Thursday, August 13, 2026
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101-Cambridgepark-Drive-Cambridge
DevelopmentLife SciencesMassachusettsNortheast

King Street Completes $170M Life Sciences Project in Cambridge, Massachusetts

by Taylor Williams

CAMBRIDGE, MASS. — Locally based developer King Street Properties has completed a $170 million life sciences project located at 101 Cambridgepark Drive in Cambridge. King Street partnered with California-based Healthpeak Properties on the 160,000-square-foot project, which features both traditional office and laboratory space within a five-story building. The property also includes 3,000 square feet of street-level retail space with outdoor seating. Dimella Shaffer served as the architect of the project, which opened fully preleased. Consigli Construction Co. served as the general contractor.

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DevelopmentLife SciencesNew YorkNortheastOffice

New York Blood Center Enterprises to Open 187,000 SF Headquarters Campus in Rye, New York

by Taylor Williams

RYE, N.Y. — New York Blood Center Enterprises will open a 187,000-square-foot headquarters campus in Rye, located in Westchester County. The facility will include space for life sciences research, blood collections, processing and cell therapy manufacturing and traditional office functions. G3 Architects is designing the project, and Consigli Construction Co. is serving as the general contractor. Construction is underway, and completion is slated for the second half of 2024.

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AcquisitionsDevelopmentIndustrialNew YorkNortheast

Eagle Cliff Real Estate Buys Industrial Development Site on Long Island

by Taylor Williams

ISLIP, N.Y. — New York City-based Eagle Cliff Real Estate Partners has purchased an eight-acre industrial development site located at 4955 Veterans Memorial Highway in the Long Island community of Islip. Eagle Cliff plans to construct a 108,023-square-foot building that will be known as Holbrook Logistics Center and that will clear height of 36 feet, two drive-in doors and 108 parking spaces. Delivery is slated for the third quarter of 2024. Jordan Avanzato, Marc Duval, Nicholas Stefans, Jason Lundy, Jose Cruz and Mark Belenky of JLL brokered the land deal. The seller was an undisclosed local developer. First Citizens Bank provided $19.5 million in construction financing for the deal.

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DevelopmentIndianaIndustrialMidwest

Walmart Opens 2.2 MSF Fulfillment Center Near Indianapolis

by Kristin Harlow

MCCORDSVILLE, IND. — Walmart has opened a new 2.2 million-square-foot fulfillment center in McCordsville, about 20 miles northeast of Indianapolis. The project marks Walmart’s largest fulfillment center to date and will enable the retailer to fulfill more orders via next- or two-day shipping. More than 1,000 Walmart associates will work at the fulfillment center. Walmart employs more than 43,000 associates in Indiana. 

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CivicDevelopmentIndianaMidwest

Clayco Breaks Ground on $78M Terminal Expansion, Renovation Project at Fort Wayne International Airport

by Kristin Harlow

FORT WAYNE, IND. — Clayco has broken ground on a $78 million expansion and renovation project for the East Terminal at Fort Wayne International Airport in Indiana. An expansion of the West Terminal wrapped up in May. Mead & Hunt is the architect. In addition to the renovation and expansion, the project also includes relocating all airline gates and passenger boarding bridges to the second level; expanding the TSA security checkpoint area; relocating the airport restaurant; and creating a new frequent flyer lounge. Work will also include new and improved public areas, including additional restrooms, new meter and greeter space, expanded circulation areas and vertical transportation. Plans also call for updating the existing baggage claim and rental car areas. Clayco will demolish existing interior and structural components to expand the building outward and vertically over the first floor, and expand the building to include a new east concourse. Completion is slated for June 2025.

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DevelopmentIndustrialMidwestMinnesota

ALCAT Broadway Begins Development of 182,000 SF Spec Industrial Building in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Developer ALCAT Broadway LLC has begun construction of The Broadway, a 182,000-square-foot speculative industrial building located at the intersection of Broadway Street and Industrial Boulevard in Minneapolis. The project will feature a clear height of 32 feet, 33 dock doors and up to 20 spaces for trailer storage. The development is situated within an Opportunity Zone. Todd Hanson, Jason Sell and Jordan Dick of Cushman & Wakefield will market the project for lease. Completion is slated for the fourth quarter.

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AcquisitionsMidwestNebraskaRetail

Marcus & Millichap Arranges $3.6M Sale of Retail Property in Omaha

by Kristin Harlow

OMAHA, NEB. — Marcus & Millichap has arranged the sale of a 5,412-square-foot retail property in Omaha for $3.6 million. Constructed in 2021, the building is home to Bank of the West and Dave’s Hot Chicken and is located at 339 N. Saddle Creek Road. Brennan Clegg, Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company. Buyer information was not provided.

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AcquisitionsIllinoisMidwestRetail

Quantum Brokers Sale of Dollar General-Occupied Property in Winthrop Harbor, Illinois

by Kristin Harlow

WINTHROP HARBOR, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of a single-tenant retail property occupied by Dollar General in Winthrop Harbor, a city in Northeast Illinois. The sales price was undisclosed. The building was constructed in 2013 and is located at 914 Sheridan Road. Dollar General signed a 15-year lease in 2013. Daniel Waszak of Quantum represented the buyer, a New York-based investor. An Illinois-based investor was the seller.

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AcquisitionsIndustrialNortheastPennsylvania

CBRE Brokers $5.2M Sale of Industrial Property in Pottstown, Pennsylvania

by Taylor Williams

POTTSTOWN, PA. — CBRE has brokered the $5.2 million sale of a 60,000-square-foot industrial property in Pottstown, a northwestern suburb of Philadelphia. Built in 2000, the facility sits on a 10.3-acre site within Pottstown Industrial Park. Stephen Marzullo, Adam Silverman and Paul Touhey of CBRE represented the seller, an entity doing business as Wynnestay LLP, in the transaction. A subsidiary of TMC Properties LLC purchased the asset, which was fully leased at the time of sale to Eastwood Co., an e-commerce firm in the automotive space, for an undisclosed price.

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AcquisitionsMultifamilyNew YorkNortheast

GFI Realty Negotiates $3.2M Sale of Brooklyn Multifamily Building

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm GFI Realty Services has negotiated the $3.2 million sale of a 23-unit multifamily building located in the Midwood area of Brooklyn. Built in 1928, the property consists of four studios, 11 one-bedroom apartments, seven two-bedroom units and one three-bedroom apartment. Matthew Sparks of GFI Realty represented the seller, Santa Rosa Realty, in the transaction. Moshe Goldberger, also with GFI Realty, represented the buyer, Aida Abba Realty.

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