EVANSVILLE, IND. — Matthews has brokered the $8.8 million sale of a Fairfield Inn hotel located at 5400 Weston Road in Evansville. Mitchell Glasson and Luke Whittaker of Matthews represented the seller, while the brokerage firm’s Kyle Matthews served as the broker of record. The sale ranked as the largest transaction for a hospitality property in Evansville for price and square footage within the past year, according to Matthews. Constructed in 1995, the 110-room property underwent a full renovation in 2022, supported by approximately $3 million in owner-funded capital improvements. The buyer was a seasoned hotelier with a portfolio of approximately 10 properties in the area.
BOLINGBROOK, ILL. — SVN Chicago Commercial has arranged the sale of McKenzie Falls, a 105-unit seniors housing community located at 265 Lakeshore Drive in Bolingbrook. Reid Bennett and Dan Short of SVN Chicago served as the sole advisors on the transaction. The asset sold for $6.7 million. Buyer and seller information was not provided.
MOUNT PROSPECT, ILL. — Marcus & Millichap has negotiated the $2.9 million sale of a 22,910-square-foot retail strip center located at 1776 Algonquin Road in Mount Prospect. Mitchell Kiven, Coult Greenwell, Eric Abbott and Zachary Taylor of Marcus & Millichap represented the seller, a large property owner with a national retail portfolio, and procured the buyer, a local investor who operates a chain of grocery stores. Built in 1964, the property sits on 1.8 acres and features 13 suites. The buyer plans to improve the physical condition of the asset and work to lease second-floor space.
BLUE SPRINGS, MO. — Trident Capital Partners has provided a $1.5 million bridge loan for the acquisition of a newly constructed retail property within the Copperleaf Shopping Center in Blue Springs. The six-month, full-recourse loan is secured by a first lien on the property, a 4,685-square-foot retail building housed on one of the center’s pad sites. The borrower, a partnership of three private investor groups, acquired the property to maintain control over development and tenant selection at the Copperleaf Shopping Center, a 32,978-square-foot retail center that it purchased in February 2023 for $6.9 million. The outparcel building is partially leased to two national restaurant concepts, including Dutch Bros Coffee and Qdoba Mexican Eats. An additional 1,775 square feet remains available.
GOODLETTSVILLE, TENN. — Merus, a design-build firm that was formerly known as Al. Neyer, has purchased RiverGate Mall, an enclosed shopping mall located at 1000 Rivergate Parkway in Goodlettsville that opened in 1971. The Cincinnati-based firm is planning to transform the 57-acre site on the northern outskirts of Nashville into a $450 million mixed-use district. Merus plans to demolish the mall this spring. In its place, the firm will develop 700 multifamily units, 100 townhomes, 80 independent seniors housing units, more than 130,000 square feet of retail and dining space and a center green and plaza for community programming. “Stepping into a site like this comes with a responsibility — not just to redevelop it, but to do it right,” says Patrick Poole, senior vice president and Nashville market leader for Merus. “Our focus is taking a property designed for a different era and reimagining it as a walkable, active district where people can live, work, gather and spend time.” Merus purchased the 514,000-square-foot mall, which is situated next to Dollar General’s global headquarters, for $33 million. Bryan Belk and John Tennant of Franklin Street represented the seller, Hendon Properties, in the transaction. Hartman Simons & Wood LLP executed legal work …
By Taylor Williams The challenges are multi-faceted. The timelines are elongated. The costs are brutal. The capital is tight. The consumers’ incomes are strained. The prevailing logic favors buying over building. The list goes on. And yet some retail developers in Texas and Oklahoma see the current environment as one that represents a unique chapter in the saga of their business — one that makes them glad they do what they do. That sentiment is not just a factor of a post-COVID resurgence built on the realization that brick-and-mortar stores and e-commerce platforms work better in tandem than in opposition. And it’s not just a natural byproduct of favorable supply-demand dynamics that have pushed retail occupancies and rents to record highs in most major markets. It goes beyond being the beneficiary of new capital flows as the commercial real estate darlings of the past decade — industrial and multifamily — have experienced softening fundamentals. The feeling is, in the words of Stevie Wonder, all these things and more. “It’s a special time in this business, even if it’s a different one,” says David Neher, president at Dallas-based Rainier Development Co. “There’s a fair amount of front-end risk and planning for …
DENVER — The U.S. retail real estate sector is continuing to move forward — but with caution. While the industry’s fundamentals remain relatively healthy, retailers and investors are evolving their strategies and adapting to shifting consumer behaviors, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s 2026 Retail Report explores the trends shaping the transformation of retail real estate, and where the sector is headed next. Consumer spending has shifted, largely because of macroeconomic machinations like inflation and slower job growth. Higher-income earners still have the ability to spend, but price-conscious consumers are increasingly trying to maximize value for their dollar at discount grocery and convenience stores. IRR notes that the retail sector posted 1.7 million square feet of positive net absorption nationally, which outpaced new construction more than twelvefold at 214,00 square feet. In the third quarter of 2025, the national vacancy rate slightly declined, coming in at 10.4 percent. Anthony Graziano, CEO of IRR, emphasizes that while leasing is healthy, store closures are masking the improvement. “E-commerce pressure, retailer bankruptcies and ongoing drugstore consolidation have released significant space back into the market, and until that churn settles, vacancy will look more …
BUTNER, N.C. — Equus Capital Partners has acquired Falls Lake Commerce Center, a 341,867-square-foot industrial complex in Butner, approximately 20 miles south of Durham, for $46.8 million. The transaction was completed on behalf of Sweet Grass II, a programmatic joint venture between an affiliate of Equus and a U.S.-based public pension plan. Falls Lake Commerce Center comprises three modern, tilt-wall logistics facilities developed between 2009 and 2015. The buildings feature 30-foot clear heights, ESFR sprinkler systems, shared truck courts, 53 dock-high doors and six drive-in doors. The property also includes a 1.2-acre industrial outdoor storage (IOS) lot with 65 trailer stalls. Falls Lake was fully leased at the time of sale to three tenants including UPS, Nugget Comfort LLC and RiceWrap Foods.
BATON ROUGE, LA. — Marcus & Millichap has negotiated the $40.5 million sale of the Hilton Baton Rouge Capital Center, a 291-room hotel located in downtown Baton Rouge along the banks of the Mississippi River. Chase Dewese, Jack Davis and Joce Messinger of Marcus & Millichap represented the buyer, Orlando-based Northshore Development, in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana. The seller was not disclosed. Amenities at the hotel include an onsite restaurant, swimming pool, fitness center, business center, meeting rooms and an airport shuttle.
ATLANTA — A joint venture between ECI Group and Marcus Partners has acquired Riverside Parc Apartments, a 280-unit complex located at 1925 Waycrest Drive SW in west Atlanta. ECI plans to renovate the property with an updated clubhouse and refreshed apartment interior finishes, including new plumbing fixtures, paint and washer/dryer combinations. The garden-style community spans seven buildings and offers one, two- and three-bedroom floorplans ranging in size from 795 to 1,350 square feet, according to Apartments.com. Amenities at the property include an onsite clubhouse with a dart board and movie theater seating, swimming pool, car care center, fitness center, playground and an electronic lounge that features computers, a printer, Wi-Fi and a coffee bar.