GARDEN CITY, N.Y. — Intercontinental Real Estate Corp. has sold a 127,496-square-foot healthcare and retail building in Garden City, located on Long Island. The site spans 2.3 acres at 1300 Franklin Ave., and the building was originally constructed in the 1960s and renovated in 2007. Jose Cruz, Jeremy Neuer and David Leviton of JLL represented Intercontinental in the transaction. The buyer and sales price were not disclosed. The building was 78.5 percent leased at the time of sale.
BRENTWOOD, TENN. — Avison Young has arranged the sale of 110 Westwood Place, a 24,000-square-foot office building located in Brentwood, a southern suburb of Nashville. Brents Herron of Charles Hawkins Co. represented the buyer and future tenant, Civil Constructors, in the transaction. Lisa Maki, Mike Jacobs and Jordan Powell of Avison Young represented the seller, Lawrence Bank. Civil Constructors will relocate its operations from Franklin, Tenn., to occupy the entire two-story building.
LOUISVILLE, KY. — SRS Real Estate Partners has negotiated the sale-leaseback of a newly redeveloped, single-tenant retail property located at 3459 Taylor Blvd. in Louisville, less than a mile from the famous Churchill Downs horse racetrack. Taco Bell occupies the 3,250-square-foot building on a 20-year, triple-net lease. Sarah Shanks and Morgan Zant of SRS Real Estate Partners represented the seller, Southpaw, a Connecticut-based Taco Bell franchisee that redeveloped a vacant quick-service restaurant building that was on the site. The buyer was a California-based private investor. The sales price was not disclosed.
NEW YORK CITY — Newmark has arranged $218 million in financing for the acquisition and office-to-residential conversion of 101 Greenwich Street in downtown Manhattan. Apollo Global Management provided the funds to the borrower, a partnership between Quantum Pacific and MetroLoft Developers. According to the property website, 101 Greenwich Street was originally constructed in the early 20th century and spans 480,000 rentable square feet. Neither a timeline for construction nor information on residential floor plans or amenities was announced, but the New York Business Journal reports that the new complex will have 614 units. Jordan Roeschlaub, Christopher Kramer and Holden Witkoff led the debt placement efforts for Newmark on behalf of ownership. Adam Spies and Adam Doneger, also with Newmark, represented the seller, institutional investment firm BentallGreenOak, in the $105 million sale of the property. According to the deal team, 101 Greenwich Street is a viable office building for residential conversion due to certain design features, such as U-shaped floor plates, extensive window lines, strong natural light and above-average ceiling heights. — Taylor Williams
MIDLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Everett at Ally Village, a 288-unit apartment complex in the West Texas city of Midland. Built in 2021, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, clubhouse, pet park, golf simulator and outdoor grilling and dining stations. Will Balthrope and Drew Garza of IPA brokered the deal. The buyer and seller were not disclosed.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated the sale of a 50,903-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 7400 W. Sam Houston Parkway N was built on 4.2 acres last year and features a 32-foot clear height. Jeffery Arnaud of Oxford Partners represented the buyer, Shahin Enterprises, in the transaction. Conrad Bernard of Boyd Commercial represented the undisclosed seller.
MOUNT OLIVE, N.J. — JLL has brokered the $27.9 million sale of a portfolio of net-leased retail properties totaling 167,532 square feet in Mount Olive, about 45 miles west of New York City. Known as The Gardens Portfolio, the collection spans eight properties across seven pad sites totaling 32,493 square feet and a Lowe’s Home Improvement store that totals 135,039 square feet. Other tenants include Applebee’s, LongHorn Steakhouse, Panera Bread, Wells Fargo, McDonald’s, Wendy’s, Panda Express and Chipotle. Kevin O’Hearn, Jose Cruz and J.B. Bruno of JLL represented the seller, Rivani, in the transaction.
RANCHO PALOS VERDES, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $24.5 million sale of Western Plaza, a 28,190-square-foot neighborhood retail center located in Rancho Palos Verdes. Jeff Lefko of Hanley Investment Group represented the seller, West Hive Capital, in the transaction. Sheila Alimadadian of Marcus & Millichap represented the buyer, Aria Investments. After acquiring Western Plaza in 2024 for $8 million, West Hive Capital completed a full-scale redevelopment of the property. Renovations featured a complete exterior façade modernization, upgraded building systems, parking lot enhancements, an improved tenant mix and the addition of a 4,000-square-foot outdoor dining plaza. Current retailers and restaurants at the center include O’Reilly Auto Parts, The Habit Burger Grill, Urbane Café, Mattress Firm, Pacific Dental, Piccinni Italian, Alibaba Mediterranean, Pure Bean Coffee and Koi Ramen.
MULBERRY, GA. — Essential Growth Properties has acquired Mulberry Village, a 75,200-square-foot shopping center located in Mulberry, approximately 50 miles northeast of Atlanta, for $13.5 million. Built in 2008 on about 17 acres, Mulberry Village is anchored by a newly renovated Publix. Additional tenants at the center, which was 94 percent occupied at the time of sale, include Taco Bell, Maria’s Tex Mex, State Farm, Capital Nails, Spice Wing and Peking Chinese. The property also features four undeveloped outparcels for future use. Jim Hamilton, Brad Buchanan, Andrew Michols and Charlie Merrigan of JLL represented the seller, Watkins Real Estate Group, in the transaction.
RALEIGH, N.C. — FCP has sold The Pointe at Midtown, a 365-unit, garden-style apartment community located at 901 Navaho Drive in Raleigh, near the North Hills mixed-use development in the city’s Midtown district. The Pointe at Midtown offers two- and three-bedroom apartments ranging in size from 858 to 1,190 square feet, according to Apartments.com. Amenities include a swimming pool, basketball court, shaded playground, two clothes care centers and a package locker system. Hunter Barron, Teddy Hobbs, Ryan Gavigan, Ben Bury and Woody Flythe of JLL represented FCP in the transaction. The sales price and buyer were not disclosed.
