Property Type

10-Liberty -Square-12-Post-Office-Square

Edge Property Buys 49,275 SF Office Complex in Downtown Boston

by Taylor Williams January 17, 2025

BOSTON — Edge Property has purchased a 49,275-square-foot office complex in downtown Boston. Known as 10 Liberty Square and 12 Post Office Square, the property was 53 percent leased to 10 office and retail tenants at the time of sale. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the undisclosed seller in the transaction. The quintet also collaborated with Newmark’s Michael Byrne, Thomas Greeley, Devlin Man, Casey Griffin, Joseph Alvarado and Casey Valente to procure the buyer.

January 17, 2025

Acquisitions Industrial Washington Western

BKM Capital Acquires SeaTac Industrial Park Near Seattle for $29M

by Amy Works January 17, 2025

SEATAC, WASH. — BKM Capital Partners has purchased SeaTac Industrial Park, an industrial property located in SeaTac, approximately 15 miles south of Seattle, for $29 million in an off-market transaction. Totaling 129,677 square feet, SeaTac Industrial Park comprises three concrete tilt-up buildings with 18 units ranging from 1,929 square feet to 32,512 square feet in size, with office spaces comprising 16 percent of the total footprint. Located at 18802-19024 13th Place S, the property features 14- to 16-foot clear heights, 45 dock-high doors and 34 grade-level doors. At the time of sale, the asset was 92 percent leased. BKM Capital plans to invest nearly $2 million in capital improvements to elevate the property’s appeal and address deferred maintenance. Upgrades will include roofing, landscaping, HVAC systems, parking lot repairs and updated signage. A key component of the renovation includes converting the park’s largest unit from 32,512 square feet into four smaller units between 6,000 square feet and 16,000 square feet.

January 17, 2025

Leasing Activity New York Northeast Office

Impact.com Signs 18,364 SF Office Lease Renewal in Midtown Manhattan

by Taylor Williams January 17, 2025

NEW YORK CITY — Impact.com has signed an 18,364-square-foot office lease renewal in Midtown Manhattan. The digital marketing firm will continue to occupy the entire 10th floor at the 300,000-square-foot building at 136 Madison Ave. Alex Leopold of CBRE represented the tenant in the lease negotiations. Mac Roos of Colliers, along with internal agents Andrew Roos, Michael Cohen and Jessica Verdi, represented the landlord, Williams Equities.

January 17, 2025

Acquisitions Development Industrial Nevada Western

Visionary III, Matterhorn Venture Partners Buy Land for Spec Industrial Development in Las Vegas

by Amy Works January 17, 2025

LAS VEGAS — Visionary III and Matterhorn Venture Partners have acquired a 6.5-acre development site in the North Las Vegas Valley industrial submarket for the development of North & North Business Park, a speculative industrial project in Las Vegas. Located at the southwest corner of North Nellis and North Las Vegas boulevards, North & North Business Park will offer three industrial buildings for lease for sale to individual users. Construction is slated to begin this summer.

January 17, 2025

Affordable Housing Colorado Loans Multifamily Western

Cloudland Capital, Blue Hour Housing Receive $5M Loan for Workforce Housing Community in Leadville, Colorado

by Amy Works January 17, 2025

LEADVILLE, COLO. — Cloudland Capital and Blue Hour Housing have received $5 million in financing for Silver King Leadville, a workforce housing community in Leadville. William Haass of JLL Capital Market’s Debt Advisory team secured the five-year, fixed-rate loan through a Colorado-based credit union. Located at 2020 N. Poplar St., Silver King offers 56 apartments. Formerly a 66-key hotel, the property was acquired in June 2024 and underwent a comprehensive renovation to convert the asset into a modern workforce housing community. The renovated property now features 47 studios, eight one-bedroom units and one two-bedroom unit, with an average size of 375 square feet. The renovation included adding kitchenettes to all units, installation and improvement of fire and life safety systems, upgrading common areas, building out communal laundry and gym facilities, adding storage lockers and enhancing outdoor spaces. Silver King is master-leased to Climax Molybdenum Co., a subsidiary of Freeport-McMoRan, providing housing for Climax employees and residents of Colorado’s high-country. Six units have been reserved to Lake County, Colo., to allow employees of Lake County access to this workforce housing community.

