HOUSTON — JLL has negotiated the sale of Park 845 Crossing, a 757,325-square-foot industrial park in North Houston. Built in phases between 2008 and 2014, Park 845 Crossing comprises five buildings on a 38.9-acre site at the interchange of I-45 and Beltway 8. Buildings offer a mix of rear-load and cross-dock configurations, range in size from approximately 54,000 to 245,000 square feet and feature 18- to 30-foot clear heights. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Max Myers of JLL represented the seller, an affiliate of Equus Capital Partners, in the transaction. The buyer was New York City-based REIT INDUS Realty Trust.
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AUSTIN, TEXAS — Newmark has brokered the sale of Oak Hill Plaza, a 115,512-square-foot shopping center in West Austin. The center sits on an 11.3-acre site at 7101 State Highway 71 and was 92.5 percent leased at the time of sale. Tenants include The Picklr, Dollar Tree, AutoZone, Jim’s Restaurant, Wells Fargo, Pluckers Wing Bar and Golden Chick. Conor Lalor, Kyle Minter, James Sharpe V and Cole Frantz of Newmark represented the seller, Partners Real Estate, which acquired the property in 2021, in the transaction. Fort Worth-based owner-operator Trademark Property Co. acquired Oak Hill Plaza in a joint venture with global investment firm Cohen & Steers.
HOUSTON — EōS Fitness will open a 40,000-square-foot gym within Grand Parkway Center in northwest Houston. The address was not disclosed, but the space is located at the junction of Grand Parkway and State Highway 249. The opening is slated for next year. NewQuest represented EōS in the lease negotiations. The name and representative of the landlord were not disclosed.
HOUSTON — Cerenome Inc. has signed a life sciences lease expansion in Houston. The provider of radiotherapeutics and diagnostic services for brain and central nervous system cancers now occupies 36,500 square feet within Levit Green, a 53-acre life sciences district located adjacent to Texas Medical Center. Cerenome’s new lab and office space is expected to be complete late next year. Hines owns Levit Green.
JERSEY CITY, N.J. — New York-based developer Alpine Residential has completed AVIVA, a 500-unit multifamily project in Jersey City. Designed by GRT Architects and Ismael Leyva Architects, AVIVA, formerly known as Scholars Village, comprises two 12-story buildings that are connected by a lobby base with 4,000 square feet of ground-floor retail space. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include a fitness center, demonstration kitchen, coworking space, children’s playroom, a pet salon and 24-hour concierge services. Bank OZK provided construction financing for the project.
FORT LEE, N.J. — JLL has negotiated the sale of Ridge Pointe, a 132-unit apartment building in the Northern New Jersey community of Fort Lee. Built as an office building in 1985 and converted to residential use in 2014, Ridge Pointe offers studio, one-, two- and three-bedroom units with an average size of 1,296 square feet. Amenities include a rooftop lounge, screening room, fitness center, billiards room and a children’s playroom. Mike Oliver, Steve Simonelli, Jose Cruz, Elizabeth DeVesty, Austin Pierce and C.J. Anania of JLL represented the undisclosed seller in the transaction. Thomas Didio Jr., Gerard Quinn, Michael Mataras and Tyler Caricato, also with JLL, arranged acquisition financing for the deal through Balbec Capital on behalf of the buyer, SELA Realty Investments.
NEW YORK CITY — Marcus & Millichap Capital Corp. (MMCC) has arranged a $9.8 million acquisition loan for an 11-unit apartment building in Brooklyn’s Williamsburg neighborhood. The building at 235-237 Kent Ave. includes ground-floor retail space above three levels of apartments. Bradley Buzil of MMCC arranged the nonrecourse loan, which carries a five-year term and a fixed interest rate, on behalf of the undisclosed buyer. The direct lender was also not disclosed.
MANCHESTER, N.H. — Marcus & Millichap has brokered the $3.9 million sale of a 56,000-square-foot civic building in Manchester. The building at 470 Pine St. was originally constructed in 1924 as a mill and is now home to three educational institutions. Luigi Lessa and Mattias Edenkrans of Marcus & Millichap represented the seller, an entity doing business as TAD LLC, in the transaction and procured the buyer, private investor Mike Mita. Thomas Shihadeh of Marcus & Millichap helped close the deal as the broker of record.
WASHINGTON, D.C. — Affinius Capital has originated a $97.9 million loan for the refinancing of The Lydian, a 324-unit apartment community located in Washington D.C.’s Mount Vernon Triangle submarket. Chris Hew and Susan Carras of JLL arranged the loan on behalf of the borrower, a joint venture between affiliates of locally based Quadrangle Development Corp. and The Wilkes. Co. Built in 2018, The Lydian comprises studio, one- and two-bedroom apartments ranging in size from 544 to 1,215 square feet. Amenities include a fitness center with a private yoga/training studio; an indoor-outdoor penthouse community space with extensive seating, a chef’s kitchen and private dining room; resort-style rooftop swimming pool and sun deck with grilling stations; landscaped interior courtyard; dog washing stations; secure bike room; and a controlled-access parking garage with 155 spaces.
CBRE Arranges $83M Acquisition Loan for Luxury Multifamily Community in Atlanta’s Buckhead District
by Abby Cox
ATLANTA — CBRE has arranged $83 million in acquisition financing for AMLI Lenox, a 391-unit luxury multifamily community located in Atlanta’s Buckhead district. Robert LaChapelle and Blake Cohen of CBRE secured the loan through New York Life on behalf of the owner, ORIX Corp. Shea Campbell, Ahish Cholia, Colleen Hendrix and Don Hoffman of CBRE represented the seller, AMLI Residential, in the transaction. Rebranded as Akari Buckhead, the apartment tower rises 24 stories and serves as a centerpiece for AMLI’s 1,302-unit, four-property campus that surrounds the 1.5-acre Marie Sims Park. The community, which was 96 percent occupied at the time of financing, offers studio, one-, two- and three-bedroom floorplans, as well as penthouses. Amenities include laundry services, a pet play area, pet washing station, electric vehicle charging stations and onsite retail, management and maintenance services.
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