HOUSTON — Colliers has negotiated a 189,000-square-foot industrial lease in northwest Houston. The tenant was not disclosed. The newly constructed building at 8020 Northcourt Road features 32-foot clear heights, 48 dock‑high doors, two drive-in ramps and 180-foot truck court depths. Robert McGee, Taylor Schmidt and Austin Bartula of Colliers represented the landlord, Provident Industrial, in the lease negotiations. The deal accounts for about 77 percent of the building’s total space.
HOUSTON — Wholesale Electric Supply has signed a 74,880-square-foot industrial lease in East Houston. According to showcase.com, the building at 615 E. Sam Houston Parkway S features a cross-dock configuration, 32-foot clear heights, 26 dock-high doors and 1,800 square feet of office space. Tyler Maner, Jon Farris and Jake Linderman of Stream Realty Partners represented the tenant in the lease negotiations. Holden Rushing and Chris Haro of Partners Real Estate represented the landlord, First Industrial Realty Trust.
HOUSTON — AJ Madison will open a 12,000-square-foot store and showroom in West Houston that will be the New York-based home appliance retailer’s first Texas location. The space is located within Piney Point Shopping Center, and the opening is scheduled for early next year. Eric Lestin and Michael Burgower of Cushman & Wakefield represented AJ Madison in the lease negotiations. Radkey Jolink and Greg Lee of Jolink Wallace Commercial represented the undisclosed landlord.
PARK RIDGE, N.J. — CBRE has negotiated the $117 million sale of The James, a 240-unit apartment complex located in the Northern New Jersey community of Park Ridge. Completed in 2021, The James offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, espresso cabinetry and tile backsplashes. Indoor amenities include a coffee bar, game room, catering kitchen, coworking spaces with private offices, fitness center and a yoga studio. Outside, residents have access to multiple gathering areas, including an outdoor pool, grilling and dining areas, fire pits, TV and lounge areas and a turf lawn. The James also houses nearly 18,000 square feet of retail space. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, Roland Merchant and Tom Pryor of CBRE represented the seller, Veris Residential, in the transaction. The buyer was not disclosed.
NEW YORK CITY — A partnership between Slate Property Group, nonprofit organization RiseBoro Community Partnership and Goldman Sachs has completed 326 Rockaway, an affordable housing development located in the Brownsville neighborhood of Brooklyn. Of the property’s 216 units, 130 are supportive housing for tenants who formerly were homeless, and the remaining units are available for households earning 60 percent or less of the area median income. Amenities include an outdoor recreation area with play structures and landscaped areas, a community room, fitness center and children’s playroom. Aufgang Architects designed the project, and SD Builders & Construction served as the general contractor. Construction began in summer 2023.
MOUNTAIN HOUSE, CALIF. — Brixton Capital has purchased The Market Mountain House, a neighborhood shopping center in Mountain House, from Shea Properties for $32 million. The fully leased property offers 86,872 square feet of retail space spread across five buildings. Current tenants include Safeway and its affiliated fuel station, Starbucks Coffee, The UPS Store, Great Clips and Haagen-Dazs. Rob Ippolito, Pete Bethea, Glenn Rudy, Nicholas Ricardo and Warren McClean of Newmark represented the Aliso Viejo, Calif.-based seller, while Brixton was self-represented in the transaction.
HAWTHORNE, N.J. — Locally based financial intermediary Cronheim Mortgage has arranged a $33 million loan for the refinancing of Hedges at Hawthorne, a 118-unit apartment complex in Northern New Jersey. The property houses 10 studios, 27 one-bedroom units, 76 two-bedroom residences and five three-bedroom apartments, as well as 16,400 square feet of retail space. Amenities include a fitness center, rooftop terrace, lounges, an onsite salon, outdoor grilling areas and a package handling facility. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim arranged the loan, which carries a fixed interest rate of 5.82 percent, on behalf of the borrower, New Jersey-based investment firm The Bedrin Organization. The direct lender was not disclosed.
BROOMFIELD, COLO. — SRS Real Estate Partners has brokered the sale of a newly developed flex building located at 1101 Spring Place in Broomfield. A Denver-based private developer sold the property to a Kansas City-based private investor for $9.3 million. Ryan Tomkins of SRS Capital Markets represented the seller in the transaction. Portland, Ore.-based KinderCare occupies the 12,000-square-foot property under a 15-year corporate-guaranteed, triple-net lease. KinderCare operates more than 2,400 locations in 40 states.
TEMPE, ARIZ. — Cushman & Wakefield has directed the sale of a flex office building situated on ground leased land within the Arizona State University Research Park in Tempe. LNR Partners sold the property to David McHenry for $7.3 million. Situated on 9.6 acres at 8700 S. Price Road, the two-story building offers 132,070 square feet of office space that is fully available for new tenancy. Eric Wichterman, Chris Toci and Mike Coover of Cushman & Wakefield represented the seller. Charles Miscio and Luke Waller of CBRE assisted in the transaction.
PALM DESERT, CALIF. — Irvine, California-based Faris Lee Investments has brokered the $6.1 million sale of a two-tenant retail property located at the corner of Highway 111 and Fred Waring Drive in Palm Desert. SchoolsFirst Federal Credit Union and T-Mobile occupy the 7,400-square-foot building. Chris DePierro, Jeff Conover, Don MacLellan, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller, Sage Investments, in the transaction. The all-cash, 1031 exchange buyer was a Southern California-based private investor. This deal marks the 25th property Faris Lee Investments has sold in the Palm Desert, Palm Springs, La Quinta and Indio markets.