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Extra-Space-Hillsborough
DevelopmentIndustrialNew JerseyNortheastSelf-Storage

JLL Arranges Construction Financing for 709-Unit Self-Storage Facility in Hillsborough, New Jersey

by Taylor Williams

HILLSBOROUGH, N.J. — JLL has arranged an undisclosed amount of construction financing for a 709-unit self-storage facility that will be located in the Northern New Jersey community of Hillsborough. The site spans 8.6 acres at 35 Bedle St., and the facility will feature 76,119 net rentable square feet of climate-controlled space. Michael Klein, Nazario Paragano and Michael Donohoe of JLL arranged the financing through Provident Bank on behalf of the developer, Shadowbrook Capital. Extra Space Storage will operate the facility. Completion is slated for 2027.

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DevelopmentIndustrialNew YorkNortheast

Sagard Real Estate Completes 331,700 SF Warehouse on Staten Island

by Taylor Williams

NEW YORK CITY — Sagard Real Estate, the Denver-based firm formerly known as EverWest Real Estate Investors, has completed One Nassau Place, a 331,700-square-foot warehouse on Staten Island. The site is located less than a mile from State Route 440, and the building features a clear height of 36 feet, 60 dock doors, 175 car parking spaces, rooftop solar panels and an ESFR sprinkler system. Construction began in summer 2024. Sagard has tapped Cushman & Wakefield as the leasing agent.

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AcquisitionsDevelopmentNew YorkNortheast

Marcus & Millichap Brokers $16M Sale of Brooklyn Development Site

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $16 million sale of a development site in the Prospect Heights area of Brooklyn. The 16,500-square-foot site at 863 Dean St. is zoned for residential or mixed-use development. Matt Fotis of Marcus & Millichap represented the seller, a local family, in the transaction, and procured the buyer. Both parties requested anonymity.

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DevelopmentIllinoisIndustrialMidwest

Missner Group, Thackeray Partners Complete 180,000 SF Industrial Project in Chicago

by Kristin Harlow

CHICAGO — The Missner Group, in partnership with Thackeray Partners, has completed a 180,000-square-foot industrial development at 4002 S. Princeton Ave. in Chicago’s Fuller Park neighborhood. Located within Chicago Stockyards Industrial Park, the project marks Missner’s third in the historic industrial district. The speculative facility can accommodate up to four tenants. Larry Goldwasser of CBRE is handling leasing.

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Boardwalk-Square-Katy
DevelopmentMultifamilyTexas

Sueba USA Completes 353-Unit Apartment Community in Katy, Texas

by Taylor Williams

KATY, TEXAS — Local developer Sueba USA has completed Boardwalk Square, a 353-unit apartment community located west of Houston in Katy. The midrise building features 20 open-concept floor plans including studio, one-, two- and three-bedroom layouts. Units range in size from 496 to 2,088 square feet and feature quartz countertops, stainless steel appliances, full-size washers and dryers and walk-in closets. Amenities include a CrossFit-inspired athletic club, recovery room with dry sauna and cold plunge, pool with tanning ledges and poolside cabanas, pet spa, catering kitchen and a coffee bar. Rents start at $1,265 per month for a studio apartment. Construction began in spring 2024.

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DevelopmentIndustrialMidwestOhio

Scannell Breaks Ground on 1.2 MSF Spec Industrial Building Near Columbus, Ohio

by Kristin Harlow

COMMERCIAL POINT, OHIO — Scannell Properties has broken ground on the first phase of a logistics park in Commercial Point, a southern suburb of Columbus. The 1.2 million-square-foot speculative building will feature a clear height of 40 feet, 60 dock doors and four drive-in doors. The development marks Scannell’s ninth in the central Ohio region. Completion is slated for April 2027. Joel Yakovac of Colliers is handling leasing.

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Avilla-Foothills-BTR-Surprise-AZ
ArizonaDevelopmentMultifamilyWestern

NexMetro Opens 108-Unit Avilla Foothills Build-to-Rent Project in Metro Phoenix

by Amy Works

SURPRISE, ARIZ. — NexMetro Communities has opened Avilla Foothills, a build-to-rent (BTR) development in Surprise, about 28 miles northwest of Phoenix. Avilla Foothills features 108 single-level homes, some with optional garages. Community amenities include a resort-style pool and hot tub, outdoor kitchen and grills, landscaped open spaces, covered parking, 24-hour maintenance team and pet parks.

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WoodBrook-at-Randolph-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Woodmont, Canoe Brook Complete 199-Unit Apartment Complex in Randolph, New Jersey

by Taylor Williams

RANDOLPH, N.J. — A partnership between Woodmont Properties and Canoe Brook Development has completed WoodBrook at Randolph, a 199-unit apartment complex in Northern New Jersey. The property comprises a four-story mid-rise building with 97 flats and seven buildings with 102 multi-story townhome-style residences. Unit feature one- to three-bedroom floor plans and dual-sink vanities, soaking tubs, full-size washers and dryers, private patios or balconies and keyless entry systems. Amenities include a sports simulator, pool, coworking space, yoga room and a fitness center. Leasing began last August.

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DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Investment Begin Leasing 703-Bed Student Housing Development Near University of Florida

by John Nelson

GAINESVILLE, FLA. — Gilbane Development and CBRE Investment Management have begun leasing Zaya, a 703-bed student housing project located at 3600 S.W. 20th Ave. in Gainesville. The property, which broke ground last year, is situated less than one mile from the University of Florida campus and Butler Center, a retail destination featuring three power retail centers: Butler Plaza, Butler North and Butler Town Center. Scheduled for completion in fall 2027, Zaya will offer 352 units with bed-to-bath parity. Shared amenities are set to include three courtyards, study rooms on each floor, a coworking lounge, rooftop resort-style pool, pickleball court, clubhouse, 24-hour fitness center, yoga studio and an indoor sauna.

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DevelopmentIndustrialSelf-StorageTexas

Newcor Completes 617-Unit Self-Storage Facility in Tomball, Texas

by Taylor Williams

TOMBALL, TEXAS — Locally based firm Newcor Commercial Real Estate has completed a 617-unit self-storage facility in Tomball, located northeast of Houston. The facility sits on a 5.1-acre site at 11110 Hufsmith Road and spans 87,970 net rentable square feet across 510 climate-controlled units, 93 non-climate-controlled units and 14 dedicated boat and RV storage spaces. RightMove Storage will operate the facility. A ribbon-cutting ceremony took place on Wednesday, June 17, and a larger opening celebration is planned for the fall.

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