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1201-Big-Town-Blvd.-Dallas
IndustrialLoansTexas

JLL Arranges Refinancing of 508,500 SF Industrial Building in East Dallas

by Taylor Williams

DALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of a 508,500-square-foot industrial building in East Dallas. Developed by Hillwood in 2007, the rail-served facility at 1201 Big Town Blvd. features 32-foot clear heights, 79 dock doors and three drive-in doors. Trey Morsbach, Jarrod McCabe, Ryan Pollack and Chad Lisbeth of JLL arranged the five-year, fixed-rate loan through PPM America. The borrower was not disclosed.  The building was 88 percent leased to two unnamed tenants at the time of the loan closing.

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Shelby-Ranch-Apartments-Austin
DevelopmentMultifamilyTexas

United Properties Completes 302-Unit Shelby Ranch Apartments in South Austin

by Taylor Williams

AUSTIN, TEXAS — Minneapolis-based developer United Properties has completed Shelby Ranch, a 302-unit apartment community in South Austin. Shelby Ranch was developed in two phases on an eight-acre site and houses studio, one- and two-bedroom apartments. The amenity package comprises a pool, fitness center, coworking space, resident lounge and a dog park. Belshaw Mulholland Architects designed Shelby Ranch, and OHT Partners served as the general contractor. Rents start at approximately $1,500 per month for a studio apartment.

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Leasing ActivityOfficeTexas

Technip Energies Signs 171,600 SF Office Lease in West Houston

by Taylor Williams

HOUSTON — Technip Energies, a French engineering and technology company that serves the energy and chemicals industries, has signed a 171,600-square-foot office lease in West Houston. According to LoopNet Inc., the 14-story building at 15377 Memorial Drive was originally constructed in 2016 and spans 384,531 square feet. Technip’s space spans six floors and can support the presence of about 1,000 employees. Gensler designed the space, and Harvey Builders handled the build-out. JLL represented the tenant in its site selection, lease negotiations and project management for the spatial build-out.

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AcquisitionsDevelopmentRetailTexas

DuWest Realty Negotiates Sale of 8.6-Acre Retail Development Site in Fort Worth

by Taylor Williams

ROCKWALL, TEXAS — Locally based brokerage firm DuWest Realty has negotiated the sale of an 8.6-acre retail development site in Fort Worth. Blazing Hospitality Group purchased the land at the southeast corner of Academy Boulevard and White Settlement Road with plans to develop a shopping center that will feature multi-tenant retail buildings, as well as standalone restaurant and service retail spaces. The seller was Core Spaces. Giancarlo Carriero and Taylor Cluff of DuWest Realty co-brokered the deal.

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Leasing ActivityOfficeTexas

Kodiak Gas Services Subleases 26,530 SF of Office Space in The Woodlands, Texas

by Taylor Williams

THE WOODLANDS, TEXAS — Kodiak Gas Services has subleased 26,530 square feet of office space in The Woodlands, about 30 miles north of Houston. Kodiak’s headquarters space now encompasses the entirety of floors 18 through 20 at 9950 Woodlock Forest Drive. Dan Boyles and Brent Bishop of Partners Real Estate represented the subtenant in the negotiations. William Padon and Sydnee Hilburn of CBRE represented the sublandlord, New York Digital Investment Group LLC. The owner of the building was not disclosed.

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LoansMultifamilyNew YorkNortheastWalker & Dunlop

Walker & Dunlop Arranges $110M Loan for Refinancing of New York City Multifamily Portfolio

by Taylor Williams

NEW YORK CITY — Walker & Dunlop has arranged a $110 million loan for the refinancing of a portfolio of multifamily properties in New York City. The portfolio comprises 18 properties totaling 112 units and 29 commercial spaces that are located in areas such as Manhattan’s East Village neighborhood and Brooklyn’s Park Slope district. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, Sean Bastian, Christopher de Raet, and Stanley Cayre of Walker & Dunlop arranged the loan, terms of which were not disclosed, through Hudson Bay Capital. The borrower was a partnership between Davean Holdings and Meadow Partners.

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DevelopmentMultifamilyNew YorkNortheastStudent Housing

Landmark Properties to Develop 700-Bed Student Housing Project Near SUNY Binghamton

by Taylor Williams

VESTAL, N.Y. — Georgia-based Landmark Properties will develop The Retreat at Bunn Hill, a 700-bed student housing project that will be located near the State University of New York (SUNY) Binghamton campus in Vestal. The 314,300-square-foot, cottage-style property will offer 161 units in 15 configurations ranging from two- to five-bedrooms with bed-to-bath parity. Shared amenities will include a 12,000-square-foot clubhouse, heated outdoor pool, fire pits, a fitness center and access to an off-campus shuttle bus. Landmark Construction, the in-house general contractor for Landmark Properties, will manage construction of the community, which is slated for a summer 2026 completion.

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11-Aspen-Drive-Randolph
IndustrialLoansNew JerseyNortheast

Aegon Asset Management Provides $7M Permanent Loan for Northern New Jersey Warehouse

by Taylor Williams

RANDOLPH, N.J. — Global investment and life insurance company Aegon Asset Management has provided a $7 million permanent loan for a 40,586-square-foot warehouse in the Northern New Jersey community of Randolph. The building at 11 Aspen Drive was completed in 2023, features a clear height of 36 feet and was fully leased at the time of the loan closing to two tenants: Red Bull and Dominion Solutions. Greg Nalbandian and Ben Morgenthal of JLL arranged the 11-year, fixed-rate loan on behalf of the borrower, a partnership between North Jersey Development Group and Commercial Realty Group.

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AcquisitionsIndustrialSouth CarolinaSoutheast

JLL Arranges Sale of New 1.1 MSF Industrial Building Near Charleston

by John Nelson

RIDGEVILLE, S.C. — JLL has arranged the sale of Building D within Camp Hall Commerce Center, a 6,800-acre industrial park in the Charleston industrial market. The 1.1 million-square-foot facility is located at 2274 Volvo Car Drive in Ridgeville and was fully leased to an unnamed global car manufacturer at the time of sale. Completed in 2023, the cross-dock building features 40-foot clear heights, 208 dock-high doors, four drive-in doors, 84 dock levelers, 847 auto parking spaces and 804 trailer storage spaces. Rockpoint, a Boston-based real estate private equity firm, and Portman Industrial sold the property to Stockbridge for an undisclosed price. JLL represented the sellers in the transaction.

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11-Malcolm-Hoyt-Drive-Newburyport-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

Marcus & Millichap Brokers $4.2M Sale of Industrial Building in Newburyport, Massachusetts

by Taylor Williams

NEWBURYPORT, MASS. — Marcus & Millichap has brokered the $4.2 million sale of a 38,500-square-foot industrial building in Newburyport, a northern suburb of Boston. The building at 11 Malcolm Hoyt Drive was originally constructed in 1986 and later expanded and was fully leased to Journeyman Press at the time of sale. Harrison Klein, Mattias Edenkrans and Luigi Lessa of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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