Property Type

High Street Residential Completes 370-Unit Montgomery Apartments in Allen, Texas

by Taylor Williams November 17, 2023

ALLEN, TEXAS — Developer High Street Residential has completed The Montgomery, a 370-unit apartment community located northeast of Dallas in Allen. Designed by JHP Architecture with interiors by Britt Design Group, The Montgomery features one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, island kitchens and individual washers and dryers. Amenities include a pool, fitness center, outdoor grilling and dining areas, clubroom and a dog park. Rents start at $1,545 per month for a one-bedroom apartment.

November 17, 2023

Acquisitions Georgia Retail Southeast

Franklin Street Arranges Sale of 66,387 SF Shopping Center in Metro Atlanta

by John Nelson November 17, 2023

MCDONOUGH, GA. — Franklin Street has arranged the sale of Kelleytown Village, a 66,387-square-foot shopping center located at 3500 Highway 155 N in McDonough, roughly 30 miles southeast of Atlanta. Publix anchors the property, which was constructed in 2022. Other tenants at the center include Your Pie, Allure Nails, UPS and 100% Chiropractic. Bryan Belk and John Tennant of Franklin Street represented the seller, Georgia- and Alabama-based Venture South Investments, in the transaction. The buyer and sales price were not disclosed.

November 17, 2023

Industrial Leasing Activity Texas

CBRE Arranges 343,760 SF Industrial Lease in Metro Houston

by Taylor Williams November 17, 2023

KATY, TEXAS — CBRE has arranged a 343,760-square-foot, full-building industrial lease at Pederson Logistics Center in the western Houston suburb of Katy. The site spans 25 acres and offers immediate proximity to I-10. Jacob Westfall and Boomer White of CBRE represented the tenant, exercise equipment provider Johnson Health Tech, in the lease negotiations. Jason Dillee and Nathan Wynne, also with CBRE, represented the landlord, Houston-based Triten Real Estate Partners.

November 17, 2023

Acquisitions Multifamily Texas

GREA Negotiates Sale of 109-Unit Apartment Complex in Garland, Texas

by Taylor Williams November 17, 2023

GARLAND, TEXAS — Global Real Estate Advisors (GREA) has negotiated the sale of Woods Edge Apartments, a 109-unit multifamily complex in the northeastern Dallas suburb of Garland. Woods Edge was originally built in the 1960s and offers one-, two- and three-bedroom units. Mark Allen of GREA represented the locally based seller, Entrust Investment Group, in the transaction and procured the undisclosed, out-of-state buyer.

November 17, 2023

Industrial Leasing Activity Lee & Associates Texas

UniUni Signs 36,000 SF Industrial Lease in Carrollton, Texas

by Taylor Williams November 17, 2023

CARROLLTON, TEXAS — Third-party logistics firm UniUni has signed a 36,000-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the property at 1401-1407 Dunn Drive was built in 1980 and totals 100,800 square feet. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, High Street Realty, in the lease negotiations. The tenant representative was not disclosed.

November 17, 2023

Loans Multifamily Seniors Housing Texas

CRC Provides $2.1M HUD-Insured Loan for Refinancing of Metro Austin Seniors Housing Complex

by Taylor Williams November 17, 2023

PFLUGERVILLE, TEXAS — Cambridge Realty Capital (CRC), a lender with offices in Chicago and Los Angeles, has provided a $2.1 million HUD-insured loan for the refinancing of Wells Point Lodge, a 60-bed seniors housing complex located in the northern Austin suburb of Pflugerville. Anthony Marino of CRC originated the 35-year loan through HUD’s 232/223(f) program. The borrower was an undisclosed, Texas-based limited liability company.

November 17, 2023

Affordable Housing Loans Multifamily New York Northeast

Merchants Capital Provides $225M in Agency Financing for Bronx Affordable Housing Properties

by Taylor Williams November 17, 2023

NEW YORK CITY — Merchants Capital has provided $225 million in Freddie Mac financing for seven affordable housing properties in The Bronx. The properties comprise 18 buildings and 983 units that carry a range of income restrictions. The borrower is a joint venture between The Arker Cos., SBV RE Investments LLC and Dabar Development Partners. Proceeds will be used to refinance existing debt, rehabilitate units with building-wide improvement plans and preserve affordability. The scope of work includes kitchen upgrades, plumbing improvements and common area maintenance. Completion is slated for September 2025.

November 17, 2023

Loans Multifamily New Jersey Northeast

Eastern Union Arranges $74.2M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams November 17, 2023

TEANECK, N.J. — Eastern Union has secured a $74.2 million construction loan for a 256-unit, six-story multifamily project that is currently under development at 329 Alfred Ave. in the Northern New Jersey community of Teaneck. The loan carries a 36-month term, 75-percent loan-to-cost ratio and a fixed interest rate of 7.8 percent with interest-only payments for the full term. Gabriel Sasson of Eastern Union originated the financing, a portion of which will be used to retire existing debt. The borrower and direct lender were not disclosed.

November 17, 2023

Southern-New-Jersey-Light-Industrial-Portfolio

Acquisitions Industrial New Jersey Northeast

Endurance Real Estate Sells 342,098 SF Industrial Portfolio in Southern New Jersey

by Taylor Williams November 17, 2023

DELRAN AND SWEDESBORO, N.J. — Endurance Real Estate Group, a developer based in metro Philadelphia, has sold a portfolio of five industrial buildings totaling 342,098 square feet in the Southern New Jersey communities of Delran and Swedesboro. The specific addresses of the shallow-bay buildings, all of which were constructed in the 1970s and 1980s, were not disclosed. The buyer was Taurus Investment Holdings. Michael Hines, Brad Ruppel, Joe Hill, Lauren Dawicki, Dan McGovern and Charlotte Sands of CBRE brokered the deal. The portfolio was fully leased to 22 tenants at the time of sale.

November 17, 2023

Acquisitions Massachusetts Multifamily Northeast Seniors Housing

Blueprint Negotiates Sale of 53-Bed Skilled Nursing Facility in Boston

by Taylor Williams November 17, 2023

BOSTON — Blueprint Healthcare Real Estate Advisors has brokered the sale of a 53-bed skilled nursing facility located just south of downtown Boston. The building was originally constructed in 1960, spans over 18,000 square feet and features a variety of unit configurations. The buyer was an undisclosed family office that intends to convert the property into traditional multifamily housing. Details on the seller and sales price were not disclosed. Kyle Hallion and Michael Segal led the Blueprint team on the transaction.

November 17, 2023

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