HOUSTON — Local brokerage firm Oxford Partners has arranged the sale of a 17,150-square-foot industrial building in northwest Houston. The building at 5250 Brittmoore Road includes office space. Ryan Hartsell and D.J. Hale of Oxford Partners represented the buyer, GYC Uniforms, in the transaction. Nick Peterson and Jordan Fox of NAI Robert Lynn represented the undisclosed seller.
MAUMELLE, ARK. — Cushman & Wakefield Commercial Advisors has negotiated the sale of two industrial warehouses located in the Little Rock suburb of Maumelle. The transaction included a 100,000-square-foot warehouse at 700 Burkhalter Commercial Drive and a 60,000-square-foot building at 400 Sharkey Drive. The two-building portfolio is currently 84 percent leased to tenants including United States Postal Service (USPS), Scholastic, Greentech Renewables and REM Plastic. Amazon was a tenant until its lease expired last month. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the seller, Burkhalter Property Group LLC, in the transaction. Box Acquisitions acquired the warehouses for an undisclosed price.
MIAMI GARDENS, FLA. — United Capital has acquired Ives Plaza, a 56,841-square-foot shopping center located in Miami Gardens, approximately 16 miles north of downtown Miami. An entity doing business as R&E Trust Partnership LLP sold the center for $12 million. David Smith of LG Capital Partners, along with Adam Lipkin of United Capital, served as financial advisors on behalf of United Capital. This transaction marks the first time the property has been sold. Developed in 1955 on nearly 6.5 acres, Ives Plaza was 66 percent leased at the time of sale to 15 tenants including Pizza Hut and Rent-A-Center.
NEW YORK CITY — Local real estate giant SL Green (NYSE: SLG) has sold a 49 percent stake in 100 Park Avenue in Midtown Manhattan to Boston-based real estate private equity firm Rockpoint at a gross asset valuation of $425 million. Major tenants at the 36-story, 905,000-square-foot building include Alphasights (192,630 square feet) and Alvarez & Marsal Holdings (220,221 square feet). The building also features a recently renovated amenity center on the second floor that has a lounge, golf simulator, game room, personal training studio and conference rooms. Adam Spies and Doug Harmon of Newmark advised on the transaction.
SAINT ROSE, LA. — Marcus & Millichap has brokered the sale of the 68-room Comfort Inn New Orleans Airport hotel in Saint Rose. Built in 2010, the three-story property is situated at 10151 W. Airline Highway, roughly five miles from the Armstrong New Orleans International Airport. Amenities include complimentary breakfast, a fitness center, business center, meeting facilities and an airport shuttle. David Altman and Jeff Halavacs of Marcus & Millichap represented the seller, Siddiqui Enterprises LLC, and procured the buyer, NOLA Airport Hospitality LLC, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.
ASHLAND, VA. — Matan Cos. has fully leased the final phase of Northlake II, a four-building, 548,000-square-foot industrial park located along the I-95 corridor in Ashland, a suburb of Richmond. DPR Construction will fully occupy Building D, which totals 203,000 square feet. Completion of Building D is slated for the spring. Gareth Jones, Chris Avellana and Charlie Polk of JLL represented Matan Cos., while Savills and CBRE represented DPR in the lease negotiations. Phase I of Northlake II comprises buildings A, B and C and was delivered and leased in early 2024.
HOBOKEN AND JERSEY CITY, N.J. — Regional brokerage and debt advisory firm BlueGate Partners has arranged a $150 million permanent loan for The Devan, a 336-unit apartment building located along the Hoboken-Jersey City border. Completed in 2024, The Devan offers studio, one-, two- and three-bedroom units and amenities such as a fitness center, library/media room, coworking lounges, courtyard with a pool and a dog run. Mark DeLillo of BlueGate Partners arranged the financing on behalf of the borrower, a partnership between URSA Development Group and Fields Grade. The direct lender was not disclosed.
RIDLEY TOWNSHIP, PA. — Regional owner-operator Greek Real Estate Partners has broken ground on an 81,156-square-foot speculative industrial project in Ridley Township, a southwestern suburb of Philadelphia. Provident Bank provided a $12.3 million construction loan for the project, the site of which spans 12 acres at 130 S. Fairview Road. JLL represented the seller in the land deal and arranged the construction debt on behalf of the developer. Construction is slated for a mid-2026 completion.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has placed a $6.1 million loan for the refinancing of two rent-stabilized apartment buildings totaling 26 units in the Park Slope area of Brooklyn. The buildings include ground-floor retail space. Matthew Dzbanek and Matt Swerdlow of Ariel originated the five-year loan, which carried an interest rate of 5.81 percent, through an undisclosed agency lender. The borrower was also not disclosed.
GLENDALE, ARIZ. — JLL Capital Markets has arranged the sale of Thunderbird Senior Living, a seniors housing community in Glendale. Terms of the transaction were not disclosed. JLL’s Seniors Housing Capital Markets team represented the undisclosed seller and procured the undisclosed buyer in the deal. Most recently renovated in 2018, Thunderbird Senior Living consists of 13 interconnected three-story buildings offering 285 independent living, 40 assisted living and 20 memory care units. All residences include a dedicated kitchen, private bathrooms and bedrooms. Community amenities include an art room, beauty salon/barber shop, bistro, game room, heated outdoor pool, library, living room/lounges, nature trails, sun decks and a theater. Stellar Senior Living will continue to operate the property, which is situated on 7.8 acres at 5401 W. Dailey St.