LEWISVILLE, TEXAS — Bright Realty has added 11 new retail and restaurant users at The Realm at Castle Hills, the locally based developer’s 324-acre mixed-use destination in the northern Dallas suburb of Lewisville. Food and beverage concepts include Saray Mediterranean Fusion Grill & Bar, Salubrious Juice & More, donut eatery Mochinut, smoothie bar Bahama Bucks, breakfast concept Food Morning and Japanese restaurant Luster Grill. The roster now also features three salons — Cool Heads, Salon Bellus and Cachet Salons & Spa — as well as fitness concept Hotworx and Castle Hills Animal Hospital.
COLLEGE STATION, TEXAS — Cell and gene therapy firm Matica Biotechnology has opened a 45,000-square-foot life sciences facility at Providence Park, a 52-acre research and development campus in College Station. Providence Park houses the former 180,000-square-foot facility of Pittsburgh-based manufacturer Westinghouse. Oldham Goodwin manages the property.
FLOWER MOUND, TEXAS — Renaissance Network Reinvent, which provides engineering-centric repairs and supply chain management solutions, has signed a 42,596-square-foot industrial lease renewal at 1200 Lakeside Parkway in Flower Mound, located north of Fort Worth. According to LoopNet Inc., the property was built on 26.6 acres in 2007. Evan Hammer, Ben Crancer, Lauren Pesqueda and Brendan Zrowka of Whitebox Real Estate represented the tenant in the lease negotiations. Whitney Williamson represented the landlord, Prologis, on an internal basis.
EAST CAMBRIDGE, MASS. — A joint venture between LCOR, a development firm with three offices in the mid-Atlantic region, and San Francisco-based DivcoWest has begun leasing Park 151, a 468-unit apartment community located across the Charles River from Boston in East Cambridge. The 20-story building houses studio, one-, two- and three-bedroom units, 392 of which are market-rate apartments, 54 of which are affordable and 22 of which are penthouses. In addition, Park 151 features 19,000 square feet of ground-floor retail space. Amenities include a pool and lounge area, outdoor grilling stations, a fitness center, indoor and outdoor yoga spaces, a terrace and coworking and micro-office spaces. Rents start at roughly $2,900 per month for a studio apartment.
COLUMBUS, OHIO — Walker & Dunlop Inc. has arranged $59.8 million in debt and equity financing for the construction of Green|House, an apartment project in the Short North Arts District of Columbus. The seven-story development will feature 158 units and 3,700 square feet of retail space. Amenities will include a fitness center, outdoor pool, spa, sauna and community room. The project is the adaptive reuse of an existing building. Kaufman Development is the developer. Jeff Morris, Chad Kiner and A.J. Mangan of Walker & Dunlop arranged the debt through a regional bank and secured a national insurance company as the equity partner. The loan features a fixed interest rate and a three-year term.
OMAHA, NEB. — Ford Storage and Moving Co., a Nebraska-based warehouse company, has signed a 150,280-square-foot industrial lease at R&R Commerce Park in Omaha. R&R Commerce Park is a four-building industrial park spanning 1.1 million square feet. The development features a clear height of 32 feet and convenient access to I-80. Sam Andres and David Maenner of CBRE represented the tenant in the lease negotiations. R&R Realty Group owns R&R Commerce Park.
CROWN POINT, IND. — Ready Capital has closed a $44 million loan for the acquisition, renovation and stabilization of a 432-unit apartment complex in Crown Point, a city in Northwest Indiana. The undisclosed borrower plans to implement a capital improvement plan to renovate unit interiors and address deferred maintenance. The nonrecourse loan features interest-only payments, a floating rate and a two-year term.
ROSEMOUNT, MINN. — Stonebrooke Equipment Inc. has leased 99,683 square feet of industrial space at 15100 Business Parkway in Rosemount, a southern suburb of the Twin Cities. Stonebrooke specializes in partnering with fleet managers and business owners to provide custom-built fleet solutions to improve productivity, efficiency, safety and profits. Doug Fulton, Rob Youngquist and Andi Simon of Avison Young represented the tenant in the lease. Avison Young’s project management team is working with a design and construction team to manage tenant improvements before Stonebrooke takes occupancy in August. Cushman & Wakefield represented the landlord, Business Parkway Building.
OAK CREEK, WIS. — Stan Johnson Co. has brokered the sale of The Shoppes at Drexel in Oak Creek near Milwaukee for $5.9 million. The retail center spans 10,351 square feet and is fully leased to five tenants. Built in 2017, the property serves as an outparcel to Drexel Town Square, an 85-acre mixed-use development. Tenants include Mod Pizza, Men’s Hair House, Five Guys, Crumbl Cookies and Potbelly Sandwich Shop. Ronnie Givargis of Stan Johnson represented the seller, a New York-based individual investor. A Cedar Rapids, Iowa-based investor group was the buyer. Each party executed the transaction as part of a 1031 exchange. The sales price represents a cap rate of 5.9 percent.
SOMERVILLE, MASS. — A development team of DLJ Real Estate Capital Partners and Leggat McCall Properties has completed 101 South Street, a 289,000-square-foot life sciences project in Somerville, located on the northern outskirts of Boston. The building is the first of four master-planned life sciences facilities within the 1.8 million-square-foot Boynton Yards development. Architecture firms Spagnolo Gisness & Associates and Hashim Sarkis Studios designed the project, and Shawmut Design & Construction served as the general contractor. Flagship Pioneering and its affiliates lease 280,000 square feet of the nine-story building.