Property Type

Quin-Sleepy-Hollow-Plainfield-New-Jersey

JMF Properties Begins Leasing Phase II of 212-Unit Apartment Community in Plainfield, New Jersey

by Taylor Williams July 7, 2020

PLAINFIELD, N.J. — JMF Properties has begun leasing the second and final phase of Quin Sleepy Hollow, a 212-unit apartment community in the Northern New Jersey city of Plainfield. The transit-served property features one- and two-bedroom units with floor-to-ceiling windows, quartz countertops and individual washers and dryers. Amenities include a resident lounge with billiards, a library, theater room, business center, dog park and a fitness center with a yoga studio. Move-ins are expected to begin later this summer.

July 7, 2020

Industrial Leasing Activity New Jersey Northeast

Major Kitchen Cabinet Signs 75,000 SF Industrial Lease in Elizabeth, New Jersey

by Taylor Williams July 7, 2020

ELIZABETH, N.J. — Major Kitchen Cabinet Inc. has signed a 75,000-square-foot industrial lease at 502 York St. in Elizabeth, located just south of Newark. The wholesale cabinet provider will be expanding from a 40,000-square-foot space in Brooklyn when the full-building lease commences later this year. The new space features 22-foot clear heights and six loading docks. Locally based investment firm Elberon Development Group owns the property, having acquired it in 2015 at full occupancy.

July 7, 2020

Loans Massachusetts Multifamily Northeast

Cornerstone Arranges $17M Loan for Refinancing of Boston Apartment Building

by Taylor Williams July 7, 2020

BOSTON — Cornerstone Realty Capital has arranged a $17 million loan for the refinancing of a 20-unit apartment building in the Harvard Square area of Boston. The property was built in 2012 and includes 6,280 square feet of ground-floor retail space across three units. Residential features include stainless steel appliances, dark wood cabinets and quartz countertops. Amenities include a fitness center, package delivery room and an underground parking garage. The borrower was not disclosed.

July 7, 2020

Civic Development Midwest Minnesota

Kraus-Anderson Completes $70M Renovation, Expansion of Science Facilities at Minnesota’s Gustavus Adolphus College

by Kristin Harlow July 7, 2020

ST. PETER, MINN. — Kraus-Anderson Construction Co. has completed a $70 million renovation and expansion of Nobel Hall of Science at Gustavus Adolphus College in St. Peter, about 70 miles southwest of Minneapolis. Nobel Hall houses the departments of biology, chemistry, geography and geology, along with interdisciplinary programs in biochemistry, molecular biology and environmental studies. Designed by Hastings+Chivetta, the 182,828-square-foot project nearly doubled the building’s footprint. A lobby and laboratory theater connects Nobel Hall to the Schafer Fine Arts building. The project also added new research and teaching laboratories, offices, classrooms and meeting rooms as well as a museum, greenhouse and auditorium.

July 7, 2020

Development Industrial Kansas Midwest Office

GO Topeka Unveils Plans for Animal Health Innovation Campus in Kansas

by Kristin Harlow July 7, 2020

TOPEKA, KAN. — GO Topeka has unveiled plans to build a large-scale animal health innovation campus in Topeka. The economic development group has selected Clark Enersen Partners and BioRealty Inc. to begin identifying and evaluating prospective locations. The developers, which both have expertise building scientific research parks, will present initial findings this winter. The development will be home to Plug and Play’s animal health program as well as research and development labs and offices for startups and partners. Topeka is centrally located within the KC Animal Health Corridor, which is home to more than 300 animal health companies.

July 7, 2020

Illinois Industrial Leasing Activity Lee & Associates Midwest

SignCo Leases 19,800 SF of Industrial Space in Melrose Park, Illinois

by Kristin Harlow July 7, 2020

MELROSE PARK, ILL. — SignCo, a local print, design and sign manufacturing company, has leased 19,800 square feet of industrial space at 1975 Cornell Ave. in Melrose Park, a western suburb of Chicago. The multi-tenant building spans 45,000 square feet. Michael Plumb and Brad Simousek of Lee & Associates represented the undisclosed landlord in the lease transaction. Ryan Kehoe of Lee & Associates represented the tenant. In May, Kehoe also represented SignCo when it sold its 6,900-square-foot building at 1327 N. 31st St. in Melrose Park. Keller Williams represented the buyer, Midwest AutoBody, in the sales transaction that occurred in May.

July 7, 2020

Acquisitions Hospitality Midwest Wisconsin

Marcus & Millichap Brokers $2.5M Sale of Super 8 Hotel in Wisconsin

by Kristin Harlow July 7, 2020

PLEASANT PRAIRIE, WIS. — Marcus & Millichap has brokered the $2.5 million sale of a Super 8 hotel in Pleasant Prairie, about 35 miles south of Milwaukee. Built in 1984, the 60-room hotel is located at 7601 118th Ave. at the intersection of Highway 50 and I-94. Ebrahim Valliani, John Yurich, Allan Miller and Chris Gomes of Marcus & Millichap marketed the hotel on behalf of the seller, a private investor. the team also secured and represented the buyer, a private investor.

July 7, 2020

Acquisitions Indiana Midwest Office

Partners in Autism Buys 18,492 SF Office Building in Fort Wayne, Indiana

by Kristin Harlow July 7, 2020

FORT WAYNE, IND. — Partners in Autism has purchased an 18,492-square-foot office building located at 601 Noble Drive in Fort Wayne for an undisclosed price. Brady Gardner and John Caffray of Sturges Property Group represented the buyer in the transaction. Fort Wayne-based Partners in Autism provides several autism-related services, including therapy, social groups and employment services. The seller was undisclosed.

July 7, 2020

Acquisitions Arizona Retail Western

Evergreen Devco Buys 163,594 SF Chandler Pavilions Retail Center in Arizona

by Amy Works July 7, 2020

CHANDLER, ARIZ. — Evergreen Devco has acquired Chandler Pavilions, a shopping center located at 800-890 N. 54th St. in Chandler. Invesco sold the asset for an undisclosed price. Built in 1998, the value-add center features 163,594 square feet of retail space. Current tenants include REI, Bed Bath & Beyond, Golf Galaxy and Cost Plus World Market. Pat Dempsey of JLL represented the seller. Phoenix Commercial Advisors will continue to serve as leasing agents for the property.

July 7, 2020

Acquisitions Industrial Oregon Western

Alpine Food Distributing Acquires 220,000 SF Industrial Complex in Milwaukie, Oregon

by Amy Works July 7, 2020

MILWAUKIE, ORE. — Alpine Food Distributing has purchased two distribution facilities, located at 9696 SE Omark Drive in Milwaukie. Oregon Transfer Co. sold the asset for $12.2 million. Steven Klein and Peter Stalick of Kidder Mathews represented Alpine in the transaction. The Oregon-based, family-owned food distribution company previously leased the properties, which offer a total of 220,000 square feet. The newly acquired complex is adjacent to a 280,000-square-foot facility that the buyer already owns.

July 7, 2020

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