National News

G.S. Wilcox & Co. sources $16 million for ShopRite anchored center

Flemington, NJ G.S. Wilcox & Co. has arranged $16 million in financing for a ShopRite anchored shopping center. The financing was secured by Wesley Wilcox, partner, and Albert Raymond, principal. A non-disclosed life insurance company provided the loan on a 10-year term

Urban Edges signs 85 Degree Bakery at Hanover Commons

East Hanover, NJ Urban Edge Properties signed 85 Degree Bakery Cafe, a Taiwan-based bakery café, to a lease at Hanover Commons. The bakery is planning to open in 2024. The 3,507 s/f space will be the second East Coast location for the chain.

American Ladder Institute offers new Top Cap sponsorship for 2024 campaign

Cleveland, OH The American Ladder Institute (ALI) is seeking sponsors for next year’s National Ladder Safety Month. New for 2024, the enhanced Top Cap sponsor becomes a leading voice on ladder safety at work and at home. The sponsorship is a valuable brand

GTIS Partners expands $1 billion industrial portfolio with acquisition of land for development of a warehouse in Dallas

Dallas, TX GTIS Partners (GTIS), a global real estate investment firm managing $4.5 billion in gross assets with a U.S. focus on residential and industrial/logistics investments, made known the fee simple acquisition of a 17-acre site to develop

TruAmerica plans $86 million build-for-rent development in South Carolina

Inman, SC TruAmerica Multifamily acquired a 33-acre site and plans to develop Hartley View, an $86 million build-for-rent (BFR) community. The land acquisition sets the stage for TruAmerica’s first BFR development, which will encompass 281 units

Beaulieu and Le join Red Oak Capital Holdings

Charlotte, NC Red Oak Capital Holdings, LLC has taken one more step in its strategic national growth plan with the addition of two new team members. Dylan Beaulieu will serve as manager of investor operations, while Chau Le takes on the role of senior accounting associate.

Worth Avenue Capital provides $500,000 loan to Florida investor/developer for condominium construction project

West Palm Beach, FL Worth Avenue Capital, LLC (WAC) closed a $500,000 “follow on” debt offering to a Palm Beach, Florida based real estate developer/investor. The loan proceeds are being used as additional working capital towards the completion of the

Franklin Street arranges 26,940 s/f lease of single-tenant building in Sunshine Industrial Park

Clearwater, FL Franklin Street negotiated the lease of a 26,940 s/f single tenant building with one acre of industrial outdoor storage. The property is located in Sunshine Industrial Park, an 83-acre industrial park spanning 219,000 s/f.

Kelly and Dutton of Franklin Street broker 20,000 s/f lease to White Cap, LP at Sunshine Industrial Park

Clearwater, FL Franklin Street negotiated the lease of a 20,000 s/f indoor building space coupled with 1.5 acres of industrial outdoor storage at Sunshine Industrial Park. Franklin Street’s office and industrial services team

JLL Capital Markets arranges $16.65 million refinancing for West Palm Beach office

West Palm Beach, FL JLL Capital Markets has arranged a $16.65 million refinancing for Courthouse Commons, a fully leased office building totaling 85,660 s/f