Tuesday, June 9, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

AcquisitionsRetailSoutheastTennessee

Marcus & Millichap Secures $5.3M Sale of Retail Center in Chattanooga

by John Nelson

CHATTANOOGA, TENN. — Marcus & Millichap has secured the $5.3 million sale of South Terrace Plaza, a 46,700-square-foot retail center located at 5076-5084 S. Terrace in Chattanooga. The property is shadow-anchored by AMC Theatres and is located near the I-75 transition into I-24. South Terrace Plaza was 94 percent leased at the time of sale to 12 tenants that have an average 23-year tenure at the property. According to Marcus & Millichap, six new leases were executed at the center in the past year. Zach Taylor and Eric Abbott of Marcus & Millichap’s Atlanta office represented the seller, a Tennessee-based developer, in the transaction. Jody McKibben of Marcus & Millichap served as the broker of record in Tennessee in the deal. The buyer was not disclosed. “The strength of the Chattanooga market and the significant upside potential of the center created a highly competitive bid process for this property,” says Taylor.

Continue Reading
FacebookTwitterLinkedinEmail
Bronx-Logistics-Center
DevelopmentIndustrialNew YorkNortheast

Joint Venture Completes 1.3 MSF Spec Industrial Project in The Bronx

by Taylor Williams

NEW YORK CITY — A joint venture between Turnbridge Equities, Dune Real Estate Partners and Sterling Project Development has completed Bronx Logistics Center, a 1.3 million-square-foot speculative industrial project on the borough’s south side. The site at 980 E. 149th St. is an assemblage of five parcels and spans 14.2 acres. The multi-story facility offers a clear height of 32 feet and more than 1,500 parking spaces. ARCO Design/Build provided architectural and general contracting services for the project. The project was first announced in September 2020.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansNew YorkNortheastSelf-Storage

White Oak, Thorofare Provide $21.5M Loan for Self-Storage Conversion Project in Manhattan

by Taylor Williams

NEW YORK CITY — An affiliate of international lender White Oak Global Advisors and California-based Thorofare Capital have provided a $21.5 million loan for a self-storage conversion project in Manhattan’s Tribeca neighborhood. The borrower, CSP Properties LLC, will use the proceeds to acquire the site at 78 Walker St., which currently houses a vacant office and industrial building, and convert the property into a 300-unit self-storage facility. Public Storage will operate the facility, which will span 30,540 net rentable square feet.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMichiganMidwestRetail

Bedrock Acquires 729,079 SF Millender Center in Detroit

by Kristin Harlow

DETROIT — Bedrock has acquired the Millender Center, including the attached garage and retail atrium, in Detroit for an undisclosed price. Completed in 1985, the 729,079-square-foot property includes 1,738 parking spaces and eight dining and retail tenants. Current Millender Center tenants will continue to occupy the eight-story building. Bedrock says the acquisition provides synergies to its Courtyard Detroit Downtown hotel property as well as mixed-use amenities in the area. An affiliate of General Motors Co. was the seller, according to Crain’s Detroit Business. The property is situated across from GM’s Renaissance Center. Bedrock, the real estate arm of Quicken Loans founder Dan Gilbert, has invested more than $7.5 billion to developing and restoring over 140 properties totaling 21 million square feet since 2011.

Continue Reading
FacebookTwitterLinkedinEmail
LoansNew YorkNortheastOfficeRetail

ERG Commercial Arranges $16.5M Loan for Refinancing of Manhattan Office, Retail Buildings

by Taylor Williams

NEW YORK CITY — ERG Commercial Real Estate has arranged a $16.5 million loan for the refinancing of two office and retail buildings in Manhattan’s SoHo neighborhood. The adjacent buildings at 65-67 Greene St. total 21,321 square feet and were fully leased at the time of sale to tenants such as outdoor apparel and equipment retailer Norrona and PatBo clothing store. Ryan Lewis of ERG Commercial originated the debt. The borrower and direct lender were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMidwestMixed-UseNebraska

