APPLETON, WIS. — NAI Pfefferle has negotiated a 12,885-square-foot office lease at 4351 W. College Ave. in Appleton. The tenant, ipromoteu, is relocating and expanding. Adam Figurin, Amy Oelhafen and Elizabeth Ringgold of NAI Pfefferle negotiated the transaction.
WASHINGTON, D.C. — JLL Capital Markets has arranged a $352.7 million financing package for the Fundrise National Industrial Portfolio, a collection of 12 institutional-quality industrial buildings concentrated in the Mid-Atlantic and Sun Belt regions. Goldman Sachs and TPG Real Estate Credit provided the loan to an affiliate of Fundrise, a private equity firm based in Washington, D.C. Robert Carey, Carl Beardsley, Jason Carlos, Gus Caiola and Patrick Wu of JLL’s Debt Advisory team arranged the loan, which will be used to refinance the portfolio. “This financing will enable us to advance our long-term business plan for the industrial portfolio, create value for our investors and capitalize on the strong macro tailwinds in the industrial sector today,” says Brandon Jenkins, chief operating officer of Fundrise. Buildings within the portfolio, which totals roughly 3.2 million square feet, feature LED lighting, ESFR sprinkler systems, cross-dock configurations and clear heights ranging from 23 feet to 40 feet. “This portfolio represents a compelling investment opportunity, offering both geographic diversification and strong income stability from a quality tenant roster,” says Carey. “The strategic locations near major transportation networks, including international airports and key interstate corridors, position these assets to benefit from continued logistics demand.” The facilities …
DALLAS — New York City-based Lument has arranged $123.6 million in CMBS financing across four loans for a portfolio of four multifamily properties totaling 1,111 units in Dallas. The portfolio consists of Avalon 8801, a 212-unit mid-rise that built in 1986 and renovated in the 2010s; 6500 South, a 536-unit mid-rise that was completed in 1985 and renovated in 2012; Casa Bella Apartments, a 176-unit high-rise that was delivered in 1974 and renovated in 2019; and Westwood Apartments, a 187-unit mid-rise that was constructed in 1969 and renovated in the 2010s. All four loans carry fixed interest rates and five-year terms with full-term, interest-only payments. Evan Hom led the transaction for Lument. The borrower was Texas-based owner-operator Sahara Equities.
IRVING, TEXAS — Cushman & Wakefield has brokered the sale of Parc GSW, a 682,491-square-foot industrial property in Irving. Completed in 2017 by a partnership between Jackson-Shaw and Clarion Partners, Parc GSW consists of two buildings that total 450,340 and 232,151 square feet. Both buildings were fully leased at the time of sale to single tenants. Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke and Emily Brandt represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
MIDLOTHIAN, TEXAS — St. Louis-based developer Sansone Group has broken ground on Palmer Logistics, a 269,700-square-foot industrial project in the southern Dallas suburb of Midlothian. The facility, which will be situated on a 26.5-acre site, will be a build-to-suit for Houston-based chemicals manufacturer Palmer International and will be used for hazardous materials storage and distribution. Construction is expected to be complete next summer.
PEARLAND, TEXAS — Canopy Solutions has signed an 82,560-square-foot industrial lease in the southern Houston suburb of Pearland. The manufacturer of sunshade systems will occupy a rear-load building within Levey Logistics Park, a 38-acre industrial development. Jason Scholtz of Colliers represented the tenant in the lease negotiations. Allison Bergmann and Michael Foreman with Cushman & Wakefield represented the landlord, local owner-operator Levey Group, which developed the property in partnership with the Pearland Economic Development Corp.
FORT LAUDERDALE, FLA. — Moss has begun construction on The Dunes Fort Lauderdale, an Autograph Collection Hotel. Moss is constructing the $175 million hotel on behalf of the developer, G. Holdings Group, and the operator, Marriott International. The 205-room, 16-story hotel will be located at 441 S. Fort Lauderdale Beach Blvd. and represents the first Autograph Collection hotel in the city. Designed by FSMY Architects & Planners with interiors by Studio Munge, The Dunes will feature an ocean-facing restaurant, mezzanine-level event venue, third-floor pool and bar deck, rooftop bar and dining venue and a valet-operated subterranean parking garage. The construction timeline for the hotel was not released.
PLANO, TEXAS — Newmark has negotiated a 29,000-square-foot office lease in Plano. The tenant is building materials supplier Amrize, and the space is located within Willow Bend Office Center I, a 124,000-square-foot building that was completed in 1998. Nathan Durham of Newmark represented the landlord, an entity doing business as CFT NV Developments LLC, in the lease negotiations. Steve Wentz and Mark Becker of Cushman & Wakefield represented Amrize.
NORTH ANDOVER, MASS. — A public-private partnership between Greystar and Merrimack College has topped off two student housing projects totaling 540 beds on the university’s campus in North Andover, a northern suburb of Boston. The first building will house 351 beds across 180 units, all of which will be traditional dormitory doubles except for the resident advisor units. The second building will house 189 beds across 54 units, the majority of which will feature three- and four-bedroom suite configurations. The properties will also feature a combined total of 12,609 square feet of academic space, a pavilion for honors students and a fitness center. Timelines for completion of the projects were not disclosed.
CLIFTON PARK, N.Y. — Cushman & Wakefield and Pyramid Brokerage Co. have co-arranged the $82.4 million sale of Foxrun Apartments and North Pointe Apartments, two multifamily properties in the upstate New York community of Clifton Park. Spanning 41 acres, Foxrun Apartments offers 468 units. Spanning 12 acres, North Pointe Apartments totals 198 units. Affiliates of The Solomon Organization sold the properties to Merion Realty Partners, which partnered with Eastham Capital on the deal. Niko Nicolaou, Ryan Dowd, Peter Welch, J.P. Hohl and Alexandria Russo Ebers of Cushman & Wakefield, alongside Jonathan Weinstein, Robert Stewart and Joseph Mahoney of Pyramid Brokerage Co. represented both parties in the transaction. Both properties were more than 90 percent occupied at the time of sale.