NASHVILLE, TENN. — Walker & Dunlop has arranged a $105 million loan for the refinancing of 805 Lea, a 356-unit apartment tower in downtown Nashville. Built in 2021, the property features 10,203 square feet of ground-floor retail space across three suites. Amenities include a 24-hour concierge services, 29th floor sky lounge, saltwater swimming pool, fitness center and two outdoor fire pits. Stephen Farnsworth led the Walker & Dunlop team that arranged the three-year loan through Nuveen on behalf of the borrower, Key Real Estate Co. The loan features two optional 12-month extensions.
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FAIRFIELD, N.J. — Regional investment firm Ridgecut Road has purchased a 5.8-acre industrial outdoor storage (IOS) facility in the Northern New Jersey community of Fairfield. The property address was not disclosed. The facility features a 35,000-square-foot warehouse and maintenance facility with 26- to 30-foot clear heights and three oversized drive-in doors, as well as a two-story, 10,000-square-foot office building. Nicholas Stefans and Jason Lundy of JLL brokered the sale of the property. Michael Klein, Max Custer and Kevin Badger, also with JLL, arranged an undisclosed amount of acquisition financing for the deal.
Advenir Oakley Capital, Capstone Building Complete $78M BTR Project in Greer, South Carolina
by John Nelson
GREER, S.C. — Developer Advenir Oakley Capital and general contractor Capstone Building Corp. have completed construction of LEO Jamestown, a $78 million build-to-rent (BTR) development in Greer, a city 12 miles northeast of Greenville. Located at 1015 S. Main St., LEO Jamestown includes 296 one-, two- or three-bedroom homes. Monthly rental rates range from $1,399 to $2,099, according to Apartments.com. Amenities include a resort-style pool, pool house, clubhouse, a fitness center and outdoor green spaces. Advenir Azora is managing the property.
NEW YORK CITY — The Boys’ Club of New York has signed a 25-year, 33,000-square-foot lease in The Bronx. The nonprofit organization will occupy the entire building at 565 Morris Ave., which previously housed an early education center for Sheltering Arms. The space will be retrofitted to feature classrooms for music, arts and media, as well as audio engineering and computer labs and spaces that support athletics and gaming. The new clubhouse will also include a cooking and a hydroponics area. Stephen Powers, Lindsay Ornstein, Alexander Smith, and Chloe Holder of OPEN Impact Real Estate represented The Boys’ Club in the negotiations for the 25-year lease. Jordan Kaplan, Dean Rosenzweig, Jeremy Scholder and Jojo Lewis of CBRE represented the landlord, Bronx Realty Group.
Trinity Capital, Crow Holdings to Develop 171,920 SF Industrial Facility in Charlotte
by John Nelson
CHARLOTTE, N.C. — A joint venture between Trinity Capital and a real estate fund advised by Crow Holdings plans to develop Graham Park CLT, a 171,920-square-foot speculative industrial facility located on a 17.3-acre site at 2241 Graham Park Drive in Charlotte. Tom Tropeano, Chris Loyd and Gray Gaines of Avison Young represented the seller, an entity doing business as Graham Park Ventures LLC, in the $6.2 million land sale to the development team. United Bank is providing an undisclosed amount of construction financing. Edifice Construction is the general contractor for Graham Park CLT, which is expected to break ground in the third quarter and wrap up construction in third-quarter 2026. The development will include concrete tilt-wall construction, 32-foot clear heights, ESFR sprinklers, dock-high and grade-level loading doors and a two-acre dedicated industrial outdoor storage area. Trinity Capital and Crow Holdings have selected Avison Young’s Tropeano, Gaines and Henry Lobb to handle the leasing assignment at Graham Park CLT.
ATLANTA — CP Group has executed more than 47,000 square feet of leases at Cumberland Center II, a 421,000-square-foot, 17-story office building in Atlanta’s Cumberland-Galleria office submarket. Jeff Bellamy and Brooke Dewey of JLL represented the Boca Raton, Fla.-based landlord in each transaction. The deals included a 17,300-square-foot lease with C.H. Robinson, a logistics operations firm represented by Tim Wright of Cushman & Wakefield; a 13,200-square-foot lease with Mikart, a pharmaceutical manufacturing company represented by Ryan Hudson of CBRE; a nearly 5,000-square-foot spec suite deal with Young Management and Consulting, a professional services provider represented by Austin Donaldson and Corey Ferguson of T. Dallas Smith; a 3,200-square-foot spec suite deal with Applied Economics, a financial services firm represented by Henry Kreimer and Dan Granot of Savills; a 2,300-square-foot lease for a spec suite with Setty, an engineering consulting firm represented by Jody Selvey and Meredith Selvey of Colliers; and a 6,200-square-foot expansion for spec suite space with JM Huber, a national producer of consumer and industrial products. CP Group recently completed a major capital improvements program at Cumberland Center II that included a lobby renovation, new tenant lounge and a 100-seat conference facility.
WILMINGTON, DEL. — Herbein + Co. Inc. has opened a 14,000-square-foot office in Wilmington. The accounting firm relocated and expanded from a 6,000-square-foot space to Wells Fargo Tower, which according to LoopNet Inc. is a 15-story building that was originally constructed in 1980 and renovated in 2002. The new office is open as of July 21. No third-party brokers were named as being involved in the lease negotiations.
Elysian Housing, Capstone Equities Buy California Office Building for $20.6M, Plan Affordable Housing Conversion
by Amy Works
ENCINO, CALIF. — Elysian Housing and Capstone Equities have acquired an office building located at 5435-5445 Balboa Blvd. in Encino from 5435 Balboa LLC for $20.6 million. The buyers will convert the 74,947-square-foot office building into The Oaks on Balboa, an affordable housing community offering 117 studio and one-bedroom apartments. Darren Casamassima and Scott Romick of Lee & Associates LA North/Ventura represented the seller and buyer in the deal.
SAN DIEGO — Rexford Industrial has inked a lease with an undisclosed tenant to fully occupy 8888 Balboa Avenue in San Diego’s Kearny Mesa submarket. The Class A distribution facility offers 111,706 square feet of warehouse space, 11,786 square feet of two-story office space, 20 dock-high loading positions, a clear height of 36 feet, ESFR sprinklers, concrete paving throughout the loading and yard area, and multiple access points with gated entry/exit and fencing. Evan McDonald, Mark Lewkowicz and Tucker Hohenstein of Colliers represented Rexford, while Wills Allen and Mike McQuaid of Newmark represented the tenant in the transaction.
Hanley Investment Group Arranges $4.6M Sale of Multi-Tenant Retail Pad Site in Fresno, California
by Amy Works
FRESNO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a 7,052-square-foot multi-tenant retail pad site located at 6770 North Brawley Ave. in Fresno. A Dutch Bros Coffee drive-thru anchors the property, which is situated within the River Oak Plaza shopping center. Built in 2019 on 1.3 acres, the building is fully leased to four additional tenants including West Coast Sourdough, WaBa Grill, Sport Clips and Organic Nails & Spa. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, California Gold Development Corp., in the transaction. Vicky Casey of Casey & Associates represented the buyer, a Visalia, Calif.-based private investor. Hanley Investment Group has sold 96 coffee-related retail properties totaling $357 million across the U.S. in the past two years, including 11 Dutch Bros Coffee shops in the past 12 months.