Thursday, August 13, 2026
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OfficeSoutheast

RALEIGH SKYLINE TO ADD 11-STORY OFFICE BUILDING

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RALEIGH, N.C. — The downtown Raleigh skyline will be adding a new 11-story office building by 2014, with project developers expecting to break ground this fall. According to local reports, the Charter Square project has been stalled since the credit markets froze five years ago. But Raleigh-based developer Dominion Realty Advisors announced it is joining the development team and will help commit equity to the project. Dominion will help lead construction of the first of two towers planned for the site. The new $50 million Charter Square building, located across the street from the Marriott City Center Hotel, will encompass 225,000 square feet. The company has secured four tenants who will occupy about 35,000 square feet. JDavis Architects will serve as the project architect and CBRE is the property leasing agent. A general contractor will be selected this summer.

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OfficeSoutheast

EXXON MOBIL TO SELL 117-ACRE FAIRFAX CAMPUS

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FAIRFAX, VA. — Exxon Mobil Corp. has selected Cassidy Turley to market its 117-acre campus in Fairfax, as it prepares to relocate its local operations to a consolidated site in The Woodlands, a suburb of Houston. The property, located at 3225 Gallows Road, includes five buildings with 1.3 million square feet of office space. The site also includes 1 million square feet of parking structures and 92 acres of undeveloped land.

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OfficeSoutheast

BALLUFF BREAKS GROUND ON NEW U.S. HEADQUARTERS IN KENTUCKY

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INDEPENDENCE, KY. — Balluff Inc., a German automation supplier, is expanding its U.S. headquarters in Independence, located in northern Kentucky. The expansion will add 24 full-time jobs and the company will invest $6 million in the project. The U.S. headquarters now employs more than 150 people and has been based in Independence since 1983. The company expanded twice before, in 1994 and 2001. The company's new 48,000-square-foot building is scheduled for completion in March 2014. The Kentucky Economic Development Finance Authority preliminarily approved tax incentives up to $300,000 for the company through the Kentucky Business Investment program.

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OfficeSoutheast

EXXON MOBIL TO SELL 117-ACRE FAIRFAX CAMPUS

by admin

FAIRFAX, VA. — Exxon Mobil Corp. has selected Cassidy Turley to market its 117-acre campus in Fairfax, as it prepares to relocate its local operations to a consolidated site in The Woodlands, a suburb of Houston. The property, located at 3225 Gallows Road, includes five buildings with 1.3 million square feet of office space. The site also includes 1 million square feet of parking structures and 92 acres of undeveloped land.

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HealthcareMidwest

DEVELOPERS PLAN $30 MILLION MOB IN DETROIT

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DETROIT — Queen Lillian Development has plans to construct the Midtown Professional Building, a $30 million medical office building at the corner of Mack and Woodward avenues in Midtown Detroit. The partnership, which includes developers Jim Jenkins and Chris Jackson, says that a retail tenant, a medical practice and a dental practice have expressed interest in locating to the 75,000-square-foot, five-story facility, which will include a 280-car parking garage. Construction is slated to begin in August.

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IndustrialMidwest

BROWNING BREAKS GROUND ON $15M FACILITY IN COLUMBUS

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COLUMBUS, IND. — Browning Investments Inc. has broken ground on a $15 million, 468,000-square-foot manufacturing and assembly facility for The Phoenix Group in Columbus. The industrial property is located in the Woodside Northwest Park and will include 32-foot high ceilings, energy-efficient fluorescent lighting and an early suppression, fast response sprinkler system. Browning Construction is the Construction Manager. The Phoenix Group, a supply chain management company, expects to employ more than 50 workers at the facility.

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MidwestSeniors Housing

LOVE FUNDING CLOSES $4.7M SENIORS HOUSING REFINANCING

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PORT HURON, MICH. — Love Funding has closed a $4.7 million loan for the refinancing of Porthaven Manor, a 102-unit, independent living community in Port Huron. Bruce Gerhart of Love Funding secured the financing through the U.S. Department of Housing and Urban Development’s 223(f) loan insurance program. Porthaven Manor is an age-restricted apartment community built in 1989 with low-income housing tax credits administered by the Michigan State Housing Development Authority. The refinancing will allow the property’s owners to pay off Boston Financial Institutional Tax Credits, which financed the tax credits.

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IndustrialMidwest

INDUSTRIAL SPRING CO. SIGNS 48,000 SF LEASE IN OHIO

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PIQUA, OHIO — Industrial Spring Co. has signed a lease for 48,600 square feet of space at 9200 Country Club Drive in Piqua, located about 28 miles north of Dayton. With the additional tenant, the industrial property is now fully leased. In its new location at the Scarbrough Industrial Park, Industrial Spring Co. will manufacture garage door springs for manufacturers, distributors and wholesalers. Industrial Property Brokers represented the landlord, John Scarbrough, in the transaction.

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MidwestRetail

HAND & STONE MASSAGE & FACIAL SPA SIGNS 2,700 SF LEASE

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WHEATON, ILL. —Hand & Stone Massage & Facial Spa has signed a 2,700-square-foot lease in Wheaton, located about 25 miles west of Chicago. The spa is set to open mid-summer at its new location in the Danada Square West shopping center, located on the Northwest corner of Butterfield and Naperville roads. United Commercial Realty represented the landlord in the transaction. Allen Joffe of Baum Realty Group represented the tenant.

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MultifamilyNortheast

NORTHMARQ ARRANGES $33.38M IN MULTIFAMILY LOANS

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HUDSON COUNTY, N.J. — NorthMarq’s North New Jersey regional office has arranged $33.8 million in first mortgage refinancing for three affordable housing properties in Hudson County. Eastview Apartments, a 79-unit apartment community located at 58-72 Washington St. in Hoboken, received $15.6 million. New Floral Gardens 1A, a 91-unit property located at 2515-2517 Cottage Ave. in North Bergen, received $8.9 million. Park View East Apartments, a 71-unit apartment community located at 4300 Park Ave. in Weehawken, received $8.8 million. Financing for the transactions was based on a 10-year term and a 30-year amortization schedule. NorthMarq arranged this financing through a local bank.

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