Property Type

128-Iron-Mountain-Road-Mine-Hill-New-Jersey

MINE HILL, N.J. — Amazing Savings has signed a 173,475-square-foot industrial lease in the Northern New Jersey community of Mine Hill. The discount retailer is taking space at Spring Brook Commerce Center, a newly constructed, 393,335-square-foot building located at 128 Iron Mountain Road. Tom Consiglio and Scott Peck of Resource Realty of Northern New Jersey represented the tenant in the lease negotiations. Drew Maffey, Rick Marchisio, Will Ziegler, Joseph Komitor and Matt Esposito of Lee & Associates represented the landlord, Brookfield Properties.

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PAOLI, PA. — A joint venture between Senior Living Transformation Co. and Sabal Investment Holdings has purchased Daylesford Crossing, a 78-unit seniors housing complex located in the western Philadelphia suburb of Paoli. Opened in 2015, Daylesford Crossing offers assisted living and memory care services and amenities such as a media room, wellness room, library and a salon, as well as an onsite healthcare facility. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia represented the seller, Boston-based investment firm AEW Capital Management, in the transaction.

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Grand-Hyatt-Indian-Wells-CA

INDIAN WELLS, CALIF. — JLL has arranged $210 million in refinancing for the Grand Hyatt Indian Wells Resort & Villas, a luxury resort situated on 45 acres at 44600 Indian Wells Lane in Indian Wells. Mike Huth, Jade Lewin and Kevin Davis of JLL Capital Markets secured the five-year, floating-rate SASB CMBS loan through Citi for the borrower, Trinity Investments. Situated in Coachella Valley, Grand Hyatt Indian Wells Resort & Villas features 531 accommodations, including 449 guest rooms, 39 suites and 43 villas, and more than 88,000 square feet of indoor and outdoor meeting and event space. Additionally, the villa collection provides outdoor living areas and dedicated guest services. Resort amenities include nine pools, a destination water park with waterslides and a lazy river, a 30,000-square-foot Agua Serena Spa & Wellness center, six food-and-beverage venues, tennis and pickleball courts, a fitness center and preferred access to the adjacent Indian Wells Gold Resort. Grant Hyatt Indian Wells Resort & Villas recently underwent a $62 million renovation and conversion to the Grand Hyatt flag. The property is a AAA Four Diamond resort.

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The-Grand-San-Jose-Apts-San-Jose-CA

SAN JOSE, CALIF. — A joint venture between Coastal Ridge Real Estate and Brookfield has purchased The Grand San Jose, a purpose-built 19-story student housing asset near San Jose State University, from AMCAL, Swenson and Tikehau Capital for $204.7 million. Peter Katz of Institutional Property Advisors (IPA), a division of Marcus & Millichap, along with Tony Solomon as Marcus & Millichap’s California broker of record, represented both parties in the deal. Completed in 2020, The Grand offers 206 fully furnished one-, two-, three- and four-bedroom floor plans, totaling 1,035 beds, most with private bedrooms and private bathrooms, along with fully equipped kitchens with stainless steel appliances and in-unit washers/dryers. Community amenities include a resort-style pool and spa with cabanas, a 24-hour fitness center with spin and yoga studios, study lounges on every floor, a penthouse sky deck, an outdoor movie screen, sports courts and grilling stations. At the time of sale, the property was fully occupied for the second consecutive leasing season with renewal activity supported by Fresno, Calif.-based property manager BEKK Inc., according to IPA.

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ElevenOneEleven-Culver-City-CA

CULVER CITY, CALIF. — Lincoln Property Co. and McCourt Partners have received $132.7 million in construction financing from Bank OZK for ElevenOneEleven, a multifamily development in Culver City. Lou Friedel and Keith Rosso of Berkadia arranged financing on behalf of Lincoln and McCourt. Situated on 3.4 acres at 11111 Jefferson Blvd., ElevenOneEleven will feature a six-story development comprising 344 residences, including 52 affordable units, along with 2,000 square feet of retail space and 17,520 square feet of publicly accessible outdoor space. Additionally, ElevenOneEleven will include two full floors of residential amenities and 500 parking spaces. The project team includes KFA Architecture as architect and Kimley-Horn as civil engineer. Construction is slated to commence in the fourth quarter of 2026.

