Saturday, June 20, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Baylis-495-Business-Park
DevelopmentIndustrialNew YorkNortheast

Creation, J.P. Morgan Sell Long Island Industrial Facility for $44M

by Taylor Williams

MELVILLE, N.Y. — A joint venture between Creation, a developer with offices in Phoenix and Dallas, and J.P. Morgan Asset Management has sold Baylis 495 Business Park, a 103,500-square-foot industrial facility located in the Long Island community of Melville. Miami-based REIT BentallGreenOak purchased the property for $44 million. The eight-acre site is located about a mile south of the Long Island Expressway, and the building features a clear height of 32 feet, 20 dock doors and two drive-in bays. Marc Duval, Jordan Avanzato, Jason Lundy, Nicholas Stefans, Jose Cruz and Steve Simonelli of JLL brokered the deal. At the time of sale, Baylis 495 Business Park was fully leased to Keurig Dr. Pepper.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityNortheastPennsylvania

Align Precision Signs 85,396 SF Industrial Lease in Horsham, Pennsylvania

by Taylor Williams

HORSHAM, PA. — Align Precision has signed an 85,396-square-foot industrial lease at 425 Privet Road in Horsham, a northern suburb of Philadelphia. The defense and aerospace contractor is relocating from nearby Huntingdon Valley and essentially doubling its footprint. Tim Morris, Mike Maloney and Brian Smyth of CBRE represented the landlord, a partnership between Griffith Properties and DRA Advisors, in the lease negotiations. Mike Cohen of Situs Properties represented Align Precision.

Continue Reading
FacebookTwitterLinkedinEmail
Tucson-Commerce-Center-Tucson-AZ
AcquisitionsArizonaIndustrialWestern

Flint Development Divests of 806,606 SF Tucson Commerce Center in Tucson, Arizona for $118.6M

by Amy Works

TUCSON, ARIZ. — Bridge Investment Group and an undisclosed separate buyer have purchased Tucson Commerce Center, a collection of three Class A industrial/logistics buildings on 47.5 acres in Tucson. The total price was $118.6 million. Owned and developed by Flint Development, Tucson Commerce Center features 806,606 square feet of space. At the time of sale, the asset was 91 percent leased to five tenants, including prominent global and regional brands. Bridge Investment Group purchased Building II, a 259,274-square-foot, multi-tenant building, and Building III, a 244,889-square-foot, multi-tenant building, totaling a combined 504,163 square feet on 30.2 acres for $79 million. Building II is fully leased to two tenants and Building III is approximately 70.5 percent leased to two tenants, with a vacant 72,169-square-foot suite. Flint Development will stay involved in the project with Bridge as a joint venture partner. The separate buyer acquired Building I, a full leased, 302,443-square-foot, single-tenant building on 17.3 acres, for approximately $39.6 million. Located 3610 E. Valencia Road, Tucson Commerce Center features modern design and functionality including 32-foot clear heights, abundant dock and grade loading, ample car and trailer parking, exterior LED lighting and ESFR sprinklers. Will Strong, Kirk Kuller, Michael Matchett, Molly Hunt and Dean Wiley …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialNew JerseyNortheast

Woodmont Properties Completes Renovation of 30,000 SF Industrial Building in Lyndhurst, New Jersey

by Taylor Williams

LYNDHURST, N.J. — Locally based developer Woodmont Properties has completed the renovation of a 30,000-square-foot industrial building in the Northern New Jersey community of Lyndhurst. The building at 2 Terminal Road is used for both storage and distribution purposes. Specific improvements included the installation of a new roof and front entrance; fresh painting of the building’s interior and exterior; new paving and landscaping; and the addition of built-out office space and additional loading doors.

