Monday, September 14, 2026
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DevelopmentIndustrialSoutheastVirginia

IRG to Build 227,000 SF Build-to-Suit Logistics Facility Near Port of Virginia in Suffolk

by John Nelson

SUFFOLK, VA. — National industrial real estate development firm Industrial Realty Group LLC (IRG) plans to break ground on a 227,000-square-foot distribution facility in Suffolk near the Port of Virginia. Upon completion, the project will be fully leased to RoadOne IntermodaLogistics, a national intermodal, distribution and logistics services company that will use the facility for transload purposes. The firm operates nearly 100 facilities in the United States and Canada, and the Suffolk facility will be RoadOne’s fourth new transload facility and the second one in Virginia that it has added in the past 18 months. The facility is also RoadOne’s third build-to-suit project near the Port of Virginia. Charles Dickinson of Harvey Lindsay Commercial Real Estate represented both IRG and RoadOne in the lease negotiations. The Los Angeles-based developer expects to complete the project in the third quarter of 2023.

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AcquisitionsAffordable HousingMultifamilyNorth CarolinaSoutheast

Marcus & Millichap Brokers $21.5M Sale of Affordable Housing Community in Raleigh

by John Nelson

RALEIGH, N.C. — Marcus & Millichap has brokered the $21.5 million sale of The Oaks at Brier Creek, a 144-unit affordable housing community in Raleigh’s Brier Creek neighborhood. The LIHTC property was developed in 2005 and features one-, two- and three-bedroom apartments that range in size from 715 to 1,170 square feet. Amenities include a swimming pool, fitness center and onsite property management. Drew Babcock of Marcus & Millichap represented the Raleigh-based seller, an entity doing business as The Oaks at Brier Creek LLC, and procured the Connecticut-based buyer, New England Investment Partners. Ben Yelm, Marcus & Millichap’s broker of record in North Carolina, assisted in the transaction.

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DevelopmentIllinoisMidwestMultifamilySeniors Housing

Skender Completes Redevelopment of Former Central Baptist Home in Maywood, Illinois

by Kristin Harlow

MAYWOOD, ILL. — Skender has completed the redevelopment of the former Central Baptist Home, which has been listed on the National Register of Historic Places since 2017. Located in Maywood, a suburb of Chicago, the property is now home to a 100-unit assisted living facility for low-income seniors. The original building was constructed in several phases between 1929 and 1965. Skender’s restoration process included refurbishing the wood trim, stucco and brick facades, installing new windows, revamping the first-floor lobby, replacing the roof, restoring the commercial kitchen and dining area, and converting 100 rooms into supportive living units. Amenities now include a beauty salon, wellness clinic, laundry room, general store and recreation area. Celadon Partners was the developer and Gleason Architects was the architect. Financing came from NDC Corporate Equity Fund, KeyBank, US Bank and the Illinois Housing Development Authority.

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AcquisitionsIowaMidwestRetail

Colliers Brokers Sale of 237,594 SF Shopping Center in Iowa City

by Kristin Harlow

IOWA CITY, IOWA — Colliers has brokered the sale of Iowa City Marketplace in Iowa City for an undisclosed price. The 237,594-square-foot shopping center is located along State Route 6 between Sycamore Street and Lower Muscatine Road. The property is 66 percent leased to 24 tenants such as Dollar Tree, Planet Fitness, Jo-Ann Stores, Marcus Theatres, Sally Beauty, Great Clips, McDonald’s and Panera Bread. El Warner, Charley Simpson and Jeffrey Wyatt of Colliers represented the seller, Core Pacific Advisors. Buyer information was not provided.

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AcquisitionsIllinoisMidwestMultifamily

Kiser Group Arranges $10M Sale of Multifamily Portfolio in Chicago

by Kristin Harlow

CHICAGO — Kiser Group has arranged the $10 million sale of the South Shore Portfolio in Chicago. The 101-unit multifamily portfolio comprises the following properties: 7419 S. Colfax Ave., 6700 S. Chappel Ave. and 2445 E. 72nd St. Noah Birk and Aaron Sklar of Kiser brokered the transaction. New York-based Strahl Capital was the buyer. The sellers were undisclosed.

