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Three-story gray-sided Bayonne multifamily property at 301 Broadway with a covered front porch

Bayonne Multifamily Property Trades at 97% of List Price

BAYONNE, NEW JERSEY—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the sale of a multifamily property located at 301 Broadway in Bayonne, New Jersey. Senior Vice President & Director David Ferber facilitated the $1,165,000 transaction. The seller, a repeat Matthews™ client, brought the property to market to capitalize on strong investor demand. Leveraging the firm’s proprietary AI platform, Artemis, Ferber targeted multifamily investors throughout Bayonne, Hudson County, and North Jersey, generating a competitive buyer pool. Ferber directly sourced the buyer, whose combination of pricing and certainty of execution maximized value for the seller and allowed the transaction to close efficiently at 97 percent of the list price. Located in Bayonne, the six-unit property is 100 percent free market and offers approximately 21 percent rental upside. The asset features renovated units, in-unit laundry, separately metered utilities, and recently replaced roof and boilers. Situated approximately an eight-minute walk from the 8th Street Light Rail Station, the property provides convenient access to Manhattan via the PATH train. “Buyers responded to the combination of strong in-place income, free-market rents and meaningful remaining upside,” Ferber said. “The seller had a well-maintained asset with a number of major improvements already completed, which allowed us to create strong interest and ultimately close at 97% of the asking price. It’s another example of the continued demand we’re seeing for well-positioned Bayonne multifamily properties.” Matthews™ is also marketing four additional Bayonne properties for sale. View properties here. For more information, please contact David Ferber or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of David Ferber, CPA Author

David Ferber, CPA

Senior Vice President & Director

Exterior and aerial views of Mid-Pinellas Medical Center, a medical office sale in St. Petersburg, Florida

$10.4M Medical Office Redevelopment Sets Eight-Year Pricing Benchmark in South Pinellas

ST. PETERSBURG, FL—Matthews™, a commercial real estate investment services and technology firm, facilitated the transaction off-market by connecting the buyer and seller in the sale of Mid-Pinellas Medical Center, located at 2805 54th Avenue North in St. Petersburg, Florida. Associate Vice President Jake Allen brokered the $10,400,000 deal, marking the highest sale price for a medical office sold in the South Pinellas submarket within the last eight years. The seller, Rubin Real Estate Advisors, elected to divest the asset as part of a strategy to capitalize on the successful redevelopment and redeploy capital into future growth opportunities. Given Allen’s experience throughout Florida and the broader national healthcare market, he connected the seller with Sphere Investments, a Miami-based private investment group seeking a stabilized medical asset as part of a 1031 exchange. The buyer was drawn to the property’s established tenant roster, high-quality medical buildouts, above-market contractual rent increases, and long-term growth potential. Originally a Harley-Davidson dealership and showroom, the 23,477-square-foot property was acquired by Rubin Real Estate Advisors for approximately $3.3 million in 2019 and redeveloped into a stabilized medical outpatient facility. Today, the property is 100 percent occupied by Orthopedic Medical Group of Tampa Bay, ChenMed, and Tampa Bay Breathe Free. During the transaction, Allen secured a new 10-year lease extension with Orthopedic Medical Group. The asset traded for approximately $435 per square foot at a 6.4% cap rate. “The firm’s national healthcare platform allowed us to bring meaningful value to both sides of the transaction,” Allen said. “We provided the buyer with detailed market insight around rents, comparable sales, and healthcare investor demand, while leveraging our relationships in the market to help the seller identify a qualified buyer and successfully execute the sale.” For more information, please contact Jake Allen or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of Jake Allen Author

Jake Allen

Associate Vice President

Aerial view of Brickyard Industrial Park, a San Diego industrial business park with multi-tenant brick and white-roofed buildings

Rare Multi-Tenant Industrial Asset Trades in San Diego County

SAN DIEGO, CA—Matthews™, a commercial real estate investment services and technology firm, successfully brokered the acquisition of Brickyard Industrial Park, located at 1310-1344 Industrial Avenue in Escondido, California. First Vice President & Senior Director Chris Nelson and First Vice President Jacob Castro represented the buyer in the transaction. Following a successful hold period, the seller, Focus Real Estate, elected to sell the property to capitalize on their investment. The buyer, a family partnership completing a 1031 exchange, sought a stabilized multi-tenant industrial asset that aligned with their long-term investment criteria. Leveraging their deep knowledge of the local market and longstanding relationships within the industrial sector, Nelson and Castro secured the property for the buyer, completing the acquisition just 11 days after the closing of the buyer’s downleg. Brickyard Industrial Park is a 37,472-square-foot multi-tenant industrial property located within North County, one of San Diego’s core industrial submarkets. The fully stabilized asset offered the buyer an established investment with no significant capital improvements or repositioning required, supporting its strategy for a long-term hold. “Investor appetite for well-positioned industrial assets remains strong throughout San Diego County,” Nelson said. “The combination of a stabilized tenant base, limited capital requirements, and a strong infill location makes assets like Brickyard particularly attractive to long-term investors.” For more information, please contact Chris Nelson and Jacob Castro or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of Chris Nelson Author

