Property Type

McShane, Ashlaur Complete 96-Unit Mixed-Income Apartment Complex in Chicago

by Kristin Harlow July 23, 2025

CHICAGO — McShane Construction Co. and Ashlaur Construction have completed Westhaven Park Station, a 96-unit mixed-income apartment complex located on Chicago’s Near West Side. Brinshore Development and The Michaels Organization developed the 12-story property. The project marks the final phase of redevelopment of the former Henry Horner Homes complex and satisfies the requirement to replace all affordable units that were lost when the homes were demolished. McShane built a 113-unit condominium building as part of Phase I of the Westhaven Park development in 2006. Westhaven Park Station features three retail spaces on the ground floor. Units are offered in one- and two-bedroom layouts. Sixty-six percent of the units are affordable, while the remainder are market rate. Amenities include a fitness room, rooftop deck, parking, package room and conference room. LBBA provided architectural services.

July 23, 2025

Acquisitions Illinois Industrial Midwest

Colliers Arranges Sale of 100,400 SF Logistics Center in Mount Prospect, Illinois

by Kristin Harlow July 23, 2025

MOUNT PROSPECT, ILL. — Colliers has arranged the sale of a 100,400-square-foot last-mile logistics facility in Mount Prospect for an undisclosed price. The property at 350 N. Wolf Road features a clear height of 32 feet, 12 exterior truck docks and paved parking. Jeff Devine, Steve Disse and Tyler Ziebel of Collieres represented the seller, a joint venture between Stotan Industrial and PCCP LLC. An institutional investor purchased the asset. The site was formerly home to an office building, which Stotan demolished to make way for the facility. Completed in early 2024, the property is fully leased to OnTrac, an e-commerce logistics provider.

July 23, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $6M Sale of Multifamily Property in Chicago’s Uptown Neighborhood

by Kristin Harlow July 23, 2025

CHICAGO — Kiser Group has brokered the $6 million sale of a multifamily property located at 1132-1140 W. Wilson Ave. in Chicago’s Uptown neighborhood. Originally completed as an adaptive reuse project in 2015, the asset was fully occupied at the time of sale. The building is located one block from the Chicago Transit Authority and across the street from Truman College. CedarSt sold the property to J&J Equities. Katie LeGrand and Jacob Price of Kiser Group brokered the transaction, which closed two months after the property was brought to market.

July 23, 2025

Acquisitions Development Kansas Midwest Restaurant Retail

Block & Co. Sells Retail Development Site in Overland Park, Kansas to Hyper Energy Bar

by Kristin Harlow July 23, 2025

OVERLAND PARK, KAN. — Block & Co. Inc. Realtors has sold a retail development site at Oak Park Mall in Overland Park to Hyper Energy Bar, an Iowa-based drive-thru chain. Hyper Energy Bar sells energy drinks with caffeine, caffeine-free and sugar-free options. The 1.2-acre pad site is adjacent to tenants IHOP, Paris Baguette and Bank of America. Hyper Energy Bar is slated to open in the first quarter of 2026. Daniel Brocato and David Block of Block & Co. represented the landlord, while Pat Coppinger of Colliers represented the tenant.

July 23, 2025

Acquisitions Multifamily New York Northeast

Ariel Property Advisors Arranges $9M Sale of Brooklyn Multifamily Development Site

by Taylor Williams July 23, 2025

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $9 million sale of a multifamily development site in the Gowanus area of Brooklyn. The site totals 21,600 buildable square feet across two lots at 554-550 Union St., which currently house three structures with commercial and residential space. Sean Kelly, Stephen Vorvolakos and Nicole Daniggelis of Ariel represented the undisclosed seller in the transaction. The buyer was also not disclosed.

July 23, 2025

Industrial Leasing Activity New Jersey Northeast

Scentbird Signs 116,530 SF Industrial Lease in Somerset, New Jersey

by Taylor Williams July 23, 2025

SOMERSET, N.J. — Scentbird has signed a 116,530-square-foot industrial lease in the Northern New Jersey community of Somerset. The provider of customized fragrance subscriptions is taking space at Cottontail Logistics Center, a two-building, 236,000-square-foot development. Nicholas Klacik of CBRE represented Scentbird in the lease negotiations. Kevin Dudley, Chad Hillyer and Kate Granahan, also with CBRE, represented the landlord, CBRE Investment Management, which bought the property earlier this summer.

