GRAND FORKS, N.D. — Bernard Financial Group (BFG) has arranged a $5 million permanent loan for a 55-unit multifamily property in Grand Forks. Joshua Bernard of BFG arranged the loan through a life insurance company. The borrower was a partnership between Holiday Air Owner LLC, Skyline Village Owner LLC and University Heights Owner LLC.
KENT, OHIO — The Boulder Group has brokered the $2.3 million sale of a single-tenant retail property occupied by Dollar General in Kent. Located at 1154 Tallmadge Road, the asset totals 10,566 square feet. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a preferred Dollar General developer. The buyer was a Delaware Statutory Trust. Dollar General operates more than 20,000 stores in 48 states.
NEW YORK CITY — Arch Inc. has signed a 73,581-square-foot office lease in Lower Manhattan. The fintech firm will relocate from the nearby building at 111 E. 18th St. to the entire 30th and 31st floors of One Seaport Plaza, a 35-story building that was originally constructed in 1984. Evan Algier and Eric Hazen of Cushman & Wakefield represented the tenant in the lease negotiations. John Cefaly, Ethan Silverstein, Stephen Bellwood and Rachel Rosenfeld, also with Cushman & Wakefield, collaborated with internal agents Brett Greenberg and Adam Rappaport to represent the landlord, Jack Resnick & Sons.
MILFORD, N.H. — Hitchiner, a provider of casting-based components and assemblies for the aerospace and automotive industries, has opened a 57,000-square-foot manufacturing facility in Milford, located near the Massachusetts-New Hampshire border. The build-to-suit facility will serve as a “shared services operations” center on the company’s existing campus. Locally based design-build firm PROCON handled architectural and construction aspects of the project, which began in fall 2024.
NEW YORK CITY — Saks Global Holdings LLC, the owner of luxury retailers such as Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the company’s senior secured bondholders and roughly $240 million of incremental liquidity from its asset-based lenders. Saks Global says the financing package will strengthen its balance sheet and position the company for “a strong and stable future.” In addition, Saks Global has appointed Geoffroy van Raemdonck as CEO, effective immediately. Van Raemdonck, who previously served as CEO of Neiman Marcus Group prior to its acquisition by Saks Global in 2024, succeeds Richard Baker, who stepped down from his role as executive chairman and CEO of Saks Global, effective Jan. 13. Van Raemdonck is expanding Saks Global’s senior leadership team, appointing industry veterans and former Neiman Marcus Group leaders. “This is a defining moment for Saks Global, and the path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future,” says van …
WACO, TEXAS — Cromwell Commercial Group, an affiliate of brokerage firm Coldwell Banker Commercial APEX, Realtors, has arranged the sale of a 1 million-square-foot industrial facility in Waco. The facility, which spans 56 acres at 5200 Beverly Drive, was operated as a glass bottle manufacturing facility for 80 years. The new owner, Dallas-based investment firm Keating Resources, plans to reposition the facility’s 907,000‑square‑foot distribution component for lease or sale and has rebranded the property as Waco I-35 Logistics Center. Jordan Beard of Cromwell Commercial brokered the sale of the property, and the firm has also been retained to direct and market the repositioning strategy.
HOUSTON — Greystone has provided a $36.6 million Freddie Mac loan for the refinancing of a 476-unit apartment community in Houston. The name of the property, which was originally built in 1966 and offers one-, two- and three-bedroom units, was not disclosed. The loan was structured with a fixed five-year term and full-term, interest-only payments. The borrower, which was also not disclosed, has invested in capital improvements since acquiring the property, including unit interior renovations and upgrades of building systems. Gill Dolan led the transaction for Greystone.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 123,241-square-foot industrial lease in South Fort Worth. The space is located within Carter Industrial Park. Reid Bassinger, Trey Fricke and Schaefer Amos of Lee & Associates represented the tenant, ReturnPro, which provides post-purchase services for retailers, in the lease negotiations. Cheyenne Mungaray, Forrest Cook and Jeff Rein of Stream Realty Partners represented the landlord, Agellan Capital Partners Inc.
MATHIS, TEXAS — MAG Capital Partners has purchased a 34,150-square-foot industrial facility in Mathis, about 35 miles northwest of Corpus Christi, in a sale-leaseback deal. The 37.7-acre site at 11557 State Highway 359 houses the global headquarters operations of Airforce Turbine Service and includes a private runway. Steven Okon, Blake Shaffer and Anthony Walters of JLL advised on the transaction. DWG Capital Group arranged acquisition financing for the deal on behalf of the purchaser.
WILSON, N.C. — Pharmaceutical and home consumer products giant Johnson & Johnson has announced a new multibillion-dollar life sciences facility in Wilson, which sits east of the Raleigh-Durham region along I-95 in Wilson County. The new factory will focus on the production of medicines for oncology and neurological diseases. The development is expected to create up to 500 new jobs and represents the second major investment in Wilson County for Johnson & Johnson. In October 2024, the company announced a $2 billion manufacturing campus that would support 420 jobs. That facility is currently under construction, and Johnson & Johnson has begun hiring advanced manufacturing positions. Additionally, Johnson & Johnson announced last year a $2 billion biopharmaceutical manufacturing facility in nearby Holly Springs, N.C. Civic partners on the new factory in Wilson includes the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, the North Carolina Biotechnology Center, the North Carolina Community College System, the North Carolina Department of Environmental Quality, Wilson Community College, the BioPharma Crescent, Wilson County, the Wilson Economic Development Council and the City of Wilson.