MARYSVILLE, TUKWILA AND KENT, WASH. — Gantry has secured an $11 million permanent loan to refinance a portfolio of Seattle-area industrial properties in Marysville, Tukwila and Kent. Totaling 124,640 square feet, the four-building portfolio is fully leased to multiple tenants. Mike Wood and Tim Brown of Gantry represented the borrower, a private real estate investor. A life insurance company provided the 10-year, fixed-rate loan, which features interest-only payments for the full term.
COLORADO SPRINGS, COLO. — Dwight Capital has provided a $48.3 million HUD 223(f) loan for The Plaza at Pikes Peak, a 215-unit apartment community in Colorado Springs. The refinance qualified for a reduced Green Mortgage Insurance Premium due to the property’s GreenPoint Rated Existing Homes & Multifamily Silver certification. Jonathan Pomper and Jack Tawil of Dwight Capital originated the transaction on behalf of the borrowers, Ryan Dunn of Dunn & Associates and Taylor Turano of Denver Land Co. Completed in 2022, the property comprises a five-story building and a four-story building with a unit mix of 43 studios, 134 one-bedroom and 38 two-bedroom units. Apartments offer smart home technology, quartz countertops, stainless steel appliances and private balconies or patios. Community amenities include a fitness center, swimming pool, hot tub, courtyard with a fire pit, dog park, pet wash, rooftop lounge, yoga and spin studios, storage lockers and coworking spaces.
CORVALLIS, ORE. — TSB Realty has arranged the sale of The Union Corvallis, a 221-bed student housing community located near the Oregon State University campus in Corvallis. Delivered in 2013, the property offers 68 units in a mix of one-, two- and four-bedroom configurations. Shared amenities include a clubhouse with pool and ping pong tables, an outdoor sundeck and grilling area, a resident lounge with a television, study lounge with private study spaces, a computer station and library area. Cardinal Group Cos. acquired the property for an undisclosed price. The seller was not released.
MANTECA, CALIF. — Levin Johnston of Marcus & Millichap has brokered the purchase of Manteca Golf & Tennis Villas, an apartment community in Manteca. The asset traded for $15.6 million. Adam Levin, Robert Johnston and Joshua Velo of Marcus & Millichap’s Levin Johnston represented the undisclosed buyer in the deal. Located at 367 N. Union Road, Manteca Golf & Tennis Villas offers 56 apartments.
SAN FRANCISCO — PSRS has arranged $7.5 million in refinancing for Vista Retail in San Francisco. The four-story, 28,498-square-foot building offers creative office space and ground-floor retail space. The office portion has high ceilings, ample natural light, HVAC and operable windows. Dave Semmer of PSRS secured the nine-year loan, which features a 50 percent loan-to-value ratio and an interest-only term.
LITTLETON, COLO. — CBRE, on behalf of Broe Real Estate Group, has arranged the sale of Mineral Medical Plaza, a Class A medical outpatient building in Littleton. Terms of the transaction were not disclosed. Located at 1501 W. Mineral Ave., the two-story Mineral Medical Plaza offers 39,300 square feet of medical office space, including a multi-speciality surgery center. The property was repositioned in 2020, undergoing extensive renovations to be transformed into an outpatient healthcare center. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett, Jessie Greshin and Blake Holcomb of CBRE represented the seller in the deal.
WOODLAND, WASH. — Trammell Crow Co. (TCC) has broken ground on Woodland Industrial Park, a speculative development in Woodland, approximately 22 miles from Portland, Ore. Slated for delivery by fall 2026, Woodland Industrial Park will feature two buildings offering a total of 931,186 square feet of Class A space being offered for lease or sale. Situated on 66 acres at 345 N. Pekin Road, Woodland Industrial Park will include a 655,094-square-foot cross-dock warehouse with a clear height of 40 feet and 130 trailer parking stalls and a 276,092-square-foot rear-loaded building with a clear height of 36 feet and yard area that can accommodate up to 98 trailer parking stalls. Mackenzie designed the project, while Sierra Construction is serving as general contractor. Capacity Commercial Group is marketing the development.
SAN DIEGO — Holland Partner Group has completed the sale of Folia, an apartment community located at 12520 Camino Del Sur in San Diego, to an undisclosed buyer in an off-market transaction. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller in the transaction. Built in 2024, Folia offers 342 one-, two- and three-bedroom apartments with stainless steel appliances, hardwood floors and in-unit washers/dryers. The community features a resort-style pool and space, a fitness center, resident clubhouse, playground and grilling and picnic areas.
BUENA PARK, CALIF. — Cushman & Wakefield has arranged the sale of two industrial buildings at 6250 and 6270 Caballero Blvd. in Buena Park. AEW sold the assets to Elion for an undisclosed price. Totaling 274,170 square feet, the two buildings offer 24-foot clear heights, 32 dock-high doors, three ground-level doors and 13 rail doors. The properties are situated on 12 acres and offer ample parking and convenient freeway access. Jeff Chiate, Rick Ellison, Matt Leupold, Aubrie Monahan and Jeff Cole of Cushman & Wakefield represented the seller and procured the buyer in the transaction. Brian Share, Rob Rubano, Max Schafer, Brennan Vance, Niki Kretschmann and Jonathan Grotzinger of Cushman & Wakefield arranged financing on behalf of the new ownership.
TEMPE, ARIZ. — Indiana-based Thompson Thrift has broken ground on South Tempe Square, a 27,000-square-foot neighborhood shopping center located in Tempe, roughly 10 miles east of Phoenix. Nearly 75 percent of the property is preleased or under lease negotiations. Tenants who have already signed leases include BURN Total Body Conditioning, Pacific Dental, Look Lab, Luna Grill Restaurant, The Slice House by Tony Gemignani and GoodVets. A 4,500-square-foot restaurant pad and two inline retail spaces are still available for lease. A construction timeline was not disclosed.
