Tuesday, September 15, 2026
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121-Commerce-Park-McKinney
DevelopmentIndustrialTexas

VanTrust Real Estate Breaks Ground on 512,000 SF Spec Industrial Project in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Kansas City-based developer VanTrust Real Estate has broken ground on an approximately 512,000-square-foot speculative industrial project in McKinney, located north of Dallas. The project represents Phase I of a larger, 42-acre development known as 121 Commerce Park. Phase I will consist of two buildings that will span 242,393 and 270,479 square feet. Project partners include Evans General Contractors, architect GSR Andrade, civil engineer Kimley-Horn and leasing agent JLL. Construction of Phase I is expected to last about a year.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 454-Unit Self-Storage Facility in Melissa, Texas

by Taylor Williams

MELISSA, TEXAS — Marcus & Millichap has brokered the sale of UpLift Self Storage, a 454-unit facility located in the North Texas city of Melissa. The eight-building facility was built in 2021 and offers a mix of climate-controlled and drive-up storage units. Charles LeClaire and Dave Knobler of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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AcquisitionsOfficeTexas

Summit RE Negotiates Sale of 209,476 SF Office Building in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Locally based brokerage firm Summit RE has negotiated the sale of a 209,476-square-foot office building in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 4101 International Parkway was constructed on 14.8 acres in 1998. Parker Tims and Luke Ledbetter of Summit brokered the deal. The buyer and seller were both Texas-based entities that requested anonymity.

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AcquisitionsIndustrialTexas

Easton Group Buys Two Industrial Buildings Totaling 72,800 SF in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Miami-based investment firm Easton Group has purchased two industrial buildings totaling 72,800 square feet in Arlington. The buildings, which were both completed in the 1980s, total 47,800 and 25,000 square feet and are leased to commercial printing company Digital Room. Stephen Bailey of Newmark represented the seller, a joint venture between Prattco Creekway and Investcorp, in the transaction.

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Village-at-Tuxedo-Reserve
DevelopmentMultifamilyNew YorkNortheast

Related Cos. Begins Leasing 336-Unit Apartment Community in Tuxedo, New York

by Taylor Williams

TUXEDO, N.Y. — Related Cos. has begun leasing a 336-unit apartment community in Tuxedo, located in the Hudson Valley region. Designed by Aurae, the residences are part of The Village at Tuxedo Reserve, a mixed-use town center that anchors the 1,200-acre Tuxedo Reserve master-planned community. Units come in one- and two-bedroom floor plans, and amenities include a pool, fitness center, basketball, squash tennis and pickleball courts, a dog park, playground, coworking space, resident lounges and direct access to hiking and biking trails.

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AcquisitionsIndustrialMassachusettsNortheast

Kadima Industrial Partners Buys 62,500 SF Building in Woburn, Massachusetts

by Taylor Williams

WOBURN, MASS. — Kadima Industrial Partners has purchased a 62,500-square-foot building in Woburn, a northern suburb of Boston. The shallow-bay building at 215 Salem St. features 16 loading docks, a clear height of 17 feet and 90-foot truck court depths. Tommy Hovey, David Coffman and Michael Restivo of JLL represented the undisclosed seller in the transaction. Ryan Parker, also with JLL, arranged acquisition financing for the deal through Webster 5 Cent Savings Bank. The building was leased to eight tenants at the time of sale.

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CivicLeasing ActivityNew YorkNortheast

NYC SCA to Open 54,245 SF STEAM School in The Bronx

by Taylor Williams

NEW YORK CITY — The New York City School Construction Authority (SCA) will open a 54,245-square-foot STEAM (Science, Technology, Engineering, Arts & Mathematics) school in The Bronx. The space will span two floors within Hutchinson Metro Center, a 361,857-square-foot mixed-use property in the borough’s Morris Park area that is owned by Simone Development Cos. The school is currently operating within a temporary space on Mercy University’s Bronx campus, serving about 100 students from local high schools.

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Leasing ActivityMassachusettsNortheastOffice

Affinity Group Food Service Signs 13,000 SF Office Lease in Bedford, Massachusetts

by Taylor Williams

BEDFORD, MASS. — Affinity Group Food Service NE has signed a 13,000-square-foot office lease in Bedford, a northwestern suburb of Boston. The food-and-beverage sales and marketing company will relocate its headquarters this fall from Lawrence to Bedford Woods, a two-building, 330,000-square-foot complex that was developed in 2001. Cummings Properties owns Bedford Woods.

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FloridaLoansMultifamilySeniors HousingSoutheastUncategorized

BWE Secures $101M Loan for New Active Adult Community in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood. Andy Effler of BWE led the team that closed the three-year, floating-rate loan through BlackRock affiliate HPS on behalf of the borrower, RISE, A Real Estate Company. The locally based developer is using the nonrecourse loan to retire the existing senior construction loan from Benefit Street Partners and the mezzanine loan from Pearlmark Real Estate, as well as funding reserves while RISE at Glen Kernan Park is in lease-up. The 308-unit property is reserved for households age 55 and older and features a mix of 109 one-bedroom and 127 two-bedroom luxury apartments, as well as 72 single-story cottage units with attached garages. Monthly rental rates range from $1,704 to $3,871, according to Apartments.com. Amenities include a fully equipped fitness facility, resort-style pool, pickleball courts and a bar and lounge room.

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AcquisitionsOfficeSoutheastVirginia

Piedmont Realty Trust Acquires Office Building in Arlington, Virginia for $56.3M

by John Nelson

ARLINGTON, VA. — Piedmont Realty Trust Inc. has purchased a 188,014-square-foot office building located at 4075 Wilson Blvd. in Arlington’s Ballston submarket. A partnership between Rithm Capital Corp., GreenBarn Investment Group and FarmViewVentures sold the property for $56.3 million. Jud Ryan, James Cassidy and Grant Marley of Newmark represented the sellers in the transaction. Rithm, GreenBarn and FarmView purchased the office property in September 2024 and invested approximately $6 million in capital improvements, which helped generate more than 90,000 square feet of new leasing activity. Office tenants at 4075 Wilson include Nalej Corp., KnowBe4, Systems Planning & Analysis and OpenText Public Sector. The ground-level retail space is fully leased to Sweetgreen, Grazie Nonna, Van Leeuwen Ice Cream and Pinnacle Bank.

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