MIAMI — JLL has arranged a $73.6 million acquisition loan for a four-property industrial portfolio. The assets are located in Fremont, Calif.; Houston; Gouldsboro, Pa.; and Tampa, Fla. Melissa Rose, Michael DiCosimo and Nicole Barba of JLL’s Miami office, along with JLL colleagues Colby Mueck (Houston), Michael Pagniucci (Philadelphia) and Taylor Gimian (San Francisco), arranged the financing on behalf of the borrower, a fund of Houston-based Hines. The four properties were fully leased to 10 tenants at the time of financing, including Coca-Cola, Tesla, Sysco, Costco and Americold.
CLERMONT, FLA. — Kolter Multifamily LLC, an affiliate of Delray Beach, Fla.-based The Kolter Group, has begun leasing Alton Serenoa, a 300-unit apartment community in Clermont. The property sits about 26 miles west of Orlando and serves as a multifamily component of Serenoa, a master-planned community. Alton Serenoa will feature a mix of one-, two- and three-bedroom floor plans, as well as a one-story clubhouse and a resort-style swimming pool. Monthly rental rates range from $1,535 to $2,305, according to the property website.
CARROLLTON, GA. — Stratus Property Group has purchased a 38,000-square-foot shopping center located at 415 Rome St. in downtown Carrollton, about 45 miles west of Atlanta. The acquisition included three acres of land. The seller and sales price were not disclosed. The center was built in 1980 and includes five tenant spaces, according to LoopNet Inc. Current tenants include long-time restaurants Shuckers Oyster House and Sutton’s American Grill. Stratus Property Group is working with the City of Carrollton to reimagine the center. In addition to the revamp of this retail center, Carrollton will soon house four breweries/distilleries and The Amp, a new public amphitheater.
NEW YORK CITY — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $140 million construction loan for a 354-unit multifamily project that will be located at 2366 Bedford Ave. in Brooklyn’s Flatbush neighborhood. Designed by S. Wieder Architect PC, the seven-story building will feature ground-floor retail space, onsite parking and amenities such as a café/business lounge, wet and dry saunas, golf simulator and a cycling studio. Leah Paskus of Landstone Capital Group arranged the loan on behalf of the borrower and developer, Clipper Equity. Completion is slated for the third quarter of 2025.
SANDY SPRINGS, GA. — First National Realty Partners (FNRP) has executed a 28,000-square-foot retail lease with US Foods CHEF’STORE in Sandy Springs, a northern suburb of Atlanta. The retailer, which caters to food industry professionals and at-home chefs, will occupy space within City Center Crossing, a 98,048-square-foot shopping center located at 6331 Roswell Road. The store will be the first location in the Atlanta area for CHEF’STORE and is set to open by the end of the year. Red Bank, N.J.-based FNRP purchased City Center Crossing in 2021. Other tenants at the center include Planet Fitness, Gold Fish Swim School and Hudson Grille.
SYRACUSE, N.Y. — Syracuse University will develop two new residence halls. The first community will be developed at 700 Ostrom Ave. and will offer 450 beds upon completion. An undisclosed architect has been selected for the project, with construction expected to begin this year. The university concurrently announced plans to demolish Marion Hall, Kimmel Hall and an existing dining center on the corner of Comstock and Waverly avenues to make way for a new residence hall. A timeline for the development was not disclosed.
WALTHAM, MASS. — General contractor J. Calnan & Associates has completed a 52,000-square-foot life sciences project in the western Boston suburb of Waltham. The facility at 880 Winter St. is a build-to-suit for biotechnology user Lyra Therapeutics and features a 5,000-square-foot manufacturing space, quality control labs, support labs and office space. Perkins & Will served as the project architect, with BR&A Engineers handling that aspect of development. Boston Properties owns the building.
WARWICK, R.I. — A joint venture between Boston-based Sendero Capital and alternative asset manager Angelo Gordon has purchased a 30,000-square-foot medical office building in Warwick, located just south of Providence. Neurology practice NeuroHealth serves as the building’s anchor tenant, occupying about 40 percent of the space, with the remainder fully leased to three different tenants. Mindy Berman, Anthony Sardo and Landon Weaver of JLL represented the joint venture in the transaction.
KINGSTON, PA. — Colliers has arranged the sale of a 25,545-square-foot retail and healthcare building in Kingston, about 20 miles southwest of Scranton. The building was fully leased at the time of sale, with Vive Health & Fitness serving as the anchor tenant. Other users include Dental Specialists of NEPA and Shine Salon. Jeff Algatt and John Susanin of Colliers represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
PEKIN, ILL. — Five Below and Maurices are joining the tenant lineup at East Court Village in Pekin, just south of Peoria in central Illinois. The retailers, which are expected to open in fall 2025, join existing tenants Tractor Supply Co., Petco, Hobby Lobby and Dunham’s Sports. A former Bergner’s store is being redeveloped to make way for Five Below and Maurices, and additional tenants will be announced. The redevelopment project totals 42,000 square feet. Cullinan Properties Ltd. owns and manages East Court Village.