Thursday, July 2, 2026
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AcquisitionsMidwestMissouriRestaurantRetail

Paris Baguette to Open Fourth Kansas City-Area Location in Lee’s Summit

by Kristin Harlow

LEE’S SUMMIT, MO. — Bakery café Paris Baguette will open at 909 NE Rice Road in Lee’s Summit. The Jackson County location marks the tenant’s fourth in the Kansas City area, following the upcoming downtown location in Kansas City’s Power & Light District. The Lee’s Summit bakery is expected to open in spring 2027 following an extensive remodel. Bill Maas of Block & Co. Inc. Realtors represented the seller of the property, Equity Bank. Paris Baguette is known for integrating Asian-inspired flavors with traditional French baking methods.

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AcquisitionsDevelopmentIndustrialTexas

Partners Real Estate Arranges Sale of 25.4-Acre Industrial Development Site in Schertz, Texas

by Taylor Williams

SCHERTZ, TEXAS — Partners Real Estate has arranged the sale of a 25.4-acre industrial development site in Schertz, located northeast of San Antonio. The site is situated on Friesenhahn Lane between I-35 and FM 482. Stan Nowak and Andrew Alizzi of Partners represented the buyer, HPI Real Estate Development, in the transaction. The seller and future plans for the site were not disclosed.

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100-Martinangelo-Drive-Marlborough-Massachusetts
CivicDevelopmentMassachusettsNortheast

Massachusetts State Police to Open 200,000 SF Crime Lab, Training Facility in Marlborough

by Taylor Williams

MARLBOROUGH, MASS. — The Massachusetts State Police will open a 200,000-square-foot crime lab and training facility in Marlborough, a western suburb of Boston. The facility will be situated on a 24-acre site at 100 Martinangelo Drive, and the Commonwealth of Massachusetts has entered into a 20-year, triple-net lease with the owner, an investment group led by Greatland Realty Partners. The building will rise four stories, and the space will be able to accommodate about 250 employees. Completion is slated for early 2028. Brett Paulsrud, Andrew Gray and Michael George of JLL arranged credit tenant lease (CTL) financing for the project on behalf of ownership.

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Highlands-Rendering
DevelopmentGeorgiaMultifamilySoutheast

Brook Farm, Manor Park to Develop 336-Unit Multifamily Community in Savannah

by Abby Cox

SAVANNAH, GA. — Brook Farm Group and Manor Park Ventures will co-develop 675 Morgan, a 336-unit multifamily community located in the Savannah Highlands neighborhood. Upon completion, the project will feature 11 three-story buildings with one-, two- and three-bedroom floorplans. Amenities will include a resort-style swimming pool, clubhouse, 24-hour fitness center, walking trails, pickleball courts and a golf simulator. Ameris Bank, one of Brook Farm Group’s preferred lenders, provided construction financing for this transaction. The project team includes general contractor Summit Contracting Group.

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airpark-east-phase
DevelopmentIndustrialSoutheastTennessee

MYCON, Hamilton Creek Break Ground on 318,250 SF Industrial Facility in Nashville

by Abby Cox

NASHVILLE, TENN. — A partnership between MYCON General Contractors and Hamilton Creek Partners has broken ground on Airpark East Phase II, a 318,250-square-foot industrial facility located within Airpark Commerce Center in Nashville. Airpark East Phase II will span two buildings comprising 138,250 square feet and 180,000 square feet. The buildings are expected to be delivered in the first quarter of 2027. Airpark East Phase II follows the development of Airpark Phase I, a 204,500-square-foot logistics center previously completed by MYCON.

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Sweetgrass-Corner
AcquisitionsRetailSouth CarolinaSoutheast

CRC Sells Two Adjacent Shopping Centers in Mount Pleasant, South Carolina

by Abby Cox

MOUNT PLEASANT, S.C. — Baltimore-based Continental Realty Corp. (CRC) has sold two adjacent shopping centers located at 1903 and 1909 Highway 17 N in Mount Pleasant. The properties, which include Sweetgrass Corner (88,316 square feet) and The Shops at Towne Centre Way (7,054 square feet), span a combined 95,370 square feet and were fully leased at the time of sale to tenants including Trader Joes, HomeSense and Golf Galaxy. The buyer and sales price were not disclosed. CRC acquired Sweetgrass Corners in 2022 for $17 million and The Shops at Towne Centre Way for $3.9 million as part of an initiative to upgrade the retail environment surrounding Mount Pleasant Towne Centre, the company’s adjacent 510,000-square-foot lifestyle center.

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rev3-emerson
DevelopmentGeorgiaLoansMultifamilySoutheast

Trilogy Investment Receives Construction Loan for 122-Unit Townhome Development in Emerson, Georgia

by Abby Cox

EMERSON, GA. — Trilogy Investment Co. has received a construction loan for the development of REV3 at Stars Way, a 122-unit build-to-rent (BTR) townhome community in Emerson, a city near the north Atlanta suburb of Cartersville. REV3 Homes, a division of Trilogy Investment Co., will serve as the general contractor for the project. Vertical construction is set to begin at the end of the month, while the first home deliveries are anticipated for late 2026. REV3 at Stars Way will feature modern townhomes with one-car garages and open-concept floorplans.

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LoansMultifamilyNew YorkNortheast

HKS Real Estate Arranges $37.5M Loan for Refinancing of Midtown Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $37.5 million loan for the refinancing of 230 East 44th Street, a 164-unit apartment building in Midtown Manhattan. Known as The Centra, the 14-story building offers studio, one-, two- and three-bedroom units, as well as 5,055 square feet of commercial space that was fully leased at the time of the loan closing to six tenants. Ayush Kapahi of HKS arranged the loan on behalf of the owner, Dalan Rentals. Infinity Funds provided the loan.

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33520 Zeiders Road_Colliers
AcquisitionsCaliforniaIndustrialWestern

Southwest Traders Buys Industrial Facility in California’s Inland Empire for $40.5M

by Amy Works

MENIFEE, CALIF. — Temecula, Calif.-based foodservice distributor Southwest Traders (SWT) has acquired the 229,934-square-foot Building 3 within Gateway at Menifee, an industrial facility located at 33520 Zeiders Road in Menifee. The seller was an entity doing business as Scott Road Property LLC, and the sales price was $40.5 million. The facility is situated within the five-building industrial complex formerly known as Scott Road Commerce Center. The buyer plans to invest approximately $25 million to retrofit a portion of the building into a state-of-the-art refrigerated distribution center. Rick Nunez, Mateo Mobilia and Michael Romero of Colliers represented the buyer in the transaction.

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Mesa-Grand-Shopping-Center-AZ
ArizonaLoansRetailWestern

Gantry Arranges $38M Loan for Refinancing of 224,000 SF Shopping Center in Metro Phoenix

by Amy Works

MESA, ARIZ. — Gantry has arranged a $38 million permanent loan for the refinancing of Mesa Grand, a 224,000-square-foot regional power center located in Mesa, roughly 19 miles east of Phoenix. Tenants at the center include Famous Footwear, Burlington Coat Factory, Michaels, Dollar Tree, Texas Roadhouse, Starbucks Coffee, Chili’s and Crunch Fitness, which will open soon. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private investor. An institutional balance sheet lender provided the five-year, fixed-rate loan, which features full-term interest-only payments with cash-out proceeds. Gantry will act as subservicer for the lender.

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