English

rebusinessonline.com

Thursday, May 30

17

Tennessee State University, Cobblestone to Break Ground on 719-Bed Residence Hall

rebusinessonline.com

NASHVILLE, TENN. — Tennessee State University is set to break ground on a 719-bed residence hall development located across from the university’s campus in Nashville. Dubbed Cobblestone Village Residence, the community will be developed…

Affinius Capital Originates $70M Refinancing for Multifamily Community in Miami

rebusinessonline.com

MIAMI — Affinius Capital LLC has originated a $70 million loan for the refinancing of Modera Skylar, a 263-unit apartment community in Miami. The borrower is a joint venture between Rockwood Capital and Mill Creek Residential. The property…

Scannell Properties Sells New Distribution Center in Savannah for $50.8M

rebusinessonline.com

SAVANNAH, GA. — Scannell Properties has sold Rockingham Farms Building 10, a newly built, 413,230-square-foot bulk distribution center located at 101 Feldspar Drive in Savannah. DWS purchased the facility for $50.8 million. Britton…

MacKenzie Signs US Cabinet Depot to 194,400 SF Industrial Lease in Richmond

rebusinessonline.com

RICHMOND, VA. — MacKenzie Investment Group has signed Georgia-based U.S. Cabinet Depot, a supplier of kitchen and bathroom cabinetry, to a 194,400-square-foot industrial lease within North Richmond Industrial Park. The two-building park is…

JLL Arranges 26,000 SF Lease at Silo Bend Office Park in Tampa

rebusinessonline.com

TAMPA, FLA. — JLL has arranged a 26,000-square-foot lease at Silo Bend Office Park, a 650,000-square-foot office development located at 150-182 Kelsey Lane in Tampa. Design firm KCI Technologies is the tenant and will be relocating from…

16

CEDARst Cos., Bridge Investment Group Break Ground on $112M Flat Arts District Multifamily Development in Las Vegas

rebusinessonline.com

LAS VEGAS — A joint venture between CEDARst Cos. and Bridge Investment Group has broken ground on Flats Arts District, a $112 million multifamily project on 2.2 acres in Las Vegas. Constructed is slated to take 24 months, with delivery of…

Crow Holdings Breaks Ground on 511,000 SF Industrial Project in East Dallas

rebusinessonline.com

DALLAS — Crow Holdings Development has broken ground on Core30 Logistics Center, a 511,000-square-foot industrial project in East Dallas. The site at 5323 Lawnview Ave. is located about five miles east of the downtown area, and the…

GMH Communities Plans 1 MSF Central Station Mixed-Use Project in Phoenix

rebusinessonline.com

PHOENIX — GMH Communities has unveiled plans for Central Station, a 1 million-square-foot, mixed-use, transit-oriented community in Phoenix. The project will consist of two residential towers that will offer market-rate, student and…

Largo Capital Arranges $10M in Financing for West Texas, Oklahoma City Hotels

rebusinessonline.com

BROWNWOOD, TEXAS AND OKLAHOMA CITY — Largo Capital, a financial intermediary based in Upstate New York, has arranged $10 million in financing for a pair of hotels in Texas and Oklahoma. The undisclosed borrower used the proceeds to…

Ziegler Brokers Sale of Bethesda Senior Living Community in Grand Junction, Colorado

rebusinessonline.com

GRAND JUNCTION, COLO. — Ziegler has acted as exclusive financial advisor to Bethesda Senior Living on the sale of an assisted living community located in Grand Junction, near the Utah border. Bethesda Senior Living is a faith-based,…

NAI Robert Lynn Brokers Sale of 105,763 SF Warehouse in Grand Prairie, Texas

rebusinessonline.com

GRAND PRAIRIE, TEXAS — NAI Robert Lynn has brokered the sale of a 105,763-square-foot warehouse in the central metroplex city of Grand Prairie. According to LoopNet Inc., the property at 1010 E. Avenue J was built on 8.2 acres in 1968,…

CBRE Arranges $44M Refinancing for Queen Creek Commerce Center in Chandler, Arizona

rebusinessonline.com

CHANDLER, ARIZ. — CBRE has secured $44 million in refinancing for Queen Creek Commerce Center, an industrial complex at 555 E. Queen Creek Road in Chandler. Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim…

Marcus & Millichap Brokers Sale of 15,377 SF Office Property in Centennial, Colorado

rebusinessonline.com

CENTENNIAL, COLO. — Marcus & Millichap has arranged the $1.9 million sale of The Office at Yosemite, an office building in Centennial, just south of Denver. Brandon Kramer and Chadd Nelson of Marcus & Millichap represented the seller, a…

EQT Exeter Acquires 5 MSF Minneapolis Industrial Portfolio from Prologis

rebusinessonline.com

MINNEAPOLIS — EQT Exeter has acquired 20 industrial properties in metro Minneapolis from Prologis for an undisclosed price. EQT Exeter Industrial Value Fund VI was utilized for the acquisition. EQT Exeter plans to acquire an additional…

JT Magen Completes First Retail Store for Wayfair in Wilmette, Illinois

rebusinessonline.com

WILMETTE, ILL. — JT Magen has completed a 150,000-square-foot, two-story retail store for Wayfair at Edens Plaza in the Chicago suburb of Wilmette. Opened on May 23, the project marks the first large-format store for the e-commerce home…

