Property Type

Golden-Triangle-Logistics-Center-Wallkill

Crow Holdings Underway on 834,800 SF Industrial Project in Wallkill, New York

by Taylor Williams January 28, 2025

WALLKILL, N.Y. — Crow Holdings Development is underway on construction of an 834,800-square-foot industrial project in Wallkill, about 70 miles north of New York City. Golden Triangle Logistics Center will be a 92-acre development with two buildings that will total 535,600 and 299,200 square feet. The first building, which is slated for a summer delivery, will feature a clear height of 36 feet, 88 dock doors and parking for 83 trailers and 422 cars. JLL originally brokered the land sale behind Golden Triangle Logistics Center and has also been retained as the leasing agent.

January 28, 2025

Industrial Loans New Jersey Northeast

Valley Bank Provides $18.6M Loan for Refinancing of Northern New Jersey Industrial Building

by Taylor Williams January 28, 2025

PASSAIC, N.J. — Valley Bank has provided an $18.6 million loan for the refinancing of a 124,000-square-foot industrial building in the Northern New Jersey community of Passaic. The building at 101 Seventh St. is currently operated as a recycling facility and offers proximity to several major nearby thoroughfares. Jason Gaccione, Shawn Rosenthal and Jake Salkovitz of CBRE arranged the loan on behalf of the owner, an entity doing business as 101 Seventh Street Urban Renewal LLC.

January 28, 2025

Acquisitions Industrial Nevada Western

Nuveen Purchases 497,875 SF Industrial Portfolio in Reno, Nevada

by Amy Works January 28, 2025

RENO, NEV. — Nuveen Real Estate has purchased an infill industrial portfolio totaling 497,875 square feet in Reno for an undisclosed price. Situated next to the Reno-Tahoe International Airport, the five-building portfolio is currently fully leased. Spanning 27 acres, the portfolio is located at 4681 and 4689 Aircenter Circle and 4745, 4855 and 4980 Longley Lane. The buildings range from 19,000 square feet to 153,000 square feet and offer 24-foot to 25-foot clear heights, 68 dock-high doors, 11 grade-level doors and ample power. Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan of Cushman & Wakefield’s National IAG — West team, in collaboration with Will Strong, Michael Matchett, Jack Stamets, Molly Hunt and Madeline Warren of the firm’s National IAG — Mountain West team, represented the undisclosed seller.

January 28, 2025

Acquisitions Colorado Multifamily Western

JRK Property Holdings Sells 248-Unit Courtney Park Apartment Community in Fort Collins, Colorado

by Amy Works January 28, 2025

FORT COLLINS, COLO. — JRK Property Holdings has completed the disposition of Courtney Park, a garden-style multifamily property in Fort Collins, to ColRich Multifamily for $64.1 million. Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller in the deal. Located at 4470 S. Lemay Ave., Courtney Park offers 248 one- and two-bedroom apartments spread across 13 two- and three-story residential buildings. Each unit features stainless steel appliances, walk-in closets, in-unit washers/dryers and private balconies or patios. Community amenities include a clubhouse building, business center, fitness center, swimming pool, hot tub, an outdoor grilling area, a playground, pet park and 441 parking spaces. Built in 1986, the property was renovated in 2008. Renovations include upgrades to the apartment interiors, clubhouse and common area.

January 28, 2025

Acquisitions California Industrial Western

Border Business Center Divests of 69,530 SF Industrial Park in San Ysidro, California

by Amy Works January 28, 2025

SAN YSIDRO, CALIF. — Border Business Center LLC has completed the sale of a four-building industrial park at 464, 494 and 524 W. Calle Primera and 2325 Via Tercero in San Ysidro. Partners Capital Inc. acquired the asset for $15 million. Known as Border Commerce Center, the 69,530-square-foot park offers 51 suites, averaging 1,200 square feet in size. At the time of sale, the property was fully leased. Matt Harris and Matt Pourcho of CBRE represented the seller in the transaction.

January 28, 2025

Acquisitions Industrial Oregon Self-Storage Western

Spartan Investment Group Acquires Two Self-Storage Facilities in Salem, Oregon

by Amy Works January 28, 2025

SALEM, ORE. — Colorado-based Spartan Investment Group has expanded its footprint in the Pacific Northwest with the acquisition of two self-storage facilities in Salem. Terms of the transactions were not released. Spartan now owns nine self-storage facilities in the Pacific Northwest. Totaling 164,752 net rentable square feet and 1,150 units, the portfolio includes a 633-unit facility with 93,252 net rentable square feet at 350 Glen Creek Road NW and a 615-unit property with 71,500 net rentable square feet at 3715 Blossom Drive NE. Spartan plans to invest in upgrades and expand amenities at both locations.

January 28, 2025

Acquisitions Industrial Northeast Pennsylvania

CBRE Negotiates $5.7M Sale of Two Industrial Buildings in Quakertown, Pennsylvania

by Taylor Williams January 28, 2025

QUAKERTOWN, PA. — CBRE has negotiated the $5.7 million sale of two industrial buildings totaling 165,175 square feet in Quakertown, about 50 miles north of Philadelphia. The interconnected buildings sit on an 8.1-acre site in the downtown area and were originally constructed in the late 1800s by the Quakertown Electric Light Co. Steve Marzullo, Adam Silverman and Dale Lewis of CBRE represented the seller, a division of Mativ Holdings, in the deal and procured the buyer, Pennsylvania-based Coleman Investment Properties.

January 28, 2025

Acquisitions Arizona Retail Western

Cavender’s Western Clothing Store Buys 14,875 SF Retail Property in Tucson, Arizona

by Amy Works January 28, 2025

TUCSON, ARIZ. — Cavender’s, a Texas-based Western clothing store, has acquired a former Walgreen’s building at Oracle Wetmore Shopping Center in Tucson from Tucson Arizona Partners for $3.7 million. Located at 4220 N. Oracle Road, the 14,875-square-foot store will be the first Cavender’s location in the Tucson market. Aaron LaPrise of Cushman & Wakefield | PICOR represented the seller, while Neil Board and Noah Anastassatos of Western Retail Advisors represented the buyer in the deal.

January 28, 2025

Acquisitions Hospitality Massachusetts Northeast

JLL Brokers Sale of 50-Room Hotel in South Yarmouth, Massachusetts

by Taylor Williams January 28, 2025

SOUTH YARMOUTH, MASS. — JLL has brokered the sale of Parker Beach Lodge, a 50-room hotel located in the Cape Cod community of South Yarmouth. The hotel, which was renovated between 2021 and 2022, includes two suites and offers amenities such as an outdoor pool and a swim/gift shop. Alan Suzuki, Matthew Enright and Emily Zhang of JLL represented the undisclosed seller in the transaction. The new ownership has tapped Jamsan Hotel Management to oversee operations.

January 28, 2025

Leasing Activity New York Northeast Office

Rockella Signs 16,243 SF Office Lease in Midtown Manhattan

by Taylor Williams January 28, 2025

NEW YORK CITY — Rockella has signed a 15-year, 16,243-square-foot office lease at 520 Eighth Ave. in Midtown Manhattan. The provider of creative office and artistic workspaces will move into its space on the 24th floor of the 26-story, 860,000-square-foot building, which was originally constructed in 1926, later this spring. Matthew Mandell represented the landlord, GFP Real Estate, in the lease negotiations on an internal basis. Michael Joseph and Aidan Campbell of Colliers represented the tenant.

January 28, 2025

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