MIAMI — Marcus & Millichap has brokered the $8.6 million sale of Village Shoppes, a 26,648-square-foot retail center located in the Little Havana neighborhood of Miami. Situated at 503-533 SW 12th Ave., the center comprises two parcels with multiple stores, 30 parking spaces and more than 325 feet of retail frontage. The property also allows for 40,000 square feet of future development of up to eight stories, according to Marcus & Millichap. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap’s Miami office marketed the property on behalf of the undisclosed seller and procured the buyer, an entity doing business as CMC VS LLC, in the transaction.
MANASSAS AND HAMPTON, VA. — SRS Real Estate Partners has negotiated the ground-lease sales of two single-tenant retail properties in Virginia net-leased to Chase Bank. The assets include 9560 Liberia Ave. in Manassas and 1700 W. Mercury Blvd. in Hampton, which combined to sell for more than $8 million. Both buyers were based in California and purchased the bank branches in 1031 exchanges. Andrew Fallon, Patrick Nutt and William Wamble of SRS represented the seller in the Manassas deal, an investment firm based in New York. Matthew Mousavi, Patrick Luther and Fallon of SRS represented the seller in the Hampton transaction, a developer based in Dallas. SRS is currently marketing two more retail properties net-leased to Chase Bank in Rockville, Md., and Washington, D.C.
CHARLOTTE, N.C. — Co-owners Parkside Partners and MDH Partners have opened or signed a new round of office and retail tenants at Oakhurst Commons, a 10-acre mixed-use redevelopment underway in Charlotte’s Oakhurst neighborhood on the city’s east side. Thrift Commercial Real Estate Services is leading the leasing assignment for both the office and retail components at Oakhurst Commons. The new concepts joining include Brunches (opening in August), The Health Club (open), Ilios Crafted Greek (open), DreamMaker Bath & Kitchen (no opening date announced), Wildlands Engineering (no opening date announced), Switchyards (open), Made2Move (open) and Moodhouse (open).
SILVER SPRING, PA. — A joint venture between New York City-based Rockefeller Group and MBK Real Estate, a subsidiary of Japanese conglomerate Mitsui & Co., will develop a 2 million-square-foot industrial park in Silver Spring, located just west of Harrisburg. Silver Spring Logistics Park will be situated on a 182-acre site that is located about three miles from I-81 and is part of the former 451-acre Hempt Farm. The development will consist of three buildings that will total 892,620, 803,520 and 318,060 square feet and will feature clear heights of 40 feet and 185-foot truck court depths. The two larger buildings will have cross-dock configurations. CBRE has been tapped as the leasing agent and also brokered the land deal on behalf of the seller, HSS Investors LLC. Other project partners include Margulies Hoelzli Architecture, civil engineer Alpha Consulting and general contractor Penntex Construction.
TOMS RIVER, N.J. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $50 million bridge loan for the acquisition of Silverwoods, a 313-unit multifamily property located in the coastal New Jersey community of Toms River. The 55-acre, age-restricted property consists of 46 one-story buildings that house seven studios, 41 one-bedroom units and 265 two-bedroom units. Amenities include a pool, fitness center and a clubhouse. Moshe Feiner of Sevenstone Capital arranged the debt on behalf of the borrowers, Mathias Deutsch and Isidore Bleier. In addition to financing the purchase, ownership will use the loan proceeds to establish an interest reserve, cover transaction costs and purchase an interest rate cap.
NEW YORK CITY — Cushman & Wakefield has arranged a loan of an undisclosed amount for the refinancing of a 352-unit apartment building located at 88 Leonard St. in Manhattan’s Tribeca area. The 21-story, doorman-served building offers studio, one-, two- and three-bedroom units and amenities such as a rooftop terrace, outdoor pool and lounge area and a pet play area, as well as 11,365 square feet of retail space. John Alascio, Alexander Hernandez, Meredith Donovan and Gideon Gil of Cushman & Wakefield arranged the loan through an undisclosed European bank on behalf of the borrower, Jamestown.
TARRYTOWN, N.Y. — The DSF Group, an investment firm with offices in Boston and Washington D.C., has sold Halstead Tarrytown, a 300-unit asset located about 30 miles north of New York City. Built in 1998, the property consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. Steve Simonelli led the JLL team that represented the seller and procured the undisclosed buyer in the transaction. The new ownership plans to implement a value-add program.
NEW YORK CITY — Gordon Rees Scully Mansukhani (GRSM) has signed an 11-year, 22,409-square-foot office lease renewal in Lower Manhattan. The law firm will remain on the 28th floor at One Battery Park Plaza, a 35-story, 870,000-square-foot building that was originally constructed in 1971. Chris Mongeluzo, Hal Stein and Adam Weinblatt of Newmark represented GRSM in the lease negotiations. Thomas Keating and Kevin Daly represented the landlord, Rudin, on an internal basis.
SAN DIEGO — Affinius Capital has closed a $148.5 million loan to refinance 800 Broadway, a newly built high-rise multifamily property in San Diego. The loan was made to an affiliate of Diamond Realty Investments. James Burrell of Northmarq arranged the financing. The 40-story building offers 356 market-rate apartments and 33 affordable units, ranging from studio and one-/two-bedroom apartments to two-/three-bedroom penthouses. The units feature private patios/balconies, Whirlpool stainless steel appliances, nine-foot ceilings, in-unit washers/dryers, quartz countertops, frameless glass showers and porcelain tubs, modular closet shelving, luxury vinyl and tile flooring, gas stoves, under cabinet lighting and pendant island lighting. Onsite amenities include a rooftop deck with swimming pool and hot tub, speakeasy bar, outdoor lounge with fire pits and grilling stations, a clubroom, coworking space and business center, TV and game lounge, fitness center with yoga studio, pet spa and dog walk, bike storage and repair station, electric vehicle charging stations and a 24-hour concierge. Additionally, 800 Broadway offers 4,830 square feet of commercial space.
OCEANSIDE, CALIF. — Capital Investment Network has completed the disposition of Oceanside Square, a shopping center at 4750 Oceanside Blvd. in Oceanside. A San Francisco-based buyer, in a 1031 exchange, acquired the asset for $11.6 million. Oceanside Square offers 35,013 square feet of retail space occupied by 21 tenants. At the time of sale, the property was 95.1 percent leased. Originally built in 1990, Oceanside Square underwent substantial capital improvements in 2022 and 2024. Ross Sanchez and Nick Totah of Marcus & Millichap’s San Diego Del Mar office represented the seller in the transaction.