Monday, February 9, 2026
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MichiganMidwestOffice

California Investor Acquires 33,000 SF Office Building Near Southfield, Mich.

by Danielle Everson

BEVERLY HILLS, MICH. — L. Mason Capitani CORFAC International has arranged the sale of a 33,000-square-foot office building in Beverly Hills, five miles northeast of Southfield. The Berkshire Office Building is located at 31000 Lahser Road. California-based LSTC Michigan LLC purchased the building. The asking price for the property was $1.35 million, but the final selling price was undisclosed. Seven individual tenants occupy the building. Mason L. Capitani represented LSTC Michigan in the sale.

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Walgreens-Portfolio-Boulder-Group
MaineMassachusettsNortheastRetail

The Boulder Group Brokers $39M Five-Property Walgreens Portfolio Sale

by Amy Works

CLINTON, MASS., AND BELFAST, MAINE — The Boulder Group has brokered the sale of a Walgreens portfolio of five single-tenant, net-leased properties. The properties sold for $39 million. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer, a Midwest-based institutional investment firm, and the seller, a Midwest-based private partnership, in the transaction. The portfolio is comprised of 720 Main Street, Clinton, Mass.; 32 Main Street, Lakeville, Mass.; 268 Main Street, Belfast, Maine; 1112 Civic Center Drive, Rochester, Minn.; and 1537 Charleston Highway, West Columbia, S.C.

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571-Jersey-Ave-CW
IndustrialNew JerseyNortheast

Cushman & Wakefield Arranges Sale of Two New Jersey Industrial Properties

by Amy Works

NORTH BRUNSWICK AND NEW BRUNSWICK, N.J. — Cushman & Wakefield’s Metropolitan Area Capital Markets Group arranged the sale of two industrial facilities located in North Brunswick and New Brunswick for an undisclosed price. Principal Real Estate Investors purchased the two properties, which total 458,000 square feet. The 156,000-square-foot building at 1000 Corporate Road is occupied by Capacity LLC, an e-commerce warehouse and fulfillment center, and Wenner Bread Products occupies the 302,000-square-foot property at 571 Jersey Ave. Gary Gabriel, Andrew Merin, David Bernhaut, Brian Whitmer and Kyle Schmidt of Cushman & Wakefield brokered the transaction.

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30-Lanidex-Angelic
LoansNew JerseyNortheastOffice

Angelic Real Estate Arranges Acquisition Loan for Three Office Buildings

by Amy Works

PARSIPPANY, N.J. — Angelic Real Estate has secured $7.85 million in financing for the acquisition of three office buildings, 10 and 30 Lanidex and 299 Cherry Hill in Parsippany. A joint venture between Red River Asset Management and Lincoln Property Co. purchased the properties, which included excess land at 20 Lanidex that currently serves as additional parking. The joint venture immediately resold one of the buildings to an affiliate of Grammercy Property Trust. CorAmerica/Colony Capital provided the acquisition financing and loan. The portfolio was approximately 67 percent leased at the time of sale. Gabriel Silverstein and Louis D’Lando of Angelic Real Estate brokered the transaction.

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MM-Brooklyn
Mixed-UseNew YorkNortheast

Marcus & Millichap Arranges $1.2M Sale of Brooklyn Mixed-Use Building

by Amy Works

NEW YORK CITY — Marcus & Millichap has brokered the sale of a mixed-use property located at 320 Van Brunt St. in Brooklyn. The 3,975-square-foot property sold for $1.2 million. Jakub Nowak and Matthew Rosenzweig of Marcus & Millichap’s Brooklyn office marketed the property on behalf of the seller, a private investor, and represented the buyer, a private investor, in the transaction.

