Wednesday, July 8, 2026
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The-Reserve-at-Estuary-Weehawken
DevelopmentMultifamilyNew JerseyNortheast

Hartz Mountain Completes 218-Unit Apartment Complex in Weehawken, New Jersey

by Taylor Williams

WEEHAWKEN, N.J. — Locally based developer Hartz Mountain Industries has completed The Reserve at Estuary, a 218-unit apartment complex in the Northern New Jersey community of Weehawken. Designed by MHS Architecture, the property is located within the 60-acre Lincoln Harbor mixed-use development and offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, individual washers and dryers and smart technology. Select residences have patios. Amenities include a pool, outdoor lounge, courtyard, fitness center, game room and a coworking lounge. Leasing began in April, at which point rents started at $3,300 per month for a studio apartment.

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AcquisitionsMidwestNebraskaRetail

Equity Bancshares Enters Nebraska Market with Acquisition of Frontier Holdings

by Kristin Harlow

OMAHA, NEB. — Equity Bancshares Inc. (NYSE: EQBK), the Wichita, Kan.-based holding company of Equity Bank, has entered into a definitive merger agreement with Frontier Holdings LLC, the parent company of Frontier Bank in Omaha. The transaction adds seven locations to Equity’s franchise and marks the company’s entrance into Nebraska. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, Frontier will receive approximately 75 percent of its consideration in EQBK stock and the balance in cash. Subject to receipt of customary regulatory and member approvals and closing conditions, the merger is expected to close in the fourth quarter. Following completion, Frontier Bank will merge with and into Equity Bank. Established in 1937, Frontier Bank currently operates seven Nebraska locations, with two in Lincoln and one each in Falls City, Madison, Norfolk, Omaha and Pender. As of June 30, Frontier Bank had $1.4 billion in total assets, including $1.3 billion in loans and $1.1 billion in deposits. The combination with Frontier brings Equity’s total strategic transactions to 26 since the company’s founding in 2002, including 14 whole-bank acquisitions since the company’s initial public offering in 2015. Stephens Inc. advised Equity, which …

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AcquisitionsIndianaIndustrialMidwest

Greenstone Partners Brokers $16.5M Sale of Two Industrial Facilities in Portage, Indiana

by Kristin Harlow

PORTAGE, IND. — Greenstone Partners has brokered the $16.5 million sale of the Addison and Clark buildings, two multi-tenant industrial properties totaling 166,134 square feet in Portage. The transaction represents the highest price per square foot ever achieved for a multi-tenant industrial investment of 50,000 square feet or larger in the Northwest Indiana region, according to CoStar. Located at 6625 and 6675 Daniel Burnham Drive, the shallow bay buildings are home to a long-term tenant base with an average tenure of 13 years. Flexible suite configurations range from 10,000 to 50,000 square feet. Jason St. John of Greenstone represented the seller, a Florida-based private investor, and procured the buyer, Sperry Equities, a Southern California-based real estate investment group.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Negotiates $14.6M Sale of Retail Center in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — Marcus & Millichap has negotiated the $14.6 million sale of a 35-suite retail center in the Chicago suburb of Schaumburg. Located at 1170 S. Roselle Road, the 114,476-square-foot property was built in 1988 and sits on 12.8 acres. The anchor tenant is KD Market, a Chicagoland grocer that recently signed a 10-year lease extension. Tenants have an average operating history of 12 years, with a mix of medical, wellness, restaurant and service providers. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, an overseas-based family who has owned the property for 32 years. The buyer was a Chicago-based private investment group.

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AcquisitionsIllinoisIndustrialMidwest

JLL Arranges Sale of 73,150 SF Industrial Property in Vernon Hills, Illinois

by Kristin Harlow

VERNON HILLS, ILL. — JLL Capital Markets has arranged the sale of a 73,150-square-foot light industrial property in the Chicago suburb of Vernon Hills. Built in 1990 on 4.4 acres, the facility features a clear height of 24 feet, three interior recessed loading docks, three drive-in doors and 227 parking stalls. The building is currently fully leased to four tenants with a 5.2-year contractual weighted average lease term. The tenant roster spans home appliance, sports and recreation, and water and wastewater treatment industries. Each user has invested significantly in specialized build-outs for their spaces. The property is situated within Continental Executive Parke, a 600-acre master-planned business park originally developed by Prentiss Properties. Kurt Sarbaugh and Jaime Fink of JLL represented the seller, JMS Capital Group. Wisconsin-based Luther Group was the buyer.

