COEUR D’ALENE AND SANDPOINT, IDAHO — Gantry has secured a total of $21.2 million in two permanent loans to refinance maturing debt for a pair of medical office buildings in Coeur d’Alene and Sandpoint. The financing included a $9.7 million loan for a 38,000-square-foot property located at 423 N. Third Ave. in Sandpoint and an $11.5 million loan for a 60,000-square-foot facility at 1919 Lincoln Way in Coeur d’Alene. Both assets feature outpatient and family medicine providers tied to local hospital systems. Demetri Koston and Abi Hunter of Gantry’s Inland Northwest production team represented the single borrower, a private real estate investor, for both loans. The five-year, fixed-rate loans were provided by a single pension fund lender from Gantry’s roster of debt sources and include prepayment flexibility after a 30-year amortization.
Property Type
GARDNER, KAN. — Colorado-based developer Acclivity Capital is building Clare Crossing, a 58-acre mixed-use project in Gardner. Block & Co. Inc. Realtors is handling retail leasing. Plans call for drive-thru and sit-down restaurants, small-shop and multi-tenant retail and complementary uses such as truck stops, gas stations, hotels, medical offices, automotive services and financial institutions. All pad sites are available for lease, sale or build-to-suit. Mill Creek Residential Trust LLC will develop the residential component of Clare Crossing. Plans call for a 247-unit build-to-rent townhome community featuring two-, three- and four-bedroom residences with private entrances and attached garages. Homes will average 1,727 square feet. Amenities will include a pool, clubhouse, fitness studio, landscaped courtyards, controlled-access guest technology and high-speed internet service. Additional project partners include All Pro Capital LLC and Arvest Bank. Grant Summers and Daniel Brocato of Block & Co. are the retail leasing agents.
CHICAGO — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided a $58.5 million first mortgage loan for the acquisition and lease-up of 175 West Jackson Boulevard, a 22-story office building totaling more than 1.4 million square feet in Chicago’s Central Loop. The property also includes a 240-space parking garage. The loan was structured with $33.5 million initial advance at closing, with an additional $25 million reserved as a “good news” facility to fund future accretive leasing costs. A joint venture between 601W Cos. and David Werner Real Estate Investments was the buyer. The financing facilitated the acquisition at a significantly reset basis, reflecting an approximately 85 percent discount to the property’s prior purchase price by Brookfield, according to Northwind. The building has undergone extensive renovations and modernization, with over $24 million of capital improvements completed by prior ownership, including a new amenity center and rooftop space on the 22nd floor.
BLOOMINGTON, IND. — Kentucky-based Kaden Cos. has acquired Eastland Plaza, a 125,000-square-foot shopping center in Bloomington, for $22.4 million. Situated adjacent from College Mall on 12 acres, the property is home to anchor tenants Petco, DSW, Dollar Tree and Rally House. Additional tenants include Jimmy John’s, McAlister’s Deli, Noodles & Co. and Domino’s Pizza. The center was 80 percent leased at the time of sale. Rebecca Wells of Cushman & Wakefield represented the seller, an entity doing business as Eastland Plaza LLC.
MINNEAPOLIS — Marcus & Millichap has negotiated the $2.6 million sale of Santiago Apartments, a 23-unit multifamily property in Minneapolis. The asset is located at 516 University Ave. SE in the St. Anthony Main/Marcy-Holmes neighborhood near the Minneapolis riverfront and the University of Minnesota. Built in 1923, the property includes a mix of studio, one- and two-bedroom floor plans across 11,394 rentable square feet. Abe Roberts and Michael Jacobs of Marcus & Millichap represented the seller, MBR Investments, and procured the buyer, an entity related to Irving Properties.
INDIANAPOLIS — Indianapolis-based mall owner Simon Property Group (NYSE: SPG) has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according to Eli Simon, the company’s chief operating officer. He says the redevelopment projects will mimic the recently completed transformation of Southdale Center in Minneapolis. The Mall at Green Hills will undergo a complete transformation and exterior revitalization featuring two-story flagship entrances, jewel-box spaces for luxury boutiques, new landscaping and “elevated arrival moments.” The interior will receive upscale finishes and architectural enhancements. The 1 million-square-foot mall opened in 1955 under the moniker Green Hills Village. Cherry Creek Shopping Center will receive modernized flagship spaces, refined architectural updates and upgraded storefronts. The enclosed mall, which officially opened in 1990, dates back to the 1950s when it was an open-air mall. …
SAN MARCOS, TEXAS — Z Modular has received a $62.3 million bridge loan for the refinancing of Flatz 512, a 384-unit multifamily property located roughly midway between Austin and San Antonio in San Marcos. A partnership between New York-based Castle Lanterra and global investment management firm InterVest Capital Partners provided the loan. The newly constructed property offers studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, business center, clubhouse and outdoor grilling and dining stations.
HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has acquired a 198,290-square-foot, 13-acre industrial park in East Houston. Fidelity Road Industrial Park consists of three buildings that were originally constructed in 1980 and were leased to two tenants at the time of sale. Travis Land negotiated the deal for Partners on an internal basis. The seller was not disclosed. SouthState Bank provided acquisition financing for the deal.
FORT WORTH, TEXAS — Local brokerage firm LanCarte Commercial has arranged the sale of M&W Business Park, a 64,600-square-foot, small-bay industrial property in Fort Worth. Built in 2018 on the city’s northeast side, M&W Business Park comprises six buildings that were fully leased at the time of sale. Finn Wilson led the LanCarte team that represented the buyer, Transtar, in the transaction. The seller and sales price were not disclosed.
DALLAS — Leap Applied Behavioral Services has signed an 11,196-square-foot lease in southwest Dallas. According to LoopNet Inc., the building at 5510–5520 S. Westmoreland Road was constructed in 1985 and totals 20,357 square feet. Jason Gibbons of Finial Group represented the landlord in the lease negotiations on an internal basis. George Ndegwa of AARE Real Estate represented the tenant.