Friday, April 3, 2026
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Academy Sports MS
AcquisitionsMississippiRetailSoutheast

SRS Brokers $9.4M Sale of Single-Tenant Retail Property Leased to Academy Sports in Madison, Mississippi

by Abby Cox

MADISON, MISS. — SRS Real Estate Partners has brokered the $9.4 million sale of a single-tenant retail property leased to Academy Sports + Outdoors located in Madison, about 15 miles north of Jackson. Michael Berk, Patrick Nutt and Chip Watson of SRS represented the Louisiana-based private seller. The buyer was a publicly traded REIT. Both parties requested anonymity. Built in 2017 on about 7 acres, Academy Sports occupies a 64,626-square-foot building on a corporate-guaranteed lease with eight years remaining. Nearby retailers include Lowe’s Home Improvement, Office Depot, Walmart Supercenter and The Home Depot, among others.

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LoansMultifamilySoutheastVirginia

Middleburg, HGI Secure Construction Financing for 299-Unit Multifamily Development in Richmond

by Abby Cox

RICHMOND, VA. — A joint venture between Northern Virginia-based developer Middleburg and affiliates of Harbor Group International (HGI) has secured construction financing for Scottwood, a 299-unit multifamily development located at 4400 W. Broad St. in Richmond. Truist Bank provided an undisclosed amount of financing for the project. Construction is set to commence this month, with initial deliveries anticipated in late 2027.  Situated just west of the city’s Scott’s Addition District near Topgolf Richmond, Scottwood will span two four-story buildings, one with 132 units and the other with 167, as reported by Richmond BizSense. Additionally, the project will feature curated courtyards throughout the property and activated amenity spaces along West Broad Street.

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155-N-400-West-SLC-UT
AcquisitionsOfficeUtahWestern

KBS Sells 210,938 SF Salt Lake Hardware Building in Downtown Salt Lake City

by Amy Works

SALT LAKE CITY — KBS has completed the sale of the Salt Lake Hardware Building, a historic office building located at 155 N. 400 West in downtown Salt Lake City, to Dart Interests for an undisclosed price. The five-story Salt Lake Hardware Building was owned by KBS Real Estate Investment Trust III, part of KBS’ portfolio of funds and separate accounts. Originally constructed in 1909 as a hardware retail property, the 210,938-square-foot building was converted into a Class A creative office property. The site also includes 2.4 acres of land zoned for mixed-use, providing future development potential for approximately 340 or more residential units.During its ownership, KBS has invested more than $9 million in capital improvements, enhancing tenant and common areas, amenities and building systems to support long-term performance and positioning. Charley Will, Phil Brierley, Patrick Bodnar and Cole Macadaeg of CBRE represented KBS in the sale. Attorneys Bruce Fischer and Howard Chu of Greenberg Traurig LLP represented KBS in the disposition.

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Gateway-Quads-Mesa-AZ
ArizonaIndustrialLoansWestern

Gantry Secures $18M in Financing for Gateway Quads Industrial Property in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Gantry has secured an $18 million permanent loan as construction takeout financing following the development and lease-up of Gateway Quads, an industrial park in Mesa. Located at 8150 E. Germann Road, the four-building, multi-tenant asset features 122,720 leasable square feet. The 30,680-square-foot buildings are each divisible to 7,600 square feet with 24-foot clear heights, truck well and grade-level loading, 1,200 amps of 480V and secured by 180-foot truck courts. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. The 10-year, nonrecourse, fixed-rate loan was provided by one of Gantry’s correspondent insurance company lenders. The loan features partial-term interest-only payments transitioning to 30-year amortization. Gantry will service the loan for its correspondent.

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39112-39228-10th-St-W-Palmdale-CA
AcquisitionsCaliforniaRetailWestern

SRS Real Estate Partners Brokers $13.5M Sale of Two-Tenant Retail Property in Palmdale, California

by Amy Works

PALMDALE, CALIF. — SRS Real Estate Partners has arranged the sale of a two-tenant retail property located at 39112-39228 10th St. West in Palmdale. A family office sold the asset to a Southern California-based private investor for $13.5 million. Smart & Final and Barnes & Noble occupy the 58,652-square-foot property. Built in 1999 on 4.1 acres, the property is situated within Palmdale Marketplace, a 214,000-square-foot power center. Matthew Mousavi and Patrick Luther of SRS Capital Markets represented the seller in the transaction.

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Washington-Center-Denver-CO
AcquisitionsColoradoRetailWestern

JLL Arranges $10.2M Sale of Washington Center Retail Property in Denver

by Amy Works

DENVER — JLL Capital Markets has arranged the sale of Washington Center, a shopping center located at 812-858 E. 120th Ave. and 11874-11890 Washington St. in Denver. Northglenn LLC sold the property to a local investment firm for $10.3 million. At the time of sale, the 50,445-square-foot center was 92 percent leased with 19 tenants across 21 suites. Current tenants include CSL Plasma, Smashburger, Subway and established local businesses. Jason Schmidt and Austin Snedden of JLL represented the seller in the transaction. Rob Bova of JLL arranged a fixed-rate loan from a bank for the buyer.

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AcquisitionsIndianaIndustrialMidwest

Colliers Brokers Sale of 554,228 SF Distribution Facility in Greenfield, Indiana

by Kristin Harlow

GREENFIELD, IND. — Colliers has brokered the sale of 70 Connect II, a 554,228-square-foot distribution facility in Greenfield within the Indianapolis Mount Comfort submarket. Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse, Tyler Ziebel, Cam Kucic and Korey Ryan of Colliers represented the seller, Lauth Group Inc. Delivered in 2022, the property is fully leased to Yusen Logistics, a global third-party logistics provider and wholly owned subsidiary of Nippon Yusen Kabushiki Kaisha. The facility features a clear height of 36 feet, 60 dock-high doors, four drive-in doors, a 140-foot truck court and trailer and automobile parking. The buyer was Hillwood.

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AcquisitionsIllinoisMidwestMultifamily

Eastham Capital, Bender Cos. Acquire Multifamily Community in Metro Chicago for $30.4M

by Kristin Harlow

RICHTON PARK, ILL. — Eastham Capital and its operating partner Bender Cos. have acquired Park Towers Apartment Homes in Richton Park for $30.4 million. The 270-unit multifamily community is situated in Cook County. Park Towers is currently 94 percent occupied with average rents of $1,531 per month. The buyers plan to invest over $2.2 million focused on property infrastructure and exterior upgrades. Built in 1974, the property features floor plans ranging from 770 to 910 square feet. Amenities include a fitness center, business center, onsite laundry facilities, a putting green, outdoor games and a playground. To date, Eastham and Bender have co-invested in 13 projects.

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IowaLeasing ActivityMidwestOffice

Samsung Expands in Cedar Rapids, Joins Kingston Yard Tech Cluster

by Kristin Harlow

CEDAR RAPIDS, IOWA — Samsung Electronics will relocate within Cedar Rapids and expand its research and development operations. The company has been conducting ongoing testing on GPS location software at its current location off Collins Road. Samsung joins a growing list of businesses selecting the emerging Kingston Yard district of downtown Cedar Rapids. Notable recent additions include Big Grove Brewery & Taproom and Pickle Palace, as well as the future opening of the AC Hotel by Marriott. The Cedar Rapids Metro Economic Alliance and the City of Cedar Rapids worked together to assist Samsung’s growth in the city.

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