Tuesday, May 26, 2026
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3450-N-Nevada-Ave-Colorado-Springs-CO
AcquisitionsColoradoIndustrialWestern

Marcus & Millichap Arranges $4.5M Sale of Flex Industrial Property in Colorado Springs

by Amy Works

COLORADO SPRINGS, COLO. — Marcus & Millichap has negotiated the sale of a flex industrial building located at 3450 N. Nevada Ave. in Colorado Springs. A private investor group based in California and New York acquired the property for $4.5 million. Max Rist and Brandon Kramer of Marcus & Millichap’s Denver office represented the seller, a Colorado Springs-based private partnership, in the deal. Built in 1966 on 2.8 acres, the 54,882-square-foot industrial/flex asset is configured into two functional suites, allowing for single-user or multi-tenant occupancy. The buyer plans to redevelop the property to better accommodate modern industrial tenant requirements.

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AcquisitionsArizonaOfficeWestern

Cushman & Wakefield | PICOR Brokers $3.3M Sale of Office Building in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 52,000-square-foot office building located located at 100-150 N. Tucson Blvd. in Tucson. Tucson Sam Hughes LLC acquired the asset from Eria LLC for $3.3 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Robert Davis of Tango Commercial Real Estate represented the buyer in the deal.

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Millyard-at-Meadow-Commons-Newinngton-Connecticut
AcquisitionsConnecticutMultifamilyNortheast

IPA Brokers Sale of 269-Unit Apartment Complex in Newington, Connecticut

by Taylor Williams

NEWINGTON, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Millyard at Meadow Commons, a 269-unit apartment complex in Newington, a southern suburb of Hartford. Built in 2025, the property features studio, one-, two- and three-bedroom units and amenities such as a pool, outdoor grilling and dining stations, resident lounge and a game room. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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DevelopmentLoansMidwestMultifamilyOfficeWisconsin

Dwight Capital Provides $114M HUD-Insured Loan for Office-to-Apartment Conversion in Milwaukee

by Kristin Harlow

MILWAUKEE — Dwight Capital has provided a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, a 34-story office building in Milwaukee, into a 373-unit luxury apartment community. Positioned at the heart of the city’s central business district along the Milwaukee River, 100 East Wisconsin is currently the state’s third-tallest building and will become the tallest residential building upon completion, according to Dwight. Units will come in studio, one-, two- and three-bedroom layouts. Amenities will include a fitness center, yoga studio, spa, coworking space, conference room, pet lounge, bike storage, multiple lounge and bar areas, a game room with a sports simulator and a rooftop deck with swimming pool. At 35 years old, 100 East Wisconsin is among the newest buildings ever added to the National Register of Historic Places, having been designated in January 2025 in recognition of its architectural and historic significance. The distinction qualified the project for federal and state historic tax credits. The City of Milwaukee further supported the project with a tax-increment financing package of up to $16.6 million through a newly established tax-increment district. The HUD loan was the largest multifamily HUD loan ever closed in Wisconsin; the largest …

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AcquisitionsIndianaIndustrialMidwest

Missner Group Acquires 843,531 SF Industrial Portfolio in Indiana

by Kristin Harlow

MERRILLVILLE AND WHITESTOWN, IND. — The Missner Group has acquired three Class A industrial properties totaling 843,531 square feet in Indiana. The acquisition includes a two-building, 540,986-square-foot portfolio located at 9401 and 9602 Georgia St. in Merrillville and a newly constructed 302,545-square-foot logistics facility situated within 65 Commerce Park in Whitestown. With the addition of these assets, Missner will nearly double its industrial portfolio from roughly 1.2 million square feet to more than 2.2 million square feet. Built in 2021 and 2022, the Merrillville portfolio is fully leased to four tenants, including NFI Industries, WABTEC and EMCOR-Hyre Electric Co. of Indiana. Located roughly 40 miles from downtown Chicago, the properties provide direct access to I-65, I-80/I-94 and I-90. The Whitestown property, completed in 2023, is fully leased to Style Link Logistics LLC and backed by a corporate guaranty from SHEIN Distribution Corp. The facility features a clear height of 32 feet, ESFR sprinklers, LED lighting, 30 dock doors, trailer parking, multi-tenant flexibility and proximity to the Indianapolis International Airport. Missner will oversee management of the assets. CBRE National Partners represented the sellers in the Whitestown transaction.

