Friday, October 17, 2025
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Park-Six35-Dallas
DevelopmentIndustrialTexas

Alliance Industrial Breaks Ground on 362,065 SF Project in North Dallas

by Taylor Williams

DALLAS — Houston-based developer Alliance Industrial has broken ground on Park Six35, a 362,065-square-foot project in North Dallas. The site is located in the Valwood submarket, which lies at the junction of interstates 35 and 635, and the development will feature three buildings that will be able to support users with requirements ranging from 35,000 to 146,000 square feet. Buildings will have rear-load configurations and 32-foot clear heights. Demolitions of existing structures on the site are underway, and the groundbreaking of the new buildings is scheduled to occur before the end of the year. Holt Lunsford Commercial has been tapped as the leasing agent.

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CITYCENTRE-Houston
AcquisitionsRetailTexas

MetroNational Acquires 309,144 SF Retail Component of CITYCENTRE in West Houston

by Taylor Williams

HOUSTON — MetroNational has acquired the 309,144-square-foot retail component of CITYCENTRE, a 47-acre mixed-use development in West Houston. The retail portion frames a central green space at the property and is home to roughly 24 food-and-beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. MetroNational has partnered with Radom Capital to renovate the retail portion of CITYCENTRE. JLL represented the seller, Dallas-based TriGate Capital, in the transaction. MetroNational represented itself.

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AcquisitionsRetailTexas

JLL Arranges Sale of 181,708 SF Retail Property in Waco

by Taylor Williams

WACO, TEXAS — JLL has arranged the sale of a 181,708-square-foot retail property in Waco that is leased to tenants including Sprouts Farmers Market, Best Buy, Office Depot and Burlington. The property is part of Central Texas Marketplace, a 526,000-square-foot power shopping center that was built between 2005 and 2015. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL represented the seller, Ball Ventures, in the transaction. The buyer was G3C Operating LLC, an entity controlled by Dallas-based investor James “Corky” Nix.

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IndustrialLeasing ActivityTexas

Partners Real Estate Negotiates 101,968 SF Industrial Lease in Baytown, Texas

by Taylor Williams

BAYTOWN, TEXAS — Partners Real Estate has negotiated a 101,968-square-foot industrial lease in Baytown, an eastern suburb of Houston. The tenant is Architectural Surfaces Group, and the space is located within Building 2 of GrandPort 99 Business Park. Travis Land of Partners represented the landlord, a partnership between Alto Real Estate Funds and Industrial Development & Ventures (IDV), in the lease negotiations. Colton Hector and Ed Frantz of CBRE represented the tenant.

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Leasing ActivityOfficeTexas

Third Coast Infrastructure Signs 20,800 SF Office Lease in Downtown Houston

by Taylor Williams

HOUSTON — Third Coast Infrastructure LLC has signed a 20,800-square-foot office lease in downtown Houston. The locally based energy infrastructure company plans to move into its new space within Norton Rose Fulbright Tower, a 28-story building located at 1550 Lamar St., sometime next year. Griff Bandy of Partners Real Estate represented the tenant in the lease negotiations. Skanska owns the building.

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AcquisitionsNew YorkNortheastOffice

SL Green Agrees to Buy Midtown Manhattan Office Building for $730M

by Taylor Williams

NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has entered into an agreement to purchase Park Avenue Tower, a 36-story, 621,826-square-foot office building located at 65 E. 55th St. in Midtown Manhattan. According to The Wall Street Journal, the seller, Blackstone, bought the building in 2014 for $750 million. Park Avenue Tower was originally constructed in 1986 and recently underwent capital improvements that enhanced office suites, the lobby, amenity spaces and the outdoor plaza. Gary Phillips and Will Silverman of Eastdil Secured represented the seller in the transaction. The deal is expected to close in the first quarter of 2026.

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Commonwealth-Fusion-Systems-Devens-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

Pivotal, Declaration Partners Buy Metro Boston Manufacturing Facility for $74M

by Taylor Williams

DEVENS, MASS. — A partnership between Pivotal Manufacturing Partners and Declaration Partners has purchased a 165,335-square-foot manufacturing facility in Devens, located northwest of Boston, for $74 million. The facility, which was built in 2022, serves as the global headquarters and magnet production hub of Commonwealth Fusion Systems. Building features include a clear height of 32 feet, three tailboard dock doors, one drive-in door and 283 parking spaces. John Alascio, Alan Blank, Alex Lapidus, Rob Borden and Heather Brown of Cushman & Wakefield arranged $52.8 million in acquisition financing for the deal through Goldman Sachs.

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LoansMultifamilyNew YorkNortheast

ACRES Capital Provides $42.5M Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — ACRES Capital has provided a $42.5 million loan for the refinancing of The Congress, a 74-unit apartment building located on West 54th Street in Midtown Manhattan. According to StreetEasy, the building was originally constructed in 1923. The Congress also includes two office spaces and five retail spaces. The undisclosed sponsor will use a portion of the proceeds to fund upgrades of existing residences and common areas and convert former professional office suites into additional residential units.

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The-Arbors-at-Brighton-Park-Bloomfield
AcquisitionsConnecticutMultifamilyNortheast

IPA Negotiates Sale of 132-Unit Apartment Complex in Bloomfield, Connecticut

by Taylor Williams

BLOOMFIELD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Arbors at Brighton Park, a 132-unit apartment complex in Bloomfield, located northwest of Hartford. Built in 2017, the property offers one-, two- and three-bedroom units with washers and dryers, walk-in closets and private balconies/patios. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller, Paredim Communities, in the deal and procured the buyer, Beachwold Residential.

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AcquisitionsMultifamilyNew JerseyNortheast

CBRE Brokers $3.6M Sale of Northern New Jersey Apartment Building

by Taylor Williams

BAYONNE, N.J. — CBRE has brokered the $3.6 million sale of a 20-unit apartment building located in the Northern New Jersey community of Bayonne. The four-story building at 38-40 Kelly Parkway is located in the Constable Hook neighborhood and was originally constructed in 1920, according to LoopNet Inc. Fahri Ozturk, Richard Gatto, Tracy Trank and Zach McHale of CBRE represented the seller in the transaction. CBRE also procured the buyer. Both parties requested anonymity.

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