Venu Closes $60M Sale-Leaseback Deal For McKinney Concert Venue Land
Entertainment and hospitality company Venu secured a sale-leaseback transaction to complete its McKinney concert venue and pay off its bridge financing.
Net lease news
Wednesday, October 21, 2026
Top stories
Marcus & Millichap Negotiates Sale of New Wawa-Leased Gas Station, Store in Loxley, Alabama
Lee & Associates Arranges $5.5M in Financing for Retail Building in Portsmouth, New Hampshire
DAUM Negotiates $10.6M Sale of Industrial Building in Phoenix
PHOENIX — DAUM Commercial Real Estate Services has negotiated the sale of a freestanding industrial building located at 2520 E. Rose Garden Lane in Phoenix. A private Taiwanese investment company acquired the asset from a privately held California company for $10.6 million.
JLL Arranges Sale of 300,400 SF Industrial Facility in New Albany, Ohio
NEW ALBANY, OHIO — JLL Capital Markets has arranged the sale of New Albany Tech Park 300, a 300,400-square-foot distribution center in the Columbus suburb of New Albany.
Marcus & Millichap Brokers $7.5M Sale of Restaurant Building in Katy, Texas
KATY, TEXAS — Marcus & Millichap has brokered the $7.5 million sale of an 8,753-square-foot restaurant building in the western Houston suburb of Katy. The sales price equates to $874.84 per square foot. The building at 222 W.
'Ultra-Luxury' Inner Loop Office Tower Planned Near The Galleria
Broadstone plans a 32-story, 520K SF luxury office tower near Houston's River Oaks, but a groundbreaking date and equity partner have yet to be determined.
Deals
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Phillips Edison Pays $69.1M for Orlando-Area Retail Center
Phillips Edison acquired Alafaya Square, a 168,532-square-foot grocery-anchored retail center for $69.1 million. The center is located at 81 Alafaya Woods Blvd. in Oviedo, Florida.
Brixton Offloads Dow’s 664K-SF Lake Jackson Facility
Brixton Capital sold the Dow Texas Innovation Center in Lake Jackson to ExchangeRight Essential Income REIT. Brixton Capital had owned the property since November 2020. The campus, built in 2016, spans 34 acres and comprises 664,100 square feet across four buildings.
Rich Development Trades Newly Built Shopping Center
Hanley Investment Group Real Estate Advisors recently arranged the sale of Apple Valley Towne Center, a newly built 87,042-square-foot regional shopping center located at 19390 Bear Valley Rd. in Apple Valley.
JLL Brokers $20.5M Sale of Shopping Center in Hilliard, Ohio
HILLIARD, OHIO — JLL Capital Markets has brokered the $20.5 million sale of Hilliard Rome Commons, a 106,922-square-foot power center in the Columbus suburb of Hilliard. Michael Nieder and Brian Page of JLL represented the seller, RCG Ventures LLC. CASTO was the buyer.
Tenants & leasing
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Two New Retail Tenants Open at Dadeland Station in Miami
MIAMI — Two new anchor retail tenants have opened at Dadeland Station, a 350,000-square-foot, three-level retail power center located in Miami, just east of the Dadeland Mall. Burlington opened in August, followed by Marshalls in September.
Burlington Stores Inks 32K SF at Brooklyn Navy Yard’s Admirals Row Campus
Burlington Stores is coming to the Brooklyn Navy Yard. The retailer formerly known as Burlington Coat Factory signed a 31,717-square-foot retail lease at 25 Navy Street, according to city records filed Tuesday evening.
Dhanani Private Equity Group Welcomes New Tenants to San Antonio Shopping Center
SAN ANTONIO — Dhanani Private Equity Group, a Houston-based owner-operator, has welcomed several new tenants to the 635,000-square-foot Park North Shopping Center in San Antonio.
Connolly Unveils First Wave of Tenants at Publix-Anchored Shopping Center in Metro Atlanta
WOODSTOCK, GA. — Connolly has unveiled its first wave of tenants at Woodstock Mill District, a 118,000-square-foot shopping center underway in downtown Woodstock, roughly 30 miles northwest of Atlanta.
Rates & lending
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Slatt Capital Arranges Life Company Refi for Palm Springs Retail
Slatt Capital arranged a $12,000,000 refinance for Gene Autry Plaza, a 60,629-square-foot multi-tenant retail property located in Palm Springs. Built in 2009, the property was financed through a life insurance company with a five-year term and 30-year amortization schedule.
PNC Lends $96M for Hawaii Retail Portfolio Acquisition
Aloha to permanent financing. 11North Partners has landed $96 million of acquisition debt for the purchase of a two-asset grocery-anchored retail portfolio in Lahaina, Hawaii, on the island of Maui.
Largo Capital Places $24M Permanent Loan for Buffalo Industrial Property
BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has placed a $24 million permanent loan for a 300,000-square-foot industrial property in Buffalo.
Wells Fargo Supplies $456M Refi for Family Dollar’s Distribution Center Portfolio
The owners of Family Dollar have secured $455.7 million to refinance existing loans on its 7.1 million-square-foot portfolio of leased distribution centers, Commercial Observer has learned.
1031 & tax
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SRS Closes 1031 Deal for New-Construction Chick-fil-A
SRS Real Estate Partners completed the $4.72-million ground lease sale of a Chick-fil-A property located at 560 W. Shaw Ave. in Clovis. Situated on 2.19 acres, the 4,847-square-foot property was developed in 2026 and has a 15-year, absolute triple net ground lease in place.
