FORT WORTH, TEXAS — Pottery Barn and West Elm will both open stores totaling 22,126 square feet at Westbend, a 281,000-square-foot mixed-use development located in southwest Fort Worth. Both home furnishings retailers are backfilling a former Market by Macy’s space and are targeting May 2026 openings. Trademark owns Westbend, the retail component of which is now fully leased.
PARSIPPANY, N.J. — A partnership between Ohio-based Stanbery Development Group, New Jersey-based Claremont Development and Los Angeles-based PCCP LLC has completed a 262-unit apartment complex in the Northern New Jersey community of Parsippany. Smyth at District 15Fifteen is part of District 15Fifteen, a mixed-use redevelopment of a former 290,000-square-foot office campus. The property offers studio, one- and two-bedroom units that range in size from 554 to 1,240 square feet. Amenities include a pool, fitness center, two central courtyards, sports simulator lounge, coworking offices, kids’ playroom and a private party room. Leasing began this spring, and the first move-ins are now underway. Rents currently start at $2,445 per month for a studio apartment.
SAN DIEGO — A partnership between Cisterra Development and Spruce Capital Group has received a $98 million loan for the refinancing of Radian, a Class A apartment property in San Diego. Located at 675 Ninth Ave., Radian offers 241 one-, two- and three-bedroom units, including five penthouses. The community features a two-story ground-floor retail area and a rooftop pool and spa with views of Petco Park, downtown San Diego and the San Diego Bay. Mark McGovern, Scott Peterson and Morgon Fraser of CBRE Capital Markets’ Debt & Structured Finance team arranged the three-year, fixed-rate permanent loan on behalf of the borrower.
PHOENIX — Baron Properties has completed the disposition of Seventy5 Business Park, a four-building industrial infill park in Phoenix, to MIG Real Estate for $46.7 million. Situated on 14.4 acres at 7150 W. Roosevelt St., the 222,394-square-foot Seventy5 Business Park features flexible small bay sizes, abundant loading capabilities with common area truck wells and fully built-out office spaces. Will Strong, Phil Haenel, Foster Bundy, Molly Hunt, Michael Matchett, Jack Stamets and Madeline Warren of Cushman & Wakefield’s Mountain West Capital Markets Industrial team represented the seller in the deal. Gary Anderson and Nik Vallens of Cushman & Wakefield provided market leasing advisory services.
NATIONAL CITY, CALIF. — CBRE has arranged the sale of an industrial building located at 2100 Haffley Ave. in National City. ALC Investments, a local owner-occupier, acquired the asset for $7.9 million. Situated on 2 acres, the 24,140-square-foot property offers 18-foot clear heights, one grade-level door, five dock-high doors and two rail-served doors. Matt Harris, Matt Porch and Anthony DeLorenzo of CBRE represented the undisclosed seller in the deal.
BAYONNE, N.J. — TWTH Express has signed a 255,069-square-foot industrial lease in the Northern New Jersey community of Bayonne. The California-based freight and logistics company is taking space at Bayonne Distribution Center, a three-building, 613,129-square-foot industrial complex that includes 2.3 acres of industrial outdoor storage space. Chris Okada of Okada & Co. and Emanuel Westfried of Two Bins Capital represented the tenant in the lease negotiations. Russell Verducci of NAI James E. Hanson represented the landlord, Turnbridge Equities, which acquired the property earlier this year and recently launched a $12 million repositioning program.
EL CENTRO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $2.6 million sale of a single-tenant retail building located in El Centro. Dutch Bros Coffee occupies the drive-thru property on a 15–year, absolute triple-net-lease with 10 percent rental increase every five years. Formerly a Wendy’s restaurant, the 2,411-square-foot building was originally built in 1988. Situated on an outparcel to a Vons-anchored retail center, nearby tenants include Smart & Final Extra!, Dollar General Market, Costco, Lowe’s Home Improvement, Target and Ashley Furniture. Bill Asher, Jeff Lefko and Beau Velten of Hanley Investment Group represented the seller and developer, Portland-based Cole Valley Partners, in the transaction. Bill Johnson of KW Commercial represented the buyer, a Northern California-based private investor.
NEW YORK CITY — Lument has provided a $26.8 million HUD-insured loan for the refinancing of three affordable seniors housing properties totaling 203 units in Brooklyn. West End Gardens I and II are both located in the Borough Park neighborhood, while Webster Terrace is located in the Kensington submarket. All three properties are reserved for renters aged 62 and above and mobility-impaired individuals. Paul Weissman and Andrew Nicoll of Lument originated the financing, which was structured as a scattered-site loan and carries a fixed interest rate and a fully amortized 35-year term, through HUD’s 223(f) program. The borrower was HDF Cos.
WELLS, MAINE — Marcus & Millichap has brokered the sale of a self-storage development site in Wells, located in York County near the Maine-New Hampshire border. The site at 71 Spencer Drive is approved for a 70,000-square-foot (net rentable) facility. Nathan Coe, Gabriel Coe, Brett Hatcher and Luke Dawley of Marcus & Millichap represented the locally based seller, Patco Construction, in the transaction. The team also procured the buyer, a partnership between two New Hampshire-based investment and development firms, Brady Sullivan Properties and True Storage.
WENTZVILLE, MO. — Builder MBG is nearing completion of Hearthstone at Autumn Hollow, a 180-unit luxury apartment complex in the St. Louis suburb of Wentzville. The first building is slated for occupancy this month, with the entire five-building complex slated for completion in January. Mia Rose Holdings and J.V. Lombardo are co-developing the community. Amenities will include a fitness center, coworking space, resort-style pool, conference room, dog park, clubhouse and walking paths. Capital Eleven Management is the property manager. Additional project partners include Rosemann & Associates, Engenuity, Civil and Environmental Consultants and Landesign.