Property Type

Public Storage Agrees to Acquire National Storage Affiliates in $10.5B Deal

by Taylor Williams March 16, 2026

FRISCO, TEXAS AND GREENWOOD VILLAGE, COLO. — Public Storage (NYSE: PSA) has entered into an agreement to acquire National Storage Affiliates (NYSE: NSA) in an all-stock transaction valued at approximately $10.5 billion. Under the terms of the agreement, which is expected to close in the third quarter, NSA shareholders will receive 0.14 of a share of Public Storage common stock for each NSA share they own. The same arrangement applies to shareholders of operating partnership (OP) units of NSA. The price represents a total consideration of $41.68 per share based on Public Storage’s closing per-share price of $297.72 on March 13, 2026. “Public Storage is the ideal strategic fit for our company given their best-in-class brand, operating platform and future growth profile, said David Cramer, CEO of NSA. “By joining PSA, we ensure that the entrepreneurial spirit of our regional partners is preserved within a global platform capable of driving unprecedented scale.” Immediately prior to closing, Public Storage and limited partners in NSA’s OP will form a joint venture that will consist of 313 properties on NSA’s operating platform comprising 19.6 million rentable square feet across 28 states and Puerto Rico. The estimated value of this joint venture is approximately $3.3 …

March 16, 2026

Market Reports Office Southeast Southeast Market Reports Tennessee Uncategorized

Nashville’s Office Market Is Defined by Resiliency, Momentum

by John Nelson March 16, 2026

With office leasing and development, we’re always looking forward to the next big thing. Nashville’s office market is no exception to that. Sometimes no news is good news, though. That may be the case with the metro’s office development, where only four projects totaling 279,320 square feet were underway at the close of 2025 — 44.1 percent of which was preleased. At the beginning of 2020, Nashville’s construction pipeline was nearly 10 percent of its inventory size — the second-highest share out of any U.S. metro. Since then, 8.5 million square feet of office product has been delivered, and despite overlapping with a global pandemic, nearly 80 percent of it has been leased — underscoring the market’s appetite for quality office space. While that office space has not been absorbed as quickly as some had hoped, market trends and activity suggest that nearly 90 percent of it will be absorbed by the end of 2026, proving the Nashville office market’s resilience. As we approach the end of the first quarter, Nashville’s office market is off to a good start, despite some uncooperative icy weather. Although local tenants continue to lead occupancy growth, sizable multi-market requirements have continued to increase, pushing …

March 16, 2026

Industrial Leasing Activity Texas

Colliers Negotiates 1 MSF Industrial Lease in Northlake, Texas

by Taylor Williams March 13, 2026

NORTHLAKE, TEXAS — Colliers has negotiated a 1 million-square-foot industrial lease in Northlake, located north of Fort Worth. The tenant is DSV Contract Logistics, and the deal is for the entirety of Building 1 within Northlake 35 Logistics Park. Completed in 2023, the building features 40-foot clear heights, 84 dock-high doors, 7,978 square feet of office space and an ESFR sprinkler system. Ward Richmond, Cole Hooper, James Ewing, Keller Strauss and Amanda Richards of Colliers represented DSV in its site selection and lease negotiations. Nathan Lawrence and Krista Raymond of KBC Advisors represented the landlord, a partnership between Texas Commercial Development and Clarion Partners.

March 13, 2026

Development Leasing Activity Restaurant Retail Texas

NewQuest Inks Three Ground Leases at Texas Heritage Marketplace in Katy

by Taylor Williams March 13, 2026

KATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy. The deals are with Olive Garden (7,825 square feet), Chase Bank (3,443 square feet) and Whataburger (3,305 square feet). David Meyers and Bob Conwell internally represented NewQuest in all lease negotiations. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial represented Whataburger, and James Namken and Kyle Knight of Weitzman represented Chase Bank.

