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Empire-101-Peoria-AZ
ArizonaDevelopmentIndustrialWestern

Stevens-Leinweber Construction Completes Empire 101 Industrial Facility in Peoria, Arizona

by Amy Works

PEORIA, ARIZ. — On behalf of KBC Advisors Arizona, Stevens-Leinweber Construction has delivered Empire 101, a Class A industrial building offering Loop 101 freeway frontage in Peoria, a suburb northwest of Phoenix. Located at 8850 W. Sweetwater Ave., the 153,145-square-foot building features 32-foot clear heights, 21 dock doors, two drive-in bays, 10 levelers, 90 clerestory windows and generous power. Additionally, the facility offers a fully secured truck court, a 65,000-square-foot secured yard and parking for 144 automobiles, expandable to more than 200 total spaces. Empire 101 is located less than 20 miles from Phoenix Sky Harbor International Airport, six miles from Glendale Municipal Airport and 25 miles from Taiwan Semiconductor Manufacturing Co.’s Arizona FAB campus. Stevens-Leinweber Construction served as general contractor, and Deutsch Architecture served as architect. Mike Ciosek and Eric Bell of Kidder Mathews are handling leasing for the property.

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El-Presidio-Pinnacle-Park-Scottsdale-AZ.jpg
AcquisitionsArizonaOfficeWestern

CRE College Plaza Buys El Presidio at Pinnacle Park Office Building in Scottsdale, Arizona for $7.6M

by Amy Works

SCOTTSDALE, ARIZ. — CRE College Plaza LLC has acquired El Presidio at Pinnacle Park, a two-story office building located at 8700 E. Vista Bonita Drive in the Phoenix suburb of Scottsdale. Flagg Group Scottsdale LLC sold the asset for $7.6 million. Built in 2020, El Presidio at Pinnacle Park offers 59,438 square feet of multi-tenant office space. At the time of sale, the property was 78 percent occupied. Eric Wichterman and Mike Coover of Cushman & Wakefield’s private capital markets group in Phoenix represented the seller in the deal.

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oLiv Madison Student Housing, Madison, Wisconsin
CaliforniaDevelopmentMultifamilyOhioPennsylvaniaSouth CarolinaStudent HousingTop StoriesWisconsin

Core Spaces Delivers Six Student Housing Developments Totaling 4,549 Beds

by Jeff Shaw

CHICAGO — Core Spaces has completed six student housing communities totaling 4,549 beds across the United States. All six communities have opened to residents ahead of the 2024-2025 school year. The communities are all located near the campuses of major universities, including UC Berkeley, University of Cincinnati, Penn State, University of Wisconsin-Madison and Clemson University. The six new properties include: The communities feature a variety of high-end, student-focused amenities. For example, ōLiv Madison boasts a spa, sauna, fitness center, coworking spaces, private study rooms and a sprawling rooftop sundeck with pool and hot tub. Each property offers a diverse mix of floor plans and unit types to appeal to a range of resident needs and price points. “After years of work to bring a project to life, welcoming new residents home is one of the best parts of what we do,” said Marc Lifshin, CEO of Core Spaces. Core Spaces is a residential developer, owner and operator headquartered in Chicago. The company currently owns or manages more than 38,600 beds. The developer currently has a pipeline of approximately 43,000 beds. The pipeline includes an 800-bed project in Knoxville, Tennessee; three developments in Madison totaling 4,000 beds; a 665-unit, 2,195-bed project in …

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El-Paso-VA-Health-Care-Center
DevelopmentHealthcareTexas

Department of Veterans Affairs to Open 492,000 SF Ambulatory Care Facility in El Paso

by Taylor Williams

EL PASO, TEXAS — The U.S. Department of Veterans Affairs (VA) will open a 492,000-square-foot ambulatory care facility in El Paso. The six-story building will be located on the William Beaumont Army Medical Center campus at Fort Bliss and will feature 47 different departments to augment the campus’ continuum of care. Specialty practices and services that will be housed within the facility will include radiology, pathology, audiology, prosthetics and rehabilitation for traumatic brain and spinal cord injuries. The facility will also offer a specialized women’s clinic, spaces for mental health and substance abuse programs, a dental suite and an eyecare clinic. Amenities will include an 18,000-square-foot healing garden, a 6,500-square-foot outdoor café and a 5,000-square-foot shaded staff plaza. The project team includes architecture firms SmithGroup and HKS, Clark Construction Group and The U.S. Army Corps. of Engineers. Construction is underway and slated for a 2028 completion.