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3137-Elwood-St-Phoenix-AZ

PHOENIX — Los Angeles-based Sierra Ridge Capital has acquired 3137 East Elwood Street, an industrial property in Phoenix, from Arizona-based 3137 East Elwood LLC for $31 million. Gary Cornish, Nico Burgarello, Barry Gabel, CJ Osbrink and Chris Marchildon of Newmark represented the seller in the deal. Built in 1995 and renovated in 2026, the 123,032-square-foot property features a clear height of 22 feet, 10 oversized grade-level loading doors, one truckwell, secure yard space, heavy power capacity and full HVAC coverage. Situated on 9.8 acres in Phoenix’s Southbank Business Park, the property was fully leased to three tenants at the time of sale.

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OVERLAND PARK, KAN. — Hunt Midwest has broken ground on Canvas, a 227-unit luxury apartment complex in Overland Park. The project will feature one- and two-bedroom residences along with more than 5,000 square feet of ground-floor retail and restaurant space. The infill development at 8036 Metcalf Ave. will redevelop a now-vacant lot. Canvas is expected to open in early 2029. Amenities will include a pool with grill stations and bar area, a covered dog park with washing stations, a fitness center with yoga studio and sauna, onsite coworking space, a community clubhouse with game room and a garden room. The community will include private parking for every resident plus another 49 public parking spaces. The project team includes BRR Architecture, Brinkmann Constructors, Security Bank, REACTOR Design, Tran + Thomas Design Studio, Polsinelli and Seigfreid Bingham.

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PLAINFIELD, IND. — Electric Plus, an Indiana-based electrical contractor, has purchased a 500,192-square-foot industrial facility in Plainfield as part of a headquarters relocation. Jason Speckman of Colliers represented the company in the $38.6 million acquisition of the property at 501 Airtech Parkway. The asset is within the Airtech business park and features cross-dock loading, a clear height of 30 feet, a temperature-controlled warehouse, extensive power resources and ample parking. Since its founding in 2006, Electric Plus has grown from three employees to more than 950 employee-owners serving clients across Indiana and beyond. The company will relocate its headquarters from Avon to Plainfield. As part of the acquisition, approximately 115,000 to 265,000 square feet will be available for lease, with Speckman leading leasing efforts.

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GLENVIEW, ILL. — Owner Dermody has inked two new leases at The Logistics Campus in Glenview. LSL Industries LLC has leased 81,225 square feet of Building 4, and S&C Electric Co. has fully leased Building 5, a 295,278-square-foot facility. Positioned just north of Chicago O’Hare International Airport, The Logistics Campus will total more than 3.2 million square feet of Class A logistics space upon completion. Ten buildings are planned for the development. LSL Industries is an Illinois-based manufacturer of disposable medical devices, surgical procedure kits and hospital supplies. S&C Electric is a Chicago-based global provider of technology and services for electric power systems. Suzanne Serino, Jonathan Kohn and Christopher Volkert of Colliers represented Dermody in the leases. Sam Badger and David Prell of CBRE represented LSL. Sally Macoicz, Matthew Saddler and Christopher Johnke of Cushman & Wakefield represented S&C. Three remaining spaces at The Logistics Campus are available for occupancy ranging from 66,000 to 160,000 square feet. Phase I is complete, and Phase II includes 77 acres of fully entitled, shovel-ready property.

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COON RAPIDS, MINN. — Eastham Capital and Bender Cos. have acquired Woodland North Apartments, a 198-unit community in the Twin Cities suburb of Coon Rapids. South Florida-based Eastham acquired the property through its fund, Eastham Capital Fund VII LP, with its operating partner Bender. To date, Eastham and Bender have co-invested in 15 projects. Woodland North is currently 94 percent occupied with an average monthly rent of $1,424. The business plan calls for building upon recent capital improvements with additional upgrades across several apartment homes, including in-unit laundry and appliances, along with targeted enhancements to the exterior and amenities. Originally constructed in 1979, the property offers a mix of studio, one-, two- and three-bedroom floor plans averaging 1,029 square feet. More than 70 percent of the floor plans are two- and three-bedroom units. Amenities include a pool, underground heated parking, a car wash bay, community room, fitness center and tennis, basketball and racquetball courts.

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