Monday, May 18, 2026
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Acquisitions

AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Brokers $4.2M Sale of Walgreens-Occupied Property in Machesney Park, Illinois

by Kristin Harlow

MACHESNEY PARK, ILL. — Marcus & Millichap has brokered the $4.2 million sale of a 14,490-square-foot retail property net leased to Walgreens in Machesney Park, just north of Rockford. Constructed in 2008, the building is located at 1680 W. Lane Road. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller, a limited liability company. Steven Weinstock of Marcus & Millichap assisted in closing the transaction. The asset sold to a local buyer completing a 1031 exchange.

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AcquisitionsHospitalityNew YorkNortheast

Muroff Hospitality Group Negotiates Sale of 12-Room Lamplight Inn in Lake Luzerne, New York

by Taylor Williams

LAKE LUZERNE, N.Y. — Locally based brokerage firm Muroff Hospitality Group has negotiated the sale of the Lamplight Inn Bed & Breakfast in Lake Luzerne, about 60 miles north of Albany. The property was built in 1890 and consists of 12 suites, a dining room and an owner’s apartment. Mitch Muroff of Muroff Hospitality Group represented the seller and procured the buyer, both of which were private investors, in the transaction. The sales price was approximately $1.2 million.

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AcquisitionsGeorgiaIndustrialSoutheast

JLL Arranges Sale of 220,380 SF Industrial Property in Stone Mountain, Georgia

by John Nelson

STONE MOUNTAIN, GA. — JLL has arranged the sale of a three-building, 220,380-square-foot industrial property located at 4600-4680 Lewis Road in Stone Mountain, about 21 miles east of Atlanta. Dennis Mitchell, Britton Burdette, Matt Wirth and Jim Freeman of JLL represented the seller, Brennan Investment Group, and procured the buyer, Faropoint. The sales price was not disclosed. The property is located on 9.8 acres about a half-mile south of U.S. Highway 78 and 3.5 miles from I-285. New WinCup Holdings Inc., a manufacturer of foodservice products with more than 60 years in business, is the sole tenant.

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AcquisitionsRetailSoutheastVirginia

Legacy Realty Brokers $3.9M Sale of Retail Center in Waynesboro, Virginia

by John Nelson

WAYNESBORO, VA. — Legacy Realty Group Advisors has brokered the $3.9 million sale of Hopeman Shopping Center, a 46,872-square-foot retail center located in Waynesboro, about 96 miles west of Richmond. Food Lion anchors the property, which was 92 percent leased at the time of sale. Jacob Baruch and Ari Warshaw of Legacy Realty represented both the buyer and seller in the transaction. Both parties requested anonymity.

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AcquisitionsMultifamilyTexas

The Multifamily Group Negotiates Sale of 122-Unit Property in Athens, Texas

by Taylor Williams

ATHENS, TEXAS — Dallas-based brokerage firm The Multifamily Group has negotiated the sale of Athens Reserve Apartments, a 122-unit property located about 75 miles southeast of Dallas. The 11-acre site, which can support future expansion and includes 17,500 square feet of commercial space, initially housed a Quality Inn hotel that was constructed in 1981. The seller, Dallas-based Profectus Multifamily Capital, purchased the site in 2021 and implemented various capital improvements as part of the conversion.

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AcquisitionsMultifamilyNorthmarqTexas

Northmarq Brokers Sale of 88-Unit Apartment Complex in Northeast San Antonio

by Taylor Williams

SAN ANTONIO — Northmarq has brokered the sale of The Flats at 9338, an 88-unit multifamily complex in northeast San Antonio. Built on 3.2 acres in 1974, the property features one- and two-bedroom units with an average unit size of 850 square feet and amenities such as a pool, clubhouse and onsite laundry facilities. Zar Haro, Moses Siller, Bryan VanCura, Phil Grafe, Brian Booth, Rudy Dodier and Kevin Garza of Northmarq represented the seller, Astoria Partners LLC, in the transaction. The buyer was California-based Olson Capital.

