Property Type

Post-Oak-Logistics-Park-Houston

HOUSTON — Global logistics company eFulfill has preleased the entire 368,099 square feet of Building B at Post Oak Logistics Park, a 43-acre development that is under construction in southwest Houston. North Texas-based Jackson-Shaw is developing Post Oak Logistics Park, which is now fully preleased following a 168,193-square-foot deal with Festival Trading Co. earlier this year, in partnership with Greystar. Beau Kaleel and Michael Foreman of Cushman & Wakefield represented ownership in the lease negotiations. Jimo Liu, also with Cushman & Wakefield, represented the tenant.

FacebookTwitterLinkedinEmail
18217-Aurora-Ave-N-Shoreline-WA.jpg

SHORELINE, WASH. — Marcus & Millichap has arranged the sale of a retail property, located at 18217 Aurora Ave. North in Shoreline, a suburb north of Seattle. A private investor sold the asset to an undisclosed buyer for $2.9 million. AutoZone occupies the 6,030-square-foot property on a net-lease basis. The tenant recently inked an early 10-year extension with scheduled rental increases every five years for the property. Carson Breshears and Hank Wolfer of Marcus & Millichap represented the seller in the deal.

FacebookTwitterLinkedinEmail

GARLAND, TEXAS — Colliers Mortgage has provided a $13.9 million HUD-insured construction loan for Urban Village at Rosehill, a 104-unit apartment project that will be located in the northeastern Dallas suburb of Garland. The property will offer one- and two-bedroom units and amenities such as a pool, dog park, business center, fitness center and a community room. Jeff Rogers of Colliers Mortgage originated the loan through HUD’s 221(d)(4) program on behalf of the undisclosed borrower.

FacebookTwitterLinkedinEmail

FORT WORTH, TEXAS —Escalante Golf has signed a 25,000-square-foot office lease in Fort Worth. The golf course operator is taking space at Foch Street Warehouses, a 135,727-square-foot development in the city’s West 7th Entertainment District. Chris Doggett and Matthew Cheney of Stream Realty Partners represented the landlord, Asana Partners, in the lease negotiations. Gibson Duwe and Kyle Poulson of Transwestern represented the tenant.

FacebookTwitterLinkedinEmail

DALLAS — A partnership between two nonprofits organizations, substance abuse counseling services provider Youth 180 and AIDS Services of Dallas (ASD), have opened a 10,000-square-foot shared office on the city’s west side. Youth 180 sold its 10,000-square-foot building at 201 South Tyler St. to ASD and is leasing back approximately half of the space for administrative purposes and ongoing services.

FacebookTwitterLinkedinEmail
The-Knox-Manhattan

NEW YORK CITY — Affinius Capital, which is a joint venture between San Antonio-based USAA Real Estate and New York-based Square Mile Capital Management, has provided a $52 million acquisition loan for The Knox, a 110-unit apartment building in Manhattan’s Murray Hill neighborhood. Units come in studio, one- and two-bedroom floor plans, and the 36-story building also houses 2,700 square feet of ground-floor retail space. Amenities include a rooftop deck, fitness center, resident lounge and a 24-hour attended lobby. The borrower was New York-based Four Winds Real Estate.

FacebookTwitterLinkedinEmail
461-Ridge-Road-South-Brunswick

SOUTH BRUNSWICK, N.J. — Locally based developer Woodmont Industrial Partners has completed a 210,000-square-foot expansion and renovation project in South Brunswick, about 50 miles south of Manhattan. Woodmont, in partnership with Sagard Real Estate, the Denver-based firm formerly known as EverWest Real Estate Investors, renovated a 145,000-square-foot facility at 461 Ridge Road and developed a new, 65,000-square-foot facility. The property now features a clear height of 32 feet, 30 loading doors and four drive-in doors. JLL is marketing the property for lease.

FacebookTwitterLinkedinEmail

DREXEL HILL, PA. — Regional brokerage firm Hudson Atlantic has arranged the sale of Garrett House Apartments, a 57-unit multifamily building in Drexel Hill, a western suburb of Philadelphia. The property was built in 1960 and exclusively houses one-bedroom units. Adam Zweibel led the Hudson Atlantic team that brokered the deal, which traded at a price of $6 million and a cap rate of 5.75 percent. The buyer and seller, which was also the original owner, were not disclosed.

FacebookTwitterLinkedinEmail

HEMPSTEAD, N.Y. — Marcus & Millichap has brokered the $7.6 million sale of a 3,869-square-foot retail property in the Long Island community of Hempstead. The building is net leased to TD Bank and is located within Rockville Centre, an incorporated village. Scott Plasky, Michael Kook and Billy Stephan IV of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. Christopher Marks and Stephen Filippo of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.

FacebookTwitterLinkedinEmail

CONSHOHOCKEN, PA. — New York-based investment firm Midland Properties has purchased a 74,703-square-foot industrial property in Conshohocken, a northern suburb of Philadelphia. The sales price was $2.9 million. The site at 1304 Conshohocken Road spans 5.6 acres and houses multiple buildings and outdoor storage space. Steve Marzullo, Adam Silverman and Michael Roden of CBRE represented the seller, Pennsylvania-based Emanuel Properties, in the negotiations.

FacebookTwitterLinkedinEmail