MORRISVILLE, N.C. — Foxfield has purchased 3503 Page Road, a newly built, 57,000-square-foot life sciences building located in Morrisville, about 14 miles west of Raleigh. The seller and sales price were not disclosed. Kryosphere, a biorepository solutions and cold chain logistics user, operates the facility under a 12-year net lease. The company has invested $5 million into the specialized build-out for pharmaceutical-grade cold storage infrastructure, with plans for an additional $5 million investment for equipment upgrades, according to Foxfield. Built in 2025, 3503 Page Road is situated within the World Trade Park industrial park and offers direct connectivity to I-40, I-540 and Raleigh-Durham International Airport. The building features industrial space, lab support and research-and-development space, as well as 24-foot clear heights.
Property Type
Sands Investment Group Brokers $23.4M Sale of Kroger-Anchored Center in Metro Atlanta
by John Nelson
LAWRENCEVILLE, GA. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, Kroger-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Goodwill, ReStore, Citi Trends, Cato Fashions, Farmers Furniture, Subway, Riverside Pizza and Cosmetic Dental.
TAMPA, FLA. — Benderson Development has begun the transformation of 702 North Franklin Street, a 300,000-square-foot office building in downtown Tampa. The nine-story property was formerly the longtime corporate headquarters building for Tampa Electric (TECO) and Peoples Gas. Benderson has tapped CBRE to lease and market the building’s office space, while Benderson will lease the property’s 20,000 square feet of ground-level retail space. The renovations will include extensive work on the building’s façade, including new signage opportunities for future tenants, as well as interior upgrades.
NEW YORK CITY — JLL has arranged a $16.4 million loan for the refinancing of CIRRUS, a 46-unit multifamily property in Brooklyn’s Prospect Lefferts Gardens neighborhood that was completed in 2024. Designed by AB Architekten with interiors by SR Projects, CIRRUS offers studio and one-bedroom apartments and amenities such as a fitness studio, coworking lounge, package room and a sky lounge with grills, a wet bar and dining areas. Aaron Niedermayer, Robert Tonnessen and John Flynn of JLL arranged the loan on behalf of the owner, New York City-based developer Astral Weeks. The direct lender was not disclosed.
ROCKY HILL, CONN. — Marcus & Millichap has negotiated the $14.3 million sale of Big Y Plaza, a 60,497-square-foot shopping center in Rocky Hill, located south of Hartford. Built on 14 acres in 1988, the center was fully leased at the time of sale to the namesake grocer and Wells Fargo. Joseph French Jr., Jeffrey Stearney and John Krueger of Marcus & Millichap represented the Connecticut-based seller in the transaction and procured the buyer, a New York-based investor. Both parties requested anonymity.
SOUTH AMBOY, N.J. — Wingtat Cargo has signed a 96,000-square-foot industrial lease in South Amboy, about 30 miles south of New York City. The shipping company is taking space within the newly constructed, 152,100-square-foot warehouse and distribution building at 111 Main St. Gary Politi and Michael Viera of JLL represented the landlord, a partnership between Woodmont Industrial Partners and Joseph Jingoli & Son Inc., in the lease negotiations. Jimo Liu of Cushman & Wakefield represented the tenant.
CHARLESTOWN, MASS. — EverybodyFights will open a 28,000-square-foot gym in Charlestown, located north of Boston, that will be the fitness concept’s third in the state capital area. The space is located within Hood Park, a 20-acre mixed-use redevelopment of the former H.P. Hood & Sons dairy production facility. The gym will feature an infrared sauna, cold plunge tub, Normatec recovery tools, onsite physical therapy services and a dedicated member lounge. The opening is scheduled for December.
Granite Capital Group Divests of 105-Unit Multifamily Property in Fort Collins, Colorado
by Amy Works
FORT COLLINS, COLO. — California-based Granite Capital Group has sold Enclave Rigden Farm, a multifamily property in Fort Collins, to Avanti Residential for $40.8 million, or $389,285 per unit. Located at 2758 Iowa Drive, Enclave Ridge Farm features 105 townhome-style apartments with direct access to car garages and private patios. Built in 2007, the property was 95 percent occupied at the time of sale. Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster of Berkadia represented the seller in the transaction. The Berkadia team also arranged financing for the deal.
Sweet Creek Capital to Develop 70-Unit Rental Townhome Community in Castle Pines, Colorado
by Amy Works
CASTLE PINES, COLO. — Sweet Creek Capital, a newly launched Denver-based real estate investment and development firm, is developing The Peaks at Canyons, a rental townhome property in Castle Pines. The project is being developed in partnership with Oakwood Homes, with construction financing provided by FirstBank, now part of PNC. Slated for completion in late 2027, the community will feature 40 three-bedroom and 30 four-bedroom residences, each with 3.5 bathrooms and a private attached two-car garage. Ranging from 1,410 square feet to 1,760 square feet, the townhomes will feature modern architecture, quartz countertops, vinyl plank flooring, smart home technology, stainless steel appliances and nine-foot ceilings. Community amenities will include The Exchange Coffee House and The Canyon House Kitchen + Cocktails, two community-focused gathering spots providing dining, social space and year-round programming. The project is located within The Canyons master-planned community at the intersection of Canyonside Boulevard and Canyon Forge Drive.
COMPTON, CALIF. — CSME Partners LLC has completed the disposition of an industrial property located at 1800 S. Anderson Ave. in Compton. Yueji Inc. acquired the asset in a transaction valued at $28.2 million. Yuejie, a freight forwarding company, will use the 83,527-square-foot property for warehouse and distribution services, including port-oriented distribution space to serve customers across the Los Angeles Basin. Nick Buss, Frank Schulz and Tyler Rollema of The Klabin Co. represented the seller, while Andrew Dilfer, Luke Staubitz and Harvey Beesen of Kidder Mathews represented the buyer in the deal.