Property Type

Martin City Pizza to Open in Lenexa City Center

by Kristin Harlow March 4, 2022

LENEXA, KAN. — Martin City Pizza and Taproom will open at the Hampton Building within Lenexa City Center in Kansas. The brewery and restaurant, which is slated to open in late spring or early summer, will span more than 6,000 square feet and feature an outdoor patio. Martin City has three other locations in Martin City, Lee’s Summit and Mission Farms. Copaken Brooks owns Lenexa City Center, which will consist of office, retail and residential space upon full buildout. Erin Johnston of Copaken Brooks represented ownership on an internal basis.

March 4, 2022

Development Industrial Texas

McCormack Commercial Breaks Ground on 1.3 MSF Industrial Project in Fort Worth

by Taylor Williams March 4, 2022

FORT WORTH, TEXAS — Houston-based developer McCormack Commercial has broken ground on Meacham Commerce Center, a 1.3 million-square-foot industrial project in Fort Worth. Meacham Commerce Center will consist of four buildings with cross-dock and rear-load configurations that will be situated on an 80-acre site on the city’s north side. The first building will span 334,750 square feet and will feature 36-foot clear heights and parking for 240 cars and 103 trailers. Completion of that building is slated for the third quarter. Holt Lunsford has been tapped as the leasing agent.

March 4, 2022

Acquisitions Industrial Texas

ML Realty Partners Acquires 153,150 SF Industrial Building in Denton, Texas

by Taylor Williams March 4, 2022

DENTON, TEXAS — Illinois-based investment firm ML Realty Partners has acquired a 153,150-square-foot industrial building located at 2340 I-35 W. Service Road in the North Texas city of Denton. According to commercialcafé.com, the freestanding property was built on a 36.3-acre site in 2006. The seller and sales price were not disclosed. ML Realty Partners has tapped CBRE to lease the building.

March 4, 2022

Industrial Leasing Activity Texas

Genera Signs 260,819 SF Industrial Lease Renewal, Expansion in Coppell, Texas

by Taylor Williams March 4, 2022

COPPELL, TEXAS — Biotechnology firm Genera has signed a 260,819-square-foot industrial lease renewal and expansion at 600 Freeport Parkway in Coppell, located near Dallas-Fort Worth International Airport. Matt Hyman and Bryan Parker represented the landlord, Indianapolis-based Duke Realty, in the lease negotiations on an internal basis.

March 4, 2022

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of 134-Room Hotel in North Houston

by Taylor Williams March 4, 2022

HOUSTON — Marcus & Millichap has brokered the sale of Studio 6 Houston, a 134-room hotel that is located on a three-acre site at 220 Bammel Westfield Road in North Houston. Gordon Allred and Tulsee Nathu of Marcus & Millichap represented the seller, Dallas-based Prosper Hospitality, in the transaction. The buyer, Salt Lake City-based investment firm MCRE, plans to convert the property into a residential community.

March 4, 2022

Loans Multifamily Texas

Ready Capital Closes $20.2M Acquisition Loan for San Antonio Apartments

by Taylor Williams March 4, 2022

SAN ANTONIO — New York City-based Ready Capital has closed a $20.2 million loan for the acquisition, renovation and stabilization of an unnamed, 208-unit apartment complex in the Far West submarket of San Antonio. The nonrecourse, interest-only loan features a 36-month term, floating interest rate, two extension options and a facility to fund future capital improvements. The sponsor was not disclosed.

March 4, 2022

Development Industrial New Jersey Northeast

Lincoln Equities to Develop 332,640 SF Spec Industrial Project in Bayonne, New Jersey

by Taylor Williams March 4, 2022

BAYONNE, N.J. — Locally based developer Lincoln Equities Group will soon break ground on Lincoln Logistics Bayonne, a 332,640-square-foot speculative industrial project in Northern New Jersey. The facility will be situated on a 24-acre tract within a 153-acre waterfront site at which an 886,256-square-foot UPS shipping hub is currently under construction. Lincoln Logistics Bayonne will feature five acres of parking space that can support 195 trailers and 225 cars, or 45 trailers and 800 cars. Cushman & Wakefield is marketing the project for lease. Construction is expected to be complete by the end of the year.

March 4, 2022

Acquisitions Connecticut Multifamily Northeast

CBRE Arranges $89M Acquisition Loan for Multifamily Property in Stamford, Connecticut

by Taylor Williams March 4, 2022

STAMFORD, CONN. — CBRE has arranged an $89 million acquisition loan for a 344-unit multifamily property located at 75 Tresser Blvd. in Stamford. The property was built in 2014 and features studio, one-, two- and three-bedroom units with stone countertops and individual washers and dryers, as well as private patios and balconies in select residences. Amenities include a pool, outdoor grilling areas, a media center, conference room, lounge, fitness center and a demonstration kitchen. Jason Gaccione, Shawn Rosenthal, Jake Salkovitz and Lauren Weinstein of CBRE arranged the loan through Apollo Global Management on behalf of the borrower, a partnership between Monday Properties and Washington Capital.

March 4, 2022

Acquisitions Connecticut Northeast Office

BDP Holdings Acquires 310,000 SF Office Building in Stamford, Connecticut

by Taylor Williams March 4, 2022

STAMFORD, CONN. — New Jersey-based investment firm BDP Holdings has acquired a 310,000-square-foot office building in Stamford, located in the southern coastal part of the state. The property was built on 22.7 acres in 1995 and was fully leased to Pitney Bowes Inc., a provider of shipping and mailing supplies and services for e-commerce firms, at the time of sale. Amenities include a cafeteria, fitness center and outdoor gathering areas. The seller and sales price were not disclosed.

March 4, 2022

Acquisitions Industrial New Jersey Northeast

Oxford Properties, EverWest Buy 78,000 SF Warehouse in East Brunswick, New Jersey

by Taylor Williams March 4, 2022

EAST BRUNSWICK, N.J. — A joint venture between global asset manager Oxford Properties Group and Denver-based EverWest Real Estate Investors has purchased a 78,000-square-foot warehouse in East Brunswick, about 40 miles south of Manhattan. The sales price was $18 million. The property was vacant at the time of sale, and the new ownership plans to redevelop the eight-acre site to house a modern logistics facility. The seller was not disclosed.

March 4, 2022

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