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DevelopmentIndianaMidwestMultifamilyStudent Housing

Subtext Opens 449-Bed Student Housing Community at Purdue University

by Kristin Harlow

WEST LAFAYETTE, IND. — Subtext has opened EVER West Lafayette, a six-story, 449-bed student housing community located steps from Purdue University. The project at 147 W. Wood St. marks Subtext’s second development in West Lafayette and the first to launch under its new EVER brand. The 245,649-square-foot development includes 143 units ranging from studio to four-bedroom layouts, including three- and four-bedroom townhomes. Amenities include a resort-style courtyard with a pool, hot tub and jumbotron, along with a fitness center, yoga studio, coffee bar, open study lounges, outdoor kitchen, pet spa and bike storage. Subtext developed the project in partnership with Kayne Anderson Real Estate. First Mid Bank & Trust provided financing. ESG Architecture & Design served as architect and interior designer, and Brinkmann Constructors was the general contractor.

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M2 at Millenia
AcquisitionsFloridaMultifamilySoutheast

JLL Brokers Sale of 403-Unit M2 at Millenia Apartments in Orlando

by Abby Cox

ORLANDO, FLA. — JLL Capital Markets has brokered the sale of M2 at Millenia, a 403-unit mid-rise, multifamily apartment complex in Orlando, which is adjacent to The Mall at Millenia. Ted Taylor and Kyle Butler of JLL’s Investment Sales and Advisory team represented the sellers, JSB Capital Group and BLD Group. The buyer, Independence Realty Trust, purchased the property for an undisclosed price. Built in 2019, M2 at Millenia is a five-story property offering a mix of one-, two- and three-bedroom floorplans ranging in size from 714 square feet to 2,214 square feet, according to Apartments.com. Amenities include a resort-style swimming pool, 24-hour fitness center, yoga studio, entertainment lounge with a kitchen and bar, outdoor grilling areas and 4,216 square feet of ground-floor retail space.

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Leasing ActivityMidwestOfficeOhio

Jones Day Signs 382,019 SF Office Lease Renewal at North Point Tower in Cleveland

by Kristin Harlow

CLEVELAND — Jones Day, a 130-year-old global law firm headquartered in Cleveland, has signed a 382,019-square-foot office lease renewal at North Point Tower in Cleveland. Jared Friedman and David Gimple of Friedman Real Estate negotiated the 10-year lease, which includes 30,622 square feet in the 1001 Building and 351,397 square feet encompassing the entire 901 Building. Friedman represented the landlord and also provides property management services for the two-building complex.

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Affordable HousingDevelopmentIllinoisMidwestMultifamily

Lamar Johnson Collaborative Designs All-Electric Affordable Housing Development in Chicago

by Kristin Harlow

CHICAGO — Lamar Johnson Collaborative (LJC) has designed Humboldt Park Passive Living, a four-story, all-electric building at 750 N. Avers Ave. in Chicago’s West Humboldt Park neighborhood. Developed by 548 Capital, the project will bring 60 affordable housing units and 7,700 square feet of ground-floor retail space to the community, including space planned for a grocery store and café. It is expected to become the largest affordable housing building in Chicago constructed to meet Passive House standards, a performance-driven framework for reducing energy use while improving indoor air quality, according to LJC. The building will feature a ground-level community space, partially covered outdoor plaza and upper-floor terraces that double as communal gathering areas and rainwater collection zones. Apartments will include studio, one-, two- and three-bedroom layouts with 13 units reserved for residents with disabilities. Completion is slated for 2026.

