Thursday, May 14, 2026
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Bay-151-Bayonne-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

KRE Group Begins Leasing 212-Unit Multifamily Project in Bayonne, New Jersey

by Taylor Williams

BAYONNE, N.J. — Locally based developer KRE Group has begun leasing the third and final phase of Bay 151, a 212-unit multifamily project in the Northern New Jersey community of Bayonne. Designed by Minno & Wasko Architects & Planners, Bay 151 now consists of 625 units in studio, one-, two- and three-bedroom formats, as well as 10,000 square feet of retail space. Amenities include a pool, fitness center, dog park, bocce ball court, outdoor grilling and dining areas, business center, media room and a children’s play area. Rents start at $2,170 per month for a studio apartment. Construction of the 213-unit Phase II began in October 2020.

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AcquisitionsMultifamilyNew JerseyNortheast

Hudson Atlantic Arranges $20M Sale of Northern New Jersey Apartment Complex

by Taylor Williams

POMPTON LAKES, N.J. — Hudson Atlantic Realty has arranged the $20 million sale of Lakeside Residences, a 52-unit apartment complex located in the Northern New Jersey community of Pompton Lakes. Built in 2022, the property offers one- and two-bedroom units and amenities such as a fitness center, business center, game room and a resident lounge. Adam Zweibel of Hudson Atlantic represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsNew JerseyNortheastRetail

CBRE Brokers $13M Sale of Three Retail Buildings, Land Parcel in Voorhees, New Jersey

by Taylor Williams

VOORHEES, N.J. — CBRE has brokered the $13 million sale of three standalone retail buildings totaling 62,358 square feet and an undeveloped land parcel in the Southern New Jersey community of Voorhees. The buildings are situated within the 366,000-square-foot Cedar Hill Shopping Center and are leased to tenants such as Starbucks Coffee, The Vitamin Shoppe, AT&T and Savers Thrift Store. Lowe’s, BJ’s Wholesale Club and Aldi anchor Cedar Hill Shopping Center. Matthew Gorman, Michael Shover, Thomas Finnegan and Rob Thompson of CBRE represented the seller and procured the buyer in the transaction.

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AcquisitionsCaliforniaOfficeTop StoriesWestern

Carolwood Equities Purchases 62-Story Office Tower in Downtown Los Angeles for $153.3M

by John Nelson

LOS ANGELES — Carolwood Equities LP, a real estate private equity firm based in Beverly Hills, Calif., has purchased Aon Center, a 62-story office tower in downtown Los Angeles. The 1.1 million-square-foot skyscraper is located at 707 Wilshire Blvd. in the city’s Financial District. The $153.3 million sale of Aon Center represents the largest office sale in fourth-quarter 2023 in the Western United States, according to Newmark. The deal is also the largest purchase in downtown Los Angeles last year but sold for 45 percent less than its last purchase price, according to the Los Angeles Business Journal. The media outlet reports that the seller, San Francisco-based Shorenstein Properties, had previously purchased the tower in 2014 for $269 million. Private investors Daniel Abrams and Adam Tischer are part of the new ownership group alongside Carolwood Equities. Tischer, vice president of Colliers’ Los Angeles office, was also part of the brokerage team for the buyer that also included Sean Fulp, vice chair of Colliers. “The ownership group’s acquisition of the iconic Aon Center exemplifies the flow of private capital into Los Angeles, seizing the opportunity created by market dislocation,” says Fulp. “With a new low basis and a well-capitalized owner, Aon Center …

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Voyles-Pull-Quote
FeaturesIndustrial

How 3PL Partnerships Allow Industrial Users to Expand with Confidence

by Taylor Williams

By Eric Voyles, executive vice president and chief economic development officer, TexAmericas Center Pandemic-era supply chain challenges are improving, but obstacles still abound. From an uncertain economic climate to labor constraints, industrial companies are increasingly looking for streamlined and cost-effective solutions to minimize risk while encouraging growth. How can they make these business goals reality? One solution is to partner with third-party logistics (3PL) providers to strategically outsource efforts to keep business growing and thriving. For companies looking to grow and expand, knowing when to outsource 3PL services can lead to more efficient management of assets. Further, engaging in a 3PL partnership provides many perks to help businesses better manage risks associated with labor, warehousing and inventory management, allowing companies to test new markets more confidently. Additionally, companies that are ready to expand to new areas to accommodate growth can consider commercial real estate spaces that offer 3PL services — as well as other considerations to keep in mind when prospecting sites. When to Consider Outsourcing 3PL Services Although supply chain disruptions have improved since the height of the pandemic, challenges like factory shutdowns, snarled shipping routes, extreme weather and labor shortages remain. Economic issues like inflation, which impacts cost …

