Thursday, June 26, 2025
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LoansMidwestMultifamilySeniors HousingWisconsin

KeyBank Closes $12.8M Refinancing Loan for Assisted Living Portfolio in Wisconsin

by Kristin Harlow

BEAVER DAM AND WAUPUN, WIS. — KeyBank Real Estate Capital has provided $12.8 million in refinancing for a two-property assisted living portfolio in Wisconsin. Prairie Ridge at Beaver Dam consists of 27 assisted living units and is located in Beaver Dam, about 40 miles northeast of Madison. The property was built in 1998 and renovated in 2010. Prairie Ridge at Waupun consists of 47 assisted living units and is located in Waupun, 20 miles north of Beaver Dam. The property was built in 1999 with an addition constructed in 2008. The FHA loan was used to pay off existing debt on the property. Michael Eisenga, owner of Prairie Ridge Facilities, was the borrower. John Randolph of KeyBank arranged the loan.

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LoansMichiganMidwestMultifamilySeniors Housing

Dougherty Provides $9.2M Bridge Loan for Refinancing of Assisted Living Property in Calumet, Michigan

by Kristin Harlow

CALUMET, MICH. — Dougherty Funding LLC has provided a $9.2 million bridge loan for the refinancing of Gardenview Assisted Living and Memory Care in Calumet in the Upper Peninsula. The 39-unit senior living facility is located at 26096 Elm St. Calumet Facility LLC and Calumet Operating LLC was the borrower. Dougherty Funding served as lead lender and servicer for the loan.

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IndustrialMidwestOhio

SkyView Advisors Arranges Sale of 57,000 SF Storage Facility in Sheffield Lake, Ohio

by Kristin Harlow

SHEFFIELD LAKE, OHIO — SkyView Advisors has arranged the sale of Lake Road Self Storage in Sheffield Lake, about 25 miles west of Cleveland. The 57,000-square-foot facility includes 418 non-climate controlled units. The property sits on 8.6 acres at 5360 Lake Road. Public Storage was the buyer. Ryan Clark of SkyView Advisors led the transaction.

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IllinoisMidwestRestaurantRetail

Marcus & Millichap Brokers Sale of 7,368 SF Property Net Leased to Texas Roadhouse in Chicago Suburb

by Kristin Harlow

TINLEY PARK, ILL. — Marcus & Millichap has brokered the sale of a 7,368-square-foot property net leased to Texas Roadhouse in Tinley Park, a southern suburb of Chicago. The property is located at 18345 LaGrange Road and was built in 2004. Bruce Bentley III of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Joseph Sigal of Marcus & Millichap represented the buyer, a REIT. Steven Weinstock assisted in closing the transaction. Texas Roadhouse is a steakhouse restaurant.

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IllinoisMidwestRetail

The Boulder Group Arranges $1M Sale of Single-Tenant Property in Southern Illinois

by Kristin Harlow

CARTERVILLE, ILL. — The Boulder Group has arranged the sale of a single-tenant property net leased to First Mid-Illinois Bank & Trust in Carterville in southern Illinois. The 2,602-square-foot building is located at 300 S. Division St. There are approximately six years remaining on the lease, which expires in October 2022. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based private investment trust. The buyer was a Midwest-based 1031 exchange investor.

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RetailTexas

Santikos Entertainment to Develop 90,000 SF Retail Center in Tomball, Texas

by Amy Works

TOMBALL, TEXAS — Santikos Entertainment is developing Northpointe Shopping Center, an entertainment-anchored retail center located at the northeast corner of Windsor Pointe Drive and State Highway 249 in Tomball. Anchored by the existing Santikos Silverado 19, a multi-screen cinema, the center will feature 90,000 square feet of junior anchor and shop space, as well as pad sites. In addition to the cinema, the site currently includes two restaurants on pad sites: Texas Roadhouse and Bahama Bucks. Randy Hopper and Edward Heap of The Weitzman Group are handling leasing for the project, which is scheduled for delivery in 2018.

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IndustrialTexas

Stream Realty Partners Arranges Sale of 315,000 SF Industrial Facility in Ennis, Texas

by Amy Works

ENNIS, TEXAS — Stream Realty Partners has brokered the sale of an industrial facility located at 601 National Drive in Ennis. LSREF4 Dual LLC sold the 315,000-square-foot property for an undisclosed sum. Built in 2007, the property is fully leased to Cenveo Corp., a manufacturer of commercial printing, custom packaging, envelopes and labels. Jamie Jennings, James Mantzuranis, Caitlin Clinton and Cannon Green of Stream Realty Partners represented the seller. The name of the buyer was not released.

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IndustrialTexas

Port Logistics Realty Breaks Ground on 83,125 SF Spec Warehouse in Grand Prairie, Texas

by Amy Works

GRAND PRAIRIE, TEXAS — Port Logistics Realty has broken ground on a speculative warehouse facility in Great Southwest Industrial Park in Grand Prairie. Offering access to I-30 and Texas State Highways 183 and 360, the 83,125-square-foot industrial property is slated for completion in the second quarter of 2017.

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OfficeTexas

Hill & Wilkinson Completes $8M Expansion at Texas State University in San Marcos

by Amy Works

SAN MARCOS, TEXAS — Hill & Wilkinson General Contractors has completed the Science, Technology and Advanced Research One expansion at Texas State University in San Marcos. The $8 million project added 16,000 square feet of lab space and office suites, bringing the facility to a total of 36,000 square feet. The space serves as an incubator for start-up and early-stage businesses by providing tenants access to secure wet labs, clean space, conference rooms and office space for research and development. The project team included PhiloWilke Partnerships, GarzaBury Engineering, E&C Engineers and Consultants and Cardno Haynes Whaley.

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RetailTexas

DuWest Brokers Sale of 30,054 SF Retail Property in Dallas

by Amy Works

DALLAS — DuWest has arranged the sale of a single-tenant retail property located at 8330 N. Stemmons Freeway in Dallas. A California-based 1031 exchange buyer acquired the 30,054-square-foot property from a local partnership for an undisclosed price. Office Depot currently occupies the property. DuWest represented the seller in the deal.

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