FARMERS BRANCH, TEXAS — Daltex Glass & Aluminum has signed an 11,430-square-foot industrial lease expansion in the northern Dallas suburb of Farmers Branch. The tenant, which also renewed its lease as part of the deal, has doubled its footprint at the building at 11431 Ferrell Drive, which according to LoopNet Inc. was built in 1981. Andrew Gilbert and Jon Skidmore of Holt Lunsford Commercial represented the landlord, locally based investment firm ATCAP Partners, in the lease negotiations.
PHOENIX — Mark-Taylor Residential, Scottsdale, Ariz.-based Sunbelt Holdings and Boston-based Rockpoint have developed The Hillburn, a build-to-rent multifamily community in North Phoenix. Located at 2550 W. North Foothills, the community is minutes from the Norterra shopping and dining district and near the Taiwan Semiconductor Manufacturing Co. facility. The Hillburn features 283 three-bedroom townhomes, ranging from 1,729 square feet to 2,291 square feet, and two-, three- and four-bedroom single-family detached homes, ranging from 1,323 square feet to 2,338 square feet. Each residence offers two-car garages with electric vehicle charging, covered patios, porches and private backyards. The floor plans feature expansive living areas, modern kitchens with oversized islands, spa-inspired bathrooms, smart-home technology and premium finishes throughout. Community amenities include a 6,200-square-foot clubhouse with a pool, fitness center, golf simulator and a complimentary coffee bar. Additional amenities include a dog walking path, park, children’s playground, pickleball court and basketball court.
SEATTLE — Sonnenblick-Eichner Co. has arranged $24 million in first mortgage debt to refinance Cedarbrook Lodge in Seattle. A private real estate debt fund provided the nonrecourse, floating-rate, interim five-year loan. Located at 18525 36th Ave. S, Cedarbrook Lodge features a 167-room, full-service hotel situated on 7 acres of restored wetlands, more than 17,000 square feet of meeting space, a 1,600-square-foot fitness center, the 3,000-square-foot The Spa at Cedarbrook Lodge and Copperleaf Restaurant & Bar. Additionally, the property is less than two miles east of Seattle-Tacoma International Airport.
ENUMCLAW, WASH. — Coldwell Banker Commercial has arranged the sale of an industrial building located at 1920 Garrett St. in Enumclaw. Thundering Mountain LLC sold the asset to Cascadia Collection and DC Auto Transport for $7.9 million. Situated on 1.2 acres, the property offers 36,160 square feet of industrial space. Brandon Thomas of Coldwell Banker Commercial represented the seller in the deal.
FRESNO, CALIF. — CBRE’s Retail Investment Properties – West has directed the sale of Shops at The Marketplace at El Paseo in Fresno. A private investor acquired the asset from an undisclosed seller for $7.1 million. James Tyrrell, Megan Lanni and Jimmy Slusher of CBRE handled the transaction.
WHITESTOWN, IND. — JLL Income Property Trust has acquired Whitestown Distribution Center III, a Class A industrial facility in the Indianapolis suburb of Whitestown, for approximately $60 million. The 605,000-square-foot property is fully leased to a single tenant with a seven-year remaining lease term featuring 2.5 percent annual escalations. Developed in 2023, the asset features a clear height of 36 feet.
KANSAS CITY, MO. — BAM Capital has acquired Kinsley Forest Apartments, a 328-unit multifamily community in Kansas City. The property marks the second acquisition within the BAM Multifamily Growth Fund V and the third in the BAM Preferred Credit Fund. Built in 2018, Kinsley Forest is situated in the Clay County submarket and is roughly 97 percent occupied. BAM Capital will transition property operations to its vertically integrated platform, BAM Management.
MATTOON, ILL. — SVN Chicago Commercial has brokered the $17.1 million sale of the 102-room Hilton Garden Inn Mattoon. Constructed in 2022, the property is located at 100 Coles Centre Parkway and features Hilton’s new branded layout. Derek Gonsch of SVN Chicago represented the undisclosed seller. Lekhraj Ahuja, a local investor and experienced hotel operator, was the buyer.
GILBERTS, ILL. — Opus has completed construction on a 52,174-square-foot build-to-suit facility for Elgin Recycling at 58 Center Drive in Gilberts, a far northwest suburb of Chicago. Situated in the Turnberry Lakes Business Park, the facility is blocks away from Elgin Recycling’s headquarters and serves as one of its four Chicago-area recycling scrap yards. Elgin Recycling is a family-owned operation that processes ferrous and non-ferrous metals, exotic alloys and electronics. The new Gilberts location processes recycled electronics from public drop-off facilities, breaking them down into components that are transported to downstream recyclers. The facility, which will be fully operational in July, features a clear height of 28 feet, six dock doors, two drive-in doors and up to 58 vehicle parking stalls. Opus served as the design-builder and worked in partnership with Architects Plus Design Studio PLLC, Structural Enginuity Inc. and Spaceco.
EAST CAMBRIDGE, MASS. — Chicago-based financial services firm Mesirow has purchased a 20-story apartment building in East Cambridge, located across the Charles River from Boston. Built in 2015 within the 4.5 million-square-foot Cambridge Crossing mixed-use development, the building is known as Twenty20 and houses 355 units with an average size of 807 square feet, as well as 8,625 square feet of retail space. Residences come in studio, one-, two-, three- and four-bedroom floor plans. Amenities include a rooftop terrace, fitness center, yoga sundeck, a pet wash station, clubroom and a library. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, an undisclosed institutional investment firm, in the transaction and procured Mesirow as the buyer.