SAN ANTONIO — Marcus & Millichap has brokered the sale of a 645-unit self-storage facility in San Antonio. CubeSmart previously operated the facility, which was built on a 10.6-acre site on the city’s southwest side in 2023 and spans 115,240 net rentable square feet. Jon Danklefs of Marcus & Millichap represented the seller, a New Jersey-based limited liability company, in the transaction and procured the buyer, Public Storage, which has rebranded the property. The facility was 89 percent occupied at the time of sale.
PLANO, TEXAS — WareSpace, a a national provider of micro-bay warehouse spaces, has opened a 174,500-square-foot facility in Plano, located northeast of Dallas. WareSpace Plano is a conversion of a formerly vacant retail building and offers private warehouse suites that range in size from 200 to 2,000 square feet. Additional features include climate controls, loading docks, industrial racking, conference rooms, shared kitchens and lounge areas. A ribbon-cutting ceremony took place on Aug. 6.
SAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood. The property comprises four buildings with suites that range in size from 1,254 to 9,790 square feet. Todd Mills of Cushman & Wakefield represented the undisclosed seller in the transaction. Shawn Gulley represented Worth & Associates, which plans to make capital improvements to the property, on an internal basis.
RICHARDSON, TEXAS — Lee & Associates has negotiated a 14,100-square-foot industrial lease in the northeastern Dallas suburb of Richardson. According to LoopNet Inc., the building at 789 N. Grove Road was completed in 1983 and totals 54,471 square feet. Jessica Reinhardt and Susan Cancemi of Lee & Associate represented the landlord, an entity doing business as Dallas North Industrial LLC, in the lease negotiations. Shane Rollins of TXCRE represented the tenant, Battery Management Technology Corp.
NEW YORK CITY — Avison Young has arranged $115 million in Fannie Mae financing for a 301-unit apartment building in the Long Island City area of Queens. Wells Fargo provided the loan for the building, which represents Phase II of a larger development known as the Eagle Lofts Collection, through Fannie Mae’s Delegated Underwriting Service (DUS) program. Phase II features studio, one- and two-bedroom units, 30 percent of which are designated as affordable housing. Amenities include a spa with saunas and therapy rooms and a speakeasy sports parlor with a bowling alley, golf simulator and ski simulator, as well as a rooftop pool, fitness center, children’s playroom and pet washing station. Scott Singer, Andy Singer, Kevin Swartz and Kathleen McSharry of Avison Young arranged the debt on behalf of the owner, Rockrose Development.
JERSEY CITY, N.J. — A partnership between RXR, Columbia Property Trust, Strategic Value Partners LLC and One Investment Management has begun leasing Hudson House West, a 27-story apartment building in Jersey City’s SoHo West neighborhood. The 338-unit building represents the third and final phase of a larger development known as the Hudson House Collection, which includes another 27-story building (Hudson House East) and a five-story adaptive reuse building known as Radio Lofts. Combined, the buildings total 829 units in addition to 48,000 square feet of retail space. Residences at Hudson House West come in studio, one-, two- and three-bedroom floor plans. Amenities include two pools, outdoor grilling and dining stations, a sky lounge, fitness center, coffee bar, children’s playroom, game lounges, coworking space, an indoor soccer field and a basketball court.
PATERSON, N.J. — Benmark Capital, a private equity firm with offices in Miami and New Jersey, has provided a $38 million loan for the refinancing of a portfolio of two workforce housing buildings totaling 203 units in the Northern New Jersey community of Paterson. The buildings house one-, two- and three-bedroom units, and the portfolio, which includes six commercial spaces, was 99 percent occupied at the time of the loan closing. Marc Waldman of KentMoore Capital arranged the loan on behalf of the locally based borrower, Ania Management.
NEW YORK CITY — JLL has negotiated the $21.7 million sale of a 28,700-square-foot multifamily development site in The Bronx. The site at 122 Bruckner Blvd. is located within the borough’s Mott Haven neighborhood and can support 172,774 square feet of new development. Brendan Maddigan, Ethan Stanton and Mike Mazzara of JLL represented the locally based seller, Altmark Group, in the transaction. The buyer was locally based investment and development firm Nalcorp.
SPARTANBURG, S.C. — Munich-based Manova Partners has acquired Spartanburg 221, a roughly 1 million-square-foot logistics facility located at 2536 Chesnee Highway in Spartanburg. New York-based Rockefeller Group sold the property for an undisclosed price. Delivered in 2024 on 87 acres, Spartanburg 221 was fully leased at the time of sale to an undisclosed tenant, which operates on a triple-net lease. The industrial property features 344 car parking spaces, 346 trailer parking spaces, 140 dock-high loading doors, four drive-in loading doors and 40-foot clear heights.
ATLANTA — Sagard Real Estate has acquired 5070 Phillip Lee Drive SW, a 400,800-square-foot industrial property located in Atlanta. The seller was SkyREM, according to multiple media sources. The purchase price was not disclosed. The four-building industrial property is fully leased to Kittrich, which manufactures and distributes rug underlays, non-slip products, bath mats and related home goods. The tenant has occupied the property for more than 20 years. Situated on the city’s westside between I-20 and I-285, the property features 48 dock-high doors, two ramped drive-in doors, deep truck courts and multiple points of ingress and egress.
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