Property Type

Cushman & Wakefield Arranges $49M Sale of Whole Foods-Anchored Shopping Center in Southwest Florida

by Alex Tostado July 18, 2019

FORT MYERS, FLA. — Cushman & Wakefield has arranged the $49 million sale of Daniels Marketplace, a 106,739-square-foot shopping center in Fort Myers. The site, situated at 6891 Daniels Parkway, was fully leased at the time of the sale to tenants including Whole Foods Market, a salon, dentist, Pilates gym, dry cleaner, pet hospital and several fast-casual restaurants such as Mellow Mushroom and Panera Bread. There are also future development opportunities at the property. Fain Hicks, Mark Gilbert, Lane Breedlove, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, S.J. Collins Enterprises, in the transaction. The Cushman & Wakefield team of Mike Ryan, Brian Linnihan and Richard Henry arranged acquisition financing on behalf of the buyer, AEW Capital Management.

July 18, 2019

Development Mixed-Use Texas

i3 Interests Breaks Ground on 24-Acre Mixed-Use Project in Metro Houston

by Taylor Williams July 18, 2019

CYPRESS, TEXAS — i3 Interests, an investment and development firm active in Louisiana, Texas and Florida, has broken ground on Telge Crossing, a mixed-use project that will be situated on 24 acres in the Houston suburb of Cypress. Project plans currently call for 15,000 square feet of retail space, 12,000 square feet of medical office space, several pad sites and a 303-unit apartment community. EDGE Realty is marketing the retail component of the project for lease, and Transwestern has been tapped to lease the medical office building. Arch-Con Corp. is the general contractor for the retail and medical office components, and Identity Architects is handling design. Domain Builders is handling the multifamily component, with W Partnership providing design services.

July 18, 2019

Acquisitions Multifamily Texas

Marcus & Millichap Arranges Sale of 176-Unit Apartment Community in Beaumont

by Taylor Williams July 18, 2019

BEAUMONT, TEXAS — Marcus & Millichap has arranged the sale of Sienna Apartment Homes, a 176-unit multifamily community located in the East Texas city of Beaumont. The property offers one- and two-bedroom units and amenities such as a pool, fitness center, business center, resident clubhouse and a conference room. Kent Myers of Marcus & Millichap represented the seller, a regional developer, in the transaction. Myers also procured the buyer, a limited liability company. Both parties requested anonymity.

July 18, 2019

Leasing Activity Office Texas

NKF Negotiates 108,000 SF Office Lease Renewal in Houston’s Westchase Area

by Taylor Williams July 18, 2019

HOUSTON — Newmark Knight Frank (NKF) has negotiated a 108,000-square-foot office lease renewal at 3010 Briarpark Drive in Houston for Empyrean Benefit Solutions Inc., which is headquartered at the building. The nine-story, Class A property is located in the Westchase neighborhood. David Husid of NKF represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

July 18, 2019

Acquisitions Industrial Texas

Gleco Plating Acquires 54,000 SF Industrial Building in McAllen

by Taylor Williams July 18, 2019

MCALLEN, TEXAS — Gleco Plating Inc. has acquired a 54,000-square-foot industrial building located at 3800 W. Ursula Ave. in the South Texas city of McAllen. The Rowlett, Texas-based company will occupy 34,000 square feet of the building. Carlos Telles of CBRE represented Gleco in the acquisition and is marketing the remaining 20,000 square feet for lease. Daniel Galvan of Coldwell Banker represented the seller, Goldman Family Management Trust.

July 18, 2019

Acquisitions Office Texas

EDGE Realty Brokers Sale of 22,423 SF Office Building in Houston

by Taylor Williams July 18, 2019

HOUSTON — EDGE Realty Capital Markets has brokered the sale of a 22,423-square-foot office building located at 3808 World Houston Parkway in Houston 8. The property was built in 1999 on 2.8 acres and is located near several major thoroughfares, including Interstate 45 and Beltway 8. Micha Van Marcke and Chace Henke of EDGE represented the seller in the transaction. Other terms of sale were not released.

July 18, 2019

Acquisitions Massachusetts Northeast Retail

Unison Realty, Argosy Acquire 421,680 SF Shopping Center in Southern Massachusetts

by Taylor Williams July 18, 2019

ATTLEBORO, MASS. — A joint venture between Unison Realty Partners and Argosy Real Estate Partners has acquired Bristol Place, a 421,680-square-foot shopping center in Attleboro. Anchored by Market Basket, Bristol Place is situated at the interchange of I-95 and Route 1A, eight miles north of downtown Providence. Built in 1993 and renovated in 2013, Bristol Place is home to a number of other tenants, including Home Depot, Party City, Bob’s Discount Furniture, Hobby Lobby and TJ Maxx. The joint venture tapped The Wilder Cos. as the property manager and leasing agent for the center. This assignment marks the seventh retail property in the Northeast that Wilder manages on behalf of Unison. The seller and sales price were not disclosed.

July 18, 2019

Acquisitions Industrial New Jersey Northeast

CBRE Arranges Sale of 187,569 SF Light Industrial Portfolio in Moorestown, New Jersey

by Taylor Williams July 18, 2019

MOORESTOWN, N.J. — CBRE has arranged the sale of 550 Glen Avenue and 600 Glen Court, a 187,569-square-foot light industrial portfolio in Moorestown, located east of Philadelphia across the Delaware River. The two properties were built in the late 1970s and include warehousing and distribution capacities. The buildings’ location near I-295 and the New Jersey Turnpike puts them in close proximity to both the Philadelphia and New York City areas. Michael Hines, Brad Ruppel and Brian Fiumara of CBRE represented the seller, an affiliate of Endurance Real Estate Group LLC. The trio also procured the undisclosed buyer in the transaction.

July 18, 2019

Development Multifamily New York Northeast

Mill Creek Begins Leasing 192-Unit Apartment Community on Long Island

by Taylor Williams July 18, 2019

MINEOLA, N.Y. — Mill Creek Residential has begun leasing Modera Metro Mineola, a 192-unit apartment community on Long Island. The transit-served property offers studio, one- and two-bedroom units that feature stainless steel appliances, quartz countertops, custom cabinetry, tile backsplashes and key fob entry systems. Indoor amenities include two 24-hour fitness centers with yoga and Pilates studios, two indoor clubhouses with lounges, TVs and resident kitchens, a business center with a conference room, a coffee bar, pet spa and package concierge service. Outdoor amenities include a pool, sun deck, grilling area and kitchen and a lounge. The first units are expected to be available for occupancy in the coming weeks.

July 18, 2019

Acquisitions New Jersey Northeast Office

Newmark Knight Frank Negotiates $32M Sale of Office, R&D Building in New Jersey

by Taylor Williams July 18, 2019

EATONTON, N.J. — Newmark Knight Frank (NKF) has negotiated the $32 million sale of a commercial property located at 250 Industrial Way in the eastern New Jersey city of Eatonton. The property houses 138,163 square feet of office and research-and-development space. The property was fully leased at the time of sale to communications systems supplier SubCom on a triple-net basis through 2024. Steven Schultz, Tony Georgiev, Adam Silver and Ben Greazel of NKF represented the seller in the transaction.

July 18, 2019

Newer Posts

Older Posts