IPA Capital Markets Arranges $72.2M Loan for Refinancing of Mixed-Use Development in Metro Omaha

by Kristin Harlow

LA VISTA, NEB. — IPA Capital Markets, a division of Marcus & Millichap, has arranged a $72.2 million loan for the refinancing of La Vista City Centre, a mixed-use development in the Omaha suburb of La Vista. The property features the Vivere Apartments, a 392-unit luxury apartment complex, along with 32,878 square feet of retail space and 64,883 square feet of office space. Located adjacent to the Vivere Apartments is The Astro, an indoor and outdoor music venue, and a 34-acre park. Frank Montalto of IPA arranged the financing on behalf of the borrower, City+Ventures, a Nebraska-based investment and development company that partnered with the City of La Vista beginning in 2015 for the development. The seven-year loan features a loan-to-value ratio of 70 percent.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityMidwestOhio

Accelevation Signs 264,000 SF Industrial Lease at First Flight Commerce Center Near Dayton, Ohio

by Kristin Harlow

MIAMI TOWNSHIP, OHIO — Accelevation, a data center infrastructure manufacturing company, has signed a 264,000-square-foot industrial lease at First Flight Commerce Center in Miami Township near Dayton. The industrial business park, which is currently under development, will total six buildings and 1.8 million square feet upon full build-out. Acclevation is scheduled to take occupancy in the first quarter of 2025 and will fully occupy Building 1. Doug Whitten of CBRE represented the landlord, Kansas City-based NorthPoint Development. Bill Buntyn and Todd Cochran of Colliers represented the tenant. Building 1 will feature a clear height of 36 feet, eight dock-high doors, four drive-in doors, 267 parking spaces and 66 trailer parking spaces.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestRetailWisconsin

Mid-America Brokers Sale of 65,000 SF Retail Center in Brookfield, Wisconsin

by Kristin Harlow

BROOKFIELD, WIS. — Mid-America Real Estate has brokered the sale of the Galleria West shopping center in the Milwaukee suburb of Brookfield for an undisclosed price. Located at 18900 W. Bluemound Road, the property totals 65,000 square feet. Tenants include Allen Edmonds, Allure Intimate Apparel, Picardy Shoe Parlour, Bullwinkle’s and Kopp’s Frozen Custard. Dan Rosenfeld of Mid-America represented the buyer, Last Mile Investments, a North American Properties portfolio company based in Cincinnati. Rosenfeld also represented the seller, Galleria West Associates, which has owned and operated the center since the early 1980s. Last Mile Investments plans to begin capital improvements shortly, including a new 20-foot monument sign to enhance visibility for tenants, façade improvements to refresh the exterior and enhanced patio opportunities to accommodate future restaurants and retailers. Andrew Prater of Mid-America will handle leasing.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Estée Lauder Signs 43,000 SF Office Lease in Melville, New York

by Taylor Williams

MELVILLE, N.Y. — Estée Lauder has signed a 43,000-square-foot office lease in the Long Island community of Melville. The beauty and cosmetics provider is taking space at 2 Corporate Center Drive, a 291,230-square-foot building that is currently undergoing a capital improvement program. Phil D’Avanzo of Cushman & Wakefield represented the landlord, Princeton International Properties, in the lease negotiations. Jeff Nemshin of Paragon Group represented Estée Lauder.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMichiganMidwestMultifamily

District Capital Arranges $11.6M Acquisition Loan for Apartment Community in Southeast Michigan

by Kristin Harlow

MICHIGAN — District Capital has arranged an $11.6 million loan for the acquisition of a 135-unit townhome apartment community in southeast Michigan. The agency loan features an initial interest-only period followed by a 30-year amortization. Dave Dismondy of District Capital arranged the nonrecourse loan, which allows for additional loan proceeds once a value-add plan is accomplished.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts