Property Type

Marcus & Millichap Brokers $2.4M Sale of Shopping Center in Talladega, Alabama

by John Nelson August 19, 2025

TALLADEGA, ALA. — Marcus & Millichap has brokered the $2.4 million sale of Talladega Shopping Center, a 47,437-square-foot shopping center located at 803 Battle St. E in Talladega, an eastern suburb of Birmingham. Citi Trends and Standard Furniture, both of which have occupied the site for more than a decade, are the property’s anchor tenants. Additional tenants include Regional Finance and AT&T, which occupies a newly developed outparcel. The center was originally built in 1981 on 3.6 acres and was 88 percent leased at the time of sale. Eric Abbott and Zachary Taylor of Marcus & Millichap represented the seller in the transaction. Eddie Greenhalgh serves as Marcus & Millichap’s broker of record in Alabama.

August 19, 2025

Development Office Texas

Stream Realty Partners Breaks Ground on 35,000 SF Office Project in San Antonio

by Taylor Williams August 19, 2025

SAN ANTONIO — Stream Realty Partners has broken ground on 211 Crossing, a 35,000-square-foot office project that will be located in the Far West submarket of San Antonio. The development will feature six buildings with an average size of about 5,750 square feet, as well as three pad sites that will be available for purchase or build-to-suit opportunities. Completion is slated for next spring. Stream will also lease the development.

August 19, 2025

Acquisitions Industrial Texas

Partners Brokers Sale of 26,436 SF Industrial Outdoor Storage Facility in San Antonio

by Taylor Williams August 19, 2025

SAN ANTONIO — Partners Real Estate has brokered the sale of a 26,436-square-foot industrial outdoor storage facility (IOS) in San Antonio. The single-tenant site is located at 8034 NE Loop 410 and is leased to Mears Installation, a provider of energy infrastructure solutions. Stan Nowak and Andrew Alizzi of Partners represented the seller, Harbor Capital, in the transaction. The buyer was Base Industrial.

August 19, 2025

Life Sciences Loans Massachusetts Northeast

JLL Arranges $119.2M Refinancing of Life Sciences Property in Watertown, Massachusetts

by Taylor Williams August 19, 2025

WATERTOWN, MASS. — JLL has arranged the $119.2 million refinancing of 500 Forge, a 158,683-square-foot life sciences property in Watertown, located just west of Boston. The financing consists of a $94 million senior loan from Landesbank Baden-Württemberg and a $25.2 million mezzanine loan from Tishman Speyer. The property, which is located within the Arsenal Yards mixed-use development, was fully redeveloped in 2023 to feature 60 percent lab/research-and-development space and 40 percent office space. The property was fully leased at the time of the loan closings to three tenants: Mariana Oncology, Orna Therapeutics and AvenCell Therapeutics. Brett Paulsrud, Henry Schaffer and Geoff Goldstein of JLL arranged the financing on behalf of the borrower, a partnership between Boylston Properties and institutional investors advised by J.P. Morgan Asset Management.

August 19, 2025

Loans Multifamily New York Northeast

Altmark Group Receives $96M Loan for Refinancing of Bronx Apartment Building

by Taylor Williams August 19, 2025

NEW YORK CITY — Locally based owner-operator The Altmark Group has received a $96 million loan for the refinancing of The Motto, a 24-story apartment building located in the Mott Haven area of The Bronx. Designed by Woods Bagot, The Motto offers 264 units, 80 of which are reserved as affordable housing, in studio, one- and two-bedroom floor plans. Amenities include coworking lounges, a resident sky lounge, rooftop terrace with barbecue grills and fire pits and a fitness center. Brad Domenico, Gideon Gil, Jack Subers and Frank Stanislaski of Cushman & Wakefield arranged the five-year, fixed-rate loan through Morgan Stanley on behalf of The Altmark Group.

