Thursday, July 30, 2026
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MidwestMultifamily

JOHNSON CAPITAL ARRANGES $17.2M FOR APARTMENT COMPLEX

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OLATHE, KAN. — Johnson Capital has arranged a $17.2 million loan for a 227-unit multifamily property in Olathe, about 25 miles south of Kansas City. The borrowers developed Somerset Oaks Apartments, which is located at 813 S. Mur-Len Road, in 1999. Amenities at the complex include a 24-hour fitness center, business center with wireless Internet, clubhouse and a swimming pool with waterfall and wading pool. A life insurance company provided the 25-year, fully amortizing loan. Proceeds of the loan were used to refinance existing debt. Thomas Cohen, principal, and John Schorgl, vice president at the Johnson Capital’s Kansas City office, arranged the loan.

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MidwestMultifamily

ARBOR FUNDS $8.1M LOAN FOR 172-UNIT APARTMENT COMMUNITY

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EAST LANSING, MICH. — Arbor Commercial Mortgage LLC has funded an $8.1 million FHA 223(f) loan for the refinancing of Capitol Villa Apartments, a 172-unit apartment complex in East Lansing. The 35-year loan is self-amortizing. The complex is within walking distance to Michigan State University. Amenities at the complex include an outdoor pool, a fitness center, a computer lab, indoor bike storage, a common laundry facility, a private study room and designated picnic areas with gas grills. Michael Jehle, midwest regional director in Arbor’s Bloomfield Hills, Mich., office, originated the loan.

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IndustrialMidwest

JLL ACQUIRES CAPITAL REALTY IN KANSAS CITY

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KANSAS CITY, MO. — Jones Lang LaSalle (JLL) has entered into an agreement to acquire Capital Realty in Kansas City. Capital Realty specializes in leasing, property management and sales of industrial, office and retail properties and project management and development services. Kevin Wilkerson, president of Capital Realty, will join JLL as managing regional director along with 24 employees from Capital Realty who will add to JLL’s existing team of industrial, office and tenant representation brokers. Wilkerson will lead the industrial team and partner with managing regional director Larry Glaze, who leads the office tenant representation team, to drive growth in the Kansas City market. Jeffrey Kembel and Phillip Algrim, senior vice presidents at Capital Realty, will join JLL as senior vice presidents. Merging operations and adding Capital Realty’s local expertise will strengthen the platform of comprehensive services the global real estate firm provides in the market, according to JLL. Capital Realty currently manages approximately 90 properties totaling 5.4 million square feet across the Kansas City area for regional and local institutional owners.

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IndustrialMidwest

CBRE ARRANGES SALE OF 115,857 SF WAREHOUSE IN METRO INDY

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GREENFIELD, IND. — The Indianapolis office of CBRE has arranged the sale of an 115,857-square-foot light industrial center in Greenfield, a western suburb of Indianapolis. California State Teachers’ Retirement System previously owned the facility, which is located at 315 W. New Road. The buyer, Bastian Development, a division of Bastian Solutions, plans to use the center for a sales and distribution operation to expand its Indianapolis area operations. Mark Writt, a broker in CBRE’s office industrial group, marketed the property and procured the buyer in the transaction.

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NortheastOffice

SKANSKA INVESTS $265M IN NEW OFFICE BUILDING IN BOSTON

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BOSTON — Skanska USA Building is constructing a $265 million, 17-story office building in Boston’s Seaport District. Phase I of 134,514-square-foot development began in July with a completion date set for the fourth quarter of 2015. PricewaterhouseCoopers will occupy 75 percent of the building, which will feature ground-floor retail. The London-based company provides audit and assurance, tax and consulting services. Skanska USA, headquartered in New York City, will build the office property to meet LEED Gold certification standards.

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NortheastOffice

LIBERTY TO DEVELOP 80,050 SF OFFICE BUILDING IN PHILADELPHIA

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PHILADELPHIA — Liberty Property Trust/Synterra Partners has announced it will develop a four-story, 80,050-square-foot office building for Franklin Square Capital Partners in Philadelphia. Franklin Square has signed a long-term lease for the entire building, which is located on 4.4 acres in The Navy Yard Corporate Center. The Class A office building is designed to achieve LEED Gold certification. The new headquarters will include views of Philadelphia’s skyline, a healthy food focused restaurant, a multi-use exercise facility and conference facilities. The building is located at 201 Rouse Blvd.

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IndustrialNortheast

EAGLEBRIDGE ARRANGES $3.8M FOR INDUSTRIAL BUILDING

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WEST BRIDGEWATER, MASS. — EagleBridge Capital has arranged $3.8 million in long-term financing for a solar rooftop installation at One United Drive in West Bridgewater, about 30 miles south of Boston. Tenants at the 315,000-square-foot distribution building include Cheer Pack North America, which occupies 187,500 square feet and Federal Express, which occupies 88,500 square feet. Brian Sheehan and Ted Sidel of EagleBridge arranged the financing. A Massachusetts-based financial institution, acting on behalf of United LLC, provided the loan.

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NortheastOffice

TWO TENANTS SIGN LEASES AT VANTAGE COURT IN SOMERSET

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SOMERSET, N.J. — CBRE Group Inc. has arranged two office lease transactions totaling 7,506 square feet within Vantage Court, a 208,700-square-foot, two-building complex in Somerset. Joseph Sarno, Jeremy Neuer and Frank Foldetta of CBRE represented the owner, The Winter Organization, in both transactions. In the first deal, an insurance provider signed a lease for 4,251 square feet. Robert Shulman and James Scancarella of Cresa represented the tenant in the transaction. In the second transaction, Olsson and Co. LLC signed a 3,140-square-foot lease. Chris Hovanec and Sam Horowitz of DTZ Corporate Real Estate represented the accounting firm, which is relocating from 230 Davidson Ave. in Somerset. The property is located at 200 Cottontail Lane.

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Mixed-UseTexas

CONSTRUCTION OF $100M KINGWOOD PARK TO BEGIN IN SPRING 2014

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HOUSTON — Jefco Development Corp. and Crestwood Realty Group have announced a spring 2014 groundbreaking for the 600,000-square-foot, $100 million Kingwood Parc City Center in northeast Houston. The mixed-use development will include 300,000 square feet of retail space, 250,000 square feet of office space and 300 apartments. Kingwood, a master-planned community of 65,000 residents, currently contains mostly grocery-anchored shopping centers and small strip malls.

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MultifamilyTexas

BERKELEY POINT FINANCES $12.5M DALLAS APARTMENT ACQUISITION

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DALLAS — Berkeley Point Capital has provided Baron Properties with $12.5 million in acquisition financing for the purchase of the Maple Gardens apartment community in Dallas. The acquisition of the 120-unit Class A property is part of Baron’s expansion into the multifamily market of Texas, where the firm has an existing industrial portfolio. The loan, structured under the Fannie Mae DUS program, has a 10-year term with two years of interest-only payments at a fixed rate of 4.33 percent and a 30-year amortization schedule. Jeff Riggs and Scott Fisher of Baron partnered with the American National Insurance Co. on the deal.

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