Thursday, June 11, 2026
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North CarolinaRetailSoutheast

Time Equities Inc. Buys 379,630 SF Shopping Center in Metro Charlotte

by John Nelson

MONROE, N.C. — Time Equities Inc. (TEI) has purchased Monroe Crossing Shopping Center, a 379,630-square-foot shopping center located at 2107-2133 W. Roosevelt Blvd. in Monroe, 25 miles southeast of Charlotte. The property’s tenant roster includes Belk’s flagship store, JC Penney, Sears, Hibbett Sports, Shoe Carnival, Buffalo Wild Wings and Planet Fitness. Cushman & Wakefield | Thalhimer represented the seller, Madison Marquette, in the transaction. TEI was represented internally by Ami Ziff and Jonathan Kim.

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1515-Avenue-S-Grand-Prairie
IndustrialTexas

Teledrift Expands to 24,830 SF in Metro Dallas

by Haisten Willis

GRAND PRAIRIE, TEXAS — Teledrift Inc. has renewed and expanded its lease of its base operations in the Great Southwest Industrial District. The Oklahoma City-based company, a supplier for the oil and gas industry, has signed an early renewal for 10,346 square feet at 1515 Ave. S. and leased an additional 14,484 square feet at 1555 Ave. S., both in Grand Prairie. The two leases are co-terminus. The space is located inside the 126,307-square-foot Westfork Business Center, a three-building industrial flex project with access to Texas 161 and I-30. Matt Trozzo and Hugh Herman of Cushman & Wakefield’s Houston office represented the tenant.

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MultifamilyTexas

Connor Group Purchases Apartment Complex in Metro Dallas

by Haisten Willis

ADDISON, TEXAS — The Connor Group has purchased Villages of Addison, a 264-unit, Class A apartment complex located in the north Dallas suburb of Addison. Unit amenities at the Villages of Addison include stainless steel appliances, hardwood flooring, granite kitchen counter tops and a full-size washer and dryer in each unit. Community amenities include a clubhouse with a business center and game lounge, two swimming pools, private cabanas, a 24-hour gym, sauna, outdoor kitchen and grill. The purchase of this property is Connor Group’s ninth and final property acquisition of 2014. The Connor Group owns and operates apartment communities in Atlanta, Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Dayton, Nashville and Raleigh-Durham.

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LoansMultifamilyTexas

BMC Capital Provides $1.7M Loan for Apartment Complex in Dallas

by Haisten Willis

DALLAS, TEXAS — BMC Capital’s Dallas office has provided a $1.7 million purchase loan for Parkway Garden Apartments in Dallas. The seven-year loan includes a 70 percent loan-to-value ratio with a 4.37 percent fixed interest rate and a 25-year amortization schedule. The loan was arranged through one of BMC Capital’s correspondent banking relationships.

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IllinoisMidwestMixed-UseMultifamily

Essex Realty Group Brokers $2.7M Sale of 26,815 SF Building in Chicago

by Danielle Everson

CHICAGO — Essex Realty Group Inc. has arranged the $2.7 million sale of a 26,815-square-foot building in Chicago. The property is located at 932-40 W. Dakin St. and formerly served as a heavy timber warehouse building. The E.R. Moore Co., a manufacturer of caps and gowns used for graduation and choir ceremonies, built the building in 1914. The property spans three floors and features high ceilings and hardwood floors on the second and third floors. The space is ideal for a ground-up new residential development of loft-style apartments or condominiums. Essex Realty Group’s Jim Darrow and Jordan Gottlieb represented the undisclosed seller and Doug Fisher represented the undisclosed buyer.

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MidwestMissouriOffice

Lee & Associates Brokers $2.7M Sale of 18,500 SF Office Building

by Danielle Everson

LEE’S SUMMIT, MO. — Lee & Associates has brokered the $2.7 million sale of an 18,500-square-foot office building in Lee’s Summit. The property is located at 3350 Ralph Powell Road. Jon England and Nathan Anderson of Lee & Associates’ Kansas City office represented the seller, MJB of Missouri LLC. Valley Oaks Investments LLC, a private investment company, purchased the multi-tenant property.

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LoansMichiganMidwestRetail

Bernard Financial Arranges $1.6M Loan for Retail Property in Bingham Farms, Mich.

by Danielle Everson

BINGHAM FARMS, MICH. — Bernard Financial Group has arranged a $1.6 million loan for Bingham Retail, an 8,999-square-foot retail property in Bingham Farms. The property is located on an outlot of an 815,539-square-foot, five-building office park. Dave Dismondy of Bernard Financial originated the loan for the borrower, Bingham Retail LLC. The lender, Stancorp Mortgage Investors, LLC is an exclusive correspondent of Bernard Financial.

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MidwestRetailWisconsin

The Boulder Group Arranges $1.3M Sale of KinderCare Property

by Danielle Everson

DE PERE, WIS. — The Boulder Group has arranged the $1.3 million sale of a single-tenant KinderCare property in De Pere, a suburb of Green Bay. The net-leased property is located at 1553 Arcadian Lane. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based real estate fund. A family office from the West Coast purchased the property. KinderCare has operated at this location since 1999 and recently elected to execute an early lease extension. KinderCare is a for-profit childcare provider operating more than 1,600 locations.

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Southtown-Flats
MultifamilyTexas

Amstar, Transwestern to Build Apartments in San Antonio

by Haisten Willis

SAN ANTONIO — Amstar has acquired a 2.3-acre development site in San Antonio. The company, along with its development partner Transwestern Development Co., will construct a 229-unit apartment building on the site. The infill development, known as Southtown Flats, will begin construction in January of 2015 with the first units scheduled for completion in early 2016. Southtown Flats will be located at 111 Probandt St. near many local restaurants, bars and shopping destinations. Amenities include a pool with outdoor kitchens and cabanas, bicycle storage rooms, roof deck, grilling stations, clubhouse, gym and a yoga studio.

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LoansMultifamilyTexas

Dougherty Arranges $3.2M Loan for Townhomes in Metro Dallas

by Haisten Willis

WYLIE, TEXAS — Dougherty Mortgage LLC has arranged a $3.2 million Fannie Mae loan for the acquisition of Trails Place Townhomes, a 62-unit market rate multifamily housing property located in Wylie. The 10-year loan includes one year of interest-only payments and a 30-year amortization schedule. The loan was arranged by Dougherty’s Dallas office on behalf of the borrower, 3515 North Story IBAN LLC. Old Capital provided the loan.

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