REYNOLDSBURG, OHIO — Matthews has arranged the sale of Broad Street Plaza East, a 55,946-square-foot retail center in Reynoldsburg near Columbus. Pierce Mayson, Kyle Stonis, Ben Snyder, Zack Bates and Boris Shilkrot of Matthews represented the seller, Garner Group. Matt Wallace served as broker of record. Positioned in the heart of the East Broad Street retail corridor, the property was 92 percent leased at the time of sale. Ross Dress for Less is the anchor tenant. Garner Group brought the asset to market as part of a capital recycling strategy after strengthening the rent roll through recent leasing activity. The undisclosed buyer plans to lease up the 4,209-square-foot vacancy.
BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the $2.7 million sale of a retail building formerly occupied by Joann in Bloomington. The 21,828-square-foot property is located at 1719 E. Empire St. within Bloomington Commons. Meghan O’Neal-Rogozinski and Mike O’Neal of AXIS 360 represented the buyer, Matt Unkovich, who plans to redevelop the space with an Aqua Tots Swim School. In addition to the swim school, space remains available to lease within the building. Jacob Dell and Sean McCourt of CBRE marketed the property for sale.
HUNTERSVILLE, N.C. — Woodfield Development has completed Merritt Apartments, a 354-unit multifamily community located in Huntersville, about 12 miles north of Charlotte. Situated on roughly 23 acres at 13111 Tadeo Drive, Merritt Apartments offers a mix of studio, one-, two- and three-bedroom floorplans that range in size from 758 to 1,813 square feet. Monthly rental rates begin at $1,466. Amenities include a fitness center with a yoga studio, coworking and lounge spaces, private dining areas, an entertainment courtyard with a putting green and amphitheater-style seating, resort-style swimming pool and cabanas, electric vehicle charging stations, a dog park, pet spa and direct access to nearby green spaces. Select residences also feature private fenced yards, mudroom-style entries, built-in shower benches, smart thermostats and controlled-access entry. The project team included Fosselman Construction (general contractor), Housing Studio (architect) and Shelton Taylor Associates (interior design).
THONOTOSASSA, FLA. — Trammell Crow Co. (TCC) has purchased 10 acres of land in Thonotosassa, roughly 14 miles northeast of Tampa. The Dallas-based firm plans to develop a 136,714-square-foot speculative warehouse on the site called New Tampa Commerce Center. Designed by C4 Architecture and constructed by FCL Builders, New Tampa Commerce Center is expected to be delivered in January 2027. The shallow bay warehouse will feature 32-foot clear heights, car parking spaces and immediate access to U.S. Highway 301 and I-75.
MIAMI — Locally based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and S.W. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery store is also expected to open this year at the property.
JOHNS ISLAND, S.C. — Locally based Pinckney Partners has begun vertical construction on South Island Market, a 34-acre mixed-use development located on Johns Island, about 13 miles south of Charleston. Upon completion, the project will feature 82,000 square feet of retail, dining and office space across eight buildings, along with 79 townhomes built by Toll Brothers and 16 acres of preserved open space. Roper St. Francis Healthcare and Daniel Ravenel Sotheby’s International Realty will anchor the development. South Island Market is expected to open in spring 2027. The first phase of South Island Market comprises five buildings across 45,000 square feet of commercial space. With the addition of the anchors and several pending agreements, Phase I is now 53 percent leased. Hannah Kamba and Tim Rowley of Coldwell Banker Commercial Atlantic (CBC Atlantic) are handling leasing for the project.
FRISCO, TEXAS AND GREENWOOD VILLAGE, COLO. — Public Storage (NYSE: PSA) has entered into an agreement to acquire National Storage Affiliates (NYSE: NSA) in an all-stock transaction valued at approximately $10.5 billion. Under the terms of the agreement, which is expected to close in the third quarter, NSA shareholders will receive 0.14 of a share of Public Storage common stock for each NSA share they own. The same arrangement applies to shareholders of operating partnership (OP) units of NSA. The price represents a total consideration of $41.68 per share based on Public Storage’s closing per-share price of $297.72 on March 13, 2026. “Public Storage is the ideal strategic fit for our company given their best-in-class brand, operating platform and future growth profile, said David Cramer, CEO of NSA. “By joining PSA, we ensure that the entrepreneurial spirit of our regional partners is preserved within a global platform capable of driving unprecedented scale.” Immediately prior to closing, Public Storage and limited partners in NSA’s OP will form a joint venture that will consist of 313 properties on NSA’s operating platform comprising 19.6 million rentable square feet across 28 states and Puerto Rico. The estimated value of this joint venture is approximately $3.3 …
With office leasing and development, we’re always looking forward to the next big thing. Nashville’s office market is no exception to that. Sometimes no news is good news, though. That may be the case with the metro’s office development, where only four projects totaling 279,320 square feet were underway at the close of 2025 — 44.1 percent of which was preleased. At the beginning of 2020, Nashville’s construction pipeline was nearly 10 percent of its inventory size — the second-highest share out of any U.S. metro. Since then, 8.5 million square feet of office product has been delivered, and despite overlapping with a global pandemic, nearly 80 percent of it has been leased — underscoring the market’s appetite for quality office space. While that office space has not been absorbed as quickly as some had hoped, market trends and activity suggest that nearly 90 percent of it will be absorbed by the end of 2026, proving the Nashville office market’s resilience. As we approach the end of the first quarter, Nashville’s office market is off to a good start, despite some uncooperative icy weather. Although local tenants continue to lead occupancy growth, sizable multi-market requirements have continued to increase, pushing …
NORTHLAKE, TEXAS — Colliers has negotiated a 1 million-square-foot industrial lease in Northlake, located north of Fort Worth. The tenant is DSV Contract Logistics, and the deal is for the entirety of Building 1 within Northlake 35 Logistics Park. Completed in 2023, the building features 40-foot clear heights, 84 dock-high doors, 7,978 square feet of office space and an ESFR sprinkler system. Ward Richmond, Cole Hooper, James Ewing, Keller Strauss and Amanda Richards of Colliers represented DSV in its site selection and lease negotiations. Nathan Lawrence and Krista Raymond of KBC Advisors represented the landlord, a partnership between Texas Commercial Development and Clarion Partners.
KATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy. The deals are with Olive Garden (7,825 square feet), Chase Bank (3,443 square feet) and Whataburger (3,305 square feet). David Meyers and Bob Conwell internally represented NewQuest in all lease negotiations. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial represented Whataburger, and James Namken and Kyle Knight of Weitzman represented Chase Bank.