Chris Nelson

First Vice President & Senior Director

At Home Storage self-storage facility Bozeman MSA with blue-roofed buildings and snowy mountains

95,660 NRSF Self-Storage Facility Trades in Bozeman MSA

BOZEMAN, MT—Matthews™, a commercial real estate investment services and technology firm, facilitated the disposition of At Home Storage, located at 1205 Rizzo Lane in Belgrade, Montana. Matthews™ Associate Vice President Mason Gates and Vice President Ben Tracy represented the seller in the transaction, with Brian Brockman as the broker of record. The seller, a local developer, brought the asset to market to capitalize on the investment after developing the property across four phases beginning in 2021. Leveraging their local market expertise and sector knowledge, Gates and Tracy created a competitive marketing process, directly sourcing Storage Rentals of America (SROA) as the buyer. SROA, which already had an established footprint in the surrounding market, identified the asset as a complementary addition to its local portfolio. The transaction ultimately closed with the first buyer placed in escrow, providing the seller with certainty of execution while allowing SROA to expand its existing footprint in the market. Located within the Bozeman MSA, the asset serves the growing Belgrade and Gallatin Valley communities, where Belgrade’s population has increased more than 25 percent since 2020. Positioned near Bozeman Yellowstone International Airport, the property spans approximately 7.02 acres and comprises 95,660 net rentable square feet across 601 units. “This disposition required a specialized, granular approach to achieve the desired outcome for our client. We were highly proactive in our marketing to frame the opportunity in the most accurate and compelling light,” Gates said. “Ultimately, our articulation of the remaining operational upside, grounded in defensible underwriting, established credibility with the buyer early in the transaction.” For more information, please contact Mason Gates and Ben Tracy or visit www.matthews.com. Brian Brockman License No. RRE-BRO-LIC71129 (MT) About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of Mason Gates Author

Mason Gates

Associate Vice President

Matthews Top Brokerage PHX Business Journal_Blog

Matthews™ Ranked Among Phoenix’s Top 10 CRE Brokerages by Phoenix Business Journal

PHOENIX, AZ— Matthews™ has been recognized by the Phoenix Business Journal as one of the Valley’s largest commercial real estate brokerage firms, ranking #10 on its 2026 list.   The annual ranking evaluates commercial real estate brokerages throughout the Phoenix metropolitan area based on the number of licensed commercial agents and brokers. The 2026 list features 32 firms and highlights the region’s leading brokerages, alongside their commercial sales and leasing activity in 2025.   The recognition underscores Matthews™ continued expansion and established presence in the Phoenix commercial real estate industry. Since opening its Phoenix office in 2020, the firm has strengthened its regional operations while supporting its growing national platform. Through its investment sales, leasing, and capital markets services, Matthews™ continues to expand its reach across Arizona and beyond.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

Image of Matthews™ Agents Named 2026 CRE Visionaries by LA Times Success Story

Matthews™ Agents Named 2026 CRE Visionaries by LA Times

LOS ANGELES, CA— Matthews™ Executive Vice President & Senior Director Daniel Withers and Senior Vice President & National Director of Retail Leasing Michael Pakravan have been recognized as 2026 Commercial Real Estate Visionaries by the LA Times Studios.   The annual recognition honors Southern California’s most accomplished commercial real estate professionals for their career achievements, leadership, contributions to their organizations, and impact on the broader industry. Honorees are selected based on standout accomplishments over the past two years, sustained professional excellence, and meaningful community involvement.   With more than 25 years of commercial real estate experience and over $1.5 billion in closed transactions, Withers has played an instrumental role in expanding Matthews™ presence throughout Southern California. Since spearheading the firm’s Encino office expansion in 2017, he has developed a top-producing operation serving the San Fernando Valley, Westside, and Central Los Angeles markets. His recent accomplishments include the $14.75 million sale of Newcastle Towers Apartments in Encino and the $10.425 million sale of an oceanfront multifamily property in Laguna Beach. Beyond his transactional achievements, Withers is recognized for his mentorship and community involvement, including his support of the Phase One Foundation and youth baseball.   Pakravan has spent nearly nine years expanding Matthews™ retail leasing platform into a national operation overseeing more than 30 agents. With extensive experience in landlord and tenant representation, he consistently completes 80 to 90 lease transactions annually and has generated more than $32 million in transaction volume over the past two years. His recent accomplishments include securing a 10-year lease for Chamberlain Coffee on Abbot Kinney Boulevard and identifying multiple Southern California drive-thru locations for StormBurger. Pakravan also serves on the ACRE SoCal Board and remains actively involved in mentoring the next generation of commercial real estate professionals.   Click here to learn more about this award and its recipients.

