ASHWAUBENON, WIS. — Marcus & Millichap Capital Corp. (MMCC) has arranged $18 million in financing for The Common Place, an 88-unit multifamily property located at 686 Mike McCarthy Way in Ashwaubenon, a suburb of Green Bay. The property is located in the city’s Sports & Entertainment District, blocks away from Lambeau Field and Titletown. Odyssey Climbing & Fitness occupies the first floor of the building. Units range from studios to two-bedroom floor plans, and amenities include a courtyard and bike storage. Robert Bhat of MMCC arranged the five-year, nonrecourse CMBS loan with a national bank. The loan features a 70 percent loan-to-value ratio, 6.45 percent interest rate and interest-only payments for the full term.
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COLLEGE STATION, TEXAS — Walker & Dunlop has brokered the sale of The Woodlands of College Station, a 769-bed student housing property located near the Texas A&M University campus in College Station. Completed in 2006, the community offers 276 units and amenities such as a pool, fitness center, basketball and volleyball courts, study lounges and shuttle service to campus. Chris Epp, Matthew Chase, Craig Miller, Holden Penn, Ben Sarna, Sarah Foronda, Naomi Bludworth, Will Baker, William Shell, Jonathan Schwartz, Michael Ianno, Sean Reimer, Mike Shropshire and Doug McDaniel of Walker & Dunlop represented the seller, Interwest Capital, in the transaction. Walker & Dunlop also arranged an undisclosed amount of acquisition financing on behalf of the undisclosed buyer.
ELKHART, IND. — Graycor has completed a 171,000-square-foot distribution center for Amazon at 2675 Aeroplex Drive in Elkhart. The facility, dubbed DII5, will be Amazon’s first owner-occupied mass timber delivery station, with the project seeking Zero Carbon Certification from the Living Future. The 39-acre project features mass timber construction as opposed to traditional concrete and structural steel. ZGF was responsible for the building design, and Atlantic AE served as the architect of record throughout construction. More than 200 Amazon and contract employees will work at the facility handling local fulfillment.
BELVIDERE, ILL. — Lee & Associates of Illinois has negotiated the sale of a 131,811-square-foot industrial building in the Chicago suburb of Belvidere. The property is located on 27.8 acres at 2964 Newburg Road. Jeff Galante of Lee & Associates represented the buyer, NexGen Manufacturing. Al Caruana of Cushman & Wakefield the seller, an entity doing business as 2964 Newburg Road LLC. The transaction marks the largest user sale in the Rockford submarket in the third quarter, according to Lee & Associates.
AURORA, ILL. — SVN Chicago Commercial’s Next Level Team, in collaboration with Capital Real Estate Partners, have brokered the sale of a 53,818-square-foot office building in Aurora. The property at 711 N. Commons Drive was sold vacant. Jennifer Hopkins and Olivia Czyzynski of SVN Chicago Commercial and Jay Scholten and Scott Fedyski of Capital Real Estate represented the seller, Liberty Commons NFP. Adam Johnson of NAI Hiffman represented the buyer. The asset garnered five qualified offers and went under contract within three months of hitting the market.
WACO, TEXAS — Concord Summit Capital, a South Florida-based financial intermediary, has arranged a $34 million bridge loan for Zoe Apartments, a 214-unit multifamily complex in Waco. Completed in 2024, Zoe Apartments consists of six three-story residential buildings on a 10.3-acre site. Units come in one- and two-bedroom floor plans, and amenities include a pool, clubhouse, outdoor grilling and dining areas, two pickleball courts and a dog park. David Larson and Keegan Burger of Concord Summit arranged the loan on behalf of the owner, Utah-based Surge Investment Group.
CHICAGO — Blueprint HCRE, a Chicago-based seniors housing brokerage firm, has negotiated the sale of a portfolio of five skilled nursing facilities totaling 469 beds in Texas. The names and locations of the properties were not disclosed. The portfolio was 71 percent occupied at the time of sale. A skilled nursing owner and operator acquired the portfolio for an undisclosed price. Amy Sitzman and Giancarlo Riso of Blueprint arranged the sale on behalf of the seller, which also requested anonymity.
DALLAS — New York City-based development and investment firm GTIS Partners will develop Remington 30, a 442,000-square-foot industrial project that will be situated near DFW International Airport. Building features will include a cross-dock configuration, 36-foot clear heights, 82 dock doors, four drive-in doors, 3,000 square feet of speculative office space, an ESFR sprinkler system and parking for 196 cars and 112 trailers. Construction is scheduled to begin in the fourth quarter and to last about a year.
FORT WORTH, TEXAS — A partnership between Columbia Residential and Renaissance Heights Foundation has broken ground on Columbia Renaissance Square III, a 100-unit affordable seniors housing project in southeast Fort Worth. The project represents the third and final phase of a larger mixed-income development. A portion of those residences will be reserved for renters earning between 30 and 80 percent of the area median income, and 16 units will be set aside as permanent supportive housing. Phase I of Columbia Renaissance Square totaled 140 units, and Phase II featured 120 age-restricted units.
PHILADELPHIA — Affinius Capital has provided a $170 million construction loan for a 431-unit multifamily project that will be located in Philadelphia’s Northern Liberties neighborhood. The project represents Phase II of a larger development known as Piazza Alta and will consist of two buildings that will rise eight and 16 stories. Units will come in studio, one-, two- and three-bedroom floor plans and will be furnished with stainless steel appliances and individual washers and dryers. Amenities will include a rooftop lap and lounge pool, grilling stations, fire pits, a fitness center with a yoga studio and coworking spaces. Russell Schildkraut of Ackman-Ziff arranged the loan on behalf of the borrower, locally based developer Post Brothers.