Property Type

MDH Partners Buys Two South Texas Industrial Properties Leased to Goodman

by Taylor Williams July 12, 2021

CORPUS CHRISTI AND EDINBURG, TEXAS — Atlanta-based investment firm MDH Partners has purchased two industrial properties totaling 82,555 square feet in South Texas. The assets include a 40,680-square-foot warehouse in Corpus Christi that sits on 2.2 acres and a 41,875-square-foot building in Edinburg that is situated on 3.6 acres. Goodman Distribution Inc., which manufactures and distributes HVAC parts and systems, occupies both properties on 10-year, triple-net leases. Stream Realty Partners developed the buildings. Adam Abushagur and Tyler Sharp of Marcus & Millichap represented both parties involved in the deal.

July 12, 2021

Acquisitions Industrial Oklahoma Self-Storage Texas

Marcus & Millichap Brokers Sale of 296-Unit Self-Storage Facility in Shawnee, Oklahoma

by Taylor Williams July 12, 2021

SHAWNEE, OKLA. — Marcus & Millichap has brokered the sale of Bryan Street Storage, a 296-unit self-storage facility in Shawnee, an eastern suburb of Oklahoma City. The property, which offers 47,640 net rentable square feet, was built on 3.8 acres in 2009 and subsequently expanded in 2011 and 2020. Brian Kelly, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller and buyer, both of which requested anonymity, in the transaction. Mark McCoy of Marcus & Millichap assisted in closing the deal as the broker of record.

July 12, 2021

Acquisitions Office Texas

Colliers Negotiates Sale of 41,661 SF Office Complex in Irving

by Taylor Williams July 12, 2021

IRVING, TEXAS — Colliers International has negotiated the sale of Regent Place, a 41,661-square-foot office complex in the Las Colinas area of Irving. Built on 2.1 acres in 1981 and renovated in 2010, the property offers proximity to Dallas-Fort Worth International Airport and other major state highways. Cody Payne of Colliers represented the buyer and seller, both of which were private investors that requested anonymity, in the transaction.

July 12, 2021

Leasing Activity Office Texas

Common Desk Opens 25,000 SF Coworking Space at Hall Park in Frisco

by Taylor Williams July 12, 2021

FRISCO, TEXAS — Common Desk, a Dallas-based provider of flexible workspace solutions, has opened a 25,000-square-foot coworking space at Hall Park, a 162-acre office development in Frisco. Members have access to unlimited conference room use, community events, private chat booths, wellness rooms and beverages from Fiction Coffee. Members can also use the fitness center, onsite dining options, car care center and full-service banks that operate out of Hall Park, as well as the property’s jogging trails, event lawn and sculpture garden.

July 12, 2021

Civic Development Massachusetts Northeast

Shawmut Completes $120M Renovation of Smith College Library in Northampton, Massachusetts

by Taylor Williams July 12, 2021

NORTHAMPTON, MASS. — Shawmut Design & Construction has completed the $120 million renovation of the historic Neilson Library at Smith College in Northampton. The 200,000-square-foot building originally opened in 1909. The library now houses an innovation and entrepreneurship center, as well as a series of classroom spaces, a reading room, private study areas, sunken courtyard and event spaces including an outdoor amphitheater. The library also features a podcast studio and other labs for producing digital content. Renovations began in 2017. Project partners included architectural designer Maya Lin and principal architect Shepley Bulfinch.

July 12, 2021

Development Multifamily New Jersey Northeast

J.G. Petrucci to Develop 172-Unit Apartment Community in East Orange, New Jersey

by Taylor Williams July 12, 2021

EAST ORANGE, N.J. — Developer J.G. Petrucci Co. Inc. will build The Station at East Orange, a 172-unit apartment community that will be located just west of Newark. The property will feature one-, two- and three-bedroom units, 30 percent of which will be reserved as affordable housing, with kitchen islands and stainless steel countertops. In addition, The Station at East Orange will include 3,477 square feet of retail space and amenities such as a fitness center, business center and an art gallery. J.G. Petrucci is developing the project in partnership with TD+ Partners and the City of East Orange. A firm construction timeline is still being established.

July 12, 2021

Acquisitions Maryland Multifamily Southeast

Eastern Union Arranges $42M Sale of Portabello Apartments in Oxon Hill, Maryland

by Julia Sanders July 12, 2021

OXON HILL, MD. — Eastern Union has arranged the $42 million sale of Portabello Apartments, a 254-unit multifamily property in Oxon Hill. Alex Bensahel of Eastern Union led the sales transaction. The seller and buyer were not disclosed. Portabello Apartments is located at 6441 Livingston Road, about 13 miles from Washington, D.C. The apartment community includes one- to three-bedroom units, and rents ranges from $1,145 to $1,820. Built in 1965, the property’s amenities include a playground, pool, laundry facilities, onsite maintenance, property manager onsite, clubhouse and public transportation. Eastern Union is a New York-based national commercial real estate firm.

July 12, 2021

Acquisitions Mississippi Multifamily Southeast

Kushner Cos. Purchases Four-Property Multifamily Portfolio in Jackson

by Julia Sanders July 12, 2021

JACKSON, MISS. — Kushner Cos. has purchased a four-property residential portfolio in Jackson for an undisclosed price. Blake Pera, Tommy Bronson III, Bo Flurry and Gray Fiser of Newmark represented the seller, MAA, a publicly traded REIT. Additionally, Jordan Roeschlaub, Dustin Stolly, Nick Scribani and Issa Abbassi of Newmark arranged an undisclosed amount of acquisition financing on behalf of Kushner Cos., a New York City-based real estate developer and owner. The portfolio spans more than 1,200 units across 71 acres. The properties’ amenities include pools, fitness centers, tennis courts, playgrounds, grilling and picnic areas, sundecks and fireplaces. The four properties are called Pear Orchard, Crosswinds, Reflection Pointe and Lakeshore Landing, and they were built between 1974 and 1988. Kushner Cos. currently owns more than 24,000 units across eight states, 2.2 million square feet of retail space, 5.4 million square feet of office space, 1 million square feet of industrial space and 697 hotel rooms.

July 12, 2021

Industrial Loans Northeast Rhode Island Self-Storage

JLL Arranges Acquisition Financing for 359-Unit Self-Storage Facility in Rhode Island

by Taylor Williams July 12, 2021

WESTERLY, R.I. — JLL has arranged an undisclosed amount of acquisition financing for Cornerstone Self Storage, a 359-unit facility in the coastal Rhode Island city of Westerly. The property sits on 1.8 acres and offers 48,025 net rentable square feet of climate- and non-climate-controlled space, as well as 28 RV storage spaces. Michael Pagniucci and Henry Schaffer of JLL arranged the five-year, fixed-rate loan through Rhode Island-based Washington Trust Co. on behalf of the borrower, The Storage Investment Group.

July 12, 2021

Development Multifamily New York Northeast Seniors Housing

Capitol Seniors Housing Opens 80-Unit Assisted Living Community in New City, New York

by Taylor Williams July 12, 2021

NEW CITY, N.Y. — Capitol Seniors Housing has opened Atria New City, an assisted living and memory care community in New City, located approximately 30 miles north of Manhattan. The three-story, 70,000-square-foot community features 80 residential apartments. Atria Senior Living will operate the property. Meyer Senior Living Studio designed the project.

July 12, 2021

Newer Posts

Older Posts