Saturday, May 24, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

AcquisitionsMixed-UseOfficeRestaurantRetailSoutheastTennessee

JLL Negotiates $50M Sale of Mixed-Use Property in Nashville’s Music Row District

by John Nelson

NASHVILLE, TENN. — JLL Capital Markets has facilitated the $50 million sale of Edgehill Village, a 58,468-square-foot mixed-use property located in Nashville’s Music Row district. Originally built in 1920 and 1934 and renovated in 2016, the property comprises 2.4 acres of retail and office space. Tenants at the property include Van Leeuwen Ice Cream, Barcelona, Consider the Wldflwrs, Warby Parker and Vow’d. Brad Buchanan and Jim Hamilton of JLL’s Investment Sales and Advisory team represented the seller, Charlotte-based Asana Partners, in the transaction. The buyer was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMarylandOfficeSoutheast

Newmark Facilitates Sale of 132,207 SF Office Property in Suburban Baltimore

by John Nelson

HUNT VALLEY, MD. — Newmark has facilitated the sale of 40 Wight Avenue, a 132,207-square-foot office property located in Hunt Valley, roughly 18 miles north of Baltimore. Built in 2017, the five-story office tower is situated near Hunt Valley Towne Center and a light rail station. Amenities at the property include an outdoor patio area, ample natural lighting and dining and retail offerings. The office complex was 90 percent leased at the time of sale. Nicholas Signor, Cristopher Abramson and Ben McCarty of Newmark represented the seller, an undisclosed national REIT, in the transaction. The buyer was an affiliate of Minnesota-based Onward Investors. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMarylandOfficeSoutheast

DLT Solutions Renews 51,621 SF Office Lease at Dulles Corner in Bethesda, Maryland

by John Nelson

BETHESDA, MD. — DLT Solutions, a government technology solutions aggregator and subsidiary of Tech Data, has renewed its 51,621-square-foot office lease at 2411 Dulles Corner Park, an eight-story, 180,000-square-foot office building  in Bethesda, roughly six miles northwest of Washington, D.C. The building is situated within the larger Dulles Corner Park, a 620,000-square-foot, four-building mixed-use development. The Innovation Center Metro Station on the Silver Line transit serves office workers at 2411 Dulles Corner Park, which comprises a private fitness center, daycare center, conference facilities, onsite restaurants, as well as walking paths, water features, greenspaces and outdoor eating areas. Additional tenants include Peraton, SAP Natinoal Security Services, Mission Essential, Valiant Integrated Services, Synopsys and BlackSky DC. Finmarc Management Inc. owns Dulles Corner Park. DLT Solutions’ lease renewal marks the first transaction since Finmarc purchased the four-building office portfolio for $51 million.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsLoansMultifamilySoutheastVirginia

Greysteel Brokers Sale of 173-Unit Sherwood Forest Apartments in Norfolk, Virginia

by John Nelson

NORFOLK, VA. — Greysteel has brokered the sale of Sherwood Forest, a 173-unit apartment community located at 2803 Early St. in Norfolk. Otto Snell of Greysteel represented the seller in the transaction. The buyer, seller and sales price were not disclosed. Jack Whitman of Greysteel arranged a $16 million acquisition loan through an undisclosed credit union that was underwritten with a fixed interest rate, 80 percent loan-to-value ratio, two years of interest-only payments and no prepayment penalty. The loan includes funds for property improvements at Sherwood Forest, which was originally delivered in 1965.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailSoutheastVirginia

SRS Arranges $6.8M Sale-Leaseback of Retail Property in Manassas, Virginia Leased to The Learning Experience

by John Nelson

MANASSAS, VA. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, Chick-fil-A, Raising Cane’s and Wawa convenience store. Andrew Fallon and Philip Wellde Jr. of SRS’ Washington, D.C. Capital Markets team represented the seller, an entity doing business as Ganges Manassas LLC, in the transaction. The 1031 exchange buyer was a Northern Virginia-based private investor. SRS has also listed a second site occupied by The Learning Experience in Northern Virginia for $7.6 million.

