Saturday, February 7, 2026
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Carmel Church Business Center
IndustrialLeasing ActivitySoutheastVirginia

Lingerfelt, Davis Sign M.C. Dean to 152,491 SF Industrial Lease Near Richmond

by Abby Cox

RUTHER GLEN, VA. — Lingerfelt and The Davis Cos. have signed a 152,491-square-foot lease with design-build and systems integration firm M.C. Dean at Carmel Church Business Center in Ruther Glen, roughly 30 miles north of Richmond. The new lease will allow M.C. Dean to expand its production capacity, shifting more space away from onsite storage to meet the growing demand for its mission-critical products. Modular Mission Critical, M.C. Dean’s 585-acre manufacturing campus one mile northeast of Carmel Church Business Center, will serve as the hub for customizable, tested and secure modular products. Jake Servinsky and Jimmy Appich of JLL represented M.C. Dean. Graham Stoneburner and Mark Douglas of Cushman & Wakefield | Thalhimer represented ownership in the lease negotiations. Caramel Church Business Center, a 325,500-square-foot warehouse, was completed in 2024 through a joint venture between Lingerfelt and Boston-based Davis. ARCO Design/Build developed the facility.

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DevelopmentIndustrialLoansNew JerseyNortheast

Bank Hapoalim Provides $33M Construction Loan for Central New Jersey Industrial Project

by Taylor Williams

NEW BRUNSWICK, N.J. — Israel’s Bank Hapoalim has provided a $33 million construction loan for Joyce Kilmer Logistics Center, a 195,421-square-foot industrial project that will be located in the Central New Jersey community of New Brunswick. The site is proximate to Exit 9 off the New Jersey Turnpike, and the facility will have two buildings that will feature a clear height of 36 feet and 32 loading docks. Brad Domenico, Frank Stanislaski and Jack Subers of Cushman & Wakefield arranged the loan on behalf of the borrower, a partnership between two New Jersey-based firms, Faropoint and Deugen Development.

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5416 Wyoming Ave.
AcquisitionsIndustrialNorth CarolinaSoutheast

APG Buys 80,000 SF Infill Distribution Building in Charlotte

by Abby Cox

CHARLOTTE, N.C. — Atlanta Property Group (APG) has purchased 5416 Wyoming Ave., an 80,000-square-foot infill distribution building in Charlotte. Situated in the Westinghouse industrial submarket, the facility was originally constructed in 1998 and features 18 to 21-foot clear heights, a 150-foot truck court, dock-high doors, full-building HVAC and heavy power. The facility was fully leased at the time of sale and marks APG’s second industrial acquisition in Charlotte. APG plans to invest $150 million of committed funds into existing distribution properties in the Atlanta, Charlotte, Greenville, Savannah, Nashville, Raleigh and Central Florida markets by the end of 2025.

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DevelopmentHealthcareNew JerseyNortheast

Hackensack Meridian Opens 90,000 SF Healthcare Facility in Clifton, New Jersey

by Taylor Williams

CLIFTON, N.J. — Regional healthcare provider Hackensack Meridian has opened a four-story, 90,000-square-foot facility in the Northern New Jersey community of Clifton. Designed by Gensler, Hackensack Meridian Health & Wellness Center at Clifton is located on Prism Capital Partner’s ON3 campus, which is a redevelopment of the former Hoffmann-La Roche North American headquarters campus. Specialty practices offered at the facility include primary care, urgent care, rheumatology, gastroenterology, nephrology and orthopedics.

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Leasing ActivityNew YorkNortheastOffice

Clear Street Signs 88,000 SF Office Lease Expansion in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Clear Street has signed an 88,000-square-foot office lease expansion at 4 World Trade Center in Lower Manhattan. The fintech company first took space at the 72-story, 2.3 million-square-foot building in 2021 via sublease before signing a direct lease for the entire 45th floor in 2023. This deal, which includes a 10-year extension, will see the company maintain that space and also expand to the entire 46th floor. Josh Berger of Norman Bobrow & Co. represented Clear Street in the lease negotiations. Keith Cody and Gordon Hough represented the landlord, Silverstein Properties, on an internal basis.

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4909-W-Joshua-Rd-Chandler-AZ
AcquisitionsArizonaMultifamilyWestern

Colliers Arranges $109.5M Sale of Country Brook Apartments in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — Colliers has arranged the $109.5 million sale of Country Brook Apartments, a multifamily property in Chandler. Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach of Colliers handled the sales transaction for the undisclosed seller and undisclosed buyer. Luke Donahue and Patrick O’Donnell of Colliers Mortgage coordinated acquisition financing. Located at 4909 W. Joshua Blvd., Country Brook Apartments offers 396 units, averaging 963 square feet, spread across 32 one- and two-story buildings. Community amenities include three resort-style pools, two spas, poolside ramadas, an alfresco kitchen with outdoor TVs, a 24-hour fitness center, 24/7 access package locker and covered parking.

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Paradise-Esplanade-Paradise-NV
AcquisitionsNevadaRetailWestern

JLL Negotiates $46.4M Sale of Paradise Esplanade Retail Center Near Las Vegas

by Amy Works

PARADISE, NEV. — JLL Capital Markets has arranged the $46.4 million sale of Paradise Esplanade, a 58,727-square-foot neighborhood shopping center located in Paradise, roughly 11 miles south of the Las Vegas Strip and adjacent to the University of Nevada-Las Vegas. CVS Pharmacy and Ferraro’s Italian Restaurant & Wine Bar anchor the two-building property, which was 89 percent leased at the time of sale. Daniel Tyner and Gleb Lvovich of JLL’s Investment Sales and Advisory team represented the private seller in the transaction. The buyer was a Los Angeles-based private family office.

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Charbern-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

Kidder Mathews Brokers $35.2M Sale of Three-Property Multifamily Portfolio in Seattle

by Amy Works

SEATTLE — Kidder Mathews has brokered the sale of a three-property apartment portfolio in Seattle. Los Angeles-based Vista Investment Group acquired the asset from long-time private owner John Stephanus for a total of $35.2 million. The portfolio includes: – Charbern Apartments, a 67-unit property located at 1705 Belmont Ave. that sold for $12.3 million. – Stockbridge Apartments, a 76-unit asset at 1330 Boren Ave. that sold for $11.5 million. – Carolina Court Apartments, a 72-unit community at 527 Eastlake Ave. that sold for $11.3 million. Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of Simon | Anderson Multifamily at Kidder Mathews represented the seller and procured the buyer in the deal.

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Coronado-Apts-Los-Angeles-CA
CaliforniaLoansMultifamilyWestern

PSRS Secures $10M Refinancing for Los Angeles Apartment Building

by Amy Works

LOS ANGELES — PSRS has arranged $10 million in refinancing for Coronado Apartments, a multifamily property in Los Angeles. The apartment building offers 33 studio, one- and two-bedroom units, underground parking and a rooftop deck. Jonny Soleimani and George Gianoukakis of PSRS secured a five-year, full-term interest-only loan through a bank execution.

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LoansMixed-UseNew YorkNortheast

ERG Commercial Arranges $3M Loan for Refinancing of Lower Manhattan Mixed-Use Building

by Taylor Williams

NEW YORK CITY — Locally based financial intermediary ERG Commercial Real Estate has arranged a $3 million loan for the refinancing of a mixed-use building in Lower Manhattan. The 5,443-square-foot building is located at 79 Avenue A in the Alphabet City neighborhood and houses six apartments and two commercial spaces, both of which were occupied at the time of the loan closing. The names of the borrower and direct lender were not disclosed.

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