Saturday, February 7, 2026
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DevelopmentSeniors HousingSoutheastVirginia

Focus Healthcare Completes $67M Renovation at The Virginian Seniors Housing Community in Fairfax, Virginia

by John Nelson

FAIRFAX, VA. ­— Focus Healthcare Partners has completed a $67 million renovation project at The Virginian, a 32-acre continuing care retirement community (CCRC) in the Washington, D.C., suburb of Fairfax. LCS operates the property. This remodel included adding an array of advanced technology, sustainability initiatives, lifelong learning opportunities and healthcare services. Amenities now include multiple dining venues, a wine cellar, sports bar, indoor golf simulator, theater, entertainment venues, three full-service salons, technology areas and a spa under development. Outdoor areas include a pickleball court, bocce ball court, putting green, a dog park and a fire pit area. In addition, renovations added an exclusive fifth-floor concierge level that offers its own dining room and bar. The one, two- and three-bedroom apartments were upgraded to include California closet design, electronic blinds, smart thermostats and smart lights that connect to a smartphone. The seven-story, 367,000-square-foot property now boasts four wings, offering 155 independent living apartments, 56 assisted living residences, 36 memory care units and 53 skilled nursing units.

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AcquisitionsGeorgiaSoutheastStudent Housing

University Partners Acquires 370-Bed Student Housing Community Near University of Georgia

by John Nelson

ATHENS, GA. — University Partners has acquired The William, a 370-bed student housing community located adjacent to the University of Georgia campus in Athens. The property was developed in 2022 and offers studio, one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities include a rooftop swimming pool, patio and lounge space, fitness center, collaborative study spaces and a private outdoor courtyard. Ryan Lang, Jack Brett, Ben Harkrider, Ben Roelke, Trent Houchin and Ian Walker of Newmark arranged both the sale and acquisition financing on behalf of University Partners. The seller and terms of the transaction were not disclosed.

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AcquisitionsRetailSoutheastVirginia

Northpond Partners Purchases Shopping Center in Richmond for $17.4M

by John Nelson

RICHMOND, VA. — Northpond Partners has acquired Parkside Marketplace, a 52,948-square-foot retail center in Richmond. The $17.4 million purchase marks the first acquisition for Northpond’s new $200 million investment vehicle, which is focused on retail centers in the Southeast and select Sun Belt markets. Tenants at the center, which was 98 percent leased at the time of sale, include West Marine, Five Guys, AT&T and M&T Bank. Catherine Spangler and Richard Thalhimer of Cushman & Wakefield | Thalhimer represented the seller, Stavins & Axelrod, in the transaction.

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FloridaIndustrialLeasing ActivitySoutheast

Glenstar Logistics Inks Three Industrial Leases Totaling 192,990 SF at Tri-County 75 in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — Glenstar Logistics has inked three new leases at Tri-County 75 industrial park in Fort Myers totaling 192,990 square feet. Located at 6115-6150 Tri-County Commerce Way, the park is situated at the southeast corner of I-75 and Luckett Road. The new tenants include a Fortune 500 beverage company (56,705 square feet); Orlando-based Mechanical One (67,620 square feet), a home repair and maintenance company; and NB Handy (68,665 square feet), a Virginia-based distributor of metals, HVAC, commercial roofing and machinery products. Bob Johnston of Lee & Associates arranged the three leases on behalf of ownership. Ben Kuykendall of First Capital Property Group Inc. represented Mechanical One in the lease negotiations, and Danny Holly and Shawn Stoneburner of Cushman & Wakefield represented NB Handy. Tri-County 75’s general contractor, The Conlan Co., will be building out spaces for all three tenants. Developed in partnership with Columnar Holdings, Tri-County 75 spans 816,866 square feet across four buildings. Other members of the design-build team include architect Ware Malcomb and civil engineer DeLisi Fitzgerald. The project was delivered in October and is now 64 percent leased. Another 215,000 square feet of space is expected to execute shortly at Tri-County 75 to two undisclosed …

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IndustrialLoansNew YorkNortheast

Affinius Capital Provides $150M Loan for Refinancing of National Industrial Portfolio

by Taylor Williams

NEW YORK CITY — Affinius Capital has provided a $150 million loan for the refinancing of a portfolio of six industrial properties totaling 1.8 million square feet. Though names and addresses were not disclosed, the properties are located in Atlanta, Dallas, Philadelphia, Charlotte, Louisville and South Florida and feature clear heights ranging from 24 to 36 feet. The borrower was Ares Management. The portfolio was roughly 40 percent occupied at the time of sale, although Affinius notes that “letters of intent are out on the majority of the remaining vacant space.”

