Property Type

Värde Partners Provides $125M Loan for Refinancing of Brooklyn Industrial Building

by Taylor Williams October 20, 2025

NEW YORK CITY — Värde Partners, a Minneapolis-based lender, has provided a $125 million loan for the refinancing of an industrial building in Brooklyn. According to LoopNet Inc. the building at 630 Flushing Ave., which sits on a 7.8-acre, three-parcel site, totals roughly 575,000 square feet. The building was originally constructed in 1849 as the headquarters of Pfizer and was 88 percent leased at the time of the loan closing. Jason Gaccione and Jake Salkovitz of CBRE arranged the three-year, floating-rate loan on behalf of the owner, an affiliate of Acumen Capital Partners LLC.

October 20, 2025

Loans Massachusetts Multifamily Northeast

MMCC Arranges $5M Bridge Loan for Metro Boston Apartment Building

by Taylor Williams October 20, 2025

METHUEN, MASS. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $5 million bridge loan for the acquisition of a 30-unit apartment building in Methuen, a northern suburb of Boston. The newly renovated building at 11 Ashton Place houses studio, one- and two-bedroom units. The nonrecourse loan carries a five-year term, a 70 percent loan-to-value ratio, a sub-6 percent interest rate and a 30-year amortization schedule. Robert Bhat of MMCC arranged the loan. The direct lender was not disclosed. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the $7.1 million sale.

October 20, 2025

Acquisitions Multifamily New Jersey Northeast

CBRE Negotiates $2.9M Sale of Northern New Jersey Apartment Building

by Taylor Williams October 20, 2025

WEST NEW YORK, N.J. — CBRE has negotiated the $2.9 million sale of a 12-unit apartment building located in the Northern New Jersey community of West New York. The two-story building at 440 60th St. features two floors of commercial space and three floors that house two-bedroom units. Fahri Ozturk, Richard Gatto, Tracy Trank and Zach McHale of CBRE represented the seller in the transaction. CBRE also procured the buyer. Both parties requested anonymity.

October 20, 2025

Industrial Leasing Activity Massachusetts Northeast

U.S. Lumber Signs 96,000 SF Industrial Lease in Mansfield, Massachusetts

by Taylor Williams October 20, 2025

MANSFIELD, MASS. — U.S. Lumber has signed a 96,000-square-foot industrial lease in Mansfield, located south of Boston. The space is located within Francis Logistics Center, a 352,340-square-foot, rail-served development that includes 10 acres of industrial outdoor storage space. Ned Halloran and Leeanne Rizzo of regional brokerage firm Hunneman represented the landlord, Boston-based Oliver Street Capital, in the lease negotiations. Information on the tenant representative was not disclosed.

October 20, 2025

Leasing Activity Massachusetts Northeast Retail

The Picklr Opens 36,192 SF Sports Entertainment Venue in Danvers, Massachusetts

by Taylor Williams October 20, 2025

DANVERS, MASS. — The Picklr, an entertainment concept centered on pickleball, has opened a 36,192-square-foot venue in Danvers, a northern suburb of Boston. The space is located within a former Bed Bath & Beyond store at Endicott Square, a 56,275-square-foot shopping center that is also home to tenants such as Quest Diagnostics, Salem Five and Advance Auto Parts. Don Mace of local brokerage firm KeyPoint Partners represented the undisclosed landlord in the lease negotiations.

October 20, 2025

Colorado Industrial Loans Western

JLL Secures $99.3M Refinancing for 25 North Industrial Complex in Metro Denver

by Amy Works October 20, 2025

THORNTON, COLO. — JLL Capital Markets has secured $99.3 million in refinancing for 25 North, a Class A industrial complex in Thornton. Eric Tupler, John Rose and Emily Goldsberry of JLL worked on behalf of Sagard Real Estate, a subsidiary of the global alternative asset management platform Sagard, to secure a loan through a debt fund. Situated on 66.3 acres, the 936,775-square-foot industrial asset consists of nine buildings constructed between 2020 and 2024. The property features clear heights ranging from 28 feet to 32 feet, 205 dock-high doors, 34 drive-in doors and 1,770 parking spaces. The development offers flexible configurations with suite sizes ranging from 14,262 square feet to 135,000 square feet. The properties offer accommodations for both single and multi-tenant operations for warehouse, distribution and showroom uses.

October 20, 2025

Acquisitions Arizona Development Industrial Western

Conor Commercial, Globe Corp. Plan Four-Building Industrial Project in Phoenix

by Amy Works October 20, 2025

PHOENIX — Conor Commercial Real Estate, along with Globe Corp. as capital partner, has won the auction for a 40-acre parcel of land at East Deer Valley Drive and North 7th Street in Phoenix. Conor won the land site with a $24.7 million bid. The company plans to develop a 453,708-square-foot industrial project with four buildings ranging from 88,512 square feet to 167,040 square feet. The buildings will be designed for light distribution, assembly or advanced manufacturing with 32- to 36-foot clear heights, a minimum of 3,000-amp electrical service for each building, oversized drive-in doors and abundant employee parking. Construction is slated to begin in early second-quarter 2026 with completion planned for late in the second quarter of 2027. McShane Construction Co. and Ware Malcomb will provide design-build services and Kimley-Horn will provide civil engineering services for the project.

October 20, 2025

Arizona Development Healthcare Western

Irgens Breaks Ground on Two-Phase Cielo Vista Medical Commons in Peoria, Arizona

by Amy Works October 20, 2025

PEORIA, ARIZ. — Irgens has broken ground on Cielo Vista Medical Commons, a two-phased medical office building development at 26425 N. Lake Pleasant Parkway in Peoria. The project will deliver up to 80,000 square feet of rentable space across two buildings on 6.6 acres. Sheila Bale and Erika Eckblad of Cushman & Wakefield are marketing the property for lease. Phase I will include the Lake Building, a single-story, 30,178-square-foot, multi-tenant medical office building with adjacent parking and site infrastructure. Completion is slated for June 2026. Phase II will feature the Summit Building, a two-story, 50,000-square-foot multi-tenant office building equipped with a gurney-sized elevator and additional parking. Delivered in shell condition, both buildings will feature brick masonry facades, flexible floor plates and state-of-the-art HVAC systems.

October 20, 2025

Acquisitions Multifamily Nevada Western

Northcap Commercial Arranges Sale of 164-Unit Woodridge Villas Apartments in Las Vegas

by Amy Works October 20, 2025

LAS VEGAS — Northcap Commercial has brokered the sale of Woodridge Villas Apartments at 1591 Chartered Circle in Las Vegas. The asset traded for $17.7 million, or $108,232 per unit. Built in 1988, the property offers 164 apartments. Robin Willett, Devin Lee and Jerad Roberts of Northcap Commercial represented the seller and procured the buyer in the deal.

October 20, 2025

Acquisitions Arizona Office Western

Bell Bank Acquires 37,495 SF Office Property in Scottsdale, Arizona

by Amy Works October 20, 2025

SCOTTSDALE, ARIZ. — Bell Bank has purchased a 37,495-square-foot office building at 14631 N. Scottsdale Road in Scottsdale. A private seller sold the asset for $10.3 million. Situated on 112,000 square feet of land, the property is currently 84.5 percent leased. Bell Bank intends to occupy the building and expand its footprint over time as space becomes available. Geoffrey Turbow of CBRE, in collaboration with Shay Bolton and Kirill Azovtsev of Savills, represented the seller in the deal.

October 20, 2025

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