Saturday, February 7, 2026
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AcquisitionsGeorgiaMultifamilySoutheast

FCP Acquires Multifamily Community in Southwest Atlanta for $23.2M

by Alex Tostado

ATLANTA — FCP has acquired Ashford at Spring Lake, a 180-unit multifamily community in southwest Atlanta, for $23.2 million. The property offers one-, two- and three-bedroom floor plans. Communal amenities include a clubhouse, playground, fitness center and a swimming pool. The complex is located at 6200 Bakers Ferry Road, 13 miles west of downtown Atlanta. Pinnacle Management, which manages 17 communities for FCP throughout the Southeast, will manage Ashford at Spring Lake. Matt White, Andrew Mays and Paul Vetter of Berkadia represented the undisclosed seller in the transaction.

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AcquisitionsAlabamaRetailSoutheast

Marcus & Millichap Arranges $15.7M Sale of Walmart-Anchored Shopping Center Near Birmingham

by Alex Tostado

SYLACAUGA, ALA. — Marcus & Millichap has arranged the $15.7 million sale of Payton Park, a 231,820-square-foot retail center in Sylacauga. Walmart Supercenter anchors the property, which also includes tenants such as Burkes Outlet, CATO, Shoe Show and Sally Beauty. The center is located at 41301 U.S. Highway 280, 45 miles southwest of downtown Birmingham. Zach Taylor, Andrew Margulies and Don McMinn of Marcus & Millichap represented the seller, an affiliate of Brixmor Property Group, in the transaction. The buyer was Chattanooga, Tenn.-based Rise Partners.

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AcquisitionsNorth CarolinaRetailSoutheast

RCG Ventures Sells Retail Center in Central North Carolina for $15.2M

by Alex Tostado

GOLDSBORO, N.C. — RCG Ventures LLC has sold Ashley Plaza, a 160,356-square-foot retail center in Goldsboro, for $15.2 million. Hobby Lobby anchors the property, which was 98 percent leased at the time of sale to tenants including Planet Fitness, Ashley Furniture HomeStore, Harbor Freight Tools, Shoe Show, Chuck E. Cheese and Smart Repair Center. Ashley Plaza is located at 201 N. Berkeley Blvd., adjacent to Seymour Johnson Air Force Base and about 60 miles east of downtown Raleigh. Thomas Kolarczyk and Jim Hamilton of JLL represented the seller in the transaction. The buyer was Medalist Diversified REIT Inc., an investment and management firm based in Richmond that specializes in value-add real estate.

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DevelopmentIndustrialTexas

Conn’s HomePlus Opens 656,658 SF Distribution Center in Houston

by Taylor Williams

HOUSTON — Conn’s HomePlus, a Houston-based home furnishing and electronics store, has opened its 656,658-square-foot distribution center in Houston. The center will serve 45 of the company’s 130 stores nationwide, and Conn’s will consolidate its existing warehouse and distribution operations in Houston into the new building. In 2019, Conn’s HomePlus has opened six showrooms in Texas, with plans to open an additional three in the state through the end of the year.

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DevelopmentIndustrialTexas

Cadence McShane Breaks Ground on 279,632 SF Industrial Project in Metro Houston

by Taylor Williams

HUMBLE, TEXAS — General contractor Cadence McShane has broken ground on Parc Air 59, a 279,632-square-foot industrial project in Humble, a northern suburb of Houston. Jackson-Shaw is developing the two-building project, which will consist of an 83,436-square-foot building with 28-foot clear heights and a 196,196-square-foot building with 32-foot clear heights. The buildings will also feature 150 and 245 parking spaces, respectively. Completion is slated for April 2020.

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AcquisitionsMultifamilyTexas

Greysteel Brokers Sale of 172-Unit Apartment Community in Dallas

by Taylor Williams

DALLAS — Greysteel has brokered the sale of Royal Lane, a 172-unit multifamily community in Dallas. Built in 1966, the property offers one-, two- and three-bedroom units averaging 807 square feet and amenities such as a playground and onsite laundry facilities. Doug Banerjee and Scott Simon of Greysteel represented the undisclosed seller, which previously upgraded the property’s flooring, lighting and cabinets, in the transaction. The duo also procured the buyer.

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LoansMultifamilyTexas

Dougherty Originates Acquisition Loan for 168-Unit Apartment Community Near Fort Worth

by Taylor Williams

BEDFORD, TEXAS — Dougherty Mortgage has originated an undisclosed amount of Fannie Mae acquisition financing for Waters Park Luxury Apartments, a 168-unit multifamily community in Bedford, located northeast of Fort Worth. The pet-friendly property offers one-, two- and three-bedroom floor plans and amenities such as a pool, fitness center and pet park. Dougherty originated the loan, which carried a 12-year term and a 30-year amortization schedule, through a partnership with Old Capital Lending. The borrower was not disclosed.

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IndustrialLeasing ActivityTexas

NAI Partners Negotiates 49,911 SF Industrial Lease in Houston

by Taylor Williams

HOUSTON — NAI Partners has negotiated a 49,911-square-foot industrial leased at 3401 Navigation Blvd. in Houston for CRI Inc., a locally based furniture installation company. Michael Keegan and John Ferruzzo of NAI Partners represented the tenant in the lease negotiations. Bob Berry and Grant Hortenstine of Avison Young represented the landlord, Stonelake Capital Partners LLC.

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The-Dime-New-York
DevelopmentMixed-UseNew YorkNortheast

Charney, Tavros Near Completion of 350,000 SF Mixed-Use Tower in Brooklyn

by Alex Patton

NEW YORK CITY — A partnership between Charney Construction & Development and Tavros Holdings is nearing completion of The Dime, a 350,000-square-foot mixed-use project in Brooklyn. The tower incorporates the Dime Savings Bank building, originally constructed in 1908, into a mixed-use development featuring 177 residential units, more than 100,000 square feet of office space and 50,000 square feet of ground-floor retail space. Amenities include an acre of outdoor space, a basketball court and a 10,000-square-foot rock climbing gym recently leased by MetroRock. Fogarty Finger is the architect of the project.

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AcquisitionsIndustrialNew YorkNortheast

Seagis Acquires Two Industrial Properties Totaling 101,000 SF in New York City

by Alex Patton

NEW YORK CITY — Seagis Property Group has acquired two industrial properties totaling 101,000 square feet in New York City. The first property, a 75,000-square-foot warehouse in Queens, features 25-foot ceiling heights and 19 exterior loading docks and has been re-tenanted. The second property, a 26,000-square-foot warehouse, features a 5,000-square-foot secured yard and is fully occupied. The sellers and sales prices were undisclosed.

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