March 13, 2026

Leasing Activity Office Texas

Baymark Health Signs 30,388 SF Office Lease Renewal in Lewisville, Texas

by Taylor Williams March 13, 2026

LEWISVILLE, TEXAS — Baymark Health Services has signed a 30,388-square-foot office lease renewal in Lewisville, a northern suburb of Dallas. The provider of treatments for substance abuse disorders will remain a tenant at Corporate Pointe, a two-building development that is now 90 percent leased. Michael Bowles of Avison Young represented the landlord, an entity doing business as GL Corporate Pointe LP, in the lease negotiations. Jeff Eiting of Site Selection Group represented Baymark Health.

March 13, 2026

Industrial Leasing Activity Texas

Oxford Partners Negotiates 21,806 SF Industrial Lease in Northwest Houston

by Taylor Williams March 13, 2026

HOUSTON — Local brokerage firm Oxford Partners has negotiated a 21,806-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 13719 FM 529 features 28-foot clear heights and 4,275 square feet of office space. Chase McAteer of Oxford Partners represented the tenant, 3C Metal USA Inc., in the lease negotiations. Barrett Gibson and David McMahon of Colliers represented the landlord, AKD Properties Inc.

March 13, 2026

Development Multifamily New York Northeast

BLDG Management Begins Leasing 70-Story Apartment Tower in Queens

by Taylor Williams March 13, 2026

NEW YORK CITY — BLDG Management Co. has begun leasing The Orchard, a 70-story apartment tower located in the Long Island City neighborhood of Queens. The Orchard houses 824 units, including 576 market-rate apartments, 248 affordable housing units and a penthouse with a rooftop deck, as well as 13,000 square feet of above-grade retail space. The development also features 100,000 square feet of amenity space. Specific amenities include a fitness center, indoor and outdoor pools, a spa with a steam room and sauna, basketball court, multi-sport simulator, lounge areas, a children’s playroom, game room, movie screening rooms, work pods, a dog spa and a package room with refrigerated storage. The Orchard also features a “backyard” with an apple orchard, three pickleball courts, an outdoor screening area. Perkins Eastman designed The Orchard, and Triton Construction served as the general contractor. Construction began in summer 2023, and the first move-ins are now underway. Monthly rents start in the mid-$3000s for a one-bedroom apartment.

March 13, 2026

Connecticut Leasing Activity Northeast Retail

Whole Foods Debuts 42,000 SF Store in Cheshire, Connecticut

by Taylor Williams March 13, 2026

CHESHIRE, CONN. — Whole Foods Market has debuted a 42,000-square-foot store in Cheshire, located roughly midway between Hartford and New Haven. The store features full-service meat and seafood counters, a bakery, prepared foods section, wellness and beauty section and a selection of more than 200 craft beers. A grand opening ceremony took place on Thursday, Feb. 5.

March 13, 2026

Leasing Activity New Jersey Northeast Retail

Club Studio Fitness to Open 30,240 SF Gym in Cherry Hill, New Jersey

by Taylor Williams March 13, 2026

CHERRY HILL, N.J. — Club Studio Fitness will open a 30,240-square-foot gym in the Southern New Jersey community of Cherry Hill. The space is located within Ellisburg Shopping Center and will include training areas, a juice bar and recovery facilities. The opening is slated for spring 2027. Federal Realty Investment Trust owns Ellisburg Shopping Center, which is anchored by Whole Foods Market and Restoration Hardware Outlet.

March 13, 2026

Acquisitions Industrial Nevada Western

LDK Ventures Acquires 300,564 SF Industrial Building in Reno

by Amy Works March 13, 2026

RENO, NEV. — LDK Ventures has completed the purchase of Reno Distribution Center, an industrial property located at 4910 Longley Lane near the Reno-Tahoe International Airport in Reno. Eric Bennet and Tomi Jo Lynch of CBRE brokered the acquisition. Totaling 300,564 square feet, the asset features four suites, warehouse and storage facilities, dedicated office space and dock-high and ground-level loading doors. The property offers direct access to SR-395 and I-580.

March 13, 2026

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