REYNOLDSBURG, OHIO — Matthews has arranged the sale of Broad Street Plaza East, a 55,946-square-foot retail center in Reynoldsburg near Columbus. Pierce Mayson, Kyle Stonis, Ben Snyder, Zack Bates and Boris Shilkrot of Matthews represented the seller, Garner Group. Matt Wallace served as broker of record. Positioned in the heart of the East Broad Street retail corridor, the property was 92 percent leased at the time of sale. Ross Dress for Less is the anchor tenant. Garner Group brought the asset to market as part of a capital recycling strategy after strengthening the rent roll through recent leasing activity. The undisclosed buyer plans to lease up the 4,209-square-foot vacancy.
BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the $2.7 million sale of a retail building formerly occupied by Joann in Bloomington. The 21,828-square-foot property is located at 1719 E. Empire St. within Bloomington Commons. Meghan O’Neal-Rogozinski and Mike O’Neal of AXIS 360 represented the buyer, Matt Unkovich, who plans to redevelop the space with an Aqua Tots Swim School. In addition to the swim school, space remains available to lease within the building. Jacob Dell and Sean McCourt of CBRE marketed the property for sale.
THONOTOSASSA, FLA. — Trammell Crow Co. (TCC) has purchased 10 acres of land in Thonotosassa, roughly 14 miles northeast of Tampa. The Dallas-based firm plans to develop a 136,714-square-foot speculative warehouse on the site called New Tampa Commerce Center. Designed by C4 Architecture and constructed by FCL Builders, New Tampa Commerce Center is expected to be delivered in January 2027. The shallow bay warehouse will feature 32-foot clear heights, car parking spaces and immediate access to U.S. Highway 301 and I-75.
MIAMI — Locally based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and S.W. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery store is also expected to open this year at the property.
NEW YORK CITY — Local brokerage firm GFI Realty has arranged the $38 million sale of a commercial development site in Manhattan’s Kips Bay neighborhood. The site is an assemblage of parcels at 563–571 Second Ave. and 247–251 East 31st St., which can collectively support 88,000 square feet of buildable product. The Marchi Family sold the acreage to Empire Development. Leah Balkany and Michael Weiser of GFI Realty brokered the deal.
RENO, NEV. — LDK Ventures has completed the purchase of Reno Distribution Center, an industrial property located at 4910 Longley Lane near the Reno-Tahoe International Airport in Reno. Eric Bennet and Tomi Jo Lynch of CBRE brokered the acquisition. Totaling 300,564 square feet, the asset features four suites, warehouse and storage facilities, dedicated office space and dock-high and ground-level loading doors. The property offers direct access to SR-395 and I-580.
Glencrest Group, Sky Alps Capital Buy 155-Unit Cedar Square Apartment Community in Beaverton, Oregon
BEAVERTON, ORE. — A joint venture between Glencrest Group and Sky Alps Capital has acquired Cedar Square, a garden-style multifamily community at 10480 SW Eastridge St. in Beaverton, from a local owner for $29.8 million. Ira Virden, Carrie Kahn and Owen Wise of JLL Capital Markets represented the seller, while Charles Halladay and Jonah Aelyon of JLL arranged acquisition financing for the buyer. Built in 1980 with additions in 2016 and 2024, Cedar Square offers 155 one-, two- and three-bedroom apartments with patios or balconies. Onsite amenities include a fitness center, playground, laundry facilities, ample parking and abundant green space. The seller completed capital improvements, including repaving and replacing siding, windows, decks and roofs on the majority of the buildings.
DENVER — The Boulder Group has brokered the acquisition of a single-tenant property located at 18300 E. 66th Ave. in Denver. A Colorado-based 1031 exchange investor acquired the asset from a Northeast-based partnership for $5.9 million. Caliber Collision occupies the 16,785-square-foot property, which was built in 2021, on a long-term, triple-net lease. Caliber Collision is the largest repair company in the United States with more than 1,800 locations across 41 states. Zach Wright and Brandon Wright of The Boulder Group represented the buyer in the deal.
JERICHO, N.Y. AND ROSEMONT, ILL. — Esquire Financial Holdings Inc. (NASDAQ: ESQ), the parent company of Esquire Bank, and Signature Bancorporation Inc., the parent company of Rosemont-based Signature Bank, have entered into a definitive agreement pursuant to which Esquire will acquire Signature in an all-stock transaction valued at $348.4 million. The combined company will have approximately $4.8 billion in assets at closing. The deal provides Jericho-based Esquire with a Chicago-area commercial banking franchise. Signature brings longstanding history of commercial and commercial real estate relationship banking in the Chicago market. Esquire is active in the litigation vertical and is looking to expand its presence in the Chicago market. Each of the combined company’s and bank’s board of directors will consist of 11 directors, including nine from Esquire and two from Signature. Signature’s top three executives have entered into new employment agreements and will oversee commercial business development opportunities and operations in the Chicago market. The merger has been approved by the board of directors of each company. The transaction remains subject to regulatory approval, approval of Esquire and Signature shareholders and other customary closing conditions. The transaction is expected to close in the third quarter.
EFFINGHAM, ILL., JOPLIN, MO. AND PADUCAH, KY. — CBRE has arranged the sale of a six-property, 589-room Hilton select-service and extended-stay hotel portfolio located across Illinois, Missouri and Kentucky. Chatham Lodging Trust acquired the portfolio. Nate Sahn and James Foxx of CBRE represented the seller, McHugh Hospitality Group. The properties include Home2 Suites Effingham, Hampton Inn & Suites Effingham, Home2 Suites Joplin, Homewood Suites Joplin, Hampton Inn & Suites Paducah and Homewood Suites Paducah. Several of the assets received recent renovations.