Property Type

421-Alakawa-St-Honolulu-HI

HONOLULU — Benderson Development has entered the Hawaiian market with the purchase of a retail property, currently occupied by The Home Depot, in Honolulu. Terms of the transaction were not released. Located at 421 Alakawa St., the asset consists of a 130,000-square-foot building and an adjoining two-story parking structure with more than 600 stalls. Based in Sarasota, Fla., Benderson Development is a privately held, family-owned real estate company with more than 1,000 properties totaling over 58 million square feet across 41 states.

FacebookTwitterLinkedinEmail

HAMILTON AND ROBBINSVILLE, N.J. — Brooklyn-based development and investment firm MORVAY is nearing completion of two industrial projects totaling 113,000 square feet in Central New Jersey. Purveyor Kuser and Purveyor North Gold are both shallow-bay projects and are located in Hamilton and Robbinsville, respectively, that MORVAY acquired in June 2025 from an institutional owner that had secured approvals before shifting its focus toward larger-scale opportunities. Both projects are expected to be complete before the end of the year.

FacebookTwitterLinkedinEmail
2520-E-Rose-Garden-Ln-Phoenix-AZ

PHOENIX — DAUM Commercial Real Estate Services has negotiated the sale of a freestanding industrial building located at 2520 E. Rose Garden Lane in Phoenix. A private Taiwanese investment company acquired the asset from a privately held California company for $10.6 million. Situated in Phoenix’s Deer Valley submarket, the property offers 43,338 square feet of single-tenant industrial space, including 6,500 square feet of office space. Both the office and manufacturing areas are fully air conditioned. The building features a clear height of 18 feet, two dock-high loading doors and one ground-level loading door. Trevor McKendry, Chris Rogers, Parker Houston, Nick Reinhardt, Beau Citron and Nick Fajardo of DAUM represented the seller and procured the buyer in the off-market transaction.

FacebookTwitterLinkedinEmail
4335-Pacific-St-Rocklin-CA

ROCKLIN, CALIF. — Marcus & Millichap has arranged the purchase of an industrial property located at 4335 Pacific St. in Rocklin. Dees Burke Engineering Constructors acquired the asset from Kurt Steil, a private investor, for $8.2 million, or $202.67 per square foot. Edward Nelson and Eddie Nelson II of Marcus & Millichap represented the buyer, while Nathan Ballard of Keegan & Coppin and Rick Phillips of Gallelli Real Estate represented the seller in the deal. Built in 1984 on 2.9 acres, the property features 40,460 square feet of industrial space. The buyer plans to occupy all but 5,000 square feet of the property, which is currently leased to McCafferty’s Automotive.

FacebookTwitterLinkedinEmail

PORTSMOUTH, N.H. — Lee & Associates has arranged $5.5 million in financing for an 11,000-square-foot retail strip center in Portsmouth, located near the Maine-New Hampshire border. The building at 1303 Woodbury Ave. previously housed a Rite-Aid, and the undisclosed borrower plans to redevelop the building into a medical office facility. Dave Carswell and Ryan Fitzpatrick of Lee & Associates arranged the debt through First Tech Federal Credit Union. The duo originated the financing in conjunction with a $5 million acquisition loan for a retail strip center in Rumford, Rhode Island.

FacebookTwitterLinkedinEmail

MIDDLETOWN, CONN. — Colliers has brokered the sale of a 32,000-square-foot industrial building in Middletown, a southern suburb of Hartford. The building sits on a 3.5-acre site at 2303 S. Main St. and features a clear height of 20 feet. Philip Gagnon of Colliers represented the undisclosed buyer in the transaction. Yalesville Properties sold the building for an undisclosed price. 

FacebookTwitterLinkedinEmail

ALPHARETTA, GA. — Lincoln Property Co. has acquired a 10-property industrial portfolio in Alpharetta, a northern suburb of Atlanta. The seller and sales price were not disclosed. The properties within the approximately 1.1 million-square-foot portfolio were built between 1995 and 2000 and feature 18- to 23-foot clear heights, truck courts and roughly 24 percent office finishes. The portfolio, which was fully leased at the time of sale to 21 tenants, represents the fourth acquisition for the Lincoln Logistics Fund II.

FacebookTwitterLinkedinEmail

GAINESVILLE, FLA. — 908 Group has broken ground on Chapter House UF, a 684-bed student housing development located at 920 S.W. Depot Ave. in Gainesville near the University of Florida campus. The project is being developed in partnership with Batson-Cook Development Co. and an undisclosed, Fortune 100 insurance company. The community will offer 219 units alongside 9,000 square feet of shared amenity space. The development team includes ARCO/Murray, Humphreys & Partners Architects and NV5. Pacific Life provided an undisclosed amount of construction financing. Asset Living has been tapped to manage Chapter House UF upon completion, which is scheduled for summer 2028.

FacebookTwitterLinkedinEmail

GREENVILLE, S.C. — Canyon Partners Real Estate LLC has provided a $48 million loan for the refinancing of NorthPointe Apartments, a 286-unit community in Greenville. Walker & Dunlop’s Capital Markets Real Estate Finance team arranged the loan on behalf of the borrower, a joint venture between ECI Group and Central Realty Holdings. Built in 2021, NorthPointe features 21,400 square feet of ground-floor retail space, 597 structured parking spaces, a resort-style pool, 24-hour fitness center and a community room with a full kitchen and outdoor fireplaces.

FacebookTwitterLinkedinEmail

LOXLEY, ALA. — Marcus & Millichap’s Taylor McMinn Retail Group has negotiated the sale of a newly constructed gas station and convenience store in Loxley, an eastern suburb of Mobile, Ala. Wawa occupies the retail property on a 20-year lease that features 7 percent rental increases starting in year 11 of the initial term and extension options. An investor purchased the property for an undisclosed price in a 1031 exchange all-cash from an Alabama-based development firm. Both parties requested anonymity. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the transaction. “This marks our third Wawa closing in Alabama,” says McMinn. “As the third brokerage team engaged to market the property, we drew on our platform’s reach and extensive investor network to bring the transaction to a successful close at 97 percent of list price despite challenging market conditions.”

FacebookTwitterLinkedinEmail