Friday, February 6, 2026
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AcquisitionsFloridaGeorgiaNorth CarolinaRetailSoutheast

Marcus & Millichap Facilitates 10-Property Portfolio Sale of Dollar General-Leased Stores in the Southeast

by John Nelson

ATLANTA — The Taylor McMinn Retail Group of Marcus & Millichap in Atlanta has brokered the sale of a 10-store portfolio in North Carolina, Georgia and Florida. Each store is triple-net leased to Dollar General for an average lease term of 13 years remaining. The undisclosed seller was an institution and the buyers were all individual private investors who paid an average of 97 percent of list price, according to Don McMinn of the Taylor McMinn Retail Group. “This portfolio sale showcases our team’s ability to achieve above-market pricing by leveraging our track record, network and platform in spite of challenging market conditions,” says McMinn.

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AcquisitionsNorth CarolinaOfficeSoutheast

CBRE Arranges Sale of 425,300 SF Office Building in Uptown Charlotte

by John Nelson

CHARLOTTE, N.C. — CBRE has arranged the sale of 525 North Tryon Street, a 425,300-square-foot office building in Uptown Charlotte. Nashville-based Highland Ventures purchased the 19-story property from New York Life Real Estate Investors for an undisclosed price. Patrick Gildea and Matt Smith of CBRE represented the seller in the transaction, and locally based Insite Properties represented the buyer. The office building was constructed in 1998 and was 46 percent leased at the time of the sale.

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AcquisitionsDevelopmentIndustrialNorth CarolinaSoutheast

Foundry Brokers Land Sale in Metro Raleigh, Buyer Plans 487,200 SF Industrial Park

by John Nelson

FUQUAY-VARINA, N.C. — Foundry Commercial has brokered the sale of a nearly 30-acre industrial land site along the N.C. Highway 55 corridor in Fuquay-Varina. The buyer, Chicago-based Stotan Industrial, will deliver approximately 487,200 square feet of small-bay industrial space across three new buildings. Stotan anticipates the project, its first in the Raleigh-Durham region, will be delivered in second-quarter 2026. Jim Allaire, Sarah Godwin and Karl Hudson IV of Foundry represented the undisclosed seller in the transaction. The project represents the first large-scale, institutionally designed industrial development in Fuquay-Varina in decades, according to Foundry Commercial.

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AcquisitionsLouisianaRetailSoutheast

STRIVE Negotiates Sale of 14,000 SF Retail Strip Center in Shreveport, Louisiana

by John Nelson

SHREVEPORT, LA. — STRIVE has brokered the sale of Bert Kouns Retail Plaza, a 14,000-square-foot retail property located in Shreveport, roughly 17 miles east of the Louisiana-Texas border. Originally built in 2002, the center was fully leased to a nail salon, Johnny’s Catfish, Unique LaChique’s Event Center, Tower Loan, Jackie’s Outlet and M&M Builders at the time of sale. Andrew Williams and Will Schubert of STRIVE represented the seller and sourced the buyer, both locally based in Louisiana. Additional terms of the sale were not disclosed.

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AcquisitionsCaliforniaNew YorkNortheastRetailTop StoriesWestern

3G Capital Agrees to Acquire Skechers for $9.4B, Take Company Private

by Kristin Harlow

MANHATTAN BEACH, CALIF. AND NEW YORK CITY — Global investment firm 3G Capital has entered into an agreement to acquire footwear retailer Skechers USA Inc. (NYSE: SKX). The sales price is $9.4 billion, according to The Wall Street Journal. Upon completion of the transaction, Skechers will become a privately held company. New York City-based private equity firm 3G will pay $63 per share in cash, representing a premium of 30 percent to Skechers’ 15-day, volume-weighted average stock price. The transaction also includes the option for existing shareholders of Skechers to instead receive $57 in cash and one unlisted, non-transferrable equity unit in the newly formed company. Founded more than 30 years ago in Manhattan Beach, Calif., Skechers maintains $9 billion in annual sales and is the third largest footwear company in the world. There are more than 5,300 Skechers retail stores worldwide that sell clothing, shoes and accessories at affordable prices. Skechers says the new private company will continue to execute its ongoing strategic initiatives, including the design of innovative products, international development, direct-to-consumer expansion, domestic wholesale growth and strategic investments in global distribution, infrastructure and technology. The Skechers board of directors unanimously approved the sale. Skechers will continue to be …