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DevelopmentIndustrialMassachusettsNortheast

Jumbo Capital, Apollo Global Complete Renovation of 136,000 SF Industrial Building in Canton, Massachusetts

by Taylor Williams

CANTON, MASS. — A partnership between locally based developer Jumbo Capital and affiliates of Apollo Global Management has completed the renovation of a 136,000-square-foot industrial building in the southern Boston suburb of Canton. The building sits on a 10-acre site at 30 Dan Road, features a clear height of 34 feet and is subdividable to 50,000-square-foot suites. Surus Construction & Development served as the general contractor for the project, which began in summer 2022. Integrated Project Services handled architectural design, and Highpoint Engineering served as the civil engineer. Colliers is now marketing the property for lease.

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Seagram-Building-Manhattan
Leasing ActivityNew YorkNortheastOffice

Advent International Signs 34,000 SF Office Lease at Seagram Building in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Advent International has signed a 10-year, 34,000-square-foot office lease at The Seagram Building in Midtown Manhattan. The private equity firm will occupy the entire 14th and 15th floors of the 38-story building, which is located at 375 Park Ave. and was originally constructed in 1958. Lindsay Ornstein, Patrick Robinson, Casey Noel and Kate Whitman of OPEN Impact Real Estate represented the tenant in the lease negotiations. A.J. Camhi and Paul Milunec represented the landlord, locally based investment firm RFR, on an internal basis.

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Bala-Consulting-Engineers-Philadelphia
DevelopmentNortheastOfficePennsylvania

Meyer Completes 21,500 SF Office Headquarters Renovation in Wayne, Pennsylvania

by Taylor Williams

WAYNE, PA. — Locally based design firm Meyer has completed the renovation of the 21,500-square-foot office headquarters of Bala Consulting Engineers in Wayne, a northwestern suburb of Philadelphia. The space house a café with gaming options and other amenities that converts to a training and conference room for flexible gathering. Digital signage highlights messaging from all of Bala’s office locations. Other features include video conferencing cameras, room reservation systems, mobile AV capabilities and conference room occupancy sensors.

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DevelopmentMidwestMultifamilyWisconsin

Inland Closes $27M Capital Raise for 261-Unit Luxury Apartment Complex in Milwaukee’s Historic Third Ward

by Kristin Harlow

MILWAUKEE — Inland Venture Partners LLC (IVP), the private equity real estate arm of Inland Real Estate Investment Corp., has completed a more than $27 million capital raise for a joint venture multifamily development in Milwaukee. The 261-unit luxury apartment project was consummated through one of Inland’s joint venture partners, Kaeding Development Group LLC. IVP purchased the land parcel at 245 Harbor Drive in the city’s Historic Third Ward, and construction began in March 2023. Leasing is expected to begin in January 2025. The property will feature a pool, patio, dog park, parking garage and other amenities. Construction financing closed in March 2023 in sequence with the construction start, according to Rod Curtis, president of IVP. “The $27 million equity portion of the capital stack was initially backstopped by corporate funding, and as we raised capital from accredited investors, corporate funding was replaced by investor equity. The remaining portion was funding by a third-party construction loan,” he says.

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DevelopmentIllinoisIndustrialMidwest

CRG to Develop 66,552 SF Spec Industrial Facility Adjacent to O’Hare International Airport

by Kristin Harlow

FRANKLIN PARK, ILL. — CRG has unveiled plans to develop The Cubes at ORD, a 66,552-square-foot speculative industrial facility in the Chicago suburb of Franklin Park. The project will be situated on 4.3 acres at 3901 Fleetwood Drive immediately southeast of O’Hare International Airport. The multimodal facility, which will feature direct access to I-294 and the airport, will accommodate small and mid-size users looking for Class A space in the submarket. Completion is slated for the fourth quarter. The Cubes at ORD will offer the same modern features as CRG’s other Cubes-branded facilities, including ESFR sprinkler systems, high-efficiency LED lighting, 20 exterior docks, two drive-in doors, 11 trailer storage spaces and parking for 70 vehicles. CRG’s parent company, Clayco, will serve as the builder. CRG affiliate Lamar Johnson Collaborative is the architect. Brian Colson and Brian Pomorski of Avison Young will market the project for lease. Avison Young also represented CRG in the purchase of the land, while Michael Caprile of CBRE represented the sellers.

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