Wednesday, July 23, 2025
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AcquisitionsNew JerseyNortheastOffice

CBRE Arranges $34.2M Sale of Office Building in New Jersey

by David Cohen

SEACAUCUS, N.J. — CBRE has arranged the $34.2 million sale of One Harmon Plaza in Secaucus. The 192,089-square-foot office building is currently 95 percent leased. Samuel Bernhaut and Robert L’Abbate of CBRE represented the seller, a joint venture between Mountain Development Corp. and PCCP LLC. The buyer was ZI One Harmon Plaza LLC. The joint venture has made significant upgrades since purchasing the office building in 2014, including the renovation of the lobby and the addition of a new conference center, cafeteria and fitness facility.

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AcquisitionsHealthcareNortheastPennsylvania

HFF Negotiates Sale of 68,737 SF Medical Office Building Near Philadelphia

by David Cohen

HAVERTOWN, PA. — HFF has negotiated the sale of the Crozer-Keystone Medical Office and Surgery Center, a 68,737-square-foot building in Havertown. The sales price was undisclosed. Located at 2010 and 2050 West Chester Pike, the medical office building is 92.5 percent leased and is anchored by Crozer-Keystone Health System. Havertown is approximately 10 miles northwest of Philadelphia. HFF represented the undisclosed seller in the transaction. The buyer was Anchor Health Properties.

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Pinnacle-Industrial-Park-Dallas
AcquisitionsIndustrialTexas

Cohen Asset Management Acquires Two Industrial Assets Totaling 1.3 MSF in Dallas

by Taylor Williams

DALLAS — Southern California-based Cohen Asset Management Inc. has acquired two industrial assets totaling approximately 1.3 million square feet within Pinnacle Industrial Park in Dallas. The first property, a 1 million-square-foot bulk distribution building, features 178 exterior docks, six drive-in doors and 32-foot ceiling heights. The second property, a 327,600-square-foot warehouse, includes 62 exterior docks, three drive-in doors and 30-foot ceiling heights. Both assets were built in 2001. Steve Rowland of Transwestern represented Cohen in the acquisition from an undisclosed seller.    

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Bardin-Place-Arlington-Texas
AcquisitionsRetailTexas

CBRE Negotiates Sale of 420,550 SF Retail Center in Arlington

by Taylor Williams

ARLINGTON, TEXAS — CBRE has negotiated the sale of Bardin Place, a 420,550-square-foot retail center located just south of Interstate 20 in Arlington. The center was 99.8 percent leased at the time of sale to tenants such as WinCo Foods, Hobby Lobby, Ross Dress for Less and Dollar Tree. Dallas-based Vista Property Co. purchased the asset from Brixmor Property Group for an undisclosed price. Chris Gerard, Chris Cozby and Blaine Dozier of CBRE represented the seller in the transaction.

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DevelopmentOfficeTexas

Bright Realty Receives $16.7M in Preferred Equity for Metro Dallas Office Development

by Taylor Williams

LEWISVILLE, TEXAS — Bright Realty LLC has received $16.7 million in preferred equity for the construction of The Realm at Castle Hills Office, a 235,000-square-foot project being developed in the northern Dallas metro of Lewisville. Canyon Partners Real Estate LLC provided the funds and has entered into a joint venture with Bright Realty, a real estate development firm based in Lewisville. The nine-story building, which will include ground-floor retail space, is part of the first commercial phase of development of Castle Hills, a residential and golf course community established by Bright Realty in 1997. Construction of the office building is expected to be complete by the end of 2019. Colliers International is handling leasing of the office space.

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AcquisitionsHospitalityNortheastPennsylvania

Marcus & Millichap Brokers $9.7M Sale of Holiday Inn Allentown I-78

by David Cohen

BREINIGSVILLE, PA. — Marcus & Millichap has brokered the $9.7 million sale of the Holiday Inn Allentown I-78 (Lehigh Valley), a 175-room hotel in Breinigsville. The three-story property is located approximately 11 miles southwest of Allentown. Jerry Swon, Tim McCaffrey, Dan Zagoria and Brian Whelan of Marcus & Millichap represented the seller, Meyer Jabara Hotels, in the transaction. A local buyer purchased the property.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Arranges Sale of 211,086 SF Manufacturing Facility in Houston

by Taylor Williams

HOUSTON — Lee & Associates has arranged the sale of a 211,086-square-foot manufacturing facility located at 12218 Robin Blvd. in Houston. According to LoopNet Inc., the property was built in 1964 and features 10-foot clear heights as well as 10 drive-in, grade-level doors. Justin Tunnell of Lee & Associates represented the seller, Admiral Glass Co., in the transaction. Joseph Berwick and Richard Quarles of JLL represented the buyer, IFP-II LLC.

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Leasing ActivityOfficeTexas

Oil & Gas Firm Signs 47,679 SF Office Lease in Dallas

by Taylor Williams

DALLAS — Aethon Energy Operating LLC has signed a 47,679-square-foot office lease at 12377 Merit Drive in Dallas. Melanie Hughes, Richmond Collinsworth and Bret Cooper of Bradford Commercial Real Estate Services represented the landlord, YP Park Central LLC, in the lease negotiations. Russell Trenary of Trenary & Associates represented the tenant.  

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LoansMultifamilyNortheastPennsylvaniaSeniors Housing

Lancaster Pollard Provides $16.8M Loan to Refinance Skilled Nursing Facility in Pennsylvania

by David Cohen

COAL TOWNSHIP, PA. — Lancaster Pollard has provided a $16.8 million HUD-insured loan for the refinancing of Mountain View, a 271-bed skilled nursing facility located in Central Pennsylvania’s Coal Township. The facility also includes eight independent living units. The borrower, Complete Healthcare Resources, acquired the property in 2009 and has made many improvements, including the addition of a memory care wing and improving common areas and therapy spaces. The refinancing via the HUD Section 232/223(f) program reduces overall debt service and puts in place a permanent debt structure with a fixed interest rate. In addition, the refinancing improves overall cash flow and provides funds for future improvements. Tony Ruberg led the transaction for Lancaster Pollard.

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AcquisitionsNew JerseyNortheastRetail

Colliers Orchestrates Sale of 125,295 SF Retail Center in New Jersey

by David Cohen

ROBBINSVILLE, N.J. — Colliers has arranged the sale of The Shoppes at Foxmoor, a 125,295-square-foot retail center in Robbinsville. The sales price was undisclosed. The property is situated on 19 acres and is within walking distance of Town Center, a mixed-use development with over 900 residential units and 220,000 square feet of retail and office space. Jacklene Chesler, Patrick Norris, Matthew Brown and Angelo Vitale of Colliers represented the undisclosed seller. The buyer was also undisclosed.  

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