Montana

Brinkman Real Estate Buys 180-Unit Apartment Community in Kalispell, Montana

by Amy Works June 30, 2025

KALISPELL, MONT. — Brinkman Real Estate has acquired The Meridian Apartments, a Class A multifamily property in Kalispell. Terms of the transaction were not disclosed. The company’s capital markets team, in partnership with Greystone’s debt team led by Tim Wright, executed a Fannie Mae loan assumption and simultaneously closed on a supplemental loan. Built in 2023, The Meridian offers 180 studio, one- and two-bedroom apartments with quartz countertops, stainless steel appliances and vinyl plank flooring and keyless entry. Community amenities include a basketball court, an outdoor grill and picnic area, a dog park and onsite leasing and maintenance. Brinkman plans to implement an improvement program including the addition of in-unit laundry facilities, fencing for first-floor studios and upgrades to the dog park and shared outdoor areas. Entrust Property Solutions will provide operational management services for the property.

June 30, 2025

Development Montana Multifamily Western

Clarion, Wentworth to Develop 162-Unit Multifamily Community in Bozeman, Montana

by Amy Works June 25, 2025

BOZEMAN, MONT. — Clarion Partners and Wentworth Property Co. will develop Highmark, a townhome and apartment community in Bozeman. Situated on 8 acres in a Qualified Opportunity Zone (QOZ) in the South University District master-planned neighborhood, Highmark will feature 162 units. Completion is slated for late 2025, with leasing scheduled to begin in April. Highmark will offer a variety of units ranging from single-bedroom apartments to three-story townhomes with 10-foot ceilings, modern kitchens with quartz countertops and stainless steel appliances, wood-vinyl flooring, ample storage, full-size washers/dryers and individual yards and balconies for the townhomes. Community amenities will include a clubroom, fitness center, package locker room, outdoor gathering area, hot tub, dog park, pet spa and more than 300 parking spaces.

June 25, 2025

Development Leasing Activity Montana Retail Western

Grossman Development Signs Eight New Tenants to Join $100M Gallatin Valley Mall Redevelopment Project in Bozeman, Montana

by Amy Works June 4, 2025

BOZEMAN, MONT. — Grossman Development Group has signed eight new tenants to join Gallatin Valley Mall, a 315,000-square-foot regional shopping center undergoing redevelopment in Bozeman. New retailers at the $100 million multi-phase project, which will be called Gallatin Crossing, include Arhaus, lululemon, Pandora, Sephora, Anthropologie, Free People, Lovesac and Madewell. The mixed-use project’s 45,000-square-foot Medical Pavilion, which houses Intermountain Health, Ortho Montana and Gallatin Valley Surgery Center, opened in August 2024, while High Street, an outdoor retail experience, is set to open in summer 2025. Other tenants at the property include Macy’s, Barnes & Noble, Gallatin Valley Cinemas and Whole Foods Market. Additionally, interior upgrades to the existing shopping center include new lighting, carpet and refreshed common areas. Gallatin Mall Group, in partnership with Grossman Development Group, Boston Realty Advisors and The Broadway Co., is leading the project.

June 4, 2025

Development Montana Retail Western

Kraus-Anderson Starts Construction on 400 Horses Casino in Polson, Montana

by Amy Works May 13, 2025

POLSON, MONT. — Kraus-Anderson has begun construction on 400 Horses Casino, formerly West Polson Casino, a new gaming facility in Polson. The casino will be built on tribal land by S&K Gaming (Salish & Kootenai). Designed by LSE Architects, the project will feature a 34,227-square-foot, family-friendly casino with 300 gaming machines and space for future expansions. Additionally, the casino will include a restaurant and 400 parking spaces. Construction is slated for completion this summer.

May 13, 2025

Acquisitions Industrial Montana Self-Storage Western

Marcus & Millichap Arranges Sale of 266-Unit Self-Storage Facility in Butte, Montana

by Amy Works April 14, 2025

BUTTE, MONT. — The LeClaire-Schlosser Group of Marcus & Millichap has brokered the sale of Grand Storage, a self-storage facility in Butte. An owner-operator acquired the 33,980-square-foot asset from a regional self-storage owner and developer for an undisclosed price. Built in 2004 and expanded in 2023, Grand Storage offers 266 units on 3.4 acres. Onsite amenities include electronic gated entry with a digital keypad and automatic gate at the exit, a manufactured house with office and one-bedroom apartment, metal roll-up doors and security monitoring with 24/7 video surveillance throughout the facility. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller and procured the buyer in the deal.