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DevelopmentIndustrialIowaMidwest

Opus Breaks Ground on 80,000 SF Advanced Manufacturing Facility for ContiTech in Iowa

by Kristin Harlow

MOUNT PLEASANT, IOWA — Opus has broken ground on an advanced manufacturing facility for ContiTech, a group sector of Continental, at its existing plant in Mount Pleasant within eastern Iowa. At more than 80,000 square feet, the new compounding center will integrate production, warehouse and office operations to support ContiTech’s hose and belt businesses while optimizing its North American mixing footprint. The project will include a three-story, 17,472-square-foot mixing facility, an automated high-bay warehouse, shipping and receiving, bulk storage and a 4,250-square-foot office and lab space. The three-story mixing facility will support a specialized vertical manufacturing process in which raw materials are introduced on the upper level and move through advanced mixing lines to lower floors. Opus is the design-builder, Martin Gardner Architects is the architect and Raker Rhodes Engineering is the structural engineer. Completion is slated for June 2027.

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LoansMultifamilyNew YorkNortheast

Black Bear Capital Arranges $39M Loan for Refinancing of Long Island Apartment Complex

by Taylor Williams

CENTRAL ISLIP, N.Y. — Black Bear Capital Partners (BBCP) has arranged a $39 million loan for the refinancing of Villas at Eastview, a 100-unit apartment complex located in the Long Island community of Central Islip. The property consists of 11 buildings on an 8.6-acre site. Units exclusively come in two-bedroom floor plans and have an average size of 1,295 square feet. Emil DePasquale and Robert Serra of BBCP arranged the loan, which carries a seven-year term, fixed interest rate and a 60 percent loan-to-value ratio, through New York Life Insurance on behalf of the owner, The Crest Group.

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IllinoisIndustrialLeasing ActivityMidwest

Fromm International Signs 72,745 SF Industrial Lease in Algonquin, Illinois

by Kristin Harlow

ALGONQUIN, ILL. — Fromm International LLC has signed a 72,745-square-foot industrial lease at Algonquin Corporate Center in the Chicago suburb of Algonquin. The manufacturer of professional salon tools and accessories is relocating its national distribution operations from the O’Hare submarket. Adam Marshall and Mark Deady of Newmark represented the tenant, with Newmark’s Cooper Weisman and Dylan Weisman providing strategic support. Mike Sedjo and John Hamilton of CBRE and Ben Dickey of Stream Realty Partners represented the landlord, NorthPoint Development. Fromm International will occupy space within Building 1 of the five-building, 1.7 million-square-foot campus. Constructed in 2022, the facility features a clear height of 36 feet, 130-foot truck courts, ESFR sprinkler systems and spec office space.

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AcquisitionsMultifamilyNew JerseyNortheast

ICON Real Estate Negotiates $7.9M Sale of Northern New Jersey Apartment Building

by Taylor Williams

EAST ORANGE, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $7.9 million sale of a 58-unit apartment building in the Northern New Jersey community of East Orange. The two-story building at 223 Prospect St. was constructed in 1947 and exclusively offers two-bedroom units, according to Apartments.com. David Jarvis and David Oropeza of ICON brokered the deal on behalf of the buyer and seller, both of which were limited liability companies.

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IndustrialLeasing ActivityNew YorkNortheast

ASAK Solutions Signs 16,515 SF Industrial Lease in Queens

by Taylor Williams

NEW YORK CITY — ASAK Solutions Inc., a provider of ground-handling services for the aviation industry, has signed a 16,515-square-foot industrial lease in the Jamaica area of Queens. The facility at 152-15 Rockaway Blvd. will support the company’s ramp and cargo handling business as JFK International Airport. Joseph Hentze Jr. of Cushman & Wakefield represented the tenant in the lease negotiations. Joseph Lagano and Reid Berch of Avison Young represented the landlord, Boston-based Longpoint Partners.

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