NEW YORK CITY — Spectrum Reach has signed an 11-year, 55,848-square-foot office lease in Midtown Manhattan. The advertising sales business of Charter Communications will relocate from 1633 Broadway to the 26th and 27th floors of 3 Times Square, a 30-story building that was originally constructed in 2001 as the headquarters for Reuters, this fall. Robert Stillman, Cara Chayet and Liz Lash of CBRE represented Spectrum Reach in the lease negotiations. Ron Lo Russo, John Cefaly, Paige Engeldrum, Lou D’Avanzo, Mike Burgio and Dan Organ of Cushman & Wakefield, along with internal agent Thomas Keating, represented the landlord, Rudin.
MEDFORD, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged $3 million in financing for a 69,350-square-foot shopping center in the Long Island community of Medford. The name of the property was not disclosed. Pool supplies retailer Island Recreational anchors the center, which was originally built in 1968 and has a roster of 15 tenants, including Dollar Tree and Dunkin’. Allison Villamagna and Andrew Stewart of Cronheim Mortgage arranged the debt. The borrower and direct lender were not disclosed.
TRENTON, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $2.8 million sale of Belleview Commons, a 24-unit apartment building in Trenton. The three-story building houses a mix of studio, one- and two-bedroom units and recently underwent a capital improvement program. Barry Waisbrod of Kislak brokered the deal. The buyer and seller were not disclosed.
ATLANTA — A joint venture between developers Middle Street Partners and AECOM-Canyon Partners is underway on The Juniper and The Reserve at Juniper, a two-tower multifamily project totaling 487 apartment units. The development is located at 1081 Juniper St., a block from Piedmont Park in Midtown Atlanta. The Juniper will feature 320 units across 37 stories. The top floor will be dedicated to amenity space, including coworking suites, a fitness center and a hot yoga studio. Adjacent to The Juniper, The Reserve at Juniper will comprise 167 apartments across 34 stories. The building will offer amenities such as infrared and salt saunas, a cold plunge and rooftop pool. Each tower will also feature an undisclosed amount of ground-floor retail space. The development team broke ground on the project in mid-2022, and the towers were topped out in July 2024. Leasing is slated to begin in the spring. “We believe Midtown Atlanta, specifically the area adjacent to Piedmont Park, is the most dynamic submarket in the Southeast,” says Ed Alexander, development partner for Middle Street. “We set out to create a residential destination befitting the neighborhood and an addition to the skyline that will stand the test of time.” The joint venture secured …
PIEDMONT, S.C. — Isuzu North America Corp., a subsidiary of Japanese automobile manufacturer Isuzu, has acquired Enterprise 85, a 1 million-square-foot industrial facility located at 7745 Augusta Road Piedmont. Situated on over 200 acres in South Carolina’s Upstate region near I-185, the building will house an assembly plant to expand Isuzu’s vehicle supply capabilities in North America. Isuzu’s estimated $280 million investment at the facility will create more than 700 new jobs, with operations anticipated to begin in 2027. The property was recently developed on a speculative basis by SunCap Property Group and the real estate arm of Goldman Sachs Asset Management. Garrett Scott, John Montgomery, Brockton Hall and Dillon Swayngim of Colliers’ Spartanburg, S.C., office represented SunCap in the transaction.
LAKELAND, FLA. — Alliance Residential Co. has opened Prose Lakeside, a 391-unit apartment community located at 1320 Caprice Drive in Lakeland. Situated one mile from Lakeland Linder Airport and near I-4, the property features one- and two-bedroom apartments, as well as three-bedroom townhomes that come with private two-car garages. Monthly rental rates range from $1,664 to $2,914, according to Apartments.com. Amenities include a 24-hour fitness center, lounge space featuring an entertainment island and kitchen, mailroom, coworking space, pool with two in-pool sun shelves and a fenced dog park.
MONTGOMERY, ALA. — First National Realty Partners (FNRP) has purchased Country Club Centre, a 67,662-square-foot shopping center located at 1702-1796 Carter Hill Road in Montgomery. The property sits on a 4.8-acre site and was 85 percent leased at the time of sale to tenants including anchors Winn-Dixie (35,922 square feet) and Dollar Tree (9,140 square feet). Other tenants include Staying Classy Boutique, Wingstop, China Sea Kitchen, Subway, Naz’s Boutique & Spa, Pro Nails, Mutt Cuts and Martin’s Restaurant. Gary Chou of Berkeley Capital Advisors represented the undisclosed seller in this transaction. The sales price was also not released. Country Club Centre represents FNRP’s fifth acquisition in Alabama.
LOUISVILLE, KY. — The Kirkland Co. has brokered the sale of The Avenue in the Highlands, a 128-unit apartment community in Louisville’s Highlands neighborhood. Brandon Wilson, Brian Devlin and John Seale of Kirkland brokered the transaction. The buyer, seller and sales price were not disclosed, but The Lane Report reported that the property traded hands for $18 million. Built in 1966, The Avenue in the Highlands features a mix of studio, one- and two-bedroom apartments, as well as a resort-style swimming pool, dog park, coffee bar and a grilling area.
COLUMBUS, GA. — Ziff Real Estate Partners has sold St. Francis Marketplace, a 63,607-square-foot shopping center located at 4519 Woodruff Road in Columbus. The retail property’s tenant roster includes Planet Fitness, Rent-A-Center, Kool Smiles, Franklin Dental & Braces and Jersey Mike’s Subs, among others. The Mt. Pleasant, S.C.-based investor originally acquired the center in 2015 and completed various upgrades at the property over the past 10 years. Steve Collins and Brent Hadden of The Palomar Group represented Ziff in the transaction. The sales price and buyer were not released.
FORT WORTH, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a Rocklyn at Samuels Ave., a 274-unit apartment community in Fort Worth. Built in 2018, the property offers studio, one-, two- and three-bedroom units with an average size of 885 square feet. Amenities include a pool, entertainment room, dog park, fitness center and outdoor grilling and dining stations. Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Shelby Clark of IPA represented the seller, Dallas-based Carleton Cos., in the transaction and procured the buyer, EPH Properties.