Sunday, July 13, 2025
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Bldg1-Tripoint-Logistics-Center-Lathrop-CA
AcquisitionsCaliforniaIndustrialWestern

Dermody Acquires 1.1 MSF Wayfair-Occupied Industrial Building at Tripoint Logistics Center in Lathrop, California

by Amy Works

LATHROP, CALIF. — Dermody has purchased Tripoint Logistics Center Bldg. 1, a Class A industrial building in Lathrop. Terms of the acquisition were not disclosed. The 1.1 million-square-foot property is situated on 49.6 acres within a 300-acre master planned logistics park. Wayfair, an e-commerce company, occupies the cross-dock facility that features drive-around access and 40-foot clear heights. Wayfair uses the facility to distribute to all of its North American warehouses. Rebecca Perlmutter and Tom Davis of CBRE brokered the transaction.

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The-Glen-Heather-Farm-Walnut-Creek-CA
CaliforniaDevelopmentMultifamilySeniors HousingWestern

Continuing Life Underway on 354-Unit Seniors Housing Community in Walnut Creek, California

by Amy Works

WALNUT CREEK, CALIF. — Continuing Life LLC is currently underway on the development of The Glen at Heather Farm, a new seniors housing community in Walnut Creek. Upon completion, the property will total 354 units in the form of both apartments and single-story homes. In addition to independent living, the community will offer assisted living and memory care services, as well as long-term care options at an adjacent health center. Amenities at the property will include multiple dining venues, a health spa, aquatic center, theaters and pickleball and tennis courts.  The Glen at Heather Farm is scheduled to open in late 2027 or early 2028.

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70-Central-Lofts-Jersey-City
AcquisitionsMultifamilyNew JerseyNortheast

Kislak Arranges $20M Sale of Jersey City Apartment Building

by Taylor Williams

JERSEY CITY, N.J. — Locally based brokerage firm The Kislak Co. Inc. has arranged the $20 million sale of 70 Central Lofts, a 31-unit apartment building in Jersey City. Completed in 2024, the five-story building includes a 32-space parking garage and a 1,696-square-foot retail space, as well as 7,000 square feet of amenity space. Davis Briones of Kislak represented the seller, Legacy Development, in the transaction and procured the buyer, an entity doing business as 70 Central Lofts LLC.

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Super-Radiator-Coils-Mesa-AZ
ArizonaDevelopmentIndustrialOfficeWestern

Brinkmann Constructors Completes 150,000 SF Office, Manufacturing Facility for Super Radiator Coils in Mesa, Arizona

by Amy Works

MESA, ARIZ. — Brinkmann Constructors has completed a build-to-suit office and manufacturing facility in Mesa for Super Radiator Coils. Founded in 1928, the family-owned engineering and manufacturing company specializes in industrial heat exchangers and ancillary products used in a variety of applications, including power generation, gas compression, HVAC, industrial refrigeration, data center and electronics cooling, wind tunnels and semiconductor manufacturing. Designed by Ware Malcomb, the 150,000-square-foot property includes 18,000 square feet of Class A office uses, an engineered clean room area and the capacity to expand by another 50,000 square feet. The facility’s fully air conditioned manufacturing area is equipped with extra-thick cement flooring to accommodate an array of specialized machinery, overhead cranes and above-ground testing tanks. The facility features individual employees lockers, a large break room on the main floor and a coffee bar/quick mart. Additionally, the 11-acre site is equipped with EV charging stations and the structure design incorporates the correct roof loading and electrical infrastructure to accommodate future solar panel installation.

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Bank-of-America-Upland-CA
AcquisitionsCaliforniaRetailWestern

Faris Lee Investments Negotiates $6.1M Sale of Bank of America-Occupied Retail Property in Upland, California

by Amy Works

UPLAND, CALIF. — Faris Lee Investments has arranged the sale of a retail property situated on 1.9 acres in Upland. An Atlanta-based family private office sold the asset to the tenant, Bank of America, for $6.1 million, or $653 per square foot. Bank of America has occupied the 9,348-square-foot building since 1969 and used its right of first refusal to purchase the property, which is located on Foothill Boulevard and Mountain Avenue. Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee Investments represented the seller, while Cushman & Wakefield represented the buyer in the deal.

