Wednesday, May 13, 2026
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540-DeGraw-St.-Brooklyn
DevelopmentLoansMultifamilyNew YorkNortheast

JLL Arranges $142M Construction Loan for Brooklyn Multifamily Project

by Taylor Williams

NEW YORK CITY — JLL has arranged a $142 million construction loan for Majestic, a 255-unit multifamily project located within a Qualified Opportunity Zone in Brooklyn’s Gowanus neighborhood. Designed by Handel Architects, the 12-story building will include 18,000 square feet of commercial space, and 25 percent of the units will be reserved as affordable housing. Christopher Peck, Nicco Lupo, Jeff Julien, Rob Hinckley and Jonathan Faxon of JLL arranged the loan through U.S. Bank on behalf of the borrower, a partnership led by Domain Cos.

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IndustrialLoansNew JerseyNortheast

Seven Hills Realty Provides $47M Acquisition Loan for Northern New Jersey Industrial Property

by Taylor Williams

PASSAIC, N.J. — Seven Hills Realty Trust (NASDAQ: SEVN), an affiliate of The RMR Group, has provided a $47 million acquisition loan for a 330,000-square-foot industrial property located at 153 Linden St. in the Northern New Jersey community of Passaic. JLL arranged the financing on behalf of the borrower, Thor Equities, which will use a portion of the proceeds to fund capital improvements.

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AcquisitionsCivicMassachusettsNortheastOffice

Colliers Brokers $7.6M Sale of Civic Building in Boston’s Back Bay Area

by Taylor Williams

BOSTON — Colliers has brokered the $7.6 million sale of an 8,350-square-foot civic building located at 136 Newbury St. in Boston’s Back Bay neighborhood. Kendin Carr, Caleb Hudak and John Real of Colliers represented the seller, Modern School of Fashion, in the transaction. The undisclosed buyer plans to convert the building into a contemporary office space.

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DevelopmentHealthcareMassachusettsNortheast

Vantage Builders Completes 26,000 SF Medical Office Renovation Project in Metro Boston

by Taylor Williams

PEABODY, MASS. — Vantage Builders has completed a 26,000-square-foot medical office renovation project in Peabody, a northeastern suburb of Boston, that is a build-to-suit for North Shore Physicians Group. Shepley Bulfinch designed the project, which converted 17,000 square feet of ground-floor traditional office space into medical office space. Vantage also built out offices and training areas for administrators and medical office staff on the second floor as part of North Shore’s expansion plan and modified the plumbing, electrical and HVAC systems.

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Leasing ActivityNew JerseyNortheastRestaurantRetail

Korean Restaurant Signs 10,000 SF Lease in Neptune, New Jersey

by Taylor Williams

NEPTUNE, N.J. — KPOT Korean BBQ & Hot Pot has signed a 10,000-square-foot restaurant lease at Neptune Plaza Shopping Center in coastal New Jersey. The restaurant now has 10 locations throughout the Tri-State area. Kevin Pelio of Azarian Realty Co. represented the undisclosed landlord in the lease negotiations. Stephan Miller of Welco Realty represented the tenant.

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IndustrialLeasing ActivityMidwestWisconsin

Thrive Foods Inks 340,623 SF Industrial Lease in Oak Creek, Wisconsin

by Kristin Harlow

OAK CREEK, WIS. — Thrive Foods, a manufacturer of freeze-dried products, has signed a 340,623-square-foot industrial lease at 9141 S. 13th St. in Oak Creek, just south of Milwaukee. The newly completed building, which is a build-to-suit manufacturing facility for Thrive, features LED lighting, 40 loading docks and 50 trailer parking stalls. Stephen Provancher of Newmark represented the tenant, while John Schlueter of Frontline Commercial Real Estate represented the undisclosed landlord.

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AcquisitionsIndustrialMidwestWisconsin

Colliers Brokers Sale of 277,982 SF Industrial Portfolio in Kenosha for $33.2M

by Kristin Harlow

KENOSHA, WIS. — Colliers Wisconsin has brokered the sale of a portfolio of eight light industrial buildings totaling 277,982 square feet in Kenosha for $33.2 million. The properties, constructed in phases between 1995 and 2007, are situated within the Business Park of Kenosha. The portfolio was 97 percent leased by 43 tenants at the time of sale. Some of the tenants include Sherwin-Williams, Fastenal, First Supply and Viking Electric. Tom Shepherd and Jennifer Huber-Bullock of Colliers represented the seller, an affiliate of Zilber Ltd. An Elmhurst, Ill.-based private buyer purchased the portfolio.

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AcquisitionsIndianaMidwestRetail

JLL Arranges $14.6M Sale of Retail Center in Muncie, Indiana

by Kristin Harlow

MUNCIE, IND. — JLL Capital Markets has arranged the sale of Muncie Marketplace in Muncie for $14.6 million. Built in 2014, the 77,871-square-foot retail center is fully leased to seven national tenants, including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop. Amy Sands, Clinton Mitchell, Michael Nieder and Tim Murray of JLL represented the seller, AlbaneseCormier Holdings LLC. War Chest Real Estate LLC was the buyer.

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IllinoisIndustrialLeasing ActivityMidwest

Bulldog Cartage Signs 78,161 SF Industrial Lease in Itasca, Illinois

by Kristin Harlow

ITASCA, ILL. — Bulldog Cartage, a storage, staging and shipping company, has signed a 78,161-square-foot industrial lease at 1549 Glenlake Ave. in Itasca. Mike Antonelli and Dan Brown of Brown Commercial Group represented the tenant. John D’Orazio and Jonathan Kohn of Colliers represented the undisclosed landlord. Earlier this year, Brown Commercial Group negotiated a 37,819-square-foot lease for Bulldog Cartage in Addison, Ill.

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LoansMidwestMultifamilyNebraska

Grandbridge Arranges $6.9M Loan for Refinancing of Nebraska Multifamily Property

by Kristin Harlow

FREMONT, NEB. — Grandbridge Real Estate Capital has arranged a $6.9 million loan for the refinancing of a 72-unit multifamily property in Fremont, about 40 miles northwest of Omaha. Brett Olson and Jeff Witt of Grandbridge arranged the permanent, fixed-rate loan. The borrower and lender were not disclosed.

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