REBusinessOnline

Outdoor Hospitality Properties Draw Greater Investment Interest Following Rapid Growth During the Pandemic

Where do people go to “get away from it all” — especially when the world shuts down? Many seek relaxation and recreation in the great outdoors. Interest in camping — especially the subset of high-end camping often referred to as “glamorous camping” or “glamping” — grew steadily in the years before the pandemic. The arrival of COVID and the desire for socially distanced vacations created a rapid increase in demand and revenue. The result for commercial real estate has been a …

NAI Partners Arranges Sale of 39,445 SF Warehouse in Houston

HOUSTON — NAI Partners has arranged the sale of a 39,445-square-foot warehouse located at 5606 Harvey Wilson Drive in Houston’s Second Ward. According to LoopNet Inc., the property was originally built in 1955 and features 10- to 14-foot clear heights. Chris Kugle of NAI Partners represented the seller in the deal, and Steven O’Connor of PrinGroup Commercial represented the buyer. Both parties were limited liability

NAI Hanson Negotiates Sale of 132,135 SF Industrial Flex Complex in Clifton, New Jersey

CLIFTON, N.J. — NAI James E. Hanson has negotiated the sale of a 132,135-square-foot industrial flex property in the Northern New Jersey community of Clifton. The property consists of two buildings totaling approximately 57,000 and 68,000 square feet on a 6.2-acre site. Andrew Somple of NAI Hanson represented the seller, an entity doing business as 1913 Realty Associates LLC. The buyer and sales price were not

NAI Rio Grande Valley Brokers Sale of 61,000 SF Cold Storage Facility in McAllen, Texas

MCALLEN, TEXAS — NAI Rio Grande Valley has brokered the sale of a 61,000-square-foot cold storage facility in McAllen, located near the Texas-Mexico border. The property features 17 climate-sensitive loading docks and 26,000 square feet of cold storage space, as well as dry storage and office space. Wonderful Citrus Packaging LLC sold the property to Green Light Go, a California-based provider of logistics services to the agriculture sector. The sales price was not disclosed. The property had …

Midwest Healthcare/MOB Properties Adapt to Post-COVID Demands, Tenant Expectations

The famed stability of healthcare and medical office building (MOB) real estate continues in 2022, with the Midwest acting as a microcosm for the sector’s trends and challenges nationwide. Adapting to complement large healthcare system needs, adding urgent care centers and keeping costs low are some of the main concerns for brokers this space.Five healthcare/MOB brokers sat down with REBusinessOnline to discuss what is influencing the sector. Michael Kalil, chief operating officer and …

NAI Partners Negotiates 9,000 SF Retail Lease in Houston

HOUSTON — NAI Partners has negotiated a 9,000-square-foot retail lease at Greenwood Place, an 18,000-square-foot, newly constructed commercial building located near the intersection of State Highway 105 and FM 3083 in Houston. Jason Gaines of NAI Partners represented the landlord, an entity doing business as Greenwood Place LLC, in the lease negotiations. Elena Bakina of Colliers represented the tenant, Action Behavior Center LLC, a provider of mental health

NAI Mertz Brokers Sale of 180,000 SF Industrial Park in Upper Moreland, Pennsylvania

UPPER MORELAND, PA. — NAI Mertz has brokered the sale of Huntingdon Glen Business Campus, a 180,000-square-foot industrial park in Upper Moreland, located in Bucks County. The 16.8-acre development, which was 98 percent leased to a roster of 38 tenants at the time of sale, consists of five buildings that range in size from 8,000 to 64,000 square feet. Metro Philadelphia-based Velocity Venture Partners purchased Huntingdon Glen Business Park from an undisclosed seller. Jeff Licht and Jared …

NAI Wisinski of West Michigan Brokers Sale of 19,972 SF Industrial Building in Grand Rapids

GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has brokered the sale of a 19,972-square-foot industrial building in Grand Rapids for an undisclosed price. The property is situated at 2882 Northridge Drive NW. Andrew Kapanowski and Doug Taatjes of NAI Wisinski represented the seller, Unisource Office Furniture Parts. Max Grover of Moxie represented the buyer, Lumber2Love, a manufacturer of high-quality wood

NAI Greywolf Brokers Sale of 36,154 SF Industrial Building in Grafton, Wisconsin

GRAFTON, WIS. — NAI Greywolf has brokered the sale of a 36,154-square-foot industrial building in Grafton, about 20 miles north of Milwaukee. The sales price was undisclosed. The property, which features both manufacturing and office space, is located at 1000 Hickory St. and features a clear height of 14 feet. David Hodge of NAI Greywolf represented the buyer, World Emblem, which plans to hire about 75 employees to work out of the

NAI Fennelly Negotiates $40.2M Sale of Vacant Manufacturing Facility in Spotswood, New Jersey

SPOTSWOOD, N.J. — NAI Fennelly has negotiated the $40.2 million sale of a vacant manufacturing facility that sits on 58 acres in the Central New Jersey community of Spotswood. Jerry Fennelly and Patrick Dintrone of NAI Fennelly represented the undisclosed seller, which operated the facility from 1941 to 2020, in the transaction. The buyer was an unnamed institutional

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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