ARLINGTON, TEXAS — GREA, a multifamily brokerage firm with a dozen offices around the country, has arranged the sale of Sawyers Mill, a 133-unit apartment complex in Arlington. Built in 1969, Sawyers Mill offers one- and two-bedroom units and amenities such as two pools, a business center, outdoor grilling and dining stations and onsite laundry facilities. Mark Allen led the GREA team that brokered the deal. The buyer and seller were not disclosed.
TEXAS CITY, TEXAS — Wan Bridge, a Texas-based developer of build-to-rent residential communities, has completed a 76-unit project in Texas City, located southeast of Houston. The project represents Phase I of Crystal View at Lago Mar and features two-story, duplex and triplex homes that range in size from 1,429 to 1,883 square feet. Phase II will consist of 75 units that are expected to be delivered by the end of the year. Residents have access to a beach club and the 12-acre Lago Mar crystal lagoon, as well as kayaking and sailboarding rental services. Information on starting rents was not disclosed.
SAN ANTONIO — Partners Real Estate has negotiated a 23,880-square-foot office lease in northeast San Antonio. According to LoopNet Inc., the property at 11711 IH-35 was built in 1994, renovated in 2009 and spans 186,337 square feet. Dan Gostylo and Steve Garza of Partners represented the tenant, Workforce Solutions, a provider of job-seeking services, in the lease negotiations. Adam Lippstone of Caisson Real Estate Brokerage represented the undisclosed landlord.
HOUSTON — Square Robot Inc., a provider of energy equipment and solutions, has signed a 14,200-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 12302 FM 529 was built in 2014 and totals 55,516 square feet. Christian Villarreal and Jack Gaffney of Finial Group represented the tenant in the negotiations for the seven-year lease. Brandon Wuntch and Drew Altmann of Fritsche Anderson Realty Partners represented the undisclosed landlord.
NEW YORK CITY — Developer JCS Realty is underway on construction of Bruckner House, a 365-unit multifamily project in The Bronx. The site is located at 40 Bruckner Blvd. in the Mott Haven neighborhood on the borough’s south side. Bruckner House offers studio, one- and two-bedroom units and amenities such as a fitness center, coworking areas, a movie theater and a rooftop pool and lounge area. Project partners include S9 Architecture and EP Engineering.
FLEMINGTON, N.J. — Marcus & Millichap has arranged the $6.2 million sale of The Shoppes at Flemington, a 130,613-square-foot shopping center in Central New Jersey. Home Goods and Ulta Beauty anchor the center as part of a roster of 26 national and local tenants. Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were limited liability companies that requested anonymity.
PITTSBURGH — JLL has brokered the sale of the 127-room Hyatt Place Pittsburgh Airport Robinson Mall hotel. The hotel offers an indoor pool, fitness center and onsite dining options, as well as proximity to destinations such as Acrisure Stadium, the Pittsburgh Zoo, Settlers Cabin Park, S&T Bank Music Park, PPG Arena and the Pittsburgh Botanical Gardens. Philip White led the JLL team that represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW YORK CITY — CoreWeave, a provider of cloud infrastructure services, has signed a 17,421-square-foot office lease at 33 Whitehall St. in Manhattan’s Financial District. CoreWeave will occupy the top floor of the 30-story building, which is known locally as Broad Financial Center. Jonathan Cope and Edward Goldman of CBRE represented the landlord, Stawski Partners, in the lease negotiations. Dan Posy and Ian Lipman of JLL represented the tenant.
NEW YORK CITY — Cushman & Wakefield has arranged a 13,671-square-foot office lease at 300 Park Avenue South in Midtown Manhattan. Rockrose Development owns the 14-story building, which was originally constructed in 1910. Josh Kuriloff, Matthias Li, Drew Braver, Remy Liebersohn and Heather Thomas of Cushman & Wakefield, along with internal agent Rob Fink, represented the landlord in the lease negotiations. Greg Wang, Christine Colley and Thomas Swartz of JLL represented the tenant, e-commerce firm 1stDibs.
BELLEVUE, KIRKLAND, SEATAC AND SEATTLE, WASH. — JLL Capital Markets and JLL Public Institutions have arranged $139.6 million in financings from The Amazon Housing Equity Fund over the last six months. The loans are for the development and preservation of 11 affordable housing communities, totaling 1,970 units, spread across the Puget Sound region of Washington State. JLL acted as the credit underwriter for Amazon, which provided long-term, fixed-rate loans for nine separate borrowers. Through Amazon Housing Equity Fund, Seattle-based tech giant Amazon provided low-rate subordinate financing to carry out the acquisition, construction and rehabilitation of the properties and assure that the properties will deliver high-quality housing and 99-year income rent restrictions. The properties included in the financing are: C.W. Early, Mary Davis and David Lott of JLL Capital Markets Debt Advisory worked with Amazon to underwrite and structure the transactions, while Martine Combal and Eileen Tumalad of JLL’s Public Institutions will focus on program management for Amazon.