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Matthews™ Named Among the Top 30 Largest CRE Brokerage Firms in Southern California by LA Times

LOS ANGELES, CA— Matthews™ has been recognized by the Los Angeles Times as one of Southern California’s 30 largest commercial real estate brokerage firms, ranking No. 23 based on 2025 transaction volume.   The annual ranking recognizes the region’s leading commercial real estate brokerage firms based on total sales and leasing transaction volume across Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties.   In addition to the firm’s recognition, Matthews™ President David Harrington has been selected among the Top Local Executives as part of the 2026 Top Commercial Real Estate Brokerage Firms.   This recognition highlights Matthews™ continued presence in the Southern California commercial real estate market and its commitment to delivering investment sales, leasing, and capital markets services across a diverse range of asset classes. Through its expanding platform and specialized market expertise, the firm continues to strengthen its position in one of the nation’s most competitive commercial real estate markets.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

Image of David Harrington Author

David Harrington

President

Image of Matthews™ EVPs Named 2026 Influencers in Multifamily by GlobeSt Success Story

Matthews™ EVPs Named 2026 Influencers in Multifamily by GlobeSt

NEW YORK, NY— Matthews™ Executive Vice Presidents Stephen Dadourian and Brock Emmetsberger have been named 2026 Influencers in Multifamily by GlobeSt.   This recognition highlights professionals whose leadership, transaction activity, market expertise, and broader industry contributions are helping share the multifamily sector.   Dadourian was recognized for his more than four decades of experience across Lower Manhattan, where he specializes in investment sales throughout complex submarkets including Chinatown, SoHo, and the Lower East Side. Since 2023, he has closed nearly $60 million in transaction volume, including the $15.25 million sale of 158 Lafayette Street in the SoHo Cast Iron District, which generated 16 competitive offers, as well as the recent $2.25 million disposition of 18 Pell Street in Chinatown. His deep market expertise is rooted in his tenure as co-founder of DG Hart Associates, where he helped build and grow the firm over two decades. Dadourian also serves on the Advisory Board of the Chinatown Partnership Local Development Corporation and the Board of Trustees for the Eastern Diocese of the Armenian Church.   Emmetsberger was recognized for a career spanning nearly $2 billion in transaction volume across close to 200 properties. With deep expertise in Manhattan investment sales, he has played a particularly prominent role in West Chelsea, where he has negotiated more multifamily development site sales than any other broker in New York City following the 2005 rezoning. Since joining Matthews™ in 2023, Emmetsberger has helped drive the New York multifamily division’s listing of more than $300 million in assets, including the $15.25 million sale of 158 Lafayette Street and the $13 million disposition of 430 Hudson Street. He is an active member of the Real Estate Board of New York, leads the KDA Legacy Foundation, and supports preservation efforts through his involvement with Friends of the High Line.     Click here for more information about this award and its recipients.

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Matthews™ VPs Recognized as 2026 Inspirational Women in Business by LA Times

LOS ANGELES, CA— Matthews Vice Presidents Lori Girgis, Marketing and Julia Leonard, Operations have been recognized by Los Angeles Times Studios as 2026 Inspirational Women in Business.   The Los Angeles Times Inspirational Women Forum & Leadership Awards recognize standout leaders for their achievements, influence, and impact across industries and communities. The annual program celebrates women who are driving new ideas, building influence, and creating new paths forward within their organizations and industries.   Girgis and Leonard have played integral roles in supporting Matthews’™ national growth, bringing leadership and innovation to two critical areas of the business while helping build the infrastructure and strategy necessary for the firm’s continued expansion.   Click here to learn more about this award and its nominees.