Continue Reading
FacebookTwitterLinkedinEmail
13005-13003-NE-70th-Pl-Kirkland-WA
AcquisitionsDevelopmentMultifamilyWashingtonWestern

JLL Arranges $26.2M Sale of Multifamily Development Site in Kirkland, Washington

by Amy Works

KIRKLAND, WASH. — JLL Capital Markets has arranged the acquisition of a land parcel at the corner lot of 13005 and 13003 NE 70th Place in Kirkland, across Lake Washington from Seattle. Mill Creek Residential purchased the asset from Totem Bowl and Investments for $26.2 million in an off-market transaction. The 139,223-square-foot land parcel currently features the TechCity Bowl building that will be demolished to develop a fully approved, 369-unit, mid-rise multifamily community. Of the 369 units, 36 will be affordable. Additionally, the property will offer 6,700 square feet of retail space and 425 parking stalls. Jordan Louie, Corey Marx, David Young, Chris Ross, Michael Lyford and Reed Curtis of JLL Capital Markets Investments Sales and Advisory represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeUtahWestern

VanTrust Real Estate Buys Salt Lake Lumber Building in Downtown Salt Lake City

by Amy Works

SALT LAKE CITY — VanTrust Real Estate has acquired the Salt Lake Lumber Building, located at 205 N. 400 West in downtown Salt Lake City. Terms of the transaction were not released. Originally built in 1909 as the Morrison-Merrill Lumber Co. office building, the three-story, 26,997-square-foot brick property features exposed heavy timber, brick and stone walls, maple flooring, a wood staircase, exposed wood ceilings and brick arches around the windows. VanTrust plans to convert the building into a contemporary office space and regional headquarters. Demolition and interior renovations are slated to start this summer, with delivery scheduled for early 2025.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaIndustrialWestern

Cushman & Wakefield | PICOR Brokers Sale of 24,920 SF Industrial Asset in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the acquisition of an industrial property at 3120 E. Medina Road in Tucson. Block “C” Properties LLC purchased the asset from GLRT Partners LLC for $3.8 million. Horizon Spa & Pool Parts occupies the 24,920-square-foot space. Stephen Cohen of Cushman & Wakefield | PICOR represented the buyer, while Gary Emerson of GRE Partners represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
4060-30th-St-San-Diego-CA
AcquisitionsCaliforniaOfficeWestern

F&F Properties Sells North Park Creative Office Building in San Diego for $2.7M

by Amy Works

SAN DIEGO — Dan Feder of F&F Properties has completed the sale of North Park Creative Office in San Diego to Mike Weston with Weston Legal PLLC for $2.7 million. Located at 4060 30th St., the 3,818-square-foot property was fully renovated in 2019. Renovations included high-end finishes, secured access, exposed beams, HVAC, eight private offices, a kitchen, conference room, game room, outdoor turf patios and a barbecue/fire pit. Nick Totah and Ross Sanchez of The Totah Group of Marcus & Millichap’s San Diego downtown office represented the seller and procured the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMultifamilySeniors HousingWisconsin

SLIB Arranges Sale of 100-Unit Assisted Living Property in Pleasant Prairie, Wisconsin

by Kristin Harlow

PLEASANT PRAIRIE, WIS. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Addison of Pleasant Prairie for an undisclosed price. The 100-unit assisted living and memory care community is located in Pleasant Prairie, a village along Lake Michigan and the Illinois border. The seller was an East Coast-based capital firm partnered with a national operator. The buyer was a regional owner-operator that intends to expand the campus with independent living units. Ryan Saul, Jeff Binder and Brad Clousing of SLIB brokered the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMidwestMultifamilySeniors HousingWisconsin

Jewish Family Services to Break Ground on 56-Unit Affordable Seniors Housing Community in Wisconsin

by Kristin Harlow

BROWN DEER, WIS. — Jewish Family Services Inc. is scheduled to break ground on Woodale Crossing on Thursday, May 16. The 56-unit affordable and supportive seniors housing community will be located at 4114 W. Woodale Ave. in Brown Deer, a northern suburb of Milwaukee. Of the total units, 25 percent will be reserved for persons with disabilities who are in need of support services. Residents will have access to onsite supportive services that include socialization and skill-based programming, social services and independent living support services. Jewish Family Services has a subsidiary, JFS Housing Inc., which develops affordable housing.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts