Saturday, February 7, 2026
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AcquisitionsNorth CarolinaRetailSouth CarolinaSoutheast

IPA Arranges Portfolio Sale of Five Food Lion-Anchored Shopping Centers in the Carolinas

by John Nelson

RALEIGH, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a five-property portfolio of Food Lion-anchored shopping centers in the Carolinas. The assets span 248,030 square feet and include College Lakes Plaza in Fayetteville, N.C.; Eden Centre in Eden, N.C.; Kimberly Park in Carthage, N.C.; Kris Krossing in Conway, S.C.; and West Pointe Village Asheboro, N.C. Raleigh-based Genesis Properties purchased the portfolio from Richmond-based Capital Square for an undisclosed price. Dean Zang and David Crotts of IPA, along with Zach Taylor of Marcus & Millichap, represented the seller and procured the buyer in the transaction. Ben Yelm and Donald Gilchrist served as Marcus & Millichap’s brokers of record in South Carolina and North Carolina, respectively, in the deal.

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DevelopmentIndustrialMarylandSoutheast

Logistics Property Co. Breaks Ground on 270,000 SF Industrial Development in Beltsville, Maryland

by John Nelson

BELTSVILLE, MD. — Logistics Property Co. (LogiPropCo) has broken ground on Beltsville Logistics Center, a two-building, 270,000-square-foot industrial development in the Washington, D.C., suburb of Beltsville. The property is situated on Md. Route 200 and has immediate access to I-95. Building 1 at Beltsville Logistics Center will total 147,358 square feet and Building 2 will total 122,606 square feet. Both buildings will feature 32-foot clear heights, ample dock doors and auto parking spaces. The design-build team includes FCL Builders (general contractor), Powers Brown Architecture (architect), LJB Engineering (structural engineer) and Salas O’Brien (MEP engineer). LogiPropCo expects to deliver the development in third-quarter 2026.

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AcquisitionsFloridaIndustrialSoutheast

Buligo Capital Acquires Sarasota Industrial Business Center for $27.4M

by John Nelson

SARASOTA, FLA. — Buligo Capital has purchased Sarasota Industrial Business Center in southwest Florida for $27.4 million. The park includes five industrial parcels totaling over 186,650 square feet of shallow-bay industrial space, as well as 1.1 acres of industrial outdoor storage (IOS) and laydown yard. Nick DeVito II and Brie Tulp of Ian Black Real Estate represented the seller, GBA Holdings, a joint venture between Biscayne Atlantic and Genet Property Group, in the transaction. The brokers also procured the undisclosed buyer. Biscayne Atlantic purchased the park in 2023 and invested $1.3 million in capital improvements. Sarasota Industrial Business Center, which is located on Industrial Boulevard with access to U.S. Route 301 and I-75, was 85 percent leased at the time of sale.

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AcquisitionsHospitalitySoutheastTennessee

Hunter Brokers Sale of 195-Room Crowne Plaza Hotel in Downtown Knoxville

by John Nelson

KNOXVILLE, TENN. — Atlanta-based Hunter Hotel Advisors has brokered the sale of Crowne Plaza Knoxville Downtown University, a 195-room hotel located in downtown Knoxville. The property is situated near the Tennessee Valley Authority headquarters and Market Square and within walking distance to the University of Tennessee. Crowne Plaza features more than 15,000 square feet of meeting space, an indoor pool, business center, fitness center and Mahogany’s, a full-service restaurant. Local hotel owner, The 9 Group, purchased the property from a private seller for an undisclosed amount. Tim Osborne of Hunter’s Chattanooga office brokered the transaction.

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345-N-Pekin-Rd-Woodland-WA
DevelopmentIndustrialWashingtonWestern

TCC Breaks Ground on 931,186 SF Woodland Industrial Park in Southern Washington

by Amy Works

WOODLAND, WASH. — Trammell Crow Co. (TCC) has broken ground on Woodland Industrial Park, a speculative development in Woodland, approximately 22 miles from Portland, Ore. Slated for delivery by fall 2026, Woodland Industrial Park will feature two buildings offering a total of 931,186 square feet of Class A space being offered for lease or sale. Situated on 66 acres at 345 N. Pekin Road, Woodland Industrial Park will include a 655,094-square-foot cross-dock warehouse with a clear height of 40 feet and 130 trailer parking stalls and a 276,092-square-foot rear-loaded building with a clear height of 36 feet and yard area that can accommodate up to 98 trailer parking stalls. Mackenzie designed the project, while Sierra Construction is serving as general contractor. Capacity Commercial Group is marketing the development.

