STARKVILLE, MISS. — JLL has secured a $64 million refinancing for The Vista Starkville, an 820-bed student housing community located near the Mississippi State University campus in Starkville. Gregg Shapiro, Mike Brady, Sam Tarter, Christian Johnston and Connor McCarthy of JLL represented the borrower, Student Quarters, in securing the three-year, floating-rate loan from QuadReal Property Group. Built in 2019, the property offers 309 units in a mix of studio through five-bedroom configurations. Shared amenities include a fitness center, social lounge, resort-style pool and private resident parking. The community also features ground floor retail space occupied by Boardtown Pies & Pints.
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BCIP Acquires 32.6 Acres on Florida’s Space Coast, Plans Grocery-Anchored Mixed-Use Development
by Abby Cox
WEST MELBOURNE, FLA. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the project will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 square feet of commercial space, as well as a public art component that “celebrates the innovation, exploration and heritage that defines Florida’s Space Coast,” according to the press release. Upon completion of Space Coast Town Center, the development will include more than 2,000 multifamily residential units, 300 hotel rooms, 360,000 square feet of office space, 257,000 square feet of retail and restaurant space, a grocery store anchor and various public gathering areas.
Wilder, Greenberg Gibbons Purchase 163,975 SF Shopping Center in Raleigh, Plan Renovations
by Abby Cox
RALEIGH, N.C. — Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975-square-foot shopping center located in Raleigh. According to the Triangle Business Journal, an entity doing business as Mishorim Gold NC LP sold the asset for $33 million. The acquisition marks Wilder’s entry into North Carolina, as well as Greenberg Gibbon’s first purchase through its $300 million Real Estate Income Fund II. Wakefield Commons was 96.3 percent leased at the time of sale to tenants including Starbucks, Marquee Cinemas and Burn Boot Camp. Greenberg Gibbons plans to renovate and improve the shopping center. Additional details were not disclosed.
LAKE ORION, MICH. — Berkadia has arranged a $35.2 million loan to refinance Indian Lake Village Apartments, a 394-unit multifamily property in Lake Orion, a village located in the northern outskirts of Detroit. Wesley Moczul, Mitch Sinberg, Scott Wadler, Matt Robbins and Brad Williamson of Berkadia arranged the financing on behalf of the sponsor, Farmington Hills, Mich.-based Fenton Management Co. Freddie Mac purchased the 10-year, fixed-rate loan. The garden-style property is situated on 58 acres and was built between 1995 and 1997. There are 27 residential buildings with a mix of apartments and townhomes averaging 1,012 square feet. Amenities include a clubhouse, fitness center, business center, pool, tennis and volleyball courts, a sauna, game room, billiards room, library and conference room, pet play area and covered parking.
CARMEL, IND. — Buckingham Cos. will open Portrait Midtown, a luxury apartment community in Carmel. Move-ins are scheduled to begin later this summer. Residents can choose from one-, two- and three-bedroom apartments as well as two- and three-bedroom townhomes. Situated near the city’s Midtown Arts District, the property features a micro market, two fitness studios, grilling stations, a dog park, resort-style pool and fire pits. Residents can work from home in the lounges, coworking spaces and outdoor plaza areas. Additional amenities include valet trash removal, rentable storage, electric vehicle charging and a 400-stall parking garage. Two public art installations in the community include a large-scale installation by London-based public art studio Acrylicize and a custom mural by Carl Leck of CBL Imagery.
ADDISON, ILL. — Logistics Property Co. LLC (LogiPropCo) has closed on a 9.8-acre site at 2349 W. Lake St. in Addison with plans to build a 140,122-square-foot industrial facility. The site offers immediate access to I-355 and Illinois Route 20 as well as proximity to the O’Hare airport. Construction is expected to commence this month. The project will feature a clear height of 32 feet, 36 dock positions and parking for 179 cars. Morgan Harbour Construction will serve as general contractor, Architects Plus Design Studio is the architect and Jacob & Hefner Associates is the civil engineer. Aaron Martell and Ben Fish of LogiPropCo led the sourcing of the land for the development. Sean Henrick, Jason West and Doug Pilcher of Cushman & Wakefield will serve as the project’s leasing representatives. Completion is slated for the first quarter of 2027.
KANSAS CITY, MO. — Front Line Safety has unveiled plans to establish a new safety and first aid solutions distribution center in Kansas City, investing $1.7 million and creating 21 new jobs. The project is expected to generate $6.1 million in new annual payroll. The 113,000-square-foot facility, secured with CBRE, will support the company’s growth and expand its ability to serve customers throughout the Midwest and across North America. The facility is expected to open in July 2026.
— By Alma Cuevas and Jason Griffis of Cushman & Wakefield — The Las Vegas industrial market continues to evolve, shaped by new development and sustained demand. While vacancy has increased due to recent deliveries, the market tells a more nuanced story, particularly within smaller space requirements. Leasing activity in first-quarter 2026 totaled just under 3 million square feet, with an average deal size of about 21,000 square feet. Notably, about 95 percent of all leases occurred in spaces of less than 50,000 square feet. This concentration of activity underscores the continued depth of demand within the small and mid-bay segment. At the same time, the increase in vacancy is largely attributable to new construction, much of which has been concentrated in bulk distribution product. Continued development and expansion from groups like Prologis, OMP, EBS and Panattoni have added significant Class A institutional inventory to the market. While these projects enhance Las Vegas’ long-term positioning as a regional distribution hub, they have also expanded availability in spaces exceeding 100,000 square feet. This dynamic is effectively dividing the market into two distinct segments. Larger users are benefiting from increased optionality, more aggressive concessions and greater flexibility in lease negotiations. Smaller users, …
Allen Morris Co. Receives $113.7M Loan for Refinancing of Office Tower at Star Metals District in Atlanta
by Abby Cox
ATLANTA — Allen Morris Co., a mixed-use developer based in Coral Gables, Fla., has received a $113.7 million loan from Mexico-based Banco Inbursa for the refinancing of Star Metals Offices, a 267,000-square-foot office tower in Atlanta’s West Midtown neighborhood. The transaction will retire the existing construction loan provided by Bank OZK and Barings. “This refinancing is a testament to the quality and curation of what we have built at Star Metals Offices,” says Spencer Morris, president of Allen Morris Co. “Securing this financing package from Banco Inbursa — an institution that has become one of the most active and discerning real estate lenders in the country — reflects the caliber of our tenants, our retail program and the broader Star Metals District vision.” The 15-story office tower, which is 97 percent leased, opened in July 2021 and is the centerpiece of the $1.5 billion Star Metals District development. Tenants include Outreach, a new-to-market tech company; Nike’s regional technology hub; Signature, a leading coworking group; PrizePicks; Nelson Architecture; Brand Apart; PagerDuty; Sovos; and BMI, among others. Designed by Oppenheim Architecture and Warner Summers Architecture, Star Metals Offices features exterior balconies on each level, as well as a coffee shop, outdoor lounges/workspaces, a 5,000-square-foot rooftop restaurant …
SAN ANTONIO — Divine Technologies Aerospace Corp. (D-Tech), a Texas-based aerospace company, has signed an 83,482-square-foot industrial lease in San Antonio. The space is located within Building 2 of Mid-City Business Park, a three-building, 352,890-square-foot development development on the city’s west side. Roger Hill III and Kyle Kennan of Partners Real Estate represented the landlord, Houston-based Welcome Group, in the lease negotiations. John Colglazier Jr. and Scott Christy, also with Partners, represented the tenant.