Wednesday, November 11, 2026
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DevelopmentIllinoisIndustrialMidwest

Contegra Construction Underway on 75,000 SF Eastport Commerce Center in Collinsville, Illinois

by Kristin Harlow

COLLINSVILLE, ILL. — Contegra Construction Co. is underway on Eastport Commerce Center, a 75,000-square-foot office and distribution facility in Collinsville, an eastern suburb of St. Louis. BHMG Engineers, a utility engineering firm based in Sunset Hills, Mo., has leased 25,000 square feet at the property. The new office will replace BHMG’s existing 5,000-square-foot office at 1902 Vandalia St. in Collinsville. Located on a 9.5-acre site at the intersection of Eastport Plaza Drive and Fairmont Avenue, the building is near the I-255/I-55 interchange. The property features a clear height of 28 feet, four dock doors, three drive-in doors and 160 parking spaces. A timeline for completion was not provided.

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425-S-College-Ave-Fort-Collins-CO
AcquisitionsColoradoRetailWestern

Cushman & Wakefield Negotiates $7.3M Sale of Lucky’s-Occupied Grocery Store in Fort Collins, Colorado

by Amy Works

FORT COLLINS, COLO. — Cushman & Wakefield has arranged the sale of a single-tenant retail asset located at 425 S. College Ave. in Fort Collins, about 60 miles north of Denver. McWhinney sold the asset to an undisclosed investor for $7.3 million. Lucky’s Market occupies the 26,602-square-foot property on a long-term lease. The asset was built on 1.7 acres in 1966 and most recently renovated in 2018. During its ownership, McWhinney completed at $3 million renovation, adding bike parking and landscaping elements. Jon Hendrickson, Aaron Johnson, Aki Palmer and Cole VanMeveren of Cushman & Wakefield, along with Peter Pavlakis of Legend Retail Group, represented the seller in the deal.

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AcquisitionsMidwestMultifamilySeniors HousingWisconsin

ESI Brokers Sale of 186-Bed Samaritan Health Center in West Bend, Wisconsin

by Kristin Harlow

WEST BEND, WIS. — Evans Senior Investments (ESI) has brokered the sale of Samaritan Health Center, a county-owned facility in West Bend, about 30 miles north of Milwaukee. The community was originally built in 1969 and renovated in 2009. The property offers three licensed programs: a skilled nursing facility, an assisted community-based residential facility (CBRF) and a supportive living, apartment-style residential care apartment complex (RCAC). Altogether, the center provides 186 beds, including 131 skilled nursing beds, 24 RCAC beds and 31 CBRF beds. According to ESI, Samaritan Health Center was 33 percent occupied at the time of marketing and struggling with negative cash flows. The property also needed substantial renovations. An independent owner-operator purchased the asset for an undisclosed price.

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DevelopmentIllinoisMidwestRetail

Mosaic Construction Completes 6,700 SF Facility for Stride Autism Centers in Oak Park, Illinois

by Kristin Harlow

OAK PARK, ILL. — Mosaic Construction LLC has completed a new facility for Stride Autism Centers at 6400 W. North Ave. in Oak Park near Chicago. One of more than 20 Stride facilities across the country, the new location features a safe free-play natural environment space, circle time areas and more than 10 individualized instruction spaces customized for the needs of children with autism. The 6,700-square-foot space features a reading nook and mural wall inside the activity room as well as new flooring, appliances, paint and updates to the bathrooms and classrooms. Project partners included Huron Design Group, Splash 10, North Builders, D&D Flooring, Frank Bak Decorating, Brew Plumbing, Parkside Electric and G&C Glass, Mirror and Construction.

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6221-Rich-Rd-SE-Olympia-WA
AcquisitionsIndustrialWashingtonWestern

Marcus & Millichap Brokers Sale of 63,500 SF Arts Industrial Park in Olympia, Washington

by Amy Works

OLYMPIA, WASH. — Marcus & Millichap has brokered the sale of Arts Industrial Park, an industrial property in Olympia, about midway between the Seattle/Tacoma area and the Pacific Coast. A partnership sold the asset to a value-add syndicator buyer for $4.8 million. Located at 6221 Rich Road SE, Arts Industrial Park features 63,500 square feet of industrial space. The buyer plans to spend $1 million on renovations and improvements to the property. Matthew Herman and RJ Vara of Marcus & Millichap’s Seattle office represented the seller in the transaction.

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Carson-Loft-Apts-Carson-CA
CaliforniaDevelopmentLoansMultifamilyWestern

PSRS Arranges $5.9M Construction Financing for Carson Loft Apartments in Carson, California

by Amy Works

CARSON, CALIF. — PSRS has arranged $5.9 million in construction financing for Carson Loft Apartments, a multifamily project in Carson, a suburb south of Los Angeles. The community will feature 20 market-rate apartments spread across two parcels totaling 22,587 square feet. Michael Warner of PSRS secured the two-year loan with a 63 percent loan-to-cost ratio and interest-only payments. The borrower is a first-time developer/borrower, and a local bank provided the funds.

