Wednesday, June 10, 2026
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HealthcareLeasing ActivityMarylandRetailSoutheast

Meritus Health Joins Tenant Roster at Valley Mall in Hagerstown, Maryland

by John Nelson

HAGERSTOWN, MD. — Meritus Health has joined the tenant roster at Valley Mall, a 900,000-square-foot enclosed shopping development in Hagerstown owned and operated by mall giant PREIT. Meritus Health opened a new physical and therapy and sports medicine practice, called Meritus Sports Medicine, within a 10,000-square-foot space at the mall yesterday. The health system also plans to open a family medicine clinic at the mall in 2025. Other tenants at Valley Mall include Black Rock Bar & Grill, Red Robin, Regal Cinemas, H&M, Dick’s Sporting Goods and Victoria’s Secret.

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DevelopmentIndianaMidwestOffice

Bradford Allen, Clark Construction Top Out Phase I of New Global Headquarters for Andretti in Fishers, Indiana

by Kristin Harlow

FISHERS, IND. — Developer Bradford Allen and Clark Construction Group have topped out the new headquarters for Andretti Global in the Indianapolis suburb of Fishers. The nearly 400,000-square-foot facility, part of a larger 90-acre campus, more than quadruples the size of Andretti’s current headquarters. In addition to housing day-to-day operations for the auto racing team, the building will be home to the advanced research and development of Andretti Technologies. The facility is slated to include a fitness center, walking trails, amphitheaters, employee gathering areas and dining options. The development will continue through a phased approach. The design team included U.K-based motorsport design consultants Ridge and Partners and Indianapolis-based international design firm RATIO. Michael Andretti, son of racing legend Mario Andretti, launched Andretti Global in the early 2000s.

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AcquisitionsDevelopmentIndianaIndustrialMidwest

John Deere Purchases 234 Acres in Northwest Indiana, Plans to Build 1.2 MSF Warehouse

by Kristin Harlow

LOWELL, IND. — John Deere has purchased 234 acres of land in Lowell, a city in northwest Indiana, for $7 million. The company plans to build a 1.2 million-square-foot warehouse and distribution facility. Nancy Frigo and Nicholas Smith of Coldwell Banker Commercial Realty represented the seller, Hallmark Construction Co. Venture One will serve as the developer for the project, which is expected to create approximately 1,200 union construction jobs and 400 to 500 permanent positions upon completion. The project site, located at the southwest corner of I-65 South and Route 2, has gas, sewer and water availability.

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AcquisitionsMichiganMidwestRetail

Colliers Arranges Sale of 92,509 SF Retail Property in Pontiac, Michigan

by Kristin Harlow

PONTIAC, MICH. — The Jonna Group of Colliers Detroit has arranged the sale of a 92,509-square-foot retail property located at 600 N. Telegraph Road in Pontiac for an undisclosed price. Simon Jonna and Raymond Jonna of the brokerage firm represented the seller, a property management company from New York. The new owner, CNS Healthcare, is currently leasing the retail space to Value World Inc. and Harbor Freight Tools USA Inc.

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AcquisitionsMidwestMissouriRetail

Marcus & Millichap Negotiates $4.2M Sale of Walgreens-Occupied Property in Jefferson City, Missouri

by Kristin Harlow

JEFFERSON CITY, MO. — Marcus & Millichap has negotiated the $4.2 million sale of a 14,820-square-foot retail property occupied by Walgreens in Jefferson City. The net-leased building, constructed in 2010, is located at 900 Eastland Drive. Nicholas Kanich and Mitch Grant of Marcus & Millichap represented the seller, an investor from Kansas City. A local broker procured the buyer, a local group completing a 1031 exchange. Walgreens has operated at the property for more than 14 years and has over 10 years remaining on its lease. Neighboring retailers include Gerbes Supermarket, Dollar General, McDonald’s and Taco Bell.

