Friday, August 14, 2026
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RetailSoutheast

BLUE RIDGE ACQUIRES TWO VALUE-ADD RETAIL CENTERS IN METRO ATLANTA

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BUFORD, GA. — Blue Ridge Capital LLC has acquired two value-add retail centers in Buford, approximately a half-mile from I-985 along Lanier Islands Parkway, for $2.5 million. The sale included the 23,750-square-foot Friendship Village, a neighborhood center that includes tenants such as All Eyes Vision, Lanier Dental and La Cazuela, a Mexican restaurant. The second property is the 23,450-square-foot Shoppes at Friendship, with tenants such as Subway, Vinny's New York Pizza and Ark Veterinary Hospital. State Farm also finalized a 1,050-square-foot lease at the property at the close of the deal. Blue Ridge plans to renovate the properties, which were approximately 60 percent vacant at the time of sale.

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MidwestMixed-Use

DEVELOPERS, MAYOR BREAK GROUND ON $45.6M MIXED-USE PROJECT IN CHICAGO

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CHICAGO — Developers and Chicago Mayor Rahm Emanuel held a groundbreaking ceremony Tuesday for the $45.6 million Shops and Lofts project in the Bronzeville neighborhood of Chicago. The three-acre development, which is located at 47th Street and Cottage Grove Avenue, includes a new five-story, 72-unit apartment building with 55,000 square feet of retail; two new six-flats; a new nine-flat; and a rehabilitated three-flat; along with parking for residents and visitors. A Walmart Neighborhood Market will occupy most of the retail space, which is being developed by Skilken and Troy Enterprises. The Community Builders Inc. will develop the residential component, comprised of 44 affordable, 28 public housing and 24 market-rate apartments.

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HealthcareMidwest

MCCARTHY BREAKS GROUND ON $28M MERCY/CENTERRE REHAB HOSPITAL IN SPRINGFIELD

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SPRINGFIELD, MO. — McCarthy has broken ground on a $28 million rehabilitation hospital for Mercy and Centerre Healthcare . The 63,000-square-foot, two-story rehab hospital is located across the street from the Mercy Orthopedic Hospital Springfield site in Springfield. Mercy Rehabilitation Hospital Springfield will include 60 beds and provide inpatient rehabilitation for patients who are recovering from strokes, brain or spinal cord injuries, amputations, complex orthopedic injuries and other conditions. Construction is slated for completion in early 2014. Indianapolis-based Duke Realty Corp. will own the building. Nashville, Tenn.-based Earl Swensson Associates, Inc. is the project architect. Mercy Rehabilitation Hospital Springfield is a partnership between Mercy and Centerre Healthcare Corp.

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MidwestRetail

PARAGON ACQUIRES FORMER WICKES FURNITURE BUILDING IN BATAVIA, ILL.

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BATAVIA, ILL.— Paragon Real Estate has purchased the 42,500-square-foot former Wickes Furniture building in Batavia, a suburb of Chicago. The Oak Brook, Ill.-based developer has also executed a lease for the property, located at 165 N. Randall Road, with Art Van Furniture. The location is one of several that Warren, Mich.-based Art Van Furniture plans to open in the Chicago area in 2013. The furniture retailer, which operates 36 stores throughout Michigan, plans to take occupancy of the freestanding building this summer. The building is shadow-anchored by a Target and a new Chick-fil-A, which opened adjacent to the property in February. Michael Havdala and Brenton Schrader of Chicago-based HSA Commercial Real Estate represented the seller, US Bank, in the transaction. Stan Bobowski and Chris Bobowski, of Naperville, Ill.-based Bobowski Commercial Real Estate represented the tenant, Art Van Furniture.

