Property Type

Earth Fare Reopens at Shoppes of St. Johns Parkway in St. Johns, Florida

by Julia Sanders August 17, 2021

ST. JOHNS, FLA. — Earth Fare, an organic and natural grocery chain based in Asheville, N.C., will be reopening a location within Shoppes at St. Johns Parkway in St. Johns. Earth Fare will once again occupy a 24,000-square-foot space as an anchor tenant. Located at 120 Shops Blvd., Earth Fare previously was in this location but had to close, following the company declaring bankruptcy at the beginning of 2020. Sleiman Enterprises, which is the developer and owner of Shoppes of St. Johns Parkway, helped arrange the reopening of Earth Fare. When Earth Fare filed for bankruptcy in February 2020, it caused a nationwide liquidation of its stores. However, Dennis Hulsing of Hulsing Enterprises purchased the company in March 2020. Under the new ownership of Hulsing Enterprises, Earth Fare has since opened 22 locations throughout the East Coast with plans of ongoing expansion. The Shoppes of St. Johns Parkway also includes retailers such as Ember and Iron, Canopy Road Café, Xtreme Wings, Massage Envy, RaceTrac and Engel & Volkers. Space is still available for lease at the center.

August 17, 2021

Acquisitions Industrial Texas

JLL Brokers Sale of 182,129 SF Southlake Business Park Near Fort Worth

by Taylor Williams August 17, 2021

SOUTHLAKE, TEXAS — JLL has brokered the sale of Southlake Business Park, a 182,129-square-foot light industrial development located near Fort Worth. The three-building park was developed in 2020 and was fully leased at the time of sale. Building features include 24- to 28-foot clear heights, 63 dock-high doors, 15 percent office finishes, ESFR fire protection systems and ample vehicle parking. Dustin Volz, Stephen Bailey, Dom Espinosa, Matthew Barge and Wesley Gilmer of JLL represented the seller, Holt Lunsford Commercial Investments, in the transaction. CBRE Global Investors purchased the asset for an undisclosed price. The development was fully leased to six tenants at the time of sale.

August 17, 2021

Loans Multifamily Texas

Greystone Provides $27.6M HUD-Insured Loan for Refinancing of Metro Houston Apartments

by Taylor Williams August 17, 2021

HUMBLE, TEXAS — Greystone has provided a $27.6 million HUD-insured loan for the refinancing of Willowbend Apartments, a 228-unit multifamily complex located in the northern Houston suburb of Humble. Built in 2016, the 10-building property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, pet park and an outdoor kitchen with grilling areas. Eric Rosenstock of Greystone originated the financing, which was structured with a fixed interest rate and a 35-year term and amortization schedule, through HUD’s 223(f) program on behalf of the borrower, Partin Properties LLC.

August 17, 2021

Build-to-Rent Features Multifamily Single-Family Rental Southeast Feature Archive

No Place Like Home: SFR Market Grows in Southeast as In-Migration Soars

by Kristin Harlow August 17, 2021

By Sudha Reddy, Haven Realty Capital Single-family rentals have taken off in various areas across the country. But they’re boiling in the Southeast. The strength in the Southeast shouldn’t be a surprise as the region has enjoyed substantial employment and population growth over the past decade — well before COVID-19 hit last year. In 2018, the Southeast led other regions in net inflow, gaining around 959,000 new residents from different areas of the United States and around the globe, according to the U.S. Census Bureau. This strong growth showed up in cities and states throughout the region. Among states, Florida led the way, with 566,476 people moving from another state. Of the cities with a population of 50,000 or more, the Southeast had 10 of the top 15 fastest-growing large U.S. cities between 2010 and 2020, according to the U.S. Census Bureau. While the region was flourishing before COVID-19, the pandemic accelerated its population gains and spotlighted them. This migration has created a fertile climate for single-family rental builders and investors. Despite the intense interest, investors have been able to find many great opportunities in the region over the past year with even more properties coming in the pipeline. Moving …

August 17, 2021

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 174,932 SF Industrial Lease Renewal in South Dallas

by Taylor Williams August 17, 2021

DALLAS — Lee & Associates has negotiated a 174,932-square-foot industrial lease renewal at 4100 Platinum Way in South Dallas. Nathan Denton of Lee & Associates and Brett Owens of Transwestern represented the landlord, Platinum Way Holdings, in the lease negotiations. Additional terms of the transaction were not disclosed.