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DevelopmentGeorgiaIndustrialSoutheastTop Stories

Aertssen Logistics to Open 380,800 SF Facility at 2,600-Acre Savannah Gateway Industrial Hub

by Kristin Harlow

RINCON, GA. — Aertssen Logistics USA Inc. has unveiled plans to open a 380,800-square-foot equipment processing center at Savannah Gateway Industrial Hub (SGIH) in Rincon near the Port of Savannah. Broe Real Estate Group is the developer of the larger, 2,600-acre industrial park. Aertssen specializes in the transportation, handling, final assembly and management of construction, agriculture and aerial lift equipment. The new 35-acre facility marks the Belgian company’s first U.S.-based operation. Aertssen Logistics is a division of Aertssen Group NV. The property will provide comprehensive logistics services, indoor and outdoor storage, and various tailor-made technical services. Aertssen says it selected the location due to land to expand on, a strong local labor market, strategic highways and quick access to the Port of Savannah’s 35-plus weekly services to world markets. To catalyze its expansion in the U.S., the company established Aertssen Logistics USA as a separate entity that aims to double the current number of machines it processes annually by 2030. In the coming years, Aertssen plans to open additional equipment processing centers in Baltimore, Houston and Tacoma, Wash. “We see significant opportunities for growth, fueled by a strong U.S. economy with substantial investments in infrastructure, which are driving an increased …

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Company NewsRetailSoutheastVirginia

LL Flooring Files for Chapter 11 Bankruptcy Protection, to Close 94 Stores

by John Nelson

RICHMOND, VA. — LL Flooring (NYSE: LL), a specialty retailer of hard- and soft-surface flooring, has commenced voluntary Chapter 11 bankruptcy proceedings. The Richmond-based company, which operates more than 300 stores and a distribution center in Sandston, Va., will also be delisted from the New York Stock Exchange. The retailer plans to use the Chapter 11 proceedings to pursue a “going concern sale” of its business, meaning that LL Flooring’s future buyer could continue the business as usual post-transaction. LL Flooring says it “remains in active negotiations with multiple bidders” and hopes to seek approval from the U.S. Bankruptcy Court for the District of Delaware of a sale of its business in the first few weeks of the proceedings. Concurrent with the filing, LL Flooring announced it has reached an agreement with Hilco Merchant Resources LLC to assist the company in store closing sales at 94 locations. AlixPartners LLP is serving as restructuring advisor to LL Flooring, which has received $130 million in debtor-in-possession (DIP) financing from its existing bank group led by Bank of America. LL Flooring’s stock price closed on Friday, Aug. 9 at $0.84 per share, down from $3.75 a year ago, a 77.6 percent decline.

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DevelopmentFloridaLoansMultifamilySoutheast

13th Floor Obtains $83M Construction Loan for Apartment Development in South Florida

by John Nelson

HALLANDALE BEACH, FLA. — Miami-based 13th Floor Investments has obtained an $83 million construction loan for Parks at Hallandale, a 398-unit, garden-style apartment community underway in South Florida’s Hallandale Beach. Situated on 15.5 acres in Broward County, Parks at Hallandale will feature studio, one-, two- and three-bedroom market-rate and workforce housing units, as well as 6,500 square feet of ground-floor retail space. Designed by MSA Architects, amenities will include a clubhouse, fitness center, resort-style pool and deck, an outdoor pavilion and seating areas with barbecue grills, tennis and pickleball courts, dog park and a children’s playground. CIBC Bank USA provided the loan to 13th Floor, which plans to deliver the community in 2026. Additionally, Scott Wadler and Alec Fox of Berkadia arranged an undisclosed amount of preferred equity from Houston-based Marble Capital.

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AcquisitionsMarylandRetailSoutheast

CRC Sells Centre at Hagerstown Shopping Center in Maryland for $36.3M

by John Nelson

HAGERSTOWN, MD. — Continental Realty Corp. (CRC) has sold Centre at Hagerstown, a shopping center in northern Maryland, for $36.3 million. The buyer was not disclosed. JLL brokered the transaction. Baltimore-based CRC purchased the 292,000-square-foot shopping center in 2019 for $23.5 million and has since sold nine of the center’s 10 freestanding pad sites for a total of $16.1 million. Located at the intersection of I-81 and National Pike at 17850 Garland Groh Blvd., Centre at Hagerstown was roughly 97 percent leased at the time of sale to tenants including Burlington, Crunch Fitness, HomeGoods, Marshalls, PetSmart, Regency Furniture, 2nd & Charles and Party City.

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