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Cottage-Row-Stillwater
AcquisitionsMultifamilyStudent HousingTexas

Joint Venture Acquires 792-Bed Student Housing Community Near Oklahoma State University

by Taylor Williams

STILLWATER, OKLA. — A joint venture between Monument Square Investment Group and affiliates of Walton Street Capital has acquired Cottage Row Stillwater, a 792-bed student housing community located near the Oklahoma State University campus in Stillwater. Developed in 2013, the property offers 231 cottage-style units and townhomes in two-, three-, four- and five-bedroom configurations. Shared amenities include a recently renovated, 11,000-square-foot clubhouse with study rooms, entertainment spaces and a fitness center; resort-style pool and hot tub; grilling stations; green space; full-sized basketball and sand volleyball courts; and a putting green. The joint venture plans to implement several capital improvements at the property, including new exterior paint and enhancements to the pool deck. The seller and additional terms of the transaction were not released.

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The-Commons-at-Cottonwood-Creek-Waco
DevelopmentMultifamilyTexas

Parkspring to Develop 392-Unit Multifamily Project in Waco

by Taylor Williams

WACO, TEXAS — Texas-based Parkspring Multifamily will develop a 392-unit multifamily project within the Cottonwood Creek master-planned development in Waco. Commons at Cottonwood Creek will offer a mix of one- and two-bedroom apartment homes that will range in size from 754 to 1,028 square feet. Residences will feature stainless steel appliances, quartz countertops, wood-vinyl plank flooring, full-size washers and dryers, smart-home technology and private yards in select units. Amenities will include a resident clubhouse with a kitchen, coffee bar, pool table, golf simulator and TVs; a business center with private conference rooms and coworking spaces; a resort-style pool with tanning ledges; a fully equipped athletic club; outdoor kitchen areas; and an onsite dog park. EDI International is the project architect, and OHT Partners is the general contractor. Construction will begin this month and is expected to be complete in mid-2027. NewQuest is the master developer of Cottonwood Creek.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 17,346 SF Retail Strip Center in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of University Place, a 17,346-square-foot retail strip center located in the North Texas city of Denton. Tenants include Dunkin’, Tuk-Tuk Thai Kitchen, Metro by T-Mobile, Palm Beach Tan, Boomer’s Grill, CashMax Title & Loan, Allure Nail Bar Denton and Artisan Vapor & CBD Denton. Hudson Lambert and Jennifer Pierson of STRIVE brokered the deal. The buyer and seller were not disclosed.

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Leasing ActivityRetailTexas

Smoothie King Opens Seven New Stores in Texas

by Taylor Williams

DALLAS — Smoothie King has opened seven new stores in Texas through the first four months of 2025. The openings are part of the metro Dallas-based retailer’s expansion plans, which involved opening 13 new stores (inclusive of the Texas locations) across eight states in early 2025, as well as securing 20 new store commitments, with approximately 60 percent of the signings obtained with existing franchisees. The new agreement spans 15 different markets across 12 states, including multi-unit deals in New York and Phoenix.

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IndustrialLeasing ActivityTexas

Freight Forwarding Company Signs 14,969 SF Industrial Lease in Grapevine, Texas

by Taylor Williams

GRAPEVINE, TEXAS — Freight forwarding company IMPEX GLS has signed a 14,969-square-foot industrial lease in Grapevine, located in the northern-central part of the metroplex. According to LoopNet Inc., the building at 800 Industrial Blvd. was built in 2000 and totals 191,000 square feet. Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Prologis, in the lease negotiations. Andrew Flores of Mercer Co. represented the tenant.

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