Saturday, February 7, 2026
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Mount-Laurel-Cold-Storage
DevelopmentIndustrialNew JerseyNortheast

BentallGreenOak, RL Cold Break Ground on 215,766 SF Cold Storage Project in Mount Laurel, New Jersey

by Taylor Williams

MOUNT LAUREL, N.J. —  A joint venture between institutional investment firm BentallGreenOak and RL Cold has broken ground on a 215,766-square-foot cold storage project in Mount Laurel, an eastern suburb of Philadelphia. Greek Design|Build, an affiliate of regional owner-operator Greek Real Estate Partners, is handling construction of the project, which is being developed on a speculative basis. The facility will feature four variable compartments that can accommodate temperatures ranging from minus 10 to 55 degrees Fahrenheit, as well as a food inspection area, 27 dock positions, 5,000 square feet of mezzanine storage space and office space. A tentative completion date was not disclosed.

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GeorgiaLoansMultifamilySoutheast

Berkadia Secures $24.4M Agency Refinancing for River Walk Savannah Apartments

by John Nelson

SAVANNAH, GA. — Berkadia has secured a $24.4 million loan for the refinancing of River Walk Savannah, a 220-unit apartment community located at 101 Saint George Blvd. in Savannah. Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins and Hugo Hernandez of Berkadia arranged the Freddie Mac Loan on behalf of the borrower, Vantage Point Acquisitions, a real estate private equity firm. The loan features a five-year term and a fixed interest rate. Built in 1988, River Walk Savannah features one- and two-bedroom apartments, as well as a clubhouse, gated access, pickleball court, pet park, swimming pool and a fitness center.

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AcquisitionsRetailSoutheastTennessee

Marcus & Millichap Brokers Sale of 40,085 SF Retail Center in Newport, Tennessee

by John Nelson

NEWPORT, TENN. — Marcus & Millichap has brokered the sale of Five Rivers Plaza, a 40,085-square-foot retail center located on 8.3 acres at 140 Five Rivers Plaza Way in Newport, a suburb of Knoxville. Zach Taylor and Eric Abbott of Marcus & Millichap’s Atlanta office represented the seller, a local developer, in the transaction. The duo also sourced the buyer, a private 1031 investor based in Nashville. Both parties requested anonymity. Additionally, Jody McKibben, Marcus & Millichap’s broker of record in Tennessee, assisted in closing the transaction. “We received a tremendous amount of interest in this property,” says Taylor. “The unanchored service retail sector remains the gold standard. We closed all-cash with a private buyer.” Built in 1983 and renovated in 2023, Five Rivers Plaza was 77 percent leased at the time of sale to 11 tenants, including newly established Family Dollar and Dollar Tree stores.

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District of ColumbiaLeasing ActivityOfficeSoutheast

CBRE Negotiates Office Lease at 1050 17th Street in DC

by John Nelson

WASHINGTON, D.C. — CBRE has negotiated a 7,282-square-foot office lease at 1050 17th Street, a trophy 11-story office building in Washington, D.C. Randy Harrell, Lara Nealon, Joe Coleman and Brittany Gosnell of CBRE represented the landlord, Hines, in the lease negotiations. Tucker Farman of JLL represented the tenant, Allsteel, a manufacturer of workplace furnishings and products. The LEED Gold-certified office building features a fitness center, 100-person multipurpose conference center and a lounge on the second floor. Other tenants at the 154,000-square-foot property include Davis Polk and Dweck Properties.

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CivicDevelopmentNew YorkNortheast

Westchester County Approves $35M Bond Financing for Renovations at Sarah Lawrence College

by Taylor Williams

YONKERS, N.Y. — The Westchester County Local Development Corp. has approved $35 million in tax-exempt bond financing to fund various renovations at Sarah Lawrence College in Yonkers. The 44-acre liberal arts school was founded as a women’s learning institution in 1926 but became coeducational in 1968. The financing will cover renovation and rehabilitation of The Siegel Building, the performing arts center, the Bates Building and various athletic facilities. Proceeds would also be used to purchase and renovate the building at 8 Oak Bend, as well as to upgrade campus-wide information technology hardware, infrastructure, machinery, equipment and other items of personal property.

