The company purchased the 600,000-square-foot industrial asset at 201 Middlesex Center Blvd. in South Brunswick, N.J. from ARC Realty sold the warehouse for $166.8 million. The one-story facility features a 36-foot clear height and a 180-foot truck court. Prologis also sold its 458,620-square-foot asset in Melrose Park, Ill. to Interlake Mecalux for $63 million. Completed in 1999, the facility sits on roughly 23 acres at 1600 N. 25th Ave.
The loan is for the refinancing of The Villas at Tuttle Royale, a 401-unit multifamily development in West Palm Beach, Fla. The Villas at Tuttle Royale includes 26 three-story buildings. Community amenities include, but are not limited to, a two-story clubhouse with a fitness and wellness center, a coffee bar, a sauna, private dining areas, a game room, a pool, lounge seating and fire pits.
The company purchased the Grand Plaza from CPI Limited Inc., which had owned the shopping center since 2001. Grand Plaza was built in 1985 and features over a dozen tenants in the property. CPI bought the mall in 2001 for $12.4 million.
Kitson & Partners sold the 142,183-square-foot shopping center at 3700 and 3800 N. Ocean Blvd. to Gazit Horizons for $249 per square foot. Galt Ocean Marketplace last traded for $26.65 million in 2006. The shopping center was built on the 8.6-acre site in 1988.
Tree Hill Apartments and Townhomes at 1135 Bert Rd. was sold by FCI FL3 Holdings. The complex includes 25 buildings with 80 units in total. Amenities include a pool, a laundry facility, playground, trash valet and staff on site.
The company bought the property at 6324 International Dr. in Orlando from Jar Global Properties. Jar Global bought the 6,863-square-foot restaurant in 2014, the same year it was built, for $4.8 million. MCO International said they have no plans to renovate the property but may execute assorted improvements to the site.
Rockwood Capital acquired the nine-floor, nearly 350,000-square-foot 750 Ninth St. NW, also known as the Victor Building, for $440 per square foot. The office's tenants include the Smithsonian Institution, Blue Cross Blue Shield Association and an engineering firm. The property was built in 1909, expanded multiple times and renovated in 2021.
The company sold the 208,413-square-foot retail center at 6250, 6254, 6266, 6272 6266, 6320, 6330 and 6350 Lantana Rd. to Arcadia Realty Trust for $326 per square foot. Tenants at Pinewood Square include TJ Maxx/HomeGoods, Ross Dress For Less, Chase Bank, PNC Bank, AutoZone, Jiffy Lube and more. The property last traded for a combined $23.3 million in 2005 and was built in 1988.
A JV between Cerberus Capital Management and Newland Realty Capital purchased the Carlisle Palm Beach senior living facility in Lantana, Fla. Altus Group sold the 291-unit senior facility, located at 440 E. Ocean Ave. Totaling 235,071 square feet, the senior living facility was built on the 7.15-acre site in 1999.
The company sold its 200,600 square feet warehouse at 4121 W. 91st Pl. to Property Reserve for $294 per square foot. The warehouse was built on 10.6 acres and features 36-foot clear height.
The company acquired two properties to expand its footprint in South Fla. Public bought the 165,252-square-foot storage facility at 10600 W. State Road 84 in Davie from Prestige Duke JV II for $36.2 million and the 113,057-square-foot storage facility at 231 S.W. 125th Ave. from Plantation Storage Group. Both facilities were built in 2023.
The firm sold its 211,000-square-foot facility to Corebridge Real Estate Investors for $196-per-square-foot. Located within the 5M SF Sunshine State Industrial Park at 1400 NW 159th St., the property is fully leased. Built in 1969, the warehouse features 24-foot clear heights, 49 loading positions and 151 parking spaces.
The company bought Celebration Office Center, a 161,437-square-foot office complex in Kissimmee, Fla., from Reva Cos. Celebration Office Center consists of two two-story buildings across a 12-acre site. It was built in 2001 at 1170 and 1180 Celebration Blvd. and was 98% leased at the time of the sale.
The company sold the 41,286-square-foot office at 1501 Venera Ave. to 1500 Park Ventures. The building last traded for $8.5 million in 2009. It was built on the 31,603-square-foot site in 1981.
