Wednesday, August 27, 2025
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GeorgiaMultifamilySoutheast

5 Cap Realty, RREIC Advisors Acquire Multifamily Asset in Metro Atlanta for $21.6M

by Camren Skelton

STONE MOUNTAIN, GA. — Pennsylvania-based 5 Cap Realty LLC and its affiliate RREIC Advisors have acquired Grove Mountain Park, a garden-style apartment community located in Stone Mountain, roughly 20 miles east of Atlanta. The partnership acquired the property for $21.6 million with plans to invest an additional $3.2 million in renovations. 5 Cap Realty utilized a Fannie Mae loan to purchase the community. Grove Mountain Park comprises 13 garden-style buildings and includes a mix of studio, one-, two- and three-bedroom units. Forty Two LLC, a 5 Cap affiliate, will manage the property.

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GeorgiaOfficeSoutheast

Terra Cap Management Purchases Metro Atlanta Office Center for $19M

by Camren Skelton

DULUTH, GA. — Terra Cap Management LLC has acquired 3100 Breckinridge, a seven-building, 253,000-square-foot office park located on Breckinridge Boulevard in Duluth, a suburb of Atlanta in Gwinnett County. Avison Young’s Matt Tritschler represented the undisclosed seller in the $19 million transaction, and C.J. Kelly of CBRE led the debt origination. Lincoln Property Co. Southeast will handle leasing and management assignments for the property.

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Brook-Ave-Apts-NYC
MultifamilyNew YorkNortheast

Yuco Real Estate Opens 66-Unit Apartment Building in the Bronx

by Amy Works

NEW YORK CITY — Yuco Real Estate has completed Brook Avenue Apartments, a two-building multifamily development located at 463 and 469 E. 147th St. in the Mott Haven neighborhood of the Bronx. The $24.4 million, 78.806-square-foot property features 66 apartment units. The five-story building at 463 E. 147th St. features seven studio units, 35 one-bedroom units, 12 two-bedroom apartments and one three-bedroom unit. The other building features 10 two-bedroom units and a one-bedroom apartment. Bong Yu provided engineering and architectural services for the project, while Yuco Builders served as the general contractor. The Bank of New York Mellon, First Sterling Financial and the Community Preservation Corp. provided financing for the development.

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LoansNorth CarolinaRetailSoutheast

NorthMarq Capital Arranges $18.5M in Refinancing for Retail Property in North Carolina’s Triad Region

by Camren Skelton

GREENSBORO, N.C. — NorthMarq Capital has arranged $18.5 million in refinancing for New Garden Crossing, a 168,950-square-foot retail center located in Greensboro. Mark Jeffries of NorthMarq Capital’s Denver office structured the refinance with a 10-year term and 30-year amortization schedule. Lowe’s Foods, Marshalls and HomeGoods are among the tenants at the property.

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MarylandMultifamilySoutheast

Donaldson Group, DRA Advisors Acquire Multifamily Community in Metro D.C. for $15.1M

by Camren Skelton

TEMPLE HILLS, MD. — The Donaldson Group and its equity partner, DRA Advisors LLC, have acquired Brinkley Manor Apartments, a 126-unit, garden-style apartment community located in Temple Hills, roughly 15 miles southeast of Washington, D.C. The partnership purchased the property for $15.1 million with plans to invest additional capital in renovations. CBRE’s Robert LaChapelle and Matthew Forgione arranged financing through Fannie Mae’s Green Loan Program. CBRE’s Michael Muldowney and Brian Margerum represented the undisclosed seller in the transaction. Constructed in 1972, Brinkley Manor includes one-, two- and three-bedroom units ranging from 813 to 1,448 square feet. Renovation plans include replacement of the utility system and upgraded buildings, common areas and property grounds.

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295-Larkfield-Rd-East-Northport-NY
New YorkNortheastRetail

Island Associates Brokers $2.5M Sale of Retail Property in East Northport, New York

by Amy Works

EAST NORTHPORT, N.Y. — Island Associates has arranged the sale of a retail property located at 295 Larkfield Road in East Northport. An undisclosed buyer acquired the 12,000-square-foot property for $2.5 million. Roger Delisle of Island Associates was the sole broker in the transaction. The name of the seller was not released.

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Lower-Makefield-Yardley-PA
NortheastPennsylvaniaRetail

TriGate Capital Sells 74,953 SF Shopping Center in Yardley, Pennsylvania

by Amy Works

YARDLEY, PA. — TriGate Capital has completed the disposition of Lower Makefield Shopping Center, a shopping center located at 700 Stony Hill Road in Yardley. Inland Institutional acquired the 74,953-square-foot property for an undisclosed price. Giant Food Store, Rite Aid Pharmacy and First Choice Bank occupy the property. Brad Nathanson and John Colussi of CBRE represented both the seller and buyer in the transaction.

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LoansOfficeTexas

New York Life Originates $123M Mortgage Loan for Frost Bank Tower in Austin

by Taylor Williams

AUSTIN, TEXAS — New York Life Real Estate Investors has originated a $123.2 million mortgage loan for Frost Bank Tower, a 535,964-square-foot, Class A office building located at 401 Congress Ave. in Austin. Completed in 2003, the 33-story property is among the tallest buildings in Austin. Colby Mueck and Doug Opalka of HFF arranged the loan, which has a fixed interest rate and a seven-year term, on behalf of the borrower, Lionstone Investments.  

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IndustrialTexas

Monmouth Acquires 352,874 SF Industrial Property in Mesquite for $50.6M

by Taylor Williams

MESQUITE, TEXAS — Monmouth Real Estate Investment Corp. a publicly traded, New Jersey-based investment firm, has acquired a 351,874-square-foot, Class A industrial property in the Dallas-Fort Worth metro of Mesquite for approximately $50.6 million. Situated on 65 acres at 5005 Samuell Blvd., the property is net-leased for 15 years to FedEx Ground Packaging System.

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RetailTexas

Marcus & Millichap Brokers $4M Sale of 19,051 SF Retail Property Leased to Aldi in Metro Houston

by Taylor Williams

MAGNOLIA, TEXAS — Marcus & Millichap has brokered the $4 million sale of a 19,054-square-foot retail property leased to Aldi located at the intersection of FM1488 and Conroe Huffsmith Road in Magnolia, about 45 miles north of Houston. Nate Newman and Vincent Knipp of Marcus & Millichap represented the seller, an undisclosed developer, in the transaction. Other terms of sale were not released.  

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