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One-Colorado-Pasadena-CA
CaliforniaLeasing ActivityRestaurantRetailWestern

Perform Properties Signs Six New Tenants to One Colorado Shopping Center in Pasadena

by Amy Works

PASADENA, CALIF. — Perform Properties has signed six new leases at One Colorado, a 240,000-square-foot urban lifestyle center in Pasadena. Contemporary Mexican restaurant Javier’s and New York-based fashion brand rag & bone are already open at the property. The recent openings coincided with the debut of the redesigned courtyard, which features a series of outdoor “rooms.” Meanwhile, various concepts such as Sundays, Monarch Athletic Club, Sockerbit and Thaim will launch in 2026. Additional tenants at One Colorado include The Cheesecake Factory, Anthropologie, Alo Yoga, The Container Store, Sephora and Vuori.

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10000-Energy-Drive-Spring-Texas
Leasing ActivityOfficeTexas

Tetra Technologies Signs 61,975 SF Office Headquarters Lease in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Tetra Technologies has signed a 61,975-square-foot office headquarters lease in Spring, a northern suburb of Houston. The energy services company will occupy space at 10000 Energy Drive, a two-building, 563,716-square-foot complex that was completed in 2014. David Baker, Elliott Hirshfeld and Kristen Baker of Newmark represented the landlord, Spear Street Capital, in the lease negotiations. Caleb Lawson of Flatrock Commercial Real Estate Group represented the tenant.

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4625-S-Wendler-Dr-Tempe-AZ
AcquisitionsArizonaOfficeWestern

Rocket Lister Purchases Office Building in Tempe, Arizona for $5.7M

by Amy Works

TEMPE, ARIZ. — Home photographer Rocket Lister has acquired a two-story office building, located at 4625 S. Wendler Drive in Tempe, from Batch Leads for $5.7 million. Rocket Lister will use a portion of the 46,804-square-foot building for its headquarters and lease the remaining space. Kurt Kerner and Connor Maloney of Kidder Matthews represented Rocket Lister in the transaction and will manage leasing of the property.

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AcquisitionsArizonaRetailWestern

Time Equities Acquires Cactus Plaza Retail Property in Glendale, Arizona for $4.5M

by Amy Works

GLENDALE, ARIZ. — New York City-based Time Equities Inc. (TEI) has acquired Cactus Plaza, a 25,620-square-foot neighborhood shopping center in Glendale, roughly nine miles northwest of downtown Phoenix near the Arizona State University West Valley campus. Built in 1985, the center was 93 percent leased to a mix of restaurant, beauty and service-oriented tenants at the time of sale. Cactus Plaza marks the second retail property that TEI has acquired in the state. Ami Ziff, Jonathan Kim and Grant Scott internally represented TEI in the transaction. Chase Dorsett of Newmark represented the seller.

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AcquisitionsRetailTexas

Faris Lee Negotiates Sale of 11,266 SF Retail Strip Center in Princeton, Texas

by Taylor Williams

PRINCETON, TEXAS — California-based brokerage firm Faris Lee Investments has negotiated the sale of Princeton Plaza, an 11,266-square-foot retail strip center located roughly 40 miles northeast of Dallas. The newly constructed center was fully leased at the time of sale to tenants such as Tropical Smoothie Café, Pizza Hut, Hotworx, Modern Nail Bar, Princeton Dental and 380 Smoke & Vape. Nick Miller and Shaun Riley of Faris Lee represented the buyer, a local investor, in the transaction.

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DevelopmentMichiganMidwestMultifamilyStudent Housing

Landmark, Manulife Break Ground on 259-Bed Student Housing Community in Ann Arbor

by Kristin Harlow

ANN ARBOR, MICH. — Landmark Properties and Manulife Investment Management have broken ground on The Metropolitan on South U, a 259-bed student housing community located adjacent to the University of Michigan campus in Ann Arbor. The project marks the sixth in a build-to-core joint venture executed with the Manulife Infrastructure Fund pool. Landmark Construction is building the project, with Myefski Architects as the architect. Peninsula Investments also partnered on the development. Located at 1208 S. University Ave., The Metropolitan on South U will feature fully furnished residences. Amenities will include a clubhouse, fitness center, resort-style pool and rooftop lounge. There will be roughly 5,000 square feet of ground-floor retail space.

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140-Kendrick-Street-Needham-Massachusetts
AcquisitionsMassachusettsNortheastOffice

Newmark Negotiates $132M Sale of Office Property in Needham, Massachusetts

by Taylor Williams

NEEDHAM, MASS. — Newmark has negotiated the $132 million sale of 140 Kendrick Street, a 400,00-square-foot office property in Needham, located southwest of Boston. Wellington Management anchors the property, which comprises three interconnected buildings that are also home to tenants such as Clarks, CyberArk and Focus Partners Wealth. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, BXP (formerly known as Boston Properties), in the transaction. The team also procured the buyer, a partnership between Cross Ocean Partners and Lincoln Property Co.

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AcquisitionsIndianaMidwestMultifamily

Cushman & Wakefield Brokers 312-Unit Multifamily Portfolio in Southern Indiana

by Kristin Harlow

SELLERSBURG AND JEFFERSONVILLE, IND. — Cushman & Wakefield | Commercial Kentucky has brokered the sale of the Southern Indiana 3 Portfolio for an undisclosed price. The portfolio includes three workforce multifamily communities totaling 312 units. The assets include Ashby Apartments and Lakeview Apartments in Sellersburg and Carrington Place Apartments in Jeffersonville. All three communities are located within a 12-minute drive of downtown Louisville. Craig Collins, Austin English, Mike Kemether and James Wilbur of Cushman & Wakefield represented the seller, Salt Lake City-based Shamrock Communities. The buyer was The Clear Blue Co., a Nashville-based real estate firm.

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AcquisitionsIndianaMidwestMultifamilySeniors Housing

JLL Arranges Sale of 172-Unit Luxury Active Adult Community in Noblesville, Indiana

by Kristin Harlow

NOBLESVILLE, IND. — JLL Capital Markets has arranged the sale of Outlook Hamilton, a 172-unit luxury active adult community in Noblesville. Delivered in 2023, the property is situated adjacent to Hamilton Town Center and features one- and two-bedroom floor plans. Amenities include a fitness center, sports lounge, theater, great room, courtyard, community garden, dog park and detached garages for rent. Jay Wagner, Rick Swartz, Aaron Rosenzweig, Sam Dylag, Tim Hosmer and Sandis Seale of JLL represented the seller, Capitol Seniors Housing. The team partnered with JLL’s Amanda Friant, Jenny Hull, Holly Hunt, Ken Martin and Nelson Almond. Middle Street Partners and its limited partner, Parse Capital, purchased the asset.

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CivicDevelopmentNew JerseyNortheast

Torcon Completes $35M Academic Project in Central New Jersey

by Taylor Williams

TRENTON AND EWING, N.J. — General contractor and construction management firm Torcon Inc. has completed the Paul Robeson Charter School, a $35 million academic project in Central New Jersey. The site is a formerly vacant lot that lies at the nexus of the communities of Trenton and Ewing. The school, which spans 55,000 square feet and can support about 750 students in kindergarten through eighth grade, features 38 classrooms, science labs, elective spaces, administrative offices and academic support areas. Project partners included Atkin Olshin Schade Architects Inc., Aegis Property Group, Bala Consulting Engineers and structural engineer O’Donnell & Naccarato.

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