Tuesday, October 7, 2025
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AcquisitionsFloridaHealthcareSoutheast

Marcus & Millichap Facilitates $23.4M Sale of Medical Office Building in Fort Walton Beach, Florida

by John Nelson

FORT WALTON BEACH, FLA. — Marcus & Millichap has facilitated the $25.4 million sale of a 46,992-square-foot, multi-tenant medical office building in the Florida Panhandle city of Fort Walton Beach. Built in 2008, the three-story property is fully occupied by Orthopaedic Associates and Surgical Specialists ASC on a 15-year triple-net lease basis. Frank Roti, Brett Rodgers and Alex Sacks of Marcus & Millichap represented the seller, Emerald Coast Diversified Properties LLC, and procured the buyer, Montecito Medical Real Estate, in the transaction. Ryan Nee served as Marcus & Millichap’s broker of record in Florida for the deal.

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AcquisitionsMarylandRetailSoutheast

Continental Realty Sells Shopping Center in Suburban Baltimore for $9.6M

by John Nelson

GLEN BURNIE, MD — Continental Realty Corp. (CRC) has sold Governors Commons, a 129,242-square-foot shopping center in suburban Baltimore, for $9.6 million. The center is situated in the Baltimore suburb of Glen Burnie at 7311 Governor Richie Highway. Dean Zang and David Crotts of Marcus & Millichap represented CRC in the transaction. The buyer was not disclosed. CRC previously sold off three outparcels at Governors Crossing, giving the total gross sales price of the shopping center $20.6 million. CRC originally acquired the property in 2019 via its Continental Realty Fund V LP for $16.2 million. Founded in 1960, CRC currently owns and manages more than 8 million square feet of retail space across 13 states.

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Sweetwater-at-Buckingham-Richardson
AcquisitionsMultifamilyTexas

DVO Real Estate Buys 312-Unit Apartment Community in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — DVO Real Estate has purchased Sweetwater at Buckingham, a 312-unit apartment community in the northeastern Dallas suburb of Richardson. The property offers one-, two- and three-bedroom units with an average size of 889 square feet. Amenities include a pool, fitness center, business center and a playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, REM Finance, in the transaction. The team also procured DVO as the buyer.

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DevelopmentFloridaLeasing ActivityMixed-UseRetailSoutheast

UHealth Signs 11,243 SF Retail Lease at Downtown Doral in Metro Miami

by John Nelson

DORAL, FLA. — Codina Partners has announced that the University of Miami health system (UHealth) will occupy an 11,243-square-foot wing at Downtown Doral, a 250-acre mixed-use community in metro Miami. The tenant is part of the property’s 25,000-square-foot retail expansion, which is located at the intersection of N.W. 87th Avenue and N.W. 53rd Terrace and will include 929 parking garage spaces. UHealth’s new facility, which will feature Bascom Palmer Eye Institute and physical therapy services, will join other tenants at the property including Sweat 440, South Miami OB/GYN Associates, Sage Dental, Muse Beauty Salon, Crema Gourmet Espresso Bar and Pura Vida. Codina plans to break ground on the retail expansion in first-quarter 2025 and wrap up construction in first-quarter 2026.

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AcquisitionsRetailTexas

Younger Partners Acquires 150,775 SF Shopping Center in Longview, Texas

by Taylor Williams

LONGVIEW, TEXAS — Dallas-based Younger Partners Investments has acquired Longview Towne Crossing, a 150,775-square-foot shopping center located about 120 miles east of Dallas. PetSmart, Five Below and Old Navy anchor the center, which was built in 2008 and was 95.6 percent leased at the time of sale. Other tenants include James Avery, Cowboy Chicken, Sport Clips, Ulta Beauty, Crumbl Cookies, Sleep Number and Lane Bryant. Development firm Weber & Co. was the seller.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 105,493 SF Office Building in West Houston

by Taylor Williams

HOUSTON — JLL has brokered the sale of Ten Plaza West, a 105,493-square-foot office building in West Houston. The six-story, recently renovated building was 76 percent leased at the time of sale to tenants in industries such as oil and gas, construction, financial services and law. Marty Hogan led the JLL team that represented the seller, Los Angeles-based Parkview Financial, in the transaction. The buyer was an undisclosed private investor.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 45,185 SF Industrial Lease Expansion in North Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated a 45,185-square-foot industrial lease expansion in North Houston. According to LoopNet Inc., the office building at 845 Greens Parkway was built in 2002 and totals 63,917 square feet. William Carpenter, Jeremy Lumbreras and Sherwood Hillyer of Stream represented the landlord, Prologis, in the lease negotiations. Justin Clark of Clark Gaines Properties represented the tenant, industrial chemicals provider Riteks Inc.

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Baker-Chocolate-Factory-Boston
AcquisitionsMassachusettsMultifamilyNortheast

CBRE Brokers Sale of 133-Unit Boston Apartment Complex

by Taylor Williams

BOSTON — CBRE has brokered the sale of a 133-unit apartment complex located in the Dorchester Lower Mills area of Boston. The site originally housed the Baker Chocolate Factory, and the building was converted to residential usage in the 1980s and subsequently renovated in 2008. Units come in studio, one- and two-bedroom floor plans and have an average size of 793 square feet. Amenities include a fitness center and a business center. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, a partnership created and operated by Makor Capital LLC, in the transaction. The team also procured the buyer, an affiliate of Wingate Multifamily LLC.

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AcquisitionsLoansMultifamilyNew JerseyNortheast

NewPoint Provides $17.7M in Acquisition Financing for Northern New Jersey Multifamily Property

by Taylor Williams

SOMERSET, N.J. — NewPoint Real Estate Capital has provided $17.7 million in bridge-to-HUD financing for the acquisition of Brentwood Park, a 77-unit multifamily property located in the Northern New Jersey community of Somerset. Built in 2023, Brentwood Park consists of two four-story buildings that house studio, one- and two-bedroom units, as well as 3,125 square feet of commercial space. Matthew Meskill of NewPoint originated the financing, which was structured with a floating interest rate and a two-year initial term, on behalf of the undisclosed buyer. Adam Zweibel of Hudson Atlantic brokered the sale.

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ConnecticutLoansNortheastRetailVermont

Cronheim Mortgage Arranges $9M Refinancing of Two New England Shopping Centers

by Taylor Williams

DERBY, VT. AND WALLINGFORD, CONN. — New Jersey-based financial intermediary Cronheim Mortgage has arranged the $9 million refinancing of two New England shopping centers. The first property is Shaw’s Plaza, an 80,193-square-foot, grocery-anchored center in Derby, Vt., that was originally built in 1968. The second property is Kohl’s Plaza, a 159,600-square-foot shopping center in Wallingford, Conn., that is also home to Aldi, Harbor Freight and Sally Beauty. Brandon Szwalbenst, Dev Morris and Andrew Stewart of Cronheim arranged the debt on behalf of the owner, National Realty & Development Corp. The direct lender was not disclosed.

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