COLUMBUS, OHIO — Bagels & Co. has signed a 2,660-square-foot retail lease at Rambler Columbus, a student housing property near The Ohio State University campus. The tenant will occupy space on the ground floor beginning in spring 2026. Known for its Brooklyn-style bagels, the café also serves La Colombe coffee, 25 varieties of cream cheese and a variety of breakfast and lunch offerings. Developed by LV Collective, Rambler Columbus opened this fall at 222 W. Lane Ave. Other retail tenants at the property include coffee shop Daydreamer and Victory Lap, an Ohio State-themed sports bar. Matt Stein and Matt Cooper of MSC represented both Bagels & Co. and LV Collective in the lease.
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DALLAS — A consortium led by BlackRock’s Global Infrastructure Partners, Abu Dhabi’s MGX and the Artificial Intelligence Infrastructure Partnership has entered into an agreement to acquire Dallas-based Aligned Data Centers for approximately $40 billion. The sellers are Macquarie Asset Management and its co-investment partners. Subject to regulatory approvals, the transaction is expected to close in the first half of 2026. This deal marks Macquarie Asset Management’s second major data center transaction in the last year, following the 2024 sale of AirTrunk to a consortium of investors that valued the company at $16 billion. Aligned Data Centers has rapidly scaled across North and South America, serving hyperscale, AI and enterprise customers. In recent years, Aligned has expanded its footprint from two operational facilities in Dallas and Phoenix to more than 50 campuses across the United States, Mexico, Brazil, Chile and Colombia, representing over 5 gigawatts (GW) of operational and planned capacity, including assets under development. Aligned also obtained the first-ever green data center securitization, and first-ever sustainability-linked financing for a data center platform, according to company representatives. “This transaction underscores Macquarie Asset Management’s ability to consistently identify key thematics early and find opportunities that create value for our clients and partners,” says Ben …
DALLAS — Houston-based developer Alliance Industrial has broken ground on Park Six35, a 362,065-square-foot project in North Dallas. The site is located in the Valwood submarket, which lies at the junction of interstates 35 and 635, and the development will feature three buildings that will be able to support users with requirements ranging from 35,000 to 146,000 square feet. Buildings will have rear-load configurations and 32-foot clear heights. Demolitions of existing structures on the site are underway, and the groundbreaking of the new buildings is scheduled to occur before the end of the year. Holt Lunsford Commercial has been tapped as the leasing agent.
HOUSTON — MetroNational has acquired the 309,144-square-foot retail component of CITYCENTRE, a 47-acre mixed-use development in West Houston. The retail portion frames a central green space at the property and is home to roughly 24 food-and-beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. MetroNational has partnered with Radom Capital to renovate the retail portion of CITYCENTRE. JLL represented the seller, Dallas-based TriGate Capital, in the transaction. MetroNational represented itself.
WACO, TEXAS — JLL has arranged the sale of a 181,708-square-foot retail property in Waco that is leased to tenants including Sprouts Farmers Market, Best Buy, Office Depot and Burlington. The property is part of Central Texas Marketplace, a 526,000-square-foot power shopping center that was built between 2005 and 2015. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL represented the seller, Ball Ventures, in the transaction. The buyer was G3C Operating LLC, an entity controlled by Dallas-based investor James “Corky” Nix.
BAYTOWN, TEXAS — Partners Real Estate has negotiated a 101,968-square-foot industrial lease in Baytown, an eastern suburb of Houston. The tenant is Architectural Surfaces Group, and the space is located within Building 2 of GrandPort 99 Business Park. Travis Land of Partners represented the landlord, a partnership between Alto Real Estate Funds and Industrial Development & Ventures (IDV), in the lease negotiations. Colton Hector and Ed Frantz of CBRE represented the tenant.
HOUSTON — Third Coast Infrastructure LLC has signed a 20,800-square-foot office lease in downtown Houston. The locally based energy infrastructure company plans to move into its new space within Norton Rose Fulbright Tower, a 28-story building located at 1550 Lamar St., sometime next year. Griff Bandy of Partners Real Estate represented the tenant in the lease negotiations. Skanska owns the building.
NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has entered into an agreement to purchase Park Avenue Tower, a 36-story, 621,826-square-foot office building located at 65 E. 55th St. in Midtown Manhattan. According to The Wall Street Journal, the seller, Blackstone, bought the building in 2014 for $750 million. Park Avenue Tower was originally constructed in 1986 and recently underwent capital improvements that enhanced office suites, the lobby, amenity spaces and the outdoor plaza. Gary Phillips and Will Silverman of Eastdil Secured represented the seller in the transaction. The deal is expected to close in the first quarter of 2026.
DEVENS, MASS. — A partnership between Pivotal Manufacturing Partners and Declaration Partners has purchased a 165,335-square-foot manufacturing facility in Devens, located northwest of Boston, for $74 million. The facility, which was built in 2022, serves as the global headquarters and magnet production hub of Commonwealth Fusion Systems. Building features include a clear height of 32 feet, three tailboard dock doors, one drive-in door and 283 parking spaces. John Alascio, Alan Blank, Alex Lapidus, Rob Borden and Heather Brown of Cushman & Wakefield arranged $52.8 million in acquisition financing for the deal through Goldman Sachs.
NEW YORK CITY — ACRES Capital has provided a $42.5 million loan for the refinancing of The Congress, a 74-unit apartment building located on West 54th Street in Midtown Manhattan. According to StreetEasy, the building was originally constructed in 1923. The Congress also includes two office spaces and five retail spaces. The undisclosed sponsor will use a portion of the proceeds to fund upgrades of existing residences and common areas and convert former professional office suites into additional residential units.