Property Type

Gateway-1960-Houston

HOUSTON — Atlanta-based developer Portland has acquired land and received construction financing for Gateway 1960, a 714,339-square-foot industrial project that will be located in North Houston. Neither the acreage of the site nor the amount of the construction loan were disclosed. Gateway 1960 will comprise a 440,323-square-foot cross-dock structure, a 157,723-square-foot front-load building and a 116,293-square-foot rear-load facility, all of which will feature speculative office space, LED lighting and dock-high loading doors. Project partners include general contractor Angler Construction, Powers Brown Architecture as the architect, civil engineer Langan and leasing agent Partners Real Estate. Construction is set to begin before the end of the month and to be complete in the third quarter of 2027.

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55-E-California-Blvd-Pasadena-CA

PASADENA, CALIF. — Meridian has acquired 55 East California Boulevard, a medical office building located adjacent to Huntington Hospital in Pasadena, for approximately $13.3 million. Concurrent with the purchase, Meridian finalized a long-term lease with The Huntington Physicians, A Medical Care Foundation Organization, an affiliate of Huntington Health and Cedars-Sinai Health System, for the entire second floor of the 32,052-square-foot property. Meridian entered escrow on the property in September 2025 and worked with the City of Pasadena updating its zoning code to permit medical office use as a conforming use within the applicable zoning district. As part of the repositioning effort, Meridian has arranged a new 10-year lease with The Huntington Medical Foundation covering approximately 10,619 square feet on the building’s second floor. Angie Weber of CBRE represented Meridian, while Jackie Benavidez and Damon Feldmeth of CBRE represented Huntington Medical Foundation in the lease transaction. Mark Shaffer and Cody Chiarella of CBRE represented Meridian in the sale transaction.

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Valwood-Industrial-Portfolio-Dallas

DALLAS — Cushman & Wakefield has brokered the sale of the Valwood Industrial Portfolio, a collection of three buildings totaling 254,105 square feet in North Dallas. Built in 2001, the portfolio’s buildings feature rear-load configurations and 24-foot clear heights. Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt and Trevor Berry of Cushman & Wakefield represented the seller, California-based Cohen Asset Management, in the transaction. The buyer was a fund backed by Ares Real Estate. The portfolio was fully leased to seven tenants at the time of sale.

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Southwest-Bay-Project-LV-NV

LAS VEGAS — IndiCap has acquired 3.8 net acres in Southwest Las Vegas for the development of Southwest Bay, a Class A infill industrial project. The 70,405-square-foot property will offer shallow-, small- and mid-bay industrial space with flexible suite configurations. Current plans call for suite configurations beginning at approximately 17,600 square feet, with the ability to accommodate full-building users. Located at the southwest corner of Russell Road and Edmond Street, Southwest Bay will feature concrete tilt-up construction with 28-foot clear heights, ESFR fire sprinklers, dock-high and grade-level loading, electrical capacity and flexible demising options. Site work is slated to begin in April 2027, followed by vertical construction in May 2027. Southwest Bay is scheduled for delivery in February 2028, with preleasing available before completion. The project team includes Lee & Sakahara Architects as architect and structural engineer, Per4mance Engineering as civil engineer and NDL Group as general contractor. Greg Tassi and Donna Alderson of Cushman & Wakefield are handling leasing for the project. First American provided title services for the project.

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202-Merchant-St-Honolulu-HI

HONOLULU — ESC Pacific, an international architecture, engineering and environmental consulting firm with operations in Japan, Guam and the United States, has purchased the historic Joseph W. Podmore Building at 202 Merchant St. in Honolulu in an off-market transaction. Constructed in 1902 from Hawaiian blue-gray basalt and listed on the National Register of Historic Places since 1983, the two-story Podmore Building features 4,638 square feet of mixed-use space. ECS will occupy the building’s second floor as its U.S. base, while the ground floor will continue its long-standing restaurant use. Matthew McKeever of CBRE Hawaii Capital Markets represented the buyer in the transaction. Terms of the transaction were not released.

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FORT WORTH, TEXAS — Jorstin Transportation Services has signed an industrial lease expansion in Fort Worth.The Texas-based freight company now occupies 95,982 square feet at Everman Trade Center, a four-building, 457,745-square-foot development. Kash Knutson of Growe 3PL Real Estate represented the tenant in the lease negotiations. Matt Carthey and Trey Goodspeed of Holt Lunsford Commercial represented the landlord, Boston-based Cabot Properties.

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Union-Square-Colorado-Springs-CO

COLORADO SPRINGS, COLO. — ABMAR Investments has received a $5.7 million loan for refinancing for Union Square Shopping Center, a retail property at 5035-5069 N. Academy Blvd. in Colorado Springs. Andrew Deaver, Rob Bova and Tom Gilliland of JLL Capital Markets secured the three-year, floating-rate loan for the borrower. The financing allowed the ABMAR Investments to refinance its existing loan and fund upcoming improvements for tenant Crunch Fitness, along with additional capital expenditures. Built in 1978 and renovated in 2005, Union Square features 69,347 square feet of retail space and 582 surface parking spaces on 8.3 acres. At the time of sale, the shopping center was 98 percent leased to 13 tenants, including Crunch Fitness, Chipotle Mexican Grill, Edward Jones, 7Brew Coffee and Big 5 Sporting Goods.

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HOUSTON — Lee & Associates has negotiated the sale of a 24,825-square-foot industrial property in northwest Houston. The two-building complex at 2216 Pech Road was constructed in 1980 and includes 4,600 square feet of office space. Richard Glass and Conrad Chambers of Lee & Associates represented the seller, All-Tex Erection Systems Inc., in the transaction. The buyer was Russell and Sons Holding Co.

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YADKIN COUNTY, N.C. — WhiteFiber Inc., a data center owner-operator and cloud solutions provider, has agreed to acquire two industrial facilities in Yadkin County, situated near Winston-Salem at the foothills of the Blue Ridge Mountains. WhiteFiber is acquiring the properties via its wholly owned subsidiary Enovum Data Centers Corp. with plans to retrofit both properties into data centers. The agreed purchase price was $60 million for both sites. The two facilities, which will be renamed NC-2 and NC-3, sit approximately 55 miles from NC-1, WhiteFiber’s existing data center campus in Madison, N.C. NC-2 and NC-3 are expected to provide a combined minimum of 60 megawatts (MW) of initial gross utility capacity with the potential to support up to 200 MW of combined utility capacity over time. WhiteFiber expects to close the transaction in the fourth quarter and bring the properties on line in third-quarter 2027.

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OXFORD, MISS. — Landmark Properties has acquired The Domain at Oxford, a 642-bed student housing community located at 2002 Oxford Way near the University of Mississippi campus in Oxford. The property was acquired in partnership with Liberty Mutual Investments and Peninsula Investments. Walker & Dunlop brokered the acquisition, and TSB Capital assisted with financing. The seller and terms of the transaction were not released. Built in 2016, the community offer 216 fully furnished units in a mix of one-, two- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a clubhouse, fitness center, golf simulator, resort-style pool, recreational green space, basketball and sand volleyball courts, study rooms and a screening theater. The property also offers parking for 756 vehicles.

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