Yad Healthcare purchased the Clayton Rehabilitation and Healthcare Center at 204 Dairy Rd. and the Wilson Healthcare and Rehabilitation Center at 2501 Downing St. SW, for $19.7 million and $18.2 million, respectively. The seller was Cammeby's. Neither party commented on the transaction.
The loan is for the refinancing of the Custom House Block and Gardiner Building at Long Wharf, a mixed-use office and retail asset located at 66 Long Wharf in Boston. The Custom House Block was originally built in 1848 and the Gardiner Building in 1760. Capital Properties recently renovated both buildings into office and retail space while preserving architectural integrity and historical significance.
The company bought Celebration Office Center, a two-building office complex located at 1170 and 1180 Celebration Blvd. in Central Fla. The buyer was TMT Properties. Built in 2000 and 2001, the property is situated within the Celebration master-planned community and in close proximity to Walt Disney World and Universal Studios.
The 107-unit Sail Cloth Factory loft apartments was sold to an undisclosed buyer. The seller renovated the apartments around 2020 and upgraded the units with gourmet kitchens, improved flooring and other amenities like washers and dryers in each apartment. The four-story brick building dates back to 1911, when it first opened as a manufacturing plant for ship sail cloths.
A JV between Compass, Polsinelli-Graff and Corcoran closed the sale of 238 Mulberry St., a mixed-use building in Manhattan's Nolita neighborhood. The buyer was not identified. The property features ground-floor retail, two full-floor apartments and a penthouse duplex.
The firm acquired 43035 Little River Turnpike, a 232,500-square-foot facility built in 2024 in Chantilly, Va. The warehouse sits on about 15.5 acres near Dulles International Airport, at the intersection of Route 50 and Loudoun County Parkway. The seller was Elion Partners.
The firm acquired Pinewood Square, the 204,000-square-foot property at 6330 Lantana Rd. in Greenacres. The complex, which is 99% leased to 42 tenants, features a 96,586-square-foot anchor structure as well as six outparcel buildings totaling 24,279 square feet. The seller was a JV between Principal Asset Management and Woolbright Development.
A JV between Certares Real Estate Management and Monomoy Property Ventures will use the loan to refinance the 250-room Ashore Resort & Beach Club. Certares and Monomoy acquired the hotel in 2022 and performed renovations in 2023. Ashore Resort & Beach Club's amenities include an outdoor swimming pool, a fitness center, a business center and 34,600 square feet of indoor meeting and event space.
The company bought the property at 1155 Lavista Rd. from LHNH LaVista. The seller purchased the property in 2021 for $90 million. The site houses an apartment building, The Reserve at LaVista Walk, which was partially demolished in 2024 due to a fire and was set for redevelopment.
The company bought the five-story, 52,676-square-foot office building from the American Red Cross. Eclipse's plans for the property are still being formed, but it's expected to be a multifamily build. The property is on the northeast corner of 23rd and Chestnut streets.
The 15,000-square-foot property, located at 9 Bruckner, was sold to buyers Fernando Mateo and Steven Rivera. The warehouse includes 10,000 square feet on the ground floor and around 5,000 square feet of mezzanine space. It also features a drive-in loading dock.
20 West 15th Owner acquired the site at 20 W. 15th St. from a JV between Rye and NMR Realty. The site previously held a retail building, which was built in 1920 but demolished several years ago. The buyer is expected to develop a hotel or retail outfit on site.
The company purchased Exton Square, a 990,000-square-foot super-regional shopping center located in Philadelphia. The seller was PREIT. Originally built in 1973, the 75-acre center was renovated in 2000.
The loan for the refinancing of Mi-Place at Brightmoor, the 168-unit second phase of a 312-unit apartment community located in Sicklerville, N.J. The property offers 63 one-bedroom, 84 two-bedroom and 21 three-bedroom units, all furnished. Amenities include a clubhouse, pool, fitness center, game room, community lounge, dog washing area and a playground.
