Friday, April 3, 2026
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Sherwood-Bedding-Dallas
DevelopmentIndustrialTexas

Billingsley to Develop 234,395 Build-to-Suit Warehouse for Mattress Manufacturer in Dallas

by Taylor Williams

DALLAS — Billingsley Co. will develop a 234,395-square-foot, build-to-suit warehouse in North Dallas for Sherwood Bedding, a mattress manufacturer that is owned by Tempur Sealy. The property will be located within the 1,700-acre Austin Ranch master-planned community. Construction of the new building is scheduled to begin in February and to be complete in March 2023. Damian Rivera of ESRP represented Sherwood Bedding in the negotiations for the 10-year lease. George Billingsley represented the developer on an internal basis.

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Chestnut-1
DelawareDevelopmentLife SciencesNortheastTop Stories

MRA Group Acquires Life Sciences Campus in Wilmington, Delaware, Begins $500M Redevelopment

by Katie Sloan

WILMINGTON, DEL. — MRA Group has acquired Chestnut Run Lab Campus, a 163-acre life sciences and manufacturing campus in Wilmington, from industrial engineering firm DuPont for an undisclosed price.  MRA Group is underway on a $500 million redevelopment of the property, which is being rebranded the Chestnut Run Innovation & Science Park (CRISP). Located at 984 Centre Road, the development is currently home to 780,000 square feet of lab, research and advanced manufacturing space.  Redevelopment plans for the campus include the addition of a hotel, fitness center, conference space, an outdoor amphitheater and restaurant space. The first renovated building is set to be delivered in late summer 2022. DuPont will continue to lease 190,000 square feet located across two buildings at the property. “We are excited to be back in Delaware with such an incredible opportunity,” says Lawrence Stuardi, founder and CEO of MRA Group. “Our vision for CRISP will set a new standard for innovative campus redevelopment in the region, as we believe it will become Delaware’s leading biotechnology and science hub.” Delaware has the fourth-highest concentration of science, engineering and health employees with doctor of philosophy (Ph.D.) degrees in the nation, according to MRA. The CRISP campus marks …

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HealthcareLeasing ActivityTexas

UT Physicians Signs 139,243 SF Healthcare Lease in Houston’s Bellaire Submarket

by Taylor Williams

HOUSTON — Locally based provider UT Physicians has signed a 139,243-square-foot healthcare lease at Bellaire Station, a 389,826-square-foot medical office building in Houston’s Bellaire submarket. Lisa Bovermann of Transwestern represented the tenant in the lease negotiations. Justin Brasell, Doug Little and Ashley Cassel, also with Transwestern, represented the landlord, Capital Commercial Investments Inc. The property was recently converted from an office to a medical office use.

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Harrison-Urby-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Urby Begins Leasing 381-Unit Apartment Community in Harrison, New Jersey

by Taylor Williams

HARRISON, N.J. — Urby, a joint venture between Ironstate Development and Brookfield Properties, has begun leasing its namesake multifamily property in the Northern New Jersey community of Harrison. The community consists of 381 units with studio, one-, two- and three-bedroom floor plans. Amenities include a pool, community garden, grilling areas, fitness center with a basketball court, rentable chef’s kitchen, dog run and an onsite café. Dutch architectural firm Concrete designed the community. Rents start at $1,935 per month for a studio apartment.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 236-Unit Easy Self Storage in Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has brokered the sale of Easy Self Storage, a 236-unit facility in Houston. Built In 1984, the property spans 29,716 net rentable square feet across 172 non-climate-controlled units and 64 climate-controlled units. Dave Knobler of Marcus & Millichap represented the seller, a private investor, in the transaction. Knobler also secured the buyer, a limited liability company. Both parties requested anonymity.

