HENDERSON, NEV. — Pecos Beltway Holdings LLC has completed the sale of two single-story office buildings within Pecos 215 Plaza in Henderson. A private buyer acquired the multi-tenant property for $5.9 million. Located at 8905 and 8935 S. Pecos Road, the asset offers 21,908 square feet of office space. Michael Hsu of CBRE represented the seller in the transaction.
CHICAGO — Walker & Dunlop Inc. has arranged a $92 million loan for the refinancing of the Hiltons at McCormick Place, a tri-branded hotel connected to the McCormick Place Convention Center in Chicago. The 23-story, 466-room property is the first and only tri-branded Hilton select-service hotel in the United States, combining Hilton Garden Inn, Hampton Inn and Home2 Suites offerings. The concept unites two of Hilton’s upscale select-service brands with an extended-stay concept. Guests have access to two hotel-operated food and beverage outlets, three ground-floor food and beverage offerings, an indoor pool, fitness center and attached skybridge. Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Jordan Casella and Cole Grims of Walker & Dunlop arranged the loan on behalf of McHugh Enterprises Inc. and First Investors LLC. Access Point Financial Inc. provided the floating-rate loan, which features interest-only payments.
KENOSHA, WIS. — McShane Construction Co. has completed a build-to-suit manufacturing and distribution facility for Schuetz Container Systems in Kenosha. The manufacturer of industrial packaging is part of Germany-based Schütz Group. McShane provided design-build services for the 372,000-square-foot building, which offers a clear height of 40 feet, 48 truck docks, four drive-in doors, 245 trailer parking spaces and six 4,000-amp power services. The project also includes a two-story, 14,000-square-foot office, mezzanines throughout the manufacturing areas and four interior cranes to assist with equipment installation and moving materials. McShane also completed a railroad extension, bringing three rail lines to the site. Harris Architects served as the architect.
APPLE VALLEY, MINN. — Trident Development is scheduled to break ground on Orchard Place Apartments, a 135-unit development in the Twin Cities suburb of Apple Valley, on Wednesday, Oct. 29. The four-story building will feature studio, one-, two- and three-bedroom options. Preleasing is set to begin in fall 2026 with units ready for occupancy by late 2026. Amenities will include a 24-hour fitness center and yoga studio, sport court, business center, rooftop patio, sky lounge, central courtyard, dog park, children’s play area and walking paths. Project partners include Lyon Contracting Inc., Cole Group Architects, Village Green and Orchard Place Partners LLC.
LENEXA, KAN. — Gordon Brothers has acquired the former Heartland Coca-Cola production facility in Lenexa. Heartland Coca-Cola has expanded its operations to a larger facility, and the production assets and property in Lenexa were no longer required. Gordon Brothers plans to decommission and sell the existing bottling equipment with the firm’s auction partner, New Mill Capital, followed by capital improvements to enhance the property’s marketability for future sale or lease. The machinery and equipment auction begins closing Wednesday, Nov. 12. The property includes a 186,073-square-foot building situated on nearly 9 acres with a clear height of 18 feet, 22 dock-high doors, two drive-in doors and 11,000 amps via three electrical services. Gordon Brothers has retained Kessinger Hunter to provide construction management, property management and brokerage services to re-tenant or sell the building. The building will hit the market in the coming months. The Kessinger Hunter team includes Kurt Jensen, Stewart Jensen and Dan Jensen.
SOUTH ELGIN, ILL. — Krusinski Construction Co. (KCC) has delivered a 14,446-square-foot daycare center for BrightPath Early Learning and Child Care in South Elgin. The project involved the transformation of the first floor of the Medical and Legal Arts Building and marked KCC’s first for BrightPath, part of Busy Bees North America, which operates more than 240 centers across the U.S. and Canada.
STAFFORD, TEXAS — Mester Lighting Corp. has signed a 37,090-square-foot industrial lease expansion in Stafford, a southwestern suburb of Houston. According to LoopNet Inc., the building at 10643 W. Airport Blvd. totals 62,050 square feet. Garret Geaccone and Jon Farris of Stream Realty Partners represented the landlord, Ares Management Corp., in the lease negotiations. David Buescher of JLL represented the tenant.
DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 24,626-square-foot office lease renewal in North Dallas. The tenant is marketing and financial services provider Aperia. The space is located within The Belvedere, a 141,180-square-foot building. John Dickenson and Paul Hernandez of Holt Lunsford represented the landlord, an entity doing business as InPoint Addison Belvedere, in the lease negotiations.
WILMINGTON, DEL. — Regional developer Buccini Pollin Group has begun work on a $110 million multifamily redevelopment project in Wilmington. The project represents Phase III of The Standard, a 363-unit apartment complex that is an adaptive reuse of the former office building of chemical company DuPont. The Standard is located within the Market West mixed-use development and offers studio, one-, two- and three-bedroom units that are furnished with quartz countertops and backsplashes, stainless steel appliances and in-unit washers and dryers. Amenities include a rooftop deck, dog washing station and package handling system. Phase I of The Standard is fully occupied, and Phase II is in lease-up. Apollo Global Management is the senior lender on Phase III, which is slated for a late summer 2026 completion, and Chicago-based Pearlmark is the mezzanine lender.
NEW YORK CITY — A partnership between Slate Property Group and Avenue Realty Capital has acquired 81 Franklin, an 11-unit apartment building in Manhattan’s Tribeca neighborhood, for $30 million. The six-story, 32,70-square-foot building, which was originally constructed as an office building and converted to residential use in 2013, houses loft-style residences that come in one-, two-, three- and four-bedroom layouts. Guthrie Garvin of JLL represented the undisclosed seller in the transaction. The partnership was represented in-house. White Oak Real Estate Capital provided acquisition financing for the deal.
