Wednesday, June 18, 2025
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AcquisitionsFloridaIndustrialSoutheast

Graham Capital Acquires Three Warehouse Buildings in Jacksonville’s Westside Submarket

by Julia Sanders

JACKSONVILLE, FLA. — Newtown Square, Penn.-based Graham Capital has acquired three fully leased warehouse buildings in Jacksonville’s Westside submarket. Mark Scott of Foundry Commercial represented Graham Capital in the transactions. The sales price and seller were not disclosed. The first warehouse property spans 216,000 square feet and is located at 1550 N Ellis Road. The other two properties are located at 7051 Stuart Ave. and 6982 Highway Ave. and total 153,625 square feet. All three buildings are located close to Interstate 10 and Interstate 295.

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ArkansasCompany NewsRetailSoutheast

Walmart to Hire 20,000 New Supply Chain Employees Following Revenue Growth in Fiscal Second Quarter 2021

by Julia Sanders

BENTONVILLE, ARK. — Walmart Inc. plans to hire 20,000 more supply chain employees in order to keep up with the retailer’s recent growth. Walmart released a statement a few weeks ago saying that the company saw an increase in revenue by 2.4 percent year-over-year in its fiscal second quarter of 2021, which ended on July 31. The new employees will be hired across more than 250 Walmart and Sam’s Club distribution centers, fulfillment centers and transportation offices. The Bentonville, Ark.-based retailer will offer job roles including order fillers, freight handlers, lift drivers, technicians and management positions. The roles will be on a permanent basis and the new employees will be hired for both full-time and part-time positions. The average wage for the supply chain positions is $20.37 per hour. For new employees, Walmart has opened six new Walmart Academies, which have been established to train associates with both classroom and floor training in specialized supply chain skills, as well as soft skills such as leadership and communications. During the company’s fiscal year in 2021, 5,900 employees were trained via the Walmart U.S. Supply Chain Academy. In July 2021, the national discount retailer also announced that it will invest about $1 …

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Conns
AcquisitionsAlabamaRetailSoutheast

SRS Arranges $4.7M Sale of Conn’s HomePlus-Occupied Retail Property in Montgomery

by Julia Sanders

MONTGOMERY, ALA. — SRS Real Estate Partners’ National Net Lease Group has arranged the $4.7 million sale of a 43,441-square-foot, single-tenant retail property occupied by Conn’s HomePlus in Montgomery. Conn’s Inc., a Texas-based furniture, mattress, electronics and appliance retailer, has eight years left on its lease at the Montgomery location. Located at 2424 Eastern Blvd., the store was built in 1997 and renovated in 2019. The property is situated on 5.3 acres within the Promenade Montgomery and Promenade Montgomery North community centers, which feature more than 270,000 square feet of retail space. Retailers at these centers include The Home Depot, Harbor Freight Tools, Winn-Dixie and Dollar Tree. Matthew Mousavi, Patrick Luther, Kyle Stonis and Pierce Mayson of SRS represented the seller, a Southeast-based shopping center owner and operator, as well as the buyer, a California-based private investor.

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LoansMidwestMultifamilyOhio

PCCP Provides $31M Bridge Loan for Refinancing of Apartment Complex in Columbus

by Kristin Harlow

COLUMBUS, OHIO — PCCP has provided a $31 million bridge loan for the refinancing of The Residences at the Sutton in Columbus. The newly built, 100-unit apartment complex is located in the Short North Arts District. Floor plans range from studios to two-bedrooms. Amenities include a courtyard, fitness center, yoga room and resident lounge. Columbus-based developer, owner and operator The Pizzuti Cos. was the borrower.

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AcquisitionsMidwestMinnesotaMultifamily

Kentaurus Capital Acquires 80-Unit Multifamily Property in Suburban Twin Cities

by Kristin Harlow

BROOKLYN CENTER, MINN. — Kentaurus Capital has acquired Evergreen Park Manor, an 80-unit multifamily property in the Twin Cities suburb of Brooklyn Center. The purchase price was undisclosed. Completed in 1980, the property consists of four buildings. Recent upgrades include new flooring, trim, appliances, backsplashes and fixtures. Drew Rafshol and Ted Abramson of CBRE Minneapolis Multifamily represented the seller, ASK Properties.

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AcquisitionsIndianaMidwestRetail

Ziff Real Estate Partners Buys Fishers Crossing Shopping Center in Suburban Indianapolis

by Kristin Harlow

FISHERS, IND. — Ziff Real Estate Partners has purchased Fishers Crossing in the Indianapolis suburb of Fishers for an undisclosed price. The 29,569-square-foot retail center was fully occupied at the time of sale. Tenants include Pet Supplies Plus, Great Clips and Papa John’s. A recently renovated Kroger store shadow-anchors the property. This is the second retail center that Ziff has acquired in the Indianapolis area.

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AcquisitionsMichiganMidwestRetail

Quantum Arranges Sale of OptimEyes-Leased Building in Southfield, Michigan

by Kristin Harlow

SOUTHFIELD, MICH. — Quantum Real Estate Advisors Inc. has arranged the sale of a single-tenant retail building occupied by OptimEyes in Southfield for an undisclosed price. The property is located at 29350 Southfield Road. Daniel Waszak of Quantum represented the seller, an Illinois-based investor. Jason Caplan of Quantum represented the buyer, a New Jersey-based investment fund.

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AcquisitionsIllinoisIndustrialMidwest

Brown Commercial Group Negotiates Sale of 20,362 SF Industrial Building in Lisle, Illinois

by Kristin Harlow

LISLE, ILL. — Brown Commercial Group has negotiated the sale of a 20,362-square-foot industrial building in Lisle, a western suburb of Chicago. The sales price was undisclosed. Located at 1808 Ogden Ave., the property includes 8,840 square feet of warehouse space, 6,953 square feet of production space, 4,360 square feet of office space and 80 parking stalls. Mike Antonelli of Brown represented the seller, a private trust. Anthony Ciaravino of Cushman & Wakefield represented the buyer, Gator Chef, a supplier of new and used restaurant equipment.

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Bellrock-Summer-Street-Houston
AcquisitionsLoansMultifamilyTexas

Bellrock Real Estate Buys 375-Unit Apartment Community in Houston

by Taylor Williams

HOUSTON — Bellrock Real Estate Partners has purchased Broadstone Summer Street, a 375-unit apartment community in Houston. Built in 2019, the property features stainless steel appliances, quartz countertops, walk-in closets, individual washers and dryers and private patios/balconies in select units. Amenities include a pool, fitness center, game room, resident lounge, theater room, pet park, outdoor grilling stations and a rooftop terrace. Hank Glasgow and Braden Harmon of Newmark arranged a $64.7 million floating-rate acquisition loan on behalf of the new ownership through a fund sponsored by CBRE Global Investors. The new ownership will rebrand the property as Bellrock Summer Street. The seller was not disclosed, but Broadstone is a brand of Houston-based Alliance Residential.

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AcquisitionsIndustrialSelf-StorageTexas

Bellomy Negotiates Sale of 321-Unit Self-Storage Facility in Seguin, Texas

by Taylor Williams

SEGUIN, TEXAS — Bellomy & Co., a self-storage brokerage firm based in Austin and Houston, has negotiated the sale of K2 Storage, a 321-unit facility located about 35 miles northeast of Austin in Seguin. The property spans 53,650 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Texas-based seller, KTCK2 Management LLC, in the transaction. The duo also procured the New York-based buyer, an entity doing business as AGAP Seguin Lettau LLC.

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