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MidwestRetail

MCKINLEY NAMES COLLIERS LEASING AGENT FOR GREEN OAK VILLAGE PLACE

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BRIGHTON, MICH. – McKinley Inc. has named Colliers International the leasing agent for Green Oak Village Place in Brighton, Mich. The 315,000-square-foot retail property site is located alongside U.S. Route 23, just south of I-96. Jim Chaconas and Brendan Cavender of Colliers International Ann Arbor have listed the available retail spaces.

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MultifamilyNortheast

UOB EAGLE ROCK ACQUIRES CLEMENS PLACE APARTMENTS FOR $29.5M

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HARTFORD, CONN. — UOB Eagle Rock Multifamily Property Fund LP has acquired Clemens Place Apartments, a 597-unit multifamily complex in Hartford, for $29.5 million. The revitalized 1920s-style community includes 595 apartments and two commercial spaces in 42 renovated buildings, 31 of which are on the National Register of Historic Places. The property is located at 160 Owen St., about one block from I-84. Steve Witten and Victor Nolletti of Institutional Property Advisors represented the seller, Intown West Associates Limited Partnership and Westtown LLC, in the transaction.

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IndustrialNortheast

HUDSON REALTY CAPITAL FUNDS $17M LOAN IN BROOKLYN

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NEW YORK CITY — Hudson Realty Capital LLC has funded a $17 million first mortgage loan secured by a three-story, vacant industrial loft building in the DUMBO (Down Under the Manhattan Bridge Overpass) section of Brooklyn. In addition to utilizing loan proceeds to acquire the 81,805-square-foot building and establish reserves, the undisclosed borrower has also secured a $2.5 million upsize option from Hudson, contingent upon obtaining certain NYC Landmarks Preservation Commission approvals. The borrower plans to convert and reposition the former factory, built in 1913, for multifamily use. The borrower is seeking landmark approvals to alter the façade and add additional floors. Located on Water Street, between Jay Street and Bridge, the building is situated within the historic Brooklyn waterfront district.

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Mixed-UseNortheast

NSI INDUSTRIES SELLS 33,000 SF FACILITY IN MOUNT VERNON FOR $2.3M

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MOUNT VERNON, N.Y. — NSI Industries has sold a 33,000-square-foot office and manufacturing building located at 1 and 2 Grove St. and 60 and 120 S. Terrace Ave. in Mount Vernon, about 20 miles north of New York City, for $2.3 million. The buyer, Michael Anthony Holdings Inc., purchased the property as an investment. NSI Industries will lease the building back for a defined period of time. The building includes concrete floors, masonry and brick walls, ceiling heights up to 16 feet, a sprinkler system and approximately 10,000 square feet of recently updated office/engineering space. Jim Panczykowski of Binswanger’s New Haven, Conn. office handled the transaction.

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NortheastOffice

HOULIHAN-PARNES REALTORS ACQUIRES OFFICE BUILDING FOR $2M IN NEW YORK

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HAWTHORNE, N.Y. — Houlihan-Parnes Realtors LLC has purchased the Skyline Plaza office building, located at 37 and 37A Saw Mill River Road in Hawthorne, for $2 million. The office property includes a 20,575-square-foot, three-story building built in 1984 and an attached 2,608-square-foot, two-story building. Together, the two buildings include 12 tenant spaces and 86 parking spaces. The property was 50 percent occupied at the time of sale. Craig Weitz and Jerry Houlihan of Houlihan-Parnes Realtors negotiated the purchase of the property from a local bank, which also provided financing with a five-year mortgage.

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Seniors HousingTexas

WEIS BUILDERS COMPLETES $28M SENIORS HOUSING REDEVELOPMENT

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BRYAN, TEXAS — Dallas-based Weis Builders has completed the $28 million redevelopment project for Crestview, a 242,000-square-foot seniors housing property in Bryan. Crestview was originally an independent living community but is now considered a continuing care retirement community, which provides independent living, assisted living, memory care and skilled nursing services. The community includes several dining options, libraries, sitting rooms, beauty salons/spas, activity rooms, community kitchens, a chapel, outdoor pool and fitness center.

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