August 19, 2025

Loans Multifamily New York Northeast

PCCP Provides $65M Loan for Refinancing of Queens Apartment Building

by Taylor Williams August 19, 2025

NEW YORK CITY — PCCP LLC has provided a $65 million loan for the refinancing of Pearson Court Square, a 197-unit apartment complex in the Long Island City area of Queens. Built in 2014, the transit-served property offers studio, one- and two-bedroom units and amenities such as a resident lounge, coworking space, rooftop sky deck and an outdoor basketball court. The borrower was an affiliate of L+M Development Partners. Pearson Court Square was roughly 98 percent occupied at the time of the loan closing.

August 19, 2025

Acquisitions New York Northeast Retail

Namdar, Klosed Acquire Brooklyn Retail, Parking Condo for $54M

by Taylor Williams August 19, 2025

NEW YORK CITY — A joint venture between Namdar Realty and Klosed Properties has acquired a retail and parking condo located at 85 Jay St. in the Dumbo area of Brooklyn for $54 million. The retail component totals 128,410 square feet, and the space is located beneath Front & York, a 21-story, 727-unit residential building. The retail space was 84 percent leased at the time of sale to tenants such as CVS, Devoción, Petit Poussins and Lazy Sundaes. Daniel O’Brien of Newmark brokered the deal. The seller was CIM Group. Max Ralby and Jordan Roeschlaub, also with Newmark, arranged $41.3 million in acquisition financing for the deal through Blue Owl Capital.

August 19, 2025

Delaware Leasing Activity Northeast Office

WSFS Bank Renews 74,000 SF Office Lease in Wilmington, Delaware

by Taylor Williams August 19, 2025

WILMINGTON, DEL. — WSFS Bank has renewed its 74,000-square-foot office lease in Wilmington, Del. The subsidiary of WSFS Financial Corp (NASDAQ: WSFS) has been the namesake tenant at the building at 500 Delaware Ave., which is known locally as WSFS Bank Center, since 2006, accounting for about 92 percent of the leased space. Jeff Gannett of Virtus Realty Advisors represented the landlord, Buccini Pollin Group, in the lease negotiations. Ryan Connor of Tactix Real Estate Advisors represented WSFS Bank.

August 19, 2025

California Development Loans Multifamily Western

JLL Arranges $28.5M Construction Financing for 104-Unit Multifamily Project in Santa Maria, California

by Amy Works August 19, 2025

SANTA MARIA, CALIF. — JLL Capital Markets, on behalf of Santa Barbara, Calif.-based Vernon Group, has secured a $28.5 million construction financing for The Lofts, a Class A multifamily property in downtown Santa Maria. The project is a component of Phase I in the Santa Maria Town Center redevelopment, a master-planned expansion initiated by the City of Santa Monica to revitalize the downtown core. The Lofts will feature 104 loft-style apartments ranging from 600 square feet to 1,200 square feet. Located at 201 Town Center East, the existing building will be converted to a courtyard format with double-loaded corridors for apartments. Constructed is slated for completion in June 2027. Matt Stewart, Alex Olson, Ace Sudah, Kyle White and Jacob Michael of JLL represented the borrower in the financing.

August 19, 2025

Acquisitions California Multifamily Seniors Housing Western

Steadfast Senior Living Sells 67-Unit Community in Morgan Hill, California

by Amy Works August 19, 2025

MORGAN HILL, CALIF. — Steadfast Senior Living has sold Loma Clara, a 67-unit seniors housing community located in Morgan Hill, for an undisclosed price. LTC REIT was the buyer. Completed in 2018, Loma Clara features 42 assisted living units and 25 memory care units. The property was roughly 92 percent occupied at the time of sale. Units total 529 square feet on average. Amenities at the community include a theater, fitness center, activity and game rooms, a library, outdoor courtyard, physical therapy space and bistro. Discovery Management will continue to operate the property. Aaron Rosenzweig and Dan Baker of JLL arranged the sale on behalf of the seller.

August 19, 2025

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