Aerial view of the 13.29-acre industrial land sale site at 10990 N Woodside Ave in Santee, California

Matthews™ Sets East County Five-Year Benchmark with Industrial Land Sale

SAN DIEGO, CA—Matthews™, a commercial real estate investment services and technology firm, represented the seller in the disposition of an industrial development site located at 10990 N Woodside Ave in Santee, California. First Vice President & Senior Director Chris Nelson facilitated the transaction, marking the largest sale price for an industrial land site in the East County submarket sold within the last five years. Spanning approximately 13.29 acres, the industrial-zoned site represents one of Southern California’s largest undeveloped infill industrial land parcels. A private family partnership that had operated the property as a drive-in movie theater sold the property to capitalize on its industrial zoning and pursue a strategic capital redeployment. Targeting developers with experience in large-scale industrial projects, Nelson created a competitive bidding environment that generated nearly 30 offers. Nelson identified the buyer, North Palisades Partners, which was attracted to the property’s scale and development potential, with plans to develop approximately 300,000 square feet of logistics space. As market conditions shifted during escrow, Nelson worked to restructure the transaction from an unentitled land sale to a fully entitled closing, reducing entitlement risk for the buyer. The site plan was also reimagined from a single-tenant cross-dock facility to smaller, divisible tenant footprints, better aligning the development with evolving tenant demand and available capital. This strategy provided the seller with greater certainty of execution while allowing the buyer to pursue a more flexible development plan aligned with current market demand. Spanning approximately 13.29 acres, the level, industrial-zoned site represents one of Southern California’s largest undeveloped infill industrial land parcels. The property features frontage along SR-67 and is strategically positioned within the East County submarket, providing connectivity throughout the greater San Diego region and access to a supply-constrained infill industrial market. “Getting a transaction of this scale across the finish line in a changing market required constant problem-solving,” Nelson said. “We remained focused on finding solutions that addressed the priorities of both the seller and buyer as the deal evolved.” For more information, please contact Chris Nelson or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of Chris Nelson Author

Chris Nelson

First Vice President & Senior Director

Aerial view of the Academy Sports + Outdoors storefront and parking lot in Brenham, Texas, subject of the Academy Sports + Outdoors disposition

Matthews™ Closes Disposition of Academy Sports + Outdoors at 98% of List Price

HOUSTON, TX—Matthews™, a commercial real estate investment services and technology firm, represented the seller and buyer in the disposition of Academy Sports + Outdoors, located at 1041 Nolan Street in Brenham, Texas. Associate Vice President Joshua Longoria facilitated the transaction. The seller, a private Houston-based business owner and longtime Matthews™ client, brought the asset to market as a capital redeployment strategy. Drawing on deep market knowledge and longstanding industry relationships, Longoria targeted qualified buyers and ultimately sourced the acquiring REIT through a cold call. The buyer was drawn to the property’s long-term tenancy, recent construction, and position within the Brenham market, which aligned with its fund’s acquisition strategy. Following the four-month process, the transaction closed at 98 percent of the property’s listing price. Located along U.S. Highway 290, the property is strategically positioned between Houston and Austin and benefits from proximity to several major national retailers. Constructed in 2023, the 63,224-square-foot asset sits on approximately 5.97 acres and is leased to Academy Sports + Outdoors under a long-term, corporately guaranteed NNN lease. The lease extends through March 2039 and includes scheduled rental increases and three five-year renewal options, providing long-term tenancy and contractual rent growth. “This deal is a great example of the persistence and hustle that define how we approach transactions at Matthews,” Longoria said. “When challenges came up, we stayed engaged, found solutions, and kept pushing the deal forward until we got it across the finish line.” For more information, please contact Joshua Longoria or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of Josh Longoria Author

Josh Longoria

Associate Vice President

Aerial view of Sweet Apple Village sale property, a Class A multi-tenant retail center in Roswell, Georgia

