Thursday, November 5, 2026
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50-70-Columbus-Jersey-City
LoansMultifamilyNew JerseyNortheast

JLL Arranges $340M Refinancing of Two Jersey City Apartment Buildings

by Taylor Williams

JERSEY CITY, N.J. — JLL has arranged the $340 million refinancing of two Jersey City apartment buildings totaling 938 units. The 36- and 48-story buildings are known as 50 and 70 Columbus and were completed in 2007 and 2015, respectively. Both buildings feature studio, one-, two- and three-bedroom units with in-unit washers and dryers, walk-in closets, hardwood floors, stone countertops and stainless steel appliances. Amenities include a heated outdoor pool, fitness center, rooftop deck with grilling spaces and a courtyard. Thomas Didio, Thomas Didio Jr., Gerard Quinn and Michael Mataras of JLL arranged the debt through Truist Financial Corp. on behalf of the owner, a joint venture between Ironstate Development Co. and Panepinto Properties.

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DevelopmentSoutheastStudent HousingTennessee

Middle Tennessee State University, Annex Group Plan 554-Bed Residence Hall Project

by John Nelson

MURFREESBORO, TENN. — A public-private partnership between Middle Tennessee State University (MTSU) and The Annex Group has announced plans for Wommack Lane Commons, a 554-bed residence hall project on the MTSU campus in Murfreesboro. The community would replace the existing Wommack Lane Apartments, which were built nearly 50 years ago at the corner of Homecoming Drive and Blue Raider Circle. The partnership will be seeking approval for a ground lease to begin development with the State Building Commission in November. If approved, the community will offer semi-suite and suite-style units with a combination of shared and private bedrooms. Shared amenities will include an entry lounge and lounge space on each floor; a community kitchen and laundry room; private and small group study spaces; and a landscaped courtyard. The development will also include office space. Construction is expected to begin in January 2026 with completion scheduled for fall 2027. The development team includes Smith Gee Studios and SCB. The Annex Group will act as developer, general contractor, facility manager and asset manager for the community, with MTSU providing residence life and leasing services upon completion.

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AcquisitionsKentuckyRetailSoutheast

Berkeley Capital Advisors Negotiates $39M Sale of Westport Village Shopping Center in Louisville

by John Nelson

LOUISVILLE, KY. — Berkeley Capital Advisors has negotiated the sale of Westport Village, a 170,249-square-foot shopping center located at 1315 Herr Lane in Louisville. An affiliate of Richmond-based Hackney Real Estate Partners purchased the center from an affiliate of Savannah, Ga.-based Wicker Park Capital Management LLC for $39 million. David Webb, Alex Quarier and Alex McDonald of Berkeley Capital Advisors represented the seller in the transaction. Situated on 13.4 acres roughly 10 miles west of downtown, Westport Village houses 45 tenants, including Apricot Lane Boutique, Bend and Zen Hot Yoga, BoomBozz Pizza & Watch Party, Deka Lash, F45, North Lime Coffee & Donuts, Q’doba Mexican Grill, Steak & Bourbon, StretchLab, The Comfy Cow, The Wedding Studio, Westport Whiskey & Wine and Wild Eggs, among others.

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Hyatt-Regency-Greenwich
AcquisitionsConnecticutHospitalityNortheast

Trinity Investments Sells Majority Interest in 374-Room Hyatt Regency Greenwich Hotel

by Taylor Williams

GREENWICH, CONN. — Hawaii-based Trinity Investments has sold a majority interest in the 374-room Hyatt Regency Greenwich hotel in southern coastal Connecticut. The percentage was not disclosed. The building served as a printing press for Condé Nast from 1921 to 1967 before being redeveloped into a hotel. Trinity bought the hotel from Hyatt in late 2022 and subsequently implemented a $35 million capital improvement program. Today, the Hyatt Regency Greenwich features an indoor pool, fitness center, salon and 35,000 square feet of meeting and event space. The buyer was an affiliate of Certares Real Estate Management LLC.