Continue Reading
FacebookTwitterLinkedinEmail
MC820-Logistics-Fort-Worth
DevelopmentIndustrialTexas

Creation, Crow Holdings to Develop 451,032 SF Industrial Project in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Phoenix-based developer Creation and a fund advised by Crow Holdings Capital will develop a 451,032-square-foot industrial project in North Fort Worth. Known as MC820 Logistics, the development will consist of three buildings on a 38-acre site that will have parking for 473 cars and 42 trailers. LGE Design Build is leading the architecture and construction aspects of the project in collaboration with Manhard Civil Consulting. The first phase of construction is scheduled to begin this summer and to be complete in late 2026. Holt Lunsford Commercial has been tapped as the leasing agent.

Continue Reading
FacebookTwitterLinkedinEmail
Parker-Road-Southview-Drive-Lucas
AcquisitionsDevelopmentRestaurantRetailTexas

Younger Partners Arranges Sale of 42-Acre Retail Development Site in Lucas, Texas

by Taylor Williams

LUCAS, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a 42-acre retail development site in Lucas, roughly 30 miles northeast of Dallas. The buyer, an affiliate of Dallas-based Malouf Interests, plans to develop a 130,000-square-foot grocery-anchored shopping center, a 25,000-square-foot restaurant village with 15 adjacent pad sites and a community park on the site. Michael Ytem and Tom Grunnah of Younger Partners represented both the buyer and the seller, JCBR Holdings, in the transaction. Construction is slated to begin in the fourth quarter, with completion anticipated for 2026.

Continue Reading
FacebookTwitterLinkedinEmail
Soto-Apts-Torrance-CA
CaliforniaDevelopmentMultifamilyWestern

Legacy Partners, DWS Break Ground on 200-Unit Apartment Community in Torrance, California

by Amy Works

TORRANCE, CALIF. — Legacy Partners, in partnership with DWS Group, has started construction of Soto, a 200-unit multifamily property in Torrance. Located at 3862 Carson St., Soto will offer studio, one- and two-bedroom layouts ranging from 633 square feet to 1,118 square feet. Soto will feature a rooftop pool and amenity deck with an indoor/outdoor fitness center, resident clubhouse, coworking area and two courtyards with pedestrian access from the street. The project team includes AO as designer and Westport Construction as general contractor. Completion is slated for summer 2027.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of Self-Storage Facility in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of a self-storage facility in the northern Dallas metro of Carrollton. Extra Space Storage operates the facility, which was built in 1996 and expanded in 2001. The facility totals 114,236 net rentable square feet of space across 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were locally based entities that requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaDevelopmentOfficeWestern

Allied Commercial Completes Conversion of Historic Los Angeles Post Office into Creative Campus

by Amy Works

LOS ANGELES — Allied Commercial has completed the conversion and restoration of an historic 85-year-old post office located at 1601 Main St. in the Venice area of Los Angeles. The 23,690-square-foot creative campus now serves as a versatile event space with dedicated artist studios, collaborative workspace, production offices and facilities, a mixed-use theater, recording studio, podcast suites, a coffee shop and an outdoor garden. Additionally, the site serves as the headquarters of Lighthouse Creative Group. The Louis Simon-designed post office was built as part of President Franklin Roosevelt’s New Deal. Completed in 1939, the Mediterranean Revival-style property was also adorned with an interior mural, “Abbot Kinney and the Story of Venice” painted by Edward Biberman in 1941. The conversion and restoration project reinstalled the mural and completed interior and exterior renovations and upgrades following rehabilitation guidelines from the Secretary of the Interior’s Standards of Historic Properties. The project team included Chattel as historic preservation consultants, Pacific Edge as project manager, Both Design Architects as architect and JTM Construction Group as general contractor.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts