Wednesday, September 23, 2026
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AcquisitionsIndianaIndustrialMidwest

JLL Arranges Sale of 500,406 SF Industrial Building Near Indianapolis

by Kristin Harlow

MOORESVILLE, IND. — JLL Capital Markets has arranged the sale of Westpoint Business Park, Building IV, a 500,406-square-foot sustainable food packaging building in Mooresville near Indianapolis. Completed in 2022, the cross-dock facility is fully leased to a packaging and manufacturing company. It features a clear height of 40 feet, 52 dock-high doors, three drive-in doors, a 140-foot truck court, 319 automobile parking spaces and 60 trailer parking positions. The property also includes 12,417 square feet of office space. John Huguenard, Ed Halaburt, Will McCormack and Cameron Chandra of JLL represented the seller, Ambrose. SkyREM acquired the asset.

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Affordable HousingDevelopmentMassachusettsMultifamilyNortheast

TCB, BHA Complete 223-Unit Multifamily Redevelopment Project in Boston

by Taylor Williams

BOSTON — The Community Builders (TCB) and the Boston Housing Authority (BHA) have completed a 223-unit multifamily redevelopment project in the state capital’s Jackson Square neighborhood. The project represents Phase I of the redevelopment of the Mildred C. Hailey Apartments and replaced 253 existing units with two six-story buildings that house 223 units. Specific income restrictions were not disclosed, but the residences comprise 91 “deeply affordable” units and 132 units of “affordable and moderate income housing.” The first phase of the redevelopment also featured the construction of a new, 6,800-square-foot community center named in honor of Anna Mae Cole, a transformational tenant leader, as well as 1,520 square feet of commercial space.

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AcquisitionsDevelopmentIllinoisIndustrialLee & AssociatesMidwest

Lee & Associates Brokers $4.5M Land Sale for Industrial Development in Metro Chicago

by Kristin Harlow

FRANKLIN PARK, ILL. — Lee & Associates of Illinois has brokered the $4.5 million sale of 4 acres at 11330 W. Melrose Ave. in Franklin Park. Jeff Provenza of Lee & Associates represented the buyer, Seefried Industrial Properties, which plans to develop an 81,670-square-foot building. Slated for completion in June 2027, the property will feature 32-foot ceilings, 14 exterior loading docks and visibility from I-294. Provenza and his team have also been retained for leasing. O’Brien Investment Group was the seller.

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DevelopmentNew JerseyNortheastRetail

JLL Negotiates Sale of 93,785 SF Shopping Center in Linden, New Jersey

by Taylor Williams

LINDEN, N.J. — JLL has negotiated the sale of The Shops at Legacy Square, a 93,785-square-foot shopping center located in the Northern New Jersey community of Linden. Built in 2021, the center was roughly 81 percent leased at the time of sale to tenants such as Starbucks, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental. J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the seller, a partnership between Stockbridge Capital Group and Cypress Equities, in the transaction.  Michael Klein and Max Custer, also with JLL, arranged acquisition financing for the deal on behalf of the buyer, a partnership between Lamar Cos. and Real Capital Solutions. 

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Leasing ActivityNortheastOfficePennsylvania

BNY Signs 42,000 SF Office Lease in Wayne, Pennsylvania

by Taylor Williams

WAYNE, PA. — BNY has signed a 42,000-square-foot office lease in Wayne, about 20 miles northwest of Philadelphia. The global financial services company will occupy the entire second floor of a three-story building within Chesterbrook, a 14-building office campus. Whit Hunter, Mike MacCrory and Doug Newbert of JLL represented the landlord, Rubenstein Partners, in the lease negotiations. JLL also represented BNY.

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DevelopmentHospitalityMixed-UseMultifamilyRetailSeniors HousingSoutheastVirginia

Pembroke Realty Provides Updates on $300M Mall Redevelopment in Virginia Beach

by John Nelson

VIRGINIA BEACH, VA. — Pembroke Realty Group has provided updates on the $300 million redevelopment of Pembroke Mall, a regional shopping mall in Virginia Beach that dates back to 1966. The project, renamed Pembroke Square, will comprise The Pembroke, a 284-unit luxury apartment community set to break ground in the coming months, and Tempo by Hilton, a 163-room hotel that is underway. Two additional phases are in pre-development, while approximately 26,000 square feet of retail space is expected to come on line through 2028. Existing components at Pembroke Square include Aviva Pembroke, a 153-unit senior living community that opened in December 2024, and existing shops and restaurants including Bath & Body Works, Kohl’s, Latitude Climbing + Fitness, Nordstrom Rack, Old Navy, REI Co-Op, Target, The Fresh Market and Walgreens. Delivery dates for The Pembroke and Tempo by Hilton were not released.

