Sunday, August 17, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Acquisitions

Royal-Crest-Nashua
AcquisitionsMultifamilyNortheastTop Stories

Harbor Group Agrees to Acquire New England Multifamily Portfolio for $740M

by Taylor Williams

NORFOLK, VA. — Harbor Group International (HGI) has entered into an agreement to acquire a portfolio of five multifamily properties totaling 2,719 units that are scattered throughout the New England area. The sales price was $740 million. The seller was Apartment Investment and Management Co., (Aimco), a REIT that sells on the New York Stock Exchange under the ticker “AIV.” All properties in the portfolio were built between 1970 and 1974. Unit interiors are furnished with stainless steel appliances. Amenities across the properties include pools, fitness centers, clubhouses, and community green spaces. HGI plans to implement a value-add program across the portfolio. The Norfolk-based investment company also paid Aimco a $20 million non-refundable deposit as part of the transaction. “The addition of these communities will deepen HGI’s presence within the Boston area, a market exhibiting robust multifamily fundamentals where we already have a strong operating footprint,” says Yisroel Berg, chief investment officer of multifamily at HGI. “With limited new supply in the surrounding areas of each property, we will be well-positioned to leverage our local market knowledge to maintain stable occupancy levels and implement targeted renovations that enhance the resident experience.” As of July 2025, the portfolio was 95.7 percent …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentIndustrialTexas

LanCarte Commercial Negotiates Sale of 100-Acre Industrial Development Site in Weatherford, Texas

by Taylor Williams

WEATHERFORD, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 100-acre industrial development site in Weatherford, a western suburb of Fort Worth. The site is located at the junction of South Main Street and Old Airport Road. The development will feature shallow-bay product that will be marketed for both sale and lease, and the project will also offer build-to-suit opportunities. Darren Cain and Sarah LanCarte of LanCarte represented the seller, Tri-County Electric Cooperative Inc., in the transaction. Mark Boone, also with LanCarte, represented the undisclosed buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilySeniors HousingTexas

Capital Square Acquires 62-Unit Active Adult Community in Fredericksburg, Texas

by Taylor Williams

FREDERICKSBURG, TEXAS — Capital Square has acquired Woodland Cottages, a 62-unit active adult community located in the Central Texas city of Fredericksburg. Woodland Cottages offers 20 one-bedroom and 42 two-bedroom residences that have average sizes of 899 and 1,355 square feet, respectively. Amenities include a pool, fitness center, clubhouse and dedicated resident concierge services. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

COIM USA Acquires 20-Acre Industrial Facility at TexAmericas Center in Texarkana

by Taylor Williams

TEXARKANA, TEXAS — COIM USA, a provider of specialty chemicals, has acquired a 20-acre industrial facility at TexAmericas Center, a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border in Texarkana. Another chemicals manufacturer, Palmer International, sold the rail-served site, which includes a 25,000-square-foot facility in addition to logistics and transload infrastructure. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Disston Plaza
AcquisitionsFloridaRetailSoutheast

Joint Venture Acquires Disston Plaza Shopping Center in St. Petersburg, Florida for $31.4M

by Abby Cox

ST. PETERSBURG, FLA. — A joint venture between AEW Capital Management, Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction.  Publix anchors Disston Plaza, which features a mix of additional tenants including Bealls Outlet, Dollar Tree, Pet Supermarket and The UPS Store. Built in 1954, the center sits on roughly 12 acres. 

Continue Reading
FacebookTwitterLinkedinEmail
5416 Wyoming Ave.
AcquisitionsIndustrialNorth CarolinaSoutheast

APG Buys 80,000 SF Infill Distribution Building in Charlotte

by Abby Cox

CHARLOTTE, N.C. — Atlanta Property Group (APG) has purchased 5416 Wyoming Ave., an 80,000-square-foot infill distribution building in Charlotte. Situated in the Westinghouse industrial submarket, the facility was originally constructed in 1998 and features 18 to 21-foot clear heights, a 150-foot truck court, dock-high doors, full-building HVAC and heavy power. The facility was fully leased at the time of sale and marks APG’s second industrial acquisition in Charlotte. APG plans to invest $150 million of committed funds into existing distribution properties in the Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh and Central Florida markets by the end of 2025.

