Tuesday, May 19, 2026
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Acquisitions

AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Brokers $54.6M Sale of Osceola Logistics Center in Kissimmee, Florida

by John Nelson

KISSIMMEE, FLA. — Cushman & Wakefield has brokered the $54.6 million sale of Osceola Logistics Center, an industrial property located at 5010 and 5030 Industrial Lane in Kissimmee. InLight Real Estate Partners and Black Salmon developed and sold the property to Principal Asset Management. Developed earlier this year, the Central Florida facility comprises two distribution facilities totaling 280,800 square feet: Building 200 (147,420 square feet) and Building 100 (133,380 square feet). Osceola Logistics Center was fully leased to a grocery and food service supply chain services company at the time of sale. Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Jared Bonshire and David Perez of Cushman & Wakefield represented the sellers in the transaction.

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AcquisitionsFloridaMultifamilySoutheast

Resia Sells New 390-Unit Apartment Community in Metro Miami

by John Nelson

GOULDS, FLA. — Resia has sold Resia Old Cutler, a 390-unit apartment community located at 22555 S.W. 107th Ave. in Goulds, roughly 30 miles southwest of Miami. Kayne Anderson Real Estate acquired the property — which was completed in 2023 and offers one-, two- and three-bedroom residences — for an undisclosed price. Amenities at Resia Old Cutler include a multipurpose room, fitness center, children’s play area and a swimming pool. Resia will continue to serve as property manager for the community, overseeing day-to-day operations.

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AcquisitionsKentuckyMultifamilySoutheast

Kirkland Co. Arranges Sale of New 216-Unit Reserve at Cool Springs Apartment Community in Elizabethtown, Kentucky

by John Nelson

ELIZABETHTOWN, KY. — The Kirkland Co.  has arranged the sale of The Reserve at Cool Springs, a 216-unit apartment community located in Elizabethtown, roughly 45 miles south of Louisville. Amenities at the property, which features a mix of two- and three-bedroom units, include a clubhouse, swimming pool, fitness center, grilling and outdoor entertainment areas and garage parking. The Reserve at Cool Springs was completed in 2023. Brandon Wilson, Brian Devlin and John Seale of Kirkland Co. brokered the transaction. An entity doing business as The Reserve at Cool Springs Property LLC acquired the community from an entity doing business as Reserve at Cool Springs LLC for an undisclosed price. Monthly rental rates at Reserve at Cool Springs range from $1,275 to $1,975, according to Apartments.com. The Elizabethtown-Fort Knox market in Kentucky has seen a 5.8 percent growth in multifamily rents over the past year, according to Kirkland Co.

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AcquisitionsDevelopmentKansasMidwestMinnesotaSelf-StorageTop Stories

U-Haul Acquires 3,345-Unit Self-Storage Portfolio in Midwest, Plans New 1,150-Unit Project in Twin Cities

by John Nelson

PHOENIX — U-Haul (NYSE:UHAL.B), a national provider of moving and storage services, has acquired a four-property portfolio of self-storage facilities in the Midwest totaling 3,345 units. NexPoint Storage Partners, the self-storage arm of Dallas-based NexPoint, sold the portfolio for an undisclosed price. Three of the facilities are concentrated in the Twin Cities region of Minnesota, and the fourth is located in Kansas City, Kan. The properties include 101 American Blvd. W and 3216 Winnetka Ave N in Minneapolis; 631 Transfer Road in St. Paul, Minn.; and 500 Southwest Blvd. in Kansas City. U-Haul has begun operating the assets under its own brand of self-storage and moving services. Extra Space Storage formerly operated the facilities. The portfolio totals 327,791 net rentable square feet of climate-controlled space. Overall, the portfolio was 88 percent occupied at the time of sale. JLL represented NexPoint Storage Partners in the transaction. In addition to the acquisition, U-Haul is growing its footprint in the Twin Cities area via a new U-Haul Moving & Storage location in Ramsey, located northwest of Minneapolis. The facility represents U-Haul Co. of Northern Minnesota’s first ground-up build. U-Haul acquired the 8.7-acre property at Highway 10 and Riverdale Drive last week. The lot was …

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AcquisitionsIndustrialTexas

NAI Robert Lynn Brokers Sale of 96,000 SF Industrial Flex Building in Metro Dallas

by Taylor Williams

RICHARDSON, TEXAS — NAI Robert Lynn has brokered the sale of Richardson Tech Center, a 96,000-square-foot industrial flex building located on the northeastern outskirts of Dallas. According to LoopNet Inc., Richardson Tech Center is a four-building complex that was constructed in 1987. Jim Hancock of NAI Robert Lynn, along with internal agent Britton Wells, represented the buyer, Los Angeles-based investment firm Entrada Partners, in the transaction. Margaret Hartman and Al Hartman of Hartman Cos. represented the seller, an entity doing business as Hartman Richardson Tech Center LLC.

