Property Type

CapRock Partners to Develop 250,000 SF Industrial Project in McKinney, Texas

by Taylor Williams August 20, 2025

MCKINNEY, TEXAS — California-based development and investment firm CapRock Partners has acquired 15.3 acres in McKinney, located north of Dallas, with plans to construct a 250,000-square-foot industrial project. McKinney Air Business Park, named for the site’s adjacency to McKinney National Airport, will be a two-building, shallow-bay development. Construction is scheduled to begin early next year. Colliers represented the undisclosed seller in the land deal and has also been retained by CapRock as the project’s leasing agent.

August 20, 2025

Development Midwest Minnesota Multifamily Student Housing

Landmark Properties Opens 1,021-Bed Student Housing Project in Minneapolis

by Kristin Harlow August 20, 2025

MINNEAPOLIS — Landmark Properties has opened The Standard at Dinkytown, a 17-story student housing project comprising 1,021 beds in Minneapolis. The 17-story community marks the first student housing development in Minnesota for Athens, Ga.-based Landmark. BKV Group served as the architect, and Landmark Construction was the general contractor. The property’s 323 units range from studios to five bedrooms. Each apartment is fully furnished and wired for high-speed internet and cable. Amenities include an outdoor pool area with a jumbotron, sun deck, cabanas, grilling stations and rooftop hot tub. Students also have access to an interior courtyard area, fitness center, clubhouse with computer lab, gaming lounge, study lounge with café and Amazon package lockers.

August 20, 2025

Georgia Leasing Activity Restaurant Retail Southeast

Simon Introduces 18 New and Expanded Retailers at Lenox Square in Atlanta

by John Nelson August 20, 2025

ATLANTA — Simon has introduced 18 new and expanded retailers debuting at Lenox Square, a 1.5 million-square-foot retail destination located in Atlanta’s Buckhead district. Nine of the tenants are now open and operating at Lenox Square, including three expanding concepts: Rolex, Burberry and Ferragamo. The other six opened stores are Good American, AllSaints, Ray-Ban, Rowan, Starbucks Coffee and Claire’s. Nine more concepts are set to open later this year, including IWC, Panerai, Mejuri, Cole Haan, Garage, Lovisa, Levi’s, Kelly’s Cajun Grill and Great American Cookie Company/Marble Slab. David Vinehout serves as Simon’s vice president of leasing at Lenox Square and Phipps Plaza, another high-end shopping mall in Buckhead that Simon owns and operates. Lenox Square is anchored by Bloomingdale’s, Neiman Marcus and Macy’s and includes 250 specialty stores and several restaurants, including The Cheesecake Factory, North Italia and True Food Kitchen.

August 20, 2025

Illinois Leasing Activity Midwest Office

Clayco, Prime Group Ink 75,633 SF of Office Leases at Chicago’s Historic Jewelers Building

by Kristin Harlow August 20, 2025

CHICAGO — Clayco and its development subsidiary CRG, along with The Prime Group Inc., have inked 75,633 square feet of new leasing activity at the historic 35 E. Wacker Drive, known as The Jewelers Building in Chicago. Madison Rose has led the leasing efforts. The latest activity includes a 25,445-square-foot headquarters relocation by Sheridan Capital Partners, a 21,664-square-foot expansion by Clayco/CRG and a 21,666-square-foot renewal by architecture firm SmithGroup. JLL’s Pat Schenk and Bill Rogers represented Sheridan Capital Partners, a private equity firm focused on healthcare investments that is relocating from the Wrigley Building. Clayco expanded its footprint to 91,785 square feet and extended its lease term to 2035. The Jewelers Building has served as Clayco’s Chicago headquarters for more than 15 years. SmithGroup renewed its lease in a multi-year deal. Other recent renewals that bring the total to 75,633 square feet include Aprio and Selective Search. The Jewelers Building was constructed in 1926. Recent renovations to the building include new high-efficiency building systems and sustainability features. Amenities include a conference center, fitness facility and private parking garage.

August 20, 2025

Development Southeast Student Housing Virginia

Deven Group Breaks Ground on 386-Bed Student Housing Community Near University of Virginia

by John Nelson August 20, 2025

CHARLOTTESVILLE, VA. — Development Ventures Group (Deven Group) has broken ground on a 386-bed, on-campus student housing community situated adjacent to Scott Stadium, home arena of the University of Virginia football team. Located at 2005 Jefferson Park Ave. in Charlottesville, the seven-story, $63 million community will offer 119 units with a mix of one-, two-, three- and four-bedroom layouts. Each unit will include walk-in closets, keyless entry and smart TVs, with select units offering private terraces. Amenities at the 240,000-square-foot property will include an elevated amenity deck with mountain views; a heated plunge pool; firepit, grilling stations and hammock and game lawns; clubroom with a coffee bar and event kitchen; group and private study rooms; fitness center with yoga and spin studios; EV chargers; and bike and parcel storage. Deven Group plans to deliver the unnamed community in summer 2027. Capital partners on the project include Marble Capital, BOK Financial and Clairmont Capital Group. Breeden Construction is the general contractor and is currently constructing a project within University of Virginia’s Fontaine Research Park. Deven Group, the U.S. development arm of Kajima Corp., a 180-year-old Japanese construction company, has approximately $300 million of projects set to break ground this year.

