Thursday, June 26, 2025
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Copal-Bellevue-WA
DevelopmentMultifamilyWashingtonWestern

Legacy Partners Breaks Ground on 288-Unit Copal Multifamily Property in Bellevue, Washington

by Amy Works

BELLEVUE, WASH. — Legacy Partners has broken ground on Copal, an apartment community in Bellevue’s Bel-Red submarket. Located at 1525 132nd Ave., the mid-rise, transit-oriented residential property was formerly known as Bellevue Station. The eight-story property will offer 288 apartments, including 230 market-rate units and 58 below-market Multifamily Tax Exemption units. Community amenities will include a gym with a separate yoga zone, coffee bar, rooftop clubroom with terrace and an indoor/outdoor/games room. The lobby will offer coworking space with separate breakout work booth for residents. Additionally, the asset will feature 10,000 square feet of ground-floor retail space. Completion is slated for second-quarter 2025.

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Northglenn-Marketplace-Northglenn-CO
ColoradoLoansRetailWestern

JLL Arranges $28.8M Refinancing for Northglenn Marketplace in Colorado

by Amy Works

NORTHGLENN, COLO. — JLL Capital Markets has arranged the $28.8 million refinancing of Northglenn Marketplace, a regional shopping center located at 421 W 104th Ave. in Northglenn. Eric Tupler and Rob Bova of JLL Capital Markets Debt Advisory secured the five-year, floating-rate loan through HTLF for the borrower, a joint venture managed by Hutensky Capital Partners. Lowe’s Home Improvement Warehouse, JO-ANN Fabrics and Crafts, Ross Dress for Less, PetSmart, Woodley’s, Office Depot, Painted Tree Boutiques, dd’s Discounts, Five Below, K&G Fashion Superstore and Cinzetti’s are tenants at Northglenn Marketplace, which was built in 1999.

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AcquisitionsIndustrialOklahomaTexas

MAG Capital Partners Acquires 76,673 SF Industrial Portfolio in Bartlesville, Oklahoma

by Taylor Williams

BARTLESVILLE, OKLA. — Fort Worth-based investment firm MAG Capital Partners has acquired a 76,673-square-foot industrial portfolio in Bartlesville, a northern suburb of Tulsa. The portfolio comprises two buildings totaling 41,525 and 35,148 square feet that respectively feature 14- and 19-foot clear heights. J.C. Asensio, Briggs Goldberg and Andrew Sandquist of Newmark represented the seller, ImageFIRST Healthcare Laundry Specialists, which has entered into a sale-leaseback agreement with MAG Capital Partners.

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AcquisitionsColoradoRetailWestern

Capstone Brokers Sale of Former Sears Site in Lakewood, Colorado

by Amy Works

LAKEWOOD, COLO. — Capstone Colorado Land Team has brokered the sale of a 7.65-acre lot at 10785 Colfax Ave. in Lakewood. Austin, Texas-based Artesia Real Estate Investors acquired the land parcel for an undisclosed price. The site includes the former Sears department store and a separate outparcel building that previously operated as the Sears Automotive Center. The two unoccupied buildings offer a total of 163,957 square feet of commercial space. Travis Hodge and Anthony Bobay of Capstone represented the undisclosed seller, while Artesia Real Estate Investors was self-represented in the transaction.

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IndustrialLeasing ActivityTexas

Jorstin Transportation Signs 62,656 SF Industrial Lease Renewal, Expansion in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Third-party logistics firm Jorstin Transportation Services has signed a 62,656-square-foot industrial lease renewal and expansion in Fort Worth. The tenant has taken an additional 34,473 square feet of space at Everman Trade Center, a four-building, 457,745-square-foot development on the city’s south side. Thomas Grafton and Matt Carthey of Holt Lunsford Commercial represented the landlord, Boston-based Cabot Properties, in the lease negotiations.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 10,000 SF Retail Property in Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has brokered the sale of a 10,000-square-foot retail property located at 6300 North Main St. in Houston’s Heights neighborhood. According to LoopNet Inc., the property was built in 2015. Justin Miller of Marcus & Millichap represented the seller, a locally based developer, in the transaction and procured a 1031 exchange investor as the buyer. Both parties requested anonymity.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 8,953 SF Retail Strip Center in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — Locally based retail brokerage firm STRIVE has arranged the sale of an 8,953-square-foot retail strip center in Flower Mound, a northern suburb of Fort Worth. The property sits at the front of the 158-acre Riverwalk mixed-use development and was fully leased to three tenants at the time of sale. Hudson Lambert of STRIVE represented the seller and procured the buyer, both of which were locally based entities that requested anonymity.

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DevelopmentHealthcareMidwestMinnesota

Davis to Develop 35,000 SF Medical Office Building in Eagan, Minnesota

by Kristin Harlow

EAGAN, MINN. — Minneapolis-based developer Davis is developing a 35,000-square-foot multispecialty clinic and ambulatory surgery center in the Twin Cities suburb of Eagan. The Class A medical office building will be anchored by Midwest Surgery Center, which has signed a lease for 27,000 square feet. Midwest Surgery Center, which is a partnership between Midwest ENT and St. Paul Eye, also operates a location in Woodbury, Minn. The Eagan facility is slated for completion in December 2023. The project team includes Minneapolis-based Synergy Architectural Studio and Plymouth, Minn.-based Timco Construction Inc.

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IndianaLeasing ActivityMidwestOffice

Kimley-Horn Signs 29,737 SF Office Lease Renewal, Expansion at Parkwood Crossing in Suburban Indianapolis

by Kristin Harlow

CARMEL, IND. — Kimley-Horn, a planning and design consultancy firm, has signed a 29,737-square-foot office lease at Parkwood Crossing in the Indianapolis suburb of Carmel. The tenant is expanding from its original 9,779-square-foot space and relocating to a new building within Parkwood Crossing. Owner Rubenstein Partners LP is completing a substantial capital improvements program at the building. Parkwood Crossing comprises eight buildings and 1.2 million square feet. Rubenstein acquired the development in 2016 and completed renovations and additions such as a 14,000-square-foot amenity center. Traci Kapsalis, John Robinson and Brittany Shuler of JLL represented Rubenstein in the lease transaction. Hayden Rasmussen of Savills and Kevin Dick of Bradley Co. represented Kimley-Horn.

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AcquisitionsIllinoisMidwestMultifamily

Monarch Realty Partners Brokers Three Multifamily Sales Totaling $3.9M in Chicago

by Kristin Harlow

CHICAGO — Monarch Realty Partners has brokered the sales of three multifamily properties totaling 88 units on Chicago’s South Side for $3.9 million. The buildings are located at 8003 S. Ingleside Ave., 7503 S. Yates Blvd. and 7900 S. Essex Ave. Robert Berman and Rudy Hancock of Monarch brokered the transaction on behalf of the separate sellers. Buyer and seller information was not provided.

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