LA MARQUE, TEXAS — Public Storage is underway on a 606-unit expansion project in La Marque, located southeast of Houston. The expansion will add 87,124 net rentable square feet of climate-controlled space to the existing facility, which also features RV parking with some larger 90-foot, drive-thru units. California-based Public Storage is both the operator and owner of the facility. Triad Construction is the general contractor for the project, which is slated for a November completion.
FORT WORTH, TEXAS — Greystone has arranged $22.9 million in financing for The Barcelona on Chisholm Trail, a 248-unit multifamily property in Fort Worth. The property consists of 17 buildings on 10 acres and offers amenities such as a pool, playground, dog park, outdoor lounge areas, business center, fitness center and a clubhouse. Lance Wright, Thomas Wayda and Dante Distefano of Greystone arranged a $19.5 million bridge loan through an undisclosed debt fund on behalf of the borrower, MBP Capital Partners. Additionally, Matthew Zisler of Greystone secured a $3.4 million preferred equity investment from Lubert-Adler Real Estate Funds.
ARLINGTON, TEXAS — SVN | Dunn Commercial has brokered the sale of a 56,905-square-foot industrial building in Arlington. According to LoopNet Inc., the property at 3701 Dalworth St. was built on five acres in 1966 and features 18-foot clear heights. David Dunn and Courtney Stanford of SVN | Dunn represented the seller in the transaction. Chris Wong of Bradford Commercial Real Estate Services represented the buyer. Both parties requested anonymity. The deal traded at a cap rate of 3.37 percent.
HOUSTON — Harbor Capital has purchased a 50,000-square-foot industrial property in northwest Houston. The newly built, multi-tenant property is known as The Workshops at Breen. Brandon Wuntch and Drew Altmann of Cresa represented the seller, Zermeno GTB LP in the transaction. Austin Honey, Tim Thomas, Andrew Nguyen and Jace Martin of LandPark Brokerage represented Harbor Capital.
WORCESTER, MASS. — The University of Massachusetts (UMass) has completed a $350 million academic project at Chan Medical School at the university’s Worcester campus. The building encompasses 350,000 square feet of lab, educational, research and administrative space across nine floors that will be used to support the work of all three graduate schools on campus. Shawmut Design & Construction provided general contracting and construction management services for the project. ARC/Architectural Resources Cambridge designed the facility in collaboration with ZGF Architects.
NEWPORT, N.J. — The LeFrak Organization has begun leasing Bisby, a 34-story apartment tower in Newport, located across the Hudson River from Lower Manhattan. Designed by Minno & Wasko Architects & Planners with interiors by Woods Bagot, Bisby houses 385 units in studio, one-, two-, three- and four-bedroom configurations. Amenities include a coworking center, golf simulator, dedicated content studio and a dog spa, as well as a 33,000-square-foot landscaped rooftop terrace with a pickleball court, dog run and an outdoor kitchen. Rents start at $3,445 per month for a studio apartment.
PLYMOUTH, MASS. — A partnership between New York-based retail investment firm DLC and Temerity Strategic Partners has acquired Colony Place, a 400,000-square-foot shopping center located south of Boston in Plymouth, for $86 million. Phase I of Colony Place was constructed between 2005 and 2008, and Phase II was completed in 2016. Colony Place was 94 percent leased at the time of sale. Tenants include Aldi, Best Buy, Dick’s Sporting Goods, Burlington, Bath & Body Works, Michaels, Five Below, Gamestop and Men’s Wearhouse. The seller was not disclosed.
NEW YORK CITY — Cushman & Wakefield has arranged a $69.1 million loan for the refinancing of a 618,414-square-foot industrial property in the Jamaica neighborhood of Queens. The property consists of two interconnected five- and six-story buildings that were originally constructed in 1923 and were previously home to several manufacturing and distribution tenants, including the Edward Langer Printer Co. Building features include 14 loading docks and 127 parking spaces. Gideon Gil and Dale Braverman of Cushman & Wakefield placed the debt through ACORE Capital on behalf of the borrower, KABR Group.
ST. LOUIS — Locally based Good Developments Group is redeveloping a former industrial manufacturing site in St. Louis into Crunden Martin, a 500,000-square-foot mixed-use project. The property will serve as the initial phase of the 100-acre, $1.2 billion Gateway South Advanced Building Collaboration District, which is scheduled to break ground in the third quarter. Tom Ray of CBRE will market the space for lease. Phase I redevelopment plans include revitalizing the site’s seven conjoined buildings into a mixed-use workspace featuring prototyping spaces, offices, food-and-beverage retail, production facilities and other amenities designed for construction-focused tenants. Gateway South will feature more than 1.5 million square feet of light manufacturing facilities across a mixed-use neighborhood south of the Gateway Arch. Crunden Martin is slated for completion in the second quarter of 2026.
CHICAGO — Concord Summit Capital LLC has arranged $10 million in mezzanine financing for the construction of a luxury apartment complex in Chicago. Daniel Eidson, David Larson and Keegan Burger of Concord Summit arranged the financing, which included a senior loan with a C-PACE component. The project will feature amenities such as a fitness center, lounge, game room, private event space, outdoor pool and ground-floor coworking spaces. The lender and borrower were not disclosed.