Property Type

M&T Realty Capital Provides $44.8M in Financing for Mixed-Income Housing Project in Boston

by Taylor Williams September 3, 2025

BOSTON — M&T Realty Capital Corp. has provided $44.8 million in financing for 247 Hancock, a 47-unit mixed-income housing project that will be located in the Dorchester area of Boston. The six-story building will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness studio, tenant lounge and rooftop deck. The financing includes a $6.3 million Freddie Mac unfunded forward commitment under the 9 percent Low-Income Housing Tax Credit program, a $19.2 million construction loan and a $19.3 million tax credit equity investment, with the latter two components being executed by M&T Bank. Construction is slated for an early 2027 completion.

September 3, 2025

Industrial Loans New Jersey Northeast

G.S. Wilcox Arranges $23M Permanent Loan for Industrial Property in Secaucus, New Jersey

by Taylor Williams September 3, 2025

SECAUCUS, N.J. — Locally based financial intermediary G.S. Wilcox & Co. has arranged a $23 million permanent loan for an industrial property located in the Northern New Jersey community of Secaucus. The 200,000-square-foot facility, which was fully leased at the time of sale, includes 19 loading docks, one drive-in door and office space. Gretchen Wilcox and Al Raymond of G.S. Wilcox arranged the five-year, fixed-rate loan through an undisclosed life insurance company. The borrower was also not disclosed.

September 3, 2025

Alabama Loans Retail Southeast

Burton, Peaceable Street Capital Close $123M Recapitalization of Alabama Shopping Center Portfolio

by John Nelson September 3, 2025

MOBILE, ALA. — Mobile-based Burton Property Group and Peaceable Street Capital have closed the $123 million recapitalization of a four-property shopping center portfolio in Alabama. The properties include Riviera Square and Foley Square in Foley, Jubilee Square in Daphne and Westwood Plaza in Mobile. The 785,000-square-foot portfolio was 98 percent leased at the time of the recapitalization, details of which were not disclosed. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL arranged the financing on behalf of Burton Property Group, which will use its newfound capital flexibility on its mixed-use projects including the 1,300-acre South Alabama Logistics Park and River Walk Plaza, both in Mobile.

September 3, 2025

Development Florida Loans Multifamily Southeast

Madison Capital Arranges Equity for $84M Multifamily Development Underway in North Miami, Florida

by John Nelson September 3, 2025

NORTH MIAMI, FLA. — Madison Capital Group has arranged preferred equity financing for Urbania NoMi 125th, an $84 million luxury multifamily development in North Miami. The equity source was not released. The developers of the 12-story, 195-unit community include Continua Development and Oldtown Capital Partners. Construction is underway and the development is expected to come on line in 2026. Amenities at Urbania NoMi 125th will include a pool, fitness center, media lounge, outdoor gathering spaces and ground-level retail space.

September 3, 2025

Development Mixed-Use South Carolina Southeast

Pinckney, Coldwell Banker Unveil Plans for 34-Acre Mixed-Use Development in Johns Island, South Carolina

by John Nelson September 3, 2025

JOHNS ISLAND, S.C. — Pinckney Partners and Coldwell Banker Commercial Atlantic have unveiled plans for South Island Market, a 34-acre mixed-use project under development on Johns Island, about 13 miles south of Charleston. The project will span 82,000 square feet across eight buildings, which will be designated for retailers, restaurants, service-based tenants and office space. The development will also include 79 luxury townhomes built by Fort Washington, Pa.-based Toll Brothers, along with 16 acres of open space. Buddy Darby and Charles Darby of Pinckney Partners are the lead developers of South Island Market. Hannah Kamba and Tim Rowley of Coldwell Banker are the development’s listing agents.

September 3, 2025

Acquisitions Office Southeast Tennessee

Avison Young Negotiates $4.5M Sale of Boutique Office Building in Nashville

by John Nelson September 3, 2025

NASHVILLE, TENN. — Avison Young has negotiated the $4.5 million sale of a 7,203-square-foot boutique office building located at 107 Kenner Ave. in Nashville. Mike Jacobs, Lisa Maki and Jordan Powell of Avison Young represented the seller, Jim Jacobs of SilverPine Investments and Chapman Capital, in the transaction. Crews Johnson of Cushman & Wakefield represented the buyer, an accounting firm that will occupy the office building. The two-story property features two conferences rooms, three work rooms, collaborative spaces, a break room, reception area and 23 parking spaces. The freestanding property was built in 1979, according to LoopNet Inc.

September 3, 2025

Acquisitions Indiana Midwest Retail

Mid-America Arranges Sale of 182,051 SF Shopping Center in Fort Wayne, Indiana

by Kristin Harlow September 3, 2025

FORT WAYNE, IND. — Mid-America Real Estate Corp. has arranged the sale of Covington Plaza, a 182,051-square-foot shopping center in Fort Wayne. Anchor tenants include The Fresh Market, Office Depot, Planet Fitness and The Woodhouse Day Spa. Other tenants include Pet Supplies Plus, Tequila Mexican Cantina, Cap n’ Cork, Christopher James Menswear and Catablu Grille. Ben Wineman, Joe Girardi, Rick Drogosz and Eric Geskermann of Mid-America represented the seller, Broad Reach Retail Partners. Charleston, S.C.-based Ziff Real Estate Partners was the buyer.

September 3, 2025

Acquisitions Illinois Midwest Multifamily

Marcus & Millichap Brokers $7.9M Sale of Chicago Multifamily Portfolio

by Kristin Harlow September 3, 2025

CHICAGO — Marcus & Millichap has brokered the $7.9 million sale of a six-property, 38-unit multifamily portfolio in Chicago’s Noble Square neighborhood. The assets are located at 1516 N. Greenview Ave., 1452 N. Greenview Ave., 1350 N. Greenview Ave., 1302 N. Cleaver St., 1362 W. Crystal St. and 1049 N. Marshfield Ave. The properties feature a mix of one-, two- and three-bedroom units, many of which have been recently renovated. The portfolio also includes 10 income-producing garage spaces. Tyler Preissing and James Ziegler of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a local investment group.

September 3, 2025

Acquisitions Development Illinois Lee & Associates Midwest Multifamily

Lee & Associates Negotiates $6.5M Sale of Multifamily Development Site in South Elgin, Illinois

by Kristin Harlow September 3, 2025

SOUTH ELGIN, ILL. — Lee & Associates of Illinois has negotiated the $6.5 million sale of 84.4 acres of residential land at 325 Umbdenstock Road in South Elgin. John Cassidy, Jay Farnam and Ken Franzese of Lee & Associates represented the seller, Spohr Family Trust. The buyer, Lennar/CalAtlantic Group LLC, was self-represented. The site was previously marketed for an industrial use for more than a decade, according to Farnam. Lee & Associates secured a residential home builder to purchase the site and worked with the village on a land entitlement and approval process.

September 3, 2025

Acquisitions Georgia Net Lease Restaurant Retail Southeast

Marcus & Millichap Brokers $2.7M Sale of New Restaurant in Metro Atlanta Leased to Whataburger

by John Nelson September 3, 2025

ACWORTH, GA. — Marcus & Millichap has brokered the $2.7 million sale of a newly built restaurant located at 3558 Cobb Parkway NW in Acworth, a northwest suburb of Atlanta. Whataburger occupies the freestanding restaurant, which features a double drive-thru, on a new 15-year corporate ground lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, an unnamed developer based in Georgia, in the transaction. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap procured the unnamed buyer. The 3,318-square-foot Whataburger restaurant was delivered in April and is adjacent to a Walmart Super Center and Super Target.

September 3, 2025

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