Wednesday, August 26, 2026
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AcquisitionsDistrict of ColumbiaOfficeSoutheast

WashREIT Completes $129.5M Sale of 1776 G Street Office Building in D.C. to World Bank

by Alex Tostado

WASHINGTON, D.C. — Washington Real Estate Investment Trust (WashREIT) has sold 1776 G St. for $129.5 million to World Bank Group, an international financial institution that makes loans to developing nations. According to LoopNet Inc., the office building was built in 1979, spans 266,000 square feet and is located one block from the White House. World Bank’s headquarters is located at 1818 H St. NW, which is kitty-corner to 1776 G St. World Bank has operated out of 1776 G St. for over 30 years and is currently the building’s sole office tenant.

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AcquisitionsGeorgiaMultifamilySoutheast

Black Creek Purchases New Multifamily Community in Atlanta’s Central Perimeter District for $117M

by Alex Tostado

SANDY SPRINGS, GA. — Denver-based Black Creek Group has purchased Hanover Perimeter from developer Hanover Co. for $117 million. The 384-unit multifamily property is located at 1110 Hammond Drive in Sandy Springs, a suburb of Atlanta in the city’s Central Perimeter submarket. The units were 96 percent occupied at the time of sale. Walker & Dunlop’s Pat Jones represented Black Creek in the transaction. Built in 2018, Hanover Place features a fitness center, pool, grilling areas, pet care station and a clubhouse equipped with billiards and a TV lounge. The property has nearby access to restaurants, retail and a Publix grocery store. It is also adjacent to Interstate 285, Ga. Highway 400 and the MARTA Dunwoody Station.

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AcquisitionsOfficeSoutheastTennessee

Security Properties, Pacific Life Buy Broadstone Gulch in Nashville for $80.8M

by Alex Tostado

NASHVILLE, TENN. — Seattle-based Security Properties and Newport Beach, Calif.-based Pacific Life Insurance Co. have purchased Broadstone Gulch, a new, 238-unit multifamily property located in Nashville’s Gulch district, for $80.8 million. Located at 803 Division St., Broadstone Gulch offers a fitness center, rooftop lounge, pool, demonstration kitchen, package access system, office space, a pet spa and Google Fiber. The building is a half-mile walk from Music City Center in the Nashville’s south of Broadway (SoBro) neighborhood. Security Properties-affiliate Security Properties Residential will manage the property. Walker & Dunlop’s Telly Fathaly and Kris Mikkelsen represented the seller and developer, Alliance Residential.

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AcquisitionsNorth CarolinaOfficeSoutheast

Mohr Capital Sells University Highlands Office Building in Charlotte to CIM Group

by Alex Tostado

CHARLOTTE, N.C. — Mohr Capital, a privately held REIT based in Dallas, has sold the University Highlands office building located at 10330 David Taylor Drive in Charlotte to Los Angeles-based CIM Group. Mohr Capital acquired the 100,000-square-foot facility on a speculative basis in 2017 then completed capital improvements before securing a single, long-term tenant, United Rentals Inc., earlier this year. Stamford, Conn.-based United Rentals is an equipment rental company that specializes in construction and industrial rentals. Mohr Capital’s Gary Horn and Bob Mohr handled the sale internally. The sales price was not disclosed.

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AcquisitionsFloridaRetailSoutheast

Franklin Street Brokers $8.3M Sale of Regency Point Retail Center in Jacksonville

by Alex Tostado

JACKSONVILLE, FLA. — Franklin Street has brokered the $8.3 million sale of Regency Point, a 51,381-square-foot retail center located at 9430 Arlington Expressway on the east side of Jacksonville. Franklin Street’s Bryan Belk and John Tennant represented the seller, Phoenix-based Sand Capital, in the transaction. The buyer, which plans to hold the property long-term, is a Jacksonville-based private investor. Built in 1981, the Regency Point shopping center includes tenants such as Skechers, Foot Locker, Champs Sports, Wingstop and T-Mobile. Recent capital improvements to the shopping center include the façade, parking lot and property lighting. Regency Point is situated across the street from Regency Square Mall.

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AcquisitionsIndustrialTexas

Sealy & Co. Acquires 1.6 MSF Industrial Portfolio in Dallas

by Taylor Williams

DALLAS — Locally based investment firm Sealy & Co. has acquired a portfolio of 19 light industrial buildings totaling 1.6 million square feet in Dallas. The portfolio was 97 percent leased at the time of sale. Randy Baird of CBRE worked with Scott Sealy Jr., Jason Gandy and Tom Herter of Sealy & Co. to broker the deal, the seller in which was not disclosed. The acquisition is the largest in company history and follows Sealy’s $908 million disposition of a 16.3 million-square-foot industrial portfolio earlier this month.

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DevelopmentMultifamilyOklahomaTexas

Hines to Develop 325-Unit Apartment Community in Oklahoma City’s Nichols Hills District

by Taylor Williams

OKLAHOMA CITY — Hines will develop The Residences at Classen Curve, a 325-unit apartment community that will be located in the Nichols Hills submarket of Oklahoma City. Designed by Dwell Design Studio, the project will be situated adjacent to a retail center that houses a Whole Foods Market and Trader Joe’s. Units will average roughly 900 square feet and amenities will include a pool, fitness center, coworking lounge, package facilities, courtyards and a resident clubroom. Construction is slated to begin in 2020, and the first units are expected to be available for occupancy in late 2021.

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DevelopmentIndustrialTexas

IDV Acquires Land for New Industrial Park in Houston

by Taylor Williams

HOUSTON — Houston-based Investment & Development Ventures LLC (IDV) is has acquired land for the development of a new industrial park in Houston. The development spans 214 acres with nearly a mile of frontage along Beltway 8 on the city’s south side. Dave Ramsey and Brad Elmore of Houston-based NewQuest Properties represented the seller in the land disposition.

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DevelopmentHospitalityTexas

NewcrestImage Opens 91-Room Hyatt Place Hotel in Amarillo

by Taylor Williams

AMARILLO, TEXAS — Dallas-based hospitality developer NewcrestImage has opened a 91-room Hyatt Place in Amarillo. The hotel is located in the city’s medical district and is part of the company’s hotel campus that also features a 90-room Tru by Hilton and a 90-room Aloft by Marriott. The Tru by Hilton hotel opened in August 2018, and construction of the Aloft hotel is scheduled to begin in mid-2020.

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IndustrialLeasing ActivityTexas

NAI Partners Negotiates 15,300 SF Industrial Lease in South Houston

by Taylor Williams

HOUSTON — NAI Partners has negotiated a 15,300-square-foot industrial lease at 4318 Bluebonnet Drive in south Houston for Lake Management Services, which specializes in construction and maintenance of lakes and ponds. Jake Wilkinson and Chris Caudill of NAI Partners represented the tenant in the lease negotiations. Clay Pritchett, also with NAI Partners, represented the landlord, Martinez A&M Investments.

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