COLUMBUS, OHIO — Semi-Stow has opened a 12.5-acre semi-truck parking property at 3815 Lockbourne Industrial Parkway in Columbus. The truck yard marks Semi-Stow’s first location in metro Columbus and its second Midwest yard opening in 2024. The yard provides trucking companies and private fleets with a base for regional and intermodal freight movement. The location provides convenient access to Rickenbacker International Airport and major freight corridors including I-70, I-71, US Route 33 and the Ohio State Route 104 bypass. The property features more than 375 spaces for tractor-trailers and other heavy-duty vehicles. Daily, monthly and long-term reservations are available to owner-operators and fleets of all sizes, and larger fleets can reserve space by the acre. The yard features secure fencing with barbed wire, AI-powered gates, 4k cameras and stadium lighting. Semi-Stow maintains a portfolio of 30 truck parking locations totaling 7,000 parking spaces nationwide.
NEW YORK CITY — Hobby Lobby has opened a 42,000-square-foot store in Staten Island. The store at 280 Marsh Ave. is the Oklahoma-based arts and crafts retailer’s first in New York City and 25th in New York state. Brian Katz and Daniel DePasquale of Katz & Associates, along with Graeme Keith of The Keith Group, represented Hobby Lobby in the lease negotiations. Brookfield Properties owns the building.
CHICAGO — Peak Realty has rebranded to Cross Street. The Chicago-based firm, which specializes in multifamily leasing and investment, expanded to Denver last year with the opening of a second office. In five years, the Cross Street team has doubled, with more than 12,000 units leased and over $200 million in closed multifamily sales. The company says that the name “Cross Street” and tagline “The corner of people and place” represents the important connections and intersecting parts of life and business. Cross Street plans to expand to more markets, particularly urban areas.
MUSKEGO, WIS. — Midwest Twisters, a company that facilitates gymnastics, ninja and parkour for youth, has leased a 10,922-square-foot industrial space in Muskego, a southwest suburb of Milwaukee. The industrial flex property is located on Mercury Drive with convenient access to Racine Avenue, a main thoroughfare in Muskego. Anthony Stevens of NAI Greywolf represented the undisclosed landlord.
NEW YORK CITY — UpSlide, a provider of automated document solutions, has signed a 10-year, 9,536-square-foot office lease at 10 Grand Central in Midtown Manhattan. UpSlide will lease space on the sixth floor of the building, which was originally constructed in the 1930s and recently underwent a $45 million capital improvement program. Lexie Perticone of Cushman & Wakefield represented UpSlide in the lease negotiations. Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Schwartz of JLL represented the landlord, Marx Realty.
LIVINGSTON, N.J. — Two new tenants have joined the roster at Livingston Town Center, a 65,523-square-foot shopping center in Northern New Jersey. Bergen Debate Club and Monmouth Cards have leased 1,194 and 2,034 square feet, respectively. Kevin Pelio of Azarian Realty internally negotiated both leases on behalf of ownership and also represented Bergen Debate Club. Ryan Starkman of Pierson Commercial represented Monmouth Cards.
NEW YORK CITY — Walker & Dunlop has arranged a $108 million CMBS loan for a four-property office portfolio located across the Sun Belt. The properties span nearly 1 million square feet and are located in Alpharetta, Ga.; Plano, Texas; Raleigh, N.C.; and Falls Church, Va. Sean Reimer, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz and Christopher de Raet of Walker & Dunlop’s New York City office arranged the financing through Goldman Sachs and Argentic. The borrowers are affiliates of Vero Capital and Prime Finance. The recapitalization allows the borrowers to have $20 million of available capital for leasing costs and capital improvements for the portfolio.
JOHNS CREEK, GA. — Toro Development Co., a development firm founded by former North American Properties executive Mark Toro, has acquired a land site in the northern Atlanta suburb of Johns Creek for its upcoming Medley mixed-use development. Toro acquired the 43-acre site, which is located at the intersection of Johns Creek Parkway and McGinnis Ferry Road, for $44 million. Currently the site features a four-story office building, a demolished site of another office building and surface parking. Plans for Medley call for 200,000 square feet of retail, restaurant and entertainment space; 900 luxury residences, featuring a mix of townhomes and apartments; 110,000 square feet of office space; and a central green space. Committed tenants at Medley include Ford Fry’s Little Rey, CRÚ Food & Wine Bar, Fadó Irish Pub, Summit Coffee, Lily Sushi Bar, Knuckies Hoagies, Cookie Fix, Sugarcoat Beauty, BODY20 and AYA Medical Spa. Len Erickson and Kaitlyn Theriot of Franklin Street handle Medley’s retail leasing assignment, and Bryan Heller and Parker Welton of Stream Realty Partners handle office leasing. Medley’s design-build team includes architect Nelson Worldwide, engineer Kimley-Horn and landscape architect Site Solutions.
MIAMI — Ares Management Real Estate has provided a $50 million loan via one of its funds for the refinancing of Soleste Spring Gardens, a newly delivered apartment community in Miami’s Spring Garden district. The eight-story community is located at 1033 Spring Garden Road, two blocks from the Culmer Metrorail station. Brian Gaswirth, Chris Drew, Jesse Wright and J.J. Hovenden of JLL arranged the loan on behalf of the borrowers, The Estate Cos. and FHCP LLC. The co-developers recently obtained a certificate of occupancy (CO) at Soleste Springs Garden, which offers studios, one- and two-bedroom units ranging in size from 400 to 1,100 square feet. Rental rates begin at $2,011, according to the property website. Amenities include a resort-style pool with a sun deck and private cabanas, outdoor kitchen and bar, dog park, pet spa, yoga lawn and electric car charging stations.
LEXINGTON, KY. — Newmark has brokered the $19.7 million sale of Triple Crown at Tates Creek, a 228-unit apartment community in Lexington. RFM Property Group purchased the garden-style property from Monument Capital Management. Matt Newcomer of Newmark represented the seller in the transaction. Additionally, Henry Stimler and Ricky Warner of Newmark arranged a $15 million Fannie Mae acquisition loan on behalf of the borrower. Triple Crown at Tates Creek, which was 94 percent occupied at the time of sale, is situated less than five miles from downtown Lexington and the University of Kentucky.