Property Type

JLL Arranges Sale of 113,490 SF Industrial Building Near D.C.

by Abby Cox October 3, 2025

WOODBRIDGE, VA. — JLL Capital Markets has arranged the sale of 95 East Distribution Center, a 113,490-square-foot industrial building located in Woodbridge, roughly 20 miles south of Washington, D.C. Situated at 13600 Dabney Road, the facility features 32-foot clear heights, 14 dock doors and 13 knock-out panels, as well as 10,143 square feet of outdoor storage space. The property is fully leased to Goodwill of Greater Washington and Zippy Shell. Bill Prutting, Craig Childs, Chris Dale, Ginna Wallace, John Dettleff, Dan Coats, Robert Carey and Gus Caiola of JLL represented the seller, a partnership between D.C.-based The Pinkard Group and New York-based Cannon Hill Capital Partners, in the transaction. The buyer was an institutional pension fund advisor. The sales price was not disclosed.

October 3, 2025

Development Industrial North Carolina Southeast

Beacon Partners, HM Partners Break Ground on Final Phase of Industrial Park in Suburban Raleigh

by Abby Cox October 3, 2025

GARNER, N.C. — Beacon Partners and HM Partners have broken ground on the third and final phase of Beacon Commerce Park, a 924,691-square-foot industrial development located in the Raleigh suburb of Garner along the I-40 corridor. Jeff Stephens, Jackson Rives and Jordan Rives of Foundry Commercial are leading leasing efforts for Phase III. The project team includes general contractor Myers & Chapman, architect HagerSmith and Advanced Civil Design. CIBC Bank USA is providing construction financing. Situated immediately north of three existing buildings at Beacon Commerce Park, Phase III will add 294,000 square feet of industrial space across two buildings, which total 156,033 square feet and 138,625 square feet, respectively. The facilities will feature 32-foot clear heights, build-to-suit office space, full concrete truck courts and ESFR sprinkler systems. Shell completion is slated for September 2026.

October 3, 2025

Loans Multifamily Southeast Tennessee

Embrey Secures Construction Financing for 296-Unit Luxury Apartment Community in Franklin, Tennessee

by Abby Cox October 3, 2025

FRANKLIN, TENN. — San Antonio-based Embrey has secured financing for Thatcher at Aureum, a 296-unit luxury apartment complex located within the master-planned development of Aureum in Franklin, a suburb in Nashville’s Cool Springs neighborhood. Garrett Karam and Brad Knolle of Embrey internally originated the loan through Texas Capital. Construction of the development will begin immediately, with first occupancies anticipated for third-quarter 2027. Thatcher at Aureum will span roughly 3.8 acres and will offer studio, one-, two- and three-bedroom floorplans. Residents will have access to a private clubhouse and lounge with micro-offices and conference space, a podcast studio, game room and grab-and-go market. Other amenities will include a resort-style swimming pool with a spa, private cabanas and grilling areas, as well as a rooftop terrace, gaming lawn, fitness center and yoga studio. The community will also feature a pet spa, pet park, bike storage, repair shop and a 24-hour package room with refrigeration. Additionally, the project will restore and preserve a historic stone wall on the site to commemorate the City of Franklin’s heritage.

October 3, 2025

Acquisitions Arizona Multifamily Western

Rise48 Equity Buys 154-Unit Multifamily Community in Mesa, Arizona

by Amy Works October 3, 2025

MESA, ARIZ. — Rise48 Equity has expanded its Arizona footprint with the purchase of a 154-unit apartment property in Mesa. Terms of the transaction were not released. Rise48 Equity will rebrand the property, formerly known as Emparrado Apartments, as Rise Mountain Ridge. The company plans to renovate all of the units to its Diamond and Gold finish levels. Upgrades will include new stainless steel appliances, vinyl plank flooring, white Shaker cabinet doors, resurfaced countertops and modern plumbing and lighting fixtures. Additionally, 39 percent of the units (60 units) will receive in-unit washers and dryers. Rise48 will also implement exterior improvements, including updates to landscaping, pool and amenity spaces, signage and community branding.

