Press Releases

Matthews™ brokered the sale of a Rite Aid, located at 260 West Lehigh Avenue in Philadelphia, for $5.67M. The transaction was handled by Associate Courtney Haubach, Market Leader Bill Pedersen, and Executive Vice President Chad Kurz.

Matthews™ brokered the sale of a Caliber Car Wash, located at 7032 Market Street Wilmington, NC, for $5,108,140. The transaction was completed by Associate Chris Sands and Associate Vice President and Director Chuck Evans.

Matthews™ represented the tenant in the lease of approximately 2,029 square feet to a national ramen restaurant chain, Silverlake Ramen. The transaction was brokered by Senior Associate Aditya Ramnath and Senior Vice President and National Director Michael Pakravan.

Matthews™ brokered the sale of a Walgreens, located at 108 West California Avenue, Ruston, LA. The transaction was completed by Associate Grant Korn and Market Leader Maxx Bauman. Property sold for higher profit after relisting with Matthews’ agents.

Matthews ™ brokered the sale of Whitehall Plaza, located at 3175-3483 West 3rd Street, Bloomington, IN, for $24.1M. The transaction represents the largest multi-tenant retail sale year-to-date in Indiana, according to CoStar. Associate Vice President Zack Bates and Executive Vice President and National Director Ben Snyder completed the sale.

Matthews™ completed the sale of an apartment building, located at 1900 Stanton Delowe Road in Atlanta, GA for $13.63M. The sale was brokered by Senior Associate Austin Graham and Executive Vice President and Managing Director David Harrington.

Matthews™ completed the sale of industrial properties of 2140 Davie Avenue and 5830 Triangle Drive, located in Commerce, CA for $17,500,000. The transaction was completed by Associate Brendan Phinny and Vice President and Senior Director Alexander Harrold.

Matthews ™ has secured a new location for Spruzzo Restaurant & Bar at 538 Palisades Drive, Pacific Palisades, CA. The space consists of 2,800 square feet and will open to the public at the end of October. Michael Pakravan represented the tenant.

The Penn State Smeal College of Business has named Matthew Wallace as the newest member of the college’s Institute for Real Estate Studies Advisory Board Executive Committee.