Wednesday, June 24, 2026
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AcquisitionsFloridaIndustrialSoutheast

JLL Brokers $48.4M Sale of Industrial Park in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — JLL has brokered the $48.4 million sale of Meridian Business Campus, a four-building industrial park located at 16101-16301 Parallel Drive in Fort Myers. Built in 2023 near Southwest Florida International Airport, the 208,447-square-foot park was 96.5 percent leased at the time of sale to eight tenants. Capital Partners acquired the 17.3-acre industrial park from a joint venture between Geis Cos. and Westminster Capital. John Huguenard, Luis Castillo and Cody Brais of JLL represented the seller in the transaction. Billy Mork of CBRE’s Debt and Structured Finance team in Minneapolis secured a 10-year acquisition loan for Capital Partners. The loan was underwritten at a fixed 5.5 percent interest rate with a partial interest-only period and 30-year amortization schedule.

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AcquisitionsMultifamilySouth CarolinaSoutheast

Berkadia Arranges Sale of 202-Unit Apartment Community in Boiling Springs, South Carolina

by John Nelson

BOILING SPRINGS, S.C. — Berkadia has arranged the sale of Villas at Lawson Creek, a 202-unit, garden-style apartment community located at 9159 Asheville Highway in Boiling Springs, a northern suburb of Spartanburg, S.C. Charleston-based Matheson Capital purchased the property from Omaha, Neb.-based Momentum Housing for an undisclosed price. Caleb Troop, Thomas Colaiezzi, Matt Robertson and Drew Kwiatkowski of Berkadia’s Charlotte office represented the seller in the transaction. Built in 2009, Villas at Lawson Creek features one-, two- and three-bedroom apartments ranging in size from 652 to 1,444 square feet. Amenities include a swimming pool, fitness center, grilling and picnic areas, laundry facilities, car care center, movie lounge and additional storage units.

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1920-Turnbull-The-Bronx
Affordable HousingDevelopmentMultifamilyNew YorkNortheast

Partnership Unveils Plans for $170M Affordable, Supportive Housing Project in The Bronx

by Taylor Williams

NEW YORK CITY — A partnership between local owner-operator Gilbane Development Co., Strada Development LLC and the Center for Urban Community Services (CUCS) has unveiled plans for a $170 million affordable and supportive housing project in The Bronx. Designed by Magnusson Architecture and Planning PC and known as 1920 Turnbull, the 22-story building will be located in the borough’s Castle Hill/Soundview submarket and will house 228 affordable housing units, including 137 permanent supportive housing units for formerly homeless individuals and families. CUCS will operate a 3,500-square-foot office within 1920 Turnbull to facilitate residents’ access to onsite social support services such as case management, behavioral health support, benefits assistance, employment services and connections to community resources. Additional amenities will include outdoor recreation space, a fitness room, community room and onsite laundry facilities. Site remediation and a groundbreaking are scheduled to take place in the coming weeks, with completion slated for 2029.

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DevelopmentLoansMixed-UseNew YorkNortheast

JLL Arranges $26M in Construction Financing for Buffalo Mixed-Use Project

by Taylor Williams

BUFFALO, N.Y. — JLL has arranged $26 million in construction financing for Heritage Point, a mixed-use project in Buffalo’s Canalside district that will consist of 61 apartments and 30,000 square feet of commercial space across two six-story buildings. The financing comprises a $14.8 million senior construction loan from national lender X-Caliber and $11.2 million of Commercial Property Assessed Clean Energy (C-PACE) financing from its affiliate, CastleGreen Finance. Jillian Mariutti led the JLL team that arranged the financing on behalf of the developer, Sinatra & Co., which expects to deliver Heritage Point in the third quarter of next year.

