KANSAS CITY, MO. — Streats, a local restaurant known for its Mexican street tacos as well as Birria tacos and ramen, has opened at the Skyline Collection in downtown Kansas City. Located at 1111 Main, Streats occupies 1,389 square feet on the ground floor in the former KC Mac and Co. space. The lease marks the restaurant’s second Kansas City location. Streats joins Jason’s Deli, Banksia and Fat Bee at the Skyline Collection. Erin Johnston of Copaken Brooks represented the landlord on an internal basis. The Skyline Collection, which includes the 1111 Main and 1201 Walnut office towers, is nearing full retail occupancy.
TEWKSBURY AND HAVERHILL, MASS. — JLL has arranged $10.1 million in acquisition financing across two loans for two industrial assets totaling 64,460 square feet in metro Boston. The buildings include a 34,100-square-foot cold storage facility in Tewksbury and a 30,360-square-foot facility in Haverhill, both of which are located north of the state capital. The buildings were completed in 2000 and 1982, respectively. Max Custer, Amy Lousararian, Thomas Didio Jr., Chris Barry and Christian Badalamenti of JLL arranged the financing. Both loans carried fixed interest rates and were provided by local banks. The borrower was B&D Holdings.
HAMILTON, N.J. — FRP Holdings (NASDAQ: FRPH), an investment firm with offices in Baltimore and Jacksonville, has purchased a 170,800-square-foot warehouse in the Northern New Jersey community of Hamilton. FRP Holdings acquired the asset, which is formerly known as Logistics Center at Hamilton, as part of a larger portfolio deal encompassing the entire development pipeline of South Florida-based developer Altman Logistics Properties. The sales price was not disclosed.
SPRINGFIELD, N.J. — Locally based developer Garden Communities is underway on construction of Springfield Greens at 40 Church Mall, a 100-unit multifamily project in the Northern New Jersey community of Springfield. The first buildings, which will house a mix of one- and two-bedroom units and various amenities, are now topped off. Completion is slated for late 2026.
NEW YORK CITY — Fox Horan & Camerini LLP has signed a 19,200-square-foot office lease in Midtown Manhattan. The lease term is 11.5 years. The law firm will occupy the entire 17th floor of 885 Third Avenue, a 34-story, 600,000-square-foot building that recently underwent a capital improvement program. Chris Mongeluzo and Corey Borg of Newmark represented the tenant in the lease negotiations. SL Green owns 885 Third Avenue.
NEW YORK CITY — Rudin has extended an existing $425 million CMBS loan backed by 32 Avenue of the Americas, a 27-story office tower in Manhattan’s Tribeca neighborhood. The New York City-based owner-operator has also announced plans for a $100 million capital improvement program at the 1.2 million-square-foot Art Deco property, which also features a prominent data center/carrier hotel component. Rudin will introduce a prebuilt program of new work environments at 32 Avenue of the Americas that will range in size from 5,000 to 10,000 square feet. The company will also upgrade the building’s lobby and renovate its street-level retail space. Lastly, Rudin will create a new leasing/marketing center spanning the entire 25th floor, which also features two outdoor terraces that offer views of the Manhattan skyline. The tower’s mortgage will now mature in November 2029 should Rudin exercise both of its one-year renewal options in 2027 and 2028. Iron Hound Management Co. advised Rudin, which acquired the property in 1999 from AT&T, on the loan modification. The direct lender was not named. Rudin requested that its loan be transferred to an unnamed special servicer two months ahead of its November maturity in order to begin discussions on the loan modification. …
By Casey Smallwood of SRS Real Estate Partners The quick-service restaurant (QSR) industry is reshaping retail real estate by capitalizing on the “15-minute city” trend — a movement where people can access essentials within a short walk, bike ride or delivery window from home. This shift, fueled by evolving consumer behavior, urban densification and the rise of digital ordering, is pushing QSRs to prioritize hyper-local presence over traditional highway or regional ‘hubs. The result is a transformation in both real estate development and the metrics that define success in the foodservice sector. Embedding into daily life Hyper-localization is about placing restaurants within the flow of everyday life — close to where people live, work and socialize. Rather than clustering around big-box retail or commuter corridors, many brands now target neighborhood locations near apartment clusters, schools and small mixed-use developments. 7 Brew Coffee, a drive-thru-only brand, exemplifies this model. Its small footprint and fast service make it ideal for small lots and secondary intersection spots once overlooked by national tenants. These locations are now thriving due to residential growth and proximity to commuter paths. With minimal barriers to entry and an emphasis on quick-service, 7 Brew is establishing a strong local …
HOUSTON — Busycon Properties has begun the multimillion-dollar repositioning of 910 Louisiana, a 50-story, 1.2 million-square-foot office tower in downtown Houston. Capital improvements will cover various parts of the building’s exterior and will introduce new amenities, including a 9,000-square-foot conference center, fitness and wellness center and a 5,000-square-foot tenant lounge. Hines manages 910 Louisiana, and Partners Real Estate is the leasing agent. Gallant Commercial has been named as the general contractor for the project, which was designed by architecture firm HOK.
SHAWNEE, OKLA. — GF Central Plastics has opened a 150,000-square-foot metals manufacturing facility in Shawnee, an eastern suburb of Oklahoma City. The facility will complement GF Central’s existing 500,000-square-foot plastic and metals manufacturing plant in Shawnee. Project partners included TAP Architecture, Entegrity Energy Partners, Coalign Group, Cedar Creek Inc. and Evans General Contractors. A grand opening ceremony took place in mid-October, and the facility is expected to be fully operational by next April.
SNYDER, TEXAS — Hospitality brokerage firm Mumford Co. has arranged the sale of a Marriott-branded hotel in Snyder, located in Scurry County in West Texas. The Fairfield Inn & Suites Snyder includes 80 suites and offers amenities such as an outdoor pool, fitness center, convenience mart and onsite laundry services. Ryan Patterson of Mumford Co. represented the undisclosed, Houston-based seller in the transaction. The buyer and sales price were also not disclosed.