VICTORIA, TEXAS — Marcus & Millichap has brokered the sale of Dollar Tree Plaza, a 30,800-square-foot retail strip center in Victoria, about 85 miles north of Corpus Christi. Built on 3.3 acres in 2013, the two-building center was fully leased at the time of sale to tenants such as Dollar Tree, Anytime Fitness, Domino’s, Metro by T-Mobile and Freeway Insurance. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HOUSTON — Houston Bank & Trust has signed a 19,600-square-foot lease in the city’s Uptown area for its new banking headquarters, trust department and flagship retail banking branch. The space is located within the building at 2603 Augusta Drive, which according to LoopNet Inc. was built in 1984 (renovated in 2011) and totals 244,804 square feet. Collin Grimes of JLL represented the tenant in the lease negotiations. LandPark Advisors owns the building.
JERSEY CITY, N.J. — Affinius Capital has provided a $310 million construction loan for Park Tower, a 1,049-unit multifamily project in Jersey City. New York City-based Namdar Group is developing the project, which will be located in the city’s Journal Square neighborhood and will offer one-, two- and three-bedroom units. Amenities will include a fitness center, yoga studio, bowling alley, arcade, music room, golf simulator, game room and a rooftop lounge. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Edward Leboyer of Walker & Dunlop arranged the loan. A construction timeline was not disclosed.
DOVER, N.H. — JLL has arranged a $20.3 million HUD-insured loan for the refinancing of Spring Village at Dover, a seniors housing facility in southern New Hampshire. Built in 2019, Spring Village at Dover offers memory care services that specifically support residents with Alzheimer’s disease and other forms of dementia. Jay Wagner, Rick Swartz, Aaron Rosenzweig and Sam Dylag of JLL originated the financing through HUD’s 232/223(f) program. The borrower was not disclosed.
NEW YORK CITY — Charlie Health has signed a 28,424-square-foot office lease in Midtown Manhattan. The provider of virtual behavioral healthcare services will occupy the entire 21st floor at 2 Park Avenue, a 1.2 million-square-foot building. Alex Chudnoff and Ian Lipman of JLL represented the tenant in the lease negotiations. Mitch Konsker, Cynthia Wasserberger, Kristen Morgan and Michael Pallas, also with JLL, along with internal agent Franco Rauseo, represented the landlord, an affiliate of fashion company Haddad Brands.
NEW YORK CITY — The Malin, a provider of flexible workspace solutions, will open a 19,400-square-foot coworking space in Manhattan’s NoDo district. The lease term is 15 years, and the space spans the entire fifth floor at 10 Astor Place, a seven-story, 156,000-square-foot building. John Mears of local brokerage firm RUE represented The Malin in the lease negotiations. David Kaye and Neith Stone represented the landlord, GFP Real Estate, on an internal basis. The opening is slated for early 2027.
JACKSONVILLE, FLA. AND SEATTLE — EverBank Financial Corp., the Jacksonville-based parent company of EverBank NA, has entered into a $3.9 billion reverse merger transaction with WaFd Inc. (NASDAQ: WAFD), the Seattle-based parent company of WaFd Bank. Under the terms of the agreement, EverBank Financial will merge into WaFd Inc., the latter of which will continue as the resulting financial holding company. WaFd Inc. will remain publicly traded but will change its name to EverBank Financial Corp. and trade on the Nasdaq Stock Exchange under the ticker symbol “EVBK.” Upon closing of the holding company merger, WaFd Bank, which has more than 200 locations in the Western United States, will merge with and into EverBank NA, which has more than 40 locations in Florida, California and New York. Upon completion of the transaction, which is expected for early 2027, EverBank Financial’s investors, which include funds managed by Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street, Bayview Asset Management and TIAA, will collectively own approximately 59.2 percent of the pro forma combined company, with WaFd Inc. shareholders owning approximately 40.8 percent. EverBank CEO Greg Seibly will continue to serve as CEO of EverBank post-merger, and WaFd CEO Brent Beardall will serve …
COLUMBUS, GA. — Atlantic Capital Partners has brokered the $48.2 million sale of Cross Country Plaza, a 304,735-square-foot shopping center located in Columbus. Anchored by Publix since 2011, the property was 95 percent leased at the time of sale to tenants including T.J. Maxx, Burlington and 2nd & Charles. Fred Victor of Atlantic Capital represented the seller, Richmond-based Hackney Real Estate Partners, in the transaction. The buyer, Brasswater Inc., a real estate investment firm based in Montreal, has retained Kathy Ward and Shelley Jordan Bell of Atlantic Capital to lease Cross Country Plaza, according to a Facebook post made by the company.
RALEIGH, N.C. — Frankie Lemmon School and Foundation has acquired two office buildings located at 4401 and 4501 Atlantic Ave. in Raleigh. The 114,781-square-foot campus will serve as the nonprofit’s future home and will house the Frankie Lemmon School and Lemmon Tree Academy. The campus will include purpose-built classrooms, therapy rooms, sensory spaces, family support areas and community gathering spaces, with the capacity to serve 230 students. The organization plans to begin construction on its new Raleigh home next year and open its preschool and grade school in 2028. Clayton Collins, Chandler Hawkins and Harrison Benson of CBRE represented Frankie Lemmon School and Foundation in the acquisition. Jane Doggett and Patrick Blackley of Foundry Commercial represented the undisclosed seller.
BALTIMORE — Marcus & Millichap has arranged the nearly $10 million sale of a single-tenant manufacturing facility located at 6901 Rolling Mill Road in Baltimore. Dejana Truck & Utility Equipment has occupied the facility for the past 21 years. Built in 1967 near the Port of Baltimore, the 6.4-acre property features a 75,000-square-foot facility with warehouse space, 6,730 square feet of offices and two acres of industrial outdoor storage. The facility features 20-foot clear heights, 110 parking spaces, six drive-in doors and four loading docks. Bryn Merrey and John Faus of Marcus & Millichap represented the seller, a Maryland-based private investment company in the transaction, and procured the buyer, a New York-based, institutionally backed investment fund. Both parties requested anonymity.