August 17, 2021

Leasing Activity Office Texas

Entergy Signs 107,614 SF Office Lease Expansion at Hughes Landing in The Woodlands, Texas

by Taylor Williams August 17, 2021

THE WOODLANDS, TEXAS — Fortune 500 energy firm Entergy has signed a 107,614-square-foot office lease expansion at Hughes Landing, a 79-acre development located in The Woodlands, about 30 miles north of Houston. The company is expanding by 53,604 square feet within the Lake Front North campus at Hughes Landing to provide additional space for its 650-plus employees. Bob Parsely, Norm Munoz, Jillian Fredricks and Connor Duffy with Colliers International represented the landlord, The Howard Hughes Corp., in the lease negotiations. Hugh Herman, Carla Williams and Andy Ghertner with Cushman and Wakefield represented Entergy.

August 17, 2021

Acquisitions Office Texas

Colliers Brokers Sale of 79,956 SF Office Building in East Houston

by Taylor Williams August 17, 2021

HOUSTON — Colliers International has brokered the sale of Atrium 10 Tower, a 79,956-square-foot office building located on Houston’s east side. The six-story property is situated on a 2.4-acre site that fronts Interstate 10 and Loop 610. David Carter of Colliers represented the undisclosed seller in the transaction. Guy Brown of Texas Overland represented the buyer, an entity doing business as 11811 Properties.

August 17, 2021

Acquisitions New York Northeast Office

Harbor Group International Agrees to Buy Midtown Manhattan Office Building for $760M

by Taylor Williams August 17, 2021

NEW YORK CITY — Harbor Group International (HGI) has entered into an agreement to buy 51 West 52nd Street, an office building in Midtown Manhattan known as the CBS Building, for $760 million. As the former owner-occupier, ViacomCBS will lease back its space on a short-term basis. The deal marks the first sale of the building since it originally opened in 1964. HGI plans to implement a significant capital program to reposition the property in support of a long-term leasing plan. Updates will include significant upgrades to the lobby and other tenant amenities. CBRE leases the building. The deal is expected to close by the end of the year.

August 17, 2021

Loans New York Northeast Office

Cushman & Wakefield Arranges $106M Acquisition Loan for Brooklyn Office Condo

by Taylor Williams August 17, 2021

NEW YORK CITY — Cushman & Wakefield has arranged a $106 million acquisition loan for an office condominium located at 12 MetroTech Center in downtown Brooklyn. The condo consists of five floors totaling 186,000 square feet that are situated within a larger building whose lower 25 floors are owned by the City of New York. Gideon Gil, Lauren Kaufman, Steve Kohn and Alex Hernandez of Cushman & Wakefield arranged the five-year, interest-only loan through Starwood Property Trust on behalf of the borrower, an entity doing business as 60 Guilders. Doug Harmon, Adam Spies, Adam Doneger, Dan OBrien, Rachel Humphrey and Meaghan Philbin of Cushman & Wakefield brokered the sale of the asset.

August 17, 2021

Acquisitions Mixed-Use New Jersey Northeast

CBRE Negotiates Sale of Mixed-Use Property in Garfield, New Jersey

by Taylor Williams August 17, 2021

GARFIELD, N.J. — CBRE has negotiated the sale of a three-building mixed-use property in Garfield, located in the northern part of the Garden State. The property consists of a 69,157-square-foot industrial building that Is fully leased and anchored by textile manufacturer Wearbest Weavers, as well as a retail structure and a two-unit apartment building. Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin and Zach McHale of CBRE represented the undisclosed private seller in the transaction. The team also procured the buyer, New York City-based Snowball Developments LLC.

August 17, 2021

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