Acquisitions

Mesa West Provides $29.7M Acquisition Loan for Apartment Community in Cary, North Carolina

by John Nelson June 9, 2026

CARY, N.C. — Mesa West Capital has provided a $29.7 million acquisition loan for The Ellery of Cary, a 194-unit apartment community located at 100 Hempstead Court in Cary, a suburb of Raleigh. Trevor Brotman, Tricia Linden and Kara Profitt of Walker & Dunlop’s Irvine, Calif., office arranged the five-year, non-recourse loan on behalf of the borrower, McDowell Properties. The seller and sales price were not disclosed. Built in 1988 on nearly 19 acres, The Ellery of Cary offers a mix of one- and two-bedroom floorplans averaging 875 square feet in size. Amenities include a swimming pool with a sundeck, 24-hour fitness center, dog park, outdoor courtyard with fire pits and grills and walking trails with direct access to the Black Creek Greenway.

June 9, 2026

Acquisitions Arizona Development Mixed-Use Office Restaurant Retail Western

Diversified Partners Acquires Site for 100,000 SF Mixed-Use Project in Scottsdale, Arizona

by Amy Works June 9, 2026

SCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment. The project will revitalize a landmark waterfront site in Scottsdale, transforming a long-established location into a destination for dining, retail and gathering spaces. The 100,000-square-foot property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury wellness and lifestyle tenants and Class A office space with waterfront views, as well as a small marina with Duffy boat rentals. Construction is slated to start in third-quarter 2026 with the first phase focused on demolition and development of the restaurant and retail components. The second phase scheduled to begin in early 2027 and focus on the redevelopment of the remaining retail and office portions.

June 9, 2026

Acquisitions California Retail Western

JLL Brokers $31.5M Sale of Grocery-Anchored Neighborhood Center in El Cajon, California

by Amy Works June 9, 2026

EL CAJON, CALIF. — JLL Capital Markets has brokered the $31.5 million sale of The Shops at Parkway Plaza, a grocery-anchored retail center in El Cajon. A private seller sold the asset to a Texas-based family office. Located at 149 Fletcher Parkway, The Shops at Parkway Plaza features 122,484 square feet of retail space. Current tenants include Best Buy, HomeGoods, Aldi, Texas Roadhouse and Applebee’s Grill + Bar. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the seller in the deal.

June 9, 2026

Acquisitions California Net Lease Retail Western

Hanley Investment Group Negotiates $5M Sale of Single-Tenant Retail Property in Clovis, California

by Amy Works June 9, 2026

CLOVIS, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $5 million sale of a 2,047-square-foot, single-tenant retail property located roughly eight miles west of Fresno in Clovis. A 7-Eleven convenience store and fuel station occupies the property, which was originally built in 1991 and renovated in 2019. Jacob Fahner and Jeremy McChesney represented the seller, a Los Angeles–based private investor, in the transaction. Jeffrey Leggio of ASU Commercial represented the buyer, a Bakersfield, California-based 1031 exchange investor.

June 9, 2026

Acquisitions Healthcare Midwest Ohio

Cooper Group Brokers Sale of Single-Tenant Medical Building in Wadsworth, Ohio

by Kristin Harlow June 9, 2026

WADSWORTH, OHIO — The Cooper Commercial Investment Group has brokered the sale of a single-tenant medical building occupied by Cleveland Clinic Urgent Care in Wadsworth near Akron. The property recently received nearly $7 million in upgrades from the Cleveland Clinic to transform the asset into a modern urgent care facility with onsite imaging and lab services. Dan Cooper of Cooper Group represented the seller, a private New York-based investor. The property sold at a 5.6 percent cap rate to another private investor based out of New York in an all-cash transaction.

June 9, 2026

Acquisitions Retail Southeast Virginia

Federal Realty Sells Harris Teeter-Anchored Shopping Center in Falls Church, Virginia for $58M

by Abby Cox June 8, 2026

FALLS CHURCH, VA. — Federal Realty Investment Trust has sold Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller in the $58 million transaction. Chris Knight and Evan Parker, also with JLL, secured a five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include Starbucks Coffee, Bank of America and 7-Eleven, as well as recent additions like Honeygrow, Taco Zocalo and Playful Pack. Originally constructed in 1960 and renovated from 2017 to 2019, Barcroft Plaza was 96 percent occupied at the time of sale.

June 8, 2026

Acquisitions Indiana Midwest Retail

Colliers Brokers Sale of 82,847 SF Avalon Crossing Shopping Center in Indianapolis

by Kristin Harlow June 8, 2026

INDIANAPOLIS — Colliers has brokered the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.

June 8, 2026

Acquisitions Midwest Minnesota Retail

Upland Arranges Sales of Chipotle, Starbucks Properties in Andover, Minnesota

by Kristin Harlow June 8, 2026

ANDOVER, MINN. — Upland Real Estate Group has arranged the sales of newly constructed Chipotle and Starbucks single-tenant net-lease properties within Clocktower Commons in Andover, a northwest suburb of the Twin Cities. Deb Vannelli, Keith Sturm and Amanda Leathers of Upland represented the buyers, which completed 1031 exchanges. Both tenants operate under corporate, long-term leases with drive-thru service. The properties are situated on a 2-acre parcel at the intersection of Hanson and Crosstown boulevards.

June 8, 2026

Acquisitions California Industrial Western

Newmark Negotiates Sale of 11-Building Industrial Portfolio in San Francisco’s East Bay Area

by Amy Works June 8, 2026

DUBLIN, CALIF. — Newmark has arranged the sale of Sierra Trinity, a shallow-bay industrial portfolio located at 6701 Sierra Court in Dublin, located in the San Francisco East Bay area. Terms of the transaction were not released. Sierra Trinity features 11 buildings that were 97 percent leased at the time of sale to nearly 40 tenants across a variety of industries. Steven Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represented the undisclosed seller and buyer in the deal.

June 8, 2026

Acquisitions Affordable Housing California Multifamily Western

HVPG Acquires Affordable Housing Community in Elk Grove, California, for $83.6M

by Amy Works June 8, 2026

ELK GROVE, CALIF. — Hudson Valley Property Group (HVPG) has acquired Mosa Apartment Homes, a 387-unit affordable housing community in Elk Grove, located south of Sacramento, for $83.6 million. Completed in 2025, Mosa is a 14-building, garden-style community offering a mix of unit types serving a broad range of household income levels. The property is structured across three Low-Income Housing Tax Credit (LIHTC) partnerships, each subject to its own regulatory agreement, that cover 100 percent of units, with HVPG acquiring the general partner interests in all three. Approximately 8 percent of units are further supported by tenant-based vouchers, and income restrictions span from 30 to 80 percent of area median income. The acquisition was financed through three Freddie Mac loans originated by Greystone, with tax credit equity provided by Red Stone Equity Partners, and public finance support facilitated by the California Municipal Finance Authority and the City of Elk Grove. Programming, including after-school services and adult education, will be provided by nonprofit partner Pacific Housing.

June 8, 2026

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