Property Type

LOMBARD, ILL. — Standard Real Estate Investments has expanded its strategic partnership with Belay Investment Group. The venture will target middle-market, value-add multifamily investment opportunities in the Midwest with a commitment of $50 million. To mark the beginning of the partnership, Standard has completed the acquisition of Martins Point, a 256-unit, garden-style property in Lombard. The asset is located at 2101 S. Finley Road in DuPage County. Built in 1989, Martins Point features 17 buildings along with a clubhouse and maintenance shop. Amenities include a pool, grilling center, fitness center and game room. Planned renovations include enhancements to residences and common areas. Standard now owns 1,092 units in suburban Chicago.

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GRAND RAPIDS, MICH. — Berkadia has arranged financing for Meadowood Townhomes, a 96-unit, newly constructed multifamily property in Grand Rapids. Aaron Moll, Dominick Ens and Kevin Nimmo of Berkadia secured the loan through Fannie Mae. The borrower is the developer of the property, Grand Rapids-based Wheeler Development Group, which owns and operates the asset under its affiliated property management company, PURE Real Estate Management. The 10-year loan featured a 5.32 percent interest rate with seven years of interest-only payments followed by a 30-year amortization. Meadowood Townhomes was built in 2025.

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WAUSAU, WIS. — Marcus & Millichap has brokered the $2.5 million sale of a single-tenant retail property net leased to Chipotle in Wausau. The newly constructed building totals 5,000 square feet. The property is secured by a 15-year, corporate-guaranteed net lease and is the only Chipotle within a 95-mile radius, according to Marcus & Millichap. Jeff Rowlett, Blake Hanlon and Mark Peltin of Marcus & Millichap procured the buyer, Niets Investment Co. Michael Hughes of Marcus & Millichap Capital Corp. secured a five-year loan with a fixed interest rate of 5.65 percent and a 25-year amortization period.

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PHILADELPHIA — Brandywine Realty Trust has received $87.3 million in C-PACE financing for 3151 Market Street, a 494,530-square-foot life sciences facility located within the developer’s Schuylkill Yards mixed-use destination in Philadelphia. The newly completed facility also includes traditional office space in addition to lab facilities and various tenant amenities. Nuveen Green Capital provided the financing, and the deal team says that the amount represents the largest C-PACE loan closing in Pennsylvania’s history. The Philadelphia Energy Authority will administer the financing.

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NEW YORK CITY — Locally based brokerage firm TerraCRG has negotiated the $6.1 million sale of a 7,200-square-foot mixed-use building located at 390 Court St. in Brooklyn’s Carroll Gardens neighborhood. Chase Bank occupies the building’s ground-floor retail space, and Cobble Hill Ballet previously occupied the space on the upper floors. Rémi Norris and Matt Cosentino of TerraCRG represented the seller, an undisclosed family office, in the transaction. The buyer was also not disclosed.

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NEW YORK CITY — Marcus & Millichap has brokered the $5.6 million sale of an 11,850-square-foot industrial building in Brooklyn. Constructed in 1931, the building at 30 Richards St. is located in the Red Hook neighborhood and includes two drive-in doors, mezzanine storage and second-floor office space. Jesse Kay and Jakub Nowak of Marcus & Millichap represented the seller in the transaction. Haritini Pandis of Compass Real Estate represented the buyer. Both parties requested anonymity.

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MURRAY, UTAH — Bed Bath & Beyond Inc. (NYSE: BBBY), owner of Bed Bath & Beyond, Overstock, buybuy BABY and Kirkland’s, has signed a letter of intent to acquire the equity interests and substantially all assets of F9 Brands Inc., which owns and operates Cabinets To Go, Lumber Liquidators, Gracious Home/Thos. Baker and Southwind Building Products. The purchase price is nearly $150 million, and the transaction is expected to close after the company’s annual shareholder meeting in May. Murray-based Bed Bath & Beyond says this transaction will represent an additional step in building a national, fully integrated home services platform under “Beyond Home Services,” which will include categories such as storage, closets, cabinets, flooring, installation, renovation and distribution. Kitchen cabinets retailer Cabinets To Go operates more than 100 stores/showrooms nationwide. Lumber Liquidators is a specialty retailer of waterproof and hardwood flooring with more than 200 stores. Southwind Building Products supplies flooring and building materials to a network of 4,400 independent retailers and contractors across the country. Last week, Bed Bath & Beyond announced plans to acquire The Container Store for approximately $150 million in a deal that aims to combine the two retail brands. The Container Store maintains more than …

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Resia-Rayzor-Ranch-Denton

DENTON, TEXAS — JLL has arranged acquisition financing for Resia Rayzor Ranch, a 322-unit apartment community located in the North Texas city of Denton. Completed in 2024 and located within a master-planned community of the same name, Resia Rayzor Ranch consists of two buildings on a 3.1-acre site. Units come in one-, two- and three-bedroom floor plans and have an average size of 792 square feet. Amenities include a pool, fitness center, pickleball and basketball courts, outdoor grilling and dining stations, coworking space and package lockers. Jesse Wright, Philip Galligan and Lauren Dow of JLL arranged the loan through private equity firm ACRE on behalf of the borrower, Miami-based owner-operator Resia.

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Jefferson-Cove-Grand-Prairie

GRAND PRAIRIE, TEXAS — Newmark has brokered the sale of Jefferson Cove, a 283-unit apartment complex located midway between Dallas and Fort Worth in Grand Prairie. Completed in 2024, Jefferson Cove offers one-, two- and three-bedroom units. Amenities include a pool, fitness center with a yoga studio, clubhouse and resident lounge, outdoor grilling and dining stations, conference room and a dog park. Brian Murphy, Brian O’Boyle Jr. and Richard Furr of Newmark represented the seller, TDI, a multifamily investment company owned by former executives of JPI, in the transaction. Purvesh Gosalia, also with Newmark, arranged acquisition financing on behalf of the buyer, Madera Residential.

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IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 44,104-square-foot office building in Irving’s Las Colinas district. Built on a 3.6-acre site at 8333 Royal Ridge Parkway in 2000, the building is leased to Berkshire Hathaway and American Airlines Federal Credit Union. Joseph Jaques and Ron Hebert of Marcus & Millichap represented the California-based seller in the transaction and procured the Texas-based buyer. Both parties requested anonymity. 

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