CELINA, TEXAS — Lowe’s Home Improvement will open a 94,000-square-foot store in Celina, located at the convergence of Collin and Denton counties in North Texas. The North Carolina-based retailer will join the tenant roster at The Crossing at Moore Farm, a 100-acre mixed-use development located along Preston Road. The store will be situated on a 14-acre site, and Lowe’s expects to receive its certificate of occupancy by March 2027.
WATERTOWN, MASS. — New York-based Clarion Partners has received a $94 million loan for the refinancing of LINX, a 185,015-square-foot life sciences facility in the western Boston suburb of Watertown. Completed in 2018, the two-story facility was fully leased at the time of the loan closing to three tenants: C4 Therapeutics, Addgene and Tectonic Therapeutic. Amenities include a grab-and-go café, indoor bike storage space, a locker room with showers, green space, a bocce ball court and shuttle service to Harvard Square. Riaz Cassum, Amy Lousararian and Robyn King of JLL arranged the five-year loan through European lender Société Générale on behalf of Clarion Partners.
LAWRENCEVILLE, N.J. — New Jersey-based intermediary Cronheim Mortgage has arranged a loan of an undisclosed amount for the refinancing of a 104-room Motel 6 hotel in Lawrenceville, located just outside Trenton. The hotel was originally constructed in 1978 and also houses a PJ’s Pancake House restaurant. Brandon Szwalbenest and Andrew Stewart of Cronheim Mortgage arranged the debt through an undisclosed local bank. The name of the locally based borrower was also not disclosed.
NEW YORK CITY — Locally based brokerage firm Brax Realty has negotiated the $6.2 million sale of two adjacent apartment buildings in Manhattan’s East Village area. The buildings at 317 E. 14th St. and 319 E. 14th St. house 24 apartments between them as well as two retail spaces. According to LoopNet Inc., both buildings rise five stories and were constructed in 1910. Michael Ferrara and Cole Kinney Leonhardt of Brax Realty brokered the deal. The buyer and seller were not disclosed.
MANSFIELD, MASS. — Marcus & Millichap has brokered the $4.7 million sale of a 25-unit apartment building in Mansfield, a southern suburb of Boston. The building at 1 Samoset Ave., which is known locally as “The Grain Mill” and was converted from that use to residential in 1981, consists of 24 one-bedroom apartments and a two-bedroom penthouse. Evan Griffith and Tony Pepdjonovic of Marcus & Millichap represented the seller and procured the buyer, both of which were local limited liability companies, in the transaction.
NEW YORK CITY — Cole Haan has signed a 62,262-square-foot office lease renewal at 620 Avenue of the Americas in Manhattan’s Flatiron District. The footwear provider will continue to occupy the entire third floor of the building, which was originally constructed in 1896, for the next 11 years. Lauren Crowley Corrinet, Adele Huang, Gary Davies and Silvio Petriello of CBRE represented Cole Haan in the lease negotiations. Daniel Birney represented the landlord, RXR, on an internal basis.
JACKSONVILLE, FLA. — CBRE Capital Markets’ Debt & Structured Finance team has secured a $61.3 million loan for Florida Gateway Logistics Park – Building 800, a new 1 million-square-foot warehouse located at 9909 Pritchard Road in Jacksonville. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE’s Atlanta office arranged the loan through KKR on behalf of the borrower, Dallas-based Hillwood Investment Properties. Other teams of the financing were not disclosed. Built in 2023, the warehouse sits on 52 acres and is fully leased to an undisclosed third-party logistics company. The cross-dock building features 40-foot clear heights, 290 trailer spaces and 511 auto parking spots. Building 800 is situated within Florida Gateway Logistics Park, which at full build-out will span 3.1 million square feet across seven buildings.
MCDONOUGH, GA. — Atlanta-based tire manufacturer Kumho Tire USA has fully leased 210 Interstate South Drive, a 428,160-square-foot cross-dock industrial facility located in the south Atlanta suburb of McDonough. Price Weaver and Hooper Wilkinson of Colliers represented the tenant in the lease negotiations. Bob Currie, Brad Pope, Reed Davis and Hannah Dillard of JLL represented the landlord, Dermody Properties. The distribution center is located less than one mile from I-75 and 24 miles from Hartsfield-Jackson Atlanta International Airport. The facility features 28-foot clear heights, 101 dock-high doors, 147 trailer storage spaces and ESFR sprinklers. The property was built in 2000, according to LoopNet Inc.
SNELLVILLE, GA. — JLL has arranged the sale of Presidential Commons, a 264,271-square-foot shopping center located in Snellville, a northeast suburb of Atlanta. Kroger anchors the property, which was 89 percent leased at the time of sale. Other tenants at the center include Petco, Ulta Beauty, Burlington, Five Below and Aaron’s. SITE Centers sold the property to Sterling Organization for an undisclosed price. Jim Hamilton, Brad Buchanan, Andrew Michols and Anton Serafini of JLL represented the seller in the transaction.
CHARLESTON, S.C. — East West Partners and Holder Properties have broken ground on Fenland, a 50-unit build-to-rent community located on Daniel Island in Charleston. The townhome property will be situated on 5.5 acres within Nowell Creek Village, a 36-acre waterfront community. Upon completion, Fenland will feature three- and four-bedroom, three-story rental townhomes ranging in size from 2,100 to 2,400 square feet. Amenities will include two-car attached garages, a private swimming pool, community grill and fire pit and a landscaped courtyard along with access to Daniel Island’s network of trails, a community dock and park and planned waterside dining and retail options. East West Hospitality will manage Fenland, which will begin preleasing in early 2025 with move-ins expected by spring 2025.