ROUND ROCK, TEXAS — NAI Partners has negotiated a 12,946-square-foot retail lease at The Triangle Center, located at 2000 Mays St. N. in the northern Austin suburb of Round Rock. Joe DeCola of NAI Partners represented the undisclosed landlord in the lease negotiations. The tenant was Genuine Parts Co., a replacement automotive parts retailer headquartered in Atlanta.
PHILLIPSBURG, N.J. — Bridge Development Partners has unveiled plans for Bridge Point 78 Phase II, an industrial project that will feature two buildings totaling roughly 1.6 million square feet in Phillipsburg, located near Allentown, Pennsylvania. Phase II will consist of a 1.4 million-square-foot building and a 262,500-square-foot building that will feature clear heights of 36 to 40 feet, cross-dock configurations and ample parking for trucks and cars. Preliminary work on the 100-acre site began in December, and vertical construction is expected to begin this summer and to be fully complete in the first quarter of 2022. Phase I of Bridge Point 78 consisted of 2.2 million square feet across four buildings that is leased to Japanese clothing manufacturer and retailer UNIQLO, lawn care manufacturer ScottsMiracle-Gro and beverage distributor Mark Anthony Brands. Bridge Development sold Phase I to PGIM Real Estate in November 2020.
WALTHAM, MASS. — Design firm Bergmeyer and construction management firm J. Calnan & Associates (JC&A) have completed a 180,000-square-foot life sciences redevelopment project in the western Boston suburb of Waltham. The property, which features traditional office and lab space, will serve as the new headquarters for robotics firm Boston Dynamics. Amenities include kitchens and a fitness center, as well as mothers’ and quiet rooms.
CONSHOHOCKEN, PA. — Green Chef, a meal kit provider that was acquired by HelloFresh in 2018, has signed a 170,160-square-foot industrial lease renewal and expansion in Conshohocken, a northern suburb of Philadelphia. The company’s expanded space is located at 1130 Commerce Blvd., a 386,026-square-foot, cross-dock distribution center that is owned by Indianapolis-based Duke Realty. Dennis Someck and Justin Myers of Lee & Associates represented Green Chef in the lease negotiations. Scott Henderson represented Duke Realty on an internal basis.
ATLANTA — Walker & Dunlop has brokered the $164.5 million sale of The Mansions Portfolio, a portfolio of four Class A independent living properties in Atlanta. Focus Senior Housing Fund I LP, a discretionary investment vehicle that is managed by an affiliate of Focus Healthcare Partners LLC, bought the portfolio. Joshua Jandris, Mark Myers, Jordyn Berger and Brett Gardner of Walker & Dunlop represented the buyer in the transaction. Additionally, Russell Dey of Walker & Dunlop arranged three acquisitions loans through Freddie Mac. The seller(s) was not disclosed. The Mansions Portfolio includes 559 independent living units across four unnamed properties located within 30 miles of one another. Some communities include restaurant-style dining rooms, fitness centers, landscaped grounds and in-unit washers and dryers. The communities are fairly new as they were constructed between 2016 and 2020. Focus Healthcare Partners is a real estate investment and asset management firm headquartered in Chicago.
CHICAGO — Skender has completed the interior construction of the new 536,000-square-foot office for Bank of America in downtown Chicago. Known as Bank of America Tower, the building rises 56 stories and is located at 110 N. Wacker St. Bank of America’s space encompasses 17 floors, or approximately one-third of the building. It includes private offices, open workstation areas, conference rooms, cafés and two outdoor terraces. A staircase connects a two-floor conference center and executive suite. Skender collaborated with JLL, Interior Architects and Syska Hennessy Group on the project.
KANSAS CITY, KAN. — Contegra Construction Co. is underway on two distribution centers at the 250-acre Turner Logistics Center in Kansas City. The buildings will add 919,080 square feet and are slated for completion in late summer and early fall. NorthPoint Development is the developer. Each building will feature a clear height of 36 feet. Building II will include 54 dock doors, four drive-in ramps, parking for 284 vehicles and 137 trailers. Building III will feature 37 dock doors, two drive-in ramps and 371 parking spaces. With the completion of these new centers, Turner Logistics Center will total more than 1.3 million square feet across three buildings, all constructed by Contegra. The development has the capacity for 3 million square feet of industrial space.
Dalfen Industrial Purchases Land Near Nashville Airport from FedEx, Plans 739,950 SF Industrial Park
NASHVILLE, TENN. — Dalfen Industrial has purchased approximately 76 acres in Nashville, directly east of the Nashville International Airport. Dalfen plans to develop the land into Airpark East, a three-building industrial park totaling 739,950 square feet. Memphis-based FedEx was the seller. Airpark East will be located near Murfreesboro Pike and Interstates 24 and 40. The land is situated in close proximity to the Nashville CBD. Over the last 12 months, Dallas-based Dalfen Industrial has transacted on $1.7 billion of real estate in the United States.
BOLINGBROOK, ILL. — Apparel retailer AKIRA has signed a long-term lease for a 352,338-square-foot warehouse located at 150 E. Crossroads Parkway in Bolingbrook. AKIRA will use the space for warehouse, fulfillment and e-commerce operations, while its office and headquarters will remain in Chicago. The facility features a clear height of 30 feet and 46 exterior loading docks. It is situated less than one mile from I-55. Noel Liston and Nick Krejci of Darwin Realty/CORFAC International represented AKIRA in the lease transaction and worked with the retailer on the consolidation of several warehouses. Keith Stauber and Steve Ostrowski of JLL represented building ownership.
WAVERLY, IOWA — Marcus & Millichap Capital Corp. (MMCC) has arranged a $14.7 million loan for the refinancing of Pinnacle Villages in Waverly, located in northeast Iowa. The newly constructed multifamily property features 110 townhouse-style units. Robert Bhat of MMCC arranged the 12-year loan, which features a fixed interest rate of 3.5 percent, a 30-year amortization schedule and four years of interest-only payments.