Wednesday, April 22, 2026
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LansingTowerApartments
MichiganMidwestMultifamily

Princeton Enterprises Acquires Lansing Tower Apartments for $3.6M

by Danielle Everson

LANSING, MICH. — Princeton Enterprises has purchased Lansing Tower Apartments in Lansing for $3.6 million. The apartment community, located at 610 W. Ottawa St., includes 140 studio, one-, two- and three-bedroom units. Cary Belovicz of Commercial Property Advisors brokered the deal on behalf of the private seller. The new owner plans to renovate the exterior of the building, make plumbing improvements and add a new swimming pool deck, fitness center, resident lounge and lobby with a new WiFi beverage café. The property was built in 1968.

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MidwestMinnesotaRestaurantRetail

M&M Arranges $2.1M Sale of 2,112 SF Taco Bell Property

by Danielle Everson

EAGAN, MINN. — Marcus & Millichap has arranged the sale of a 2,112-square-foot Taco Bell, net-leased property in Eagan. The property is located at 2000 Cliff Road. Border Foods Inc. guaranteed the lease. The property is an outparcel for Regal Cinemark Movies 16 and is adjacent to a Target Shopping Center and a Cub Foods. Dan Yozwiak and Mark Lovering of Marcus & Millichap’s Columbus office represented the seller, a limited liability company. Joubin Manoocherhi of JNM Investments in Los Angeles, Calif. represented the undisclosed buyer.

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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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