HOUSTON — Stream Realty Partners has negotiated a 19,906-square-foot office lease expansion and renewal at Kirkwood Tower in West Houston. The 15-story, 286,000-square-foot building is located in the Energy Corridor and was recently purchased by affiliates of Apollo Global Management. Adam Ross and Danielle Rothchild of Stream represented the landlord in the lease negotiations. Campbell Puckett and Cooper Bagheri of Cushman & Wakefield represented the tenant, engineering firm Saulsbury Industries.
STAFFORD, TEXAS — EDGE Capital Markets has brokered the sale of Shops at The Grid, a 12,500-square-foot retail strip center in Stafford, a southwestern suburb of Houston. The newly constructed center, which was fully leased at the time of sale, lies at the entrance of The Grid, a 192-acre master-planned development anchored by Costco Business Center and Target. Chace Henke and Micha van Marcke of EDGE represented the undisclosed seller in the transaction.
NEW YORK CITY — A partnership between The Domain Cos., LMXD, which is an affiliate of L&M Cos., and Park Tower Group will develop three apartment buildings totaling roughly 1,000 units in the Greenpoint area of Brooklyn. The project, which will include 300 affordable housing units and 20,000 square feet of retail space, will be part of Greenpoint Landing, a 22-acre waterfront development that will ultimately have 5,500 residential units. Handel Architects is designing the project, and Field Operations is handling landscape design. Bank OZK provided the partnership an $81 million senior loan for the acquisition of the land, and InterVest Capital Partners provided $33 million in mezzanine financing, as well as a structured equity solution for acquisition and pre-development costs. Christopher Peck, Nicco Lupo, Rob Hinckley, Scott Aiese and Jonathan Faxon of JLL arranged the financing. Vertical construction is expected to begin next summer.
MIAMI GARDENS, FLA. — Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. Core originally acquired Palmetto Plaza in 2021 for $33 million.Aldi and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale. Other tenants include The UPS Store, Regions Bank, Dunkin’ and Bright Star Academy. Built in 1987, the center sits on nearly 12 acres. Douglas Mandel and Zach Levine of Marcus & Millichap represented Core in the transaction and procured the undisclosed buyer.
ST. PETERSBURG, FLA. — CBRE has arranged the sale of Carillon Bay Apartments, a 304-unit, value-add multifamily complex located in St. Petersburg within the Gateway Business District. A Texas-based firm purchased the property for $37 million, according to the Tampa Bay Business Journal. Michael Regan, Cameron Barbas and Matthew Valeri of CBRE represented the seller, Eagle Property Capital, in the transaction. Formerly Gateway on 4th, Carillon Bay comprises 32 two-story buildings and offers one-, two- and three-bedroom floorplans ranging in size from 618 square feet to 1,498 square feet. Units also feature walk-in closets, washer/dryers and private patios or balconies. Amenities include a resort-style swimming pool, 24-7 fitness center, dog park and a children’s playground.
GLEN ALLEN, VA. — Cushman & Wakefield | Thalhimer has brokered the $5 million sale of a former Tyson Foods plant located on approximately 53 acres at 13264 Mountain Road in the Richmond suburb of Glen Allen. An entity doing business as Hanoverlovestheproperty LLC purchased the 208,000-square-foot property from Tyson Farms Inc. Graham Stoneburner, Danny Holly and Chrissy Chappell of Cushman & Wakefield | Thalhimer represented the seller in the transaction.
SILVER SPRING, MD. — A partnership between St. Louis-based Sansone Group and locally based data center operator Priseda has acquired a 214,000-square-foot data center located in Silver Spring, just north of Washington, D.C. JLL Capital Markets arranged acquisition financing through Maryland-based Poverni Sheikh Group (PSG). The tier IV data center currently supports mission-critical operations and is slated for infrastructure enhancements, including the modernization of tier transitions, which will improve data center infrastructure performance and reliability, as well as an expansion of power capacity up to 100 megawatts. The new ownership is actively leasing the property and has secured a long-term lease with an undisclosed anchor tenant.
JERSEY CITY, N.J. — The NRP Group, a Cleveland-based multifamily developer, has completed Oliver on the Hudson, a 401-unit multifamily project in Jersey City. Designed by KTGY with interiors by Bergmeyer, Oliver on the Hudson offers studio, one-, two- and three-bedroom units, some of which feature private balconies. Amenities include two interior courtyards, a pool, outdoor lounge areas, a fifth-floor sky lounge, clubhouse, fitness center, a catering kitchen with a private dining room, coworking spaces and a 24-hour package concierge system. NRP Group developed the property in partnership with G&S Investors and Rockwood Capital. Rents start at roughly $2,500 per month for studio apartment.
ARLINGTON, VA. — LEO Impact Pool, an investment vehicle managed by LEO Impact Capital, has provided a preferred equity investment to Insight Property Group for Haven Columbia Pike, a 118-unit, garden-style apartment community in Arlington. LEO’s investment allows Insight to recapitalize the property, fund significant capital improvements and dedicate all available units to workforce housing for families earning 60 percent or less of the area median income (AMI). Located at 805 S. Florida St. near the Pentagon, Haven Columbia Pike features a mix of one- to three-bedroom apartments ranging in size up to 722 square feet, according to Apartments.com. Amenities at the pet-friendly community include 99 off-street parking spaces, bike storage, landscaping and individual storage units.
WARWICK, R.I. — ACRES Capital has provided $19 million in financing for Matteson Ridge, an age-restricted multifamily project in Warwick, about 50 miles south of Worcester, Mass. The undisclosed borrower will use the proceeds to refinance existing debt on 29 townhouse units that are fully occupied, as well as to fund construction of 53 garden-style apartments. Residences are furnished with stainless steel appliances, granite countertops, custom cabinetry, coffee bars, laundry rooms and attached one-car garages.