Sweet Apple Village Trades for First Time in 15 Years

ATLANTA, GA—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the disposition of Sweet Apple Village, a multi-tenant retail asset, located at 12060 Etris Road in Roswell, Georgia. Senior Vice Presidents Jeff Enck, Kyle Stonis, and Pierce Mayson and Associate Vice President Boris Shilkrot brokered the transaction, marking the highest sale price for a retail property sold within the Roswell/Alpharetta submarket in the last four years. Having executed a value-add initiative throughout its ownership, repeat client Ziff Real Estate Partners engaged Matthews™ to bring the asset to market for the first time in 15 years as part of a broader capital recycling initiative. Leveraging its extensive network of shopping center investors, Matthews™ ran a highly competitive marketing process that generated offers from some of the top professional buyers of unanchored retail. The firm directly sourced the buyer, SouthCoast, which acquired the center as a strategic addition to its portfolio of unanchored retail properties throughout the Southeast. The 98.15% occupied Class A asset features a diverse mix of national and regional, e-commerce-resistant and essential-service tenants across food, beverage, fitness, wellness, medical, education, and other daily-needs uses. No single tenant occupies more than 12% of the total GLA, creating a diversified income stream and reducing the property’s reliance on any one occupant. “We are extremely pleased with the pricing achieved in this transaction,” Enck said. “Unanchored retail continues to attract strong investor demand, particularly for centers with essential-service tenants and smaller, replaceable shop spaces. We saw that firsthand with Sweet Apple Village, where a competitive process drew interest from both private and institutional capital.” Also being marketed for sale by Matthews™ are Jefferson Square in Pine Bluff, Arkansas, Cross Creek in Memphis, Tennessee, and Wisdom Pointe Village in Peachtree City, Georgia. For more information, please contact Jeff Enck, Kyle Stonis, Pierce Mayson, and Boris Shilkrot or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of Jeff Enck Author

Jeff Enck

Senior Vice President

Brick facade of a 12-unit Bayonne multifamily sale property at 514 Kennedy Boulevard in New Jersey

Bayonne Multifamily Sale Sets 2026 Price-Per-Unit High at $212,500

NEW YORK, NY—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the $2,550,000 sale of a multifamily property located at 514 Kennedy Boulevard in Bayonne, New Jersey. Senior Vice President & Director David Ferber closed the transaction at 98% of the list price. The closing marked the highest price-per-unit sale for a Bayonne multifamily property with more than six units year to date in 2026 at $212,500 per unit, setting a new pricing benchmark for this segment of the local market. The seller, an experienced multifamily operator who rarely sells, engaged Matthews™ to bring the building to market. Ferber generated four serious offers within two weeks of signing the listing, and directly sourced the buyer. The contract was circulated the next week and signed several weeks later, with the transaction proceeding smoothly to close at just north of a 6.5% cap rate. Comprised of 12 100% free-market apartments, the property offers two- and three-bedroom layouts with 24% potential rental upside. The building features renovated units, on-site laundry, recently replaced boilers and roof, and separately metered units. Located within the Constable Hook submarket, the property is approximately a nine-minute walk from the 22nd Street Light Rail Station, providing convenient access throughout Hudson County and into New York City. “The response came quickly because buyers recognized the combination of free-market rents, current income, and room to grow,” Ferber said. “This seller had built a strong asset and was selective about selling. Securing a buyer so quickly and closing at this price was a strong outcome for ownership and a clear sign of demand for well-positioned Bayonne multifamily properties.” Matthews™ is also marketing four additional Bayonne properties for sale. View properties here. For more information, please contact David Ferber or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of David Ferber, CPA Author

David Ferber, CPA

Senior Vice President & Director

Aerial view of brick multifamily buildings at 60 S Munn Ave and 235 S Harrison St, an East Orange multifamily auction

Two East Orange Multifamily Investment Opportunities Hit the Auction Block

EAST ORANGE, NJ—Matthews™, a commercial real estate investment services and technology firm, recently listed two multifamily buildings located at 235 S Harrison St and 60 S Munn Ave in East Orange, New Jersey. Senior Vice President & Director David Ferber, Vice President of Auction Services Robert Anderson, and Associate Brendan Cina are exclusively marketing the assets for sale via auction, with bidding for each property running from Oct. 19 through Oct. 21. Robert Towers | 60 S Munn Ave Starting bid: $5 Million Robert Towers is a 206-unit, 12-story multifamily property offering significant value-add potential through continued renovations and rental growth. Approximately 70% of the units have undergone renovations over the past 10 years, with additional opportunity across the remaining units and approximately 14% rental upside. The property also features 116 on-site parking spaces and a diverse mix of studio, one-, two-, and three-bedroom residences. View auction details here. 235 S Harrison St Starting Bid: $2 Million The 84-unit, five-story multifamily property offers approximately 15% rental upside, with more than 95% of its units renovated between 2016 and 2021. The property features 52 on-site parking spaces, upgraded common areas, and approximately 1,970 square feet of rentable retail and office space, providing an additional source of potential income. View auction details here. Matthews™ leveraged Artemis, the firm’s proprietary technology platform, and its internal network to identify an existing relationship with the seller and bring both opportunities to market. Both properties offer convenient connectivity throughout the New York metropolitan area, with nearby NJ Transit service providing direct access to Midtown Manhattan in approximately 30 minutes. East Orange is benefiting from major development projects like the $425 million Crossings at Brick Church Station, which is expected to add hundreds of new residences, along with retail, restaurant, and office space. “It’s rare to bring nearly 300 units to market at the same time in East Orange, particularly with this level of value-add potential,” Ferber said. “The auction process gives investors a unique opportunity to acquire one or both assets and establish meaningful scale in a growing North Jersey multifamily market.” For more information, please contact David Ferber, Robert Anderson, and Brendan Cina, or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.  

