Property Type

Clarion Partners Acquires 354-Unit Modera Domain Apartments in North Austin

by Taylor Williams May 18, 2022

AUSTIN, TEXAS — New York-based investment firm Clarion Partners has acquired a 354-unit apartment community located at the entrance to The Domain in North Austin. Completed earlier this year, Modera Domain offers studio, one- and two-bedroom units with an average size of 846 square feet. Amenities include a pool, fitness center, outdoor grilling and dining areas, dog park and a resident lounge, as well as coworking and private workspaces. Patton Jones and Andrew Dickson of Newmark represented the seller, a joint venture between Mill Creek Residential and PGIM, in the transaction.

May 18, 2022

Industrial Leasing Activity Texas

Westin Automotive Signs 128,400 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams May 18, 2022

FORT WORTH, TEXAS — Car parts manufacturer Westin Automotive Products has signed 128,400-square-foot industrial lease renewal at Railhead Industrial Park, a 633-acre development in Fort Worth. The rail-served park is located on the city’s north side. Reid Bassinger of Lee & Associates represented the tenant in the lease negotiations. Matt Carthey and George Jennings of Holt Lunsford Commercial represented the landlord, James Campbell Co.

May 18, 2022

Acquisitions Retail Texas

SHOP Cos. Negotiates Sale of 36,864 SF Retail Center in Woodway, Texas

by Taylor Williams May 18, 2022

WOODWAY, TEXAS — Dallas-based brokerage firm SHOP Cos. has negotiated the sale of Crossroads West Shopping Center, a 36,864-square-foot retail center in Woodway, a suburb of Waco. The property is situated adjacent to an H-E-B grocery store and was approximately 97 percent leased at the time of sale. Tim Axilrod of SHOP Cos. represented the seller, a Texas-based limited liability company, in the transaction. The buyer and sales price were not disclosed.

May 18, 2022

Acquisitions Industrial Texas

NAI Partners Brokers Sale of 26,125 SF Warehouse in Northwest Houston

by Taylor Williams May 18, 2022

HOUSTON — NAI Partners has brokered the sale of a 26,125-square-foot warehouse located at 6927 Brittmoore Road in northwest Houston. According to LoopNet Inc., the single-tenant property was built in 2006, renovated in 2015 and features 30-foot clear heights. Zane Carman and Clay Pritchett of NAI Partners represented the seller, an entity doing business as Brittmoore Properties LLC, in the transaction. Jack Gaffney of Finial Group represented the undisclosed buyer.

May 18, 2022

The-Shops-at-Valley-Square-Warrington-Pennsylvania

Acquisitions Northeast Pennsylvania Retail

IPA Negotiates Sale of 293,000 SF Shops at Valley Square in Warrington, Pennsylvania

by Taylor Williams May 18, 2022

WARRINGTON, PA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Shops at Valley Square, an approximately 293,000-square-foot shopping center in Warrington, a northern suburb of Philadelphia. Built in 2007, the center consists of 89,447 square feet of office space and 203,701 square feet of retail space that houses tenants such as Ulta Beauty, Designer Shoe Warehouse, Bath & Body Works, Sleep Number and Eastern Mountain Sports. Food and beverage users include P.F. Chang’s, Panera Bread and Gran Rodeo Mexican Grill. Brad Nathanson of IPA represented the undisclosed seller and procured the buyer, Lamar Cos., in the transaction. The Shops at Valley Square was 70 percent leased at the time of sale.

May 18, 2022

Development Multifamily New Jersey Northeast

Partnership Completes 116-Unit Multifamily Project in Secaucus, New Jersey

by Taylor Williams May 18, 2022

SECAUCUS, N.J. — A partnership between New Jersey-based Woodmont Properties, Canoe Book Development and affordable/workforce housing owner-operator PIRHL has completed The Waterton, a multifamily project in the Northern New Jersey community of Secaucus. Of the property’s 116 units, 23 are reserved for households earning between 20 and 60 percent of the area median income. Residences are available in studio, one-, and two-bedroom floor plans. Amenities include a fitness center, entertainment lounge, children’s playroom, coffee bar and outdoor grilling and dining areas. Rents start at $2,600 per month for a studio apartment.

May 18, 2022

Loans Multifamily New Jersey Northeast Northmarq

Northmarq Provides $16M Agency Permanent Loan for Northern New Jersey Apartment Complex

by Taylor Williams May 18, 2022

EAST ORANGE, N.J. — Northmarq has provided a $16 million Fannie Mae permanent loan for The Harrison, a 103-unit apartment complex located in the Northern New Jersey community of East Orange. The newly built property offers studio, one- and two-bedroom units with private balconies, stainless steel appliances and walk-in closets. Robert Ranieri of Northmarq originated the loan on behalf of the undisclosed borrower.

May 18, 2022

Loans Multifamily New York Northeast

Urban Standard Capital Funds $6.2M Construction Loan for Brooklyn Multifamily Project

by Taylor Williams May 18, 2022

NEW YORK CITY — Locally based private equity firm Urban Standard Capital has funded a $6.2 million construction loan for a multifamily project in Brooklyn’s Crown Heights neighborhood that will comprise 10 residential units and one commercial space. The six-story building’s residential units will have an average size of 970 square feet, and the commercial component will span 1,300 square feet. Isaac & Stern is the project architect. The borrower is Avdoo & Partners Development.

May 18, 2022

Leasing Activity New York Northeast Office

SVB Securities Signs 68,183 SF Office Lease Expansion at 1301 Avenue of the Americas in Manhattan

by Taylor Williams May 18, 2022

NEW YORK CITY — SVB Securities, an investment bank specializing in the healthcare and technology sectors, has signed a 68,183-square-foot office lease expansion at 1301 Avenue of the Americas in Midtown Manhattan. The tenant now occupies 139,176 square feet at the 1.7 million-square-foot building, which is owned by locally based investment firm Paramount Group Inc. (NYSE: PGRE).

May 18, 2022

Development Midwest Minnesota Multifamily

Ryan Cos., Weidner Underway on Construction of 25-Story Apartment Building in Minneapolis

by Kristin Harlow May 18, 2022

MINNEAPOLIS — Ryan Cos. US Inc. and Weidner Apartment Homes are underway on the construction of Fourth & Park, a 25-story apartment building located at the intersection of South 4th Street and Park Avenue in downtown Minneapolis. Completion is slated for the first quarter of 2024. Plans call for 350 apartment units, 100 parking stalls, a sixth-floor green roof, pool deck and community room. Ryan is the developer and builder, and Ryan A+E Inc. is the architect of record. The building, situated one block west of US Bank Stadium, marks the last phase of Downtown East, a five-block redevelopment project that began in 2014. Ryan partnered with the City of Minneapolis, Minnesota Sports Facilities Authority, the Star Tribune and Wells Fargo to redevelop the neighborhood. The $588 million project includes 1.2 million square feet of office space spread across two 17-story Wells Fargo towers, a 200-unit apartment complex, a multi-tenant office building, four-acre public greenspace, hotel and parking ramp.

May 18, 2022

Newer Posts

Older Posts