CLAYTON, MO. — Law firm Lathrop GPM has relocated its St. Louis office to The Plaza at Clayton effective July 1. The new space, similar to the firm’s offices in Denver, Minneapolis and Chicago, features a flexible design for increased collaboration and client support. Since the beginning of 2022, six attorneys have joined the office in several practice areas. The Plaza at Clayton is situated in the immediate western suburb of Clayton. The property totals 340,529 square feet and rises 16 stories. Amenities include a clubroom, rooftop deck, fitness center, game room, conference center and reception center. The new Lathrop GPM space totals 16,023 square feet on the 14th floor.
MINNEAPOLIS — Gray Fox Coffee has opened at The Dayton’s Project, a 1.2 million-square-foot office and retail property located at 700 Nicollet Mall in Minneapolis. Owned by 601W Cos., The Dayton’s Project was originally built as the Dayton’s department store. The building now features amenities such as a gym, private lounges and rooftop terrace. Gray Fox Coffee occupies the building’s skyway level after six years of vacancy. The coffee shop, which marks the fourth location for the company, is open to tenants and the public, and features coffee, breakfast items and smoothies.
BOSTON — JLL has arranged a $27.8 million acquisition loan for a portfolio of four industrial buildings totaling roughly 400,000 square feet in the greater Boston area. The names and addresses were not disclosed. The properties comprise a mix of single-tenant warehouse, distribution and manufacturing buildings that were 100 percent leased at the time of the loan closing. Andrew Gray and Ryan Parker arranged the nonrecourse, fixed-rate loan through Bristol County Savings Bank on behalf of the borrower, NorthBridge Partners.
WAYNE, N.J. — Truist Bank has provided a $25 million loan for the refinancing of a 353,000-square-foot industrial property in the Northern New Jersey community of Wayne. The property at 415 Hamburg Turnpike was built on 17 acres in 1968 and features clear heights of 18 to 26 feet, 20 dock-high loading doors, six drive-in doors and 63,720 square feet of office space. The borrower was locally based investment firm The STRO Cos. The property was fully leased at the time of the loan closing.
NORTH HAVEN, CONN. — F+F Mechanical Enterprises has signed a 27,573-square-foot industrial lease in North Haven, a suburb of New Haven. The fabricator and installer of mechanical systems is expanding and relocating from 2 Dwight St. to the 132,264-square-foot building at 60 Dodge Ave. Stephen Press of Press/Cuozzo Realtors represented the tenant in the lease negotiations. Bradley Soules and Art Ross of Newmark represented the landlord.
GLENDALE, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Glen 91, an apartment community in the Phoenix suburb of Glendale. HCW sold the asset to Bridge Investment Group for $76.5 million, $258,446 per unit. Steve Gebing and Cliff David of IPA represented the seller and procured the buyer in the deal. Completed in 2023, Glen 91 features 296 apartments, a resort-style swimming pool, hammock garden, covered parking and attached garages. Apartments offer nine-foot ceilings, laundry rooms with full-size washers/dryers and walk-in closets with built-in shelving.
LYNNWOOD, WASH. — American Capital Group and Clarion Partners have formed a joint venture to develop Enso, an apartment community in Lynnwood, approximately 15 miles north of Seattle. Pacific Life Insurance Co. served as construction lender for the project, with construction scheduled to commence in August for completion in summer 2026. Located at 4001 198th St. SW, Enso will feature 312 apartments, more than 4,200 square feet of retail space, ample parking, a 2,600-square-foot co-working space, a 3,000-square-foot fitness facility, a 2,400-square-foot game lounge and a 2,600-square-foot resident lounge, as well as a dog wash and bike storage.
FORT COLLINS, COLO. — Co-developers MorningStar Senior Living and Haselden Real Estate Development have opened MorningStar at Old Town, a seniors housing property in Fort Collins. The companies partnered with local landowner and developer J.D. Padilla to develop the asset in Old Town Fort Collins. Located at 360 Tenney Court, MorningStar at Old Town features 160 units for independent living, assisted living and memory care in a four-story residential building. The community offers an indoor pool, a fitness center, therapy space, theatre/chapel and wine tasting room, as well as The Sky Terrace with patios and courtyards in an outdoor space. Project partners included Hord Coplan Macht as architect, Haselden as general contractor and Thoma-Holec as interior designer.
LOS ANGELES — Cushman & Wakefield has arranged the sale of 612 S. Broadway, a landmark building in downtown Los Angeles’ historic core. The six-story creative office and retail property traded for $16 million. Terms of the transaction were not released. Mike Condon Jr., Erica Finck, Reid Gratsch, Brittany Winn, Kylie Rawn and Mark Zakarian of Cushman & Wakefield brokered the transaction. Originally built in 1924 as Desmond’s Department Store and designed by A.C. Martin, the 80,000-square-foot building underwent a redevelopment transforming it into creative office building. Omgivning oversaw the redevelopment, which included adding two floors atop the original structure.
DENVER — Malman Commercial Real Estate has brokered the acquisition of an industrial property located at 2153 S. Wabash St. in Denver. Vera Wabash LLC acquired the asset from 2153 South Wabash Street LLC for $3 million. Situated on a 1.2-acre parcel, the 25,356-square-foot property features eight dock-high doors and one drive-in loading door. Taylor Roy of Malman Commercial Real Estate represented the seller, while CJ Toohey, Patrick Henry and Boston Wier of The Henry Group represented the buyer in the deal.