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AcquisitionsColoradoIndustrialRestaurantRetailWestern

Unique Properties Arranges $1.2M Sale of Two-Building Property in Englewood, Colorado

by Amy Works

ENGLEWOOD, COLO. — Unique Properties / TCN Worldwide has arranged the sale of 3142 W. Hampden Avenue, a two-building commercial property in Englewood. Anthony of Big Time Properties LLC sold the asset to an undisclosed buyer for $1.2 million. Situated on a half-acre of outdoor storage-zoned land, the asset features a 2,250-square-foot metal warehouse built in 2023 with two drive-in doors and a 1,916-square-foot brick structure built out as a bar. Sam Leger, Jack Gitlin and Graham Trotter of Unique Properties / TCN Worldwide represented the seller in the deal.

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AcquisitionsMixed-UseNew YorkNortheast

Marcus & Millichap Brokers $6.2M Sale of Brooklyn Mixed-Use Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $6.2 million sale of a 17,934-square-foot mixed-use building in the Williamsburg neighborhood of Brooklyn. The three-story building at 167 N. 9th St. consists of 10 residential units and four commercial spaces. Shaun Riney and Michael Salvatico of Marcus & Millichap represented the seller and procured the buyer, both of which were local private investors that requested anonymity, in the transaction.

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IndustrialLeasing ActivityMassachusettsNortheast

Hunneman Negotiates 70,872 SF Industrial Lease in Methuen, Massachusetts

by Taylor Williams

METHUEN, MASS. —Hunneman has negotiated a 70,872-square-foot industrial lease in Methuen, located along the Massachusetts-New Hampshire border. The tenant, CMC North America, a provider of sales and distribution services for aerial work platforms, will consolidate its regional footprint and headquarters via occupancy of the entire building at 200 Danton Drive, which includes 20,663 square feet of office space. Ken Oppenheim of Hunneman represented CMC North America in the lease negotiations.

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Leasing ActivityNew YorkNortheastOffice

ElderServe Health Signs 14,551 SF Office Lease Renewal in Brooklyn

by Taylor Williams

NEW YORK CITY — Nonprofit organization ElderServe Health has signed a 14,551-square-foot office lease renewal in the Midwood area of Brooklyn. The space is located on the second floor of the building at 1630 E. 15th St., which was constructed in 2006. Bert Rosenblatt, Peter Sabesan and Alex Gerome of Cresa represented the tenant, which does business as RiverSpring Health Plans, in the lease negotiations. Mike Taylor represented the landlord, Lincoln Property Co., on an internal basis.

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Conference CoverageFeaturesStudent HousingTexasTexas & Oklahoma Feature Archive

InterFace: Today’s Successful Student Housing Developments Pair Great Site Selection with Efficient Design

by John Nelson

AUSTIN, TEXAS — It’s no secret that finding and entitling sites and procuring development financing has been challenging over the past few years. But Kevin Kazlow, director of capital markets with JLL, who moderated one of the development panels at this year’s InterFace Student Housing conference in Austin, Texas, believes there is lots to be excited about for the year ahead. Chief among them is the fact that the amount of capital allocated to alternative asset classes like student housing has doubled since 2018.  “This group of panelists alone has a combined pipeline of about 40,000 beds under development, which is an incredibly impressive statistic and speaks to the continued demand for new student housing projects,” said Kazlow. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The first step in the development process is securing a great site, which Brandt Stiles, principal with Subtext, considers part of his firm’s ‘secret sauce.’ “We have a really high expectation for our team to find super high barrier to entry, hard to entitle, fortress sites and for us, it’s all about being …

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