HOK Plans for New Office Space in Downtown St. Louis

rebusinessonline.com

ST. LOUIS — Global design, architecture, engineering and planning firm HOK has unveiled plans to remain in downtown St. Louis once its lease expires in August 2025. The firm will keep its St. Louis office and 170 employees downtown. HOK…

Bradford Negotiates 16,936 SF Lease for Basketball Training Facility in Coppell, Texas

rebusinessonline.com

COPPELL, TEXAS — Bradford Commercial Real Estate Services has negotiated a 16,936-square-foot lease in Coppell, located in the northern-central part of the metroplex, for Ellis Elite Basketball Academy, which is backed by former NBA player…

Origin Investments Launches Origin Exchange Investment Program Focused on 1031 Exchanges

rebusinessonline.com

CHICAGO — Chicago-based Origin Investments, a multifamily investment manager, is launching a new investment program named Origin Exchange. According to Origin, the program enables qualified 1031 exchange investors to realize significant…

Blue Bell Creameries Opens 16,000 SF Distribution Facility in St. Peters, Missouri

rebusinessonline.com

ST. PETERS, MO. — Blue Bell Creameries has opened a new 16,000-square-foot distribution facility in St. Peters, a western suburb of St. Louis. Integrated Facility Services completed a design-build fire protection project to design, procure…

Furniture Marketing Group to Open New Showroom in San Antonio’s Pearl District

rebusinessonline.com

SAN ANTONIO — Furniture Marketing Group will open a new showroom in San Antonio’s Pearl District. The address and square footage of the new showroom were not disclosed. The opening is slated for October. The showroom will be the seventh…

Incyte Buys Two Office Buildings Totaling 517,307 SF in Wilmington, Delaware

rebusinessonline.com

WILMINGTON, DEL. — Incyte, a biopharmaceutical company focused on developing treatments for cancer and other autoimmune diseases, has purchased two office buildings totaling 517,307 square feet in downtown Wilmington. The buildings, which…

JLL Brokers Sale of 251,200 SF Industrial Property in Middletown, Pennsylvania

rebusinessonline.com

MIDDLETOWN, PA. — JLL has brokered the sale of Middletown Logistics Center, a 251,200-square-foot industrial property located just south of Harrisburg. The property was built in 2021-2022 and features a clear height of 36 feet, an ESFR…

Atlantic Capital Partners Arranges $41M Sale of Metro Boston Office Campus

rebusinessonline.com

CHESTNUT HILL, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $41 million sale of The Landing at Chestnut Hill, an office campus located about six miles south of downtown Boston. The Landing at Chestnut Hill…

Cushman & Wakefield Negotiates 12,847 SF Office Lease Renewal in Manhattan’s Plaza District

rebusinessonline.com

NEW YORK CITY — Cushman & Wakefield has negotiated a 12,847-square-foot office lease renewal in Manhattan’s Plaza District. The building at 600 Lexington Ave. rises 36 stories and spans 305,472 square feet. Harry Blair, Connor Daugstrup…

New Museum Signs 5,850 SF Office Lease in Lower Manhattan

rebusinessonline.com

NEW YORK CITY — New Museum, an institution devoted to contemporary art, has signed a 5,850-square-foot office lease at 250 Bowery in Lower Manhattan. The space will house the museum’s administrative offices during its temporary closure,…

Wednesday, May 29

18

Walker & Dunlop Secures $78.6M Refinancing for Ann Street Lofts Apartments in Savannah

rebusinessonline.com

SAVANNAH, GA. — Walker & Dunlop has arranged a $78.6 million bridge loan for the refinancing of Ann Street Lofts, a six-story multifamily community located at 111 Ann St. in Savannah’s Historic District. Keith Kurland, Aaron Appel,…

T.J. Maxx, HomeGoods to Open at Beaufort Station Shopping Center in Coastal South Carolina

rebusinessonline.com

BEAUFORT, S.C. — National retailers T.J. Maxx and HomeGoods are set to open new stores at Beaufort Station, a 200,000-square-foot shopping center coming on line in the Hilton Head suburb of Beaufort. Both brands are set to open tomorrow.…

Atapco, Ausblick Purchase 124-Acre Industrial Development Site in Suffolk, Virginia

rebusinessonline.com

SUFFOLK, VA. — A joint venture between Atapco Properties Inc. and Ausblick Development has purchased 124 acres within Virginia Port Logistics Park, a 932-acre industrial campus located in the Hampton Roads city of Suffolk. Situated about…

CBRE Arranges $45.9M Acquisition Financing for Preston Apartments in McDonough, Georgia

rebusinessonline.com

MCDONOUGH, GA. — CBRE has arranged $45.9 million in acquisition financing for The Preston, a 334-unit apartment community located at 100 Preston Creek Drive in McDonough, a southeast suburb of Atlanta. Blake Cohen and Charlie Clark of CBRE…

17

Marcus & Millichap Brokers Sale of 182-Unit Self-Storage Facility in Metro Nashville

rebusinessonline.com

LEBANON, TENN. — Marcus & Millichap has brokered the sale of Leeville Pike Storage, a 182-unit self-storage facility located at 6000 Leeville Pike in Lebanon, about 20 miles east of Nashville via I-40. The gated property was built in 2015…