Property Type

JLL Arranges $116.5M Sale of 1.2 MSF Industrial Portfolio in Dalton, Georgia

by John Nelson May 1, 2025

DALTON, GA. — JLL has arranged the $116.5 million sale of a nearly 1.2 million-square-foot industrial portfolio situated within Greenpoint Industrial Park in Dalton, a city in north Georgia near the Tennessee border. The portfolio includes 128 Innovation Drive, a 603,166-square-foot facility delivered in 2023, and 342 Innovation Drive, a 573,578-square-foot property delivered in January 2024. A joint venture between LX Pantos and KOBC (Korea Ocean Business Corp.) advised by IGIS Asset Management acquired the two facilities from the developer, Dossche Holdings. Dennis Mitchell, Britton Burdette, Jim Freeman and Maggie Dominguez of JLL represented the seller in the transaction, and Miyeon Lee of JLL’s International Capital Coverage team sourced the buyer. Austin Kriz, Tom Cromartie and Rachel Roberts of JLL were the leasing agents for both properties, which are situated near I-75 and the Appalachian Regional Port.

May 1, 2025

Florida Leasing Activity Restaurant Retail Southeast

Edens Revitalizes Downtown Palm Beach Gardens Development With 13 New Retailers, Capital Improvements

by John Nelson May 1, 2025

PALM BEACH GARDENS, FLA. — Edens has added a new wave of retailers to join the roster at Downtown Palm Beach Gardens, a 403,000-square-foot open-air retail center in Palm Beach Gardens. Recently opened concepts include Skin Laundry, MeTime Salon, TINA Stephens, ZOE Boutique and Vagabond Kids Apparel. Committed tenants that will open soon include Pura Vida Miami, Crew Factory, Sweathouz, Tweeds Custom Suits, Humanaut Health, Van Leeuwen Ice Cream, Muse Paint Bar and Laser Away. Existing tenants include Whole Foods Market, REI, CMX Cinemas, Life Time Fitness, The Cheesecake Factory, Sweetgreen and Yard House, among others. In addition to the new retail concepts, Edens has revitalized Downtown Palm Beach Gardens with facade work, new decorative elements, landscaping, signage and outdoor furniture at the development’s “Northern Strand” area near the REI and CMX Cinemas. Other improvements include installing five new interactive digital directories and adding a cut-through running east-west through the development.

May 1, 2025

Development Multifamily North Carolina Southeast

NRP Group Breaks Ground on 377-Unit Apartment Community in Matthews, North Carolina

by John Nelson May 1, 2025

MATTHEWS, N.C. — The NRP Group has broken ground on a new 377-unit apartment community located at 11330 Brigman Road in Matthews, a southeast suburb of Charlotte. Situated along I-485 adjacent to the Mecklenburg County Sportsplex, the 15-acre development will feature residential buildings housing one-, two- and three-bedroom apartments, as well as a swimming pool, dog park, fitness center, business center with coworking space and a retail café. The unnamed property will also include 18,900 square feet of commercial space and about 28 apartments reserved for households earning 80 percent of the area median income (AMI). The NRP Group expects to deliver the community in November 2026.

May 1, 2025

Acquisitions Retail Southeast Virginia

CBRE Brokers Sale of 58,434 SF Shops at High Street Retail Village in Williamsburg, Virginia

by John Nelson May 1, 2025

WILLIAMSBURG, VA. — CBRE has brokered the sale of Shops at High Street, a 58,434-square-foot retail village located at 1430 High St. in Williamsburg. The Khoshbin Co., a privately held real estate investment and management firm based in Costa Mesa, Calif., sold the center for an undisclosed price. CBRE’s National Retail Partners Mid-Atlantic team represented the seller in the transaction, while White House Realty Group represented the buyer, an undisclosed private investor. Shops at High Street was 98 percent leased at the time of sale to tenants including Movie Tavern, Five Guys, Subway, Orangetheory Fitness, The Learning Experience and 1-800 Flowers.

May 1, 2025

Development Florida Loans Multifamily Southeast

Centennial Bank Provides $17.5M Construction Loan for One Daytona Multifamily Project in Florida

by John Nelson May 1, 2025

DAYTONA BEACH, FLA. — Centennial Bank has provided a $17.5 million construction loan for The Edge Collection at Icon One Daytona, a 129-unit apartment community located at 200 Daytona Blvd. in Daytona Beach. The midrise property is part of One Daytona, NASCAR’s master development across from Daytona International Speedway that includes residential options and two hotels, including The Daytona, a Marriott Autograph Collection Hotel. Centennial Bank provided the loan for Daytona Apartment Holdings II LLC, an entity owned by Prime Hospitality Group. The developer plans to deliver The Edge Collection at Icon One Daytona later this month.

