RICHARDSON, TEXAS — Edge Capital Markets has arranged the sale of Promenade North Plaza, a 59,355-square-foot shopping center located in the northeastern Dallas suburb of Richardson. Built in 1979, the center consists of six building on a 4.3-acre site. Brandon Beeson and John David Cobb of Edge represented the undisclosed seller in the transaction. Promenade North Plaza was 93 percent leased at the time of sale.
KATY, TEXAS — Partners Real Estate has brokered the sale of a 50,532-square-foot industrial outdoor storage facility in the western Houston suburb of Katy. The site at 29315 Highway Blvd. spans 44.6 acres. Hunter Stockard and Wyatt Huff of Partners represented the seller, BioUrja, in the transaction. The buyer was Chicago-based private equity real estate firm Timber Hill Group.
CLIFFSIDE PARK, N.J. — A joint venture between two New York City-based firms, Hyperion Group and Benenson Capital, has acquired The Centre, a 16-story apartment building located in the Northern New Jersey community of Cliffside Park, for $165 million. The Centre consists of 314 units that come in studio, one- and two-bedroom units and range in size from 564 to 1,385 square feet. Amenities include a pool, health club, lounge, billiards and card room, spa and 24-hour concierge services. The Centre also houses 52,000 square feet of commercial space across two stories. The seller was not disclosed.
NEW YORK CITY — Marcus & Millichap has arranged the $7.3 million sale of a 40-unit apartment building in Queens. The five-story building at 27-08 39th Ave. was originally constructed in 1929 and offers studio, one- and two-bedroom units, eight of which (20 percent) are subject to rent restrictions. Matt Fotis and Lazarus Apostolidis of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Filippo of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.
MORGANVILLE, N.J. — CBRE has brokered the $6.9 million sale of an industrial outdoor storage (IOS) facility in the Central New Jersey community of Morganville. The 21,000-square-foot facility at 173 Amboy Road was originally constructed in 1988, and the property includes 4.8 acres of outdoor storage space. Liam McGregor, Mark Silverman, Brian Fiumara and Elli Klapper of CBRE represented the buyer, private industrial investment firm Genesis, in the off-market transaction. The seller was not disclosed.
BOSTON — New York City-based investment firm Drucker Associates has completed the $5 million renovation of 211 Congress Street, a 90,000-square-foot office building in downtown Boston. The project, which is expected to be complete before the end of the year, will deliver a modern lobby, upgraded elevators and restrooms, new storefronts and a refreshed retail façade. Newmark is both the office and retail leasing agent for 211 Congress Street.
HANOVER, PA. — Kerry Group, an Irish food-and-beverage company, will open a 48,000-square-foot manufacturing facility in the Lehigh Valley city of Hanover. Kerry has leased a building that was formerly occupied by beverage maker Martin Bauer Group with plans to use the facility for coffee roasting and extraction. Kerry expects the facility to create about 60 new jobs in addition to 16 positions that will be retained from the previous operation. The opening is set for some time next year.
SAN DIEGO — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The transaction is expected to close by January 2026. The company expects to use the net cash proceeds after taxes and transaction costs to retire debt within its securitization structure. In line with the company’s “Jack on Track” plan announced in April, the sale of Del Taco allows for the strengthening of the company’s balance sheet and initiates the return of Jack in the Box to a “simpler, asset-light business model,” according to a release. BofA Securities Inc. is serving as exclusive financial advisor to Jack in the Box and Sullivan & Cromwell LLP is serving as its legal counsel in the transaction. Yadav Enterprises is represented by its general counsel, Steven …
Priority Capital Advisory Arranges $28M Construction Loan for Apartment Property in West Los Angeles
LOS ANGELES — Priority Capital Advisory has arranged a $28 million loan on behalf of CityPads, a private equity fund manager and multifamily developer with operations based in Chicago and Los Angeles. The senior debt financing will be used for the development of a 92-unit multifamily property located at 8931-8945 Helms Place in West Los Angeles. Zachary Streit of Priority Capital Advisory, along with Lucas Borges of JLL, arranged the loan. The property will feature 38 studio units (33 market rate and five affordable), 53 one-bedroom units (47 market rate, six affordable) and one affordable three-bedroom unit. Building amenities will include coworking space and a lounge, private patios, onsite parking, 9- to 10-foot ceilings and a fully built-out roof deck with 360-degree views. Construction is underway for the project, which is slated for completion in late 2026.
ROSWELL, GA. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury rental apartments; 16 for-sale brownstones; abundant surface and structured parking; and pedestrian access to downtown Roswell and surrounding trails. Atlantic Cos. is developing Hillrose Market in a public-private partnership with the City of Roswell. ASD | SKY is leading design efforts, and The Providence Group is developing the brownstones. Westbridge is serving as commercial consultant, advising on the adaptive reuse and retail components. New South Construction Co. is the general contractor, and Kimley-Horn is the project engineer. Crosby Design Group is leading interior design services. Construction is slated to begin next year, with completion of the first phases anticipated in 2027.