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Company NewsDevelopmentNorth CarolinaRetailSouth CarolinaSoutheast

Harris Teeter Plans $253M Investment to Enhance Stores, Expand in Carolinas

by John Nelson

MATTHEWS, N.C. — Harris Teeter, a Matthews-based regional grocer and subsidiary of The Kroger Co., plans to invest approximately $253 million over the next three years to refresh and modernize select stores in North Carolina and South Carolina. Renovations and enhancements are planned for locations in Fort Mill and Rock Hill, S.C.; and Matthews, Waxhaw, Concord and Huntersville, N.C. In addition, Harris Teeter plans to open three new stores in Fort Mill and Lake Wylie, S.C., and Kannapolis, N.C. Customers will begin seeing store updates roll out in phases, with timing and scope varying across locations over the next three years. As renovations are completed, grand reopenings are expected to begin this fall.

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FloridaLoansSoutheastStudent Housing

Adam America, JW Capital Secure $180M Refinancing for Student Housing Community Adjacent to Florida International University

by John Nelson

SWEETWATER, FLA. — Adam America Real Estate and JW Capital Management have secured $180 million for the refinancing of Terrazul, a 22-story student housing community located adjacent to Florida International University (FIU). Completed in 2024, the 1,201-bed property is located at 700 S.W. 107th Ave. in Sweetwater, a city in Miami-Dade County. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer and Michael Ianno of Walker & Dunlop arranged the financing through Corebridge Institutional Investment LLC. The borrowers will use the financing to pay off Terrazul’s existing construction loan and collect proceeds. The property features 932 studio, one-, two- and four-bedroom units that were 98 percent occupied at the time of financing, as well as 647 parking spaces, a suite of amenities and 15,442 square feet of retail space on the ground level.

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DevelopmentFloridaLeasing ActivityMixed-UseOfficeSoutheast

Hines, USD Sign Two Office Tenants at T3 FAT Village in Fort Lauderdale

by John Nelson

FORT LAUDERDALE, FLA. — Hines and Urban Street Development (USD) have signed two new office tenants to join T3 FAT Village, a mass-timber office building within the $500 million FAT Village mixed-use redevelopment project in Fort Lauderdale’s Flagler Village. GXO Logistics Inc. will open a new 35,000-square-foot office at the six-story, 180,000-square-foot office building, and workplace furniture provider CBI Workplace Solutions will move its Fort Lauderdale operation to the property from Las Olas Boulevard. The companies are the first committed tenants at T3 FAT Village and will open their offices next year. Blanca Commercial Real Estate handles the office leasing assignment at T3 FAT Village. Christina Jolley, Chris Harak and Kevin Carrasco of Blanca CRE represented GXO in the lease negotiations, while David Hillegas and A.J. Belt of Cushman & Wakefield represented CBI Workplace Solutions. Hines and USD plan to announce the property’s ground-level retail and restaurant tenants later this year.

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DevelopmentMixed-UseTexasTop Stories

Hunt Sports Development Plans Mixed-Use District at Toyota Stadium in Frisco, Texas

by Kristin Harlow

FRISCO, TEXAS — Hunt Sports Development has formed a partnership with Peak Curated Development and Venu Holding Corp. (NYSE: VENU) to build a mixed-use district on the east side of Toyota Stadium and Soccer Center in Frisco, a suburb of Dallas in Collin County. The stadium serves as the home of Major League Soccer’s FC Dallas, which is owned by The Hunt Family. The partnership plans to transform the campus into a year-round destination for hospitality, business, dining and entertainment. Construction is expected to begin in 2027. Project costs were not released, but The Dallas Express reports that the city previously outlined a mixed-use development expected to generate more than $1 billion in private investment once fully developed. The first phase of the project will include a 290-room boutique hotel and more than 40,000 square feet of convention, meeting and event space. The hotel will include a full-service restaurant and bar, rooftop bar and lounge, spa and a fitness center. The flexible convention and event center will feature more than 25,000 square feet of dedicated meeting space, including a 15,000-square-foot ballroom, which will be divisible into smaller breakout rooms. The ballroom and event spaces can be configured for conferences and …

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