Friday, November 6, 2026
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DevelopmentFloridaLoansMultifamilySoutheast

Madison Capital Arranges Equity for $84M Multifamily Development Underway in North Miami, Florida

by John Nelson

NORTH MIAMI, FLA. — Madison Capital Group has arranged preferred equity financing for Urbania NoMi 125th, an $84 million luxury multifamily development in North Miami. The equity source was not released. The developers of the 12-story, 195-unit community include Continua Development and Oldtown Capital Partners. Construction is underway and the development is expected to come on line in 2026. Amenities at Urbania NoMi 125th will include a pool, fitness center, media lounge, outdoor gathering spaces and ground-level retail space.

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DevelopmentMixed-UseSouth CarolinaSoutheast

Pinckney, Coldwell Banker Unveil Plans for 34-Acre Mixed-Use Development in Johns Island, South Carolina

by John Nelson

JOHNS ISLAND, S.C. — Pinckney Partners and Coldwell Banker Commercial Atlantic have unveiled plans for South Island Market, a 34-acre mixed-use project under development on Johns Island, about 13 miles south of Charleston. The project will span 82,000 square feet across eight buildings, which will be designated for retailers, restaurants, service-based tenants and office space. The development will also include 79 luxury townhomes built by Fort Washington, Pa.-based Toll Brothers, along with 16 acres of open space. Buddy Darby and Charles Darby of Pinckney Partners are the lead developers of South Island Market. Hannah Kamba and Tim Rowley of Coldwell Banker are the development’s listing agents.

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AcquisitionsOfficeSoutheastTennessee

Avison Young Negotiates $4.5M Sale of Boutique Office Building in Nashville

by John Nelson

NASHVILLE, TENN. — Avison Young has negotiated the $4.5 million sale of a 7,203-square-foot boutique office building located at 107 Kenner Ave. in Nashville. Mike Jacobs, Lisa Maki and Jordan Powell of Avison Young represented the seller, Jim Jacobs of SilverPine Investments and Chapman Capital, in the transaction. Crews Johnson of Cushman & Wakefield represented the buyer, an accounting firm that will occupy the office building. The two-story property features two conferences rooms, three work rooms, collaborative spaces, a break room, reception area and 23 parking spaces. The freestanding property was built in 1979, according to LoopNet Inc.

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AcquisitionsIndianaMidwestRetail

Mid-America Arranges Sale of 182,051 SF Shopping Center in Fort Wayne, Indiana

by Kristin Harlow

FORT WAYNE, IND. — Mid-America Real Estate Corp. has arranged the sale of Covington Plaza, a 182,051-square-foot shopping center in Fort Wayne. Anchor tenants include The Fresh Market, Office Depot, Planet Fitness and The Woodhouse Day Spa. Other tenants include Pet Supplies Plus, Tequila Mexican Cantina, Cap n’ Cork, Christopher James Menswear and Catablu Grille. Ben Wineman, Joe Girardi, Rick Drogosz and Eric Geskermann of Mid-America represented the seller, Broad Reach Retail Partners. Charleston, S.C.-based Ziff Real Estate Partners was the buyer.

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AcquisitionsIllinoisMidwestMultifamily

Marcus & Millichap Brokers $7.9M Sale of Chicago Multifamily Portfolio

by Kristin Harlow

CHICAGO — Marcus & Millichap has brokered the $7.9 million sale of a six-property, 38-unit multifamily portfolio in Chicago’s Noble Square neighborhood. The assets are located at 1516 N. Greenview Ave., 1452 N. Greenview Ave., 1350 N. Greenview Ave., 1302 N. Cleaver St., 1362 W. Crystal St. and 1049 N. Marshfield Ave. The properties feature a mix of one-, two- and three-bedroom units, many of which have been recently renovated. The portfolio also includes 10 income-producing garage spaces. Tyler Preissing and James Ziegler of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a local investment group.

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AcquisitionsDevelopmentIllinoisLee & AssociatesMidwestMultifamily

Lee & Associates Negotiates $6.5M Sale of Multifamily Development Site in South Elgin, Illinois

by Kristin Harlow

SOUTH ELGIN, ILL. — Lee & Associates of Illinois has negotiated the $6.5 million sale of 84.4 acres of residential land at 325 Umbdenstock Road in South Elgin. John Cassidy, Jay Farnam and Ken Franzese of Lee & Associates represented the seller, Spohr Family Trust. The buyer, Lennar/CalAtlantic Group LLC, was self-represented. The site was previously marketed for an industrial use for more than a decade, according to Farnam. Lee & Associates secured a residential home builder to purchase the site and worked with the village on a land entitlement and approval process.

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AcquisitionsGeorgiaNet LeaseRestaurantRetailSoutheast

Marcus & Millichap Brokers $2.7M Sale of New Restaurant in Metro Atlanta Leased to Whataburger

by John Nelson

ACWORTH, GA. — Marcus & Millichap has brokered the $2.7 million sale of a newly built restaurant located at 3558 Cobb Parkway NW in Acworth, a northwest suburb of Atlanta. Whataburger occupies the freestanding restaurant, which features a double drive-thru, on a new 15-year corporate ground lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, an unnamed developer based in Georgia, in the transaction. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap procured the unnamed buyer. The 3,318-square-foot Whataburger restaurant was delivered in April and is adjacent to a Walmart Super Center and Super Target.

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AcquisitionsHealthcareIllinoisMidwestOffice

Greenstone Partners Arranges $6.1M Sale of Medical Office Building in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Greenstone Partners has arranged the $6.1 million sale of 1952 McDowell Road, a 55,000-square-foot medical and office building in the Chicago suburb of Naperville. The anchor tenant is Advanced Behavioral Health Services, which occupies the entire third floor and recently extended its lease through 2029. The asset was 86 percent leased at the time of sale. Jason St. John and AJ Patel of Greenstone represented the seller, a Naperville-based office operator. An outside broker represented the buyer, a local investor.

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LoansMichiganMidwestOffice

Bernard Financial Group Secures $1.5M Refinancing for Michigan Office Property

by Kristin Harlow

PLYMOUTH TOWNSHIP, MICH. — Bernard Financial Group (BFG) has secured a $1.5 million loan for the refinancing of a 53,314-square-foot office property in Plymouth Township. Adam Ferguson of BFG arranged the loan on behalf of the borrower, Plymouth Commerce Center LP. A life insurance company provided the loan.

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AcquisitionsConnecticutHealthcareNortheast

Chozick Realty Negotiates $10.5M Sale of Connecticut Medical Office Portfolio

by Taylor Williams

HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $10.5 million sale of a portfolio of three medical office properties totaling 94,400 square feet in Connecticut. The portfolio comprises the two-building, 66,000-square-foot Twin Ponds Office Centre in Tolland; Windham Professional Park, a two-building, 16,400-square-foot complex in Windham; and Ledgebrook North, a 12,000-square-foot, three-building property in Mansfield. Tom Boyle of Chozick represented the undisclosed seller in the deal.

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