May 1, 2025

Acquisitions Multifamily New York Northeast

Adirondack Capital Partners Negotiates Sale of 952-Unit Apartment Community in Ballston Spa, New York

by Taylor Williams May 1, 2025

BALLSTON SPA, N.Y. — Regional brokerage firm Adirondack Capital Partners has negotiated the sale of Northway Eleven Communities, a 952-unit apartment community in Ballston Spa, a northern suburb of Albany. The exact sales price was not disclosed, but Adirondack says that the deal traded for more than $100 million. The property consists of 240 buildings on a 131-acre site and offers 1,027-square-foot, two-bedroom apartments and 1,385-square-foot, two-level townhomes, according to the property website. Michael Hunter Coghill of Adirondack Capital Partners represented the seller, an entity doing business as Country Club Acres Inc., in the transaction. The buyer was not disclosed, but the property is listed on the website of Eagle Rock Properties.

May 1, 2025

Acquisitions California Multifamily Student Housing Western

Landmark Properties, Stockbridge Acquire Two Student Housing Communities in Los Angeles

by Amy Works May 1, 2025

LOS ANGELES — Landmark Properties has partnered with Stockbridge to purchase two student housing properties near the University of Southern California (USC) in Los Angeles. TSB Realty brokered the sale, while TSB Capital Advisors arranged financing for the transaction. Terms of the transaction were not released. The purchase of Icon Plaza and West 27th Place marks the partnership’s third transaction. Both assets are adjacent to campus and within walking distance to USC’s main academic and recreational buildings. Landmark plans to renovate common areas and amenities at Icon Plaza as part of the acquisition business plan. West 27th was recently renovated, so no major renovations are planned. Located at 3584 S. Figueroa St., Icon Plaza is a 57-unit, 252-bed mid-rise community that was built in 2012. The property offers fully furnished floor plans ranging from two- to five-bedroom units with quartz countertops, stainless steel appliances, in-unit laundry and balconies. Community amenities include a resort-style swimming pool, rooftop lounge, clubhouse, fitness center and study rooms. Additionally, Icon Plaza has 6,200 square feet of ground-floor retail space that is occupied by Starbucks Coffee, Jersey Mike’s Subs, Movita, Juice Bar and Wingstop. Located at 530 W. 27th St., West 27th offers 161 units and 452 …

May 1, 2025

Alamitos-West-Health-Rehab-Center-Los-Alamitos-CA

Acquisitions California Multifamily Seniors Housing Western

Marcus & Millichap Arranges $34.5M Sale of Two Seniors Housing Properties in Los Alamitos, California

by Amy Works May 1, 2025

LOS ALAMITOS, CALIF. — Marcus & Millichap has brokered the $34.5 million all-cash sale of two senior living properties located in Los Alamitos. The properties include Alamitos West Health & Rehabilitation Center, a 142-bed skilled nursing facility, and Katella Senior Living, a 73-unit, 77-bed assisted living and memory care community. International Equity Partners was the buyer. Nick Stahler, Michael Mooney and Hap Knowles of Marcus & Millichap represented the undisclosed seller in the transaction. Stahler procured the buyer. Tony Solomon is Marcus & Millichap’s broker of record in California.

May 1, 2025

Acquisitions Office Washington Western

Vibe Brand Boutique Office Properties Sells Three-Building Complex in Redmond, Washington

by Amy Works May 1, 2025

REDMOND, WASH. — Vibe Brand Boutique Office Properties has completed the disposition of Vibe Redmond, a three-building Class A office complex in Redmond. Muslim Association of Puget Sound (MAPS) and Medina Academy acquired the asset for an undisclosed price in an off-market transaction. Tom Pehl, Charles Safley and Jeff Hudson of CBRE’s Capital Markets team in the Pacific Northwest represented the seller, while Jim Reed and Adrienne Hunter of Lee & Associates represented the buyers in the deal. Developed in 1982 on 7.7 acres, the three buildings at 5000, 5010 and 5020 148th Ave. NE offer a total of 146,165 square feet. Medina Academy will use Building A for a middle school and high school. MAPS will convert Building C into a mosque and spiritual center once the property is vacated and redevelop Building B into an education and outreach center.

May 1, 2025

Acquisitions Colorado Industrial Western

Owners Exchange Two Northern Colorado Industrial Assets for $19.1M

by Amy Works May 1, 2025

WINDSOR AND LOVELAND, COLO. — Two owners have sold two industrial properties to each other for a total consideration of $19.1 million. Cushman & Wakefield’s Jason Ells represented Schlosser Signs Inc., while Cole Herk of Cushman & Wakefield represented Bar S U in the acquisition and disposition transactions. Schlosser Signs Inc., an owner and user, acquired 31815 Great Western Drive in Windsor from Bar S U for $14.2 million, while Bar S U, an investor, purchased 3505 Draft House Court in Loveland from Schlosser Signs for $5.2 million. Schlosser Signs plans to relocate to the 100,000-square-foot Class A industrial facility in Windsor. The property features 40-foot ceilings, overhead cranes, abundant power and enhanced production capacity enabling Schlosser Signs to take on larger, more complex signage projects. Bar S U’s new 20,500-square-foot property in Loveland features radiant heat, natural lighting, a 14-foot overhead door, 20- to 24-foot clear heights, open floor plans and outside storage.

May 1, 2025

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