January 17, 2025

Acquisitions Arizona Industrial Western

Captiva Partners Acquires 40,075 SF Industrial Property in Tempe

by Amy Works January 17, 2025

TEMPE, ARIZ. — Captiva Partners has purchased a multi-tenant, small-bay industrial property located at 2209-2211 W. 1st St. in Tempe in an off-market transaction for an undisclosed price. Captiva plans to rebrand the 40,075-square-foot property as First Street Commerce Center and implement a comprehensive value-add business plan to elevate its appeal and functionality. Planned renovations include new signage, refreshed landscaping, exterior painting and upgraded interiors. Cory Breinholt of Commercial Properties represented the buyer and seller in the deal.

January 17, 2025

Acquisitions Loans Midwest Multifamily Ohio

Berkadia Arranges $49.1M Acquisition Loan for Multifamily Property in Strongsville, Ohio

by Kristin Harlow January 17, 2025

STRONGSVILLE, OHIO — Berkadia has arranged a $49.1 million acquisition loan for Chestnut Lake in Strongsville, a southern suburb of Cleveland. The 788-unit multifamily property is located at 17721 Whitney Road and offers amenities such as an outdoor pool, playground, fitness center, hair salon and grilling and picnic areas. Robert Lipson of Berkadia arranged the Fannie Mae loan on behalf of the buyer, New Jersey-based Brookhaven Property Group. The 10-year loan featured a 5.71 percent interest rate and a 30-year amortization schedule.

January 17, 2025

Development Industrial Midwest Minnesota

Opus Completes 90,000 SF Recycling Facility Expansion for Spectro Alloys Near St. Paul

by Kristin Harlow January 17, 2025

ROSEMOUNT, MINN. — Opus has completed a 90,000-square-foot recycling facility expansion for Spectro Alloys in Rosemount, a southern suburb of St. Paul. Spectro Alloys is a secondary foundry alloy producer in the Midwest. The addition enables the company to expand its product offering into billet from post-consumer scrap aluminum. Equipment will be assembled and calibrated in the facility over the next several months. With first production expected during the second half of 2025, the new facility creates an estimated 50 new jobs and adds nearly 120 million pounds per year of additional recycling capacity. Full production ramp-up is expected in the first quarter of 2026. Opus was the design-builder and architect.

January 17, 2025

Acquisitions Illinois Midwest Office

Greenstone Partners Negotiates $5.3M Sale of Creative Loft Office Building in Chicago

by Kristin Harlow January 17, 2025

CHICAGO — Greenstone Partners has negotiated the $5.3 million sale of a creative loft office building located at 405 W. Superior St. in Chicago’s River North neighborhood. The value-add property features a diverse tenant mix, including one retail tenant as well as full-floor occupants spanning a variety of technology, energy and marketing companies. There are also more than two dozen tenants operating under short-term coworking agreements with the Expansive shared office brand. The floor plates are 7,200 square feet. Jason St. John and Danny Spitz of Greenstone represented the seller, Expansive. Mitchell Loveman and Jimena Sayavedra of Newmark represented the buyer, Self-Help Ventures Fund.

January 17, 2025

Leasing Activity Midwest Missouri Retail

Tierra Encantada Signs 14,440 SF Retail Lease in Kansas City

by Kristin Harlow January 17, 2025

KANSAS CITY, MO. — Tierra Encantada, a Spanish immersion early education company, has signed a 14,440-square-foot retail lease at 114 W. Gregory Blvd. in Kansas City. The former home of Reece Nichols, the Brookside location offers a newly remodeled roof, mechanical equipment and interior. Tierra Encantada currently has 17 locations in the U.S., and the new lease marks its second in the greater Kansas City area. Marshal Blount of Block & Co. Inc. Realtors represented the undisclosed landlord, while CBRE represented the tenant.

January 17, 2025

Newer Posts

Older Posts