Property Type

Lathrop GPM to Relocate Kansas City Headquarters to 47,000 SF Office

by Kristin Harlow May 21, 2025

KANSAS CITY, MO. — National law firm Lathrop GPM LLP will move its Kansas City headquarters to a new 47,000-square-foot office at Stanton Road Capital’s 2323 Grand Boulevard. The firm is relocating from its roughly 111,000-square-foot space at 2345 Grand Boulevard, where it has been based since the 1970s. The new office will be designed to adopt the firm’s companywide shift toward a hybrid work approach and is slated for occupancy in summer 2026. Lathrop’s office will be located on floors seven and eight with nine conference rooms, private offices, open workspaces and employee wellness rooms. Located in the heart of downtown, 2323 Grand Boulevard sits at the intersection of the Crossroads Art District and Crown Center, directly across from Union Station and the new RideKC streetcar station. The 320,976-square-foot, 11-story building offers onsite parking, flexible floor plates and spec suites. Stanton Road Capital acquired the property in late 2017 and has updated the amenities, including a conference center, gym, tenant lounge, dining area and outdoor patio. Additionally, Grand Coffee Co. will open a location within the building. Travis Helgeson and Miles McCune of Range Realty Partners are the property’s leasing agents. Scott Bluhm of Newmark Zimmer represented Lathrop GPM …

May 21, 2025

Acquisitions Industrial Midwest Ohio

CBRE Arranges $13M Sale of Industrial Property in West Chester, Ohio

by Kristin Harlow May 21, 2025

WEST CHESTER, OHIO — CBRE has arranged the $13 million sale of a 183,178-square-foot industrial property in West Chester near Cincinnati. Located at 9113 LeSaint Drive, the building served as the former headquarters of The O’Gara Group. Built in 1986 and renovated in 2023, the property features seven dock doors and eight drive-in doors on a 10.9-acre site. At the time of sale, the asset was fully occupied by three tenants. Will Roberts, Steve Timmel and Tim Schenke of CBRE represented the seller, TradeLane Properties. Plymouth Industrial REIT Inc. was the buyer.

May 21, 2025

Industrial Leasing Activity Office Texas

Bradford Negotiates 16,000 SF Lease at Industrial Flex Building in Alvarado, Texas

by Taylor Williams May 21, 2025

ALVARADO, TEXAS — Bradford Commercial Real Estate Services has negotiated a 16,000-square-foot lease at an industrial flex building in Alvarado, a southern suburb of Fort Worth. The tenant, Legend Conversion, which provides custom automotive build-outs, will occupy the entire building at 4209 Longhorn Drive, which features 25-foot clear heights, four grade-level doors and two dock-high doors. Todd Lambeth and Cade Navarro of Bradford represented the landlord, AAN Development LLC, in the lease negotiations.

May 21, 2025

Acquisitions Illinois Midwest Office

Greenstone Partners Negotiates $7.4M Sale of Flex Office Building in Chicago’s Fulton Market

by Kristin Harlow May 21, 2025

CHICAGO — Greenstone Partners has negotiated the $7.4 million sale of a 48,500-square-foot flex office and industrial building located at 1100 W. Monroe St. in Chicago’s Fulton Market neighborhood. The three-story property features efficient floor plates, industrial storage, three exterior docks on the first floor and 37 surface parking spaces. The asset, which was well maintained by an owner-occupant for more than 20 years, is located two blocks south of McDonald’s global headquarters. Jason St. John of Greenstone Partners represented the buyer, Alexander West Capital, the family office of the Leopardo family. The property will serve as the new home for Leopardo Construction’s Chicago operations. Andrew Davidson, Jay Beadle and David Kimball of Transwestern represented the seller, 1100 West Monroe LLC, an affiliate of Kolcraft Enterprises.

