Tuesday, April 7, 2026
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Acquisitions

AcquisitionsFloridaIndustrialSoutheast

State of Florida Acquires 423,000 SF Warehouse in Auburndale for Emergency Response Hub

by John Nelson

AUBURNDALE, FLA. — The State of Florida has purchased a 423,000-square-foot warehouse within Midpoint Florida Logistics Center in Auburndale, a Central Florida city near Lakeland. Dalfen Industrial sold the newly delivered property for an undisclosed price. Florida’s Division of Emergency Management plans to use the facility, situated near I-4, as a hub for the storage and movement of emergency supplies during emergency activation and response throughout the state. Delivered in second-quarter 2023, the warehouse features 36-foot clear heights and 400 trailer parking spaces.

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AcquisitionsOfficeSoutheastVirginia

Finmarc Management Purchases Northern Virginia Office Portfolio for $39.4M

by John Nelson

CENTREVILLE, VA. — Finmarc Management Inc. has purchased Trinity Centre, a four-building office portfolio in Centreville, for $39.4 million. Cushman & Wakefield represented the seller, a joint venture between Spear Street Capital LLC and Partners Group, in the transaction. Bethesda, Md.-based Finmarc was self-represented. The nearly 500,000-square-foot portfolio is located roughly 26 miles west of Washington, D.C., and comprises two 152,000-square-foot buildings and two 93,000-square-foot buildings. Trinity Centre was approximately 71 percent leased at the time of sale to tenants including Parsons Corp., CARFAX, Aerovironment, Microautomation, Specialized Carriers & Rigging Association, Systematic and TriVir.

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AcquisitionsGeorgiaLoansRetailSoutheast

MMCC Arranges $9.1M Acquisition Loan for Shopping Center in Peachtree Corners, Georgia

by John Nelson

PEACHTREE CORNERS, GA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $9.1 million acquisition loan for Spalding Woods, an 84,000-square-foot shopping center located at 4015 Holcomb Bridge Road in Peachtree Corners, a northeast suburb of Atlanta. Garrett Fierstein of MMCC’s Orlando office, along with Simon Grigoryan of Marcus & Millichap’s Jacksonville office, arranged the financing through an out of state credit union on behalf of the borrower, an undisclosed, privately held investor. The 10-year loan was underwritten with a 25-year amortization schedule, 65 percent loan-to-value (LTV) ratio and flexible prepayment options. Spalding Woods’ tenant roster includes Dollar Tree, Peachtree Corners Eye Clinic, KFC/Taco Bell, Dunkin’ and Clean Eatz. Additional spaces are available for build-out, according to MMCC.

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AcquisitionsNortheastPennsylvaniaRetail

Marcus & Millichap Brokers $3.8M Sale of Sheetz Gas Station in Manchester, Pennsylvania

by Taylor Williams

MANCHESTER, PA. — Marcus & Millichap has brokered the $3.8 million sale of a 6,129-square-foot gas station in Manchester, a southern suburb of Harrisburg, that is occupied by fuel station and convenience store operator Sheetz. The newly built facility sits on a 3.3-acre site next to East Manchester Village Centre shopping center. Derrick Dougherty and Nick Geaneotes of Marcus & Millichap represented the seller and procured the buyer, both of which were Pennsylvania-based entities that requested anonymity, in the transaction.

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Bell-Cherry-Hills-Englewood-CO
AcquisitionsColoradoMultifamilyWestern

Bell Partners Divests of 306-Unit Bell Cherry Hills Multifamily Property in Englewood, Colorado

by Amy Works

ENGLEWOOD, COLO. — Bell Partners has completed the disposition of Bell Cherry Hills, an apartment community in Englewood. Terms of the transaction were not released. Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller in the deal. Located at 3650 S. Broadway St., the four-story, two-building property offers 306 studio, one-, two- and three-bedroom apartments. Each unit features granite countertops, Energy Star-rated appliances, energy-saving programmable thermostats and a private balcony or patio. Community amenities include a fitness center, resort-style pool and spa, outdoor kitchen, sky deck, resident lounge, game room, business center, dog park and grooming station, ski and bike repair shop, electric vehicle charging stations and two controlled-access parking garages.