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AcquisitionsMassachusettsNortheastRetail

Atlantic Capital Partners Negotiates $7.7M Sale of Shopping Center in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the $7.7 million sale of a 53,679-square-foot shopping center in Wilmington, located north of Boston. Grocer McKinnon’s Market anchors the center, which was 91 percent leased at the time of sale. Justin Smith, Chris Peterson, Danielle Turpin and John Dixon of ACP represented the undisclosed seller in the transaction. The sale included 13.6 undeveloped, residential-zoned acres situated directly behind the center.

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Leasing ActivityLife SciencesMassachusettsNortheastOffice

Living Proof Signs 14,085 SF Office, Life Sciences Lease in Boston’s Seaport District

by Taylor Williams

BOSTON — Living Proof has signed a 14,085-square-foot lease in Boston’s Seaport District. The provider of hair care products will relocate its operations from the Innovation & Design Building to the entire fifth floor of the office and life sciences building at 12 Farnsworth St. Tim Lahey of CBRE represented the tenant in the lease negotiations. Eric Smith and Lauren Drakeley, also with CBRE, represented the landlord, Phase 3 Real Estate Partners.

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40880-40935-40945-County-Center-Dr-Temecula-CA
AcquisitionsCaliforniaIndustrialWestern

CBRE Brokers $13.5M Sale of Multi-Tenant Industrial Park in Temecula, California

by Amy Works

TEMECULA, CALIF. — CBRE has brokered the $13.5 million sale of a three-building industrial park located at 40880, 40935 and 40945 County Center Drive in Temecula. Jewell Capital LLC acquired the property from South La Brea LCC. Totaling 68,073 square feet, the park consists of three single-story buildings across two separate parcels. At the time of sale, the asset was 97.4 percent leased to multiple tenants with an average tenant size of approximately 3,012 square feet and “ample” grade-level parking. Matt Pourcho, Matt Harris and Anthony DeLorenzo of CBRE represented the seller in the transaction.

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AcquisitionsColoradoOfficeWestern

Knightbridge Capital, Argosy Real Estate Buy Two-Building Office Portfolio in Englewood, Colorado

by Amy Works

ENGLEWOOD, COLO. — Knightbridge Capital and Argosy Real Estate Partners have purchased Three Maroon and Maroon Five, a two-building office portfolio situated within Meridian International Business Center in Englewood. Mark IV Capital sold the asset for an undisclosed price. The 174,850-square-foot portfolio was 88 percent occupied at closing, with a weighted average lease term of approximately 4.4 years. Aaron Johnson of Cushman & Wakefield represented the seller in the deal. Aimee Love, Zac Clark and Joe Petty of First Interstate Bank provided acquisition financing for the transaction. Cole Taylor handled property management for the asset.

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Alcalde-Business-Center-Laguna-Hills-CA
AcquisitionsCaliforniaIndustrialWestern

Mosaic Industrial Acquires 37,318 SF Alcalde Business Center in Laguna Hills, California

by Amy Works

LAGUNA HILLS, CALIF. — Mosaic Industrial has acquired Alcalde Business Center, a 37,318-square-foot industrial park located in Southern California in Laguna Hills. Terms of the transaction were not released. Jeff Carr, Anthony DeLorenzo and Mark Shaffer of CBRE represented the buyer and undisclosed seller in the deal. At the time of sale, the three-building Alcalde Business Center was 94 percent leased to multiple tenants. The buyer plans to reposition the park to serve continued demand from the small-bay industrial users in South Orange County, Calif.

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AcquisitionsColoradoRetailWestern

The Boulder Group Arranges $1.7M Sale of Single-Tenant Retail Building in Gypsum, Colorado

by Amy Works

GYPSUM, COLO. — The Boulder Group had arranged the $1.7 million sale of a single-tenant retail building located at 770 Red Table Drive in Gypsum. A Colorado-based private investor sold the property, which is occupied by Family Dollar, to a Colorado-based 1031 exchange investor in an all-cash transaction. Zach Wright and Brandon Wright of The Boulder Group represented the seller in the deal.

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