October 3, 2025

Acquisitions Arizona Industrial Western

JLL Brokers Sale of Two-Building Industrial Portfolio in Phoenix

by Amy Works October 3, 2025

PHOENIX — JLL Capital Markets has arranged the sale of Marigold Two-Pack, a two-building, 237,765-square-foot industrial portfolio in metro Phoenix. An Ares Real Estate fund acquired the asset for an undisclosed price. Ares Industrial Management will manage the portfolio, which consists of a 100,000-square-foot property in the Southwest Valley submarket and a 137,765-square-foot asset in the Airport Area submarket. The buildings offer secured and gated yards, 22- to 30-foot clear heights, ample dock-high and grade-level loading, excess parking and low office build-out. At the time of sale, the assets were fully leased to six tenants. Ben Geelan and Greer Oliver of JLL represented the undisclosed seller in the transaction.

October 3, 2025

Arizona Hospitality Loans Western

Concord Summit Capital Secures $12.2M Construction Loan for ECHO Suites Hotel in Chandler, Arizona

by Amy Works October 3, 2025

CHANDLER, ARIZ. — Concord Summit Capital has arranged a $12.2 million construction loan for the development of ECHO Suites Extended Stay by Wyndham at Chandler Airport Center. The borrower is Richmond, Va.-based The Sandpiper Group of Cos., which is expanding its brand across the western United States. Located in Chandler, the four-story project will offer 124 guest rooms. ECHO Suites has nearly 270 hotels in its pipeline nationwide. Robert Horton, John Choi and Connor Martz of Concord Summit structured the financing for the borrower, which is a repeat client. Last year, Concord Summit secured financing for the client for an ECHO Suites project in Peoria, Ariz.

October 3, 2025

California Loans Retail Western

PSRS Arranges $6.7M Refinancing for Retail Center in San Diego

by Amy Works October 3, 2025

SAN DIEGO — PSRS has arranged $6.7 million in refinancing for a shopping center in San Diego. Totaling 65,000 square feet, the multi-tenant two-building property is occupied by Smart & Final, AutoZone and Big 5 Sporting Goods. Additionally, Burger King occupies a drive-thru restaurant pad site on a ground lease. Trevan Swierczewski and Alexander Santulis of PSRS secured the nonrecourse loan that was structured with a 15-year term and 15-year amortization.

October 3, 2025

Acquisitions California Industrial Western

Marcus & Millichap Brokers $1.3M Sale of Industrial Property in Thousand Oaks, California

by Amy Works October 3, 2025

THOUSAND OAKS, CALIF. — Marcus & Millichap has arranged the sale of a 51,401-square-foot industrial redevelopment site at 670 Lawrence Drive in Thousand Oaks. The asset traded for $1.3 million. The names of the buyer and seller were not released. Christian Desnoes of Marcus & Millichap represented both parties in the transaction.

October 3, 2025

Build-to-Rent Development Kansas Loans Midwest Single-Family Rental

Material Capital Partners Receives $77.8M in Financing for Build-to-Rent Community in Shawnee, Kansas

by Kristin Harlow October 3, 2025

SHAWNEE, KAN. — Material Capital Partners (MCP) has received $77.8 million in financing and broken ground on Harmony at Clear Creek, a 188-unit build-to-rent (BTR) community in Shawnee near Kansas City. The project marks the final investment within MCP’s BTR Development Fund I and its third collaboration with financial partner Bluerock. Bank OZK provided construction financing, and Winchester Commercial Group is leading the construction. Harmony at Clear Creek will span 40 acres with a mix of three- and four-bedroom floor plans ranging from 1,600 to 2,400 square feet. Each residence will include a two-car garage, private patio, fenced backyard and mudroom. Amenities will include a clubhouse with a fitness center and coworking spaces, a resort-style pool, dog park, pocket parks and walking trails. The first units are expected to be available for rent in October 2026, with the full project slated for completion in February 2028.

October 3, 2025

Development Healthcare Illinois Midwest

Lurie Children’s Opens 75,000 SF Outpatient Center in Metro Chicago

by Kristin Harlow October 3, 2025

SCHAUMBURG, ILL. — Ann & Robert H. Lurie Children’s Hospital of Chicago has opened its new 75,000-square-foot outpatient center in Schaumburg. The project consolidates services from former locations in Arlington Heights, Hoffman Estates and Huntley into one facility. The center will offer a range of specialties and an ambulatory infusion center. The project team included HKS as architect, Skender as general contractor, IMEG Corp. as structural and mechanical engineer and V3 Cos. as civil engineer. In addition to its main hospital in downtown Chicago, Lurie Children’s now offers care through 17 outpatient centers, six primary care locations and 10 partner hospitals across Chicagoland.

October 3, 2025

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