Property Type

Gamer Packaging Signs 20,192 SF Office Lease in Minneapolis

by Kristin Harlow October 30, 2024

MINNEAPOLIS — Gamer Packaging has signed a 20,192-square-foot office lease at Fifth Street Towers in Minneapolis. The full-service packaging company is moving its headquarters to the entire 19th floor of 100 S. Fifth St., the companion tower to 150 S. Fifth St. Reed Christianson and Trinette Wacker of Transwestern Real Estate Services handle leasing for the 1 million-square-foot office complex, which features amenities such as Sculpt Fitness, Connect Lounge and Sphere Bar + Restaurant. Gamer Packaging is currently designing its new headquarters and expects to take occupancy in the second half of 2026. Tad Jellison, John Lorence and Blake Hastings of CBRE represented Gamer Packaging.

October 30, 2024

Civic Development Texas

Educare to Open 25,000 SF Childcare, Education Facility in San Antonio

by Taylor Williams October 30, 2024

SAN ANTONIO — Educare Learning Network will open a 25,000-square-foot childcare and early learning facility in San Antonio. Designed by RDG Planning & Design and Pfluger Architects, the facility will feature flexible classroom spaces, outdoor learning areas and advanced technology to support teaching and professional development. Construction is scheduled to begin before the end of the year and to be complete in summer 2026.

October 30, 2024

Acquisitions Healthcare Texas

Alliance Consolidated Group of Cos. Buys 15,110 SF Healthcare Property in Arlington

by Taylor Williams October 30, 2024

ARLINGTON, TEXAS — Alliance Consolidated Group of Cos. has purchased a 15,110-square-foot healthcare property in Arlington. The sales price was $6 million. According to LoopNet Inc., the single-tenant property at 950 N. Davis Drive was originally built in 1985. The seller, an orthopedic care provider doing business as MCS Dallas Medical PLLC, will lease back the space from the new ownership.

October 30, 2024

Acquisitions Illinois Midwest Retail

Boulder Group Brokers $2.1M Sale of Retail Property Leased to Sherwin-Williams in Joliet, Illinois

by Kristin Harlow October 30, 2024

JOLIET, ILL. — The Boulder Group has brokered the $2.1 million sale of a 3,500-square-foot retail property net leased to Sherwin-Williams in Joliet. The single-tenant building is located along Plainfield Road. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based real estate company. The buyer was a Southeast-based real estate investor. There are over eight years remaining on the lease with three five-year renewal options. The lease features 10 percent rental escalations every five years.

October 30, 2024

Leasing Activity Retail Texas

Midway Welcomes Three New Retailers to CITYCENTRE in West Houston

by Taylor Williams October 30, 2024

HOUSTON — Midway has welcomed three new retailers to its CITYCENTRE mixed-use development in West Houston. Apparel retailers American Threads (1,800 square feet) and Southern Tide (1,500 square feet), as well as ear-piercing salon Rowan (1,000 square feet), are all now officially open. The new leases were inked as part of the rejuvenation of the north side of the 47-acre development. The deals were announced this spring.

October 30, 2024

Acquisitions New Jersey Northeast Retail

CBRE Brokers Sale of 376,462 SF Grocery-Anchored Retail Portfolio in Coastal New Jersey

by Taylor Williams October 30, 2024

OCEAN COUNTY, N.J. — CBRE has brokered the sale of a portfolio of three grocery-anchored retail centers located in Ocean County. ShopRite anchors the centers, which include Bay Plaza in Toms River, Jackson Plaza in Jackson Township and Lacey Mall in Lacey Township. Bay Plaza was built in 1994. Tenants at the 87,721-square-foot center include Citizens Bank, Little Gym and Manhattan Bagel. Tenants at Jackson Plaza, which was built in 2002 and comprises 114,753 square feet, include AT&T, Advance Auto Parts and McDonald’s. Other tenants at Lacey Mall, which totals 173,988 square feet, include T.J. Maxx, Mattress Firm, Firestone, Hand & Stone, UPS, Dollar Tree, Dunkin’, Popeyes and Verizon Wireless. The portfolio was roughly 94 percent leased at the time of sale. Chris Munley, Colin Behr, Ryan Sciullo, Casey Smith, RJ Mirabile and Michael Pascavis of CBRE represented the seller, Pasbjerg Development Co., which developed the properties, in the transaction.

October 30, 2024

Loans Multifamily New Jersey Northeast Seniors Housing

Mesa West Capital Provides $57M Loan for Refinancing of Seniors Housing Property in Montvale, New Jersey

by Taylor Williams October 30, 2024

MONTVALE, N.J. — Mesa West Capital has provided a $57 million loan for the refinancing of Thrive at Montvale, a 203-unit seniors housing community in Northern New Jersey. Thrive at Montvale features 88 independent living, 83 assisted living and 32 memory care units. Amenities include resident lounges, a beauty salon, multiple dining rooms, courtyards, a fitness center, physician’s office, theater and a pickleball court. The loan carried a five-year term and a floating interest rate. The borrower is a joint venture between AEW Capital Management, Atlanta-based owner-operator Thrive Senior Living and New Jersey-based Pike Construction.

October 30, 2024

Acquisitions Connecticut Northeast Retail

Phillips Edison Buys 101,105 SF Shopping Center in Bethel, Connecticut

by Taylor Williams October 30, 2024

BETHEL, CONN. — Phillips Edison & Co., a Cincinnati-based shopping center REIT, has purchased the 101,105-square-foot Bethel Center in Connecticut’s Fairfield County. Anchored by Big Y Supermarket, Bethel Center was 91 percent leased at the time of sale. Other tenants include Starbucks, Dollar Tree, Great Clips, Quest Diagnostics and Casa Tequila. Nat Heald, Jeffrey Dunne and David Gavin of CBRE represented the seller, a partnership between DRA Advisors and KPR Centers, in the transaction. The sales price was not disclosed.

October 30, 2024

Leasing Activity New Jersey Northeast Restaurant Retail

Tropical Supermarket Opens 15,800 SF Store in South Plainfield, New Jersey

by Taylor Williams October 30, 2024

SOUTH PLAINFIELD, N.J. — Ethnic grocer Tropical Supermarket has opened a 15,800-square-foot store at Clinton Corners, a retail center in South Plainfield, about 35 miles south of Manhattan. Vanessa Kelty of Levin Management Corp. represented the landlord in the lease negotiations. The tenant was self-represented. Kelty also recently arranged a 2,145-square-foot lease with Mexican restaurant Blue Habanero at Clinton Corners. Diomaris Rosado with Keller Williams Premier represented the tenant in that deal. Levin Properties owns Clinton Corners.

October 30, 2024

Connecticut Leasing Activity Northeast Office

Norseland Inc. Signs 11,353 SF Office Lease in Norwalk, Connecticut

by Taylor Williams October 30, 2024

NORWALK, CONN. — Norseland Inc., a subsidiary of Norway’s largest dairy cooperative, has signed an 11,353-square-foot office lease in the coastal Connecticut city of Norwalk. The company is relocating its U.S. headquarters from nearby Darien to Merritt 7 Corporate Park. John Hannigan and James Riffice of locally based brokerage firm Choyce Peterson represented the tenant in the lease negotiations. Betsy Buckley, Ed Tonnessen and Gil Ohls of JLL, along with internal agent JoAnn McGrath, represented the landlord, a partnership between Clarion Partners and Marcus Partners.

October 30, 2024

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