1031 Deadline Means Fast Closing on Lynwood Retail Center
Hanley Investment Group Real Estate Advisors represented the buyer in the acquisition of a Walgreens‑anchored, 39,146‑square‑foot center located at 10901–10927 Atlantic Ave. and 4351 E. Imperial Hwy.
Fully Leased Temecula Retail Sells in 1031 Exchange
Progressive Real Estate Partners SVP Greg Bedell represented a private Los Angeles-based investor in the acquisition of an 8,781-square-foot multi-tenant retail building located at 32435 Temecula Pkwy. within Vail Ranch Plaza for $6,555,555.
ARCTRUST Acquires Seven Triple-Net Properties for DST Offering
ARCTRUST Private Capital acquired a seven-property, single-tenant net lease portfolio comprised of two Pinnacle Bank locations, three CVS Pharmacy locations and two NAPA Auto Parts locations across six states.
Development
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Alliance Building 10th Charlotte Rental Community
Alliance Residential Co. will break ground before the end of this year on Broadstone Enderly Park, a 336-unit community at 1306 Berryhill Road. It will be the company’s 10th apartment project in the Charlotte metro area.
Hollingsworth Cos. to Break Ground on 150-Acre Industrial Park in East Tennessee
SWEETWATER, TENN. — The Hollingsworth Cos. plans to break ground on SouthPoint Business Park, a 150-acre industrial park in Sweetwater, a city in East Tennessee located in Monroe and McMinn counties.
New-Construction Vista Strip Center Goes to Institutional Buyer
JLL Capital Markets completed the sale of Sunroad Plaza, a 23,540-square-foot retail center at 485 Hacienda Dr. in Vista. The price was not disclosed.
Whole Foods-Anchored Retail Nears Construction: The Houston Deal Sheet
This week in commercial real estate news, Dunham Pointe retail with Whole Foods breaks ground soon, 180K SF of new leasing at a Spring office building and more.
10-year Treasury
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FRED DGS10 · End-of-day, not a live quote
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
The Boulder Group Net Lease Research Report, Q2 2026 · Jun 30, 2026. Gold ticks mark the prior quarter when that change is stored.
NNN Numbers
Rates and sourcesWeekly market figures. Each number keeps the date and source it was saved with.
| Property type | Relative level | Cap rate | Change |
|---|---|---|---|
| NNN median ask (Boulder, Q2 2026) | 6.82% | +2 bps | |
| Retail cap | 6.60% | +5 bps | |
| Industrial cap | 7.25% | +10 bps |
The Boulder Group Net Lease Research Report, Q2 2026 (published Jun 30, 2026). Quarterly.
10Y Treasury
400.00%
2Y Treasury
400.00%
Fed funds
3.88%
0 bps vs Oct 18, 2026
30Y mortgage
400.00%
Baa spread
40000 bps
Spread vs 10Y
-39318 bps
Deal Sheet
All sourced deals$60M
Connect CRE$644M
Connect CRE$69.1M
Connect CRE$5M
Connect CRE$20M
Connect CRE$87M
Connect CRE
News by sector
Sector pagesCalculators
All 23 calculators →Cap RateDetermine capitalization rate from NOI and property value.NOICalculate net operating income from revenue and operating expenses.Cash-on-CashCalculate the annual return on cash invested in a property.DSCRDetermine the debt service coverage ratio for loan qualification.IRREstimate the internal rate of return over the hold period.Loan PaymentCalculate monthly mortgage payments including principal and interest.Loan-to-ValueCalculate LTV to see leverage and loan eligibility.Rent EscalationProject future rent payments with annual escalation rates.
Partner toolScreen a full deal with ScoreOMPull the numbers out of an offering memorandum.CRE Learning Center
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NNN InvestingNNN Investment Strategy for Individual Investors
You don't need institutional capital to build a profitable NNN portfolio. This guide covers entry strategies, portfolio construction, financing, and scaling for investors deploying $200K to $5M.
15 min read
NNN InvestingSale-Leaseback Transactions Explained: How NNN Investors Benefit
Sale-leasebacks let businesses unlock real estate equity while investors acquire properties with built-in tenants. Here's how the structure works, who uses it, and what investors should watch for.
13 min read
NNN InvestingHow to Find and Buy NNN Properties: A Step-by-Step Guide
Finding quality NNN deals means knowing where to look, how to underwrite them, and when to walk away. This guide covers the full acquisition process from sourcing to closing.
14 min read
NNN InvestingWhat Is a Triple Net Lease? The Complete NNN Guide for Investors
A triple net lease shifts property taxes, insurance, and maintenance costs to the tenant. This guide covers how NNN leases work, why investors favor them, the different lease structures, typical tenants, and how to evaluate NNN deals.
12 min read
Market TrendsWill Corporations Build Their Own Edge Data Centers for AI?
Analysis of whether enterprises will self-build edge AI data centers or rent from providers. Covers deployment models, cost ranges ($9.3M-$15M/MW), adoption scenarios through 2030, and implications for powered-land investors.
25 min read
Property TypesStrategies for Adding Value in TripleNet Lease Properties
Investing in triple-net (NNN) properties offers stable, passive income, but real value comes from strategic improvements.
4 min read