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DevelopmentMidwestOfficeWisconsin

Greiner Construction Breaks Ground on 10,000 SF Lumber Exchange Coworking Space in Hayward, Wisconsin

by Kristin Harlow

HAYWARD, WIS. — Greiner Construction has broken ground on The Lumber Exchange, a 10,000-square-foot coworking and gathering space at the corner of Main Street and Highway 63 in Hayward, a city in northwest Wisconsin. Designed to support local workers, entrepreneurs, creatives, nonprofits and community leaders in the area, the project replaces a commercial space that had been vacant for 15 years. The project site once hosted some of Hayward’s earliest landmarks, including the Pion Hotel, Giblin Hotel, Walker Hotel and the Hayward Building. The Lumber Exchange is expected to open in summer 2026. The Chequamegon Area Mountain Bike Association and the Sawyer County/Lac Courte Oreilles Economic Development Corp. have committed to long-term leases of office space within the building. The project will include flexible work areas, private offices, phone booths, conference rooms, event space, a coffee bar and second-level deck overlooking Main Street. The building will also host community programming, workshops and gatherings. The Lumber Exchange is the first commercial development for Carson Kipfer, whose background includes building companies in the technology arena for both the sports and insurance industries. Additional project team members include Cuningham and Spider Lake Trading.

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INC @ 2401
AcquisitionsNorth CarolinaOfficeSoutheast

CBRE Negotiates Sale of INQ @ 2401 Office Building in Charlotte

by Abby Cox

CHARLOTTE, N.C — CBRE has negotiated the sale of INQ @ 2401, a 162,372-square-foot office building located in the Crown Point neighborhood of Charlotte. Patrick Gildea, Matt Smith, Joe Franco and Stephanie Spivey of CBRE represented the sellers, DRA Advisors and Mainstreet Capital, in the transaction. Messer Financial, a long-term tenant that brought the property to full occupancy, was the buyer. The sales price was not released. Originally constructed in 1989 and renovated in 2016 with nearly a $6 million investment, the single-story building can now accommodate larger, back-office users and features 25-foot vaulted ceilings and direct tenant access.

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AcquisitionsFloridaRetailSoutheast

SRS Real Estate Arranges $5.6M Sale of Beachwalk Shoppes in Metro Jacksonville 

by Abby Cox

ST. JOHNS, FLA. — SRS Real Estate Partners has arranged the $5.6 million sale of Beachwalk Shoppes, an 8,200-square-foot retail strip center located in St. Johns, a suburb of Jacksonville. The newly constructed retail center is part of the larger 1,200-acre mixed-use Beachwalk project currently under development. The property was fully leased at the time of sale to five tenants: Bagels R Us, Goin’ Postal, Fancy Sushi, Deca Dental and Playa Bowls. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a national development and investment firm, in the transaction. The buyer was an Atlanta-based private investor. Both parties requested anonymity.

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AcquisitionsIndustrialOfficeTexas

Oxford Partners Arranges Sale of 18,000 SF Industrial Flex Building in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Locally based brokerage firm Oxford Partners has arranged the sale of an 18,000-square-foot industrial flex building in Spring, a northern suburb of Houston. According to LoopNet Inc., the single-tenant building at 1271 Rayford Bend Road was constructed on 2.5 acres in 2013. Nathan Buckhoff and Matt Rogers of Oxford Partners represented the seller, Texas Properties Ltd., in the transaction. Kevin Caywood of Stream Realty Partners represented the undisclosed buyer.

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Dunwoody Village
AcquisitionsGeorgiaLoansRetailSoutheast

MMCC Secures $4M Acquisition Financing for Dunwoody Village Retail Center in Metro Atlanta

by Abby Cox

DUNWOODY, GA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $4 million in acquisition financing for Dunwoody Village, a 15,382-square-foot retail center located at 1610-1614 Mount Vernon Road in Dunwoody, a suburb of Atlanta. David Johnson of MMCC’s Atlanta office secured the loan with a national bank on behalf of a private client. The five-year loan includes a 6.41 percent interest rate with a 30-year amortization schedule. Shadow-anchored by The Fresh Market and Walgreens, Dunwoody Village features a mix of tenants including CVS Pharmacy, Chipotle Mexican Grill and a pet store.

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Leasing ActivityOfficeTexas

Lakeview Loan Servicing Signs 9,684 SF Office Lease in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — Florida-based Lakeview Loan Servicing has signed a 9,684-square-foot office lease in Flower Mound, located north of Fort Worth. The space is located within the 138,500-square-foot Lakeside International Office Center. Daryl Mullin and Lauren Halstedt of JLL represented the landlord, Realty Capital Management, in lease negotiations. Independent broker Amber Linville Gibson represented the tenant.

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