Wednesday, April 8, 2026
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MidwestMinnesotaMultifamily

134-Unit Apartment Community Opens in St. Paul, Minnesota

by Kristin Harlow

ST. PAUL, MINN. — A new 134-unit apartment community, 333 on the Park, has opened in St. Paul. The eight-story building is located at 333 Sibley St. in the Lowertown neighborhood. Formerly known as the Gordon & Ferguson building, the building was constructed in 1913. Several players from the St. Paul Saints baseball team will live in the apartments. The team, part of the North Division of the American Association of Independent Professional Baseball, plays at nearby CHS Field. The building consists of studio, one-, two- and three-bedroom apartment homes, as well as 10 two-story penthouse homes. Two thousand square feet of commercial space located on the first floor is currently available for lease. Timberland Partners developed the apartment property, and will continue to own and manage the building. Kaas Wilson Architects designed the apartments, while Frana Cos. provided construction services for the renovation.

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IllinoisMidwestRetail

Mid-America Arranges $13M Sale of Shopping Center in Peoria, Illinois

by Kristin Harlow

PEORIA, ILL. — Mid-America Real Estate Corp. has arranged the sale of Sheridan Village in Peoria for $13 million. The 310,094-square-foot shopping center is located at the intersection of Sheridan Road and Lake Avenue. The grocery-anchored center includes Hy-Vee, Bergner’s and Planet Fitness. Toronto, Canada-based Northbridge Investment Management purchased the center. Joe Girardi of Mid-America brokered the transaction on behalf of the seller, Cincinnati-based Viking Partners.

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IndustrialMichiganMidwest

Burger Negotiates 23,750 SF Industrial Lease in Romulus, Michigan

by Kristin Harlow

ROMULUS, MICH. — Burger & Co. has negotiated the lease of a 23,750-square-foot industrial building in Romulus, about 23 miles southwest of Detroit and five miles north of the Detroit Metropolitan Airport. The building is located on Cypress Road. Burger & Co. arranged the lease transaction on behalf of the landlord, D&G Construction. The tenant was not disclosed.

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IndustrialMidwestOhio

Vortech Contracting Signs 7,100 SF Industrial Lease in Sherrodsville, Ohio

by Kristin Harlow

SHERRODSVILLE, OHIO — Vortech Contracting has signed a 7,100-square-foot industrial lease in Sherrodsville, located in eastern Ohio. The oil and gas services company will occupy the warehouse and office space on a three-acre site at 20 S. Church St. Bryce Custer of NAI Spring represented both Vortech Contracting and the undisclosed landlord in the lease transaction.

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New YorkNortheastOffice

BBS Completes $26.6M Expansion, Renovation at South Side High School in Rockville Centre, N.Y.

by Haisten Willis

ROCKVILLE CENTRE, N.Y. — BBS Architects, Landscape Architects and Engineers has completed the renovation and expansion of South Side High School for the Rockville Centre Union Free School District located on Long Island. BBS served as the architect; interior designer; technology designer; and mechanical, electrical, and plumbing (MEP) engineer for the project. The school is located at 140 Shepherd St. in Rockville Centre. The $26.6 million South Side High redevelopment was a part of a $45.9 million school improvement bond issue that was approved by local voters in 2013. BBS’s project team included architect Roger P. Smith, project manager Kenneth Schupner, designer Tracy Hansen and construction administrator Peter Dawkins. Park East Construction served as construction manager.

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ConnecticutNortheastOffice

Northeast Private Client Group Arranges $6.4M Sale of Office Property in New Haven, Conn.

by Haisten Willis

NEW HAVEN, CONN. — Northeast Private Client Group has arranged the $6.4 million sale of a 40,000-square-foot office property known as Exchange Place in New Haven. The property is located at 123-127 Church St. Edward Jordan and Bradley Balletto of the firm’s Connecticut office represented the seller and procured the buyer in the transaction. William Jekiel Forbes built the Exchange Place property in 1832 and it was renovated in 2003. The seller, Connecticut-based 123-127 Church Street Associates LLC, purchased the property in 2013 shortly after its primary tenant The Annie E. Casey Foundation ceased activities. The company signed a lease for the upper floors with a rapidly growing technology company, and signed a net lease for the ground-floor retail space with a national pharmacy. The property was 100 percent leased at the time of sale. The buyer, Boston-based New England Investment Partners, purchased the property for roughly $160 per square foot.

