Property Type

adjacent to the Fort Worth Alliance Airport, with immediate access to State Road 114 and I-35.

Victaulic Acquires 213,581 SF Industrial Property in Fort Worth

by Taylor Williams August 30, 2023

FORT WORTH, TEXAS — Victaulic, a producer of piping and fire protection products, has acquired a 213,581-square-foot, newly built industrial property in Fort Worth. The developer, Stonemont Financial Group, broke ground on the project in late 2021 with plans to deliver a speculative facility. Victaulic approached Stonemont several months into construction to purchase the shell, which the company then designed and built out to its specifications. Trey Fricke of Lee & Associates represented Victaulic in the acquisition of the property, which features 98 parking spaces, 35 trailer stalls and 38 dock doors. Ann Jaggars and Tony Creme of KBC Advisors represented Stonemont.

August 30, 2023

Acquisitions Retail Texas

STRIVE Arranges Sale of 13,910 SF Retail Strip Center in Arlington

by Taylor Williams August 30, 2023

ARLINGTON, TEXAS — Dallas-based investment sales brokerage firm STRIVE has arranged the sale of College Crossing, a 13,910-square-foot retail strip center in Arlington. Hudson Lambert of STRIVE represented the seller and procured the buyer, both of which were locally based entities that requested anonymity, in the transaction. The center was fully leased at the time of sale to tenants such as Caress Dental, Soleil Cutz, Crown’s BBQ and Foxi Nails.

August 30, 2023

Acquisitions Office Texas

Newcor Negotiates Sale of 8,300 SF Office Building in Spring, Texas

by Taylor Williams August 30, 2023

SPRING, TEXAS — Locally based brokerage firm Newcor Commercial Real Estate has negotiated the sale of an 8,300-square-foot office building located at 26414 Oak Ridge Drive in the northern Houston suburb of Spring. According to LoopNet Inc., the property was built in 1971 and renovated in 2022. Ryan Dierker of Newcor represented the owner and former occupant, TruRealty Properties, in the transaction. Adriatico Group represented the buyer, Voss Law.

August 30, 2023

Industrial Leasing Activity Texas

Finial Group Secures 6,800 SF Industrial Lease in San Antonio

by Taylor Williams August 30, 2023

SAN ANTONIO — Houston-based brokerage firm Finial Group has secured a 6,800-square-foot industrial lease at 1053 Grubb St. in San Antonio. According to LoopNet Inc., the property, which offers renovated office and warehouse space, was built in 1979 and features 14- to 18-foot clear heights. David Durham, Patrick Rubsamen and Jack Gaffney of Finial Group represented the landlord, Sea of Japan Holdco LLC, in the lease negotiations.

August 30, 2023

Development Industrial Northeast Pennsylvania

Portman Acquires 169 Acres in West Philadelphia to Develop 1.9 MSF Industrial Park

by Taylor Williams August 30, 2023

PHILADELPHIA — Atlanta-based developer Portman has acquired 169 acres in West Philadelphia for the construction of I-76 Trade Center, an industrial park that will ultimately total approximately 1.9 million square feet. To be developed in two phases, I-76 Trade Center will be a three-building campus, with vertical construction of Phase I scheduled to begin in the fall. Phase I will feature a 636,120-square-foot building that is slated for an August 2024 delivery. Phase II will include a 1.1 million square-foot-facility and a 154,440-square-foot building. Portman expects to have substantially completed the project by the first quarter of 2025.

August 30, 2023

Acquisitions Mixed-Use New York Northeast

Rosewood Realty Arranges $36.5M Sale of Manhattan Mixed-Use Building

by Taylor Williams August 30, 2023

NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $36.5 million sale of a 15-story mixed-use building located at 159-161 W. 54th St. in Manhattan’s Hell’s Kitchen neighborhood. The building was originally constructed in 1923 and houses 42 apartments, five retail spaces and 11 office suites. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood represented the seller, a partnership between private investor Sol Kurtz and Rubin Schron of Cammeby’s International, in the transaction. The trio also procured the buyer, a private family office.

August 30, 2023

Development Massachusetts Multifamily Northeast

Nauset Construction Underway on 38-Unit Multifamily Project in Cambridge

by Taylor Williams August 30, 2023

CAMBRIDGE, MASS. — Nauset Construction is underway on a 38-unit multifamily project in Cambridge. The project is a three-story vertical addition to the Crimson Galeria building in Harvard Square. The owner of the building, Crimson Galeria LP, originally planned to construct office space atop the existing structure but pivoted to residential during the pandemic, receiving a special permit from the city in the process. NELSON Worldwide is the architect for the project, which will feature studio, one- and two-bedroom apartments, with roughly 20 percent of the residences designated as affordable. Ownership recently added two new tenants to the roster of retailers, which includes Shake Shack, Maharaja, Veggie Grill, Menya Jiro and Core Power Yoga. Delivery is slated for late 2025.

August 30, 2023

Leasing Activity New Jersey Northeast Retail

Pure Hockey Signs 11,340 SF Retail Lease in Kenilworth, New Jersey

by Taylor Williams August 30, 2023

KENILWORTH, N.J. — Sporting equipment retailer Pure Hockey has signed a retail lease to open an 11,340-square-foot store in the Central New Jersey community of Kenilworth. The tenant, which operates about 60 stores nationwide, has backfilled and converted a space formerly occupied by a laundromat/dry cleaner. Marc Palestina and Chuck Lanyard of The Goldstein Group represented the landlord, an entity doing business as Kenilworth 2480 Route 22 LLC, in the lease negotiations. Dean Tselepis of Newmark represented the tenant.

August 30, 2023

Acquisitions NAI New Jersey Northeast Office

NAI Hanson Brokers Sale of 4,232 SF Office Building in Franklin, New Jersey

by Taylor Williams August 30, 2023

FRANKLIN, N.J. — NAI James E. Hanson has brokered the sale of a 4,232-square-foot office building in the Central New Jersey community of Franklin. The building at 195 N. Church Road houses four suites, basement storage space and onsite parking. Joseph Vindigni of NAI Hanson represented both the seller, LSC Properties LLC, and the buyer, an entity doing business as 195 N Church LLC, in the transaction.

August 30, 2023

Industrial Kansas Leasing Activity Midwest

Standard Motor Products Leases 574,732 SF Industrial Building at Hunt Midwest’s Heartland Logistics Park in Kansas

by Kristin Harlow August 30, 2023

SHAWNEE, KAN. — Standard Motor Products has leased Building II at Hunt Midwest’s Heartland Logistics Park in Shawnee. The global manufacturer and distributor of premium automotive parts will relocate from Edwardsville, Kan., to the 574,732-square-foot facility. The new space provides the tenant with 200,000 more square feet than its current footprint. The 113-acre Heartland Logistics Park will support more than 1 million square feet of industrial space. Plans call for a third building totaling 846,450 square feet and a fourth building spanning 187,200 square feet. The project team for Building II included Renaissance Infrastructure Consulting for civil engineering, Finkle + Williams Architecture for building design and Brinkmann Constructors as the general contractor. Louis Pascuzzi and Mark Long of Newmark Zimmer represented Standard Motor Products in the lease. Ed Elder and John Stafford of Colliers are handling leasing of the park.

August 30, 2023

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