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Horizon-35-Denton
DevelopmentIndustrialTexas

Jackson-Shaw Breaks Ground on 908,730 SF Industrial Project in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Developer Jackson-Shaw has broken ground on Horizon 35, a 908,730-square-foot industrial project in the North Texas city of Denton. The site is located at the northeast corner of I-35 and Loop 288, and the first phase of the development will consist of three rear-load buildings totaling 543,550 square feet. Building features of Phase I, which is expected to be complete in the third quarter of next year, will include 32- to 36-foot clear heights, dock-high loading doors, 18-by-20-foot drive-in doors and “ample” car and trailer parking allotments. ARCO/Murray is the design-build firm for Horizon 35, and Stream Realty Partners is the leasing agent.

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Wells-Park-Apartments-Pflugerville
AcquisitionsMultifamilyTexas

Haven Housing Acquires 264-Unit Apartment Complex in Pflugerville, Texas

by Taylor Williams

PFLUGERVILLE, TEXAS — California-based investment firm Haven Housing has acquired Wells Park Apartments, a 264-unit multifamily complex in the northern Austin suburb of Pflugerville. Built in 2018, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, resident clubhouse, business center and outdoor gathering spaces. Kevin Dufour, Matt Pohl, Spencer Roy and Forrest Bass of Walker & Dunlop represented Haven Housing in the transaction. The seller and sales price were not disclosed.

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AcquisitionsRetailTexas

Partners Capital Acquires 41,041 Shopping Center in McAllen, Texas

by Taylor Williams

MCALLEN, TEXAS — Partners Capital, the investment arm of Partners Real Estate, has acquired a 41,041-square-foot shopping center in McAllen. Colonnade of McAllen was built in 2004 and was fully leased at the time of sale to a mix of service-oriented tenants. Andrew Pappas and Carson Grett led the transaction for Partners on an internal basis. Micha van Marcke of Edge Realty Partners represented the undisclosed seller.

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IndustrialLeasing ActivityLee & AssociatesTexas

Base Power Signs 32,375 SF Industrial Lease in Frisco

by Taylor Williams

FRISCO, TEXAS — Base Power Inc. has signed a 32,375-square-foot industrial lease in Frisco. The provider of home batteries is taking space within Building 3 at Frisco Trade Center. Brett Lewis, Taylor Stell and George Tanghongs of Lee & Associates represented the locally based landlord, Dalfen Industrial, in the lease negotiations. The tenant representative was not disclosed.

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Gardens-at-Roseland-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Garden Communities Begins Leasing 211-Unit Apartment Complex in Roseland, New Jersey

by Taylor Williams

ROSELAND, N.J. — Local owner-operator Garden Communities has begun leasing a 211-unit apartment complex in the Northern New Jersey community of Roseland. Gardens at Roseland offers single-level and duplex apartments that come in one- and two-bedroom floor plans. Amenities include a pool, fitness center, an entertainment room, fireside lounge and private workspaces, sports court, playground and outdoor grilling and dining stations. Rents start at roughly $2,700 per month for a one-bedroom unit.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Brokers $7.3M Sale of Manhattan Mixed-Use Buildings

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $7.3 million sale of two mixed-use buildings in Manhattan’s Greenwich Village area. Constructed in 1910 and recently renovated, the buildings at 18-20 Christopher St. consist of eight residential units and three commercial spaces. Peter Dodge, Joe Koicim and Paige DeMutis of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Dalan Real Estate.

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Leasing ActivityNew YorkNortheastOffice

Versant Media Group Signs 84,509 SF Office Lease Expansion, Extension in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Versant Media Group (Nasdaq: VSNT) has signed a 84,509-square-foot office lease expansion and 18-year extension in Midtown Manhattan. The owner of networks like MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY and Oxygen now occupies 249,054 square feet across six floors at 229 West 43rd Street, a 15-story building that was constructed in 1912 as the home of The New York Times. CBRE represented Versant in the lease negotiations. The landlord, Columbia Property Trust, was self-represented.

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Leasing ActivityMassachusettsNortheastRetail

Trader Joe’s to Open New Grocery Store in Reading, Massachusetts

by Taylor Williams

READING, MASS. — Trader Joe’s will open a new grocery store in Reading, a northern suburb of Boston, later this year. The square footage was not disclosed. The store will be located within The Crossing at Walkers Brook, a 480,000-square-foot shopping center that is also home to  Jordan’s Furniture, Home Depot, Golf Galaxy, The Paper Store and Starbucks. Chris Mearn of District Real Estate Advisors represented Trader Joe’s in the lease negotiations. Regional owner-operator Wilder Cos. owns The Crossing at Walkers Brook.

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Black Creek Commerce Center
DevelopmentGeorgiaIndustrialLoansSoutheast

JLL Secures Financing for Industrial Development Underway Near Savannah Totaling $70.4M

by Abby Cox

BLACK CREEK, GA. — JLL Capital Markets has secured $30.5 million in joint venture equity and $39.9 million in construction financing for Black Creek Commerce Center, a three-building industrial development underway in Black Creek, roughly 23 miles northwest of Savannah. Bobby Norwood, Mark Sixour, Britton Burdette, Jim Freeman, Kelsey Bawcombe and Austin Smith of JLL arranged the construction loan through Seacoast Bank on behalf of the developer, Xebec, and placed the joint venture equity with a unnamed, private investment group. Scheduled to deliver in the third quarter of 2027, the 687,890-square-foot development will include three rear-load buildings that feature 36-foot clear heights, 50-foot loading bays with 60-foot speed bays, 130-foot truck courts, ESFR fire suppression systems and TPO roofing. The site sits nearly seven miles from Hyundai’s $7.6 billion Metaplant America facility underway and 28 miles from the Port of Savannah’s Garden City Terminal. Xebec will continue to hold a right of first refusal on Phase II of the project, an adjacent 77-acre parcel, through April 2027.

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potomac-place-shopping-center
LoansMarylandRetailSoutheast

Northmarq Arranges $50.8M Loan for Grocery-Anchored Retail Center in Metro D.C.

by Abby Cox

POTOMAC, MD. — Northmarq has arranged a $50.8 million permanent, fixed-rate loan for the refinancing of Potomac Place Shopping Center, an 80,040-square-foot retail center located in Potomac, roughly 15 miles northwest of downtown Washington, D.C. Originally constructed in 1967, Potomac Place is anchored by Safeway and features a tenant mix including Chipotle Mexican Grill, Starbucks Coffee, Mathnasium, Rose Home Services, Walgreens, PNC Bank and East West Tae Kwon Do. Jason Smith and Kenneth Gentzel of Northmarq arranged the loan through Nationwide Life Insurance Co. on behalf of the borrower, Zuckerman Gravely.

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