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AcquisitionsGeorgiaRetailSoutheast

Publix Purchases Matt Town Center in Metro Atlanta for $30M

by John Nelson

CUMMING, GA — Publix Super Markets Inc. has purchased Matt Town Center, an 81,077-square-foot shopping center located at 5310 Matt Highway in Cumming, roughly 40 miles northeast of Atlanta. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller, Marietta, Ga.-based Retail Planning Corp., in the $30 million transaction. Publix anchors the property, which was built in 2020. Matt Town Center was 95 percent leased at the time of sale to tenants including Domino’s, Great Clips, North Shore Dry Cleaners, Grand Nails, Sage Dental, Reveille Café, The UPS Store, EasyVet, Dunkin’ and Zaxby’s. The sale also included roughly 3.9 acres of adjacent, undeveloped land that is zoned for retail and office space.

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AcquisitionsFloridaOfficeSoutheast

CBRE Facilitates Sale of 120,500 SF Sabal Pavilion Office Building in Tampa

by John Nelson

TAMPA, FLA. — CBRE has facilitated the sale of Sabal Pavilion, a 120,500-square-foot office property located at 3620 Queen Palm Drive in Tampa. Situated on 11.8 acres, the building is located at the entrance of Sabal Park, a master-planned business development. Amenities at the building include a cafeteria, fitness center and a tenant courtyard with an outdoor basketball court and grilling stations. Dale Peterson, Joe Chick, Courtney Snell and Nick Sharpe of CBRE Capital Markets represented the seller, CTO Realty Growth Inc., in the transaction. A Virginia-based private real estate company acquired the building for an undisclosed price. Ford Motor Credit has fully occupied the property since 2000. Recently, Ford Motor Credit executed a 91,401-square-foot sublease agreement with Cirkul Inc., a reusable water bottle manufacturer.

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AcquisitionsAffordable HousingMississippiSeniors HousingSoutheast

Hunt Capital Transfers Ownership of 76-Unit Affordable Seniors Housing Community in Biloxi, Mississippi

by John Nelson

BILOXI, MISS. — Hunt Capital Partners has transferred ownership of Cadet Point Senior Village, an affordable seniors housing community in Biloxi, back to Biloxi Community Development Corp., the nonprofit arm of the Biloxi Housing Authority. Developed in 2007, the property comprises 76 units. Hunt Capital transferred ownership back to the civic organization in late November following negotiations accounting for the operational expense challenges at the property. According to Hunt Capital, Cadet Point has experienced insurance premium increases totaling more than 65 percent over the past five years due to its exposure to hurricanes. Biloxi Community Development will have full control of development and operational decisions at Cadet Point.

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AcquisitionsFloridaRetailSoutheast

SRS Arranges $6.2M Sale of Retail Strip Center in Apollo Beach, Florida

by John Nelson

APOLLO BEACH, FLA. — SRS Real Estate Partners has arranged the sale of Apollo Beach Shoppes, a retail strip center situated on 1.9 acres at 6588 N. U.S. Highway 41 in Apollo Beach, a city in the Tampa Bay metro area. A Florida-based private investor acquired the 9,000-square-foot property for $6.2 million. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the seller, a Florida-based investment and development group, in the transaction. Retailers at the three-tenant property include Trulieve, AT&T and Tijuana Flats.

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AcquisitionsIndustrialTexas

Lee & Associates Brokers Sale of 587,287 SF Industrial Property in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Lee & Associates has brokered the sale of a 587,287-square-foot industrial property located at 5901 E. Rosedale St. in Fort Worth. The property consists of 31 buildings that were constructed between 1967 and 1974 and feature clear heights of 16 to 20 feet. The buildings vary in size but had less than 10 percent office finishes in each of them. Colton Rhodes of Lee & Associates represented the buyer, Boston-based investment firm Longpoint Realty Partners, in the transaction. The seller was an entity doing business as Rosedale Industrial Park LLC.

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