Press Releases

Matthews™ completed the sale of a Walgreens property, located at 2903 N US-17 Hwy, Mount Pleasant, SC. The deal was completed off-market and closed at $8,326,000.

Matthews™ completed the sale of Truck Service Depot, a single tenant industrial property located at 4785 Fulton Industrial Blvd SW, Atlanta, GA. Built in 2018, Truck Service Depot serves as a mechanical shop and repair service. The transaction closed $750,000 over the list price at $7,000,000. Associate Vice President Harrison Auerbach and First Vice President and Senior Director Alexander Harrold handled the transaction.

Matthews™ completed the sale of a 157-unit single-family rental portfolio in Ruston, LA. The property is 100 percent occupied and closed within 98 percent of the list price. Associate Fabiha Muhammad and Market Leader Andrew Gross handled the transaction.

Matthews™ brokered the sale of 100-102 Wheeler Street, New Haven, CT, an approximately 133,650 square foot industrial property located directly in the Port of New Haven. The deal closed at $21,437,000, at a six percent cap rate. The sale set a cap rate record for all industrial properties sold in the New Haven MSA.

Matthews™ announces the addition of senior real estate agent Matthew Kovesdy to their Cleveland office as Associate Vice President. Kovesdy brings over five years of commercial real estate experience, including a previous position as a Senior Associate at Avison Young where he completed over $150M in sales and leasing transactions across the industrial, office, and retail property sectors. Along with Cleveland Market Leader Matthew Wallace, Kovesdy will expand the Industrial Division in the Midwest.

Matthews ™ listed Santa Monica Mini Storage, a storage facility located at 1620 14th Street and 1621 Euclid Street, Santa Monica, CA. The property is one of the first listings available for redevelopment as the city of Santa Monica is in the process of changing zoning standards that would encourage multifamily development at the listed property. The asset is listed by Shane Avera, Bill Pedersen, and Maxx Bauman.

Matthews™ completed the sale of a Florida Imagine Charter School, located at 1000 Innovation Avenue, North Port, FL. The property is one of Imagine Charter’s best-performing schools on the East Coast, with 55 total locations across the U.S. The transaction closed at $9,935,000 and was handled by Associate Daniel Gonzalez and Vice President and Regional Director Johnny Blue Craig.

Matthews™ completed the sale of Veterinary Specialty Hospital, a free-standing unique facility located at 10435 Sorrento Valley Road, San Diego, CA for $27,834,000. The practice is occupied by national operator Ethos Veterinary Health and is an American Animal Hospital Association (AAHA) accredited hospital. Associate Vice President Andrew Evans, Vice President and Senior Directors Rahul Chhajed, and Michael Moreno led the transaction.

Matthews™ completed the sale of Park Place Apartments, located at 1119 Bratton Road, New Albany, MS. The property is the newest and largest apartment community in the New Albany market. The 144-unit building was built in 2014 and offers high-end amenities such as a gated entrance, saltwater pool, pet park, fitness room, and more. The transaction was handled by Senior Associates Austin Graham and Connor Kerns.