Image of David Ferber, CPA Author

David Ferber, CPA

Senior Vice President & Director

Avondale Gardens 124-unit South Florida property financed with a multifamily acquisition loan by Matthews Capital Markets

Matthews™ Capital Markets Secures $13.875M Acquisition Loan for 124-Unit South Florida Multifamily Property

MIAMI, FL—Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews™, secured a $13,875,000 acquisition loan for Avondale Gardens, a multifamily community located at 111 Avondale Drive in Pompano Beach, Florida. First Vice President & Associate Director Andrew Marcus and Associate Matthew Jones facilitated the financing on behalf of the borrower. The borrower, a repeat Matthews™ client, was seeking to complete financing on a tight timeline to satisfy the up-leg of a 1031 exchange. Structured at 75% loan-to-value with a 5.25% interest rate, a 10-year term, 30-year amortization, and 24 months of interest-only payments, the financing provided favorable terms while accommodating the time-sensitive acquisition. Jones and Marcus leveraged their lender relationships and market expertise to secure competitive bank financing, delivering speed of execution without sacrificing terms and closing just 42 days after the term sheet. Located in the Outer Pompano Beach/Deerfield Beach submarket, Avondale Gardens is positioned near West Atlantic Boulevard and I-95, offering connectivity throughout the South Florida MSA. The property is also within convenient reach of Cypress Creek Station and Fort Lauderdale-Hollywood International Airport. “This deal consisted of 124 units across a 12-building complex spanning almost four acres,” Jones said. “We were thrilled to get this done in a timely fashion for a repeat client, helping them quickly satisfy a 1031 exchange on a tight deadline.” For more information, please contact Andrew Marcus and Matthew Jones or visit www.matthews.com. About Matthews™ Capital Markets The Matthews™ Capital Markets (MCM) is a fully integrated and dedicated financing division of Matthews™. MCM provides capital solutions for all property types across the U.S.

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Andrew Marcus

First Vice President & Associate Director

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Matthews™ FVP & Associate Director Named Dealmaker of the Year by ApartmentBuildings.com

ATLANTA, GA— Matthews™ First Vice President and Associate Director Connor Kerns has been recognized by ApartmentBuildings.com as a recipient of its AB 100 Dealmaker of the Year Award.   The AB 100 Dealmaker of the Year Award recognizes professionals who demonstrate creativity, skill, and success within the multifamily industry, highlighting dealmakers whose transaction activity, market expertise, and leadership have made an impact across the sector.   Kerns was recognized for his work advising clients on the acquisition and disposition of multifamily assets throughout the Atlanta MSA and broader Southeast. In 2025, he co-led the $44.75 million sale of Loray Mill Lofts, a 189-unit adaptive reuse community in Gastonia, North Carolina, that also includes approximately 75,000 square feet of commercial space. He also represented the seller in the sale of The Apex, a newly constructed 144-unit Class A multifamily community in Tifton, Georgia, and led the $17.4 million sale of a four-property student housing portfolio near Clemson University in South Carolina.   In addition to his transaction experience, Kerns serves as a leader within Matthews™’ multifamily platform, mentoring agents across the Southeast and providing market knowledge and transaction expertise. He also leads training sessions for interns and new hires, supporting professional development and a culture of collaboration across the firm. Kerns was previously recognized by GlobeSt. as a 2023 Influencer in Multifamily and is a recipient of the Matthews™ Chairman’s Award.     Click here to learn more about this award and its recipients.