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AcquisitionsIllinoisIndustrialMidwestSelf-Storage

Newmark Brokers $1.6M Sale of Self-Storage Portfolio in Illinois

by Kristin Harlow

FARMINGTON AND CANTON, ILL. — Newmark has brokered the $1.6 million sale of a self-storage portfolio in Farmington and Canton, about 25 miles west of Peoria. The four-building portfolio totals 35,650 square feet and includes a primary facility as well as three satellite buildings. Kris Parker of Newmark represented the seller, Simple Self Storage LLC, and the buyer, Prime Space Storage LLC.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 8,400 SF Warehouse in La Porte, Texas

by Taylor Williams

LA PORTE, TEXAS — Colliers has brokered the sale of an 8,400-square-foot warehouse in La Porte, an eastern suburb of Houston. The building sits on a 0.8-acre site at 10819 Fairmont Parkway and was constructed in 1999. Mike Taetz, Todd Moore and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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25-Cottage-St.-Jersey-City
DevelopmentMixed-UseNew JerseyNortheast

Nasser Freres Breaks Ground on $300M Mixed-Use Project in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Developer Nasser Freres has broken ground on a $300 million mixed-use project that will be located at 25 Cottage St. in the Journal Square neighborhood of Jersey City. Designed by Handel Architects with AJD Construction serving as the general contractor, the development will consist of 622 apartments, approximately 45,000 square feet of Class A office space and ground-floor retail space, all within a 28-story building. Units will come in studio, one-, two- and three-bedroom floor plans, and the building will feature a double-height lobby lounge with a reception area. Other amenities will include a relaxation zone and spa, an art gallery and studio, children’s playroom, karaoke room, pet spa, bowling alley, screening room, game lounge, speakeasy, VR sports room with arcade games and a catering kitchen. Residents will also have access to a coworking space with a lounge, private work pods and conference rooms, as well as a fitness center, coffee bar, podcast/TikTok room and a party lounge. Lastly, a landscaped rooftop envisioned by Melillo Bauer Carman Landscape Architecture will feature a lounge with kitchen and dining areas, private grilling stations and a pool with a deck and loungers. Completion is slated for the first quarter of …

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International-Place-Boston
DevelopmentMassachusettsNortheastOffice

Chiofaro Begins Phase II of $100M Redevelopment of Downtown Boston Office Complex

by Taylor Williams

BOSTON — The Chiofaro Co., a locally based investment and development firm, has begun the second of three phases of the $100 million transformation of International Place, a 1.8 million-square-foot office complex in downtown Boston. Phase II includes the renovation of the “IP Commons” central gathering space, as well as the Fort Hill Plaza and grand entrance, which link the downtown area to the Seaport District. The new central gathering space will feature increased seating, a new 55-foot signature water feature, raised planting beds and an expanded events program. The Fort Hill entrance, which has often been viewed as the project’s “front door,” will be replaced with a modern 32-foot-tall and 80-foot-wide glass portal connecting the updated plaza to the interior IP Commons venue. Built in phases between 1987 and 1992, International Place consists of a 46-story tower and a 35-story building that are home to more than 90 tenants. Global architecture firm Gensler is leading the design of the project, Phase I of which centered on the development of a 16,000-square-foot amenity center known as The Aries Club. Phase I began in October 2023, and the entire redevelopment is expected to take about two years to complete.

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DevelopmentLoansMultifamilyNew YorkNortheast

BHI Provides $95M Construction Loan for Brooklyn Multifamily Project

by Taylor Williams

NEW YORK CITY — BHI, a full-service commercial bank that is the U.S. division of Israel’s Bank Hapoalim, has provided a $95 million construction loan for a 226-unit multifamily project in Brooklyn. The site at 2359 Bedford Ave. is located in the Flatbush neighborhood, and the development will house 72 studios, 86 one-bedroom units and 68 two-bedroom units, as well as 23,000 square feet of commercial and storage space. Thirty percent of residences will be set aside as affordable housing. Specific income restrictions on those units were not disclosed. A tentative completion date was also not disclosed. The borrower is a partnership between David Bistricer of Clipper Equity and Anshel Friedman of Nalcorp.

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