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12520-Camino-Del-Sur-San-Diego-CA
AcquisitionsCaliforniaMultifamilyWestern

Holland Partner Group Sells 342-Unit Folia Multifamily Property in San Diego

by Amy Works

SAN DIEGO — Holland Partner Group has completed the sale of Folia, an apartment community located at 12520 Camino Del Sur in San Diego, to an undisclosed buyer in an off-market transaction. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller in the transaction. Built in 2024, Folia offers 342 one-, two- and three-bedroom apartments with stainless steel appliances, hardwood floors and in-unit washers/dryers. The community features a resort-style pool and space, a fitness center, resident clubhouse, playground and grilling and picnic areas.

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6250-6270-Caballero-Blvd-Buena-Park-CA
AcquisitionsCaliforniaIndustrialWestern

Cushman & Wakefield Arranges Sale of Two Industrial Buildings in Buena Park, California

by Amy Works

BUENA PARK, CALIF. — Cushman & Wakefield has arranged the sale of two industrial buildings at 6250 and 6270 Caballero Blvd. in Buena Park. AEW sold the assets to Elion for an undisclosed price. Totaling 274,170 square feet, the two buildings offer 24-foot clear heights, 32 dock-high doors, three ground-level doors and 13 rail doors. The properties are situated on 12 acres and offer ample parking and convenient freeway access. Jeff Chiate, Rick Ellison, Matt Leupold, Aubrie Monahan and Jeff Cole of Cushman & Wakefield represented the seller and procured the buyer in the transaction. Brian Share, Rob Rubano, Max Schafer, Brennan Vance, Niki Kretschmann and Jonathan Grotzinger of Cushman & Wakefield arranged financing on behalf of the new ownership.

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South-Tempe-Square-Tempe-AZ
ArizonaDevelopmentRetailWestern

Thompson Thrift Begins Development of 27,000 SF Retail Center Near Phoenix 

by Amy Works

TEMPE, ARIZ. — Indiana-based Thompson Thrift has broken ground on South Tempe Square, a 27,000-square-foot neighborhood shopping center located in Tempe, roughly 10 miles east of Phoenix. Nearly 75 percent of the property is preleased or under lease negotiations. Tenants who have already signed leases include BURN Total Body Conditioning, Pacific Dental, Look Lab, Luna Grill Restaurant, The Slice House by Tony Gemignani and GoodVets. A 4,500-square-foot restaurant pad and two inline retail spaces are still available for lease. A construction timeline was not disclosed.

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AcquisitionsCaliforniaIndustrialWestern

Alterra IOS Acquires 5.1-Acre Industrial Outdoor Storage Site in San Diego

by Amy Works

SAN DIEGO — Alterra IOS has purchased a 5.1.-acre industrial outdoor storage (IOS) site with 30,000 square feet of accompanying warehouse space in the Otay Mesa neighborhood of San Diego. Located at 2660 Cactus Road, the property includes designated office space and open canopies. Additionally, the property is fully leased to a national tenant in the building materials sector. Located adjacent to the United States-Mexico border, the asset offers convenient access to the region’s key domestic and international ports, highways and airports, with direct connectivity to I-5, I-8, I-805, Route 905 and Route 11. Mickey Morera of Kidder Mathews facilitated the acquisition for Alterra.

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DevelopmentIllinoisIndustrialMidwest

AbbVie Plans $195M Expansion of North Chicago Manufacturing Plant

by Kristin Harlow

NORTH CHICAGO, ILL. — AbbVie (NYSE: ABBV) has unveiled a $195 million investment to expand its North Chicago manufacturing plant to include domestic active pharmaceutical ingredient (API) production. The expansion is part of AbbVie’s previously announced commitment to invest more than $10 billion of capital in the U.S. to support innovation and expand critical manufacturing capabilities and capacity. API manufacturing involves producing the active components responsible for the therapeutic effects of medications. The new North Chicago API facility will expand AbbVie’s chemical synthesis capabilities in the U.S., supporting domestic production of current and next-generation neuroscience, immunology and oncology medicines. Construction of the new facility is slated to begin this fall, with the site projected to be fully operational in 2027. The project will expand AbbVie’s existing U.S. manufacturing footprint, which supports more than 6,000 American jobs across 11 manufacturing sites and thousands of additional jobs at suppliers around the U.S. AbbVie is headquartered in North Chicago and employs more than 11,000 people in the state that work to develop and manufacture medicines for patients worldwide.

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