Property Type

Barclay Group Buys Kiley Ranch Marketplace in Nevada for $25.6M, Plans 400,000 SF Retail Power Center

by Amy Works April 11, 2025

SPARKS, NEV. — Barclay Group has purchased Kiley Ranch Marketplace, a 46.7-acre parcel at the southwest corner of Wingfield Hills Road and Pyramid Highway in Sparks for $25.6 million. The buyer plans to develop a 400,000-square-foot retail power center on the site. The development will be the first new retail power center in Sparks since 2005. Shawn Smith and Sean Retzloff of Kidder Mathews represented the buyer and seller, KM2 Development, in the transaction. Additionally, the team will handle leasing for the project.

April 11, 2025

Acquisitions Colorado Multifamily Western

Inland Real Estate Divests of 252-Unit Solaire Apartments in Brighton, Colorado

by Amy Works April 11, 2025

BRIGHTON, COLO. — Inland Real Estate Investment Corp. has completed the sale of Solaire Apartments, a multifamily community located at 1287 S. 8th Ave. in Brighton. Terms of the transaction were not released. Constructed in 2013, Solaire Apartments offers 252 residences spread across 11 three-story buildings. The community features a clubhouse, 24-hour fitness center, pool with hot tub and lounge area, outdoor barbecue grilling stations, a fire pit, dog park and playground area. At the time of sale, the property was 96.4 percent occupied. Inland Private Capital Corp. originally acquired Solaire Apartments in November 2016 on behalf of Brighton Multifamily DST. The recent sale resulted in a realized net equity multiple to investors of 1.6x.

April 11, 2025

Development Florida Industrial Loans Southeast

JLL Arranges $25.8M Construction Financing for Speculative Industrial Project in Metro Tampa

by John Nelson April 11, 2025

SAN ANTONIO, FLA. — JLL Capital Markets has arranged $25.8 million in construction financing for Phase I of Park 52 Logistics North, a 299,030-square-foot speculative industrial project in the metro Tampa . Melissa Rose, Michael DiCosimo, Justin Ratcliffe and Nicole Barba of JLL arranged the three-year, floating-rate construction loan on behalf of the borrower, McCraney Property Co. Scheduled for completion in November, the 78-acre project will comprise three rear-load buildings ranging from 80,745 square feet to 130,865 square feet. Additionally, each building will feature four drive-in doors and car parking spaces and 24- to 30-foot clear heights, as well as suite sizes that can accommodate up to 46,000 square feet. Located with direct frontage along State Road 52 in San Antonio, Park 52 Logistics North is adjacent to the 965-acre Double Branch master-planned mixed-use community, which is expected to generate $600 million in economic impact, according to JLL.

April 11, 2025

Acquisitions Colorado Industrial Retail Western

Malman Real Estate Brokers Sale of 5,200 SF Flex Property in Leadville, Colorado

by Amy Works April 11, 2025

LEADVILLE, COLO. — Malman Real Estate has arranged the purchase of a 5,200-square-foot flex retail and industrial building located at 331 Highway 24 in Leadville. 331HIGHWAY24 LLC, a Wyoming limited liability company, acquired the asset from NAK Property 4 LLC, a Colorado limited liability company, for $1 million. Taylor Roy of Malman Real Estate represented the buyer, while Kory Pryor of 23 Realty Advisors represented the seller in the deal.

April 11, 2025

Acquisitions Industrial North Carolina Southeast

Cushman & Wakefield Brokers $17.5M Sale of Industrial Portfolio in Laurel Hill, North Carolina

by John Nelson April 11, 2025

LAUREL HILL, N.C. — Cushman & Wakefield has brokered the $17.5 million sale of a two-property industrial portfolio in Laurel Hill. Situated at 18300 and 18400 Fieldcrest Road, the property is within 100 miles of the Port of Wilmington and is fully leased to High Life LLC, an apparel manufacturer based in New York City. The buildings total 203,196 square feet and 356,201 square feet, respectively. Parsons Commercial Group Inc. purchased the portfolio. Rob Cochran and Bill Harrison of Cushman & Wakefield represented the seller, a joint venture between Edgewater Ventures and Singerman Real Estate, in the transaction. Edgewater and Singerman originally acquired the properties in December 2021 for $11.5 million, a deal that Fermin Deoca and Matt Treble of Cushman & Wakefield brokered.

