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DevelopmentIndustrialMidwestMissouri

Contegra Completes 120,000 SF Manufacturing Facility for Elite Tool in Moscow Mills, Missouri

by Kristin Harlow

MOSCOW MILLS, MO. — Contegra Construction has completed a 120,000-square-foot manufacturing facility for Elite Tool in Moscow Mills, a northern suburb of St. Louis. The project replaces the company’s 70,000-square-foot manufacturing operation. The $20 million expansion is expected to create 30 new jobs. Located at 609 Tropicana Village Drive, the property features a 110,000-square-foot manufacturing zone, 8,000-square-foot office and 2,000 square feet of mezzanine storage. The facility includes various power and mechanical infrastructure as well as three dock doors, an oversized drive-in door and parking for 90 vehicles. Elite Tool is a lean contract manufacturer for the aerospace, commercial and defense industries.

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DevelopmentIndustrialMidwestOhio

Prologis Breaks Ground on 112,320 SF Industrial Expansion for MillerKnoll in Batavia, Ohio

by Kristin Harlow

BATAVIA, OHIO — Prologis has broken ground on an expansion project for MillerKnoll at 3001 Afton Drive in Batavia near Cincinnati. The logistics project will add 112,320 square feet to the existing 617,760-square-foot warehouse and distribution facility, giving MillerKnoll the space it needs to support its growing Design Within Reach home furnishings business across North America. An estimated 30 full-time jobs will be created once the development is complete, bringing the total number of jobs at the location to approximately 150 employees. Hemmer Construction Co. is the general contractor.

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DevelopmentMixed-UseSouth CarolinaSoutheast

Asana Partners Underway on Pacific Box Mixed-Use Redevelopment Project in Charleston

by John Nelson

CHARLESTON, S.C. — Asana Partners is redeveloping Pacific Box, a 221,600-square-foot mixed-use development on Charleston’s Upper Peninsula. The redevelopment — which will include the conversion of 26,000 square feet of office space into lifestyle retail and restaurants — is already underway. Completion of the project is scheduled for the second quarter of 2026. Existing tenants, including Edmund’s Oast Brewing Co. & Taproom and Rancho Lewis, will remain open throughout the redevelopment process. Spanning 10 acres along King Street, the newly converted space will include a 6,000-square-foot marquee restaurant space, exterior upgrades, new retail façades, improved central courtyard and turf areas, a children’s play area, a venue for year-round programming, the addition of covered patio for dining and retail and increased parking options. Lucy Butler of Thrift CRES handles retail leasing at Pacific Box, and Brian Connolly of JLL handles office leasing.

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DevelopmentLoansMixed-UseMultifamilyNew YorkNortheastTop Stories

Alloy, Vistria Obtain $535M Construction Financing for 62-Story Mixed-Use Tower in Downtown Brooklyn

by Kristin Harlow

NEW YORK CITY — Alloy Development and The Vistria Group have obtained $535 million in construction financing for One Third Avenue, a 62-story mixed-use tower that marks the second and final phase of the Alloy Block development in downtown Brooklyn. Rising 730 feet, the project will include 583 market-rate and affordable housing units along with retail and office space. Vistria will invest more than $120 million of equity to capitalize the development, and Kayne Anderson Real Estate is providing $375 million of debt. Chris Peck, Nicco Lupo and Peter Rotchford of JLL managed the capital raise. One Third Avenue marks the tallest Passive House building in the world, according to the developers. Passive House is a building standard for dramatically reducing energy use while improving indoor air quality. Elements of the Passive House design include an airtight, well-insulated building envelope, filtered fresh air and a low carbon footprint. The development’s residential and office spaces will share energy resources to minimize waste heat.  One Third Avenue joins the two projects in the first phase of Alloy Block — 505 State Street, a 44-story, 441-unit apartment tower and New York City’s first all-electric skyscraper, and 489 State Street, the first two public schools designed to …

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DevelopmentMultifamilyTexas

BHW Capital Breaks Ground on 288-Unit Multifamily Project in Humble, Texas

by Taylor Williams

HUMBLE, TEXAS — Local developer BHW Capital has broken ground on Clayton at Tour 18, a 288-unit multifamily project that will be located in the northeastern Houston suburb of Humble. The site is adjacent to the Tour 18 golf course. Units will come in one- and two-bedroom formats and will feature stainless steel appliances and built-in workspaces. Amenities will include a pool, fitness center, outdoor biergarten, pet park and a putting green. Mucasey & Associates is the project architect, and Blazer Building Southwest is the general contractor. Southside Bank is financing construction, which is expected to be complete in late 2027.

