Property Type

JEM Wellness Brands to Open 32,744 SF Crunch Fitness at Fox River Commons in Naperville, Illinois

by Kristin Harlow April 6, 2026

NAPERVILLE, ILL. — Crunch Fitness franchise owner JEM Wellness Brands has selected Fox River Commons for its inaugural location in Naperville, marking its second in the greater Chicago market. The tenant signed a lease with Continental Realty Corp. (CRC) for 32,744 square feet and will occupy the former Bed Bath & Beyond space within the 241,524-square-foot shopping center. Cherene Keenan represented CRC on an internal basis, while Newmark’s Holly Estler, Larry Kling and James Schutter represented the tenant. Crunch Naperville is expected to open this fall.

April 6, 2026

Affordable Housing Development Massachusetts Multifamily Northeast

MassDevelopment Provides $38M in Bond Financing for Worcester Affordable Housing Project

by Taylor Williams April 6, 2026

WORCESTER, MASS. — MassDevelopment has provided $38 million in tax-exempt bond financing for an affordable housing project in Worcester. The project is a redevelopment of Lakeside Apartments, a two-building complex that was constructed in 1949. The developer, a partnership between an affiliate of Tremont Development Partners and E3 Development, plans to construct two new buildings with a total of 116 units, 61 of which will replace outdated residences. Of the 116 units, 29 will be rented to households earning 60 percent or less of the area median income (AMI), and the other 87 will be reserved for households at 30 percent or less of AMI. Construction is underway and is expected to be complete in August 2027. Eastern Bank purchased the bond, with participation from Webster Bank. The Worcester Housing Authority is also a partner on the project.

April 6, 2026

Acquisitions Development Industrial New Jersey Northeast Self-Storage

Safely Store Buys Self-Storage Redevelopment Site in North Bergen, New Jersey

by Taylor Williams April 6, 2026

NORTH BERGEN, N.J. — Safely Store has purchased a self-storage redevelopment site in North Bergen, located across the Hudson River from New York City. The site at 3131 Kennedy Blvd. houses a vacant, 73,398-square-foot building that was originally constructed in 1999 and previously functioned as a movie theater. Safely Store plans to convert the building into a four story self-storage facility with 103,000 net rentable square feet of climate-controlled space. Jose Cruz, Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, Madison International Realty, in the transaction.

April 6, 2026

Acquisitions Multifamily New York Northeast

Brax Realty Arranges $10.2M Sale of Multifamily Development Site in Queens

by Taylor Williams April 6, 2026

NEW YORK CITY — Locally based brokerage firm Brax Realty has arranged the $10.2 million sale of a multifamily development site in the Long Island City area of Queens. The site at 42-73 and 42-71 Hunter St. can support 24,885 buildable square feet of residential product. Cole Kinney Leonhardt of Brax Realty represented the buyer and seller, both of which requested anonymity, in the transaction.

April 6, 2026

Acquisitions Mixed-Use Northeast Pennsylvania

Marcus & Millichap Brokers Sale of 18,000 SF Mixed-Use Building in Metro Philadelphia

by Taylor Williams April 6, 2026

NEWTOWN SQUARE, PA. — Marcus & Millichap has brokered the sale of an 18,000-square-foot mixed-use building in Newtown Square, a western suburb of Philadelphia. Known as the Fieldstone Building, the structure at 4930 West Chester Pike houses 11 residential units and four commercial suites. Vince Peruto of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

April 6, 2026

Industrial Market Reports South Carolina Southeast Southeast Market Reports

Upstate South Carolina Industrial Market Is Reaching an Inflection Point

by John Nelson April 6, 2026

The Upstate South Carolina industrial market is at an inflection point — an expected condition in a maturing and evolving market. Similar transitions have occurred in prior cycles and have consistently required lease rates to adjust more rapidly than traditional annual market escalations. These adjustments are driven by a combination of factors, including supply and demand dynamics, construction costs, capital markets and broader economic conditions. Currently, construction costs are the primary constraint impacting new deliveries. The post-COVID development surge resulted in over 30 million square feet of speculative industrial construction, a portion of which has yet to be fully absorbed. Today, we are approaching pre-COVID metrics with roughly 6.4 million square feet of speculative inventory (delivered or under construction) and an overall vacancy rate of approximately 7.3 percent. At this level, certain submarkets are at the point where additional speculative inventory will be required to meet tenant demand. The challenge lies in pricing. Much of the existing vacant space was delivered under a materially different construction cost structure, resulting in lease comps that do not reflect today’s construction and land costs. While incremental rent growth has occurred, it has not fully bridged the gap between legacy pricing and the economics …

April 6, 2026

Acquisitions Retail Texas

JLL Negotiates Sale of 315,708 SF Retail Power Center in Conroe, Texas

by Taylor Williams April 3, 2026

CONROE, TEXAS — JLL has negotiated the sale of Montgomery Plaza, a 315,708-square-foot retail power center located in the northern Houston suburb of Conroe. Anchored by Academy Sports + Outdoors, the center is also home to tenants such as O’Reilly Auto Parts, Crunch Fitness, Spec’s Liquor, Petco and Dollar Tree. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was Florida-based investment firm JBL Asset Management. The center was approximately 94 percent leased at the time of sale.

April 3, 2026

Development Industrial Texas

Prologis Breaks Ground on 229,227 SF Industrial Project in La Porte, Texas

by Taylor Williams April 3, 2026

LA PORTE, TEXAS — Prologis has broken ground on a 229,227-square-foot industrial project in La Porte, an eastern suburb of Houston. The project will add two buildings totaling 120,013 and 109,214 square feet to Port Crossing Commerce Center, bringing the development’s total footprint to approximately 2.7 million square feet across 11 buildings. The buildings will be situated on a combined 17 acres with frontage along State Highway 146. Construction is expected to be complete before the end of the year.

April 3, 2026

Leasing Activity Retail Texas

IKEA Opens 63,000 SF Store at Shops at Park Lane in North Dallas

by Taylor Williams April 3, 2026

DALLAS — IKEA has opened a 63,000-square-foot store at The Shops at Park Lane, a 33-acre mixed-use development in North Dallas. The small-format store is located on the second level of the center, across from Old Navy and next to American Girl, Champs and Nordstrom Rack. Other retailers that have recently opened stores at The Shops at Park Lane include Connect Studio DFW, Intuit Turbo Tax and Crème + Crepes. Northwood Retail owns the property.

April 3, 2026

Acquisitions Loans Retail Texas

Matthews Arranges Sale of 12,000 SF Academic Building in Leander, Texas

by Taylor Williams April 3, 2026

LEANDER, TEXAS — Nashville-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of a 12,000-square-foot academic building in Leander, a northern suburb of Austin. The building at 441 W Broade St. is leased to Kindercare Learning. Bryce Wong and Patrick Graham of Matthews brokered the deal. The buyer and seller were not disclosed. Matthews also arranged a $5.2 million acquisition loan for the transaction through an undisclosed regional bank.

April 3, 2026

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