LITITZ, PA. — A group of real estate investors doing business as Lititz Run Partnership LLC will undertake a mixed-use redevelopment project in the town of the same name, which is located about 75 miles northwest of Philadelphia. The partnership has purchased the 98,000-square-foot former Morgan Paper Mill, which was originally built in 1930, renovated in 1989 and fully restored in 2018. The converted development will be known as The Morgan and will feature residential, commercial and hospitality uses. Stephen Marzullo, Adam Silverman, Jeremy Shyk, David Sickler and Scott Miller of CBRE represented the seller, Penn Medicine Lancaster General Health, in the sale of the property.
MIDDLE ISLAND, N.Y. — Northmarq has placed $13.5 million in financing for Strathmore Commons Shopping Mall, a 146,381-square-foot retail property in the Long Island community of Middle Island. Built in 1991, Strathmore Commons is a grocery-anchored center that is also home to tenants such as McDonald’s, Giunta’s Meat Farms, NYU Langone Health, Gold’s Gym, Subway, Dollar Tree and Carvel. Robert Delitsky and Dylan Hamer of Northmarq arranged the financing through WoodmenLife on behalf of the undisclosed borrower.
OCEANSIDE, N.Y. — Sunrise Senior Living has acquired a 2.8-acre development site in the Long Island community of Oceanside for $7.5 million, with plans to develop an 84-unit assisted living and memory care facility. Kelly Koukou of Lee & Associates represented Sunrise in the land acquisition. Marlon Matza of Strategic Realty Advisors represented the seller, a partnership between Grossman Nurseries and Breslin Development. A construction timeline was not disclosed.
ALPHARETTA, GA. — Crescent Real Estate LLC has sold The Hotel at Avalon, a 330-room hotel within the Avalon mixed-use campus in Alpharetta, a northern suburb of Atlanta. A joint venture featuring Austin-based Endeavor Real Estate Group purchased the hotel for $220 million, according to Atlanta Business Chronicle. Fort Worth, Texas-based Crescent has owned the hotel, which was delivered in 2018, since September 2020. Eastdil Secured represented Crescent in the disposition. HEI Hotels & Resorts was The Hotel at Avalon’s previous operator.
CHARLOTTE, N.C. — Trammell Crow Co. and a consortium of investors including CBRE Japan and Mitsubishi Logistics Corp. have broken ground on Caldwell Commerce Center, a two-building, 233,335-square-foot speculative industrial development located at 6122 and 6125 Caldwell Park Drive in Charlotte. The 24-acre property will feature two rear-load buildings measuring 106,175 square feet and 127,160 square feet. Each building will feature 32-foot clear heights, build-to-suit office space and ESFR sprinkler systems. Bryan Crutcher and Alek Salfia of CBRE are the leasing agents for Caldwell Commerce Center. The design-build team includes Landmark Builders (general contractor), Seamon Whiteside (civil engineer) and 9G Studio (architect).
NAMPA, IDAHO — Thompson Thrift has begin construction of The Highline, a multifamily community in Nampa, approximately 20 miles west of Boise. Slated to welcome residents in early 2028, The Highland will feature 300 one-, two- and three-bedroom apartments with private entrances averaging 1,100 square feet. Residences will offer quartz countertops, stainless steel appliances, designer fixtures and finishes, hardwood-style floors, full-size washers/dryers, walk-in closets and smart-home technology. Additionally, detached garages and patio, balcony or private yard options will be available for select units. Onsite amenities will include a 24-hour fitness center, heated swimming pool and lap pool, courtyards, fire pits, grilling areas, outdoor games and a pickleball court. Residents will also have access to a 24-hour social hub with billiards and shuffleboard, focus rooms, conference space, bike storage, two dog parks and a pet spa. The Highline will be capitalized with equity from the Thompson Thrift 2026 Multifamily Development. The community will be located within East Ranch, a master-planned mixed-use community with a blend of single-family homes and flex industrial space with integrated retail, creating a walkable and amenity-rich environment for residents.
FULTON, MD. — Bozzuto, a national real estate development and management firm, has signed a 57,837-square-foot office lease in Fulton, a city in Howard County that’s roughly 23 miles southwest from Baltimore. The company will relocate its corporate headquarters, including 225 employees, from Greenbelt to 8160 Maple Lawn Blvd. during the first quarter of 2027. The new headquarters is situated within Maple Lawn, a 605-acre mixed-use community developed by Greenebaum Enterprises Inc. and St. John Properties Inc. David Fields and Charlie Carroccio of CBRE, along with Lou Christopher of Stream Realty Partners, represented Bozzuto in the lease transaction. Bill Jautze of St. John Properties represented the landlord internally.
RINGGOLD, GA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built McDonald’s restaurant located in Ringgold, a Georgia suburb of Chattanooga, Tenn. The restaurant was delivered earlier this year and features a 20-year lease with 7.5 percent rent increases in the initial term and extension options. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group brokered the transaction. An all-cash buyer purchased the restaurant from the seller, a repeat developer of McDonald’s, in a 1031 exchange. The sales price was not disclosed. “Lower-priced, well-located properties with strong credit continue to command aggressive pricing despite market challenges,” says McMinn. “We secured an offer within 48 hours and closed near list price — proof that price point matters as much as credit in today’s market.”
DENVER — PAULS has purchased Regency Plaza, a 15-story office tower located at 4643 S. Ulster St. in Denver Tech Center, from Granite Properties for an undisclosed price. The acquisition marks a return of ownership for Regency Plaza, which was previously owned by PAULS. Originally built in 1985 and repositioned in 2020, Regency Plaza offers 335,908 square feet of office space that is 83 percent leased, with more than 176,000 square feet of new leases executed since early 2024. The asset features a renovated lobby, an outdoor plaza, a fitness center, training facility and an onsite restaurant/market. Tim Richey and Jack Richey of Newmark represented the seller in the deal. Collegiate Peaks Bank, a division of Glacier Bank, provided acquisition financing with a fixed-rate loan. Colliers will continue to handle leasing for the property.
LACEY, WASH. — CBRE has directed the sale of Chambers Reserve, a townhome property in Lacey. The asset traded for $53 million. The names of the seller and buyer were not released. Jordan Louie, Eli Hanacek, Kyle Yamamoto and Natalie Kasper of CBRE represented the seller in the transaction. Located at 3725 Wildspitz St. SE, Chambers Reserve offers 125 three- and four-bedroom townhome floor plans, with an average unit size of 1,736 square feet, spread across 23 residential buildings. Community and unit amenities include two-car garages, private decks, air conditioning, quartz countertops, stainless steel appliances, a 24-hour fitness center, a seasonal swimming pool and a clubhouse.