WICHITA FALLS, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Call Field Crossing, a 43,736-square-foot shopping center in Wichita Falls, located about 115 miles northwest of Fort Worth. The center was 88 percent leased at the time of sale to tenants such as Jersey Mike’s Subs and Crab Kingdom. Will Schubert and Jennifer Pierson of STRIVE represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.
HOUSTON — General contractor Tellepsen Builders has completed a 10,000-square-foot life sciences facility in northeast Houston. Designed by Pfluger Architects, the facility is known as the San Jacinto College Center for Biotechnology by virtue of its location on that institution’s campus within the Generation Park master-planned development. The center was designed as a laboratory suite with an entry lobby fitted with lockers, a break room and workroom for San Jacinto College students and staff.
PASSAIC, N.J. — A joint venture between Los Angeles-based PCCP LLC and Atlanta-based Stonemont Financial Group has received $65.4 million in bridge financing for a 295,506-square-foot industrial property in Northern New Jersey. Built on a 17.7-acre site at 122 Eighth St. in 2024, Passaic Logistics Center features a clear height of 40 feet, 40 dock-high doors, 130-foot truck court depths and parking for 55 trailers and 167 cars. In addition, the building can accommodate a single or multiple users. JLL arranged the financing through TPG Real Estate Credit on behalf of the joint venture. Specific loan terms were not disclosed.
EDGEWATER, N.J. — JLL has negotiated the $53.2 million sale of Edgewater Towne Center, a mixed-use property located about 10 miles outside of New York City. Built on 14 acres in 2000, Edgewater Towne Center comprises 76,525 square feet of retail space and 64 market-rate apartments. Anchored by Whole Foods Market, the retail portion was 98 percent leased at the time of sale to tenants such as Club Pilates, Amazon One Medical, Bond Vet and Pure Barre. The residential component of the building was 94 percent occupied at closing. Jose Cruz, Kevin O’Hearn and J.B. Bruno of JLL represented the seller, Site Centers Corp., in the transaction and procured the local private buyer.
DANBURY AND NORWALK, CONN. — CBRE has brokered the $39.7 million sale of a portfolio of two affordable seniors housing properties totaling 169 units in Connecticut. Residences at both the 116-unit Kimberly Place in Danbury and the 53-unit One Leonard in Norwalk are reserved for renters age 62 and above. Simon Butler, Biria St. John, Jeff Dunne, Eric Apfel, Tim Flint and Taylor Froland of CBRE represented the seller, an affiliate of First Atlantic LLC, in the transaction and procured the buyer, an affiliate of Heritage Housing Inc.
WORCESTER, MASS. — Nonprofit owner-operator The Community Builders (TCB) has completed Merrick at the Square, a 49-unit affordable housing project in downtown Worcester. The building offers 11 units for households earning up to 30 percent or less of the area median income (AMI), five units reserved for renters earning 50 percent or less of AMI and 33 units for those making 60 percent or less of AMI. Amenta Emma Architects designed the project, and Saloomey Construction served as the general contractor.
NEW YORK CITY — The New York State Office of General Services has signed a 15-year, 66,106-square-foot office lease expansion at 919 Third Avenue in Midtown Manhattan. The space spans the entire 46th and 47th floors of the 1.5 million-square-foot building and brings the tenant’s footprint at the property to 117,390 square feet. Stephen Siegel, Liz Lash, Peter Larkin and Mark Bezold of CBRE represented the tenant in the lease negotiations. Robert Alexander, Ryan Alexander, Emily Chabrier, Taylor Callahan, Alex D’Amario and Nicole Marshal, also with CBRE, represented the landlord, SL Green.
GAITHERSBURG, MD. — Newmark has provided a $67.5 million agency loan for the refinancing of Rockwell at Crown, a 335-unit multifamily apartment community located in Gaithersburg, roughly 20 miles northwest of Washington, D.C. Jim Badolato, Rob Cantazano, Greg Primiano, Deric Obeldobel and Elias Sulpizio of Newmark originated the financing through Fannie Mae on behalf of the borrower, Sentinel Real Estate. Completed in 2022, Rockwell at Crown offers a mix of one-, two- and three-bedroom units, with select layouts featuring dens and built-in desks. Amenities at the property include a resort-style swimming pool with sun shelf and cabanas, fitness center, electric vehicle charging stations, coworking areas and landscaped outdoor spaces.
NORTH PORT, FLA. — Marcus & Millichap has brokered the $10.8 million sale of North Port Village, a 66,083-square-foot neighborhood retail center located at 14255 S. Tamiami Trail in North Port, roughly 35 miles south of Sarasota, Fla. Planet Fitness anchors the property, which was fully leased at the time of sale. Additional tenants include Humana, NAPA Auto Parts and Do The Beach adventure park. North Port Village was originally built in 1989 on nearly 11 acres. Clayton Brown, Luke Holsinger and Ruthanne Loar of Marcus & Millichap’s Seattle office procured the buyer, a Seattle-based private investor, in the transaction. Drew Kristol and Kirk Olson, also with Marcus & Millichap, represented the seller, a South Florida-based real estate investment firm.
HANAHAN, S.C. — Charlotte-based real estate investment firms Port Commercial and Cedar Square have acquired 916 Commerce Circle, an 80,000-square-foot industrial facility in Hanahan, approximately eight miles outside North Charleston. Lee Allen, Kevin Coats and Tyler Smith of JLL will lead leasing efforts on behalf of the new ownership. The seller and sales price were not disclosed. The rail-served property spans 4.1 acres and features a fully air-conditioned industrial building with 1,600 square feet of office space, eight dock positions with levelers, three 14-foot drive-in doors, epoxy flooring, LED lighting and outdoor storage capabilities. 916 Commerce Circle also provides access to the Wando Welch, Hugh K. Leatherman and North Charleston port terminals in greater Charleston. Port Commercial and Cedar Square plan to launch a capital improvement program for the property that includes refreshed office interiors, new exterior painting, dock upgrades and parking lot resealing.