FORT WORTH, TEXAS — Locally based brokerage firm The Woodmont Co. has negotiated a 28,337-square-foot retail lease in southwest Fort Worth. The tenant, discount merchandiser Eco Thrift, is backfilling a space formerly occupied by Conn’s HomePlus at 4617 S. Hulen St. Bryan Dyer of Woodmont represented the undisclosed landlord in the lease negotiations. The representative of the tenant was also not disclosed.
GRAND PRAIRIE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Shops at Camp Wisdom, a 10,000-square-foot retail strip center in Grand Prairie, located roughly midway between Dallas and Fort Worth. Tenants include Tropical Smoothie Café and King Pipe Smoke Shop. Jack Hicks and Hudson Lambert of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
MANVEL, TEXAS — McDonald’s will open a new restaurant in Manvel, located south of Houston. The fast food giant has ground-leased a 43,720-square-foot pad site at The Shops at Sedona Lakes from local owner-operator NewQuest. Lara Lee LaMendola represented NewQuest in the negotiations on an internal basis. Greg Stanislawski of The Retail Strategy represented McDonald’s.
PHILADELPHIA — New York City-based brokerage and advisory firm GFI Realty Services has arranged a $96 million loan for the refinancing of 4701 Pine Street, a 412-unit multifamily property in Philadelphia’s University City neighborhood. The property consists of a 192-unit pre-war building that was recently renovated, a newly constructed, 220-unit building, 10,000 square feet of retail space and a 260-space parking garage. Daniel Lerer of GFI Realty arranged the loan. The borrower and direct lender were not disclosed.
AURORA, COLO. — A commingled real estate fund managed by Kennedy Wilson has acquired The Fletcher Southlands, a multifamily property in Aurora, for $94.7 million. Completed in 2021, the three-story community features 320 one-, two-, three- and four-bedroom garden-style apartments with open floor plans. The community offers a low-density living environment, ample parking, a fitness center, pool, dog park and communal game and dining spaces.
WEST SACRAMENTO, CALIF. — Dalfen Industrial has purchased West Sacramento Logistics Portfolio, a multi-building infill industrial portfolio within the West Sacramento industrial corridor. Totaling 1.3 million square feet on 68 acres, the portfolio features 13 buildings that are 97 percent leased to 31 tenants with an average weighted lease term of 3.5 years and an average suite size of approximately 30,000 square feet. Notable tenants include Crown Equipment Corp., Beckman Coulter Inc., MacArthur Co., KP LLC, Cameron Ashley Building Products and the State of California. With this acquisition, Dalfen Industrial now owns and operates 10.2 million square feet of industrial real estate in the Western United States.
DENVER, COLO. — Preleasing has begun at The Parson, a 309-unit high-rise Greystar is developing in Denver’s Golden Triangle neighborhood. The project is slated for completion next year. According to Zillow, monthly asking rents range from $2,055 for a studio to $13,690 for a three-bedroom penthouse. The Parson features 4,100 square feet of retail space. Amenities include a fifth-floor pool with views of the Rocky Mountains, a two-story gym with a sauna and a yoga lawn, concierge services, shared workspaces and an indoor and outdoor dog park. Ziegler Cooper was the architect.
QUEENSBURY, N.Y. — Regional brokerage firm Adirondack Capital Partners has negotiated the sale of Whispering Pines Apartments, a 189-unit multifamily complex in Queensbury, located north of Albany. Built in 1980, the garden-style property offers one- and two-bedroom units and amenities such as a pool, tennis courts, fitness center and onsite laundry facilities. Adirondack represented the buyer, Dawn Homes Management, in the transaction. Parker Stevens of Eastdil Secured represented the seller.
EASTON, PA. — CBRE has brokered the sale of Forks Town Center, a 100,250-square-foot shopping center in the Lehigh Valley city of Easton. Grocer GIANT anchors the center, which was fully leased at the time of sale. Other tenants include Dunkin’, PNC Bank, Fine Wine & Good Spirits and Verizon. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, JC Bar Properties Inc., in the deal. The sales price was not disclosed.
CARLSBAD, CALIF. — Cushman & Wakefield has brokered the sale of a single-story life sciences corporate headquarters facility at 2131 Faraday Ave. in Carlsbad. The Wonderful Co. acquired the asset from RPG for $19.3 million. Boston Scientific (NYSE: BSX) fully occupies the 47,075-square-foot property on a triple-net lease basis. The newly renovated, freestanding Class A building features a state-of-the-art central laboratory, high-end corporate offices, onsite amenities, an extensive glass line and robust mechanical systems suited for biotech, medical devices and corporate users. Aric Starck and Drew Dobbs of Cushman & Wakefield represented the seller in the deal.