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Matthews™ VP Recognized as M&A Dealmaker of the Year by LABJ

LOS ANGELES, CA— Matthews™ Vice President of Corporate Advisory Aria Pournazarian has been recognized by the Los Angeles Business Journal as an M&A Dealmaker of the Year.   The Los Angeles Business Journal’s M&A Awards celebrate both the Deals of the Year, recognizing standout mergers and acquisitions that demonstrated strategic vision and market impact, and the Dealmakers of the Year, highlighting attorneys, lenders, investment bankers, private equity leaders, and due diligence professionals for their overall impact on successful M&A activity.   Click here to learn more about this award and its nominees.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

Aerial view of 2025 Gillespie Way industrial distribution building in Gillespie Field Business Park, site of the El Cajon industrial sale

Matthews™ Executes Landmark $24M Industrial Sale in El Cajon, California

SAN DIEGO, CA—Matthews™, a commercial real estate investment services and technology firm, successfully completed the $24,000,000 sale of an industrial property located at 2025 Gillespie Way in El Cajon, California. First Vice President & Senior Director Chris Nelson represented the buyer in the transaction, marking the second-largest industrial sale by price in San Diego’s East County submarket history and the second-largest building ever to sell in El Cajon. Leveraging the firm’s AI-powered proprietary data platform, Artemis, Nelson identified the well-located San Diego industrial asset as a compelling opportunity with three logistics tenants in place and long-term flexibility. Nelson brought the buyer, a limited partnership of several local investors, to the table. During escrow, Nelson conducted an extensive feasibility study to evaluate the building’s flexibility in the event of future vacancy. The analysis determined the property could be divided into spaces as small as approximately 25,000 square feet, significantly expanding the potential tenant pool and mitigating future vacancy risk by reducing reliance on larger users. Located within Gillespie Field Business Park, a master-planned industrial park in San Diego’s East County, the 150,159-square-foot facility is ideally positioned near several of the region’s major transportation corridors, including I-8 and SR 52, 67, and 125. The fully occupied property features 27-foot clear heights, 15 exterior docks, four drive-in doors, six levelers, and heavy power, supporting a range of industrial and distribution uses. With less than 5% of the submarket’s inventory consisting of true dock-high distribution space, the property is one of the market’s few Class A distribution options. “Securing this asset reflects our deep understanding of the local industrial landscape,” Nelson said. “The value here goes beyond the building’s size. Scarcity of product type, flexibility of configuration, and location to relative basis position the buyer for long-term success in a highly competitive market.” For more information, please contact Chris Nelson or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Chris Nelson

First Vice President & Senior Director

Aerial view of Wantage Plaza shopping center and CubeSmart self storage facility on NJ-23 in Wantage, New Jersey

U-Haul® Acquires Wantage Plaza and CubeSmart in Strategic New Jersey Expansion

NEWARK, NJ—Matthews™, a commercial real estate investment services and technology firm, represented the seller in the successful disposition of Wantage Plaza & CubeSmart (managed), a 116,450-square-foot mixed-use retail and storage center, located at 205 NJ-23 in Wantage, New Jersey. Senior Vice President & Associate Director Patrick Forkin and Vice President Rob Cook facilitated the transaction. The seller, a local private family office, monetized the asset to strategically reposition its holdings through a 1031 exchange. Given the site’s unique offering, Forkin and Cook combined their respective sector expertise and leveraged the firm’s proprietary database to reach a diverse pool of retail and self-storage investors locally and nationally. Generating a competitive bidding environment with multiple offers, Forkin and Cook directly sourced the buyer, AMERCO Real Estate Company (U-Haul). The transaction provided U-Haul an opportunity to expand its market presence through a new location while achieving the seller’s pricing objectives and providing additional time to secure the up-leg of its 1031 exchange. Situated on approximately 13 acres along NJ-23, the property consists of a 34,292-square-foot shopping center and an 82,158-square-foot self-storage facility. The fully leased retail component features a diverse mix of local and regional service, restaurant, and specialty retail tenants on NNN leases, with tenants occupying the center for an average of 19 years. The self-storage facility, previously managed by CubeSmart, includes 527 climate-controlled units and 108 secured RV and boat parking spaces, with additional land available for future self-storage expansion. “Through an extensive marketing process across our retail and self-storage platforms, we generated significant interest and multiple offers from qualified buyers,” Forkin said. “That competition allowed us to negotiate the strongest possible deal terms for our client and ultimately achieve their objectives for the sale.” For more information, please contact Rob Cook and Patrick Forkin or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Patrick Forkin

Senior Vice President & Associate Director

Exterior of NVA-leased VRC veterinary hospital in Malvern, Pennsylvania, the subject of a Matthews veterinary hospital disposition

Matthews™ Achieves Market-Leading Cap Rate in $12.4M Veterinary Hospital Disposition

