Property Type

Newmark Zimmer Arranges Sale of 275,000 SF Industrial Property in Edwardsville, Kansas

by Kristin Harlow March 23, 2022

EDWARDSVILLE, KAN. — Newmark Zimmer has arranged the sale of a 275,000-square-foot industrial property in Edwardsville, a western suburb of Kansas City. The sales price was undisclosed. The cross-dock truck terminal facility, which is fully leased to one tenant, features 335 truck doors and sits on a 126-acre site at 9140 Woodend Road. Originally constructed in 1999, the facility was expanded in 2013 and 2019. Jerry Hopkins, Ken Hedrick, Mark Long, John Hassler and Alex Foshay of Newmark Zimmer brokered the transaction. Buyer and seller information was not provided.

March 23, 2022

Civic Development Healthcare Texas

TCU to Open 100,000 SF Medical Education Building in Fort Worth

by Taylor Williams March 23, 2022

FORT WORTH, TEXAS — The Texas Christian University (TCU) School of Medicine will open a 100,000-square-foot building within Fort Worth’s Near Southside District. Designed by CO Architects and Hoefer Welker, the project represents the first phase of development of a new campus that will serve as an academic hub for some 240 medical students, as well as faculty and staff. TCU launched its medical school program in 2019 with an initial enrollment of 60 students. Construction of the four-story building is set to begin later this year and to be complete in advance of the fall 2024 semester

March 23, 2022

Illinois Leasing Activity Midwest Office

Cresa Signs 21,000 SF Office Lease to Relocate Headquarters to Chicago

by Kristin Harlow March 23, 2022

CHICAGO — Commercial real estate firm Cresa has signed a 21,000-square-foot office lease to relocate its headquarters to Chicago from Washington, D.C. The firm will occupy space at 167 Green St. in Chicago’s Fulton Market district. Cresa says the decision to relocate follows the announcement of several high-level, Chicago-based leadership hires. The new office will house Cresa’s tenant advisory practice, project management and lease administration teams. The office will feature a mix of collaborative and private work areas. Cresa, which exclusively represents occupiers, maintains more than 80 offices and 1,000 employees.

March 23, 2022

Acquisitions Multifamily Texas

Greysteel Negotiates Sale of 160-Unit Park Ridge Apartments in El Paso

by Taylor Williams March 23, 2022

EL PASO, TEXAS — Greysteel has negotiated the sale of Park Ridge Apartments, a 160-unit multifamily community in El Paso. Built in 1974, the property features one-, two- and three-bedroom units with an average size of 826 square feet. Amenities include a pool and a basketball court. Jack Stone and Doug Banerjee of Greysteel represented the undisclosed seller in the transaction. The buyer was also not disclosed.

March 23, 2022

Company News Multifamily Texas

NewQuest Properties Launches Multifamily Division to Serve Houston Market

by Taylor Williams March 23, 2022

HOUSTON — NewQuest Properties, a Houston-based retail development, brokerage and management firm, has launched a division to provide similar services to the city’s multifamily sector. NewQuest, which owns and manages more than 12 million square feet of commercial space, has tapped industry veteran John Leonard to lead the new division. Leonard most recently served as senior vice president and CFO of developer Sueba USA.

March 23, 2022

Industrial Leasing Activity New Jersey Northeast

LaserShip Logistics Signs 327,000 SF Industrial Lease in Southern New Jersey

by Taylor Williams March 23, 2022

LOGAN TOWNSHIP, N.J. — Freight company LaserShip Logistics has signed a 327,000-square-foot industrial lease at Building F at Logan North, a 3.2 million-square-foot speculative development in Southern New Jersey. John Dingle & Dean Torosian of JLL represented the tenant in the negotiations for the full-building lease. Torosian also worked with Nate Demetsky and Matt Kemery of JLL to represent the landlord, a partnership between Advance Realty Investors and Greek Development.

March 23, 2022

Development Multifamily New Jersey Northeast Seniors Housing

Thrive Nears Completion of 203-Unit Seniors Housing Community in Montvale, New Jersey

by Taylor Williams March 23, 2022

MONTVALE, N.J. — Thrive Senior Living is nearing completion of Thrive at Montvale, a 203-unit seniors housing community in the DePiero’s Farm neighborhood near the New York-New Jersey border. Located just off the Garden State Parkway, the three-story community will offer independent living and assisted living services, plus a small-house model senior living environment focused on memory care. The welcome center is currently open, and residents are scheduled to begin moving in this spring.

March 23, 2022

Affordable Housing Development Multifamily New Jersey Northeast

Walters Underway on 150-Unit Affordable Housing Project in Branchburg, New Jersey

by Taylor Williams March 23, 2022

BRANCHBURG, N.J. — New Jersey-based multifamily developer Walters is underway on construction on Cornerstone at Branchburg, an affordable housing community that will be located about 50 miles west of Manhattan. Rental rates vary based on income, with priority given to renters earning 60 percent or less of the area median income. The property comprises two three-story buildings on an 11.7-acre site. Units come in one- and two-bedroom floor plans with an average size of about 800 square feet. Full completion is slated for next spring.

March 23, 2022

Loans New York Northeast Retail

Axiom Capital Arranges $25M Loan for Refinancing of Queens Shopping Center

by Taylor Williams March 23, 2022

NEW YORK CITY — Commercial finance and advisory firm Axiom Capital Corp. has arranged a $25 million loan for the refinancing of an 86,931-square-foot shopping center in the College Point area of Queens. The grocery-anchored property sits on an eight-acre site. The first building was constructed in 1992 and totals 77,649 square feet. The second building was delivered in 2019-2020 and spans 9,282 square feet. An undisclosed life insurance company provided the loan to a commercial investor that also requested anonymity.

March 23, 2022

Acquisitions Multifamily New Jersey Northeast

Hudson Atlantic Negotiates Sale of Two Multifamily Assets Totaling 60 Units in Northern New Jersey

by Taylor Williams March 23, 2022

OLD BRIDGE, N.J. — Brokerage firm Hudson Atlantic Realty has negotiated the sale of two multifamily assets totaling 60 units in the Northern New Jersey community of Old Bridge. Old Bridge Town Center consists of 27 apartments and 19,000 square feet of commercial space. Geick Park Residency is a 33-unit age-restricted community that features a pool and a fitness center. An entity doing business as 502 Jersey Avenue LLC purchased the assets from an undisclosed seller for a combined price of $24.5 million.

March 23, 2022

Newer Posts

Older Posts