The university closed on 110 S. Blvd., but did not divulge its plans for the site. The seller was a JV between Development Ventures Group and Intown Group, which bought the property for $4.5 million in July 2022. The JV planned to develop student housing on the site, and it's unknown if the university will do the same.
The Toronto-based firm bought Nos. 51 and 57 W. Eighth St. from a private seller. No. 51 is a mixed-use building with 16 rental units and a vacant retail space, which traded for $3.7 million, and No. 57, which also has 16 rental units and a retail aspect, sold for $5.1 million. Owemanco plans to renovate the vacant retail space to attract tenants.
The firm acquired Dulles Design Center, a 1990s-era flex building and its parking and loading lots, at 45449 E. Severn Way. The seller was The Davis Cos., a real estate development and investment firm out of Boston. The site is expected to be redeveloped into a data center.
The company bought the two-parcel apartment community, located at 11530 Wehrle Dr. and 270 Garrison Rd. from Ohri Chawla LLC of Warsaw. The two adjoining parcels, which span 1.2 acres, house four apartment buildings. No other details were released.
The company purchased the shopping center located at 815 W Gate City Blvd. from 77 Investment Group LLC for $2.35 million. The seller was Real Property Management. The shopping center, built in 1996, is nearly completed occupied.
The firm bought the 33-story luxury apartment building at 800 Fifth Ave. from a JV between Spitzer Enterprises and Winter Properties. The roughly 355,000-square-foot tower overlooks Central Park and has vacancies. Naftali plans to renovate the building, but no specifics on the purchase or plans were provided.
The firm bought 1401 H St. NW, a 12-story, 367,591-square-foot McPherson Square office, from Nuveen. The seller acquired the property in 2006 for $205 million from Loeb Partners Realty. The D.C. office, built in 1992 and renovated in 2021, is about 85% leased.
The firm acquired five business parks in Pinellas County, Tampa Bay, from Birtcher Anderson and Davis. The properties were:
The company paid $285,000 per acre for the land at 5100 Raynor Rd. NCTH said it will develop the site but didn't divulge any plans. The seller wasn't disclosed.
Disney bought the 106,196-square-foot building at 1390 Celebration Blvd. in an off-market deal from Celebration Advance. The property was built in 2009. Lincoln Property will handle property management responsibilities for the office building.
Yellow Jack Equities bought the building at 616-624 Flatbush Ave. The 6-story, 60-unit rental property includes ground-floor retail. The building last sold for $14 million in 2015.
The firm bought the 31,755-square-foot building at 7205 Statesville Rd. from Compatriot Capital. The property is leased by Sunbelt Rental, who has a long-term lease. Beacon says the property is a "durable asset," which is something the company is looking to invest in.
The Fannie Mae loan is for Summit Court, a 393-unit multifamily property located in Union, NJ. Summit Court, built in two phases between 2018 and 2023, includes 42 dedicated affordable housing units. The terms of the loan, along with details on its implementation, were not disclosed.
The loan is for the office-to-residential conversion of a 175,000-square-foot office building in Plymouth Meeting, Pa. Located at 500 W. Germantown Pike, Keystone is converting the 1970-built office property into "Monarq," a 149-unit residential building.
A JV between Bristol Group and Butters Construction and Development sold University Place at City Center at 3115 N. University Dr. Essig Holdings already plans to build out high-end office suites within the 204,810-square-foot, 40-year-old office building. The office building's amenities include a fitness center, onsite restaurants, modernized common areas, floor-to-ceiling windows and a modern plug & play call center.
The company bought the five-story residential property at 34 East 61st St. in Lenox Hill from Christian Advocates Serving Evangelism (CASE). CASE bought the property in May 2022 for $16.5 million. The buyer didn't divulge its plans for the property.
A JV between DL Development and Argos Development acquired the Breeze, a three-story mixed-use building in East Williamsburg, Brooklyn. Located at 314 Scholes St., the seller was Hudson Companies. The 100,000-square-foot building is a renovated industrial site with a mix of commercial, industrial and retail tenants.
The 841 Memorial apartment complex in Reynoldstown was sold to an unnamed Chicago-based buyer. The property last sold in 2017 for $13.6 million. Built in 2016, the complex features 80 apartments, offering studio, one- and two-bedroom units.
