Sunday, June 29, 2025
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GeorgiaHospitalityLoansMixed-UseSoutheast

Patterson Secures Refinancing for 161-Room Bellyard Hotel in West Midtown Atlanta

by John Nelson

ATLANTA — Patterson Real Estate Advisory Group has secured the refinancing for Bellyard, a 161-room Marriott Tribute Portfolio hotel located in Atlanta’s West Midtown district. Delivered in 2021, the hotel serves as an anchor for The Interlock, a $450 million mixed-use-development by SJC Ventures that was sold to Armada Hoffler in 2023. Patterson arranged the loan through Connecticut-based LoanCore Capital on behalf of the borrower, Bellyard Partners LLC, the hotel’s ownership entity comprising West 14th Hospitality LLC and Atlantic American Partners.

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Leasing ActivityNorth CarolinaOfficeSoutheast

Coinbase Leases 58,600 SF at 110 East Office Tower in Charlotte’s South End

by John Nelson

CHARLOTTE, N.C. — Coinbase, a digital currency wallet and platform for merchants and consumers, has leased 58,600 square feet of space at 110 East, a 23-story, Class A office building located in Charlotte’s South End district. Coinbase will occupy the 18th and 19th floors at 110 East to serve as the cryptocurrency exchange’s “Center of Excellence,” which will house 130 employees. Conor Brennan of JLL represented Coinbase in the lease transaction. Jennifer Kurz, John Hannon and Rhea Greene with Trinity Partners represented the landlord, Shorenstein. Other tenants at 110 East include SouthState Bank, Humana and Iberian Pig, a Spanish tapas restaurant.

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DevelopmentHospitalityTexas

Choice Hotels, HighSide Debut Four Everhome Suites Hotels in Texas

by Taylor Williams

ROCKVILLE, MD. — Choice Hotels International, a Maryland-based operator, in partnership with Denver-based HighSide Cos., has debuted four new hotels in Texas under its Everhome Suites brand. The hotels are located in Bastrop, Brownsville, El Paso and Waco and have between 114 and 122 apartment-style rooms with fully equipped kitchens, spa-style bathrooms and storage spaces. The partnership is also nearing completion of an Everhome Suites hotel in Amarillo and recently broke ground on another such property in the northern Austin suburb of Georgetown.

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AcquisitionsIndustrialTexas

Provident Industrial Acquires Distribution Building in Irving

by Taylor Williams

IRVING, TEXAS — Provident Industrial, a division of Dallas-based investment firm Provident, has acquired a distribution building at 8225 Bent Branch Drive in Irving. According to LoopNet Inc., the building is a single-tenant structure with 250,659 rentable square feet. The building was originally constructed on a 23-acre site in 1997 and features 20-foot clear heights and four dock-high loading doors, per LoopNet. The seller and sales price were not disclosed.

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AcquisitionsHealthcareTexas

Silver Oak Commercial Negotiates Sale of 9,752 SF Medical Office Building in Hurst, Texas

by Taylor Williams

HURST, TEXAS — Locally based brokerage firm Silver Oak Commercial Realty has negotiated the sale of Mill Haven Plaza, a 9,752-square-foot medical office building in Hurst, located in the northern-central part of the metroplex. According to LoopNet Inc., the building was constructed in 2007. Russ Webb of Silver Oak Commercial represented the buyer in the transaction. Logan May and Paul Stevenson of NAI Robert Lynn represented the seller. Both parties requested anonymity.

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Leasing ActivityRetailTexas

Google Opens 2,257 SF Store at Domain Northside in Austin

by Taylor Williams

AUSTIN, TEXAS — Google has opened a 2,257-square-foot store under at The Domain Northside in Austin. The store offer products made by Google, such as Pixel phones, watches and tablets, Nest cameras, Fitbit trackers and branded merchandise. The Austin Google Store also has experts on hand to help customers with technological troubleshooting issues and phone repairs.

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DevelopmentIndustrialNortheastPennsylvania

TCC Breaks Ground on 376,000 SF Industrial Project in Carroll Township, Pennsylvania

by Taylor Williams

CARROLL TOWNSHIP, PA. — Trammell Crow Co. (TCC) has broken ground on York County Trade Center, a 376,000-square-foot industrial project in Carroll Township, a southwestern suburb of Harrisburg. The site spans 35 acres, and the building will feature a cross-dock configuration, a clear height of 40 feet, 80 dock doors and 3,600 square feet of office space. Ware Malcomb is the project’s architect, and Conewago Enterprises is the general contractor. KBC Advisors will market the property for lease. Completion is scheduled for April 2026.

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AcquisitionsDevelopmentMultifamilyNew JerseyNortheast

JLL Brokers $25M Sale of Multifamily Development Site in Paramus, New Jersey

by Taylor Williams

PARAMUS, N.J. — JLL has brokered the $25 million sale of a multifamily development site in the Northern New Jersey community of Paramus. The site is located along Forest Avenue within Bergen Town Center. The buyer, a joint venture between Russo Development and KRE Group, plans to develop 426 units on the site in two phases. Plans also call for Class A amenities and about 5,000 square feet of retail space. Jose Cruz, Ryan Robertson, Steve Simonelli, Michael Oliver, Elizabeth DeVesty and Austin Pierce of JLL represented the seller, Urban Edge Properties, in the transaction.

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IndustrialLeasing ActivityNew JerseyNortheast

Newmark Arranges 150,000 SF Industrial Lease in Hamilton, New Jersey

by Taylor Williams

HAMILTON, N.J. — Newmark has arranged a 150,000-square-foot industrial lease in the Central New Jersey community of Hamilton. According to LoopNet Inc., the newly constructed building at 40 Enterprise Ave. features a clear height of 40 feet, two drive-in bays, 46 exterior dock doors and 141 car parking spaces. Kyle Eaton, Robert Loderstedt, Michael Schipper and Haylee McCabe of Newmark represented the tenant, CEVA Logistics, in the lease negotiations. The name and representative of the landlord were not disclosed.

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Build-to-RentDelawareDevelopmentNortheastSingle-Family Rental

JLAM Underway on 102-Unit Build-to-Rent Residential Project in Lewes, Delaware

by Taylor Williams

LEWES, DEL. — JLAM, an investment and development firm with offices in Delaware and Charlotte, is underway on construction of Lightkeeper’s Village, a 102-unit build-to-rent residential project in the coastal Delaware city of Lewes. The community will feature one-, two- and three-bedroom units and amenities such as a clubhouse, pool, fitness center and common green spaces. The design/build team includes Schell Brothers, regional architecture firm Union, Christiana Excavating and engineering firm Davis, Bowen & Friedel. Leasing is expected to begin before the end of the year.

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