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AcquisitionsIndustrialSoutheastTennessee

LRC Properties, Alpaca Real Estate Acquire 246,000 SF Industrial Facility in Smyrna, Tennessee

by John Nelson

SMYRNA, TENN. — A joint venture between New York City-based LRC Properties and private equity firm Alpaca Real Estate has acquired a nearly 246,000-square-foot industrial facility located at 802 Swan Drive in Smyrna, about 16 miles southeast of Nashville International Airport. The seller and sales price were not disclosed. The facility features three demised spaces, 58,377 square feet of which will be delivered vacant and ready for immediate occupancy. LRC Properties will undertake capital improvements at the remaining two spaces, which span 86,586 square feet and 91,669 square feet. The renovations will include demolishing 15,000 square feet of obsolete offices and a connector building to open up and repave the truck court, add new loading docks, install an ESFR sprinkler system and build-out new speculative offices.

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AcquisitionsGeorgiaRestaurantRetailSoutheast

Coro Realty Sells Chick-fil-A-Occupied Restaurant in Atlanta’s Buckhead District

by John Nelson

ATLANTA — Coro Realty has sold a newly constructed restaurant located at 3234 Peachtree Road NE in Atlanta’s Buckhead district. Chick-fil-A occupies the property on a 15-year, corporate-guaranteed ground lease. The buyer and sales price were not disclosed. Chris Bosworth and Matt Karempelis of CBRE brokered the transaction. The 5,200-square-foot restaurant is situated on 1.4 acres near the intersection of Peachtree and Piedmont roads. The Chick-fil-A, which opened in May, serves as an outparcel at Buckhead Place, a mixed-use campus that houses Marshalls, LA Fitness, Five Below, Salon Studios Beauty Mall, Amalfi Pizza and Red Phone Booth. Upcoming components at Buckhead Place include the 20-story Tower on Piedmont apartments, 171-room Hyatt Place hotel, 186-room Hampton Inn hotel and the recently delivered, 291-unit Beverly by Alta apartment community that features a three-story parking deck.

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AcquisitionsKentuckyRetailSoutheast

Marcus & Millichap Brokers $3.6M Sale of Two-Property Retail Portfolio in Bowling Green, Kentucky

by John Nelson

BOWLING GREEN, KY. — Marcus & Millichap has brokered the $3.6 million sale of a two-property Dollar General portfolio in Bowling Green. Each retail property occupies 10,640 square feet on a 15-year corporate guaranteed lease with Dollar General Corp. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, a Kentucky-based developer, in the transaction. The buyer was not disclosed. Grant Fitzgerald was Marcus & Millichap’s broker of record in Kentucky.

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DevelopmentMultifamilyNew JerseyNortheast

Vertical Real Estate Completes 67-Unit Multifamily Project in Northern New Jersey

by Taylor Williams

HO-HO-KUS, N.J. — Vertical Real Estate Capital has completed 619 North, a 67-unit multifamily project located in the Northern New Jersey community of Ho-Ho-Kus. The property offers one- and two-bedroom units and amenities such as a residential lounge, coffee bar, coworking center with private conference rooms, fitness center, sport simulator and a rooftop lounge. Mary Cook Associates handled interior design of the project. Jon Mikula, Max Custer and Michael Donohoe of JLL arranged permanent financing for the project through an undisclosed life insurance company. Rents start at $3,400 per month for a one-bedroom apartment.

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AcquisitionsIndustrialMassachusettsNortheastOffice

Marcus & Millichap Brokers $4.2M Sale of Industrial Flex Building in Sterling, Massachusetts

by Taylor Williams

STERLING, MASS. — Marcus & Millichap has brokered the $4.2 million sale of a 37,000-square-foot industrial flex building in Sterling, about 50 miles west of Boston. The building sits on a 6.6-acre site at 86 Leominster Road and features four loading docks, a drive-in door and 150 parking spaces. Harrison Klein of Marcus & Millichap represented the seller, which will retain occupancy of a portion of the building, in the transaction. Alan Ringuette of The Stubblebine Co. represented the buyer, which will occupy the remainder. Both parties requested anonymity.

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Leasing ActivityNew YorkNortheastOffice

Massumi + Consoli Signs 57,988 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Massumi + Consoli has signed a 57,988-square-foot office lease in the Bryant Park area of Midtown Manhattan. The law firm has committed to three full floors at 1133 Avenue of the Americas, a 45-story, 1.1 million-square-foot building. Jim Schoolfield and Andrew Coe of JLL represented Massumi + Consoli in the lease negotiations.Tom Bow, Rocco Romeo and Nora Caliban represented the landlord, The Durst Organization, on an internal basis.

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