Property Type

Centennial Sells 1.6 MSF Annapolis Mall to Macerich for $272M

by Hayden Spiess May 7, 2026

ANNAPOLIS, MD. — Centennial, along with investment partners Kildare Partners and Atlas Hill Real Estate, has sold Annapolis Mall. Macerich (NYSE: MAC) acquired the 1.6 million-square-foot retail center for $260 million. The Santa Monica, Calif.-based REIT also purchased an adjacent, vacant parcel that was formerly occupied by Sears for an additional $12 million. Centennial acquired Annapolis Mall, which is located roughly 30 miles east of Washington, D.C., in September 2024. Unibail-Rodamco-Westfield (URW) previously owned the property and reported the 2024 sales price as $160 million. Originally opened in 1980, the mall comprises approximately 200 shops and restaurants. During Centennial’s ownership, more than 500,000 square feet of new leases and lease renewals were executed. New tenants at the property include Dick’s House of Sport, UNIQLO, Offline by Aerie, Tesla, Swarovski, Jack & Jones, Abercrombie & Fitch and Dave & Buster’s. Existing tenants Talbots and lululemon also expanded their footprint at the mall following Centennial’s acquisition. According to Macerich, 353,000 square feet of signed-not-open (SNO) leases are expected to commence throughout the remainder of 2026 and 2027. Macerich funded the acquisition with cash on hand and $150 million from its revolving line of credit. The acquisition excluded a space occupied by anchor store Macy’s, which …

May 7, 2026

Acquisitions Office Retail Texas

Town Lane, Gillon Property Acquire 460,000 SF Retail, Office Property in Allen, Texas

by Taylor Williams May 6, 2026

ALLEN, TEXAS — A partnership between two investment firms, New York-based Town Lane and Dallas-based Gillon Property Group, has acquired Watters Creek Village, a 460,000-square-foot retail and office property located in the northeastern Dallas suburb of Allen. Built on 46 acres in 2008, Watters Creek Village consists of 360,000 square feet of retail space that is anchored by a Market Street grocery store and 100,000 square feet of boutique office space. Other retail tenants include Anthropologie, Barnes & Noble, Lululemon, Mi Cocina, Pure Barre, Sephora and Warby Parker. A fund backed by Ares Real Estate financed the acquisition. Kyle Minter, Conor Lalor, James Sharpe and Cole Frantz of Newmark represented the undisclosed seller in the transaction. Lalor also worked with Newmark’s Clint Frease and Bill Fishel to arrange acquisition financing on behalf of the new ownership, which plans to make capital improvements to the property.

May 6, 2026

Acquisitions Industrial Texas

JLL Brokers Sale of 271,689 SF Industrial Campus in Cedar Park, Texas

by Taylor Williams May 6, 2026

CEDAR PARK, TEXAS — JLL has brokered the sale of a three-building, 271,689-square-foot industrial campus in Cedar Park, a northern suburb of Austin. Built in 2024 and known as New Hope, the campus spans 28.5 acres and houses shallow-bay, rear-load buildings that feature 32-foot clear heights, 200-foot truck court depths, 17 percent office finishes and a combined 82 dock-high doors and 579 parking spaces. Trent Agnew, Witt Westbrook, Kyle Mueller, Rob Ellwood and Patrick McCord of JLL represented the seller, a joint venture between three Central Texas investment firms, Riverside, Live Oak Group and Cordova Real Estate Ventures, in the transaction. The buyer was San Francisco-based Stockbridge.

May 6, 2026

Acquisitions Hospitality Texas

Hunter Advisors Arranges Sale of 136-Room Hotel in Irving

by Taylor Williams May 6, 2026

IRVING, TEXAS — Atlanta-based brokerage firm Hunter Advisors has arranged the sale of Aloft Hotel Las Colinas, a 136-room hospitality property in Irving. The hotel was originally built in 2008. Amenities include an outdoor pool, fitness center, business center, meeting space and an onsite bar and restaurant. Kami Burnette and Mason McDavid of Hunter Advisors brokered the deal. The buyer and seller were not disclosed. The new owner plans to implement capital improvements.