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Belmont-St-Portland-OR
AcquisitionsIndustrialOregonSelf-StorageWashingtonWestern

Spartan Investment Group Acquires Three Self-Storage Facilities in Pacific Northwest for $44M

by Amy Works

PORTLAND, ORE., AND VANCOUVER, WASH. — Colorado-based Spartan Investment Group has acquired three self-storage facilities in Oregon and Washington for $44 million. The seller was not disclosed. The 224,299-square-foot portfolio, which is managed by Extra Space Storage, includes: All properties were built within the last seven years and offer ground-level drive-up units, interior heated units with first floor and elevator access, interior non-climate-controlled units and parking spaces.

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AcquisitionsBuild-to-RentMultifamilySingle-Family RentalSoutheastWest Virginia

Berkadia Brokers Sale of Build-to-Rent Residential Community in Martinsburg, West Virginia

by John Nelson

MARTINSBURG, W.VA. — Berkadia has brokered the sale of The Meadows at Berkeley Ridge, a newly constructed build-to-rent (BTR) residential community located at 368 Pineda Lane in Martinsburg. The 148-unit townhome property serves as the first BTR development in the market, according to Berkadia. The Meadows at Berkeley Ridge was built in 2023 and features three-story townhomes with three- and four-bedroom floor plans averaging 1,912 square feet in size. Each unit features private two-car driveways and attached car garages. Brett Moss, Tyler Swidler, Drew White, Carter Wood and Cole Carns of Berkadia brokered the sale. The sales price and seller were not disclosed. Phil Branigan, Miles Drinkwalter and Natalie Revers of Berkadia originated a 10-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer, a joint venture between Virginia-based DSP Real Estate Capital and Virginia-based Rockbridge Investment Group.

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AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Arranges $20.7M Sale of South Florida Industrial Building Leased to The Shade Store

by John Nelson

POMPANO BEACH, FLA. — Cushman & Wakefield has arranged the $20.7 million sale of a 93,873-square-foot industrial facility in Pompano Beach, a city in South Florida’s Broward County. The property is fully leased to The Shade Store, a retailer with 145 showrooms across the country. The tenant utilizes the space for manufacturing window treatments, distribution and housing its logistics department. Link Logistics purchased the industrial facility from Elion Partners. Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Rick Colon of Cushman & Wakefield represented the seller in the transaction. Matthew McAllister, Christopher Thomson, Christopher Metzger and Rick Etner of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process and will represent the buyer in leasing efforts for the facility. The property is located within Gateway Industrial Park at 3141 S.W. 10th St., about 10 miles north of Fort Lauderdale via I-95. The facility, which was originally constructed as a build-to-suit for Bennett Auto Supply in 2001, features 24-foot clear heights, eight dock-high loading positions, two drive-in bays with ramps and an ESFR sprinkler system. The seller and The Shade Store made significant capital improvements to the facility prior to sale.

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AcquisitionsIndustrialNorth CarolinaSoutheast

APG Capital Sells Industrial Building in Wilmington, North Carolina for $11.9M

by John Nelson

WILMINGTON, N.C. — APG Capital has sold a 93,508-square-foot industrial building located at 3881 U.S. Highway 421 N in Wilmington. Fayetteville, N.C.-based Robeson Street Properties LLC purchased the asset for $11.9 million. Ferguson Enterprises, a wholesaler of plumbing and HVAC products, has fully occupied the facility since 2009 and recently signed a lease extension through 2033. The sale also included a five-acre lot 3901 U.S. Highway 421 N, which has the potential for development of a 30,000-square-foot building. Both parcels combined for over 14 acres, including a 2.3-acre lay yard. An affiliate of APG Capital originally acquired the property in 2013 for $5.6 million and has conducted over $2.7 million worth of building renovations during its ownership. Don Hyneman of APG Capital oversaw a 25,000-square-foot expansion of the building in 2023. David Divine and Daniel Walser represented the seller on an internal basis in the transaction, and Coastal Legacy Real Estate represented the buyer.

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