SAGINAW, TEXAS — EōS Fitness will open a 42,500-square-foot gym in Saginaw, located north of Fort Worth. The site lies at the entrance to the 115-acre Beltmill mixed-use development at the northeast corner of East Bailey Boswell and Millstone roads. The opening is slated for some time in 2026. Segovia Partners represented EōS Fitness in the lease negotiations. Matthews Real Estate Investment Services represented the landlord, Hunington Properties Inc., a Texas-based, full-service real estate company.
KATY, TEXAS — Mars Shipping Service Inc. has signed a 32,375-square-foot industrial lease in the western Houston suburb of Katy. The logistics firm is taking space at 21323 Clay Road, which according to Crexi is known as Bridgewater Commerce Center. Garret Geaccone, Boone Smith and Abraham Richardson of Stream Realty Partners represented the landlord, Harbor Capital Advisors Inc., in the lease negotiations.
HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 21,879-square-foot warehouse in West Houston. According to LoopNet Inc., the single-tenant building at 11505 Todd St. was originally constructed in 1953. Chase Tucker and William Alcorn of Finial Group represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.
NEW YORK CITY — LMXD, an affiliate of New York City-based L&M Development Partners, and residential developer Ray have begun leasing a 21-story multifamily and civic project in Harlem. Designed by Frida Escobedo Architects and Handel Architects, the National Black Theatre & Ray Harlem houses 222 mixed-income apartments, commercial space along 125th Street and a multi-purpose room that is open to the community. Units come in studio, one- and two-bedroom floor plans. Residential amenities include a communal kitchen and outdoor grilling stations, a coworking lounge, fitness center and yoga studio, library curated by Phaidon Press, living room lounge and two outdoor terraces. In addition, the site features a 27,000-square-foot home for the National Black Theatre. This space houses offices, classrooms, a 250-seat performance venue, a 99-seat flexible studio theater and a set-building shop to support workforce development in theatrical trades. Construction topped out in fall 2023.
MILFORD, DEL. — Berkadia has brokered the $23.2 million sale of The Reserve at Sawmill, a 149-unit multifamily property in Milford, about 20 miles south of Dover. The sales price equates to a cap rate of roughly 5.7 percent. The property was delivered in phases between 1984 and 2008 and offers one-, two- and three-bedroom apartments, as well as five townhomes. Nat Gambuzza, Trevor Fiebel, Zac Pierce, Matthew Stefanski and Maura Spellman of Berkadia represented the undisclosed seller in the transaction. The buyer was also not disclosed. The property was fully occupied at the time of sale.
SWEDESBORO, N.J. — Regional investment firm DH Property Holdings has acquired a 55,000-square-foot vacant industrial building in Swedesboro, located in Southern New Jersey. The building sits on a 14.7-acre site at 509 Heron Drive and features a clear height of 22 feet, five loading docks, four drive-in doors, 130-foot truck court depths, 60 car parking spots and three acres of fenced storage space. Jonathan Klear of NAI Mertz, along with Ian Richman & Marc Isdaner of Colliers, brokered the off-market deal. The seller was not disclosed.
WHEAT RIDGE, COLO. — Evergreen Devco has completed the disposition of Outlook Table Mesa, an apartment community at 4051 Clear Creek Drive in Wheat Ridge. FJ Management acquired the asset for $97 million. Situated within Clear Creek Crossing, Outlook Table Mesa offers 250 apartments with quartz countertops, wood-looking floorings, oversized windows, tall ceilings, stainless steel kitchen appliances, full-size washers/dryers and designer selected lighting fixtures. Community amenities include a clubhouse with a business lounge, fitness center, electric vehicle charging stations and a secure mail room with package lockers and a dedicated space for oversized deliveries. Additional amenities include a resort-style pool with a swim-up bar and spa, fire pits, barbecue stations, a dog park, pet spa and multiple shade structures and game areas. Dave Martin and Brian Mooney of Northmarq’s Denver office negotiated the sale on behalf of Evergreen.
PORTLAND, ORE. — Merrill Gardens, a senior living owner and operator, has added three communities to its Oregon portfolio. Located in metro Portland, the properties include Merrill Gardens at Cedar Mill, Merrill Gardens at Sherwood and Merrill Gardens at Hillsboro. Merrill Gardens acquired the communities as part of a joint venture with PGIM. An ownership group led by Rembold sold the Cedar Mill and Sherwood properties. Built in 2016, Merrill Gardens at Cedar Mill in Portland totals 163,975 square feet with 147 independent living, assisted living and memory care units. Merrill Gardens at Sherwood, which is located in Sherwood, was built in 2019. The 147,657-square-foot community features 137 apartments with independent living, assisted living and memory care options. Pilar Properties, a sister company of Merrill Gardens that is part of the joint venture with PGIM, developed Merrill Gardens at Hillsboro in Hillsboro. Opened in 2024, the property encompasses 171,732 square feet with 141 independent living and assisted living units. Merrill Gardens will manage and operate each of the communities. The company’s portfolio now comprises 61 seniors housing properties across 16 states.
NEW YORK CITY — Moda Operandi has signed a 30,000-square-foot industrial lease in Queens. The online fashion retailer is taking space on the third floor of the 157,000-square-foot, newly renovated building at 58-30 Grand Ave. in the Maspeth neighborhood, which is known locally as the Pearl Building. Rico Murtha, Helen Paul, Joe Hentze Jr. and Sonny Singh of Cushman & Wakefield represented the landlord, The Davis Cos., in the lease negotiations. Owen Hane of JLL represented the tenant.
ROSEVILLE AND ELK GROVE, CALIF. — Two new retail centers designed by Los Angeles-based Nadel Architects have opened in the metro Sacramento area. The properties are West Roseville Marketplace in Roseville and Laguna Reserve Marketplace in Elk Grove. West Roseville Marketplace totals 74,000 square feet and is anchored by a 55,592-square-foot Safeway store. Additional tenants at the center include McDonald’s, Starbucks Coffee, Bank of America and Mountain Mike’s Pizza. Laguna Reserve Marketplace, which comprises 57,000 square feet, is also anchored by Safeway.