July 23, 2025

Development Industrial Northeast Pennsylvania

Kervan USA to Open 90,000 SF Packaging, Manufacturing Facility in Lehigh Valley

by Taylor Williams July 23, 2025

WHITEHALL TOWNSHIP, PA. — Kervan USA, a Turkish candy company, will open a 90,000-square-foot packaging and manufacturing facility in the Lehigh Valley. The company, which maintains its U.S. headquarters in Whitehall Township and also has packaging and distribution locations in New Jersey, will invest $20 million to consolidate those operations into a single facility. Kervan USA expects the new facility, construction of which is underway and expected to be complete next year, to create about 40 new jobs within the community.

July 23, 2025

Development Industrial Southeast Tennessee Top Stories

Hamilton Development Breaks Ground on 2.1 MSF Spec Industrial Park in Clarksville, Tennessee

by Kristin Harlow July 23, 2025

CLARKSVILLE, TENN. — Hamilton Development has broken ground on NorthPark Logistics, a 2.1 million-square-foot industrial park in Clarksville, a city in northern Tennessee. The project marks the first Class A speculative industrial park in Clarksville, according to the Nashville-based developer. The 200-acre site at 4175 Guthrie Highway will feature 14 buildings at full build-out. Located within 50 miles of Nashville, the NorthPark Logistics site is directly served by R.J. Corman rail, offers immediate access to I-24, is within an hour’s drive from both Clarksville Regional Airport and Nashville International Airport and is adjacent to the $3.2 billion LG Chem plant. In addition to LG Electronics, Clarksville is home to industrial tenants such as Hankook Tire, Google, Bridgestone and Amazon. “As industrial employers continue to invest billions of dollars in the area, we believe there will be increasing demand for institutional-quality industrial space,” says Whitfield Hamilton, CEO of Hamilton Development. NorthPark Logistics will feature opportunities for flexible build-to-suit or speculative space, with the ability to accommodate tenants ranging from 18,200 to 1.2 million square feet. Hamilton Development has begun construction on the first phase of the development, which encompasses four buildings totaling nearly 550,000 square feet. Building 1, a 206,752-square-foot property, …

July 23, 2025

Company News Georgia Mixed-Use Multifamily Southeast

Hunt Cos. Acquires Majority Interest in Carter

by John Nelson July 22, 2025

EL PASO, TEXAS AND ATLANTA — Hunts Cos. Inc. has acquired a controlling interest in Carter, a mixed-use and residential real estate investment and development firm based in Atlanta. The El Paso-based firm is acquiring the majority stake in Carter and buying out longtime CEO and chairman Bob Peterson, who has subsequently announced his retirement. Current CEO and president Scott Taylor will continue to oversee the day-to-day operations at Carter post-acquisition. Terms of the transaction were not released. The partnership aims to grow Carter’s banking relationships, expand the company’s mixed-use development platform and secure additional investment opportunities in key markets. Hunt Cos. and Carter have previously collaborated on Prospect Lake Wire, a 22-acre mixed-use development underway in Lakeland, Fla., and for The DeSOTA, a luxury apartment development in Sarasota, Fla.

July 22, 2025

Acquisitions Florida Industrial Southeast

Phoenix Investors Purchases 628,000 SF Industrial Facility in Jacksonville

by John Nelson July 22, 2025

JACKSONVILLE, FLA. — An affiliate of Milwaukee-based Phoenix Investors has purchased a 628,000-square-foot industrial facility located at 2121 Huron St. in Jacksonville. The property was previously home to Anchor Glass Container Corp. The seller and sales price were not disclosed. The property features 26 dock doors and clear heights up to 32 feet. Phoenix plans to renovate the facility with a new roof, fire suppression enhancements, exterior and interior paint, new dock equipment and site work improvements. The Jacksonville facility represents the ninth former glass factory that Phoenix Investors has acquired with plans to update for modern industrial use, according to Anthony Crivello, executive vice president and managing director at Phoenix. The construction timeline for the redevelopment was not announced.

July 22, 2025

Newer Posts

Older Posts