Property Type

EARLY BRANCH, S.C. — Frampton Construction has delivered a new 300,000-square-foot build-to-suit distribution facility located at 601 Bob Gifford Parkway in Early Branch for cookware manufacturer Le Creuset of America. The 62-acre property is situated in Hampton County and sits about 54 miles north of Savannah via I-95. The development serves as Le Creuset’s North American distribution hub and also features two stories of office space for the company’s executive offices, call centers and administrative support. The design-build team includes McMillan Pazdan Smith (architect), Thomas & Hutton (civil engineer), WGPM (structural engineer), Paulson Cheek Mechanical (mechanical and plumbing contractor) and Allegiance Industries (electrical contractor).

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WASHINGTON, D.C. — DC Green Bank and Nuveen Green Capital have closed $42 million in C-PACE financing for a hotel conversion project in Washington, D.C. The project is a repositioning of a former warehouse in the city’s Georgetown district into the new 230-room citizenM Georgetown hotel. The borrower, Another Star, will operate the hotel upon completion of the conversion, which is expected for this summer. The project will include installing efficient HVAC, water heaters, insulation and lighting systems, which are estimated to save the property owner approximately $46,000 in utility costs per year. Another Star manages 37 citizenM hotels in the United States and Europe.

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DEERFIELD BEACH, FLA. — Cushman & Wakefield has brokered the $34.5 million sale of two office buildings located at 602-668 and 776-858 S. Military Trail in Deerfield Beach, a city in South Florida’s Broward County. The single-story buildings are situated within Deerfield Corporate Park and total 157,510 square feet. The properties, dubbed Building 1 and Building 6, were 87.6 percent leased to 26 tenants at the time of sale. Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar of Cushman & Wakefield represented the seller, an affiliate of New Jersey-based Denholtz doing business as Denholtz Deerfield LLC, in the transaction. A private capital investment group purchased the two buildings. Deerfield Corporate Park was originally built in 1985 and renovated in 2017.

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SAN FRANCISCO —TMG Partners and equity partner Bridges Capital LLC have acquired Metreon, a 320,000-square-foot, vertically oriented shopping center in downtown San Francisco. Built in 1999, the retail and entertainment destination is anchored by Target and a 16-screen AMC Theatres that features the tallest IMAX screen in North America. Locally based TMG and Bridges Capital purchased the four-story property from Acore Capital in a deed-in-lieu transaction. The sales price was not disclosed. The City and County of San Francisco will continue to retain ownership of Metreon’s ground lease through at least 2082, according to the San Francisco Business Times. The news outlet also reported Acore Capital was the mortgage lender for Metreon on behalf of the previous owner, Starwood Capital Group. “This investment in Metreon is a powerful vote of confidence in our downtown recovery,” says San Francisco Mayor Daniel Lurie. “We’re grateful for [TMG’s] partnership as we work to accelerate San Francisco’s comeback.” Metreon is located at 135 4th St. at Mission in the city’s Yerba Buena neighborhood. The property includes City View at Metreon, a 31,000-square-foot events venue with floor-to-ceiling windows offering views of the San Franisco skyline. TMG will rebrand the venue and partner with Skylight, a …

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AUSTIN, TEXAS — Locally based general contractor OHT Partners has broken ground on The Martin, a 375-unit multifamily project in East Austin. The Martin will offer one- and two-bedroom units that will range in size from 550 to 1,400 square feet, with 37 residences to be set aside as affordable housing for households earning up to 50 percent of the area median income. Amenities will include two pools, a jumbotron, fitness center, golf simulator, a karaoke and multimedia room, podcast rooms, dog park, coworking spaces and a dedicated rideshare lounge. Completion is slated for fall 2028. Project partners include architect Omniplan, civil engineer 360 Professional Services, structural engineer Urban Structure, MEP consultant Basharkhah Engineering, interior designer Ink + Oro and landscape architect KW Landscape Architects.

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ROWLETT, TEXAS — SRS Real Estate Partners has arranged the $13.7 million sale of a 40,000-square-foot retail building in Rowlett, a northeastern suburb of Dallas, that is leased to Crunch Fitness. The gym opened at the building at 3601 Lakeview Parkway last fall under a 15-year, corporate-guaranteed lease. Matthew Mousavi and Patrick Luther of SRS represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT, in the transaction. Both parties requested anonymity.

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WASHINGTON, D.C. — Newmark has arranged a $99 million loan for the refinancing of the Intercontinental Washington, D.C. – The Wharf, a 278-room hotel located within The Wharf, a 3.5 million-square-foot mixed-use development on the southwest Washington, D.C., waterfront. Jordan Roeschlaub, Nick Scribani, Tyler Dumon and Tate Keir of Newmark arranged the loan through Morgan Stanley on behalf of the borrower, CarrAmerica, a locally based real estate investment, development and management firm. Completed in 2017, the 250,000-square-foot hotel spans 12 stories and features a first-floor restaurant, as well as 6,000 square feet of retail space. Guest amenities include a 5,000-square-foot ballroom, 4,000 square feet of meeting space, a spa, fitness center, restaurant bar and lounge, rooftop pool and bar and an underground parking garage.

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MIAMI — A joint venture between locally based Torose Equities and Irvine, Calif.-based Sabal Investment Holdings has sold 3480 Main Highway, a 55,000-square-foot office and retail property located in Miami’s Coconut Grove neighborhood. Miami-based Azora Private purchased the property for $61 million, or $1,100 per square foot. The building is fully leased to food-and-beverage concepts Amal and Level 6, which are located on the ground floor and rooftop, as well as three office tenants. In 2025, an affiliate of CGI Merchant Group lost the office building through a UCC auction over $32.5 million in debt, in which Torose Equities and Sabal purchased the loan, according to South Florida Business Journal.

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TEMPLE, TEXAS — Extended Stay America has opened a 116-room hotel in the Central Texas city of Temple. Developed by Provident Hospitality, the Extended Stay America Premier Suites – Temple is a four-story building with rooms that feature fully equipped kitchens with refrigerators, stovetops and microwaves, as well as dedicated dining and work areas. Amenities include fitness and business centers, as well as onsite laundry facilities.

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MONROE, N.C. — Northmarq has negotiated the sale of Yardly Monroe, a 151-unit build-to-rent (BTR) community located in Monroe, roughly 30 miles outside Charlotte. Trevor Koskovich, John Currin, Jesse Hudson and Austin Jackson of Northmarq represented the seller, a joint venture between developer Taylor Morrison and equity partner Värde Partners. Faron Thompson and Grant Harris, also with Northmarq, originated $24.8 million in Freddie Mac acquisition financing on behalf of the buyer, FCP. The five-year, interest-only loan features a 35-year amortization schedule. Yardly Monroe, which has been rebranded as the Cottages of Monroe, is situated on nearly 25 acres and features one- and two-bedroom homes ranging in size from 717 to 1,030 square feet, according to Apartments.com. Each home features a private backyard with a pet door, full-sized washer/dryer, stainless steel appliances, high-speed internet, smart thermostat, doorbell camera, 10-foot ceilings, pantry, walk-in closet, vinyl plank flooring and a kitchen island. Community amenities include a swimming pool, dog park and a fitness center.

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