Bought via a bankruptcy auction, the company bought the shuttered two-story restaurant space at on 0.14 acres near the corner of West Main St. and Highway 15 in Durham County. The previous owners filed for bankruptcy in 2024. The sale is only for the restaurant space, not the entire building, as the second story has residential condos that people own.
PGIM unloaded Crosswinds and Mariner Bay at Annapolis Town Center. The 215-unit Crosswinds at 1903 Towne Centre Blvd. sold for $73 million and the 208-unit Mariner Bay at 1910 Towne Centre Blvd. sold for $87 million. Crosswinds was built in 2013 and totals 223,239 square feet and Mariner Bay, developed in 2008, spans 271,000 square feet.
The photography retailer purchased Brookfield Asset Management's 10-story office building in Manhattan's Garment District. The property is located at 333 West 34th St. B&H is expected to move its operations to the building.
A JV between Corebridge Real Estate Investors and The RMR Group acquired Avana Bayview, a 225-unit property at 1631 South Federal Highway. The 411,173-square-foot complex, built in 2004, holds three five-story buildings. The JV said it's an opportune time to invest in multifamily real estate as they expect the sector to enter into a phase of steady, demand-driven growth.
The brokerage bought the Clemmons Town Center retail development from Main Street Clemmons. The shopping center includes two buildings leased to assorted retail outfits, including a Planet Fitness and an assortment of restuarant options. Linville says the shopping center has a great mix of local and national tenants and they see it as "an asset in the company's backyard."
Leon Industrial bought the 120,000-square-foot industrial facility located near I-77 at 2690 Commerce Dr. in Rock Hill, a suburb of Charlotte. The seller was Graham Capital. Leon also tapped Avison Young to handle leasing of the property moving forward.
The company acquired the Advance Auto Parts tower, located at 4200 Six Forks Rd. The seller was Lionstone Investments of Houston. The 20-story tower is 346,000 square feet and fully leased, with Advance Auto Parts as the anchor tenant.
The Rise at Planation Walk was acquired by Journey Capital Real Estate Partners. Completed in 2021, The Rise is a 569,779-square-foot development consisting of two seven-story apartment buildings with 404 apartments. The apartment building is part of a 32-acre mixed-use phased development that also includes retail and entertainment options nearby.
Shoma Village Apartments in Hialeah, a 451,817-square-foot mixed-use project at 429 Hialeah Dr. in Hialeah, was sold to IMC Equity Group. The seller was Shoma Group. Shoma Village Apartments includes of two eight-story apartment buildings with 304 units and a seven-story parking garage, as well as ground floor retail.
The loan will refinance the Arris Grand, a nine-story, mixed-use complex with 113 apartments in Brooklyn's Clinton Hill neighborhood. Located at 445 Grand Ave., the property features studio to two-bedroom apartments and is 100% leased. Amenities include a rooftop terrace, a fitness center, media and gaming lounges, a pet spa, an outdoor dog run and coworking spaces.
The company acquired Sauer Industrial Center, a 280,000-square-foot distribution center at 943 S. Airport Dr. in Richmond, Va. The building is currently fully leased by two international tenants. Built in 2022 on a 26-acre site, Sauer Industrial Center has 32-foot clear heights, a 200-foot truck court, 46 trailer parking spots and 172 car parking spaces.
The company will use the loan to acquire Marketplace at Braintree, an 85,134-square-foot retail property located in southern Boston. The property is a three-suite condo that is currently fully leased. The seller was undisclosed.
The Village Shoppes at Coconut Creek, a 4.93-acre shopping plaza at 4670-4690 N. State Rd. 7 in Coconut Creek, was sold by Village Shoppes of Coconut Creek Investments. The seller paid $19.6 million for the property in Feb. 2015. The Village Shoppes consists of a 48,000-square-foot main building and an outparcel building rented out to a bank.
The developer offloaded its north Brooklyn mixed-use building, located at 314 Scholes St., to Tri Jay Owner, a limited liability company. Hudson Cos. acquired the roughly 100,000-square-foot building for $27.8 million in 2016. While the building's retail space is fully-leased, office space remains for rent.