seller, Gulf Shore Methodist Church, in the transaction. Nathan Handmacher of Zarzour Cos. LLC represented the buyer on an internal basis.

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AcquisitionsMidwestOhioRestaurantRetail

Cooper Group Brokers $3.2M Sale of Buffalo Wild Wings-Occupied Restaurant Property in Columbus

by Kristin Harlow

COLUMBUS, OHIO — The Cooper Commercial Investment Group has brokered the $3.2 million sale of a single-tenant restaurant property occupied by Buffalo Wild Wings within the Easton retail corridor in Columbus. Dan Cooper of Cooper Group represented the seller, a private investment group out of West Virginia. The buyer purchased the asset at a cap rate of 5.85 percent, 98 percent of the list price and $413 per square foot. The all-cash transaction closed in approximately 40 days. Buffalo Wild Wings has 10 years remaining on its lease with a rental increase in 2030. The property was renovated in 2020.

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The-Terraces_Dallas
AcquisitionsCompany NewsOfficeTexasTop Stories

City Office REIT Enters Into $1.1B Merger Agreement, Will Go Private

by Hayden Spiess

DALLAS AND VANCOUVER — City Office REIT (NYSE: CIO), a Canadian company focused on the acquisition, ownership and operation of office properties in Sun Belt markets in the United States, has entered into a merger agreement valued at $1.1 billion.  Under the terms of the agreement, MCME Carell Holdings LP and MCME Carell Holdings LLC — collectively a joint venture between South Florida-based firms Elliott Investment Management LP and Morning Calm Management LLC — will acquire all issued and outstanding shares of City Office REIT common stock for $7 per share in cash. The company’s stock price closed on Tuesday, July 23 at $5.56 per share, roughly the same as a year ago. City Office REIT’s current portfolio comprises 54 office buildings totaling roughly 5.4 million square feet of net rentable space in the Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa markets. The company’s U.S. headquarters is located in Dallas.  Terms of the merger agreement include the sale of City Office’s Phoenix portfolio. Upon close, City Office will become a private company and its shares will no longer trade on the New York Stock Exchange.  “After conducting an extensive process to explore potential strategic alternatives, we …

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AcquisitionsMississippiRetailSoutheast

CBL Properties Sells 621,000 SF Promenade Shopping Center in D’Iberville, Mississippi for $83.1M

by John Nelson

D’IBERVILLE, MISS. — CBL Properties, a publicly traded owner and manager of malls and shopping centers, has sold The Promenade, a 621,000-square-foot power shopping center located in D’Iberville, roughly four miles north of Biloxi, Miss. An undisclosed investor purchased the center for $83.1 million. Built in 2009 by CBL Properties, The Promenade is anchored by national retailers including Target, Kohl’s, Best Buy, Dick’s Sporting Goods, Ulta Beauty, PetSmart and Marshall’s. Restaurants at The Promenade include Chick-fil-A, Newk’s Express Café, Buffalo Wild Wings and Olive Garden. According to the Biloxi SunHerald, the Target at The Promenade was the first Target to open in southern Mississippi.

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AcquisitionsGeorgiaRetailSoutheast

Invesco Purchases 317,201 SF Shopping Center in Buford, Georgia for $82M

by John Nelson

BUFORD, GA. — Atlanta-based Invesco Real Estate has acquired Georgia Crossing, a 317,201-square-foot power shopping center located in Buford, roughly 38 miles northeast of Atlanta, for $82 million. Situated across from the 1.7 million-square-foot Mall of Georgia, Georgia Crossing was fully leased to a mix of tenants including T.J. Maxx/HomeGoods, Nordstrom Rack, Best Buy, Hobby Lobby, Staples, Cavender’s Boot City and Ulta Beauty at the time of sale. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL’s Investment Sales and Advisory team represented the seller, Columbus, Ohio-based Washington Prime Group, in the transaction.

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AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 94-Unit Apartment Complex in West Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of Hart House, a 94-unit apartment complex in West Dallas. Built in the early 1960s, Hart House is a newly renovated property that consists of two buildings that house one- and two-bedroom units. Amenities include a pool, courtyards and onsite laundry facilities. Ford Braly and Al Silva of Marcus & Millichap represented the seller, a private out-of-state investor, in the transaction and procured the buyer, a local operator. Both parties requested anonymity

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AcquisitionsHealthcareMarylandOfficeSoutheast

IPA Brokers $27.5M Sale of Medical Office Building in Greenbelt, Maryland

by John Nelson

GREENBELT, MD. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $27.5 million sale of Maryland Trade Center III, a 192,000-square-foot medical office building in Greenbelt, a suburb of Washington, D.C. Robert Filley of IPA, along with Chez Eider of Marcus & Millichap, represented the seller, an entity doing business as Greenbelt Trade Center LLC. The duo also procured the buyer, CPF-HCRE – Greenbelt LLC, an affiliate of Chicago Pacific Founders. Brian Hosey served as Marcus & Millichap’s broker of record in Maryland for the transaction. Completed in 1989, Maryland Trade Center III is situated across from the Greenbelt Center shopping mall and within a half-mile of Luminis Health’s hospital and long-term recovery care center. Luminis Health recently selected the Class A building for its expansion of outpatient services. The property was 75 percent leased at the time of sale to tenants including Luminis Health, Greenbelt Oncology, Absolute Care of Maryland, LabCorp, Community Radiology Associates, Anne Arundel Dermatology and Health First Medical Group. Maryland Trade Center III has been upgraded in recent years with a new lobby and systems upgrades. Amenities include a two-story atrium lobby, tenant-only fitness center and a daycare facility.

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AcquisitionsDistrict of ColumbiaOfficeSoutheast

In-Rel Properties Acquires 130,000 SF Office Building in D.C.

by John Nelson

WASHINGTON, D.C. — In-Rel Properties, a real estate investment and management firm based in Lake Worth Beach, Fla., has purchased a nearly 130,000-square-foot office building located at 2033 K St. NW in Washington, D.C.’s Golden Triangle district. The seller and sales price were not disclosed. In-Rel has tapped Carroll Cavanagh, Dimitri Hajimihalis and Emily Eppolito of CBRE to spearhead the leasing campaign at 2033 K Street. Renovated in 2019, the eight-story office building features a new lobby, fitness facility and conference center. In-Rel plans to install “town hall” speculative suites on the second and third floors to boost occupancy at the office building, which has a block of up to 60,000 square feet of contiguous space available for lease.

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