April 14, 2025

Loans Montana Multifamily Western

Gantry Secures $10.5M Loan for Multifamily Community in Montana

by Amy Works January 10, 2025

KALISPELL, MONT. — Gantry has secured a $10.5 million permanent loan to retire construction debt from the development of the second phase for The Landings on Two Mile, an apartment community in Kalispell. Located at 110, 112, 114 and 118 Teton St., the second phase features 72 one-, two- and three-bedroom floor plans. Demetri Koston of Gantry’s Spokane, Wash., office represented the borrower, a private real estate investor, in the financing. The 12-year, fixed-rate loan was secured from an agency lender with an upfront interest-only period transitioning to 30-year amortization. In 2021, Gantry provided a $16.4 million permanent loan for the property’s 108-unit first phase.

January 10, 2025

Loans Montana Retail Western

Wood Investments Secures $20.3M Refinancing for Shopping Center in Helena, Montana

by Amy Works November 7, 2024

HELENA, MONT. — Wood Investments Cos. has secured a $20.3 million permanent loan from Wells Fargo for Helena Skyway Regional Shopping Center. Situated at 2005 Cromwell Dixon Lane, Helena Skyway Regional offers 164,121 square feet of retail space. Current tenants include T.J. Maxx, Ulta Beauty and Hobby Lobby. Sierra Trading Post and Chick-fil-A recently signed leases to occupy space at the property, bringing the asset to 100 percent occupancy.

November 7, 2024

Development Hospitality Montana Western

Rimrock Cos. Develops First Extended Stay America Premier Suites Hotel in Montana

by Amy Works October 16, 2024

BELGRADE, MONT. — Rimrock Cos. has developed the first Extended Stay America-branded hotel in Montana. Located at 101 Abby St. in Belgrade, the four-story Extended Stay America Premier Suites Belgrade – Bozeman – Yellowstone Airport offers 124 guest rooms and convenient access to the area’s top attractions and businesses. The hotel features free Wi-Fi, complimentary breakfast, premium cable, a 24-hour fitness room, on-site guest laundry, a dedicated pet area, and a grill and picnic area, as well as the Extended Stay America Premier Suites’ signature lobby with vending options. Each suite includes signature bedding, recliner, workspace and a fully equipped kitchen with a full-size refrigerator, microwaves, stovetops, cookware, utensils and dishes. Hotel Management & Consulting will manage the hotel.

October 16, 2024

Acquisitions Montana Retail Western

SSG, Hanley Broker Sale of 69,909 SF Westwood Plaza Shopping Center in Great Falls, Montana

by Amy Works August 8, 2024

GREAT FALLS, MONT. — SSG Realty Partners and Hanley Investment Group Real Estate Advisors have arranged the sale of Westwood Plaza, a regional shopping center in Great Falls. A Michigan-based private investor sold the asset to an East Coast-based private investment firm for an undisclosed price. Greg Swedelson and Jon-Eric Greene of SSG Realty Partners, Bill Asher and Beau Velten of Hanley Investment Group and Scott Reid of ParaSell Inc. represented the seller, while the buyer was self-represented in the transaction. Built in 2017, Westwood Plaza features 69,909 square feet of fully occupied retail space. Current tenants include TJ Maxx, Staples, Dollar Tree, ULTA Beauty and Mattress Firm. The asset is located at 135-209 Northwest Bypass.

August 8, 2024

Development Industrial Mixed-Use Montana Office Retail Western

Venture West Development Underway on 196-Acre Jackrabbit Crossing Mixed-Use Project Near Bozeman, Montana

by Amy Works July 24, 2024

BELGRADE, MONT. — Venture West Development is underway on Jackrabbit Crossing, a 196-acre mixed-use project in Belgrade, roughly 10 miles northwest of Bozeman. Rosauers Supermarkets, which recently signed a long-term lease, will anchor the property. Plans for the development, which is located three miles from the Bozeman Yellowstone International Airport, also include a proposed 53,000-square-foot Amazon distribution center.

July 24, 2024

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