Sunday, May 4, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Alpha-78-Logistics-Center
DevelopmentIndustrialNew JerseyNortheast

Woodmont, Brookfield to Develop 450,000 SF Industrial Project in Alpha, New Jersey

by Taylor Williams

ALPHA, N.J. — A partnership between locally based developer Woodmont Industrial Partners and Brookfield Properties will develop a 450,000-square-foot project in Alpha, located on the New Jersey-Pennsylvania border. Alpha 78 Logistics Center will be situated on a 33.6-acre site and feature a cross-dock configuration, clear height of 36 feet, 118 dock doors with four drive-ins, 6,000 square feet of office space and parking for 230 cars and 89 trailers. Completion is slated for the third quarter of 2025. CBRE will market the property for lease. CBRE also brokered the land deal, which closed in June and saw Woodmont sell the acreage to Brookfield.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailSoutheastTennessee

Matthews Arranges Portfolio Sale of Two Shopping Centers in Tennessee

by John Nelson

ELIZABETHTON AND LAFOLLETTE, TENN. — Matthews Real Estate Investment Services has arranged the portfolio sale of two Tennessee shopping centers: Elk Crossing in Elizabethton and Cumberland Crossing in Lafollette. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the seller, Big V Property Group, in the portfolio sale. An entity doing business as Vishal 1 LLC purchased the portfolio for an undisclosed price. The centers, situated roughly 140 miles from each other, span a combined 170,900 square feet and were 99.4 percent leased at the time of sale. Elk Crossing’s tenant roster includes Ross Dress for Less, United Grocery Outlet and Workout Anytime, and Cumberland Crossing’s tenant roster includes Big Lots and Ross Dress for Less.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRestaurantRetailSoutheast

SRS Brokers $3.7M Sale of New Central Florida Restaurant Property Leased to Chipotle

by John Nelson

HAINES CITY, FLA. — SRS Real Estate Partners has brokered the $3.7 million sale of a newly delivered restaurant property located at 35654 U.S. Highway 27 in Haines City, a city in Central Florida. Chipotle Mexican Grill occupies the property on a 15-year triple-net lease. The 2,493-square-foot restaurant sits on 0.7 acres and features a drive-thru. Patrick Nutt, William Wamble and Connor Barton of SRS represented the seller, an undisclosed development firm based in Florida, in the transaction. The buyer, a private investment firm based in Spain, purchased the restaurant at a 4.5 percent cap rate.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentLoansMultifamilyNortheastPennsylvania

PACE Loan Group Provides $10.6M in C-PACE Financing for Philadelphia Multifamily Project

by Taylor Williams

PHILADELPHIA — PACE Loan Group (PLG) has provided $10.6 million in C-PACE financing for a 114-unit multifamily project in Philadelphia. The site at 1440 Front St. in the city’s Fishtown neighborhood is an assemblage of six vacant city lots. The project will include five studios, 95 one-bedroom units and 14 two-bedroom units, as well as a fitness center, business center and 2,083 square feet of retail space. Matthew McCormack of PLG originated the loan on behalf of the borrower, Archive Development. McCormack also worked with JLL to place a $14 million construction loan with Builders Capital for the project, which is slated for a summer 2026 delivery. Commercial Property-Assessed Clean Energy (C-PACE) financing offers favorable loan terms to borrowers that make qualified improvements in sustainability initiatives, including energy, lighting and water usage.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNortheastPennsylvaniaSeniors Housing

Partnership Breaks Ground on 55-Unit Affordable Seniors Housing Project in Philadelphia

by Taylor Williams

PHILADELPHIA — Pennrose, Wynnefield Overbrook Revitalization Corp. (WORC) and other project partners have broken ground on Good Shepherd, a 55-unit affordable seniors housing project in Philadelphia’s Overbrook area. The site formerly housed the Good Shepherd Presbyterian Church. The four story, 53,000-square foot building will offer one-bedroom apartments for seniors earning between 20 and 60 percent of the area median income. Delivery is slated for fall 2025.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMassachusettsNortheastOfficeRetail

Atlantic Capital Partners Negotiates $4M Sale of Vacant Commercial Building in Downtown Boston

by Taylor Williams

BOSTON — Locally based brokerage firm Atlantic Capital Partners has negotiated the $4 million sale of an 11,323-square-foot vacant commercial building in downtown Boston. According to LoopNet Inc., the building at 19-21 School St. was originally built in 1953 and can support both office and retail uses. Justin Smith, Chris Peterson, Sam Koonce and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew JerseyNortheast

Marcus & Millichap Brokers $3.2M Sale of Northern New Jersey Apartment Portfolio

by Taylor Williams

IRVINGTON, N.J. — Marcus & Millichap has brokered the $3.2 million sale of a portfolio of three apartment buildings totaling 26 units in the Northern New Jersey community of Irvington. The buildings are collectively known as the Ellis Apartment Portfolio and house a mix of studio, one-, two- and three-bedroom units. Jed Matricaria and Daniel Aviles of Marcus & Millichap represented the seller and procured the buyer, both of which were private investment firms that requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRetail

Mid-America Negotiates Sale of 166,290 SF Metro Centre Retail Property in Peoria, Illinois

by Kristin Harlow

PEORIA, ILL. — Mid-America Real Estate Corp. has negotiated the sale of Metro Centre, a 166,290-square-foot shopping center located at the intersection of University Street and Glen Avenue in Peoria. The sales price was undisclosed. The property is home to JoAnn, Noodles & Co., Sunrise Health Foods, PNC, Great Clips, WW Studio, Kay’s Hallmark, Merle Norman, Homes Shoes, Le Bakery, Pottstown Meat & Deli and 50’s Diner. A Schnucks Market shadow anchors the asset. Ben Wineman of Mid-America represented the seller, a family owner that developed the property in 1971. A private family office was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilyWisconsin

Marcus & Millichap Arranges Sale of 204-Unit Sun Valley Apartments in Fitchburg, Wisconsin

by Kristin Harlow

FITCHBURG, WIS. — Marcus & Millichap has arranged the sale of Sun Valley Apartments in Fitchburg, a southern suburb of Madison. The sales price was undisclosed. Built in 1975 and renovated in 2011, the multifamily property consists of 204 units across 12 buildings. Amenities include a fitness center, playground, leasing office and wooded green spaces. Matthew Whiteside of Marcus & Millichap represented the seller, Sierra West LLC, and procured the buyer, Monarch Investment and Management Group.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMichiganMidwestMultifamily

Friedman Brokers $10.5M Sale of Huntington House Apartments in Riverview, Michigan

by Kristin Harlow

RIVERVIEW, MICH. — Friedman Real Estate has brokered the $10.5 million sale of Huntington House Apartments in Riverview, a southwest suburb of Detroit. The 129-unit multifamily property is located at 17400 Fort St. Peter Jankowski and Rich Deptula of Friedman represented the undisclosed seller. The buyer was also undisclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts