Press Releases

Matthews™ brokered the sale of a Builder’s FirstSource property located at 1331 208th St E, Spanaway, WA. The off-market transaction closed at $22,000,000 and at a 4.85 percent cap rate, setting an all-time national cap rate record for Builders FirstSource facilities. Senior Associate Brett Davis and First Vice President and Senior Director Alexander Harrold handled the transaction.

Matthews™ brokered the sale of 1201 N Lakeline Blvd, a 21,061 square foot retail strip center located in the affluent Austin suburb of Cedar Park, TX. The property is 94.2 percent occupied, including prominent healthcare providers and local eateries. The transaction was handled by Associate DeWitt Goss.

Matthews™ Industrial experts Brendan Phinny and Alexander Harrold were recently nominated for the 2022 Commercial Real Estate Awards’ Best Industrial Deal of the Year by the Los Angeles Business Journal. This comes as a result of their incredible work on the 2140 Davie Ave. and 5830 Triangle Dr. portfolio sale in Commerce, CA. The annual awards recognize the most impactful projects completed within the last 12 months. The portfolio closed for $17.5M and included a sale-leaseback transaction. Matthews™ represented the sellers, International Tea Importers, in the deal.

Matthews™ completed the sale of a DaVita healthcare property, located at 5180 Yelm Highway, Lacey, WA. The transaction closed at 99 percent of the list price and was handled by Associate Melanie Selleck and Director of Western U.S. Retail Devon Dykstra.

Matthews™ Market Leader Andrew Gross recently named a finalist for D CEO’s Commercial Real Estate Awards Emerging Real Estate Professional Under 40. The finalists were chosen based on their outstanding accomplishments and activity as leaders in the Dallas commercial real estate market.

Matthews™ completed the sale of Delaware Consumer Square, a shopping center located at 2670-2730 Delaware Ave, Buffalo, NY. The 239,059 square foot property represents the largest shopping center sold in Western New York in 2021. The center is anchored by retail giant Target and is one of only six Target-anchored centers to sell in 2021 throughout North America. The transaction closed at $29,000,000 and was managed by Associate Vice President Zack Bates and Executive Vice President and National Director Ben Snyder.

Matthews™ completed the portfolio sale of CarwashU, located at 6929 103rd Street, Jacksonville, FL and 950 Park Avenue, Orange Park, FL. The transaction was structured as a business sale with a simultaneous sale-leaseback to a third party. This allowed the business buyer to reduce the amount of capital required to purchase the operations. Senior Associate Beryl Grant and Associate Vice President Clay Smith managed the sale.

Matthews™ brokered the sale of Southland Crossings, a grocery-anchored shopping center located at 300 Doral Drive, Boardman, OH. The 245,678 square foot property represents the third-largest grocery-anchored center sold in Ohio in 2021. The transaction closed at $28,400,000 and was handled by Senior Associate Jonah Yulish, Associate Vice President Zack Bates, Executive Vice President and National Director Ben Snyder.

Matthews™ brokered the acquisition of a two-property multifamily portfolio in Los Angeles. The assets are located at 21707 Saticoy Street, Canoga Park, CA, and 20815 Sherman Way, Winnetka, CA. The portfolio was 77 units total and closed at $17,500,000 at a five percent cap rate. Associate Adam Feldman, Senior Associate John Boyett, and Senior Vice President and Senior Director Daniel Withers handled the transaction.