Tuesday, May 19, 2026
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Acquisitions

AcquisitionsDevelopmentGeorgiaMixed-UseSoutheast

Toro Development Acquires Land Site in Johns Creek, Georgia for Medley Mixed-Use Project

by John Nelson

JOHNS CREEK, GA. — Toro Development Co., a development firm founded by former North American Properties executive Mark Toro, has acquired a land site in the northern Atlanta suburb of Johns Creek for its upcoming Medley mixed-use development. Toro acquired the 43-acre site, which is located at the intersection of Johns Creek Parkway and McGinnis Ferry Road, for $44 million. Currently the site features a four-story office building, a demolished site of another office building and surface parking. Plans for Medley call for 200,000 square feet of retail, restaurant and entertainment space; 900 luxury residences, featuring a mix of townhomes and apartments; 110,000 square feet of office space; and a central green space. Committed tenants at Medley include Ford Fry’s Little Rey, CRÚ Food & Wine Bar, Fadó Irish Pub, Summit Coffee, Lily Sushi Bar, Knuckies Hoagies, Cookie Fix, Sugarcoat Beauty, BODY20 and AYA Medical Spa. Len Erickson and Kaitlyn Theriot of Franklin Street handle Medley’s retail leasing assignment, and Bryan Heller and Parker Welton of Stream Realty Partners handle office leasing. Medley’s design-build team includes architect Nelson Worldwide, engineer Kimley-Horn and landscape architect Site Solutions.

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AcquisitionsKentuckyMultifamilySoutheast

Newmark Brokers $19.7M Sale of Triple Crown at Tates Creek Apartments in Lexington, Kentucky

by John Nelson

LEXINGTON, KY. — Newmark has brokered the $19.7 million sale of Triple Crown at Tates Creek, a 228-unit apartment community in Lexington. RFM Property Group purchased the garden-style property from Monument Capital Management. Matt Newcomer of Newmark represented the seller in the transaction. Additionally, Henry Stimler and Ricky Warner of Newmark arranged a $15 million Fannie Mae acquisition loan on behalf of the borrower. Triple Crown at Tates Creek, which was 94 percent occupied at the time of sale, is situated less than five miles from downtown Lexington and the University of Kentucky.

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AcquisitionsBuild-to-RentFloridaMultifamilySingle-Family RentalSoutheast

Shoreham Capital Sells 175-Unit Build-to-Rent Residential Community in Metro Orlando

by John Nelson

POINCIANA, FLA. — Shoreham Capital has sold The Preserve at Poinciana, a 175-unit build-to-rent residential community underway in suburban Orlando. An unnamed state pension fund purchased the property via a separate account managed by Heitman. Tyler Swidler, Brett Moss and Matt Mitchell of Berkadia represented Shoreham Capital in the transaction. The sales price was not disclosed. JNS Homes is building the single-family community and expects to complete the development in the third quarter. Situated on 27 acres, The Preserve at Poinciana will feature three- and four-bedroom homes spanning 2,000 to 2,300 square feet. Amenities will include attached garages, a resort-style pool, green space, children’s playground, dog run and walking trails.

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AcquisitionsGeorgiaRetailSoutheast

Marcus & Millichap Arranges $7.5M Sale of Shopping Center in Monroe, Georgia

by John Nelson

MONROE, GA. — Marcus & Millichap has arranged the $7.5 million sale of Paradise Shoppes, a 23,500-square-foot retail center located at 1986 W. Spring St. in Monroe, about 44 miles east of Atlanta. An unnamed private equity firm based in Tulsa purchased the shopping center in an all-cash transaction from the seller, a private equity partnership. Both parties requested anonymity. The seller’s representative, Marc Irvin of Marcus & Millichap’s Atlanta office, says the company yielded more than 20 offers during marketing. Paradise Shoppes comprises two separate parcels, with one including a 5,300-square-foot building anchored by Truist Bank and Moe’s Southwest Grill. The other parcel comprises an 18,200-square-foot inline retail building leased to a mix of national, regional and local tenants. Additionally, there is a vacant pad between Starbucks and Chick-fil-A included in the sale.

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The-Stayton-at-Museum-Way-Fort-Worth
AcquisitionsMultifamilyTexas

Buckner Retirement Services Acquires 296-Unit Seniors Housing Property in Fort Worth

by Taylor Williams

FORT WORTH, Texas — Nonprofit senior living provider Buckner Retirement Services has acquired The Stayton at Museum Way in Fort Worth. The 11-story continuing care retirement community features 188 independent living units, 42 assisted living units, 20 memory care units and 46 skilled nursing units. The seller, Lifespace Communities, acquired The Stayton in 2019 and has operated it since that time. The anticipated closing date for the purchase is June 2024 but may occur as soon as late April, according to the buyer. 

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AcquisitionsIndustrialTexas

Finial Group Arranges Sale of 21,250 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 21,250-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 12543 Perry Road was built on 1.4 acres in 2003 and features 21-foot clear heights and 11 drive-in doors. Jason Gibbons and Tyler Holt of Finial Group represented the seller in the transaction, and Jim Rock of Avison Young represented the buyer. Both parties requested anonymity.

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6300-Santa-Ana-Canyon-Rd-Anaheim-CA
AcquisitionsCaliforniaRetailWestern

Tourmaline Capital Buys Anaheim Hills Shopping Village in California for $16.7M

by Amy Works

ANAHEIM, CALIF. — Tourmaline Capital has acquired Anaheim Hills Shopping Village, a retail center at 6300 E. Santa Ana Canyon Road in Anaheim. A private family partnership sold the asset for $16.7 million. Originally developed in 1984, Anaheim Hills Shopping Village offers 67,528 square feet of retail space. At the time of sale, the property was 95 percent occupied with Big Lots as the anchor tenant. Daniel Tyner, Gleb Lvovich and Geoff Tranchina in JLL Capital Markets’ investment sales advisory team represented the seller and buyer in the transaction.

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AcquisitionsIndustrialNew MexicoWestern

Sonny Brown Associates Negotiates Sale of 215,256 SF Industrial Property in Santa Teresa, New Mexico

by Amy Works

SANTA TERESA, N.M. — Sonny Brown Associates has arranged the sale of an industrial building located at 465 Industrial Ave. in Santa Teresa, a suburb of El Paso, Texas. Dallas-based Hunt Southwest acquired the asset from Easton, Pa.-based MCS Industries for an undisclosed price. The 215,256-square-foot warehouse, distribution and manufacturing facility features 60-foot and 45-foot column spacing with staging bays at 40-foot deep, 32-foot clear heights, CTPAT capacity, 20 dock-high doors and one ramp door. The building features a 5,843-square-foot office space, 5,686-square-foot QC Lab space and 880-square-foot shipping/receiving office space. Additionally, the building is expandable by 45,900 square feet. Adin Brown of El Paso, Texas-based Sonny Brown Associates represented the seller and buyer in the deal.

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5052-Wightman-St-San-Diego-CA
AcquisitionsCaliforniaMultifamilyWestern

Lee & Associates Brokers $7.1M Sale of Multifamily Community in San Diego

by Amy Works

SAN DIEGO — Lee & Associates has arranged the sale of 5052 Wightman Street, an apartment building in San Diego. The asset traded for $7.1 million. Built in 1963, the building features 44 apartments. The property was held by the same owners for multiple decades, but had deferred maintenance issues. The community features an affordable component for residents earning 50 to 60 percent of the area median income. Eric von Bluecher and Ivan Del Muro-Garcia of The Von Bluecher Group — the multifamily brokerage team of Lee & Associates North San Diego County — represented the undisclosed buyer and undisclosed seller in the deal.

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