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Leasing ActivityMidwestMissouriOffice

CBRE Signs 13,611 SF Office Lease at The Plaza in Clayton, Missouri

by Kristin Harlow

CLAYTON, MO. — CBRE has signed a 13,611-square-foot office lease at The Plaza in the St. Louis suburb of Clayton. The firm has occupied space on the 14th floor of The Plaza since 2012 and will now move to the sixth floor in the first quarter of 2024. The new office is part of CBRE’s Workplace360 program. The new workplace will showcase CBRE’s “Future of Work” space standards, including new technologies and a variety of collaborative spaces designed to support hybrid working. The sixth floor provides access to the renovated outdoor terrace. Building owner Franklin Partners plans to add new amenities such as a clubroom, conference center, game room, fitness center, reception area and rooftop deck. CBRE launched its Workplace360 program in 2012 and has since opened more than 100 Workplace360 offices across the globe. CBRE Design Collective will manage the workplace design. Emily Levinson of CBRE’s Americas Consulting practice is leading workplace strategy.

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AcquisitionsIndianaIndustrialMidwestSelf-Storage

Marcus & Millichap Negotiates Sale of 574-Unit Self-Storage Facility in Lafayette, Indiana

by Kristin Harlow

LAFAYETTE, IND. — Marcus & Millichap has negotiated the sale of Brady Lane Self Storage in Lafayette, about 60 miles northwest of Indianapolis. The sales price was undisclosed. Located at 1909 Brady Lane, the 62,240-square-foot self-storage facility comprises 574 units across eight buildings. Jeffrey Herrmann and Sean Delaney of Marcus & Millichap represented the seller, a California-based limited liability company. The duo also secured and represented the buyer, a Minnesota-based limited liability company.

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AcquisitionsMultifamilyTexas

Berkadia Negotiates Sale of 392-Unit Bend at Oak Forest Apartments in Houston

by Taylor Williams

HOUSTON — Berkadia has negotiated the sale of Bend at Oak Forest, a 392-unit apartment community in Houston’s Spring Branch neighborhood. Bend at Oak Forest features one-, two- and three-bedroom units ranging in size from 480 to 1,210 square feet. Amenities include a pool, fitness center, outdoor grilling and dining stations, playground, coffee bar and a pet park. A partnership between Houston-based Goldcor Capital Partners and Maryland-based Excelsa sold the property to locally based investment firm Kastle Assets for an undisclosed price. Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney of Berkadia brokered the deal.

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AcquisitionsMultifamilyNorthmarqTexas

Northmarq Arranges Sale of 200-Unit Finley Apartments in Tyler, Texas

by Taylor Williams

TYLER, TEXAS — Northmarq has arranged the sale of Finley Apartments, a 200-unit multifamily property in Tyler, about 100 miles east of Dallas, that was built in 1977. According to Apartments.com, the property offers one- and two-bedroom units ranging in size from 620 to 1,016 square feet. Amenities include a pool, clubhouse, fitness center, tennis court, package handling service, outdoor grilling and dining areas and onsite laundry facilities. Taylor Snoddy, Philip Wiegand, Eric Stockley and Charles Hubbard of Northmarq represented the undisclosed seller in the transaction. Fritz Waldvogel of Colliers Mortgage originated the 10-year loan on behalf of the buyer.

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DevelopmentRetailTexas

Bass Pro Shops to Open 100,000 SF Store in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Outdoor apparel and equipment retailer Bass Pro Shops will open a 100,000-square-foot store in Grand Prairie, located in the central part of the Dallas-Fort Worth (DFW) metroplex. The standalone store, which will be the retailer’s fifth location in the region and 15th in Texas, will be constructed from the ground up and will feature a unique custom design. The opening is slated for spring 2024. TA Land Fund, a joint venture between the Dallas-based office of Trez Capital and Charlie Anderson, owns the land on which the store will be built.

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