Thursday, July 17, 2025
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DevelopmentIllinoisLife SciencesMidwest

Trammell Crow Co. to Open Spec Suites at Chicago’s Fulton Labs in August

by Kristin Harlow

CHICAGO — Trammell Crow Co. (TCC) is set to open its Science Ready Lab Suites at Fulton Labs, a life sciences development in Chicago. These fully built out, move-in ready spaces span 3,000 to 7,000 square feet and provide advanced research and development space. Celadyne Technologies Inc. has signed a lease as the first tenant to occupy the Science Ready Lab Suites. The suites, which are available for occupancy beginning in August, will provide tenants with flexible lease terms and access to a shared lab equipment room. Fulton Labs is a two-building life sciences campus from TCC that spans 725,000 square feet. Jonathan Metzl of Cushman & Wakefield represented Celadyne Technologies in its lease.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Negotiates $5.9M Sale of Multifamily Portfolio in Chicago

by Kristin Harlow

CHICAGO — Interra Realty has negotiated the sale of a five-building multifamily portfolio totaling 67 units in Chicago for $5.9 million. All the properties are situated in the city’s Washington Park neighborhood and were developed in the late 1890s to early 1900s. All have received updated kitchens and bathrooms. The portfolio was 92 percent leased at the time of sale. Ted Stratman, Brad Feldman and Jeremy Morton of Interra represented the seller, GR82B Properties LLC. The team also represented the undisclosed buyer.

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AcquisitionsMidwestOfficeWisconsin

Barry Co. Brokers Sale of Historic Office Building in Milwaukee

by Kristin Harlow

MILWAUKEE — The Barry Co. has brokered the sale of a historic office building spanning 5,950 square feet in the Prospect Avenue Mansions Historic District of Milwaukee. Built in 1905, the property is located at 1429 N. Prospect Ave. Nick Zurich of Barry Co. represented the seller, LDG Investments LLC. James and Lauren Groh purchased the asset for an undisclosed price.

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AcquisitionsIndustrialTexas

Faropoint Acquires Six Warehouses in Dallas-Fort Worth Metro For $59M

by Taylor Williams

HOBOKEN, N.J. — Faropoint, an investment firm based in Northern New Jersey, has acquired six warehouses totaling approximately 550,000 square feet that are located throughout the Dallas-Fort Worth metroplex. The aggregate sales price was $59 million. The properties range in size from 40,116 to 245,300 square feet and were all fully leased at the time of sale. Cushman & Wakefield, Citadel Partners, Finial Group, Mercer Co. and Stream Realty Partners represented the various sellers of the properties, all of which were private investment groups that requested anonymity.

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Highfield-Preston-Celina
DevelopmentMultifamilyTexas

Arch-Con Breaks Ground on 251-Unit Highfield Preston Apartments in Celina, Texas

by Taylor Williams

CELINA, TEXAS — Texas-based general contractor Arch-Con Corp. has broken ground on Highfield Preston, a 251-unit multifamily project that will be situated on a 7.9-acre site in the North Texas city of Celina. Niles Bolton Associates designed the project for Houston-based developer i3. The three-building property will offer one-, two- and three-bedroom units and amenities such as a pool, fitness center, yoga studio, conference room and a resident clubhouse. Completion is slated for August 2023.

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IndustrialLeasing ActivityTexas

Avanza Loop Signs 128,754 SF Industrial Lease in El Paso

by Taylor Williams

EL PASO, TEXAS — Logistics firm Avanza Loop Inc. has signed a 128,754-square-foot industrial lease at 12431 Mercantile Ave. in El Paso. The space is located within Building 1 of El Paso Logistics Park, a 59-acre development by Kansas City-based VanTrust Real Estate. PSRBB Industrial Group designed Phase I of the project, which was completed in September 2021, and Jordan Foster Construction served as the general contractor. Bill Caparis and Arturo De la Mora of CBRE represented the landlord in the lease negotiations. De la Mora also represented the tenant.

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Avenue-Center-Houston
CivicDevelopmentTexas

Avenue Opens 30,500 SF Community Resource Center in Houston

by Taylor Williams

HOUSTON — Avenue, a locally based affordable housing owner-operator, has opened a 30,500-square-foot community resource center in Houston’s Near Northside neighborhood. Global architecture firm Page designed the three-story facility, which houses a community health clinic that provides an array of general and specialty services, as well as a YMCA Children’s Academy. The facility opened in phases beginning last year and now has all services fully operational.

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IndustrialLeasing ActivityTexas

NAI Partners Negotiates 20,800 SF Industrial Lease in Georgetown, Texas

by Taylor Williams

GEORGETOWN, TEXAS — NAI Partners has negotiated a 20,800-square-foot industrial lease at 4045 Airport Road in Georgetown, a northern suburb of Austin. According to LoopNet Inc., the property is currently under construction and will span 58,312 square feet upon completion. Troy Martin of NAI Partners represented the tenant, Liber & Co., which supplies non-alcoholic syrups for the beverage industry, in the lease negotiations. Local brokers Ken Mongold and Michael Johnson represented the landlord, Headwater Capital.

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AcquisitionsIndustrialMassachusettsNortheast

Newmark Brokers Sale of 295,602 SF Industrial Portfolio in Metro Boston

by Taylor Williams

RANDOLPH, STOUGHTON AND FOXBOROUGH, MASS. — Newmark has brokered the sale of a portfolio of five industrial facilities totaling 295,602 square feet that are situated on the southern outskirts of Boston. Three of the facilities are located in Randolph, one is in Stoughton and one is located in Foxborough. At the time of sale, the portfolio was 75 percent leased to nine tenants. Robert Griffin, Edward Maher, Matthew Pullen, Tony Coskren, Brian Pinch, Samantha Hallowell and Allie Percoco of Newmark represented the seller, a partnership between Wheelock Street Capital and The Seyon Group, in the transaction. The team also procured the buyer, Ares Management.

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Orange-Valley-Lofts
AcquisitionsDevelopmentMultifamilyNew JerseyNortheast

Kislak Negotiates Sale of 103-Unit Multifamily Development Site in Orange, New Jersey

by Taylor Williams

EAST ORANGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the sale of a multifamily development site in the Northern New Jersey community of Orange that is fully entitled for 103 market-rate units. The five-story complex will be known as Orange Valley Lofts and will include onsite parking, a lobby, bike room, terrace and an amenity room. Julie Gralla of Kislak represented the seller, Tritop Realty, in the land deal. Joni Sweetwood, also with Kislak, represented the buyer, an affiliate of Reynolds Asset Management. The sales price and a construction timeline were not disclosed.

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