FORT WORTH, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a four-acre industrial development site on the east side of Fort Worth. The site at 2525 Handley Ederville Road offers proximity to both I-820 and State Highway 121 and formerly housed a 150,000-square-foot Advanced Foam Recycling facility. That property was destroyed in a fire in 2021, and the facility was subsequently razed. Michael Ytem of Younger Partners represented the seller, BridgeCap Partners, in the deal. Forrest Cook of Stream Realty Partners represented the buyer, an entity doing business as G-Catch LLC. The sales price and future plans for the site were not disclosed.
HOUSTON — A partnership between two locally based firms, PAGEWOOD and Wile Interests, has welcomed three new office tenants to The Quad at Brittmoore, a four-building campus in West Houston that is a redevelopment of a former industrial park. Parker Noble and Matt Asvestas of Stream Realty Partners represented the partnership in all three lease negotiations. Noah Kruger of Savills represented global technology firm Homebase (10,588 square feet) in its lease negotiations, while Derick Perkins of Alpine Partners represented energy technology company Digital Wildcatters (4,829 square feet). Bryant Lach of JLL represented cloud technology services provider Siepe (4,451 square feet).
MULLICA HILL, N.J. — Regional provider Inspira Health has broken ground on a $240 million medical center project in Mullica Hill, located outside of Philadelphia in Southern New Jersey. Designed by Array Architects, the five-story building will house 102 beds, boosting the hospital’s overall bed count by nearly 50 percent and increasing Inspira’s footprint to more than 600,000 square feet at the 100-acre Gloucester County campus. The development also includes a separate, one-story overbuild to house Inspira’s maternal health services practice. Other project partners include O’Donnell & Naccarato (structural engineer), Pure PM (project manager), TorconReisz (general contractor) and Highland Associates (MEP engineer). Completion is slated for early 2027.
HAZLE TOWNSHIP, PA. — New Jersey-based intermediary G.S. Wilcox Co. has arranged a $19.1 million loan for the refinancing of two warehouses in Hazle Township, located in the Lehigh Valley region. The buildings are located within Humboldt Industrial Park and total 220,500 square feet. Wesley Wilcox and Al Raymond of G.S. Wilcox arranged the seven-year, interest-only loan on behalf of the borrower, a partnership between The Lakhani Family Office and Saxum Real Estate. The direct lender was not disclosed.
WILMINGTON, MASS. — JLL has negotiated a 32,493-square-foot industrial lease in the northern Boston suburb of Wilmington. The user, an unnamed snack food company, is taking space at Upton Crossing, a 215,000-square-foot campus. Joe Fabiano, James Lipscomb, Jordan Yarboro and Brian Tisbert of JLL represented the landlord, The Davis Cos., in the lease negotiations. Bart Anderson and Juliana Fiore of CBRE represented the tenant.
NEW YORK CITY — Customers Bank has signed a 24,600-square-foot office lease expansion in Midtown Manhattan. The bank holding company is taking an additional full floor at 101 Park Avenue, a 1.3 million-square-foot building. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co., in the lease negotiations. Customers Bank, which now occupies 37,000 square feet at the property, was self-represented.
HAUPPAUGE, N.Y. — Forchelli Deegan Terrana LLP has opened a new, 3,000-square-foot office in the Long Island community of Hauppauge, the first for the New York-based law firm outside of its Uniondale headquarters. According to LoopNet Inc., the 210,000-square-foot building at 100 Motor Parkway was originally constructed in 2006 and renovated in 2020. JLL represented Forchelli Deegan Terrana in the lease negotiations. Damianos Realty Group owns the building.
LOS ANGELES — CIM Group has completed construction of a three-story creative office building at 3000 Crenshaw Blvd. in Los Angeles. The 55,673-square-foot building offers flexible design options with 12.5-foot ceiling heights and large operable windows. The property offers two levels of below-grade parking, a variety of outdoor spaces, including private balconies on all floors, glass garage doors opening to a private outdoor patio on the third floor and a communal landscaped rooftop deck.
COLORADO SPRINGS, COLO. — Dwight Capital has closed a $38.4 million HUD 223(f) loan for the refinancing of Volta at Voyager, a multifamily property in Colorado Springs. Brandon Baksh and Brian Yee of Dwight Capital originated the financing on behalf of the borrower, Boulder-based Mountain View Capital LLC. The refinancing benefited from a Green Mortgage Insurance Premium (MIP) reduction to 25 basis points, enhancing the financial terms. Comprising 10 three-story residential buildings, Volta at Voyager offers 200 one-, two- and three-bedroom apartments, a fitness center, Amazon lockers, a dog spa and park, swimming pool and spa and a resort-style clubhouse.
LACEY, WASH. — TMR Investments has purchased The Village at Union Mills, an apartment property located at 8146 Sweetbrier Lane SE in Lacey. Terms of the transaction were not released. The Village at Union Mills offers 182 apartments. TMR has budgeted $4.1 million to execute a value-add repositioning strategy for the property. The planned investments include enhancements to the fitness center, clubhouse and outdoor amenity spaces, the addition of electric vehicle charging stations and rebranding. Planned interior unit renovations include the addition of stainless steel appliances, stone countertops and contemporary lighting and hardware.