May 6, 2026

Industrial Leasing Activity Texas

Finial Group Negotiates 12,500 SF Industrial Lease in Northwest Houston

by Taylor Williams May 6, 2026

HOUSTON — Local brokerage firm Final Group has negotiated a 12,500-square-foot industrial lease in northwest Houston. The deal is for the entirety of the building at 6770 Bourgeois Road, which according to LoopNet Inc. was constructed in 2012 and renovated in 2024. Christian Villarreal and Tyler Holt of Finial Group represented the tenant, Firetrol Protection Systems, in the lease negotiations. The name and representative of the landlord were not disclosed.

May 6, 2026

Acquisitions Alabama Multifamily Southeast

Newmark Negotiates $64M Sale of Apartment Community in Huntsville

by John Nelson May 6, 2026

HUNTSVILLE, ALA. — Newmark has negotiated the $64 million sale of The Liam at Hays Farm, a 329-unit apartment property located within the 850-acre Hays Farm master-planned community in south Huntsville. Greystone purchased the property from a joint venture between Bomasada Group and an affiliate of The Wolff Co. Justin Uffinger and Sarah Nee of Newmark represented the seller in the transaction. Built in 2024, The Liam at Hays Farm features one-, two- and three-bedroom apartments, as well as a resort-style swimming pool, Zen courtyard with a fireside lounge and a modern fitness center. The sale is the largest multifamily deal in the Huntsville market since 2023, according to Newmark.

May 6, 2026

Acquisitions Multifamily North Carolina Southeast

Colliers Brokers Sale of 483-Unit Apartment Community in Greensboro, North Carolina

by John Nelson May 6, 2026

GREENSBORO, N.C. — Colliers has brokered the sale of Edgewater Village, a 483-unit, garden-style apartment community located at 5500 Weslo Willow Circle in Greensboro. Will Mathews, Thomas Leachman, Chad DeFoor and Jake Bradshaw of Colliers brokered the transaction. Built in 1974, Edgewater Village sits on 45 acres and features five internal lakes. The property offers studio, one- and two-bedroom floor plans.

May 6, 2026

Georgia Leasing Activity Office Southeast

Choate Construction to Relocate Atlanta Office to 57,000 SF Space at Terraces in Central Perimeter

by John Nelson May 6, 2026

ATLANTA — Choate Construction has signed a lease to relocate its corporate headquarters to Terraces, a 1 million-square-foot office campus in Atlanta’s Central Perimeter submarket. The locally based general contractor will move its more than 200 employees to the two-building campus in first-quarter 2027. The 57,000-square-foot lease brings Terraces to 80 percent occupancy. Brooke Dewey and Glenn Aspinwall of JLL represented the landlord, MetLife Investment Management, which manages Terraces on behalf of an undisclosed client. Jeff Heller and John Winter of Stream Realty Partners represented Choate Construction. Smallwood is providing interior design services for the tenant’s new space, as well as branding and graphic design services.

May 6, 2026

Acquisitions Healthcare North Carolina Southeast

Woodside Health Acquires 40,000 SF Medical Office Building in Chapel Hill, North Carolina

by John Nelson May 6, 2026

CHAPEL HILL, N.C. — Cleveland-based Woodside Health has acquired Meadowmont Crossing, a three-story, 40,000-square-foot medical office building located at 400 Meadowmont Village Circle in Chapel Hill. The seller was an affiliate of Curbline REIT doing business as CL MEADOWMONT VILLAGE NC LP. The sales price was not disclosed. Built in 2001, the property is situated off NC Highway 54 and is anchored by UNC Health, a state-owned health system that operates 16 hospitals and hundreds of clinics across North Carolina.

May 6, 2026

Acquisitions Loans Multifamily New Jersey Northeast

Cushman & Wakefield Brokers $49M Sale of Northern New Jersey Apartment Building

by Taylor Williams May 6, 2026

PASSAIC, N.J. — Cushman & Wakefield has brokered the $49 million sale of The Pennington, a 147-unit apartment building in the Northern New Jersey community of Passaic. Completed in 2024, The Pennington is an adaptive reuse building that offers studio, one-, two-, three- and four-bedroom units with an average size of 968 square feet. P3 Properties acquired the asset from Birch Group. Niko Nicolaou, Ryan Dowd, David Bernhaut, Peter Welch, J.P. Hohl and Alexandria Russo Ebers of Cushman & Wakefield brokered the deal. Brad Domenico, John Alascio, Chuck Kohaut, Frank Stanislaski, Ethan Thompson and Jack Subers, also with Cushman & Wakefield, arranged $45.9 million in acquisition financing for the transaction through Prime Finance.

May 6, 2026

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