Property Type

Crossroads Cos., CrownPoint Group Break Ground on 90-Unit Multifamily Project in Dover, New Jersey

by Taylor Williams July 3, 2024

DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has broken ground on a 90-unit multifamily project at 80 E. McFarlan St. in Dover, about 30 miles west of New York City. The six-story building will house a mix of studio, one- and two-bedroom units, with nine residences to be set aside as affordable housing. Amenities will include a fitness center, rooftop deck and an entertainment lounge. Minno & Wasko Architects and Planners designed the community, and L2i Construction is the general contractor. Columbia Bank provided construction financing. Delivery is slated for late 2025.

July 3, 2024

Acquisitions Florida Loans Multifamily Southeast

Berkadia Arranges $39.9M Acquisition Loan for Brantley Pines Apartments in Fort Myers, Florida

by John Nelson July 3, 2024

FORT MYERS, FLA. — Berkadia has arranged a $39.9 million acquisition loan for Brantley Pines Apartments, a 296-unit multifamily community located at 1801 Brantley Road in Fort Myers. Mitch Sinberg, Michael Basinski, Brad Williamson and Scott Wadler of Berkadia’s South Florida office arranged the five-year, fixed-rate Freddie Mac loan on behalf of the borrower, Boca Raton, Fla.-based Interface Properties. The seller was not disclosed. Built in two phases between 1988 and 1997, Brantley Pines is situated near Southwest Florida International Airport. The property features one-, two- and three-bedroom floor plans, as well as a 24-hour fitness center, pool, grills, business center, pickleball court and a pet park. Interface Properties plans to complete a light value-add program at the community during its ownership.

July 3, 2024

Acquisitions Georgia Retail Southeast

Marcus & Millichap Brokers $8.3M Sale of Adjacent Retail Properties in Milledgeville, Georgia

by John Nelson July 3, 2024

MILLEDGEVILLE, GA. — Marcus & Millichap has brokered the $8.3 million sale of two retail properties located in Milledgeville. An undisclosed buyer acquired Town Central Shopping Center, a 140,097-square-foot retail center, and an adjacent single-tenant property totaling 54,765 square feet. Food Depot occupies the single-tenant property. Tenants at Town Central Shopping Center, which was fully leased at the time of sale, include Tractor Supply Co. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller of the shopping center, and Robby Pfeiffer of Marcus & Millichap represented the seller of the single-tenant, Food Depot property. Taylor, Abbott and Pfeiffer worked together to procure the buyer. “This sale is a prime example of the robust demand for grocery-anchored retail centers with below-market rents,” says Taylor.

July 3, 2024

Acquisitions Industrial Midwest Ohio

DWG Capital Partners Acquires 75,906 SF Industrial Facility in Columbus, Ohio

by Kristin Harlow July 3, 2024

COLUMBUS, OHIO — DWG Capital Partners has acquired a 75,906-square-foot industrial facility in Columbus for an undisclosed price in a sale-leaseback transaction with Buckeye Shapeform. The property at 555 Marion Road features three dock doors and clear heights ranging from 12 to 25 feet. Phil DiGennaro and Dorothy Lee of Stream Capital Partners represented Buckeye Shapeform, a manufacturer whose specialties include custom fabrication of metal and plastic instrument enclosures, instrumentation and novelty cans as well as precision deep draw metal.

July 3, 2024

Development Hospitality Midwest Missouri

Midas Construction Underway on 128-Room Hampton Inn Hotel Near St. Louis Airport

by Kristin Harlow July 3, 2024

ST. LOUIS — Midas Construction is underway on a 128-room Hampton Inn hotel near the St. Louis Lambert International Airport. Lodging Hospitality Management is the developer for the project, which is connected to the existing Hilton St. Louis Airport Hotel. Completion is slated for December. Located at 10300 Natural Bridge Road, the property will rise six stories. Joining St. Louis-based Midas on the project team are American Electric and Data, CE Jarrell Contracting, Finch Plumbing Co. Inc. and United Fire Protection.

July 3, 2024

Acquisitions Midwest Nebraska Retail

Investors Realty Brokers $4.7M Sale of Retail Center in Omaha, Nebraska

by Kristin Harlow July 3, 2024

OMAHA, NEB. — Investors Realty has brokered the sale of the Candlewood Hills retail center in Omaha for $4.7 million. Located at 12424 W. Dodge Road, the property totals 11,700 square feet and is situated near a Costco store. Ember Grummons of Investors Realty represented the seller, Royce Candlewood WR LLC. Tim Kerrigan and Grant Kobes of Investors Realty represented the local buyer.

July 3, 2024

Acquisitions Illinois Midwest Office

SVN Chicago Commercial Arranges $1.4M Sale of Office Building in Carol Stream, Illinois

by Kristin Harlow July 3, 2024

CAROL STREAM, ILL. — SVN Chicago Commercial has arranged the $1.4 million sale of a 34,536-square-foot office building in the Chicago suburb of Carol Stream. The Class C, multi-tenant property is located at 455 Kehoe Blvd. Jennifer Hopkins, Olivia Czyzynski and Caitlin Crawford of SVN represented the buyer, an out-of-state investment group that plans to lease the suites out as office and flex spaces.

July 3, 2024

Colorado Development Multifamily Western

Thompson Thrift Plans 344-Unit Landing at Lemay Multifamily Community in Fort Collins, Colorado

by Amy Works July 3, 2024

FORT COLLINS, COLO. — Thompson Thrift has released plans for The Landing at Lemay, a Class A apartment property in Fort Collins. Construction is slated to begin in July and move-ins are scheduled for late 2025. Located on 17 acres at the southeast corner of E. Vine Drive and N. Lemay Avenue, The Landing at Lemay will offer 344 apartments in a mix of one-, two- and three-bedroom configurations. Each apartment will feature stainless steel appliances, a glass-top range, hardwood-style flooring, multiple smart capabilities and full-sized washers and dryers. Select homes may feature a deluxe closet system with shelving, premium lighting and garage options. The property will include two firsts for Thompson Thrift: carriage homes with apartments built over attached private garages and large-scale electric vehicle charging capabilities. Community amenities will include a fully equipped, 24-hour fitness center, resort-style swimming pool, firepits, a billiards and shuffleboard area, dog park, pet spa, community-wide Wi-Fi and an outdoor entertainment kitchen.

July 3, 2024

Acquisitions Arizona Retail Western

Superstition Marketplace Sells Retail Center in Mesa, Arizona for $11.6M

by Amy Works July 3, 2024

MESA, ARIZ. — Orion Investment Real Estate has arranged the acquisition of a neighborhood retail center in Mesa. Superstition Marketplace LLC sold the asset to Electric Ave. LLC for $11.6 million, or $211 per square foot. Nick Miner of Orion represented the buyer, while the seller was self-represented in the off-market transaction.

July 3, 2024

Acquisitions California Hospitality Western

Marcus & Millichap Negotiates $11.5M Sale of Comfort Suites Barstow Hotel in California

by Amy Works July 3, 2024

BARSTOW, CALIF. — Marcus & Millichap has arranged the sale of Comfort Suites Barstow, a hotel in the Mojave Desert city of Barstow. A limited liability company sold the asset to an individual trust for $11.5 million. Located at 2571 Fisher Blvd., Comfort Suites Barstow offers 83 guest rooms. Andy Patel and Gordon Allred of Marcus & Millichap represented the seller and procured the buyer in the transaction.

July 3, 2024

Newer Posts

Older Posts