May 21, 2025

Acquisitions Illinois Midwest Multifamily

Kiser Group Brokers $3.9M Bulk Condo Sale in Rosemont, Illinois

by Kristin Harlow May 21, 2025

ROSEMONT, ILL. — Kiser Group has brokered the $3.9 million sale of 35 condominium units in a bulk transaction in Rosemount, a suburb of Chicago. The value-add asset was 97 percent occupied at the time of sale and provides convenient access to Chicago O’Hare International Airport, Rivers Casino and the Rosemont Fashion Outlets. Andy Friedman and Jake Parker of Kiser brokered the sale, which involved multiple sellers. The buyer was a local investor.

May 21, 2025

Leasing Activity Office Texas

Clear Technologies Signs 8,286 SF Office Lease at The Quorum in North Dallas

by Taylor Williams May 21, 2025

DALLAS — Clear Technologies Inc., a provider of data storage and management services, has signed an 8,286-square-foot office lease at The Quorum, a five-story, 86,750-square-foot building in North Dallas. Michael Doherty of Lincoln Property Co. represented the tenant, which is relocating from the nearby building at 16415 Addison Road, in the lease negotiations. Sunwest Real Estate Group owns The Quorum.

May 21, 2025

Development Multifamily New York Northeast

BRP Cos. Completes 292-Unit Multifamily Project in Farmingville, New York

by Taylor Williams May 21, 2025

FARMINGVILLE, N.Y. — BRP Cos. has completed Arboretum at Farmingville, a 292-unit multifamily project on Long Island. The 62-acre site at 20 Maple Lane is located within the Town of Brookhaven and includes a public park with walking trails and picnic areas. The development consists of 82 two-bedroom flats, 82 lofts, 63 two-bedroom townhomes, 14 three-bedroom townhomes and 51 three-bedroom single-family houses, with 30 units reserved for workforce housing. The amenity package comprises a fitness center with a yoga room, pool and cabana area, clubhouse with an entertainment kitchen, courts for tennis, pickleball and bocce ball, a putting green, playground, dog run and a business center with conference rooms. Santander Bank financed construction of the project, which began in summer 2022, and Basis Investment Group was the preferred equity investor. Rents start at $3,495 per month for a two-bedroom, market-rate apartment.

May 21, 2025

Acquisitions Development Multifamily New York Northeast

CBRE Brokers $27M Sale of Multifamily Development Site in White Plains, New York

by Taylor Williams May 21, 2025

WHITE PLAINS, N.Y. — CBRE has brokered the $27 million sale of a multifamily development site in White Plains, located north of New York City. The site at 60 S. Broadway spans 3.6 acres on the eastern edge of the downtown area and is approved for the development of two high-rise buildings totaling 814 units. Jeffrey Dunne, Eric Apfel and Travis Langer of CBRE represented the seller, Quarterra Multifamily Communities, in the transaction. The buyer was an affiliate of New York-based investment and development firm Stagg Group. A construction timeline was not disclosed.

May 21, 2025

Loans Multifamily Northeast Pennsylvania

Red Oak Capital Provides $9.2M Bridge Loan for Philadelphia Multifamily Project

by Taylor Williams May 21, 2025

PHILADELPHIA — Red Oak Capital Holdings has provided a $9.2 million bridge loan for Ridge Avenue Apartments, a 32-unit multifamily project in Philadelphia. The five-story building includes 8,000 square feet of ground-floor retail space and offers amenities such as a fitness center and a rooftop terrace, as well as off-street parking. The borrower, an affiliate of local development and management firm Vich Properties LLC, will use the proceeds from the two-year, interest-only loan to retire existing debt and complete construction of the project.

May 21, 2025

Connecticut Healthcare Loans Northeast

Cronheim Mortgage Arranges $7.5M in Financing for Connecticut Medical Office Building

by Taylor Williams May 21, 2025

WETHERSFIELD, CONN. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $7.5 million in financing for a 55,000-square-foot medical office building in Wethersfield, located just south of Hartford. The building at 1260 Silas Deane Highway was completed in 1960 and renovated in 1999 and is leased to affiliates of Starling Physicians and Hartford HealthCare Medical Group. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim arranged the loan through an undisclosed local lender. The sponsor is an affiliate of Connecticut-based Phoenix Realty Management.

May 21, 2025

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