Thursday, May 21, 2026
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Addison-Innovation-Center
IndustrialLoansTexas

JLL Arranges Construction Financing for Industrial Redevelopment Project in Addison, Texas

by Taylor Williams

ADDISON, TEXAS — JLL has arranged an undisclosed amount of construction financing for Addison Innovation Center, an industrial redevelopment project that will be located on north of downtown Dallas. The project will convert the 12.2-acre site of an existing office and call center complex into two warehouses totaling 242,062 square feet. The buildings, which will span 140,698 and 101,364 square feet, will be able to accommodate a single tenant or multiple users. First United Bank & Trust Co. provided the five-year, floating-rate loan to the borrower, a partnership between Houston-based Lovett Industrial and Dallas-based Rosewood Property Co. Jarrod McCabe led the transaction for JLL.

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IndustrialLeasing ActivityTexas

Zyka Foods Signs 15,885 SF Industrial Lease Renewal in Irving

by Taylor Williams

IRVING, TEXAS — Zyka Foods Southwest Inc., a wholesale provider of Indian cuisine, has signed a 15,885-square-foot industrial lease renewal in Irving. According to LoopNet Inc., the building at 2737 W. Airport Freeway was constructed in 1984 and features a clear height of 20 feet, one ramp, three dock-high doors and 1,257 square feet of office space. Canon Shoults and Maddy Canty of Holt Lunsford Commercial represented the owner, Sealy & Co., in the lease negotiations. David Easterling of CBRE represented the tenant.

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Leasing ActivityRestaurantRetailTexas

Spatch Kitchen & Cocktails to Open 7,500 SF Restaurant in Cedar Hill Texas

by Taylor Williams

CEDAR HILL, TEXAS — Spatch Kitchen & Cocktails, a contemporary American concept, will open a 7,500-square-foot restaurant in Cedar Hill, a southern suburb of Dallas. The space is located within Hillside Village, an open-air retail center that is also home to tenants such as Dick’s Sporting Goods, Barnes & Noble, Old Navy, H&M, F21 Red and Victoria’s Secret. Gretchen Miller, Emilie Paulson and Bryn Carden of Weitzman represented the landlord, PREP Property Group, in the lease negotiations. Morrow Hill represented the tenant, which plans to open this summer.

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Grandview-Terrace-Jersey-City
AcquisitionsAffordable HousingMultifamilyNew JerseyNortheastSeniors Housing

Hudson Valley Property Completes Renovation of 283-Unit Affordable Seniors Housing Complex in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Hudson Valley Property Group has completed the renovation of Grandview Terrace Apartments, a 283-unit affordable seniors housing complex in the Journal Square area of Jersey City. The $15.2 million, 16-month project upgraded the cabinetry, countertops, appliances, lighting, flooring, walls and water fixtures in the units and added amenities such as a new sky lounge with a stretching room, community room, library and a computer center. KeyBank provided construction financing for the project, and that loan was refinanced under HUD’s 223(f) program upon completion. 

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DevelopmentMultifamilyNortheastPennsylvania

Milhaus, BAM Capital to Develop 272-Unit Multifamily Project Near Pittsburgh

by Taylor Williams

ROBINSON TOWNSHIP, PA. — A partnership between two Indiana-based firms, developer Milhaus and investment firm BAM Capital, will develop a 272-unit multifamily project just west of Pittsburgh in Robinson Township. Known as Nox Living, the property will feature studio, one-, two- and three-bedroom floor plans and amenities such as a pool, fitness center, coworking space, resident lounge and outdoor grilling and dining stations. The development team expects to begin construction by July and is aiming to deliver the first units by late 2025.

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AcquisitionsIndustrialNew JerseyNortheast

Dalfen Industrial Acquires 92,400 SF Industrial Building in Oakland, New Jersey

by Taylor Williams

OAKLAND, N.J. — Dallas-based investment firm Dalfen Industrial has acquired Thornton Logistics Center, a 92,400-square-foot industrial building in Oakland, located in Bergen County in Northern New Jersey. The sales price was $14.6 million. The building is located within the 1.7 million-square-foot Oakland Industrial Park and features a clear height of 22 feet. Thornton Logistics Center was fully leased at the time of sale. Jordan Avanzato, Marc Duval, Nicholas Stefans and Jason Lundy of JLL brokered the off-market deal. The seller was not disclosed.

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DevelopmentIndustrialMassachusettsNortheast

Polar Design Build Delivers 34,000 SF Truck Service Facility in Middleton, Massachusetts

by Taylor Williams

MIDDLETON, MASS. — Locally based general contractor Polar Design Build has delivered a 34,000-square-foot truck service facility in Middleton, a northern suburb of Boston. The facility is a build-to-suit for dealer Kenworth Northeast and will house offices, service bays and showroom space. About 40 people will work at the facility at full operation. Other project partners included Maugel DeStefano Architects, Flood Consulting and CBC Engineers.

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Leasing ActivityLife SciencesMassachusettsNortheast

Type One Energy Group Signs 15,500 SF Life Sciences Lease in Woburn, Massachusetts

by Taylor Williams

WOBURN, MASS. — Type One Energy Group has signed a 15,500-square-foot life sciences lease in the northern Boston suburb of Woburn. The Wisconsin-based provider of clean energy solutions is relocating from nearby Somerville to 299 Washington St., which is owned by Cummings Properties. The new space will house office, manufacturing and lab uses. Al Diamond internally negotiated the lease on behalf of Cummings Properties. No third-party brokers were involved in the deal.

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AcquisitionsIllinoisMidwestRetail

Mid-America Real Estate Brokers Sale of 115,754 SF Oak Forest Commons Shopping Center in Suburban Chicago

by Kristin Harlow

OAK FOREST, ILL. — Mid-America Real Estate Corp. has brokered the sale of Oak Forest Commons, a 115,754-square-foot shopping center in the Chicago suburb of Oak Forest. The sales price was undisclosed. The value-add property presents the opportunity for ownership to lease up grocer space formerly occupied by Food 4 Less. Rick Drogosz, Ben Wineman and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors. The asset sold to First Tek. The property was managed by Pine Tree.

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AcquisitionsMidwestMissouriMultifamilySeniors Housing

Merrill Gardens Acquires 103-Unit Senior Living Community in Springfield, Missouri

by Kristin Harlow

SPRINGFIELD, MO. — Merrill Gardens has acquired Mission Ridge, a 103-unit senior living community in Springfield, a city in southwest Missouri. The property features one- and two-bedroom residences offering independent living, assisted living and memory care. The purchase price and seller were undisclosed. Merrill Gardens, a privately held company, now operates 65 communities in 17 states.

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