DALLAS, PA. — Local investment firm Sordoni Properties has purchased the former Offset Paperback factory in the northeastern Pennsylvania city of Dallas with plans to redevelop the historic industrial building. The sales price was $5.5 million. The 16-acre facility originally opened in 1948. Sordoni’s redevelopment will feature a supermarket, convenience store and restaurant, with fitness and medical uses also in consideration. Jeff Algatt of Colliers represented Sordoni in the transaction.
SALEM, N.H. — Simon Property Group has welcomed five new tenants to The Mall at Rockingham Park, a 1 million-square-foot shopping and dining destination located about 30 miles north of Boston in Salem. Women’s apparel retailer LOFT has already opened at the property, while Kendra Scott and OFFLINE by Aerie will open this fall. Caffe Nero and Five Below are expected to open this summer.
THOUSAND OAKS, CALIF. — Affinius Capital has provided $54.7 million of preferred equity for the ground-up development of Hillcrest Apartments, a project The Latigo Group is developing in Thousand Oaks. The four-story property will feature ground-floor retail space and 333 units in a mix of one-, two- and three-bedroom floor plans. Amenities will include a rooftop terrace, pool, fitness center, coworking spaces, a multi-sport simulator and wellness center with a sauna and cold plunge. Latigo estimates the project will be complete by the first quarter of 2028. Bercut Smith of JLL arranged the financing.
OLATHE, KAN. — Walmart will open its first owned and operated case-ready beef facility in Olathe on Friday, June 27. The Arkansas-based retailer says the 300,000-square-foot project will bring quality beef to customers in the Midwest while creating more resiliency in its supply chain, following its 2022 equity investment in Sustainable Beef LLC. The facility will create more than 600 jobs and will handle packaging and distribution of Angus cuts sourced directly from Sustainable Beef LLC to stores across the Midwest. During a grand opening celebration, Walmart and the Walmart Foundation will present $90,000 in grants to local nonprofit organizations in the community. With fiscal year 2025 revenue of $681 billion, Walmart employs approximately 2.1 million associates worldwide at its more than 10,750 stores. The retailer has pledged to invest $350 billion in U.S.-made products by 2031.
BEMIDJI, MINN. — Kraus-Anderson has completed a $3.3 million physical therapy clinic for Sanford Health in Bemidji, a city in northern Minnesota. The 23,000-square-foot project involved the conversion of an existing call center into a fully equipped clinic with dedicated areas for rehabilitation and wellness. Designed by EAPC Architects Engineers, the facility features semi-private treatment rooms for individualized patient care; sensory and pediatric gyms designed for child-focused therapy and rehabilitation; an adult fitness area equipped for strength-building and mobility improvement; and a specialized cardio gym to enhance patient care and recovery. The project also includes physical therapy treatment and neuro therapy spaces, office workspaces and support staff areas. Exterior improvements will include a new playground and redesigned employee entrance.
High Street Residential Breaks Ground on Two Multifamily Projects Totaling 536 Units in Allen, Texas
ALLEN, TEXAS — High Street Residential has broken ground on two multifamily projects totaling 536 units in Allen, a northeastern suburb of Dallas. Crestview Apartments will be a 434-unit community with one-, two- and three-bedroom units that will range in size from 512 to 1,820 square feet. Amenities will include a pool with cabanas, grilling area, fitness center, office lounge, clubroom, coffee bar, courtyards and a dog park station. Crestview Townhomes will have 102 units on an 8.8-acre site that will feature two- and three-bedroom floor plans ranging in size from 1,325 to 2,123 square feet. This property’s amenity package will consist of a resort-style pool with cabanas and grills, a fitness center, clubroom and entertainment room, courtyards and a dog park. High Street is developing Crestview Apartments and Crestview Townhomes in partnership with Abington Properties and MetLife Investment Management, respectively. The first units at Crestview Apartments are expected to be available for occupancy in the third quarter of 2026. At Crestview Townhomes, the first units should be move-in ready by early- to mid-2026. ESG Architecture & Design and Andres Construction Management are leading the design and construction aspects, respectively, for both projects.
HOUSTON — Harmony Science Academy will open a 58,931-square-foot school at City Place, a mixed-use development in North Houston. The school, which is part of Texas-based charter system Harmony Public Schools, will open in August and will be able to support about 430 students in grades pre-K through sixth. Division One served as the general contractor for the project. Harmony has also acquired an adjacent tract for the development of a middle and high school campus, construction of which will begin in 2027.
LYNBROOK, N.Y. — Breslin Realty Development Corp. has begun leasing The Langdon, a 201-unit multifamily project in the Long Island community of Lynbrook. Located at 47 Broadway, The Langdon is a redevelopment of the former Mangrove Feather factory and consists of 55 studios, 111 one-bedroom units and 35 two-bedroom apartments, as well as 2,000 square feet of ground-floor retail space. Amenities include a lobby café, concierge services, rooftop terrace with skyline views, landscaped courtyard, resident lounge with billiards, a fitness center and work-from-home stations. Breslin developed the property in partnership with Fields Grade Development. Construction began in spring 2022. Rents start at approximately $3,000 per month for a studio apartment.
PORT WENTWORTH, GA. — Industrial real estate firm Dermody Properties has launched Port Wentworth Commerce Center, a 10 million-square-foot master-planned logistics project located roughly seven miles from the Port of Savannah and one mile from I-95. The development will be supported by a 2.5-mile road system currently under construction, where utilities such as water, sewer, power, gas and fiber optics will be installed. Situated within a designated Foreign Trade Zone (FTZ), Port Wentworth Commerce Center allows tenants to defer, reduce or eliminate tariffs on imported goods. The campus will also have onsite CSX rail service. The project is expected to be the largest near-port logistics development to begin construction in the Southeastern United States in 2025 and will serve as the premier port-centric logistics park on the Eastern Seaboard, according to company representatives. Dermody has selected Bill Sparks and Preston Andrews of CBRE to handle leasing at Port Wentworth Commerce Center. Dermody currently has four projects under construction in the Southeast region and more than 1.5 million square feet available for lease.
DURHAM, N.C. — Foundry Commercial has facilitated the acquisition and rezoning of a 95-acre tract in Durham for the development of Brickworks, a planned mixed-use development. The Durham City Council approved the rezoning ordinance in January, which will transform a former brick factory into a residential and commercial area. Charlotte-based SpaceCraft will serve as the master developer for the project. David Batten and Geoff Loftin of APG Advisors represented the seller in the transaction. Upon completion of the project, Brickworks will include 1,880 residential units and 49,500 square feet of commercial space. Construction of the multiphase project is expected to take place over a five-year period. One-third of the site is slated for Phase I of Brickworks, which will include a combination of apartments, townhomes and retail space. Homes will range from studio units to three-bedroom layouts, with 5 percent of the residences set aside for families earning 60 percent or less of the area median income (AMI). Public spaces like sports fields, biking and walking trails and preserved woodlands and wetlands will also be accessible at the development.