Property Type

Midway, Arc Capital Acquire 198-Unit Sabine Street Lofts Apartments in Houston

by Taylor Williams November 11, 2022

HOUSTON — A joint venture between locally based developer Midway and Los Angeles-based investment firm Arc Capital Partners has acquired Sabine Street Lofts, a 198-unit apartment complex located near downtown Houston. Built in 2001, the complex houses one- and two-bedroom units with an average size of 1,017 square feet that feature quartz countertops, individual washers and dryers and private balconies/patios. Amenities include two pools, a fitness center, outdoor lounge areas and access to Houston’s Buffalo Bayou trail network. Tom Fish and Jonathan Paine of Walker & Dunlop arranged acquisition financing on behalf of the joint venture. The seller and sales price were not disclosed.

November 11, 2022

Acquisitions Life Sciences Texas

Oldham Goodwin Sells 175,752 SF Life Sciences Facility in College Station, Texas

by Taylor Williams November 11, 2022

COLLEGE STATION, TEXAS — Oldham Goodwin has sold the Westinghouse Building at Providence Park, a 175,752-square-foot life sciences facility in College Station. Oldham Goodwin acquired the facility, which was originally built in 1983 as a manufacturing plant for Westinghouse Electronic Systems Group, in 2016. At that point, the facility had been shuttered since 1999. Dallas-based Big Sky Medical Real Estate purchased the asset for an undisclosed price.

November 11, 2022

Industrial Loans Northmarq Office Texas

Northmarq Arranges Refinancing of 174,139 SF Industrial Flex Property in Northwest Houston

by Taylor Williams November 11, 2022

HOUSTON — Northmarq has arranged a loan of an undisclosed amount for the refinancing of a 174,139-square-foot industrial flex property in Houston. The property was built in 1992 on a 14-acre site on the city’s northwest side. Larry Peters and Adam Unger of Northmarq arranged the loan through an undisclosed life insurance company. The borrower was also not disclosed.

November 11, 2022

Acquisitions Industrial Texas

Colonial Commercial Negotiates Sale of 80,000 SF Industrial Building in Fort Worth

by Taylor Williams November 11, 2022

FORT WORTH, TEXAS — Locally based brokerage firm Colonial Commercial Real Estate has negotiated the sale of an 80,000-square-foot industrial building located near Fort Worth’s downtown area. Baillargeon Realty LLC sold the property at 205 N. Vacek St. to Tarrant Area Food Bank, a local nonprofit, for an undisclosed price. Jane Tapper of Colonial Commercial represented both parties in the transaction. The buyer also operates a food bank across the street.

November 11, 2022

Industrial Leasing Activity Texas

Diversco Signs 51,498 SF Industrial Lease Renewal in Carrollton, Texas

by Taylor Williams November 11, 2022

CARROLLTON, TEXAS — Diversco Inc., a South Carolina-based provider of marine equipment, has signed a 51,498-square-foot industrial lease renewal in the northern Dallas metro of Carrollton. The space is located within Marsh Business Park West. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as DK Industrial Dallas LLC, in the lease negotiations. The representative of the tenant was not disclosed.

November 11, 2022

Acquisitions Life Sciences Massachusetts Northeast

MetLife Acquires Metro Boston Life Sciences Facility for $103M

by Taylor Williams November 11, 2022

BURLINGTON, MASS. — MetLife Investment Management has acquired Burlington BioCenter, a 109,085-square-foot life sciences facility located about 15 miles northwest of Boston, for $103 million. The facility was converted to life sciences from office usage in 2019 and was fully leased at the time of sale. Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell of Newmark represented the seller, a partnership between The Gutierrez Co. and GEM Realty Capital, in the transaction. David Douvadjian Sr. and Timothy O’Donnell, also with Newmark, arranged an undisclosed amount of acquisition financing on behalf of the buyer.

November 11, 2022

Dicerna-Pharmaceuticals-Lexington-Massachusetts

Leasing Activity Life Sciences Massachusetts Northeast

Dicerna Pharmaceuticals Signs 107,238 SF Life Sciences Lease Expansion in Lexington, Massachusetts

by Taylor Williams November 11, 2022

LEXINGTON, MASS. — Locally based biotechnology firm Dicerna Pharmaceuticals has signed a 107,238-square-foot life sciences lease expansion at its Hayden Avenue Campus in Lexington, located north of Boston. The tenant, which has operated out of the site since 2014, currently occupies more than 90,000 square feet. The expansion brings Dicerna’s total footprint in Lexington to more than 275,000 square feet. Boston-based King Street Properties owns the Hayden Avenue Campus.

November 11, 2022

Acquisitions New York Northeast Retail

Horvath & Tremblay Arranges $18.6M Sale of Shopping Center in Webster, New York

by Taylor Williams November 11, 2022

WEBSTER, N.Y. — Metro Boston-based brokerage firm Horvath & Tremblay has arranged the $18.6 million sale of Webster Plaza, a 154,991-square-foot shopping center located outside of Rochester in upstate New York. Tenants at Webster Plaza include Savers, the Town of Webster Public Library, Pet Supplies, Starbucks, Subway and FedEx. Jeremy Black, Bob Horvath and Todd Tremblay of Horvath & Tremblay represented the seller, a private investor, in the transaction. The buyer was also a private investor.

November 11, 2022

Loans Multifamily New Jersey Northeast

Cathay Bank Provides $11.8M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams November 11, 2022

WEST NEW YORK, N.J. — Cathay Bank has provided an $11.8 million construction loan for a 48-unit multifamily project in West New York, located across the Hudson River from Manhattan. The property will offer one- and two-bedroom units with an average size of 847 square feet. Matthew Pizzolato, Max Custer, Gerard Quinn and Salvatore Buzzerio of JLL arranged the three-year, floating-rate loan on behalf of the undisclosed private developer of the project. A tentative completion date was not disclosed.

November 11, 2022

Acquisitions Multifamily New York Northeast

Rosewood Realty Negotiates $4.4M Sale of Manhattan Apartment Building

by Taylor Williams November 11, 2022

NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has negotiated the $4.4 million sale of an apartment building located at 337 E. Ninth St. in Manhattan’s East Village area. The five-story building was constructed in 1900 and comprises nine residential units and two commercial spaces. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood represented the seller, a limited liability company, in the transaction and procured the buyer, a private investor. Both parties requested anonymity.

November 11, 2022

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