Acquisitions

Crescent Communities, Fortius Capital Sell 449,069 SF Industrial Facility in Charlotte Leased to Amazon

by John Nelson December 18, 2025

CHARLOTTE, N.C. — Crescent Communities and Fortius Capital Partners have sold AXIAL Rapid Commerce, a 449,069-square-foot industrial facility located at 500 Rhyne Road in Charlotte. The owners recently signed Amazon to a full-building lease at the facility, which is situated within the 1.5 million-square-foot, 140-acre Rapid Commerce Park. Pacolet Milliken, the project’s limited partner, is purchasing the facility from Crescent Communities and Fortius Capital for an undisclosed price. The LEED-certified property features 3,850 square feet of office space, 338 automobile parking spaces, 106 trailer parking spaces, two drive-in doors, multiple storefronts, 36-foot clear heights and abundant dock doors.

December 18, 2025

Acquisitions Florida Retail Southeast

Cushman & Wakefield Negotiates Sale of 134,832 SF Publix-Anchored Shopping Center in Boca Raton, Florida

by John Nelson December 18, 2025

BOCA RATON, FLA. — Cushman & Wakefield has negotiated the sale of Polo Club Shops, a 134,832-square-foot shopping center located in Boca Raton. The center is anchored by Publix, which completed a full demolition and reconstruction of its store in 2022, expanding the property by an additional 48,387 square feet. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Atlanta-based Jamestown Properties, in the transaction. The buyer, Publix Super Markets, purchased the shopping center for an undisclosed price. The Lakeland, Fla.-based grocer is operating with a new 20-year lease. Other tenants at Polo Club Shops include Beignets & Brews, Brendy’s Ice Cream, Ernie’s Açai Bowls, First Watch, Peak Beauty Studio, Manhattan Joe’s Pizzeria, Pet Supermarket and Phenix Salon Suites.

December 18, 2025

Acquisitions Georgia Retail Southeast

Highline Acquires Shopping Center in Conyers, Georgia for $25.4M

by John Nelson December 18, 2025

CONYERS, GA. — Highline Real Estate Capital has acquired Salem Gate Market, a 177,527-square-foot shopping center located in Conyers, a southeast suburb of Atlanta in Rockdale County, for $25.4 million. Situated directly off I-20, the center’s tenant roster includes anchors Academy Sports + Outdoors and Floor & Décor. The Miami-based investor purchased Salem Gate Market from the undisclosed seller via its Highline Real Estate Fund 1, which launched in 2023 and has completed more than $350 million in acquisitions. Brad Buchanan and Jim Hamilton of JLL’s Atlanta office represented the seller in the transaction. Highline also recently sold an unanchored retail center in Conyers in a separate transaction totaling $9 million.

December 18, 2025

Acquisitions Industrial Texas

PHP Capital Partners Buys 115,000 SF Industrial Park in Irving

by Taylor Williams December 18, 2025

IRVING, TEXAS — Fort Worth-based investment firm PHP Capital Partners has purchased Gateway Business Center, a 115,000-square-foot industrial park in Irving. The development consists of four buildings that house suites that range in size from 2,500 to 16,000 square feet. The seller and sales price were not disclosed. PHP Capital has tapped Property Advisers Realty Inc. as the leasing agent.

December 18, 2025

Acquisitions Development Multifamily New Jersey Northeast

GN Management Buys Multifamily Development Site in Jersey City, Plans 57-Story Tower

by Taylor Williams December 18, 2025

JERSEY CITY — Locally based investment and development firm GN Management has acquired a multifamily development site in Jersey City with plans to construct a 57-story tower. The waterfront site is known as Harborside 9 and is approved for the development of 579 units, as well as 14,800 square feet of retail space and a 555-space parking garage. Fifteen percent (87 residences) will be set aside as affordable housing. Information on floor plans and amenities was not disclosed. Jim Pompa of Coldwell Banker brokered the sale of the site from Panepinto Properties, which recently closed on financing for a 678-unit multifamily project at Harborside, to GN Management. Construction is targeted for a 2027 commencement.

