Property Type

Galatyn-Commons-Office-Campus-Richardson

Mapletree Begins Renovation of 215,394 SF Office Building in Richardson, Texas

by Taylor Williams September 15, 2023

RICHARDSON, TEXAS — Mapletree, a global investment firm based in Singapore, has begun renovations on the 215,394-square-foot Building C at Galatyn Commons, an office campus located in the northeastern Dallas suburb of Richardson. The development consists of four buildings totaling 800,000 square feet. Upgrades at Building C will cover the lobby, fitness center, tenant lounge, collaboration spaces and elevator landings and will mark the completion of a larger value-add program. Galatyn Commons also features a food hall with 300-seat dining area, coffee shop, grab-and-go food service and an outdoor kitchen with grill stations, as well as an amphitheater with a 1,000-seat capacity, 150-seat conference center and multiple collaboration areas. Cushman & Wakefield has been tapped to lease the renovated space.

September 15, 2023

Development Multifamily Texas

Rosewood Property Begins Leasing 326-Unit Ludlow Apartments in Plano

by Taylor Williams September 15, 2023

PLANO, TEXAS — Dallas-based Rosewood Property Co. has begun leasing The Ludlow, a 326-unit apartment community that is located within the Heritage Creekside master-planned development in Plano. Designed by Hensley, Lamkin, Rachel Inc., The Ludlow offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops and designer backsplashes, as well as private balconies and workspaces. The amenity package comprises a pool, fitness center, coworking spaces, a clubroom and a golf simulator. Full completion is slated for the end of the year. Rents start at $2,150 per month for a one-bedroom apartment.

September 15, 2023

Industrial Leasing Activity Texas

Newmark Negotiates 44,680 SF Industrial Lease Extension in Metro Austin

by Taylor Williams September 15, 2023

ROUND ROCK, TEXAS — Newmark has negotiated a 44,680-square-foot industrial lease extension at Corridor Park I in Round Rock, a northern suburb of Austin. The tenant, Benchmark Electronics, is also expanding its footprint at Building 6 of the development. Sherry Gubera and Joshua LaFico of Newmark represented the tenant in the lease negotiations. JLL represented the landlord.

September 15, 2023

Leasing Activity Office Texas

Brunswick Group Signs 15,099 SF Office Lease in Uptown Dallas

by Taylor Williams September 15, 2023

DALLAS — Global investment advisory firm Brunswick Group has signed a 15,099-square-foot office lease at 3811 Turtle Creek Blvd. in Uptown Dallas. The 21-story, 300,961-square-foot building features a newly renovated lobby and corridors as well as new contemporary spec suites. Amenities include a fitness center, tenant wine bar and game room, outdoor patio, conference center and onsite car wash/detailing services. Kim Brooks, Justin Miller and Scott Walker of Transwestern represented the landlord, California-based investment firm KBS, in the transaction. Jihane Boury of Savills represented Brunswick Group.

September 15, 2023

Development Mixed-Use New York Northeast

Biddle Real Estate, PCD Provide Updates on 70-Acre Mixed-Use Project in Sleepy Hollow, New York

by Taylor Williams September 15, 2023

SLEEPY HOLLOW, N.Y. — A partnership between Biddle Real Estate Ventures and PCD Development has provided updates on Edge-on-Hudson, a 70-acre mixed-use project in Sleepy Hollow, about 30 miles north of New York City. The latest and second phase of the waterfront development will include a 100-unit condo building that will be known as The Daymark, a 90-unit townhome complex by Sun Homes and a new 30,000-square-foot retail space that is preleased to DeCicco & Sons Market. The development team is also working on plans for a medical office building as well as additional parkland and open green space. The first phase of Edge-on-Hudson delivered a mix of condos, townhomes and apartments, the overwhelming majority of which have now been sold or leased.

September 15, 2023

Acquisitions Hospitality New Jersey Northeast

Berkadia Negotiates Sale of 131-Room Hotel in Eatontown, New Jersey

by Taylor Williams September 15, 2023

EATONTOWN, N.J. — Berkadia has negotiated the sale of Homewood Suites Eatontown, a 131-room hotel in Northern New Jersey. The hotel was originally constructed in 2004 and was rebranded from the Staybridge Suites flag in 2016. Amenities include an outdoor pool, fitness center, two meeting rooms and a grilling area. Dan Hawkins and Jake Pietras of Berkadia represented the seller, an entity doing business as Jersey Shore Hotel Partners LLC, in the transaction. Highline Hospitality Partners purchased the asset for an undisclosed price.

September 15, 2023

Acquisitions Industrial Northeast Pennsylvania

Venture One Acquires 61,488 SF Industrial Building in Bristol, Pennsylvania

by Taylor Williams September 15, 2023

BRISTOL, PA. — Chicago-based investment firm Venture One Real Estate has acquired a 61,488-square-foot industrial building in Bristol, a northeastern suburb of Pennsylvania. Constructed in 1988, the single-tenant building is situated within Keystone Industrial Park and features a clear height of 20 feet, 11 exterior docks, one drive-in door and 5,331 square feet of office space. The seller was not disclosed. The building was leased on a short-term basis at the time of sale. Cushman & Wakefield will handle future leasing initiatives.

September 15, 2023

Leasing Activity New York Northeast Office

Morgan Properties Opens New 17,000 SF Office in Rochester Area

by Taylor Williams September 15, 2023

VICTOR, N.Y. — Multifamily developer Morgan Properties has relocated its upstate New York office to a 17,000-square-foot space within High Point Office Park in Victor, located about 15 miles south of Rochester. The space can accommodate about 80 employees and features a break room/kitchen, private offices and workstations, conference and training rooms, meeting lounge and wellness room. Morgan Properties also has an office in South Florida in addition to its headquarters in metro Philadelphia.

September 15, 2023

Leasing Activity New York Northeast Office

Genius Sports Signs 11,870 SF Office Lease at 825 Third Avenue in Manhattan

by Taylor Williams September 15, 2023

NEW YORK CITY — Genius Sports, which provides data management and video streaming services to sports leagues, bookmakers and media companies, has signed an 11,870-square-foot office lease at 825 Third Avenue in Manhattan. The space spans the entire 26th floor. The 530,000-square-foot building recently underwent a $150 million capital improvement program. Joshua Berg and A.J. Dorn of Newmark represented Genius Sports in the lease negotiations. Tom Bow, Ashlea Aaron, Lauren Ferrentino and Bailey Caliban represented the landlord, The Durst Organization, on an internal basis.

September 15, 2023

Acquisitions Illinois Midwest Multifamily

CP Capital Sells 236-Unit Apartment Complex in Des Plaines, Illinois

by Kristin Harlow September 15, 2023

DES PLAINES, ILL. — CP Capital US has sold The Monarch, a 236-unit apartment complex in the Chicago suburb of Des Plaines. The buyer and purchase price were not disclosed. CP Capital completed The Monarch in 2020 and sold it fully leased. Amenities include a fitness center, pool, yoga studio, parking garage, game room, pet spa, dog park and clubhouse. The community is situated adjacent to Forest Preserves of Cook County, which offers numerous outdoor recreational activities and a network of hiking and biking trails.

September 15, 2023

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