National News

Phase Zero Design expands into North Carolina

Cary, NC Architecture and Interior Design firm, Phase Zero Design, has expadned with the addition of an office in Raleigh, NC. This third office location will officially be open for business as of September 6th, 2022.

Rosewood Realty delivers $24 million multifamily sale in Lexington, Kentucky

Lexington, KY Rosewood Realty Group negotiated the $24 million sale of a 181-unit 17-building multifamily apartment complex, Saddlebrook at Tates Creek.

Cleeman Realty Group brokers the $.213 million off-market sale of a net lease Dollar Tree store in Springfield, IL.

Springfield, IL Cleeman Realty Group negotiated the $1.213 million off-market sale of a net lease Dollar Tree store. The 11,000 s/f building is located at 2707 E. Sangamon Ave. on a 1.24 acre site adjacent to Ruler Foods.

Cleeman Realty Group arranges off-market sale of Marion Oaks, grocery anchored shopping center in Ocala, Fla.

Ocala, FL Cleeman Realty Group arranged the $4.575 million off-market sale of Marion Oaks, a grocery anchored retail center. The 56,877 s/f center is 83% occupied and anchored by a Winn Dixie supermarket. This is the first time that the property has sold since it was originally developed in 1992. Winn

NEI General Contracting opens a Houston area office

Missouri City, TX NEI General Contracting has opened a new office in the Houston area to support its Southwest operations. Led by project executive, Mike Myers, the new office is located at 13360 S. Gessner Rd. “As part of our continued growth, we are excited to open our new office in the Houston area,

Benchmark Senior Living expanding footprint to Greater Washington, D.C. area

Alexandria, VA Over the past 25 years, Benchmark Senior Living, the largest senior living provider in New England, has become an industry leader for independent living, assisted living and memory care. Now, the organization is bringing its award-winning senior care and experiences to Virginia and the greater Washington, D.C. area for the first time with

Cleeman Realty arranges the $8.4 million sale a free-standing Kohl’s in Knoxville, TN

Knoxville, TN Cleeman Realty Group negotiated the $8.4 million off-market sale of a free-standing Kohl’s. The 86,900 s/f building is located at 5312 Washington Pike on a 32 acre lot. Cleeman Realty Group represented the seller in the off-market transaction.

Stiles begins 232-unit multifamily community at Grove Ninety-Eight in Wake Forest, NC

Wake Forest, NC Stiles has commenced construction on a 232-unit multifamily community at Grove Ninety-Eight, a mixed-use master planned development also featuring a 100,000 s/f Wegmans, an additional 80,000 s/f of walkable retail, and 395 “for sale” residential units. The project is located in the evolving North Raleigh submarket,

BG Capital sells Philadelphia industrial facility

Philadelphia, PA BG Capital sold their cold-storage industrial facility to a real estate fund managed by Ares Management for an undisclosed price. The property located at 1801 N 5th St. is a 105,000 s/f, tri-

RK Centers acquires 256,000 s/f Pineapple Commons in Sunny Isles Beach, FL for $48.5 million

Sunny Isles Beach, FL RK Centers has acquired the Pineapple Commons, a regional power center with 256,000 s/f of open-air shopping located on US-1 at 2505 NW Federal Hwy. The purchase price was $48.5 million. The seller was Kimco Realty, represented by broker Dennis Carson of CBRE.