Property Type

The-Place-at-Saddle-Creek-Carrollton

CARROLLTON, TEXAS — Locally based investment firm S2 Capital has acquired The Place at Saddle Creek, a 238-unit apartment community located in the northern Dallas metro of Carrollton. According to Apartments.com, the property was built in 1983 and offers one- and two-bedroom units. Select residences feature modern finishes such as quartz countertops, stainless steel appliances, balconies, fireplaces and upgraded flooring. Amenities include a pool, fitness center, pickleball and tennis courts, outdoor grilling and dining stations, business center and a dog park. S2 Capital, which assumed the undisclosed seller’s existing fixed-rate loan, plans to continue with capital improvements and rebrand the property as Brookbend.

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CONROE, TEXAS — Dallas-based investment sales brokerage firm STRIVE has arranged the sale of Teas Crossing, a 57,612-square-foot shopping center in Conroe, about 40 miles north of Houston. Built in 2008, the center was 70 percent leased at the time of sale to tenants such as Verizon Wireless, Benihana, Firehouse Subs and Massage Envy. Jake Dutson and Adam Gottschalk of STRIVE represented the seller, Houston-based development and investment firm Read King Commercial, in the transaction. John Harry of John Harry Realty Advisors represented the buyer, an undisclosed, Houston-based 1031 exchange investor.

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AMARILLO, TEXAS — Coldwell Banker Commercial First Equity has negotiated a 51,848-square-foot office lease in Amarillo. The 237,204-square-foot building at 701 S. Taylor St. is located in the downtown area. Rachel Shreffler of Coldwell Banker represented the landlord, an entity doing business as 1908 Properties LLC, in the lease negotiations. The name and representative of the tenant were not disclosed, but the space can support more than 300 employees.

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HOUSTON — Colliers has brokered the sale of a 25,992-square-foot industrial building that sits on a 2.2-acre site in southwest Houston. According to LoopNet Inc., the single-tenant building at 4303 South Drive was constructed in 2006 and features 30-foot clear heights. Christopher Winters and Walter Menuet of Colliers represented the seller, Glenmorangie LLC, in the transaction. Michael Stavinoha with Dominion International Group | eXp Realty represented the undisclosed buyer.

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NEW YORK CITY — A joint venture between nonprofit developer Community Access, affordable housing developers Spatial Equity and Duvernay + Brooks, as well as neighborhood preservation organization Cooper Square Committee, has acquired the site of the former St. Emeric church in Manhattan’s East Village. According to Wikipedia, the former Roman Catholic church was originally built around 1950 and closed in 2013 when the Parish of St. Emeric merged with that of nearby St. Brigid’s Roman Catholic Church. The joint venture plans to build more than 500 affordable housing units on the site, including homes for senior New Yorkers, formerly homeless individuals and those with special needs who qualify for supportive services. The development team expects to break ground on the first phase of the redevelopment in 2026 and may also pursue rezoning through a land use review process for the second phase. Denham Wolf Real Estate Services marketed the property for sale on behalf of the parish, which is overseen by The Archdiocese of New York.

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23-Cape-Road-Mendon-Massachusetts

MENDON, MASS. — A joint venture between Los Angeles-based PCCP LLC and regional developer Bluewater Property Group will develop a 205,445-square-foot industrial project in Mendon, about 45 miles southwest of Boston. The site at 23 Cape Road spans 21 acres, and the building will feature a clear height of 32 feet, 34 dock doors, 135-foot truck court depths, 206 car parking spaces and 20 excess trailer parking spaces. Construction is scheduled to begin later this month and be complete by summer 2025.

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Boston-East

BOSTON — CBRE has brokered the sale of a 200-unit apartment complex in East Boston. Built in 2018 and known as Boston East, the six-story building houses studio, one-, two- and three-bedroom units and amenities such as a clubroom with meeting space, sky lounge and terrace, fitness center and community arts space. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, an affiliate of Los Angeles-based investment firm American Realty Advisors, in the transaction. CBRE also procured the buyer, Goldman Sachs Alternatives.

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NEW YORK CITY — HKS Real Estate Advisors has arranged a $30 million loan for the refinancing of a 65,787-square-foot mixed-use portfolio in New York City. The portfolio consists of eight buildings in Manhattan and The Bronx that collectively total 54 multifamily units and 17 commercial units. Commercial tenants include Mr. Green Laundry, Hunter Convenience Shop, Little Amber Nails & Spa and Monster Barber Shop. Michael Lee of HKS arranged the loan through Citigroup on behalf of the undisclosed borrower.

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BORDENTOWN, N.J. — A partnership between Texas-based developer Hillwood and Atlanta-based WDG Logistics Partners will build a 179,800-square-foot speculative industrial project in the Southern New Jersey community of Bordentown. Bordentown Crossroads will feature a clear height of 36 feet, 30 dock doors and parking for 94 cars and 30 trailers. Construction is scheduled to begin at the end of summer, with completion slated for spring 2025. Newmark is marketing the property for lease.

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ST. LOUIS — Northmarq has brokered the sale of The District, a 428-unit multifamily property in St. Louis. The sales price was undisclosed. Built in 1953, the community is located at 633 McKnight Road directly off I-170. Amenities include a pool, fitness center, two dog parks, a children’s playground, clubhouse, resident lounge and barbecue areas. Dominic Martinez, Parker Stewart and Alex Malzone of Northmarq represented the seller, Freeman Webb. The buyer was a Coloardo-based private investor.

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