PHILADELPHIA, PA—Matthews™, a commercial real estate investment services and technology firm, represented the buyer and seller in the disposition of a veterinary hospital located at 340 Lancaster Ave in Malvern, Pennsylvania. Executive Vice Presidents and Senior Directors Michael Moreno  and Rahul Chhajed, Senior Vice President and Director Andrew Evans, and Vice President and Director Tyler Swade brokered the $12,400,000 transaction. The property is leased under a long-term NNN structure to National Veterinary Associates (NVA), one of the country’s largest veterinary care operators, and houses an established specialty and emergency practice that has served the region since 1972. The all-cash transaction resulted in a market-leading cap rate for an NVA-leased veterinary facility. “The veterinary real estate sector continues to demonstrate exceptional liquidity, driven by robust institutional demand for high-caliber operators like NVA,” Moreno said. “The sale of this single-tenant medical facility underscores the ongoing investor confidence in top-tier, recession-resilient veterinary assets.” Spanning 25,477 square feet, the veterinary hospital is positioned within Chester County, an affluent and growing suburban Philadelphia market. Looking to capitalize on strong institutional demand for veterinary real estate, the seller pursued the disposition of the facility. Matthews™ directly sourced a buyer attracted to the strength of the underlying real estate and NVA tenancy. “Leveraging our deep capital markets relationships, we sourced a highly competitive offer from a repeat institutional buyer,” Chhajed said. “This allowed us to deliver an efficient transaction structure and exceptionally attractive pricing terms for the seller.” “As the most active healthcare division in the veterinary real estate space, we continue to see strong appetite for well-located, single-tenant assets backed by premier operators,” Evans said. “This closing in Malvern further reinforces our ability to consistently deliver competitive outcomes in this specialized sector.” Also being marketed for sale by Matthews™ are VCA Old Marple Animal Hospital in Springfield, Pennsylvania, and Sienna Plantation Animal Hospital in Missouri City, Texas. Additional opportunities include Fort Worth Veterinary Specialty & Emergency Hospital in Fort Worth, Texas, and the AmeriVet Veterinary Partners Portfolio in Columbus, Georgia. For more information, please contact Rahul Chhajed, Michael Moreno, Andrew Evans, and Tyler Swade or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.      

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Michael Moreno

Executive Vice President & Senior Director

Headshot of Anthony Warren over the Charlotte skyline for Matthews car wash investment sales new hire announcement

Matthews™ Continues Charlotte Growth with First Vice President Hire

CHARLOTTE, NC—Matthews™, a commercial real estate investment services and technology firm, welcomed Anthony Warren as First Vice President in Charlotte, North Carolina. Warren specializes in car wash investment sales across the Southeast, advising owners, private equity-backed operators, and regional groups on the acquisition and disposition of car wash platforms, portfolios, and single-tenant retail properties, including net lease and sale-leaseback assets. Prior to joining Matthews™, Warren served as Chief Development Officer and Partner at Links Car Wash, where he led acquisitions and development, growing the platform from its first deal in 2024 to 38 properties across four states by the end of 2025. Bringing more than 15 years of experience, Warren has been involved in more than 60 car wash sites and led more than $300 million in acquisitions and development as a principal or executive. For Warren, joining Matthews™ provides an opportunity to pair his firsthand experience as an owner, operator, and developer with the firm’s national relationships and capital markets capabilities to better serve clients throughout the Southeast. “My experience in car wash operations, acquisitions, and development has taught me to look at both the business and the real estate behind every transaction,” Warren said. “At Matthews, I want to be the person owners and investors call when they’re ready to buy or sell a wash, find their next site, or simply talk through their options.” Bill Pedersen, Regional President of the East, says Warren will play an important role in expanding the firm’s car wash investment sales capabilities throughout the Southeast. “Anthony is exactly the type of senior-level professional we want to continue adding to Matthews,” Pedersen said. “He brings tremendous credibility from his experience operating, developing, and acquiring assets within the car wash industry, and that perspective will be incredibly valuable to our clients. We’re excited to have him in Charlotte and believe he can play a major role in expanding our presence across the Southeast.” Matthews™ is pleased to welcome Warren as the firm continues to expand its presence in Charlotte. This announcement follows Matthews™’ move into its new 5,026-square-foot flagship office at 127 W Worthington Ave., Ste. 230, Charlotte, NC, marking another step in the firm’s continued investment across the market. For more information, please contact a Matthews™ specialized agent or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Bill Pedersen

Regional President, East