National News

Cronheim Mortgage finances two shopping centers in Arizona and Florida

Palm City, FL Cronheim Mortgage has arranged $15.1 million in permanent financing for two retail properties. The 10-year financing amortizes over 30 years. Allison Villamagna, Dev Morris, David Poncia, and Andrew Stewart represented the borrower. The two properties total 109,188 square feet.

Scheer and Kaufman of Cleeman Realty Group sell 198,085 s/f Wilmington Plaza

Wilmington, OH Cleeman Realty Group brokered the off-market sale of Wilmington Plaza. The 198,085 s/f shopping center is anchored by a s Kroger grocery store and was 83% occupied at the time of closing. The property is on a 24.06-acre site off Rombach Ave.

JLL Capital Markets closes sale of 164,701 s/f distribution/warehouse facility in Shakopee

Shakopee, MN JLL Capital Markets closed the sale of a 164,701 s/f, single-tenant distribution and warehouse facility fully leased to Logistics Insight Corp. in the Minneapolis suburb.

Sagamore Ventures and Goldman Sachs Asset Management expand The Port of Covington development team

Baltimore, MD Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management (Goldman Sachs) said that an addition to the development and investment team for Port Covington that brings together two of the leading woman-owned

Meshel rejoins CBL Properties as senior vice president-redevelopment

Chattanooga, TN Jon Meshel has rejoined CBL Properties (CBL) as senior vice president – redevelopment after spending the last three years overseeing mixed-used redevelopments at Centennial. Prior to joining Centennial in 2019, he spent 20 years at CBL working on all aspects of regional

G.S. Wilcox & Co. arranges $13 million loan for Bergen County Industrial

Allendale, NJ G.S. Wilcox & Co. has secured $13 million in financing for a warehouse building. The financing, arranged by Gretchen Wilcox, president, Albert Raymond, principal, and Bridget

Cleeman Realty Group brokers the $5.6 million off-market sale of a free-standing Food Lion in Greensboro

Greensboro, NC Cleeman Realty Group negotiated the $5.6 million off-market sale of a free-standing Food Lion grocery store. The subject property features stoplight access, visibility and is location at the intersection of Cottage Place and Lawndale Dr. which see a combined average

Cronheim arranges $74m in debt & equity for Nashville 463-unit multifamily/82,000 s/f office acquisition

Nashville, TN Cronheim Mortgage arranged $74 million in total debt and equity capital to facilitate the acquisition, renovation, and repositioning of a portfolio of 463 units across 5 apartments communities and an 82,000 s/f office building. Andrew Stewart

JLL Capital Markets arranges $52m loan for Longpoint Realty Partners to acquire Van Nuys Industrial Park

Newport Beach, CA JLL Capital Markets has arranged $52 million in acquisition financing for Van Nuys Industrial Park, a fully leased, value-add, business park comprising four buildings totaling 84,346 s/f and two land parcels.

Building Beyond Boston: 30 Years In The Carolinas For Griffin Electric

Holliston, MA A electrical subcontractor throughout New England and the Southeast, Wayne J. Griffin Electric, Inc. (Griffin Electric) has delivered high quality results in a range of markets for over four decades