Thursday, March 12, 2026
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IndustrialLoansMidwestMissouri

Gantry Secures $25.5M Refinancing for Logistics Facility in Riverside, Missouri

by Kristin Harlow

RIVERSIDE, MO. — Gantry has secured a $25.5 million permanent loan to retire maturing construction debt from the development of Riverside Logistics Centre II, a 328,000-square-foot, multi-tenant logistics facility in the northwest Kansas City suburb of Riverside. The building features a clear height of 36 feet, 36 overhead dock doors, four drive-in doors and parking for 88 trailers. Mark Reichter and Alec Frook of Gantry represented the borrower, a private real estate investor. A life insurance company provided the nonrecourse loan, which features a seven-year term, fixed interest rate and 27-year amortization.

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DevelopmentIllinoisMidwestMultifamilySeniors Housing

Skender Breaks Ground on 70-Unit Independent Living Community in Arlington Heights, Illinois

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — Skender has broken ground on The Moorings of Arlington Heights, a senior living community operated by Presbyterian Living in metro Chicago. The 172,000-square-foot project will include 70 independent living apartments as part of a larger campus expansion and repositioning at 811 E. Central Road. Designed by Perkins Eastman, the residences will range from 1,050 to 1,900 square feet. The five-story building will include a social and wellness space. Additional amenities will include walking paths, a pond expansion, sitting area and outdoor space. Completion is slated for fall 2027.

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ArkansasDevelopmentSoutheastStudent Housing

Endeavor Breaks Ground on 1,009-Bed Student Housing Development Near University of Arkansas

by John Nelson

FAYETTEVILLE, ARK. — Endeavor Real Estate Group has begun construction on Juniper, a 1,009-bed student housing development located at 77 S. Duncan Ave. near the University of Arkansas campus in Fayetteville. The community will offer 294 units upon completion, which is scheduled for summer 2028. Shared amenities are set to include hospitality-themed gathering spaces; a rooftop pool and sky lounge; sauna and cold plunge; cabanas and grilling areas; a Jumbotron; fitness enter; yoga and Pilates studio; spin room; golf simulator; private courtyards; secured garage parking and bicycle storage; and 3,000 square feet of ground floor retail space. The project team for Juniper includes Endeavor Opportunity Partners III, Marble Capital, Kennedy Wilson, JLL, FaverGray, Modus Studios and Ecological Design Group.

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AcquisitionsMidwestMissouriRetail

Block & Co. Brokers Sale of 81,884 SF Shopping Center in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Block & Co. Inc. Realtors has brokered the sale of the New Mark Shopping Center, an 81,884-square-foot neighborhood retail center in Kansas City anchored by a 52,000-square-foot Sun Fresh Grocery store. The property was 95 percent leased at the time of sale. Block & Co. originally purchased the center in 2001, one year after it was developed by Associated Wholesale Grocers. Since that time, Block & Co. served as the leasing and property management company for the shopping center. David Block and Jay Friedman of Block & Co. negotiated the investment sale on behalf of the property ownership.

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1493-Van-Buren-Road-Palmer-Pennsylvania
DevelopmentMultifamilyNortheastPennsylvania

Joint Venture to Develop $67M Multifamily Project in Lehigh Valley

by Taylor Williams

PALMER TOWNSHIP, PA. — A joint venture between Greystone Capital, Black Bear Asset Management and The Crest Group will develop a $67 million multifamily project in Palmer Township, located outside of Allentown in the Lehigh Valley region. The site spans 16 acres at 1493 Van Buren Road, and the development will comprise 216 units across six residential buildings and a standalone clubhouse building. The unit mix will consist of 90 one-bedroom and 126 two-bedroom apartments that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a fitness center, resident lounge, pickleball court and outdoor grilling areas. A construction timeline was not announced.

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DevelopmentMixed-UseMultifamilyOfficeRetailSoutheastVirginia

LEG, JM Zell Plan to Convert Former TSA Headquarters in Metro D.C. to Apartment Property

by John Nelson

ARLINGTON, VA. — Lincoln Equities Group (LEG) and JM Zell Partners have submitted an application to convert the former headquarters of the Transportation Security Administration (TSA) in Arlington’s Pentagon City neighborhood into apartments. The project would reposition the two vacant office buildings, which the TSA vacated in 2020, into a property with 637 apartments and 31,000 square feet of retail space. In addition to converting 571,564 square feet of obsolete office space, plans for the 4.9-acre site include developing 116,244 square feet of new residential floor area, two new retail areas and a half-acre public plaza that connects to the Metro, as well as maintaining the 900-space underground parking garage that serves both buildings. LEG and JM Zell’s plans were submitted to Arlington County earlier this month and are pending review and approval. The design-build team includes Arquitectonica (architect) and Oculus (landscape architect). The co-developers have selected Wire Gill LLP as their land use attorney.

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AcquisitionsFloridaGeorgiaSeniors HousingSoutheast

Foundry Acquires Five Seniors Housing Communities in Georgia, Florida

by John Nelson

ORLANDO, FLA. — Foundry Commercial, a commercial real estate services firm, developer and investor based in Orlando, has acquired five seniors housing communities in Georgia and Florida. Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Ga., and three communities in Jacksonville, Titusville and Plant City, Fla. Allegro Living Management, an affiliate of Foundry, will operate the portfolio under the Alto brand. Each community features 44 assisted living units and 20 memory care units and has an average vintage age below five years, according to Foundry. Blueprint Healthcare Real Estate Advisors represented the undisclosed seller, a regional development firm, in the transaction. The sales price was also not disclosed.

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LoansMultifamilyNew YorkNortheast

Ariel Property Advisors Arranges $12M Loan for Refinancing of Queens Multifamily Portfolio

by Taylor Williams

NEW YORK CITY — Ariel Property Advisors has arranged a $12 million loan for the refinancing of a portfolio of three multifamily buildings totaling 60 units in Queens. The addresses of the buildings, which are located in the borough’s Sunnyside neighborhood, were not disclosed. Matthew Dzbanek and Matt Swerdlow of Ariel arranged the five-year loan, which was structured with at 65 percent loan-to-value ratio and two years of interest-only payments. The undisclosed borrower will use a portion of the proceeds to complete renovations that are already underway.

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AcquisitionsIndustrialSoutheastVirginia

Cushman & Wakefield | Thalhimer Arranges Sale of 927,500 SF Industrial Property in Danville, Virginia

by John Nelson

DANVILLE, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of a 927,500-square-foot manufacturing facility located at 100 Morgan Olson Way in Danville, a city in south Virginia on the border of North Carolina. The property is situated within Cane Creek Park and offers ample space for manufacturing and/or distribution tenants. Ben Brenner and Jake Hermann of Cushman & Wakefield, along with Davis Stoneburner, Price Gutshall and Rett Turner of Cushman & Wakefield | Thalhimer, represented the seller, an unnamed private individual, in the transaction. The buyer and sales price were also not disclosed.

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AcquisitionsConnecticutHospitalityNortheast

Marcus & Millichap Negotiates $9.2M Sale of Marriott-Branded Hotel in Wallingford, Connecticut

by Taylor Williams

WALLINGFORD, CONN. — Marcus & Millichap has negotiated the $9.2 million sale of a 116-room, Marriott-branded hotel in Wallingford, located north of New Haven. The four-story hotel at 100 Miles Drive was built in 1985 as a Susse Chalet hotel but has been operated under the Fairfield Inn & Suites brand since 2001. Jerry Swon, Andrew Kern and John Krueger of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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