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IndustrialNew JerseyNortheast

BRC Brokers 92,000 SF Industrial Lease in Riverside, N.J.

by Haisten Willis

RIVERSIDE, N.J. — Bussel Realty Corp. (BRC) has brokered a 92,000-square-foot industrial lease for Keymar Warehouse Inc. at 301 W. Washington St. in Riverside. The leased space is part of a 250,000-square-foot industrial property. Leo Esses and David Posner of BRC represented the landlord, Remy Investments LLC, in the transaction. Colliers International represented Keymar Warehouse. The property, 301 W. Washington St., is located near Exit 5 of the New Jersey Turnpike and I-295. It features 18-foot to 24-foot ceiling heights, 15 tailboards and two drive-in doors for loading. The property has 100,000 square feet of space available, and an additional 100,000 square feet of new space can be constructed on the site.

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HospitalityNew YorkNortheast

Gene Kaufman Architect Receives Approval for Two-Hotel Project in NYC

by Haisten Willis

NEW YORK CITY — Gene Kaufman Architect (GKA) has received design approval from the NYC Department of Buildings for a Marriott and Residence Inn at John F. Kennedy International Airport in New York City. In addition, The Lam Group has asked GKA to take over work on a Courtyard by Marriott and Residence Inn already under construction at 215 Pearl St. Together, the projects offer 870 rooms and represent 424,000 square feet of hotel space. The 540-room, 270,000-square-foot Marriott-and-Residence Inn at JFK Airport is being designed for Soundview Real Estate Partners and Chartwell Hospitality. The dual hotel property, expected to break ground later this year, will have 4,000 square feet of lounge and bar space and more than 4,000 square feet of meeting space. It will also have an office center, a fitness center and parking. Construction is already underway on GKA’s second dual-hotel project, a 330-room, 170,000-square-foot Courtyard by Marriott and Residence Inn at 215 Pearl St., which is expected to open in 2018. The Lam Group asked GKA to oversee the final design of the building created by the previous architects Nobutaka Ashihara, and to design the interiors for both the hotel’s public spaces and its guest rooms.

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IndustrialLoansMassachusettsNortheastOffice

Colliers Secures $9.3M Acquisition Financing for Two-Building Portfolio Purchase in Massachusetts

by Haisten Willis

BILLERICA and MARLBOROUGH, MASS. — Colliers International has secured acquisition financing for a two-building portfolio purchase consisting of 734 Forest St. in Marlborough and 35 Dunham Road in Billerica. The 120,000-square-foot flex/industrial portfolio sold to a New England-based real estate investment firm.  Colliers secured the acquisition financing from Belmont Savings. Adam Coppola, Tom Welch, John Poole and Tonia Jenkins of Colliers arranged financing.

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Company NewsKansasMidwestRetailTop Stories

Payless ShoeSource Files for Bankruptcy, Plans to Close 400 Stores

by Nellie Day

TOPEKA, KAN. — Payless ShoeSource has filed for Chapter 11 bankruptcy and announced plans to immediately close nearly 400 underperforming stores. The company, which bills itself as the largest specialty family footwear retailer in the Western Hemisphere, currently operates approximately 4,400 stores in more than 30 countries. The shoes and accessory retailer was founded in 1956 in Topeka, Kan. “This is a difficult, but necessary, decision driven by the continued challenges of the retail environment, which will only intensify,” says W. Paul Jones, the company’s CEO. “We will build a stronger Payless.” Payless has entered into a Plan Support Agreement (PSA) with its lenders to reduce its debt load by almost 50 percent. The plan will also allow Payless to lower its annual cash interest costs, access additional capital and provide a path to emergence from Chapter 11 with a sustainable capital structure. The agreement will also allow Payless to invest in areas that may provide further growth, including omnichannel expansion, product and inventory initiatives, and international expansion in Latin America and elsewhere. The company plans to optimize its store footprint through the immediate store closures, as well as managing its existing real estate lease portfolio. This may include modifying …

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