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IndustrialLeasing ActivityTexas

Olympia Tools International Signs 95,288 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Olympia Tools International has signed a 95,288-square-foot industrial lease in northwest Houston. The California-based hardware manufacturer is taking space at the building at 11330 Tanyard Creek Drive, which was developed as part of Phase I of Pinnacle Logistics Park. Tyler Maner, Wes Hunnicutt, Matt Moore and Will Mason of Stream Realty Partners represented Olympia Tools in the lease negotiations. Jeremy Lumbreras and Heath Donica, also with Stream, represented the landlord, Hillwood. The deal brings Phase I of Pinnacle Logistics Park to full occupancy.

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AcquisitionsIndustrialTexas

Partners Real Estate Brokers Sale of 27,893 SF Industrial Building in Southwest Houston

by Taylor Williams

HOUSTON — Partners Real Estate has brokered the sale of a 27,893-square-foot industrial building in southwest Houston. According to LoopNet Inc., the single-tenant building at 8008 S. Sam Houston Parkway W was completed in 2023. Travis Land and Braedon Emde of Partners represented the seller, an entity doing business as Ultra Houston Group LP, in the transaction. The name and representative of the buyer, as well as the sales price, were not disclosed.

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Leasing ActivityOfficeTexas

CBRE Negotiates 19,738 SF Office Lease Renewal in North San Antonio

by Taylor Williams

SAN ANTONIO — CBRE has negotiated an office lease renewal in North San Antonio for Spectrum Association Management. The locally based homeowners association (HOA) property management firm is reducing its footprint at North Park Corporate Center, an 86,400-square-foot building, from roughly 27,000 square feet to 19,738 square feet. Larry Mendez, Yobana Castillo and Brad Kaufman of CBRE represented Spectrum, which has been a tenant at the building since 2008, in the lease negotiations. An entity doing business as TLO TX2 Investments LLC owns the building.

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AcquisitionsIndustrialTexas

Bradford Arranges Sale of 18,000 SF Industrial Building in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of an 18,000-square-foot industrial building located at 800-810 N. Great Southwest Parkway in Arlington. The building was originally constructed in 1968. Michael Spain, Jason Finch and Chris Wong of Bradford represented the seller, an entity doing business as CanTex800 LLC, in the all-cash transaction. The buyer was Panamint Holdings LLC.

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The-Northern-Queens
LoansMultifamilyNew YorkNortheast

Affinius Capital Provides $98M Loan for Refinancing of Multifamily Complex in Queens

by Taylor Williams

NEW YORK CITY — Affinius Capital has provided a $98 million loan for the refinancing of The Northern I and II, a 193-unit multifamily complex located in the Astoria neighborhood of Queens. Northern I is a nine-story structure with 64 units, and Northern II is a 10-story building with 129 units. Both properties offer a mix of studio, one- and two-bedroom apartments, and the complex also houses 4,300 square feet of retail space. Amenities include a rooftop deck, fitness center with a yoga studio, private theater, onsite laundry facilities and a coworking lounge. Henry Bodek of Galaxy Capital arranged the loan through Affinius Capital on behalf of the borrower, Goose Property Management.

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33-Rajon-Road-Bayport-New-York
AcquisitionsMultifamilyNew YorkNortheast

Investcorp Buys Long Island Industrial Portfolio for $95.8M

by Taylor Williams

NEW YORK CITY — Global alternative investment firm Investcorp has purchased a portfolio of five industrial buildings totaling 435,000 square feet on Long Island. The buildings are scattered across the Suffolk County communities of Bayshore, Bayport and Ronkonkoma. Buildings range in size from 33,000 to 128,600 square feet and comprise single-story warehouse, cold storage and manufacturing facilities with clear heights ranging from 18 to 40 feet. Four of the buildings were fully leased to single tenants at the time of sale, and the fifth was recently vacated and will be redeveloped. Gary Gabriel, Kyle Schmitt, Ryan Larkin, Bill Baunack, Seth Zuidema and Tom DeLuca of Cushman & Wakefield represented the seller, a partnership between Metropolitan Realty Associates and TPG Angelo Gordon, in the transaction.

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