Continue Reading
FacebookTwitterLinkedinEmail
4909-W-Joshua-Rd-Chandler-AZ
AcquisitionsArizonaMultifamilyWestern

Colliers Arranges $109.5M Sale of Country Brook Apartments in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Colliers has arranged the $109.5 million sale of Country Brook Apartments, a multifamily property in Chandler. Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach of Colliers handled the sales transaction for the undisclosed seller and undisclosed buyer. Luke Donahue and Patrick O’Donnell of Colliers Mortgage coordinated acquisition financing. Located at 4909 W. Joshua Blvd., Country Brook Apartments offers 396 units, averaging 963 square feet, spread across 32 one- and two-story buildings. Community amenities include three resort-style pools, two spas, poolside ramadas, an alfresco kitchen with outdoor TVs, a 24-hour fitness center, 24/7 access package locker and covered parking.

Continue Reading
FacebookTwitterLinkedinEmail
Paradise-Esplanade-Paradise-NV
AcquisitionsNevadaRetailWestern

JLL Negotiates $46.4M Sale of Paradise Esplanade Retail Center Near Las Vegas

by Amy Works

PARADISE, NEV. — JLL Capital Markets has arranged the $46.4 million sale of Paradise Esplanade, a 58,727-square-foot neighborhood shopping center located in Paradise, roughly 11 miles south of the Las Vegas Strip and adjacent to the University of Nevada-Las Vegas. CVS Pharmacy and Ferraro’s Italian Restaurant & Wine Bar anchor the two-building property, which was 89 percent leased at the time of sale. Daniel Tyner and Gleb Lvovich of JLL’s Investment Sales and Advisory team represented the private seller in the transaction. The buyer was a Los Angeles-based private family office.

Continue Reading
FacebookTwitterLinkedinEmail
Charbern-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Kidder Mathews Brokers $35.2M Sale of Three-Property Multifamily Portfolio in Seattle

by Amy Works

SEATTLE — Kidder Mathews has brokered the sale of a three-property apartment portfolio in Seattle. Los Angeles-based Vista Investment Group acquired the asset from long-time private owner John Stephanus for a total of $35.2 million. The portfolio includes: – Charbern Apartments, a 67-unit property located at 1705 Belmont Ave. that sold for $12.3 million. – Stockbridge Apartments, a 76-unit asset at 1330 Boren Ave. that sold for $11.5 million. – Carolina Court Apartments, a 72-unit community at 527 Eastlake Ave. that sold for $11.3 million. Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of Simon | Anderson Multifamily at Kidder Mathews represented the seller and procured the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
2229-2235-E-Magnolia-St-Phoenix-AZ
AcquisitionsCaliforniaIndustrialWestern

Stos Partners Buys 39,351 SF Warehouse in Phoenix, Sells 18,000 SF Industrial Property in San Diego County

by Amy Works

PHOENIX AND POWAY, CALIF. — Stos Partners has completed two industrial transactions in Phoenix and Poway. The firm acquired a 39,351-square-foot freestanding industrial building at 2229-2235 E. Magnolia St. in Phoenix for $5.2 million, or $131 per square foot. Purchased from a private investor in an off-market transaction, the vacant warehouse is situated in the Sky Harbor submarket. The building features a clear height of 24 feet, two dock-high and two grade-level doors. Stos Partners plans to reposition the property through a series of capital improvements, including roof replacement, parking lot resurfacing, HVAC upgrades, new speculative office build-out, exterior and interior painting and drought-tolerant landscaping. Parker Huston of DAUM Commercial represented Stos Partners, while Jerry Hillary of DAUM represented the seller in the deal. Stos Partners also completed the $6.5 million disposition of 12575 Stowe Drive in Poway. The firm acquired the 18,000-square-foot property in 2020 for $3.6 million and executed its business plan ahead of schedule. The asset includes a large, secured yard, 26 percent floor-area ratio, a clear height of 20 feet, four grade-level doors and two stories of office space. Tim Clepper of San Diego Commercial represented Stos Partners, while Josh West of Voit Real Estate represented the …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts