Wednesday, June 18, 2025
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AcquisitionsGeorgiaRetailSoutheast

Atlantic Capital Partners Arranges $38.3M Sale of Metro Atlanta Shopping Center

by John Nelson

SNELLVILLE, GA. — Atlantic Capital Partners has arranged the sale of Snellville Pavilion, a 311,093-square-foot shopping center located in the Atlanta suburb of Snellville in Gwinnett County. Fred Victor, Justin Smith and Chris Peterson of Atlantic Capital represented the seller, Kimco Realty, and procured the New York-based buyer, United Properties, in the $38.3 million deal. Snellville Pavilion was 99 percent leased at the time of sale to tenants including Kohl’s and Belk, both of which have anchored the center since 2000.

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AcquisitionsKentuckyMultifamilySoutheast

29th Street Capital Purchases 274-Unit Ashton Brook Apartments in Louisville

by John Nelson

LOUISVILLE, KY. — 29th Street Capital (29SC) has purchased Ashton Brook Apartments, a 274-unit multifamily community located in Louisville. The seller and sales price were not disclosed. Built in 1979, the Class B property features a swimming pool, fitness center, dog park, outdoor grilling and picnic area, playground and a laundry facility. Ashton Brook is situated near the headquarters of Haven Residential, 29SC’s in-house property management company that is taking over operations of the pet-friendly community.

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AcquisitionsIndustrialSoutheastVirginia

MDH Partners Acquires 182,000 SF Chesapeake Industrial Park in Hampton Roads

by John Nelson

CHESAPEAKE, VA. — MDH Partners has acquired Chesapeake Industrial Park, a two-building, 182,000-square-foot industrial property located at 3804 and 3808 Cook Blvd. in Chesapeake. This is Atlanta-based MDH’s second Virginia purchase this year, following the purchase of AeroFarms Danville in May. Chamie Burroughs and Ricky Anderson of Colliers represented the undisclosed seller in the transaction. Joe DeHaven and Makenna Barbara served as the acquisition leads for MDH Partners. The sales price was not disclosed. The park’s two 90,000-square-foot facilities were fully leased at the time of sale and feature 30-foot clear heights and 23 dock-high doors.

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AcquisitionsConnecticutNortheastRetail

Poag Shopping Centers Acquires 113,422 SF Center in Glastonbury, Connecticut

by Taylor Williams

GLASTONBURY, CONN. — Poag Shopping Centers has acquired The Shops at Somerset Square, a 113,422-square-foot retail center in Glastonbury, roughly 10 miles southeast of Hartford. The Tennessee-based investment firm has partnered with JLL to lease and manage the open-air center, which houses tenants such as Chipotle Mexican Grill, AT&T, Edward Jones, Francesca’s and Jos. A Bank. The seller and sales price were not disclosed.

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Harvest-Junction-Longmont-CO
AcquisitionsColoradoRetailWestern

Pine Tree Acquires Harvest Junction Shopping Center in Longmont, Colorado for $73.8M

by Amy Works

LONGMONT, COLO. — An affiliate of Northbrook, Ill.-based Pine Tree, in partnership with New York-based Wafra Inc., has purchased Harvest Junction, a shopping center in Longmont, for $73.8 million. Completed in 2006, Harvest Junction features 364,000 square feet of retail space. Current tenants include Best Buy, Dick’s Sporting Goods, Marshalls, Ross Dress for Less, Michaels, Petco and Designer Shoe Warehouse. Barry Brown, Bryan Ley and Jason Schmidt of JLL’s Retail Capital Markets Investment Sales and Advisory team brokered the transaction.

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Kearny-Mesa-Logistics-Center-San-Diego-CA
AcquisitionsCaliforniaIndustrialWestern

Lincoln Property, Crow Holdings Sell 299,381 SF Kearny Mesa Logistics Center in San Diego

by Amy Works

SAN DIEGO — Lincoln Property Co. and a real estate fund advised by Crow Holdings Capital have completed the disposition of Kearny Mesa Logistics Center, a newly constructed Class A distribution facility in San Diego’s Kearny Mesa submarket. Terms of the transaction were not disclosed. Located at 5650 Kearny Mesa Road, the 299,381-square-foot facility features 36-foot clear heights, cross-dock configuration, abundant dock-high loading capabilities, 120-foot concrete truck courts and the option to accommodate an extensive pool of logistics-oriented users. Kevin Shannon, Andrew Briner, Bret Hardy, Jim Linn, Brunson Howard and Ken White of Newmark represented the sellers in the deal. The name of the buyer was not released.

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Vacaville-Commons-Vacaville-CA
CaliforniaLoansRestaurantRetailWestern

Gantry Arranges $23M Refinancing for Vacaville Commons Shopping Center in California

by Amy Works

VACAVILLE, CALIF. — Gantry has arranged a $23 million permanent loan to refinance debt on Vacaville Commons, a power retail center in Vacaville. Tenants at the 400,000-square-foot property include Safeway, Ross Dress for Less, Big 5, Chase Bank, Chick-fil-A and Chili’s. Tom Dao and Erinn Cooke of Gantry’s San Francisco office arranged the financing on behalf of a private real estate investment partnership. The 10-year, fixed-rate loan, features an interest-only period transitioning to 30-year amortization. A correspondent life company lender provided the capital.

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Galleria-L-Orange-Orange-CA
CaliforniaLoansRetailWestern

PSRS Secures $15M Refinancing for Galleria L’Orange Retail Center in Orange, California

by Amy Works

ORANGE, CALIF. — PSRS has arranged $15 million in financing for Galleria L’Orange, a multi-tenant retail center in Orange. Michael Tanner and Tony Messiah of PSRS secured the non-recourse loan that features a 10-year term and 30-year amortization. A correspondent life insurance company provided the capital. Situated on 3.1 acres, the three-building asset offers 40,323 square feet of retail space and 180 parking spaces. Tenants include Starbucks Coffee, Supercuts, U.S. Bank, H&R Block and T-Mobile.

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AcquisitionsMultifamilyNew YorkNortheast

Ariel Property Advisors Negotiates $12.1M Sale of Bronx Multifamily Property

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $12.1 million sale of a 106-unit multifamily property in The Bronx. The rent-stabilized building at 725-737 Fox St. is located in the borough’s Longwood area and offers studio, one-, two- and three-bedroom units. Victor Sozio, Jason Gold, Shimon Shkury and Daniel Mahfar of Ariel Property Advisors represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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