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prospect-highland-oaks
DevelopmentFloridaMultifamilySoutheast

Brook Farm Group, Carter to Develop 324-Unit Apartment Community in Tampa

by Abby Cox

TAMPA, FLA. — Atlanta-based development firms Brook Farm Group and Carter will co-develop Prospect Highland Oaks, a new 324-unit, garden-style apartment community located at 4502 N. Falkenburg Road in Tampa. The development will span four buildings and will include a detached clubhouse, resort-style saltwater swimming pool with lounge seating, coworking spaces, 24-hour fitness center, dog park and outdoor grilling and seating areas. The project team includes Mill Green Capital and Fundrise (equity partners), Ameris Bank (construction lender), general contractor Oxford Properties and project architect Preston Partnership. A timeline for construction was not disclosed.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers Two Multifamily Sales in Metro Chicago Totaling $4.7M

by Kristin Harlow

CHICAGO AND PARK RIDGE, ILL. — Interra Realty has brokered the sales of two value-add multifamily properties in the northwest Chicago area for a combined $4.7 million. A two-building, 16-unit property at 1860-1900 N. Parkside Drive in Park Ridge that was built in 1966 sold for $2.8 million, and a 12-unit building at 8544-48 W. Gregory St. in Chicago’s O’Hare submarket that was constructed in 1972 sold for $1.9 million. Patrick Kennelly, Paul Waterloo and Nathan Zito of Interra represented both the confidential buyer and seller of the Park Ridge property. The trio also represented the undisclosed partnership seller of the Chicago asset, with Oleg Komarnytskyy of KOMAR Real Estate representing the private buyer. Both properties were fully occupied at the time of sale. The transaction of 8544-48 W. Gregory marks the first time the asset has traded hands since 1988, and the new ownership plans to renovate apartments as tenants turn over.

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IndustrialKansasLeasing ActivityMidwest

PROtect Signs 41,698 SF Lease to Anchor Wichita Business Park in Kansas

by Kristin Harlow

WICHITA, KAN. — Wichita-based PROtect, a national provider of safety, reliability and compliance services, has signed a 41,698-square-foot lease to serve as the lead tenant at Wichita Business Park in 2026. The company will consolidate and expand its corporate headquarters and Wichita operations center at Wichita Business Park, which is the redevelopment of Towne West Square Mall. Industrial Realty Group and PREP Funds acquired the mall in early 2025. Conversion plans call for a 591,893-square-foot, multi-tenant campus on 26 acres. Grant Glasgow and Scott Salome of NAI Martens represented the tenant and landlord in the lease.

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4115 S. Zero St
AcquisitionsArkansasIndustrialSoutheast

DWG Capital Acquires 256,314 SF Industrial Facility in Fort Smith, Arkansas Leased to Stryten Energy

by Abby Cox

FORT SMITH, ARK. — DWG Capital Partners has acquired a 256,314-square-foot manufacturing and distribution facility located at 4115 S. Zero St. in Fort Smith, a city on the Arkansas-Oklahoma border. Stryten Energy, a U.S.-based energy storage solutions provider, has occupied the industrial property since its construction in 1975. Atlas Holdings, which recently announced plans in April 2025 to expand its domestic manufacturing footprint, owns and operates Stryten Energy. Mike Salmen and Andrew Watson of Transwestern represented the seller, a private ownership group, in the off-market transaction. The sales price was not disclosed.

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AcquisitionsIndustrialNortheastPennsylvania

Partnership Acquires Industrial Complex in Chester, Pennsylvania, for $6.5M

by Taylor Williams

CHESTER, PA. — A partnership between regional development firm DH Property Holdings and New York City-based DRA Advisors has acquired a 63,080-square-foot industrial complex in Chester, located just southwest of Philadelphia. Th sales price was $6.5 million. The facility at 950 Township Line Road includes a 40,080-square-foot warehouse and a 15,000-square-foot service facility and was fully leased to three tenants at the time of sale. Steve Italiano of Italiano Commercial Real Estate Services represented the undisclosed seller in the transaction.

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403-West
LoansMultifamilyNorth CarolinaSoutheast

Northmarq Secures $55M Refinancing for 403 West Apartments in Raleigh for Blackfin

by Abby Cox

RALEIGH, N.C. — Northmarq has secured a $55 million bridge loan to refinance 403 West, a 438-unit, garden-style apartment community located in Raleigh. Northmarq arranged the three-year loan through Truist Bank on behalf of the borrower, Blackfin Real Estate Investors LLC. Built in 2002, 403 West features one- to four-bedroom floorplans ranging in size from 487 to 1,432 square feet, according to Apartments.com. Amenities at the property include a resident lounge, luxury café station, gas grill pavilion, 24-hour fitness center, bike storage, dog park with a shade pavilion, pickleball court, resort-style swimming pool and a playground.

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bjs-wholesale-club
FloridaLoansRetailSoutheast

MMCC Arranges $7M Loan for Retail Property Near Jacksonville Leased to BJ’s Wholesale Club

by Abby Cox

ORANGE PARK, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7 million in financing for a 109,895-square-foot, single-tenant retail property in Orange Park, a suburb of Jacksonville. BJ’s Wholesale Club occupies the building. Garrett Fierstein of MMCC secured the financing through a local credit union on behalf of the borrower, a private client.

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AcquisitionsMassachusettsMultifamilyNortheastWalker & Dunlop

Foxfield Sells 45-Unit Apartment Building in Beverly, Massachusetts

by Taylor Williams

BEVERLY, MASS. — Locally based investment firm Foxfield has sold 50 Broadway, a 45-unit apartment building in Beverly, located northeast of Boston. According to Apartments.com, the building exclusively offers studio apartments with an average size of 421 square feet, as well as outdoor grilling and dining stations and onsite laundry facilities. Kevin Gleason and Henry Smith of Walker & Dunlop brokered the sale. The buyer and sales price were not disclosed. Foxfield acquired the building in 2021 in partnership with Taymil Partners.

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Leasing ActivityNew YorkNortheastOffice

Electra USA Signs 25,331 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Electra USA has signed a 10-year, 25,331-square-foot office lease in Midtown Manhattan. The electrical contractor will occupy the entire fourth and 31st floors at 10 E. 53rd St., a 37-story building that recently underwent a capital improvement program that upgraded the lobby, façade and outdoor plazas. Joseph Cirone, Patrick Dugan and Zachary Price of CBRE represented the tenant in the lease negotiations. The landlord, SL Green, was self-represented.

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AcquisitionsNew JerseyNortheastOffice

Cushman & Wakefield Brokers Sale of 15,879 SF Office Building in Denville, New Jersey

by Taylor Williams

DENVILLE, N.J. — Cushman & Wakefield has brokered the sale of a two-story, 15,879-square-foot office building located at 165 E. Main St. in the Northern New Jersey community of Denville. Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller the transaction. Toni Kaufmann of Realty Executives represented the new owner-occupier, which also requested anonymity.

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