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AcquisitionsMultifamilySoutheastVirginia

Hamilton Zanze Sells 414-Unit Maple Bay Townhomes in Virginia Beach

by John Nelson

VIRGINIA BEACH, VA. — Hamilton Zanze has sold Maple Bay Townhomes, a 414-unit apartment community located at 356 S. Chesire Court in Virginia Beach. The buyer and sales price were not disclosed. The San Francisco-based seller originally acquired the property in 2019 and improved net operating income by 35 percent due to comprehensive capital improvements made over the course of its ownership. These renovations included roof replacements, the repainting of building exteriors and upgrades to the apartment homes, pool area and other common-area amenities. Maple Bay was built in 1971 and features one-, two- and three-bedroom units sized from 1,000 to 1,400 square feet. The property represents Hamilton Zanze’s third disposition this year.

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AcquisitionsConnecticutIndustrialNortheastSelf-Storage

Marcus & Millichap Brokers Sale of 350-Unit Self-Storage Property in New Hartford, Connecticut

by Taylor Williams

NEW HARTFORD, CONN. — Marcus & Millichap has brokered the sale of All Star Storage, a 350-unit self-storage facility in New Hartford, located west of the state capital. Built on 8.9 acres in 2016 and renovated in 2023, the seven-building property offers a mix of climate- and non-climate-controlled units. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap, in conjunction with Patrick Lemp with Ascendant Valuation Advisors, represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.

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Chandler-Airpark-202-Chandler-AZ
AcquisitionsArizonaIndustrialWestern

US Capital Development Sells 402,487 SF Chandler Airpark 202 Industrial Project in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — US Capital Development, along with an undisclosed joint venture partner, has completed the sale of Chandler Airpark 202, a Class A industrial project in Chandler, to an undisclosed leading global private equity firm. Terms of the transaction were not released. Located at 1640-1700 Northrop Blvd., Chandler Airpark 202 features 402,487 square feet spread across four buildings that were all delivered in 2023. Three of the buildings are 100 percent leased to two tenants, bringing the total project occupancy to 57.3 percent. Current tenants include MEI Rigging and Crafting, occupying buildings A and B, and Wedgewood Pharmacy, occupying building C. Will Strong, Michael Matchett and Molly Hunt of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the seller in the deal. Cushman & Wakefield’s Andy Markham, Mike Haenel and Phil Haenel negotiated the existing leases prior to sale. The team has been retained by the buyer to handle leasing efforts for the property, which has a 172,000-square-foot building available.

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2220-Colorado-Ave-Santa-Monica-CA
AcquisitionsCaliforniaOfficeWestern

Drawbridge Realty Acquires 225,773 SF Headquarters Office Building in Santa Monica

by Amy Works

SANTA MONICA, CALIF. — Drawbridge Realty has purchased 2220 Colorado Avenue, a six-story, Class A office building in Santa Monica, from Clarion Partners for an undisclosed price. Universal Music Group (UMG) fully occupies the 225,773-square-foot building on a long-term, net-lease basis. The Netherlands-based company uses the property as its operational headquarters. 2220 Colorado Avenues has two UMG-operated recording studios, several upscale conference facilities, secure parking with direct elevator access, an onsite food commissary and coffee bar, collaboration areas and outdoor decks. Kevin Shannon, Alex Foshay, Ken White, Rob Hannan, Laura Stumm and Michael Moll of Newmark represented the seller in the transaction.

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AcquisitionsMidwestMinnesotaMultifamily

Marcus & Millichap Brokers $3.6M Sale of Multifamily Property in St. Paul, Minnesota

by Kristin Harlow

ST. PAUL, MINN. — Marcus & Millichap has brokered the $3.6 million sale of Birmingham Heights, a 28-unit multifamily property in St. Paul. Built in 1983, the community is located at 1424 Case Ave. E in the city’s Greater East Side neighborhood. Matt Shide, Evan Miller, Chris Collins, Eric Wagner and Zack Olson of Marcus & Millichap represented the seller, a local owner. The buyer was an out-of-state 1031 exchange investor looking to build its portfolio of apartments throughout Minnesota. Jon Ruzicka, broker of record in Minnesota, assisted in closing the transaction.

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