Thursday, June 11, 2026
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1760-Market-St.-Philadelphia
AcquisitionsNortheastOfficePennsylvania

Stockton Real Estate Negotiates Sale of 126,000 SF Office Building in Downtown Philadelphia

by Taylor Williams

PHILADELPHIA — Stockton Real Estate Advisors has negotiated the sale of 1760 Market Street, a 126,000-square-foot office building in downtown Philadelphia. The building offers a tenant lounge and conference center, as well as indoor bike storage space. Stockton previously co-owned the building and repositioned the asset for sale in 2018 via renovation of the penthouse suite, which now features private rooftop decks and mezzanine space, as well as the introduction of new building systems. The buyer and seller were not disclosed.

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Affordable HousingDevelopmentLoansMassachusettsMultifamilyNortheast

MassDevelopment Provides $17M Bond Financing for Affordable Housing Project in Lowell, Massachusetts

by Taylor Williams

LOWELL, MASS. — MassDevelopment has provided $17 million in tax-exempt bond financing for a 52-unit affordable housing project that will be located north of Boston in Lowell. The site formerly housed a Merrimack Valley Food Bank warehouse that will be demolished, although select areas of the historic façade will be retained and restored. The majority (41) of the units will be reserved for households earning 60 percent or less of the area median income (AMI), with the other 11 to be set aside for renters earning 30 percent or less of AMI. The borrower is an affiliate of Tremont Development Partners. Eastern Bank purchased the bond.

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AcquisitionsNew YorkNortheastOfficeRetail

Marcus & Millichap Brokers $9M Sale of Manhattan Commercial Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $9 million sale of a five-story, 17,645-square-foot commercial building located at 216 E. 49th St. in Manhattan’s Turtle Bay area. The building currently houses office space on the upper floors but is zoned to accommodate residential conversion. The building also features a 3,800-square-foot ground-floor space that is vented for a restaurant with a fully built-out basement. Peter Dodge, Joe Koicim, Logan Markley and Zan Colin of Marcus & Millichap represented the seller, a family office that owned and operated the property for 25 years, in the transaction. The buyer was a local restaurateur that plans to occupy the space.

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Leasing ActivityNew YorkNortheastOffice

Harvey Signs 17,050 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Harvey, a San Francisco-based generative AI platform for professional services, has signed a 17,050-square-foot office lease in Midtown Manhattan. The space spans the entire fifth floor of 315 Park Avenue S., a 20-story building in the Flatiron District. Todd Stracci and Hugh Scott of JLL represented the tenant in the lease negotiations. David Falk, Peter Shimkin and Jonathan Fanuzzi of Newmark, in conjunction with internal agents Maria Blake and Ted Koltis, represented the landlord, Columbia Property Trust.

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Leasing ActivityNew YorkNortheastOffice

CBRE Arranges 15,379 SF Office Lease Renewal in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — CBRE has arranged a 15,379-square-foot office lease renewal in Midtown Manhattan. The tenant, Kenneth Park Architects, will continue to occupy the entire seventh floor at 360 Lexington Avenue, a 24-story, 268,383-square-foot building. Steve Eynon of CBRE represented the tenant in the lease negotiations. Locally based investment firm Savanna owns the building.

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AcquisitionsKansasMidwestRetail

Equity Bancshares Completes Merger with KansasLand Bancshares

by Kristin Harlow

WICHITA, KAN. — Equity Bancshares Inc., the Wichita-based holding company of Equity Bank, has completed its acquisition of KansasLand Bancshares Inc., the parent company of KansasLand Bank. With the acquisition, Equity has added to its existing presence in Quinter, Kan., and expanded into Americus, Kan. KansasLand locations opened as Equity Bank on July 2. The company expects to consolidate the core and digital banking systems late in the third quarter. Equity first announced the merger in April. Equity has approximately $5.3 billion in proforma consolidated assets and operates 74 locations in Kansas, Missouri, Arkansas and Oklahoma. Equity’s Kansas franchise now includes 37 banks. 

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Begins $40.2M Middle School Renovation Project in St. Paul, Minnesota

by Kristin Harlow

ST. PAUL, MINN. — Kraus-Anderson has begun an extensive renovation project for St. Paul Public Schools at Hidden River Middle School and Wilson School, which will serve as a temporary location for the school community while Hidden River is remodeled. The combined construction cost of both projects is $40.2 million. Designed by DLR Group, the 98,491-square-foot project will feature a full interior remodel for Hidden River, including new mechanical and electrical systems. A 3,600-square-foot addition will create a new main entrance at the northeast corner of the building, and a 7,200-square-foot addition will expand the kitchen, loading dock and mechanical room. Completion is slated for fall 2025.

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DevelopmentIndianaMidwestMultifamily

Flaherty & Collins Opens Phase II of Arbuckle Apartments in Brownsburg, Indiana

by Kristin Harlow

BROWNSBURG, IND. — Flaherty & Collins Properties has opened Phase II of The Arbuckle Apartments in Brownsburg, a western suburb of Indianapolis. The first phase of the property was built in 2018 and provides 310 units ranging in size from studios to two-bedroom townhomes. The property is located at 7240 Arbuckle Commons. According to Flaherty & Collins, Brownsburg’s population has increased by nearly 20 percent in the last five years.

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AcquisitionsIndustrialMichiganMidwest

Friedman Negotiates $3M Sale of Industrial Property in Mount Clemens, Michigan

by Kristin Harlow

MOUNT CLEMENS, MICH. — Friedman Real Estate has negotiated the $3 million sale of a 42,385-square-foot industrial property in Mount Clemens, about 25 miles north of Detroit. The facility is located at 200 Elizabeth St. Zach Cummings of Friedman represented the seller, which completed a liquidation of its assets. The buyer was a local fabrication company, which will be relocating its operations.

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AcquisitionsIndianaMidwestRetail

Marcus & Millichap Brokers $1.7M Sale of Three-Tenant Retail Property in Valparaiso, Indiana

by Kristin Harlow

VALPARAISO, IND. — Marcus & Millichap has brokered the $1.7 million sale of a three-tenant retail property that serves as an outlot to the Cumberland Crossing retail center in Valparaiso near Chicago. Built in 2008, the 7,541-square-foot building is leased to Salon Lofts, Venus Nails and Indiana Farm Bureau Insurance Agency. Mitchell Kiven and Nicholas Kanich of Marcus & Millichap represented the seller, an Indiana-based retail developer and manager, and procured the buyer, an Illinois-based real estate development and management company. Josh Caruana assisted in closing the transaction as the broker of record in Indiana. The property, located at 3029 Calumet Drive, closed at 97.5 percent of the list price.

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