April 11, 2025

Development Leasing Activity Maryland Restaurant Retail Southeast

Greenberg Gibbons Opens 15,000 SF Retail Building at Reisterstown Shopping Center in Maryland

by John Nelson April 11, 2025

REISTERSTOWN, MD. — Greenberg Gibbons has opened a new retail building totaling 15,000 square feet at Reisterstown Shopping Center, a 167,212-square-foot shopping center located in the Baltimore suburb of Reisterstown. The retail building includes an 11,076-square-foot renovated Advance Auto Parts, which is now open. Two additional tenants at the building — Jersey Mike’s Subs and Quickway Japanese Hibachi — will open this fall. Existing tenants at Reisterstown Shopping Center include Lidl, Big Lots, Walgreens, Planet Fitness, Starbucks Coffee, Chick-fil-A, Bank of America, Wells Fargo and Dollar Tree. Since acquiring the property, Greenberg Gibbons has invested $30 million in upgrades and renovations.

April 11, 2025

Connecticut Development Multifamily Northeast Student Housing

Landmark, Peninsula to Develop 738-Bed Student Housing Project in Storrs, Connecticut

by Taylor Williams April 11, 2025

STORRS, CONN. — A partnership between Georgia-based developer Landmark Properties and Miami-based private equity real estate firm Peninsula Investments will develop The Mark Mansfield, a 738-bed student housing project in Storrs, home of the University of Connecticut. The 1.5-acre site at 134 N. Eagleville Road is adjacent to campus. Information on specific floor plans and amenities was not disclosed, but The Mark Mansfield’s residences will be fully furnished residences with high-end finishes. In addition, the property will house approximately 7,000 square feet of retail space that will be occupied by Huskies Tavern, which is currently located onsite. A construction timeline was also not disclosed.

April 11, 2025

Affordable Housing Loans Massachusetts Multifamily Northeast

MassHousing Provides $10.6M in Financing for Metro Boston Affordable Housing Project

by Taylor Williams April 11, 2025

CHELSEA, MASS. — MassHousing has provided $10.6 million in financing for 375 Broadway, a 62-unit affordable housing project in Chelsea, a northeastern suburb of Boston. The financing consists of $7.7 million in permanent financing and $2.9 million in workforce housing financing. The developer, a partnership between Arx Urban and Boston Communities, will construct a 43-unit building from the ground up and rehabilitate a 19-building. Units will come in studio, one-, two- and three-bedroom floor plans and will feature a range of income restrictions. Construction is expected to be complete by the end of 2026.

April 11, 2025

Acquisitions Industrial Midwest Minnesota

PCCP, Capital Partners Acquire 382,635 SF Industrial Building in Brooklyn Park, Minnesota

by Kristin Harlow April 11, 2025

BROOKLYN PARK, MINN. — A joint venture between PCCP LLC and Capital Partners has acquired 9001 Wyoming, a 382,635-square-foot industrial building in the Minneapolis suburb of Brooklyn Park. Built in 2000 and situated on a 24.8-acre site, the property features a clear height of 32 feet, 229 car parking spaces and 115 trailer parking spaces. Amazon fully occupies the facility. The transaction marks PCCP’s sixth joint venture with Capital Partners, a local owner and operator of more than 14 million square feet of industrial product. The seller and sales price were undisclosed.

April 11, 2025

Development Hospitality Kansas Midwest

Price Brothers Breaks Ground on 99-Room Holiday Inn Express Hotel at Bluhawk Development in Kansas

by Kristin Harlow April 11, 2025

OVERLAND PARK, KAN. — Price Brothers has broken ground on a 99-room Holiday Inn Express hotel at the Bluhawk mixed-use development in Overland Park, a suburb of Kansas City. The project marks the first of three planned hotels within The Boundary, a retail and lifestyle center. The hotel is scheduled for completion in spring 2026 in time to welcome guests for the FIFA World Cup. Additionally, Barnes & Noble and J. Crew Factory are scheduled to open at The Boundary this summer.

April 11, 2025

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