CLUTE, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Affordable Storage, a 440-unit facility in Clute, about 60 miles south of Houston. The facility spans 46,785 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, New Hampshire-based Fab Legacy LLC, in the transaction. The team also procured the buyer, Miami-based LAGO Properties LLC. The sales price was not disclosed.
CYPRESS, TEXAS — Colliers has brokered the sale of Barker Cypress Distribution Center, a 142,100-square-foot industrial building located on the northwestern outskirts of Houston. The building sits on 12 acres and features 32-foot clear heights, 3,574 square feet of office space and parking for 124 cars and 25 trailers. At the time of sale, Barker Cypress Distribution Center was fully leased to building materials supplier 84 Lumber. Lizzy Blake led the Colliers team that represented the seller, Molto Properties, in the transaction and procured a California-based limited liability company as the buyer.
LEWISVILLE, TEXAS — Bradford Commercial Real Estate Services has negotiated a 25,445-square-foot industrial lease renewal in the northern Dallas suburb of Lewisville. The space is located within Building 4 of the 772,000-square-foot Creekside 121 development. Joe Santaularia of Bradford represented the tenant, Atlanta-based Alpha Insulation & Waterproofing Inc., in the lease negotiations. Bob Hagewood and Eric Crutchfield of Stream Realty Partners represented the landlord, Mississippi-based EastGroup Properties.
MONTGOMERY, TEXAS — Nona’s Italian Grill will open a 3,500-square-foot restaurant in Montgomery, about 60 miles north of Houston. The space is located within the Woodforest master-planned community. Jackson Cain of SVN | J. Beard Real Estate represented the undisclosed landlord in the lease negotiations. Josue Posada of Posada Realty Associates represented the tenant. The restaurant is expected to open before the end of the year.
MOUNT LAUREL, N.J. — Colony Hills Capital has acquired Mount Laurel Crossing, a 296-unit apartment community in Southern New Jersey, for $79 million. The 14-building property was originally constructed in 1999 and offers one-, two- and three-bedroom units with an average size of 944 square feet. Amenities include a pool, fitness center, clubhouse, dog park and an outdoor lounge. Mount Laurel Crossing was 98 percent occupied at the time of sale. John Alascio, Alex Hernandez, Aaron Graves and John Spreitzer of Cushman & Wakefield arranged equity investments with Heitman (preferred) and Balfour Beatty Communities (common) on behalf of Colony Hills Capital. Fran Coyne, Carl Fiebig, Jose Cruz, Mike Oliver, Samantha Kupersmith and Tyler Margraf of JLL represented the undisclosed seller in the transaction.
SARATOGA SPRINGS, N.Y. — Dwight Mortgage Trust, an affiliate REIT of New York City-based Dwight Capital, has provided a $67.5 million bridge loan for the refinancing of Elements at Saratoga Lake, a 260-unit multifamily property located north of Albany in Saratoga Springs. The property consists of 26 residential buildings and a clubhouse. Units come in one- and two-bedroom floor plans, and amenities include indoor and outdoor pools, a fitness center, private lounge, community kitchen, business center, walking trails, a clubroom, grilling stations and a golf simulator. David Scheer and Joshua Klein of Dwight originated the financing on behalf of the borrower, Blue Iron Development.
DAYTON, N.J. — CBRE has arranged a 285,362-square-foot industrial lease in Dayton, about 20 miles north of Trenton. The tenant, global logistics and fulfillment company Staci Group, is consolidating several locations into a single facility at 10 Sigle Lane. The newly constructed, single-tenant building features a clear height of 40 feet, 36 loading doors, an ESFR sprinkler system and 4,185 square feet of office space. Chad Hillyer, Kevin Dudley, Nicholas Klacik and Kate Granahan of CBRE represented Staci Group in the lease negotiations. Heller Industrial Parks Inc. owns the property.
HARRISON, N.Y. — Cleveland-based developer The NRP Group has broken ground on a 200-unit multifamily project in Harrison, about 25 miles north of Manhattan. The five-story building will be situated on a 10-acre site, five acres of which will be set aside as public green space with walking trails, a dog park and a community garden. Units will come in studio, one- and two-bedroom floor plans, with 5 percent of residences to be reserved for households earning 80 percent or less of the area median income. Minno & Wasko Architects and Planners is designing the project, which NRP Group is developing in partnership with local owner-operator RPW Group. Completion is slated for 2026.
DUBLIN, CALIF. — Cityview has acquired Tralee Village Apartments, a multifamily property located at 6599 Dublin Blvd. in the East Bay city of Dublin. The price and seller were not disclosed. The three-story property offers 130 apartments and more than 30,000 square feet of ground-floor retail space, including eateries and service-focused shops. Originally built in 2011, the community offers one-, two- and three-bedroom floorplans featuring open-concept layouts, in-unit washers/dryers, granite countertops, USB outlet ports, modern custom-wood cabinetry in two styles, central heat and air, large closets, nine-foot ceiling heights and stainless steel appliances. Select units also feature vaulted ceilings, floor-to-ceiling windows and large balconies. Community amenities include ground-floor retail space, a resort-style pool and spa, high-end fitness center, clubhouse, business center, courtyard and barbecue areas, playground, parcel lockers, bike storage and ample garage parking. Cityview plans to implement a comprehensive renovation program for the community, including new unit flooring, lighting, kitchen and bathroom countertops and accessories. Jason Parr of Berkadia brokered the transaction. Westhome, an affiliate of Cityview, will serve as the property manager.
HENDERSON, NEV. — Colliers has negotiated the purchase of The Henderson Gateway Industrial Facility in Henderson, a suburb southeast of Las Vegas. An undisclosed buyer acquired the asset for $27.8 million. The name of the seller was not released. Brian Riffel and Tyler Jones of Colliers represented the buyer in the transaction. Located at 1735 Chaparral Road, the 98,023-square-foot property features 11 dock loading doors, two grade-access doors, an ESFR fire suppression system with a diesel pump, 91 surface parking spaces and 2,530 square feet of HVAC office space.