NEW YORK CITY — Marcus & Millichap has brokered the $7 million sale of a 3,965-square-foot mixed-use building in Manhattan’s West Village. The building at 304 Bleecker St. consists of four newly renovated, market-rate apartments and a 1,550-square-foot retail space that is leased to Joe & the Juice. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, HUBB NYC, in the transaction and procured the buyer, a private investor.
MIAMI — Los Angeles-based CIM Group, through its CIM Real Estate Debt Solutions business, has provided a $154 million loan for the refinancing of 2 and 3 MiamiCentral, two adjacent office towers in downtown Miami. Eastdil Secured arranged the financing on behalf of the borrower, Blackstone, which acquired the office towers in 2021. Built in 2018, 2 and 3 MiamiCentral span 17 and 12 stories, respectively, and total approximately 339,000 square feet of commercial space, including a Publix grocery store. Amenities include wellness and fitness facilities, an outdoor roof deck, private work lounges and conferencing space, concierge services, valet parking and secure access to 1,357 structured parking spaces. In addition to owning 2 and 3 MiamiCentral, Blackstone is also an office tenant. The towers anchor MiamiCentral, a mixed-use development adjacent to the MiamiCentral Station transit hub that includes more than 800 luxury residential units, an 18,000-square-foot food hall, a Starbucks and Chick-fil-A.
CENTERVILLE, OHIO — Oberer Cos. has completed the final retail strip center within The Cornerstone of Centerville North, Shoppes at Cornerstone IV, officially marking the full build-out of the mixed-use development in the Dayton suburb of Centerville. The center, totaling 10,098 square feet, represents the final phase of a multi-year development transforming the Wilmington Pike and Feedwire Road corridor. The strip center is fully leased to tenants such as Chicken Salad Chick, Body Par Pilates and Mi Cozumel. Construction began on The Cornerstone of Centerville North in 2014. Oberer expects to break ground this summer on The Cornerstone of Centerville South, a 72-acre mixed-use development located on the south side of I-675.
GAITHERSBURG, MD. — WRS Inc., a retail and mixed-use development firm based in Charleston, S.C., has broken ground on the $1.2 billion redevelopment of Lakeforest Mall, a 102-acre shopping mall in Gaithersburg that shuttered in 2023. Situated in the northern arch of the Washington, D.C., suburbs, the multi-phase project will transform 1.1 million square feet of obsolete retail space and parking lots into a walkable “mini-city” that will be master-planned on a grid of walkable streets and public amenities. “This is more than just a construction project; it is the rebirth of a community anchor,” says Kevin Rogers, principal of WRS. “We are proud to deliver a project that honors the legacy of Lakeforest while looking firmly toward the future of Gaithersburg.” Hallmarks of the new mixed-use village will include: Phase I of the redevelopment’s infrastructure, which comprises demolition of the mall, installation of storm drain systems and establishment of road networks on the site, is now underway. WRS plans to begin vertical construction on the first residential and retail blocks of the development shortly after these initiatives are complete. WRS began purchasing Lakeforest Mall beginning in 2019. In 2022, the firm obtained acquisition and construction financing from PCCP for the …
RANDOLPH, N.J. — Cushman & Wakefield has brokered the $4.5 million sale of a mixed-use development site in the Northern New Jersey community of Randolph. The site at 1192 Sussex Turnpike is approved for 25 townhomes, as well as a mixed-use building that will feature 4,055 square feet of retail space on the ground floor and 10 apartments on the second and third floors. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, an entity doing business as Ludiro Inc., in the transaction and procured the buyer, OES Properties.
SUMMERVILLE, S.C. — Charlotte-based Stone City Capital will develop Seamist Commons, a 68-acre mixed-use development located in the Charleston suburb of Summerville. The development will include retail and restaurant space in a walkable, village-style setting; office space; residential units with a central community “Commons”; a 28-acre forest preserve with potential future trailheads; golf cart accessibility; electric vehicle charging infrastructure; and outparcels for build-to-suit users and ground-lease tenants. Seamist Commons will serve a trade area anchored by approximately 20,000 nearby homes. Preleasing efforts are underway for Phase I of Seamist Commons, featuring retail spaces ranging in size from 1,400 square feet to 11,900 square feet. In early 2027, Core Commercial plans to break ground on Seamist Commons Boulevard, a two-story promenade. Coldwell Banker Commercial Atlantic (CBC Atlantic) is leading leasing efforts for the retail space at Seamist Commons.
HOUSTON — Interra Capital Group has acquired Greenway Plaza, a 4.5 million-square-foot office district and mixed-use development located in southwest Houston. The seller and sales price were not disclosed, but past owners have included Parkway and Cousins Properties. Developed in the late 1960s, Greenway Plaza spans approximately 53 acres and features 11 office towers and is among the largest infill mixed-use business campuses in the United States, according to a press release issued by Interra. “This is a generational asset with unmatched scale, a premier infill location [with] tremendous long-term potential,” says Jack Polatsek, CEO of Interra Capital Group. “We are proud to acquire Greenway Plaza and are committed to making the investments necessary to enhance the campus and strengthen its position as one of the market’s leading business destinations.” “This acquisition is about stewarding a campus that has played an important role in Houston for decades and repositioning it for the future,” adds Anita Kundaje, Interra’s commercial real estate acquisitions manager. “We see tremendous opportunity to unlock value through disciplined execution, creative vision and a deep commitment to the market.” Interra plans to pursue an active ownership and asset management strategy that will be focused on operations, tenant engagement, leasing …
WINTER GARDEN, FLA. — Orlando-based Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando. Delivered in 2021, the 42,800-square-foot property was fully leased to office tenants and retailers at the time of sale. The buyer is James Larweth, a private investor who has actively acquired assets in downtown Winter Garden. Chris DeMartino, Rick Helton, Dale Peterson, Joe Chick and Christine Mansour of Foundry represented the seller, the Keating family, in the transaction. Jay Strates of The Strates Group was the previous leasing agent for The Exchange and assisted the Foundry team in the sale.
NEW YORK CITY — Locally based brokerage firm TerraCRG has negotiated the $6.1 million sale of a 7,200-square-foot mixed-use building located at 390 Court St. in Brooklyn’s Carroll Gardens neighborhood. Chase Bank occupies the building’s ground-floor retail space, and Cobble Hill Ballet previously occupied the space on the upper floors. Rémi Norris and Matt Cosentino of TerraCRG represented the seller, an undisclosed family office, in the transaction. The buyer was also not disclosed.
Gateway Jax Plans Office Building at Pearl Square in Downtown Jacksonville, Taps JLL to Lead Leasing
JACKSONVILLE, FLA. — Gateway Jax plans to break ground next year on 655 Pearl, a six-story trophy office building that will anchor the Pearl Square mixed-use development underway in downtown Jacksonville. Designed by Morris Adjmi Architects and BDG Architects, the property will offer 100,000 square feet of offices and amenity spaces and 25,000 square feet of ground-floor retail space. Gateway Jax has tapped Michael Loftin, Jesse Shimp and Mack Keasler of JLL to lead the leasing efforts at 655 Pearl, which is the only office component within the first collection of buildings at Pearl Square. There are currently five buildings under construction, including the redevelopment of the 110-room Ambassador Hotel. At full build-out, the 2 million-square-foot mixed-use development will span nine city blocks and include 655 Pearl, the Ambassador Hotel, 1,250 apartments, more than a dozen restaurants and shops and a Publix grocery store. Gateway Jax plans to deliver 655 Pearl in 2028.