HOPE MILLS, N.C. — Atlantic Capital Partners has brokered the sale of Hope Mills Crossing, a 53,204-square-foot shopping center located in Hope Mills, roughly five miles south of Fayetteville. The property sold for more than $7 million, according to Atlantic Capital. David Hoppe, Eric Suffoletto, Jordan Gomez, Mike Lucier, Ben Olmstead and Kendra Doherty of Atlantic Capital represented the undisclosed seller in the transaction. The buyer requested anonymity. Recently renovated in 2025, Hope Mills Crossing is anchored by a newly opened Planet Fitness. Additional tenants at the center include a mix of medical, financial, government and service-oriented retail businesses. The property was 95 percent leased at the time of sale.
Acquisitions
FORT WORTH, TEXAS — A joint venture between Alliance Industrial Co. and institutional investment firm BGO has acquired Northwest Commerce Park Building 2, a 266,152-square-foot building in Fort Worth. The single-story building, which fronts State Highway 114, was constructed in 2020 and features a front-load configuration, 36-foot clear heights, 51 dock-high doors, two drive-in doors and parking for 135 cars and 46 trailers. The joint venture acquired the property in an off-market transaction. The seller and sales price were not disclosed.
NEW YORK CITY — Tishman Speyer has sold 148 Lafayette Street, a 12-story office building in Manhattan’s SoHo neighborhood, for $132.5 million. The 153,000-square-foot building was constructed in 1913 and renovated in 2017. A the time of sale, the office space was fully leased to companies such as venture capital firm General Catalyst, cosmetics firm Charlotte Tilbury and AI code review platform Graphite. The building’s retail space is also fully leased to boxing gym Five Points Academy and clothing store 260 Sample. Adam Spies and Avery Silverstein of Newmark represented Tishman Speyer, which acquired the building in June 2025 for $105.5 million, in the transaction. The buyer was San Francisco-based Shorenstein Investment Advisers.
MEDFORD, MASS. — Marcus & Millichap has brokered the $5 million sale of a 19,278-square-foot industrial complex in Medford, a northern suburb of Boston. The property at 93 Mystic Ave. was built in the 1950s and comprises a 14,278-square-foot main building and a 5,000-square-foot auxiliary building. Mattias Edenkrans and Luigi Lessa of Marcus & Millichap represented the seller, a limited liability company, in the transaction, and procured the buyer, a private family. Both parties requested anonymity.
MIDLOTHIAN, VA. — Newmark has arranged the $108 million sale of Bainbridge Midlothian, a 310-unit, Class A apartment community located at 12400 Dutton Road in Midlothian, a suburb of Richmond in Chesterfield County. Frontier Group of Cos. acquired the property from a joint venture between The Bainbridge Cos. and BVT National Partners. Bainbridge Midlothian represents Frontier’s first multifamily acquisition in Virginia. Garrison Gore, Charles Wentworth and Victoria Pickett of Newmark represented the seller in the transaction. Frontier has retained Bainbridge Cos. to manage the property. Built in 2024 on 25.8 acres, Bainbridge Midlothian features a mix of studio, one-, two- and three-bedroom apartments averaging 1,017 square feet in size. Amenities include a resort-style saltwater swimming pool, 24-hour fitness center, clubhouse, coworking spaces, pickleball court, dog park and private wooded walking trails.
AUBURN, WASH. — Scannell Properties has acquired a 7.5-acre site in Auburn for the development of a speculative industrial building. Terms of the transaction were not released. The planned 185,000-square-foot building will feature a clear height of 36 feet, 31 trailer stalls and 23 dock doors with drive-in capacity. Site work on the land is underway, with vertical construction slated to begin in spring 2027. The speculative building is Scannell Properties’ second project in the greater Seattle area, bringing the company to an investment volume exceeding $300 million and nearly 2 million square feet of development in the Pacific Northwest, including Oregon and Idaho.
NORTH CHARLESTON, S.C. — Atlanta-based SK Investment Group and locally based Weaver Capital Partners have acquired a two-building office portfolio in North Charleston for $21 million. The seller was not disclosed. The properties, Rivergate I and II, span 116,409 square feet and are located at 4975 and 4995 Lacross Road, adjacent to the $1.2 billion Roper St. Francis Healthcare campus project that is set to open in 2029. Rivergate I and II were 93 percent occupied at the time of sale.
LA PALMA, CALIF. — CBRE has brokered the sale of an office building located at 20 Centerpointe Drive in La Palma. A local private investor acquired the property from an institutional seller for $14.3 million, or $255 per square foot. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Jackson Marlow of CBRE represented the seller in the deal. Built in 1988 on 3.5 acres, the single-story property features 56,175 square feet of office space and 194 parking spaces. At the time of sale, the building was 84 percent leased. Current tenants include Convergint Technologies, ISEC Inc. and Telecare Corp.
Cushman & Wakefield | Commercial Advisors Brokers $11.1M Sale of Metro Memphis Retail Center
by John Nelson
BARTLETT, TENN. — Cushman & Wakefield | Commercial Advisors has brokered the sale of Wolf Run Plaza, a 70,659-square-foot retail center located in Bartlett, approximately 15 miles northeast of downtown Memphis. The Memphis Business Journal reports the purchase price was $11.1 million. The property was 94 percent leased to nine tenants at the time of sale, including Guitar Center, Gould’s Academy, Burn Boot Camp, TCBY and Pump It Up. Brian Califf of NAI Saig Co. represented the buyer, Gregory Realty GP, led by local investor Hulet Gregory. Landon Williams and Ryan Thomas of Cushman & Wakefield | Commercial Advisors represented the sellers, Kosten Alan L and Susan M Kosten Living Trust and Judy Rosenblum Revocable Trust, in the transaction.
Hanley Investment Group, Summit Real Estate Arrange $12.7M Sale of Fullerton Court Retail Center in California
by Amy Works
FULLERTON, CALIF. — Hanley Investment Group Real Estate Advisors and Summit Real Estate (RE) have brokered the sale of Fullerton Court, a two-story retail center adjacent to Fullerton College in Fullerton. A Newport Beach, Calif.-based private partnership sold the asset to a Los Angeles-based, private 1031 exchange investor for $12.7 million. Sean Cox and Kevin Fryman of Hanley, in association with Scott Hook of Summit RE, represented the seller, while the buyer was self-represented in the deal. Located at 444 N. Harbor Blvd., Fullerton Court was originally built in 1982 and expanded in 2004 to its current 20,309-square-foot footprint. At the time of sale, the property was fully occupied by multiple tenants, including FedEx Office, which has operated at the property for more than 25 years and extended its lease for additional 10 years, and Pixiu Mala Hongtang, which recently executed a new 10-year lease.