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DevelopmentIndustrialTexas

Welcome Group Delivers 88,670 SF Industrial Project in Pearland, Texas

by Taylor Williams

PEARLAND, TEXAS — Locally based developer Welcome Group has delivered Crossroads at Pearland, an 88,670-square-foot industrial project located on the southern outskirts of Houston. The site spans 4.8 acres and includes frontage along Beltway 8. The building features 30-foot clear heights, 15 dock-high doors and two drive-up ramps. Frost Bank financed construction of the facility, which is now roughly 30 percent leased to satellite communications services provider Speedcast.

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Newburgh-South-Logistics-Center
DevelopmentIndustrialNew YorkNortheast

Brookfield Underway on 422,000 SF Spec Industrial Project in Newburgh, New York

by Taylor Williams

NEWBURGH, N.Y. — Brookfield Properties is underway on construction of a 422,000-square-foot speculative industrial project in Newburgh, about 65 miles north of New York City. The site of Newburgh South Logistics Center spans 49 acres at 70 South St. The LEED-certified property will feature 75 loading docks and 190-foot truck court depths, as well as the capacity to support a single or multiple tenants. Resource Realty of Northern New Jersey has been appointed as the leasing agent. Completion is slated for next fall.

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AcquisitionsAffordable HousingDevelopmentGeorgiaMixed-UseSoutheast

Atlanta BeltLine Acquires Land in Buckhead for Future Northwest Trail

by John Nelson

ATLANTA — The Atlanta BeltLine has purchased six parcels near the intersection of Peachtree Road and Bennett Street in the city’s Buckhead district. The land is adjacent to the site purchased last fall, giving the BeltLine a 3.2-acre assemblage that represents Segment 2 of the future Northwest Trail, which will run for 4.3 miles at full completion. Segment 1 of the trail is currently underway and is set for completion in second-quarter 2026. The buildings on the Bennett Street site are vacant and will be prepared for demolition while future site planning efforts are underway. The BeltLine will engage with community leaders, residents, businesses and other stakeholders on the next steps for the future of the site, with the ultimate goal of aiding in developing affordable housing in mixed-use settings. In recent years, the Beltline has acquired over 80 acres to expand housing and commercial affordability and to master plan land along the trail. The Beltline currently is 76 percent of its way towards meeting the goal of preserving or creating 5,600 affordable housing units by 2030. To date, the Beltline has completed 12.6 miles of the mainline loop, with an additional 10.3 miles of connector trails. The entire 22-mile …

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Aston-Residences-Culver-City-CA
CaliforniaDevelopmentLoansMultifamilyWestern

Helio Group Receives $92M Construction Loan for Aston Residences in Culver City, California

by Amy Works

CULVER CITY, CALIF. — Helio Group has obtained a $92 million construction loan for Aston Residences, a to-be-built multifamily property in Culver City. Jeff Sause, Chad Morgan, Jacob Michael and Danny Ryan of JLL arranged the floating-rate loan with Affinius Capital for the borrower. Located at 10505 Washington Blvd., Aston Residences will offer 160 one-bedroom and 30 two-bedroom apartments with luxury finishes and smart home technology. Community amenities will include 5,191 square feet of ground-floor retail space, a fitness room, clubhouse, an indoor pickleball court, hot and cold plunge pools, an outdoor kitchen and bicycle parking within a three-floor garage. Completion is slated for first-quarter 2028.

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DevelopmentIllinoisMidwestOffice

BIG Construction, Ware Malcomb Complete 24,230 SF Office for ZS in Chicago

by Kristin Harlow

CHICAGO — BIG Construction and architect Ware Malcomb have completed a new 24,230-square-foot office for ZS at 222 Merchandise Mart Plaza in Chicago. Founded in 1983, ZS is a global management consulting and technology firm. ZS maintains more than 13,000 employees in over 35 offices worldwide. The Chicago office features a mix of open work zones, closed office areas, meeting rooms and gathering spaces. A central café stands as a focal point of the design.

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