Charlotte Motor Speedway has sold land near its famous track in Concord, North Carolina, to the Hendrick Motorsports racing team, the Charlotte Business Journal reported. An entity connected to Hendrick purchased the 20-acre site at 7001 Bruton Smith Blvd. in Concord’s…
A California investment firm picked up a data center built in 1992 near Atlanta Hartsfield-Jackson International Airport. The 760 Doug Davis Drive data center purchased by Menlo Equities. An affiliate of Menlo Park, California-based Menlo Equities purchased 760 Doug Davis…
Sagard Real Estate acquired Grande Oaks, a 270-unit garden-style apartment community located in Roswell, Georgia. Starwood Capital Group was the seller. Commercial Edge reports Starwood initially purchased the community in 2021 for $77.7 million. Sagard plans to execute a value-add…
Lone Star Funds has abandoned 55 Allen Plaza to avoid foreclosure. Phoenicia Real Estate Holdings took title to the 14-story, 350,000-square-foot building through a deed in lieu of foreclosure. The deal was valued at $57.8 million. Phoenicia is a subsidiary…
SRS Real Estate Partners recently closed the $2.7-million ground lease acquisition of a Dutch Bros property located at 4085 Cameron Park Dr. in Cameron Park, a suburb of Sacramento. Built in 2024, the 950-square-foot property is situated on 0.87 acres and…
Hanley Investment Group Real Estate Advisors arranged the sale of two standalone buildings occupied by a Chipotle Mexican Grill and an adjacent Starbucks Drive-Thru in Rancho Cucamonga. The sales price was $6.22 million. EVPs Bill Asher and Jeff Lefko of Hanley represented the…
Hanley Investment Group Real Estate Advisors arranged the sale of a new construction, 9,000-square-foot multi-tenant retail pad, Shops II, at the new Anatolia Marketplace shopping center in Rancho Cordova. The sale price was $6.08 million. EVPs Bill Asher and Jeff Lefko…
Northlake Mall opened in 1971, and like most malls from that era, few are still open at designed. Online shopping and COVID have forced most to reinvent themselves. And few have been hit as hard as Northlake. The Charlotte Business…
Wafra Inc. has completed the sale of Short Pump Station, a 91,369-square-foot shopping center in the suburbs of Richmond, Virginia, to Nuveen Real Estate. Wafra had owned the property, located at 11301 W Broad St, Glen Allen, since acquiring it from…
Gindi Equities sold the Lindsey Manor Apartments, a 222-unit multifamily community at 472 Lindsey Street in Kernersville, North Carolina, for $34 million, or approximately $153,000 per apartment. The company says it’s the largest residential transaction of the year in Forsyth…
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