Wednesday, July 16, 2025
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AcquisitionsAlabamaMultifamilySoutheast

Cushman & Wakefield Arranges $11.8M Sale of Multifamily Community in Huntsville

by Alex Tostado

HUNTSVILLE, ALA. — Cushman & Wakefield has arranged the $11.8 million sale of Chaney Place, an 80-unit multifamily community in Huntsville. The property offers two- and three-bedroom, townhome-style floor plans averaging 1,350 square feet. The property, which was delivered in 2015, is situated at 1060 Chaney Place Drive, 10 miles south of downtown Huntsville. Craig Hey and Andrew Brown of Cushman & Wakefield represented the seller, Morrison Avenue Capital Partners, in the transaction. Birmingham-based Red Street Investment Co. acquired the property.

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Leasing ActivityNorth CarolinaOfficeSoutheast

Willis Towers Watson Signs 22,000 SF Office Lease at Forest Park IV in Southwest Charlotte

by Alex Tostado

CHARLOTTE, N.C. — Willis Towers Watson has signed a 22,000-square-foot, 11-year lease at Forest Park IV, a 62,000-square-foot office building in Charlotte. The London-based advisory firm is the first tenant to sign a lease at the single-story building, which is owned by Wakefield, Mass.-based Franklin Street Properties Corp. The property is situated at 600 Forest Pointe Circle, nine miles southwest of downtown Charlotte.

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AcquisitionsMultifamilyTexas

FourPoint Arranges Sale of 270-Unit Sarah Apartments in Metro Austin

by Taylor Williams

LEANDER, TEXAS — FourPoint Investment Sales Partners has arranged the sale of The Sarah Apartments, a 270-unit community located in the northern Austin suburb of Leander. Built in 2018, the property offers townhouse-style, two-story units with attached garages, walk-in closets and gourmet kitchens. Community amenities include a resort-style pool, clubhouse, fitness center, dog park and a pet washing station. Kevin Dufour and Kyle Peco of FourPoint represented the seller, CESM Real Estate, in the off-market transaction. A California-based investor purchased the asset for an undisclosed price.

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DevelopmentIndustrialTexas

Gulf Corp., Tailwind Complete 131,178 SF Industrial Project in Laredo

by Taylor Williams

LAREDO, TEXAS — Developer Gulf Corp. and equity partner Tailwind Real Estate Equities have completed I-35 Logistics Center, a 131,178-square-foot industrial project in the South Texas city of Laredo. The Class A facility features 4,000 square feet of office space, 32-foot clear heights, 46 dock-high doors, 73 trailer parking spaces and an ESFR sprinkler system. Park Avenue Construction served as the general contractor for the project, construction of which began in August 2019. CBRE is handling leasing.

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Leasing ActivityRetailTexas

Redline Athletics Signs 21,000 SF Retail Lease in Metro Fort Worth

by Taylor Williams

CROWLEY, TEXAS — Redline Athletics, which provides training and coaching services for a variety of sports, has signed a 21,000-square-foot retail lease at 320 E. Main St. in Crowley, a southern suburb of Fort Worth. Chris Flesner of RESOLUT RE, formerly known as Retail Solutions, represented Redline Athletics in the lease negotiations. Jon McDaniel of NAI Robert Lynn represented the undisclosed landlord.

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HealthcareIllinoisMidwestRetail

Walgreens Expands Drive-Thru COVID-19 Testing to 15 New Locations in Seven States

by Kristin Harlow

DEERFIELD, ILL. — To provide greater access to COVID-19 testing and community resources, Deerfield-based Walgreens is working to expand drive-thru testing to 15 new sites in seven states. The locations include Arizona, Florida, Illinois, Kentucky, Louisiana, Tennessee and Texas. The testing sites will utilize Abbott’s new test, which delivers positive results in as little as five minutes and negative results within 13 minutes. The 15 locations are being finalized in collaboration with the U.S. Department of Health and Human Services and are planned for select hot spot markets with escalating rates of COVID-19 cases. Walgreens plans to be able to test up to 3,000 people per day across these additional sites, which are expected to be activated beginning later this week. Testing will be at no cost to eligible individuals who meet criteria established by the Centers for Disease Control and Prevention.

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DevelopmentMidwestMinnesotaMultifamilySeniors Housing

Vincent Development Receives Approval for Senior Living Facility in Prior Lake, Minnesota

by Kristin Harlow

PRIOR LAKE, MINN. — Vincent Development has received approval from the city of Prior Lake for the development of Summers Ridge Senior Living. Comprising 40 units of assisted living and memory care, the senior living facility will be located at 4285 Fountain Hills Drive in Prior Lake, about 20 miles southwest of Minneapolis. Great Lakes Management will manage the one-story property, which will feature 24-hour support, private bedrooms and bathrooms, home-cooked meals, physical and mental exercises, outings and activities, housekeeping and laundry services.

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IndianaLoansMidwestMultifamily

Dougherty Mortgage Provides $8.4M Refinancing for Multifamily Property in Valparaiso, Indiana

by Kristin Harlow

VALPARAISO, IND. — Dougherty Mortgage LLC has provided an $8.4 million loan for the refinancing of Arbor Crossing Apartments in Valparaiso. Constructed between 1967 and 1979, the 138-unit property consists of 16 rental townhome buildings and three apartment buildings. The community also features a leasing office and a one-story maintenance and garage building. The 10-year loan features a 30-year amortization schedule. Arbor Crossing Housing LLC was the borrower.

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IndustrialLeasing ActivityMidwestOhio

Nichols Paper & Supply Co. Signs 45,000 SF Industrial Lease in Suburban Cleveland

by Kristin Harlow

OAKWOOD VILLAGE, OHIO — Nichols Paper & Supply Co. has signed a 45,000-square-foot industrial lease in Oakwood Village, a southern suburb of Cleveland. The paper company is relocating its Cleveland distribution center to Oakwood Village. David Hexter and Jeffrey Calig of NAI Pleasant Valley represented the tenant in the lease transaction. The landlord was not disclosed.

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IowaLoansMidwestMultifamily

Marcus & Millichap Arranges $3.4M Refinancing for Townhome Property in Iowa

by Kristin Harlow

WATERLOO, IOWA — Marcus & Millichap has arranged a $3.4 million nonrecourse loan for the refinancing of Summerland Townhomes in Waterloo, about 55 miles northwest of Cedar Rapids. The property includes rental 22 units. Robert Bhat of Marcus & Millichap arranged the 12-year loan, which features a 30-year amortization schedule and a fixed rate of 3.9 percent.

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