WAYNE, PA. — Private equity real estate firm PPR Capital Management has signed a 12,800-square-foot office headquarters lease in Wayne, a northwestern suburb of Philadelphia. The company is relocating from a 7,000-square-foot space in nearby Berwyn. The new space is located within the CrossPoint complex and features 41 open-seat desks, eight dedicated offices, a boardroom, six conference rooms, three open huddle areas, a phone room and a podcast room. KBS Realty Advisors owns CrossPoint.
FREMONT, CALIF. — Gantry has placed a $12.2 million permanent loan for a private real estate investor to refinance an industrial building at 45541-45581 Northport Loop West in Fremont, located in the Bay Area. The 71,500-square-foot facility features 10 bay doors with 18-foot clear heights. At the time of financing, two long-term tenants fully occupied the property. Tony Kaufmann, Alex Poulos and Joe Foley of Gantry arranged the long-term, fixed-rate loan, which one of Gantry’s exclusive correspondent life company lenders provided.
TACOMA, WASH. — First Citizens Bank, through its healthcare finance business, has provided a term loan to refinance GenCare Lifestyle Tacoma at Point Ruston, a 159-unit senior living facility in Tacoma. The borrower is a joint venture led by Harrison Street. The same joint venture with PMB LLC served as the facility’s original developer, with GenCare Lifestyle, another joint venture partner, as the facility operator. The amount of the financing was not disclosed.
Trevey Commercial Real Estate Negotiates Acquisition of 9,100 SF Retail Building in Pueblo, Colorado
PUEBLO, COLO. — Trevey Commercial Real Estate has negotiated the purchase of a freestanding retail building located at 609 S. Pueblo Blvd. in Pueblo, approximately midway between Denver and the New Mexico border. Mr Blue Sky LLC acquired asset from 609 Property LLC for $1.2 million. Dollar General occupies the 9,100-square-foot property. David Marulli and Mitch Trevey of Trevey Commercial Real Estate represented the buyer, while Ben Farthing and Logan Grant of CBRE represented the seller in the deal.
AMES, IOWA— A joint venture between ARTISAN Capital Group and EOS Residential Investors has acquired Union on Lincoln Way, a 537-bed student housing community located near the Iowa State University campus in Ames. Built in 2018, the property offers 177 fully furnished units in studio through five-bedroom configurations. Shared amenities include a swimming pool, fitness center, business center and study rooms. The development also features 11,000 square feet of retail space. Haverkamp Properties has been tapped to manage the community, which will be rebranded 2700 Lincoln. Improvements to the property’s amenity and common spaces are planned by the new ownership. Peter Katz of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Greystar. The acquisition involved Freddie Mac financing.
WATERTOWN, S.D. — Kraus-Anderson has completed a $7.6 million critical care unit (CCU) and kidney dialysis unit renovations for Prairie Lakes Healthcare at 401 9th Ave. NW in Watertown, a city in eastern South Dakota. Designed by BWBR Architects, the 15,000-square-foot project was constructed in two phases. The first phase included the second-floor CCU, featuring eight new patient rooms and a dedicated air handler. The second phase featured the new kidney dialysis unit with 10 new infusion bays, including two isolation rooms.
DUPO, ILL. — An unnamed beverage distributor has signed a 22,500-square-foot industrial lease at 729 Prairie Dupont Drive in Dupo, about 10 miles south of St. Louis. The warehouse features 2,400 square feet of office space, one recessed dock door, two drive-in doors and clear heights ranging from 24 to 28 feet. The Class B building, constructed in 2008, is situated near I-255 and the St. Louis Downtown Airport. George Cibula and Luke Ferzacca of DarwinPW Realty/CORFAC International, along with Joel Meyer and Ben Bacino of Intelica/CORFAC International, represented the tenant, which has begun occupying the space. Steve Zuber of Barber Murphy Commercial represented ownership.
BLOOMINGTON, MINN. — Transwestern Real Estate Services has arranged the sale of a 13,095-square-foot industrial building in Bloomington for an undisclosed price. Russ Crawford of Transwestern represented the buyer, Pickle O LLC, which plans to occupy the building with the option to divide space for additional tenants. Brian Netz and Lucas Long of Newmark represented the seller, Common Ground Properties LLC. Numerous property improvements were completed prior to the sale, including LED lighting upgrades, new office finishes and ADA-compliant restrooms.
MILWAUKEE — Marcus & Millichap has brokered the $1.4 million sale of a Taco John’s-occupied restaurant property in Milwaukee. The net-leased building, constructed in 2023, is located at 4650 S. 5th St. adjacent to the Milwaukee International Airport. Carson Breshears and Hank Wolfer of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies. Todd Lindblom assisted in closing the transaction as the broker of record in Wisconsin.
COLUMBIA, S.C. — Landmark Properties has acquired a 67-acre development site located near the University of South Carolina campus in Columbia. Landmark plans to construct an 826-bed cottage-style student housing community at the site. The community will offer fully furnished units in two- through six-bedroom floor plans. Landmark will begin construction imminently and plans to deliver the project in August 2026. Units will be wired for high-speed internet and will feature hardwood-style laminate floors, quartz countertops, stainless-steel appliances and full-sized washers and dryers. Community amenities will include an outdoor pool complex with a sun deck, cabanas, hammocks, a Jumbotron and outdoor grilling stations; a sand volleyball court; sports simulator; fire pits; a 24-hour fitness center; study spaces; and a computer lab. Residents will also have access to a complimentary shuttle service for commuting to and from the University of South Carolina campus and downtown Columbia. Landmark Cottage Construction, the company’s in-house general contractor, will manage construction of the project. The development site is situated at 1050 Idlewild Blvd., less than a mile from the university’s Williams-Brice football stadium. The site is located adjacent to a parcel earmarked for the University of South Carolina’s stadium project, a $1 billion modernization initiative …