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AcquisitionsNew JerseyNortheastRetail

Irgang Group Acquires 393,000 SF Union Lake Crossing Shopping Center in Millville, New Jersey

by Taylor Williams

MILLVILLE, N.J. — New York-based investment and management firm Irgang Group has acquired Union Lake Crossing, a 393,000-square-foot grocery-anchored shopping center in Millville, located in the southern part of the state. Built on 43.3 acres in 2006, the property houses tenants such as Shoprite, Kohl’s, Ross Dress for Less, Staples and PetSmart. Restaurant users include Buffalo Wild Wings, Moe’s Southwest Grill and Sonic. Ben Bruner of Bruner Group represented Irgang Group in the transaction. Chris Munley, James Galbally and Colin Behr of JLL represented the seller, Goodman Properties.

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LoansMultifamilyNortheastPennsylvaniaSeniors Housing

Ziegler Arranges $39.4M Bond Financing for Pennsylvania Seniors Housing Operator

by Taylor Williams

BALA CYNWYD, PA. — Ziegler has arranged $39.4 million in bond financing for Simpson, a nonprofit operator based in Bala Cynwyd, a suburb of Philadelphia. Formerly known as Methodist Episcopal Home for the Aged, the borrower operates three continuing care retirement communities in the region: Simpson House in Philadelphia, Simpson Meadows in Downington and Jenner’s Pond in West Grove. The portfolio totals 482 independent living units, 56 personal care units, 118 assisted living units and 178 skilled nursing units. Proceeds refinance existing bonds from 2015 and fund capital expenditures, among other uses.

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Affordable HousingLoansMassachusettsMultifamilyNortheast

MassHousing Provides $35.3M in Financing for Boston Affordable Housing Properties

by Taylor Williams

BOSTON — MassHousing has provided $16.5 million in tax-exempt construction and permanent financing and $18.8 million in bridge loan financing for Bancroft Dixwell Apartments in Boston. As part of the capital improvement program, the borrower, Urban Edge, will merge the 45-unit Bancroft Apartments in the Roxbury neighborhood with the 33-unit Dixwell Apartments in Jamaica Plain. Of the 78 units, 75 percent are restricted to households earning 60 percent or less of the area median income. The development team includes NEI General Contracting, Davis Square Architects, WinnCos., Construction Services Consultation Co. of New England, Schwarzschild Consulting and Klein Hornig.

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AcquisitionsMassachusettsMultifamilyNortheast

CBRE Negotiates Sale of 111-Unit Multifamily Property in Metro Boston

by Taylor Williams

QUINCY, MASS. — CBRE has negotiated the sale of The Residences at Munroe Place, a 111-unit multifamily property located in the southern Boston suburb of Quincy. The property was built in 2003 and includes 10,100 square feet of retail space that is leased to Starbucks, JPMorgan Chase, T-Mobile and Miam Miam Macaronerie. Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, 1205 Hancock Street LLC, an entity controlled by Structure Tone Equities LLC, in the transaction. The trio also procured the buyer, a joint venture between John M. Corcoran & Co. and an institutional investor.

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Michael Takacs Mall Redevelopment
BohlerContent PartnerFeaturesMidwestNortheastRetailSoutheastTexas

Outside the [Big] Box Tips for Filling Empty Retail Space

by Sarah Daniels

Mall and shopping center owners nationwide are faced with the vacancy of major big box anchors that have closed their doors due to the continued uptick in online retail and changing shopping habits and desires of today’s consumers. Often massive, these two-story, or even three-story spaces seem impossible to fill with the decline of most brick and mortar retail stores. Developers are being challenged to think outside the [big] box to find new tenants and creative uses for the space. Malls were originally thought of as community centers for neighborhoods during the mall boom. That attitude fell by the wayside as malls removed their socially engaging aspects and lost their sense of place  — instead of being a place for the community to gather, the mall became simply a place to shop. Now, largely expedited by the pandemic, there have been seismic shifts in retail and shopper habits/what the consumer wants out of their shopping experience. The key word here is experience. Malls have had to readapt to fill in vacant spaces from large department stores that consumers no longer favor. This has opened up a lot of atypical uses, from distribution centers to residential to entertainment components to medical facilities. …

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