Property Type

9821-Katy-Freeway-Houston

HOUSTON — MetroNational, the owner and operator of the Memorial City mixed-use district in West Houston, will undertake a $9.1 million renovation of a 161,200-square-foot office building located within the development at 9821 Katy Freeway. The renovation, which will be carried out in two phases, will entail a reimagining of the lobby and upgrading of amenity spaces, including a training room, boardroom and hospitality bar. The project team will also enhance the skybridge, landscaping and other outdoor areas. The project is expected to be complete before the end of the year.

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DALLAS — NAI James E. Hanson, a New Jersey-based brokerage firm, has arranged the $8.8 million sale of a 20,000-square-foot cold storage facility in southwest Dallas. The newly renovated building at 4910 Joseph Hardin Drive includes 2,000 square feet of office space and has been net-leased to Bento Sushi for the past 10 years. Michael Walters and Cameron Silverstein of NAI Hanson represented the buyer, Anderson & Vreeland Realty Corp., in the transaction. The seller was CanTex Capital. The deal traded via a 1031 exchange, the structuring of which was supported by Chase Miller of NAI Robert Lynn.

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CARROLLTON, TEXAS — Locally based investment firm Dalfen Industrial has purchased a 70,635-square-foot industrial building in the northern Dallas metro of Carrollton. The multi-tenant building at 1625 W. Crosby Road was 71 percent leased at the time of sale to two tenants: Momentum Technologies and Central Cargo North America. The seller and sales price were not disclosed.

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QLIC-Queens

NEW YORK CITY — Global private equity firm KKR has provided a $160.2 million loan for the refinancing of QLIC, a 21-story, 421-unit apartment tower in the Long Island City area of Queens. The unit mix consists of 55 studios, 297 one-bedroom apartments, 53 two-bedroom residences and 16 three-bedroom units. Amenities include 24-hour concierge service, a fitness center, rooftop pool with cabanas, landscaped courtyard, media lounge and a communal workspace. The building also houses 7,987 square feet of ground-floor retail space. Christopher Peck, Lauren Kaufman and Michael Shmuely of JLL arranged the loan on behalf of the owner, a partnership between two New York-based firms, World Wide Group and Rabina.

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The-Hazel-Jersey-City

JERSEY CITY, N.J. — JLL has arranged a $72 million loan for the refinancing of The Hazel, a 201-unit apartment complex in Jersey City. The Hazel was developed in two phases, with Phase I comprising 114 units that were delivered in early 2022 and Phase II consisting of 87 units that were completed in late 2024. The Hazel offers studio, one- and two-bedroom floor plans with an average size of 747 square feet, with 11 units set aside as affordable housing. Amenities include a sky lounge, rooftop pool, fitness center and coworking space, and the property also houses 9,588 square feet of commercial space. Thomas Didio, Thomas Didio Jr., Michael Mataras and Tyler Caricato of JLL arranged the five-year, fixed-rate loan through Truist Bank. The borrower is a partnership between two local developers, Alpine Residential and Fields Grade.

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The-Arden-Glen-Cove-New-York

GLEN COVE, N.Y. — A joint venture between local developer RXR and Chuo Nittochi America Corp. Team has broken ground on The Arden, a 101-unit multifamily project in the Long Island community of Glen Cove. The Arden will be a five-story building that will house studio, one-, two- and three-bedroom units. Indoor amenities will include a resident lounge with a kitchenette, golf simulator, work-from-home lounge, fitness center, mail/package room and a wellness lounge with sauna and massage rooms. The Arden will also feature an 8,300-square-foot outdoor amenity space with a landscaped courtyard, fire pit, pool, grilling stations and a walking trail that connects to the Garvies Point Preserve. Completion is slated for 2027.

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NEW YORK CITY — Marcus & Millichap has brokered the $8.8 million sale of a 15-unit apartment building in Manhattan’s East Village. The building at 207 E. Fourth St., which includes two commercial spaces, houses studio, one- and two-bedroom units that were recently upgraded with new interior finishes, floors, appliances and bathroom fixtures. Matt Berger and Joe Koicim of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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MCLEAN, VA. — JLL Income Property Trust, alongside investment partner LCOR, has sold Kingston at McLean Crossing, a 319-unit apartment community located at 7480 Birdwood Ave. in McLean, about 12 miles west of Washington, D.C. The Chicago-based REIT originally acquired the 15-story property in 2021, three years after the property was delivered. The buyer is Pantzer Properties, a multifamily owner-operator based in New York City, according to Apartments.com. Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia represented the seller in the transaction. The sales price was not disclosed. Pantzer has rebranded Kingston at McLean Crossing to The Point at McLean. Units come in studio to three-bedroom layouts ranging in size from 569 to 1,932 square feet. Amenities include a pool, fitness center, concierge, conference rooms, spa, EV charging stations and a playground. The property was 96 percent occupied at the time of sale.

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POOLER, GA. — Porter Logistics, a third-party logistics (3PL) warehousing and transportation company, has moved into 195 Nordic Way, a 230,400-square-foot industrial facility in Pooler. Ryan Hoyt, Chris Tomasulo, Austin Kriz, Bennett Rudder and Lindsey Wilmot of JLL arranged the full-building lease on behalf of Porter Logistics and the undisclosed landlord. Situated on 13.5 acres within two miles of I-95 and seven miles from the Port of Savannah, 195 Nordic Way features 2,000 square feet of office space, a 170-foot maneuvering area for trucks, 50 trailer spaces, 28 dock-high doors and separate auto and truck entry and exit points. Porter Logistics will consolidate five other warehouses to the Pooler location, which will support expanded light manufacturing and repackaging activity for liquid chemical products and solid materials such as plastics and resin.

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ATLANTA — Walker & Dunlop has arranged a $43 million loan for the refinancing of The Hive, a 307-bed student housing community located adjacent to the Georgia Tech campus in Midtown Atlanta. Israel Leiner led the Walker & Dunlop team that arranged the loan on behalf of the borrower, Dezure Development. Walker & Dunlop Investment Partners provided the interest-only bridge loan. Located at 566 Centennial Olympic Park Drive NW, The Hive offers 100 fully furnished units alongside shared amenities including study lounges and fitness facilities, as well as a courtyard with an infinity pool and a rooftop lounge. The property opened in fall 2025.

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