LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the $3.5 million sale of two retail properties in Littleton. Totaling 8,558 square feet, the properties are the Kauer Building at 2500 W. Main St. and an Art Deco-style building at 5711 S. Nevada St. The buildings were fully leased at the time of sale. R.C. Myles and Craig Myles of Pinnacle’s MB Team, along with Eric Shaw of Pinnacle Real Estate Advisors, represented the undisclosed sellers in the deal. The name of the buyer was not released.
RICHMOND, VA. — Newmark has facilitated the $44.5 million sale of a three-building office portfolio located in Richmond. Will Bradley and Mark Williford of Newmark represented the seller, Minneapolis-based Onward Investors, in the transaction. Onward Investors originally purchased the complex about 18 months prior for $31 million, as reported by Richmond BizSense. The buyer was not disclosed. Situated at 5600-5640 Cox Road, the portfolio totals 300,364 square feet. The office buildings were fully leased at the time of sale to tenants including data center operator Black Knight, the Commonwealth of Virginia’s Department of Social Services and local water treatment firm ChemTreat.
PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million in debt and equity to refinance Exchange at the Beach, a 232-unit multifamily apartment community located in the Upper Grand Lagoon neighborhood of Panama City Beach. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia secured a $29 million, five-year, fixed-rate Freddie Mac loan on behalf of the borrower, JSB Capital. Berkadia also arranged $13.5 million in preferred equity. Built in 2022, Exchange at the Beach offers one- and two-bedroom apartments ranging in size from 672 to 1,255 square feet, according to Apartments.com. Amenities include a clubhouse with a coffee bar, business center, gaming area, 24-hour fitness center, swimming pool with a veranda and TV area, outdoor BBQ and grilling stations, an outdoor fireplace and a dog park.
HOUSTON — Transwestern Development Co. (TDC) has completed East Belt Logistics Park, an 858,600-square-foot industrial project that is located along Beltway 8 in northeast Houston. East Belt Logistics Center consists of two buildings that span 591,560 and 267,040 square feet, both of which feature cross-dock configurations and 3,000 square feet of office space. The larger building offers 40-foot clear heights, and the smaller building offers 36-foot clear heights. Transwestern is also the leasing agent for East Belt Logistics Park.
HUNTSVILLE, ALA. — IKEA U.S. has announced plans to open a 46,000-square-foot store in Huntsville, making it the Swedish retailer’s first location in Alabama. Set to open on Feb. 25, the new, small format store will be located at 6125 University Place Drive within the University Place Shopping Center. The landlord was not disclosed. IKEA says the store will showcase more than 5,000 products and a variety of fully furnished room settings and will include a central planning area for personalized design consultations, an “As Is” department with sustainable furnishing options for purchase and its Swedish in-store restaurant.
OCALA, FLA. — Atlanta-based private real estate investment firm Stonemont and private equity firm Iron Point Partners have signed an undisclosed tenant to a full-building lease at Topline Logistics Center, a 457,217-square-foot industrial facility located directly off I-75 in Ocala. Jared Bonshire, David Perez, Taylor Zambito and Ryan Hubbard of Cushman & Wakefield represented Stonemont in the lease negotiations. Situated on approximately 35 acres in Central Florida, the cross-dock facility features 36-foot clear heights, 110 trailer parking spaces, 247 car parking spaces, four drive-in doors and a 185-foot truck court.
HOUSTON — JLL has negotiated the sale of a 137,000-square-foot office building located at 1400 Ravello Drive in West Houston. Built on 6.8 acres in 2009 and renovated in 2015, the two-story building was sold fully vacant after the sole tenant, which had occupied the building since completion, vacated the space in December 2025. Rick Goings and Kevin McConn of JLL represented the seller, a lending institution, in the transaction. The buyer was a joint venture between a local investor and a medical user that plans to occupy a large portion of the premises. All parties requested anonymity.
IRVING, TEXAS — Data center owner-operator Edged U.S. will open a new facility at its Irving campus. The square footage of the new building was not announced, but the facility, which will be known as Edged Dallas 2, will be located along North Wildwood Drive and will have a power capacity of 24 megawatts. Construction is scheduled to begin during the second quarter and to be complete in fall 2027. The first data center at the Edged Dallas campus opened in January 2025.
AUSTIN, TEXAS — SRS Real Estate Partners has brokered the sale of Woodland Place, an 11,049-square-foot retail strip center in northwest Austin. The center was built in 2016 and was fully leased at the time of sale to three tenants: Austin Family Orthodontics, Austin Children’s Dentistry and Firehouse Animal Health Center. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS represented the seller, an Austin-based developer, in the transaction. The buyer was a Los Angeles-based private investor. Both parties requested anonymity.
WOODBRIDGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $90 million sale of a portfolio of 10 multifamily properties totaling 540 units in Northern New Jersey. The properties range in size from 14 to 275 units and are scattered across municipalities such as Roselle Park, Elizabeth and Rahway. Jeff Squires of Kislak represented the seller, New Jersey-based owner-operator Landmark Cos., in the transaction. The buyer was not disclosed.