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Leasing ActivityNew YorkNortheastOffice

StubHub Subleases 100,000 SF of Office Space in Lower Manhattan

by Taylor Williams

NEW YORK CITY — StubHub has subleased 100,000 square feet of office space at 4 World Trade Center in Lower Manhattan. The live event ticket marketplace operator, which signed a 44,000-square-foot office lease at 3 World Trade Center for its new headquarters in 2023, will take immediate occupancy of one floor and occupancy of two other floors at a later date. Scott Bogetti, Kirill Azovtsev, Michael Bertini, Brad Wolk and Will Joumas of Savills represented Stubhub in the sublease negotiations. Sheena Gohil of Colliers represented the undisclosed sublessor. Silverstein Properties owns the building.

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AcquisitionsConnecticutNortheastRetail

O,R&L Commercial Negotiates $7.2M Sale of Shopping Center in Branford, Connecticut

by Taylor Williams

BRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has negotiated the $7.2 million sale of Lockworks Square, a 35,600-square-foot shopping center in Branford, located in southern coastal Connecticut. The four-building center is located in the downtown area and is home to tenants such as SaltBrick Prime, Lockworks Tavern, Cheri’s Bakery, Digestive Disease Associates, Physical Therapy & Sports Medicine Centers and Branford Tech Team. Will Braun of O,R&L represented the seller and buyer, both of which requested anonymity, in the transaction.

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Paragon-at-Old-Town-Monrovia-CA
AcquisitionsCaliforniaMultifamilyWestern

IPA Brokers $87.2M Sale of Paragon at Old Town Multifamily Property in Monrovia, California

by Amy Works

MONROVIA, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Paragon at Old Town, an apartment community in Monrovia, northeast of Los Angeles. Sequoia Equities sold the asset to SCS Development Co. for $87.2 million, or $535,276 per unit. Paragon at Old Town features 163 apartments in six floor plans with units ranging from 744 square feet to 1,247 square feet, a resident lounge, fitness center, game room, and elliptical swimming pool and spa with private cabanas, outdoor lounges and courtyards. The 6,077-square-foot ground-floor retail space offers four suites that are fully occupied by The UPS Store, eateries and a sporting goods store. Joseph Grabiec, Kevin Green and Gregory Harris of IPA represented the seller and procured the buyer in the deal.

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KV-Buckeye-10-Buckeye-AZ
AcquisitionsArizonaIndustrialWestern

MDH Partners Buys 249,600 SF KV Buckeye 10 Industrial Park in Buckeye, Arizona for $51M

by Amy Works

BUCKEYE, ARIZ. — MDH Partners has acquired KV Buckeye 10, a two-building industrial property located at 835 and 945 N. 215th Ave. in the Phoenix suburb of Buckeye, from Kentwood Ventures for $51 million. Situated on 18.8 acres, KV Buckeye 10 features 249,600 square feet of Class A industrial space spread across two buildings. Built in 2023, the asset feature 535 car parking spaces and 28-foot clear heights. Building A is 115,200 square feet and Building B is 134,400 square feet, with each building offering 12 truck-well doors and six grade-level doors. Currently KV Buckeye 10 is 60 percent leased to a variety of tenants, including the City of Buckeye; Hajoca, a privately held wholesale distributors of plumbing, heating and cooling, pool and industrial supplies; Safelite, a national automotive glass repair and replacement provider; and AVI, an international provider of communications and audio-visual technology. Greer Oliver and Connor Nebeker-Hay of JLL represented the seller in the deal. John Lydon, Hagen Hyatt and Kelly Royle of JLL are handling leasing for the project.

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Overlook-Apts-Johnstown-CO
ColoradoDevelopmentLoansMultifamilyWestern

PCCP Provides $41M Senior Loan for the Development of 210-Unit Overlook Apartments in Johnstown, Colorado

by Amy Works

JOHNSTOWN, COLO. — PCCP has provided a $41 million senior loan to Journey Homes for the construction of Overlook Apartments, a garden-style multifamily community located at 2530 Bearberry Lane in Johnstown, just south of Fort Collins. Construction is underway with completion slated for first-quarter 2025. Situated on 16 acres, Overlook Apartments will feature 210 one-, two- and three-bedroom units spread across 10 residential buildings. The community will offer a clubhouse, fitness center, resort-style pool, coworking lounge, resident lounge, children’s playground and picnic areas with outdoor firepits and grills.

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