ARLINGTON, TEXAS — Miami-based investment firm Easton Group has purchased two industrial buildings totaling 72,800 square feet in Arlington. The buildings, which were both completed in the 1980s, total 47,800 and 25,000 square feet and are leased to commercial printing company Digital Room. Stephen Bailey of Newmark represented the seller, a joint venture between Prattco Creekway and Investcorp, in the transaction.
TUXEDO, N.Y. — Related Cos. has begun leasing a 336-unit apartment community in Tuxedo, located in the Hudson Valley region. Designed by Aurae, the residences are part of The Village at Tuxedo Reserve, a mixed-use town center that anchors the 1,200-acre Tuxedo Reserve master-planned community. Units come in one- and two-bedroom floor plans, and amenities include a pool, fitness center, basketball, squash tennis and pickleball courts, a dog park, playground, coworking space, resident lounges and direct access to hiking and biking trails.
WOBURN, MASS. — Kadima Industrial Partners has purchased a 62,500-square-foot building in Woburn, a northern suburb of Boston. The shallow-bay building at 215 Salem St. features 16 loading docks, a clear height of 17 feet and 90-foot truck court depths. Tommy Hovey, David Coffman and Michael Restivo of JLL represented the undisclosed seller in the transaction. Ryan Parker, also with JLL, arranged acquisition financing for the deal through Webster 5 Cent Savings Bank. The building was leased to eight tenants at the time of sale.
NEW YORK CITY — The New York City School Construction Authority (SCA) will open a 54,245-square-foot STEAM (Science, Technology, Engineering, Arts & Mathematics) school in The Bronx. The space will span two floors within Hutchinson Metro Center, a 361,857-square-foot mixed-use property in the borough’s Morris Park area that is owned by Simone Development Cos. The school is currently operating within a temporary space on Mercy University’s Bronx campus, serving about 100 students from local high schools.
BEDFORD, MASS. — Affinity Group Food Service NE has signed a 13,000-square-foot office lease in Bedford, a northwestern suburb of Boston. The food-and-beverage sales and marketing company will relocate its headquarters this fall from Lawrence to Bedford Woods, a two-building, 330,000-square-foot complex that was developed in 2001. Cummings Properties owns Bedford Woods.
JACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood. Andy Effler of BWE led the team that closed the three-year, floating-rate loan through BlackRock affiliate HPS on behalf of the borrower, RISE, A Real Estate Company. The locally based developer is using the nonrecourse loan to retire the existing senior construction loan from Benefit Street Partners and the mezzanine loan from Pearlmark Real Estate, as well as funding reserves while RISE at Glen Kernan Park is in lease-up. The 308-unit property is reserved for households age 55 and older and features a mix of 109 one-bedroom and 127 two-bedroom luxury apartments, as well as 72 single-story cottage units with attached garages. Monthly rental rates range from $1,704 to $3,871, according to Apartments.com. Amenities include a fully equipped fitness facility, resort-style pool, pickleball courts and a bar and lounge room.
ARLINGTON, VA. — Piedmont Realty Trust Inc. has purchased a 188,014-square-foot office building located at 4075 Wilson Blvd. in Arlington’s Ballston submarket. A partnership between Rithm Capital Corp., GreenBarn Investment Group and FarmViewVentures sold the property for $56.3 million. Jud Ryan, James Cassidy and Grant Marley of Newmark represented the sellers in the transaction. Rithm, GreenBarn and FarmView purchased the office property in September 2024 and invested approximately $6 million in capital improvements, which helped generate more than 90,000 square feet of new leasing activity. Office tenants at 4075 Wilson include Nalej Corp., KnowBe4, Systems Planning & Analysis and OpenText Public Sector. The ground-level retail space is fully leased to Sweetgreen, Grazie Nonna, Van Leeuwen Ice Cream and Pinnacle Bank.
ROGERS, ARK. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $53 million loan for the refinancing of The Grove, a 235-unit build-to-rent (BTR) residential community in Rogers. John Brickson of MMCC’s Dallas office arranged the three-year, nonrecourse loan on behalf of the borrower, a joint venture between Brittenum Group and Realty Capital Partners. The direct lender was not disclosed. Built in 2024, The Grove was 94.5 percent occupied at the time of financing and comprises 123 detached, two-story cottages and 112 attached townhome-style residences. Amenities include a resort-style pool, 24-hour fitness center, golf simulator, package lockers, coworking offices, a community kitchen and a pickleball court.
TRINITY, FLA. — Colliers has negotiated the sale of Trinity Village Center, a 76,834-square-foot shopping center located in Trinity, roughly 30 miles north of Tampa. According to the Tampa Bay Business Journal, Crow Holdings purchased the center for $23 million. Tommy Isola and Whitaker Leonhardt of Colliers represented the buyer, Colterra Capital Corp., in the transaction. Trinity Village Center was 93 percent leased at the time of sale to tenants including Bonefish, Synovus Bank and Tampa General.
CHINO HILLS, CALIF. — Stockdale Capital Partners, together with funds managed by Hamilton Lane, has purchased The Shoppes at Chino Hills, an open-air lifestyle center in Chino Hills, for $157 million. The buyer plans to rename the property The Shops at Chino Hills. Stockdale led the acquisition, with Hamilton Lane as a co-investor. Originally developed in 2008, The Shops at Chino Hills features 378,140 square feet of retail, restaurants and experiential space situated on more than 25 acres at 13920 City Center Drive. Trader Joe’s and Barnes & Noble anchor the center, which serves a customer base of more than 300,000 residents within a five-mile radius. Stockdale plans to invest in the community and property with a rebranding, remerchandising and repositioning strategy to be shared at a later time. Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup of CBRE marketed the asset.