Wednesday, September 23, 2026
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800-E-Germann-Rd-Chandler-AZ
AcquisitionsArizonaIndustrialWestern

Oxford Properties, Sagard Real Estate Divest of 113,110 SF Industrial Facility in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Oxford Properties, in partnership with Sagard Real Estate, has completed the disposition of 800 East Germann Road in Chandler to Cohen Asset Management for an undisclosed price. Will Strong, Jack Stamets, Molly Miller, Michael Matchett and Madeline Warren of Cushman & Wakefield represented the buyer and seller in the deal. Brian Share and Ernesto Sanchez of Cushman & Wakefield led the debt placement, securing a loan through an insurance company lender. Delivered in 2021, the 113,110-square-foot facility features 1.5 acres of secured excess yard space, a fully gated truck court and efficient circulation. Ferguson Enterprises fully leases the property, which is located within Chandler Airpark.

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248-250-Bendigo-Blvd-S-249-Main-Ave-S-North-Bend-WA.jpg
AcquisitionsRestaurantRetailWashingtonWestern

Northmarq Brokers $8.2M Sale of Multi-Tenant Retail Center in North Bend, Washington

by Amy Works

NORTH BEND, WASH. — Northmarq has arranged the sale of J.O. Borgen Plaza, a multi-tenant retail center in North Bend, approximately 30 miles southeast of Seattle. The asset traded for $8.2 million. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq’s Pacific Northwest retail investment sales team represented the undisclosed seller and undisclosed buyer in the deal. Located at 248-250 Bendigo Blvd. South and 249 Main Ave. South, the 28,418-square-foot center is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. Additionally, the center features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a commercial national retailer to backfill the Bartell Drugs’ property, with an opening slated for 2027.

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LoansMidwestMissouriMultifamily

Gantry Secures $50.8M in CMBS Financing for Two Kansas City Apartment Communities

by Kristin Harlow

KANSAS CITY, MO. — Gantry has secured a total of $50.8 million in two permanent loans to refinance post-construction bridge debt for a pair of recently renovated apartment communities in Kansas City. The 222-unit Palisades Apartments is situated in the Eastside submarket, and the 133-unit Mayfair Apartments is located in the city’s Woodbridge neighborhood. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. The CMBS loans feature five-year terms and fixed interest rates.

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AcquisitionsDevelopmentIllinoisMidwestMultifamily

Greenstone Partners Brokers $4.4M Sale of Condo Development Site in Chicago’s West Loop

by Kristin Harlow

CHICAGO — Greenstone Partners has brokered the $4.4 million sale of 1276 W. Washington Blvd., a development site in Chicago’s West Loop neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone represented the buyer and seller. The property consists of a 14,850-square-foot parcel of land owned by a longtime Greenstone client. The buyer plans to build a condominium development on the site.

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IllinoisLeasing ActivityMidwestOffice

Switchyards Inks Leases for Two New Coworking Spaces in Chicago

by Kristin Harlow

CHICAGO — Coworking concept Switchyards has inked two leases for additional locations in Chicago. JLL brokered both deals. Sarah Silva and Nicole Becker of JLL represented Switchyards and landlord Range Group in two simultaneous transactions — 2440 N. Lincoln Ave. in Lincoln Park and 1046 W. Kinzie St. in Fulton Market. Both clubs are scheduled to open Monday, Oct. 26.

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CaliforniaDevelopmentMultifamilyStudent HousingTop StoriesWestern

Harrison Street, Michaels Partner with University of San Diego on $230M Student Housing Development

by Kristin Harlow

SAN DIEGO — Harrison Street Asset Management and The Michaels Organization have announced a public-private partnership (PPP) agreement with the University of San Diego (USD) for the development of Presidio Terrace Apartments, a $230 million student housing project. Plans call for 700 beds across 321 units. The investment marks the university’s first-ever PPP agreement. “Presidio Terrace is a strong example of how PPPs can help universities address critical infrastructure needs, creating a win-win situation for academic institutions, investors and college communities,” says Jim Hennessy, head of PPP business development at Harrison Street. “Today, we are seeing more PPP activity than ever before, as more universities recognize that these structures allow them to focus on their core academic mission while conserving capital and transferring operational responsibilities to a private partner.” Located on campus between USD’s academic center and a nearby retail corridor, Presidio Terrace will be purpose-built for upperclassmen, graduate and professional students. Slated for completion in August 2029, the development will provide convenient access to USD’s business, nursing, engineering and law schools. The project is structured through a 99-year ground lease with USD and will benefit from a full real estate tax exemption as a university-affiliated facility. Michaels will lead …

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InterFace-Houston-Retail-Development-Panel
Conference CoverageMarket ReportsRetailTexasTexas Market Reports

InterFace Panel: Retail Development in Houston Is Penciling, But Creativity Remains Paramount

by Taylor Williams

By Taylor Williams In terms of both ground-up construction and expansions and redevelopments of existing properties, retail development in the greater Houston area is pretty healthy by today’s standards, which is to say that meaningful supply gains in major markets are relatively rare in 2026. But the numbers are working in Houston, where sources say that brick-and-mortar sales are strong enough to support the rents that justify new development. Yet at the same time, margins remain thin on both the tenant and landlord sides, and owners are still very much focused on finding creative ways to manage development and operating costs lest they lose that precious, hard-fought cushion. “There’s a ton of new development around the horn, with projects in Katy, Fulshear, Tomball, Magnolia, Baytown and [New Caney’s] Valley Ranch, and those deals are penciling because retailers are keeping up with rents,” said Kenneth Katz, co-founder and principal at Houston-based brokerage firm Baker Katz. His comments were delivered at the annual InterFace Houston Retail & Mixed-Use conference at the Houston Briar Club on Aug. 25., which was attended by more than 200 industry professionals. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial …

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121-Commerce-Park-McKinney
DevelopmentIndustrialTexas

VanTrust Real Estate Breaks Ground on 512,000 SF Spec Industrial Project in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate has broken ground on an approximately 512,000-square-foot speculative industrial project in McKinney, located north of Dallas. The project represents Phase I of a larger, 42-acre development known as 121 Commerce Park. Phase I will consist of two buildings that will span 242,393 and 270,479 square feet. Project partners include Evans General Contractors, architect GSR Andrade, civil engineer Kimley-Horn and leasing agent JLL. Construction of Phase I is expected to last about a year.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 454-Unit Self-Storage Facility in Melissa, Texas

by Taylor Williams

MELISSA, TEXAS — Marcus & Millichap has brokered the sale of UpLift Self Storage, a 454-unit facility located in the North Texas city of Melissa. The eight-building facility was built in 2021 and offers a mix of climate-controlled and drive-up storage units. Charles LeClaire and Dave Knobler of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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AcquisitionsOfficeTexas

Summit RE Negotiates Sale of 209,476 SF Office Building in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Locally based brokerage firm Summit RE has negotiated the sale of a 209,476-square-foot office building in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 4101 International Parkway was constructed on 14.8 acres in 1998. Parker Tims and Luke Ledbetter of Summit brokered the deal. The buyer and seller were both Texas-based entities that requested anonymity.

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