December 18, 2025

Keurig-Dr.-Pepper-Burlington-Massachusetts

Acquisitions Industrial Massachusetts Northeast Office

Newmark Brokers $84.5M Sale of Keurig Dr Pepper Campus in Metro Boston

by Taylor Williams December 18, 2025

BURLINGTON, MASS. — Newmark has arranged the $84.5 million sale of the 431,233-square-foot campus of Keurig Dr Pepper in Burlington, located north of Boston. The two-building campus was constructed in 2014 and consists of a 280,560-square-foot office building and a 150,673-square-foot research-and-development/manufacturing facility. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, Peakstone Realty Trust, in the transaction. The team also procured the buyer, Montana Avenue Capital Partners.

December 18, 2025

Acquisitions California Multifamily Western

Step Up Housing Acquires Multifamily Community in San Leandro, California for $47.4M

by Amy Works December 18, 2025

SAN LEANDRO, CALIF. — Sack Capital Partners and Align Finance Partners have closed on structured financing on behalf of Step Up Housing for its $47.4 million acquisition of Woodchase Apartments, an affordable multifamily property in San Leandro. Sack will also provide asset and property management for the property. Located at 2795 San Leandro Blvd., Woodchase Apartments offers 186 studio, one- and two-bedroom floor plans spread across 13 buildings. Originally built in 1976, the community includes 93 loft-style apartments with 19-foot ceiling heights. Institutional Property Advisors represented the undisclosed seller in the deal.

December 18, 2025

Acquisitions California Industrial Western

CBRE Arranges $22.1M Sale-Leaseback of Industrial Property in Carlsbad, California

by Amy Works December 18, 2025

CARLSBAD, CALIF. — CBRE has brokered the $22.1 million sale-leaseback of 2470 Faraday Avenue, a 19.4-acre site in Carlsbad. BLT Enterprises acquired the asset from the seller, a global science and technology company. The site includes a 127,200-square-foot industrial research and development and manufacturing facility, which the seller will lease back. The facility features highly specialized lab and research and development space, as well as manufacturing and distribution space. The facility has been owned and operated by the seller since the mid-1970s. Hunter Rowe, Matt Carlson, Michael Longo, Eric Cox, Barbara Perrier, Joe Cesta and Brian Russell of CBRE represented the seller in the deal.

December 18, 2025

Acquisitions California Retail Western

SRS Real Estate Brokers $12.8M Sale-Leaseback of Retail Center in Redding, California

by Amy Works December 18, 2025

REDDING, CALIF. — SRS Real Estate Partners has arranged the sale-leaseback of a retail property located at 3055 Shasta View Drive in Redding. North State Grocery sold the asset to an undisclosed real estate investment trust for $12.8 million. Holiday Market occupies the 31,222-square-foot building, which was completed this year, on an absolute triple-net lease with 20 years remaining, including scheduled rent increases and multiple options to renew. The grocery store is part of the Holiday Marketplace that also includes Starbucks Coffee and Quick Quack Car Wash. Alexander Moore of SRS Capital Markets represented the seller in the transaction.

December 18, 2025

Acquisitions Healthcare Indiana Kansas Midwest Wisconsin

W. P. Carey Acquires Four Midwest Inpatient Rehab Facilities for $137M

by Kristin Harlow December 18, 2025

INDIANA, LOUISIANA, WISCONSIN AND KANSAS — W. P. Carey has acquired four inpatient rehabilitation facilities (IRF) located in Indiana, Louisiana, Wisconsin and Kansas for $137 million. New Era Cos. and WB Development Partners developed and owned the 191,000-square-foot portfolio. The properties are triple-net leased to NewEra Nobis Operations Holdings, a healthcare provider specializing in comprehensive rehabilitation services for patients recovering from debilitating illnesses and injuries. The weighted average lease term is 17 years with fixed annual rent increases. As part of the transaction, W. P. Carey is also funding a 10-bed expansion of the Kansas facility. Nobis Rehabilitation Parters manages the properties. The inpatient rehabilitation sector largely serves elderly and Medicare-eligible individuals. IRFs typically provide shorter lengths of stay and superior health outcomes relative to other post-acute options, according to W. P. Carey.

December 18, 2025

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