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Iron-House-Fitness-Geenty
ConnecticutNortheastRetail

The Geenty Group Brokers Retail Lease in Connecticut

by Amy Works

OLD SAYBROOK, CONN. — The Geenty Group, Realtors, has brokered a long-term lease at 137 Mill Rock Road in Old Saybrook. Located within The Old Saybrook Business Park, the 5,192-square-foot unit is occupied by Iron House Fitness LLC. Mill Rock Leasing LLC is the landlord. Kevin Geenty of The Geenty Group, Realtors, arranged the transaction.

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Carillon
MultifamilySoutheastTennessee

Embrey Partners Breaks Ground on Apartment Community in Germantown Area

by John Nelson

NASHVILLE, TENN. — Embrey Partners has begun construction on The Carillon, a 306-unit apartment community in Nashville’s Germantown neighborhood. The project will be located adjacent to First Tennessee Park, the new home of the Nashville Sounds, as well as a future library and archive campus. The four-story property will feature one- and two-bedroom units ranging from 599 to 1,704 square feet with rental rates ranging from $1,378 to $3,300 per month. The property will feature a 7,500-square-foot clubhouse with a fitness center, yoga studio, gaming center, presentation kitchen, private dining area, resort-style pool, grilling station, outdoor fireplace and a concierge system. The design team includes general contractor Embrey Builders, property manager Embrey Management Services, architect BGO Architects and engineer Littlejohn Engineering. Embrey Partners plans to deliver The Carillon in spring 2016.

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FloridaMultifamilySoutheast

CBRE Brokers $62M Sale of Multifamily Portfolio in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — CBRE has brokered the sale of two multifamily communities in Jacksonville spanning 552 units. Olympus Property Management purchased the two adjoining properties from Atlanta-based Cortland Partners for $62 million. The communities include Mirador at River City located at 13100 Broxton Bay Drive and Stovall at River City located at 13000 Broxton Bay Drive. Brian Moulder and Dhaval Patel of CBRE represented Cortland Partners in the transaction.

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FloridaRestaurantSoutheast

Marcus & Millichap Brokers $26.5M Sale-Leaseback of Wendy’s Portfolio in South Florida

by John Nelson

MIAMI — Marcus & Millichap has brokered the $26.5 million sale-leaseback of 12 Wendy’s restaurants in South Florida. Adam Tiktin and Debra Franklin of Marcus & Millichap’s Miami office, along with Philip Rosen of Bloomgarden, Goudreau & Rosen PA, represented the seller, Starboard Group, in the transaction. Todd Cohen, Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office represented the buyer, a Miami-based limited liability company. Farhan Kabani of Mark One Capital arranged a 10-year acquisition loan that amortizes over 30 years on behalf of the buyer. As part of the transaction, Starboard Group signed a new 20-year lease at the restaurants. The 12 Wendy’s restaurants are located at 831 Yamato Road in Boca Raton; 4950 Linton Road in Delray Beach; 15020 Jog Road in Delray Beach; 1197 S. Military Trail in Deerfield Beach; 10050 W. Sample Road in Coral Springs; 4676 N. University Drive in Coral Springs; 6375 W. Sample Road in Coral Springs; 9960 W. Oakland Park Blvd. in Sunrise; 14900 S.W. 31st St. in Miramar; 7560 N.W. 186th St. in Hialeah; 11925 N.W. 27th Place in Miami; and 1515 N.W. 7th St. in Miami.

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OfficeSoutheastVirginia

St. John Properties Buys Three Office/Flex Buildings in Virginia for $11.7M

by John Nelson

STERLING, VA. — St. John Properties Inc. has acquired three office/flex buildings spanning 125,000 square feet for approximately $11.7 million. The properties are located at 21660, 21670 and 21680 Ridgetop Circle in the Loudoun Tech Center in Sterling, roughly eight miles northwest of Reston, Va. The properties were 36 percent leased at the time of sale. Steve Gichner and Eric Berkman of Cushman & Wakefield represented the undisclosed seller in the transaction. St. John Properties plans to make capital improvements to the properties to improve occupancy.

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