DALLAS — Stonelake Capital Partners has signed a 16,008-square-foot office lease at 23Springs, a newly constructed office building in Uptown Dallas. The real estate private equity firm is expanding and relocating from The Crescent to the ninth floor of the 26-story building. Robert Jimenez, Burson Holman and Elizabeth Fortado represented the landlord, Dallas-based Granite Properties, in the lease negotiations on an internal basis. Peery Wood of Stream Realty Partners represented Stonelake Capital.
FARMINGVILLE, N.Y. — JLL has arranged the $190 million sale of The Arboretum, a 292-unit, newly constructed multifamily property in Farmingville, located on Long Island. The site spans 62 acres, and the development features a mix of single-family homes and garden-style apartments. Residences come in two- and three-bedroom floor plans and have an average size of 1,682 square feet, with 30 units reserved for workforce housing. The amenity package comprises a fitness center with a yoga room, pool and cabana area, clubhouse with an entertainment kitchen, courts for tennis, pickleball and bocce ball, a putting green, playground, dog run and a business center with conference rooms. Jose Cruz, Steve Simonelli, Rob Hinckley and Austin Pierce of JLL represented the seller, BRP Cos., in the transaction. The buyer was an affiliate of The Inland Real Estate Group of Cos.
MONROE TOWNSHIP, N.J. — WPT Capital Advisors has acquired a 603,092-square-foot industrial property in Monroe Township, located outside of Trenton in Central New Jersey. The two-building development at 130 Interstate Blvd., which was fully leased at the time of sale, was constructed in 1999 and expanded in 2014. Building features include clear heights of 28 to 32 feet, 66 loading doors, two drive-in doors and parking for 83 trailers and 243 cars. The seller was not disclosed. Jim Cadranell, Ryan Carroll and Caleb Henry of JLL arranged an undisclosed amount of acquisition financing for the deal through PGIM Real Estate.
BOSTON — Hudson Valley Property Group (HVPG), a New York-based affordable housing owner-operator, has purchased Boston Bay and Hope Bay, two adjacent properties totaling 133 units in the Dorchester area of Boston. The properties comprise 20 buildings that were constructed between 1890 and 1920. HVPG plans to invest about $6.4 million ($48,000 per unit) in renovations to both properties, including upgrades to kitchen and bathroom fixtures and appliances, as well as common area enhancements and upgraded security and lighting features. Capital improvements will ensure long-term affordability of both assets.
NEW YORK CITY — Fashion wholesaler Amiee Lynn Inc. has signed a 29,000-square-foot office lease extension in Manhattan’s Garment District. The lease term is five years and seven months, and the space spans the entire 10th and 11th floors of 366 Fifth Avenue, a 12-story historic building. Woody King, Noah Caspi and Todd Korren of Lee & Associates represented the tenant in the lease negotiations. Michael Joseph and Aidan Campbell of Colliers represented the landlord, Joseph P. Day Realty.
DENVER — United Properties has broken ground on Amira Lowry, a 55-plus active adult community in Denver’s Lowry neighborhood. The four-story property will feature 154 rental residences ranging from alcove studios to two-bedroom-plus-den layouts, all including in-unit laundry, private balconies and storage space. Community amenities will include fitness and wellness spaces, create activity rooms, indoor lounges, exterior gardens, walking paths and outdoor courtyards. The development will also feature a secure, attached parking garage, a bike lounge and outdoor gear storage. Weis Builders is constructing the project. Keegan Mulry House is curating the interior design and furnishings. Amira Lowry is Phase I of a two-phase plan for the site. Future plans include the addition of adjacent villa-style homes that are subject to required approvals.
OAKLAND, CALIF. — San Francisco-based St. Regis Properties has completed the sale of Idora Apartments, a Class A multifamily property in Oakland’s Tamescal neighborhood. The Oakland Fund for Public Innovation acquired the asset for $12.6 million, or $380,000 per unit. Located at 5239 Claremont Ave., the five-story property features 33 one- and two-bedroom units, averaging 863 square feet, and 2,369 square feet of ground-floor retail space. Apartments offer washers/dryers, central heat and air conditioning, stainless steel appliances, quartz countertops, European cabinetry, wood-style flooring, carpeting, large closets and private balconies. Community amenities include a rooftop terrace and barbecue, resident lounge, secure garage parking, bike storage and electric vehicle charging stations. The buyer purchased the property through its Rooted program, which leads efforts to provide equitable housing solutions for educators. Financing was provided through the San Francisco Housing Accelerator Fund. ArtHaus Partners, a Bay Area-based vertically integrated multifamily developer and operator, worked as a consultant to the buyer during the acquisition. Jason Parr, John Hansen and Scott MacDonald of Berkadia represented the seller in the transaction.
BOTHELL, WASH. — Colliers has arranged the sale of the Wright Group Building, an office and flex property located at 19201 120th Ave. NE in Bothell’s North Creek business park. RH Wright LLC sold the asset to Gravestone Partners for $10.2 million. Totaling 59,830 square feet, the building offers 25,000 square feet office space supported by flex and warehouse elements. The property features at least 20-foot clear heights, two dock-high doors, eight grade-level doors and 1,000 amps of power. At the time of sale, the building was partially occupied by a mix of office and service-oriented tenants, including Trane Technologies, Element Materials Technologies, ISEC Construction, Taekwondo Way, Biogenesis and Barry Glenn State Farm. David Gunther of Colliers represented the seller in the deal.
HURRICANE, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of a self-storage facility in Hurricane. A Utah-based family office acquired the asset for an undisclosed price. Jordan Farrer and Adam Schlosser of Marcus & Millichap’s LeClaire-Schlosser Group represented the seller, a local self-storage owner and developer, in the sale. Managed by Extra Space Storage, the 63,345-square-foot facility features 589 units. Situated on 3.2 acres, the asset was initially constructed in 2007 and underwent a full renovation in 2024 concluding with the opening of a Phase II in 2025. The property features 12 single-story self-storage buildings with 328 drive-up units, a gated entry with digital keypad, a separate onsite management office in front of the entrance gate, 24/7 video surveillance, asphalt driveways and units with roll-up doors.
PLAINFIELD, ILL. — Trammell Crow. Co. (TCC) has announced a full-building lease and plans for Phase II of Plainfield Business Center in Plainfield, about 40 miles southwest of downtown Chicago. RJW Logistics Group has leased Building 1, which totals 788,000 square feet. TCC plans to break ground on Building 2 in the second quarter. That building will also total 788,000 square feet. RJW is a retail-focused logistics and supply chain solutions provider. The Woodridge, Ill.-based company operates more than 16 distribution centers across Illinois, Texas and Pennsylvania. Dominic Carbonari of JLL represented RJW in its lease negotiations. Matt Mulvihill and Phil DeBoer of CBRE represented the landlord. Building 2, which is being built on a speculative basis, will sit on 46 acres and feature a clear height of 40 feet, 80 dock doors expandable to 156 and 211 trailer parking stalls. The site offers proximity to both I-55 and I-80. At full build-out, Plainfield Business Center will encompass more than 8 million square feet of industrial space. Harris Architects designed Plainfield Business Center, and Krusinski Construction Co. was the general contractor for Phase I. Kimley-Horn is the civil engineer.