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AcquisitionsIllinoisMidwestMultifamily

JRK Property Holdings Acquires 288-Unit Multifamily Community in Bolingbrook, Illinois

by Kristin Harlow

BOLINGBROOK, ILL. — JRK Property Holdings has acquired Brook on Janes Apartments, a 288-unit multifamily community in the Chicago suburb of Bolingbrook. The purchase price was undisclosed. JRK utilized its JRK Platform 5 Fund, a $1 billion multifamily value-add and core plus fund that targets higher-quality, well-located multifamily investments built after 1990. The fund’s portfolio is comprised of institutional-quality assets with an average year built of 2019 located in Illinois, Florida, Kansas and California. Built by the undisclosed seller in 2017, Brook on Janes rises three stories at 401 Janes Ave. Units come in studio, one-, two- and three-bedroom layouts. Amenities include a pool, clubhouse, fitness club, cookout area and gated dog park. Kevin Girard, Roberto Casas and Matt Lawton of JLL represented the seller. Annie Rice and Brandon Smith of JLL arranged agency acquisition financing with a 10-year, fixed-rate loan.

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425-S-College-Ave-Fort-Collins-CO
AcquisitionsColoradoRetailWestern

Cushman & Wakefield Negotiates $7.3M Sale of Lucky’s-Occupied Grocery Store in Fort Collins, Colorado

by Amy Works

FORT COLLINS, COLO. — Cushman & Wakefield has arranged the sale of a single-tenant retail asset located at 425 S. College Ave. in Fort Collins, about 60 miles north of Denver. McWhinney sold the asset to an undisclosed investor for $7.3 million. Lucky’s Market occupies the 26,602-square-foot property on a long-term lease. The asset was built on 1.7 acres in 1966 and most recently renovated in 2018. During its ownership, McWhinney completed at $3 million renovation, adding bike parking and landscaping elements. Jon Hendrickson, Aaron Johnson, Aki Palmer and Cole VanMeveren of Cushman & Wakefield, along with Peter Pavlakis of Legend Retail Group, represented the seller in the deal.

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AcquisitionsMidwestMultifamilySeniors HousingWisconsin

ESI Brokers Sale of 186-Bed Samaritan Health Center in West Bend, Wisconsin

by Kristin Harlow

WEST BEND, WIS. — Evans Senior Investments (ESI) has brokered the sale of Samaritan Health Center, a county-owned facility in West Bend, about 30 miles north of Milwaukee. The community was originally built in 1969 and renovated in 2009. The property offers three licensed programs: a skilled nursing facility, an assisted community-based residential facility (CBRF) and a supportive living, apartment-style residential care apartment complex (RCAC). Altogether, the center provides 186 beds, including 131 skilled nursing beds, 24 RCAC beds and 31 CBRF beds. According to ESI, Samaritan Health Center was 33 percent occupied at the time of marketing and struggling with negative cash flows. The property also needed substantial renovations. An independent owner-operator purchased the asset for an undisclosed price.

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6221-Rich-Rd-SE-Olympia-WA
AcquisitionsIndustrialWashingtonWestern

Marcus & Millichap Brokers Sale of 63,500 SF Arts Industrial Park in Olympia, Washington

by Amy Works

OLYMPIA, WASH. — Marcus & Millichap has brokered the sale of Arts Industrial Park, an industrial property in Olympia, about midway between the Seattle/Tacoma area and the Pacific Coast. A partnership sold the asset to a value-add syndicator buyer for $4.8 million. Located at 6221 Rich Road SE, Arts Industrial Park features 63,500 square feet of industrial space. The buyer plans to spend $1 million on renovations and improvements to the property. Matthew Herman and RJ Vara of Marcus & Millichap’s Seattle office represented the seller in the transaction.

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AcquisitionsMarylandRetailSoutheast

CRC Sells Centre at Hagerstown Shopping Center in Maryland for $36.3M

by John Nelson

HAGERSTOWN, MD. — Continental Realty Corp. (CRC) has sold Centre at Hagerstown, a shopping center in northern Maryland, for $36.3 million. The buyer was not disclosed. JLL brokered the transaction. Baltimore-based CRC purchased the 292,000-square-foot shopping center in 2019 for $23.5 million and has since sold nine of the center’s 10 freestanding pad sites for a total of $16.1 million. Located at the intersection of I-81 and National Pike at 17850 Garland Groh Blvd., Centre at Hagerstown was roughly 97 percent leased at the time of sale to tenants including Burlington, Crunch Fitness, HomeGoods, Marshalls, PetSmart, Regency Furniture, 2nd & Charles and Party City.

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