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IndustrialLeasing ActivityNew YorkNortheast

Cushman & Wakefield Negotiates 28,000 SF Industrial Lease Near JFK International Airport

by Taylor Williams

NEW YORK CITY — Cushman & Wakefield has negotiated a 28,000-square-foot industrial lease near JFK International Airport in Queens. The tenant, freight and logistics operator Kennedy Transport Services LLC, will occupy space at Inwood Logistics Center, a 10-building development. Rico Murtha, Helen Paul, Sonny Singh, Thomas Deluca, David Frattaroli, John Giannuzzi and Joseph Hentze Jr. represented the landlord, a partnership led by Onyx Equities, in the lease negotiations. The tenant representative was not disclosed.

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AcquisitionsIllinoisMidwestMultifamily

Essex Realty Group Brokers $1.7M Sale of Apartment Building in Summit, Illinois

by Kristin Harlow

SUMMIT, ILL. — Essex Realty Group LLC has brokered the $1.7 million sale of an apartment building located at 7349 W. 57th St. in Summit, a southwest suburb of Chicago. The property features 17 one-bedroom units, 15 of which have been recently renovated. Anthony Citriglia of Essex brokered the sale.

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Leasing ActivityMassachusettsNortheastRetail

PickleBOS to Open 22,570 SF Sports Entertainment Venue in Charlestown, Massachusetts

by Taylor Williams

CHARLESTOWN, MASS. — Pickleball operator PickleBOS will open a 22,570-square-foot sports entertainment venue in Charlestown, a northern metro of Boston. The site at 440 Rutherford Ave. is located within Charlestown Labs, a 166,000-square-foot office and life sciences campus owned by Related Beal. Designed by StudioTYAK, the indoor facility will feature 10 courts that will be equipped with TVs, iPads and cameras for live scoring and instant replays, as well as private event spaces. The opening is slated for December.

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Leasing ActivityNew YorkNortheastOffice

JTC Group Signs 15,926 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — JTC Group has signed a 15,926-square-foot office lease in Midtown Manhattan. The global fund administration services company will relocate from Rockefeller Center to the entire 20th floor of 575 Madison Avenue, a 25-story, 385,347-square-foot building. David Hollander, Gregg Rothkin, Brad Auerbach, Maxwell Tarter and William Hooks of CBRE represented the landlord, Steinberg and Pokoik Management Co., in the lease negotiations. John Nugent and Joe D’Apice, also with CBRE, represented the tenant.

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AcquisitionsAffordable HousingMultifamilyNew MexicoOregonTop StoriesWestern

Guardian Acquires Affordable Housing Portfolio in Oregon, New Mexico for $497M

by John Nelson

PORTLAND, ORE. — Portland-based multifamily owner-operator Guardian has acquired a portfolio of 15 multifamily properties totaling 3,050 units in Oregon and New Mexico for $497 million. The deal represents the company’s largest transaction and one of the larger deals in the United States year-to-date, according to Guardian. Each property in the portfolio was built after 2000 using Low Income Housing Tax Credits (LIHTC) but after the end of the program’s 15-year compliance period, thus the properties were at risk of market-rate conversion. Guardian will voluntarily convert a portion of the portfolio’s units to income-restricted housing that is reserved for renters earning 60 percent or less of the area median income (AMI). The seller was not released. “This transaction represents a pivotal moment for Guardian as we advance our mission to preserve and expand quality affordable housing,” says Tom Brenneke, president of Guardian. The company purchased the portfolio in two tranches. The first was with capital partner AEW for two Portland-area communities spanning 310 units. The second phase comprised the other 13 properties, which span 2,740 units in the metro areas of Portland and Albuquerque, N.M. Guardian partnered with National Equity Fund (NEF) and JPMorgan Chase on the second tranche. “Partnering …

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