Wednesday, May 13, 2026
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4881-Ironton-St-Denver-CO
AcquisitionsColoradoIndustrialWestern

Brennan Investment Group Acquires 64,020 SF Industrial Property in Denver

by Amy Works

DENVER — Brennan Investment Group has purchased an industrial building located at 4881 Ironton St. in Denver. Terms of the transaction were not released. Situated on 3.3 acres within Montbello Industrial Park, the 64,020-square-foot building features a clear height of 21 feet, significant power capacity, multiple dock-high doors, drive-in access and excess outdoor storage. Brennan plans to reposition the vacant asset through targeted capital improvements and lease-up efforts, with the flexibility to accommodate a single-tenant or multi-tenant configuration. The company intends to execute a five-year business plan focused on leasing and stabilization of the property.

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LoansMichiganMidwestSingle-Family Rental

Madison Capital Group Arranges $21.2M in Financing for Detroit Single-Family Rental Portfolio

by Kristin Harlow

DETROIT — Madison Capital Group has arranged $21.2 million in permanent senior debt financing for a 266-home single-family rental portfolio throughout metro Detroit. Detroit Renaissance Funds owns and operates the portfolio. Madison Capital is also an equity investor in the portfolio, which consists of a mix of renovated single-family homes and duplex/multiplex residences primarily with three- and four-bedroom units. A significant portion of the units are supported by Section 8 programs. At present, the portfolio is more than 96 percent occupied.

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AcquisitionsMidwestMultifamilyWisconsin

CBRE Brokers Sale of 120-Unit Apartment Community in West Bend, Wisconsin

by Kristin Harlow

WEST BEND, WIS. — CBRE has arranged the sale of Trail’s Edge Apartments, a 120-unit apartment community in West Bend, a northern suburb of Milwaukee. Wisconsin Lakefront Property Management LLC acquired the property from an ownership group that included an entity related to American Construction Services, the asset’s original developer. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller. Built in 2022, the property features a range of one- and two-bedroom floor plans ranging from 785 to 1,465 square feet. Amenities include a fitness center, picnic area, community room, pet washing station and interior car wash bay.

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DevelopmentIllinoisMidwestRetail

Joseph Nicholas Construction Breaks Ground on 133,960 SF Porsche Dealership in Barrington, Illinois

by Kristin Harlow

BARRINGTON, ILL. — Joseph Nicholas Construction (JNC), in partnership with Murgado Automotive Group, has broken ground on a new Porsche dealership showroom and service center at 24 E. Dundee Road in Barrington, about 40 miles northwest of downtown Chicago. The two-story, 133,960-square-foot facility will be the largest Porsche dealership in Illinois and one of the largest in the country, according to JNC. The facility will employ 80 to 100 people when it opens in late spring 2027. Upon completion, Barrington Porsche will serve as the new location for Murgado Automotive Group’s existing Porsche dealership, which is currently operating within the existing Motor Werks of Barrington auto mall, a 45-acre automotive sales campus that also houses BMW, Mercedes-Benz, Cadillac, Honda and Infiniti dealerships. The new showroom will have ample space across the first and second floors to display the full line of Porsche models. The basement level can store up to 90 inventory cars.

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Leasing ActivityMidwestMissouriOffice

ARCO National Construction Expands St. Louis Office Lease to 95,000 SF

by Kristin Harlow

ST. LOUIS — ARCO National Construction has leased all remaining vacancy at Clayton Executive Center I, bringing the property to full occupancy. With this expansion, ARCO now occupies the entire building. An affiliate of Stanton Road Capital owns the property. Tom Bajardi of Sansone Group represented ownership in the lease. ARCO initially leased 60,000 square feet and is now expanding by an additional 35,000 square feet. Clayton Executive Center consists of two office buildings, both of which are now fully leased.

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AcquisitionsGeorgiaSoutheastStudent Housing

Campus Apartments Acquires 546-Bed Student Housing Community Near Georgia Southern University

by John Nelson

STATESBORO, GA. — Campus Apartments has acquired Monarch 301, a 546-bed student housing community located near the Georgia Southern University campus. Located along Main Street in Statesboro, the garden-style property offers 180 units in a mix of one-, two- and four-bedroom configurations. Shared amenities include a 24-hour fitness center, resort-style pool, study spaces and resident lounges. The seller and terms of the transaction were not released. The new ownership plans to upgrade the property’s high-speed internet imminently through a partnership with Campus Technologies Inc.

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DevelopmentFloridaLoansMultifamilySoutheast

Berkadia Arranges $37M Construction Loan for Apartment Development in Palm Bay, Florida

by John Nelson

PALM BAY, FLA. — Berkadia has secured a $37 million construction bridge loan to finance Astor Pointe, a 171-unit, garden-style multifamily community underway at 3400 Wedgewood Drive NE in Palm Bay. Scott Wadler, Patrick Johnson, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the 24-month loan through RMWC on behalf of the borrower, Miami-based Midtown Capital Partners. The developer will use proceeds of the floating-rate loan to retire the existing construction debt and fund remaining completion costs as Astor Pointe delivers and stabilizes. The waterfront property will feature a mix of one-, two- and three-bedroom residences averaging approximately 870 square feet in size. Amenities will include a resort-style pool, clubhouse, fitness center, outdoor entertainment areas, dog park and spa, game room and a coffee bar.

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AcquisitionsAlabamaRetailSoutheast

Halpern Acquires 74,224 SF Shopping Center in Athens, Alabama

by John Nelson

ATHENS, ALA. — Atlanta-based Halpern Enterprises has acquired Athens Marketplace, a 74,224-square-foot shopping center located at 1061 Kelli Drive in Athens, a western suburb of Huntsville. Drew Fleming and Mark Joines of Newmark represented the privately held seller in the transaction. The sales price was also not disclosed. Built in 2024, Athens Marketplace was fully leased at the time of sale to T.J. Maxx, Ross Dress for Less, Ulta Beauty, Five Below, Rack Room Shoes, America’s Best Contacts & Eyeglasses, High Cotton Nail Bar and Therapy South.

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ArkansasDevelopmentLeasing ActivityRetailSoutheast

Planet Fitness Opens 20,000 SF Gym in Rogers, Arkansas

by John Nelson

ROGERS, ARK. — Planet Fitness has opened a 20,000-square-foot gym at Pleasant Crossing Commons, a shopping center located at 4319 S. Pleasant Crossing Blvd. in Rogers. The 24/7 gym offers strength and cardio equipment, a turf for agility training, mobility and stretching space and the members-only Black Card Spa that features massage chairs, tanning beds and recovery loungers. The new gym is the seventh location in Northwest Arkansas for Excel Fitness, one of the largest franchisees of Planet Fitness. According to LoopNet Inc., Pleasant Crossing Commons’ tenant roster includes Walmart, Walgreens, Academy Sports + Outdoors, Famous Footwear, Ross Dress for Less, Pet Supplies Plus and Starbucks Coffee. The landlord was not disclosed.

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AcquisitionsOfficeSoutheastTennesseeTop Stories

Drawbridge Realty Acquires 30-Story Bridgestone Tower in Downtown Nashville for $255M

by Kristin Harlow

NASHVILLE, TENN. — Drawbridge Realty has entered the Nashville market with the acquisition of Bridgestone Tower, a 30-story office building in the downtown district, for $255 million. Raleigh-based Highwoods Properties Inc. sold the 514,000-square-foot building, which was developed as a build-to-suit for Bridgestone Americas Inc. and completed in 2017. Eastdil Secured represented Highwoods in the sale. The property was fully leased at the time of sale and serves as the headquarters of Bridgestone Americas, the largest subsidiary of Bridgestone Corp., a publicly traded manufacturer of tires and rubber. Bridgestone Tower is situated within walking distance of Broadway, Bridgestone Arena, the Music City Center and the Country Music Hall of Fame. “Bridgestone Tower is a high-quality, mission-critical asset leased to a major global credit tenant in one of the most attractive investment markets in the country,” says Charlie McEachron, CEO of Drawbridge. With this acquisition, Drawbridge has purchased more than $740 million in assets in the past 12 months, totaling over 1.1 million square feet. Last October, the firm acquired The HIVE, a Class A office campus in Costa Mesa, Calif., that is fully leased to Anduril Industries. Drawbridge invested more than $20 million in tenant and capital improvement projects across …

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