August 20, 2025

Acquisitions Industrial Midwest Minnesota

CBRE Arranges $25.2M Sale of Industrial Portfolio in Metro Twin Cities

by Kristin Harlow August 20, 2025

MINNEAPOLIS — CBRE has arranged the sale and acquisition financing for a 220,244-square-foot, four-property industrial portfolio in metro Twin Cities. An undisclosed buyer purchased the portfolio from Big River Real Estate for $25.2 million. CBRE’s Bentley Smith, Judd Welliver, Zach Graham, Ryan Bain, Joe Horrigan and Michael Caprile represented the seller. Billy Mork and Mike Vannelli of CBRE arranged a $15 million loan on behalf of the buyer that features a five-year term, fixed interest rate and full-term interest-only payments. The properties include 1971 Seneca Road in Eagan, 1420-1464 Cliff Road in Burnsville, 3830 Cheatham Ave. in Minneapolis and 1441 First Ave. NW in New Brighton. All of the assets were at least 94 percent leased at the time of sale.

August 20, 2025

Acquisitions Indiana Midwest Multifamily

Marcus & Millichap Brokers $7.4M Sale of Multifamily Portfolio in Indiana

by Kristin Harlow August 20, 2025

INDIANA — Marcus & Millichap has brokered the $7.4 million sale of a portfolio with 76 apartment units and three retail spaces in Hartford City, Spiceland, Knightstown and Rushville. The four properties were built between 2017 and 2021. Jack Friskney, Aaron Kuroiwa and Austin Meeker of Marcus & Millichap represented the seller, KDC Investments, and procured the buyer, PRE/3.

August 20, 2025

Acquisitions Industrial Midwest Ohio

Partnership Acquires 177,680 SF Hilliard Commerce Center in Ohio

by Kristin Harlow August 20, 2025

HILLIARD, OHIO — Industrial Realty Group LLC, Provider Real Estate Partners and DW Real Estate Partners LLC have acquired Hilliard Commerce Center in Hilliard, just northwest of Columbus. The 177,680-square-foot industrial property sits on 18.6 acres. The partnership plans to improve the facility with exterior upgrades, repairs to the existing structure and demolition of inefficient space. Nick Tomasone of CBRE is handling leasing.

August 20, 2025

Acquisitions Development Florida Industrial Southeast

Colliers Negotiates Sale of 168.3-Acre Industrial Development Site in South Orlando

by John Nelson August 20, 2025

ORLANDO, FLA. — Colliers has negotiated the $46.3 million sale of a 168.3-acre site on Wetherbee Road near Orlando International Airport. Orlando Utilities Commission sold the parcel on the south side of the city to developer Seefried Industrial Properties and its equity partner Clarion Partners. Joe Rossi, Lee Morris, Jeff Morris and Bret Felberg of Colliers represented the seller in the land transaction. Seefried was self-represented in the deal and has selected Morris to lease the development, which is dubbed Orlando Infill Logistics Center. The project will span 1.5 million square feet of new development across a maximum of nine buildings. Seefried plans to begin construction in the first quarter on the first three buildings, which are being developed on a speculative basis. Build-to-suit opportunities are also being entertained at the site, according to Colliers. Orlando Infill Logistics Center will feature up to 1,500 automobile parking spaces and 600 trailer spaces at full build-out.

August 20, 2025

Acquisitions Mixed-Use Multifamily North Carolina Retail Southeast Walker & Dunlop

Lone Star Sells Mixed-Use Lofts at Reynolds Village in Asheville, North Carolina

by John Nelson August 20, 2025

ASHEVILLE, N.C. — An affiliate of Lone Star Funds has sold The Lofts at Reynolds Village, a mixed-use development located at 61 N. Merrimon Ave. in Asheville. The property includes 201 apartments and 63,000 square feet of ground-level retail space. Baltimore-based Continental Realty Corp. is purchasing the property from Lone Star Real Estate Fund VI LP for an undisclosed price. Walker & Dunlop represented Lone Star, which structured the deal as a sale of REIT stock, in the transaction. Built in 2010, The Lofts at Reynolds Village features one-, two- and three-bedroom apartments, as well as a pool, onsite property manager, business center, lounge, sauna and a spa, according to Apartments.com.

August 20, 2025

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