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CaliforniaIndustrialWestern

National Distribution Centers Leases 864,000 SF at Perris Distribution Center

by Nellie Day

PERRIS, CALIF. — National Distribution Centers has leased an 864,000-square-foot industrial facility within the Perris Distribution Center. The cross-dock distribution facility is situated on 43.2 acres within the Perris Valley Commerce Center in Perris. The center is bordered by Nance and Markham streets, as well as by Webster and Indian avenues. It is slated for completion in early October. Perris Distribution Center will feature energy-efficient LED lighting, solar panels and electric vehicle charging stations. Cushman & Wakefield represented National Distribution Centers, while NKF’s Mark Kegans and Ron and Dean Washle represented the owner and developer, Industrial Property Trust, in this transaction.

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MultifamilyTexas

Marcus & Millichap Brokers Sale of 980-Unit Multifamily Portfolio in Metro Houston

by Taylor Williams

PASADENA, TEXAS — Marcus & Millichap has brokered the sale of two multifamily properties totaling 980 units in the Houston metro of Pasadena. The 514-unit Alta Vista and the 468-unit Las Villas are both located near Port Houston, with access to State Highway 225, the Sam Houston Tollway and Interstate 45. Both properties were built in 1970 and renovated between 2012 and 2015. Jeffrey Fript and Christian Mazzini of Marcus & Millichap represented the seller, Empire Square Group, a New York-based private equity firm, in the transaction. Fript procured the buyer, an undisclosed multifamily operator based in Houston.    

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MultifamilyTexas

ArborCrowd Offers Investors Shares in $40.8M Multifamily Deal in San Antonio

by Taylor Williams

SAN ANTONIO — Online commercial real estate firm ArborCrowd has offered investors an opportunity to own equity interests in Quarry Station Apartments, a 306-unit multifamily community in San Antonio’s Alamo Heights neighborhood. The total capitalization of the deal is $40.8 million, with ArborCrowd raising $3.2 million in equity and projecting a return of 16 to 19 percent across a two- to four-year hold period. As part of the deal, the current owner will invest in upgrades to the property’s interiors and exteriors. ArborCrowd is a crowdfunding real estate investment organization that is part of the Arbor family of companies, including Arbor Realty Trust, Arbor Commercial Mortgage and AMAC.

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RetailTexas

Results Physiotherapy to Open Four Locations in Greater Houston

by Taylor Williams

HOUSTON — Results Physiotherapy, a Tennessee-based physical therapy operator with more than 130 clinics across nine states, will soon open four new locations in the Houston area. The new clinics will be located at 2900 Weslayan St. in River Oaks; at Market Town Center in Sugar Land; at Town Square Shopping Center on the city’s west side; and at 4660 Beechnut St. in Meyerland. Jamie Weaver of EDGE Realty Partners represented Results Physiotherapy, which will now operate eight locations in the Houston area, in all lease negotiations. .

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RetailTexas

Conn’s Home Plus to Open 45,000 SF Location in Killeen, Texas

by Taylor Williams

KILLEEN, TEXAS — Conn’s Home Plus, a furniture and home appliances retailer based in The Woodlands, will open a 45,000-square-foot location in Killeen, roughly midway between Austin and Waco. The store will be situated within Wendland Plaza, a 192,322-square-foot retail center located at the corner of State Highway 190 and Fort Hood Street. Grant Gary and Dan Rebensdorf of The Woodmont Co. represented the landlord in the lease negotiations.  

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IndustrialTexas

Colliers Arranges Sale of 24,080 SF Warehouse in Metro Dallas

by Taylor Williams

FARMERS BRANCH, TEXAS — Colliers International has arranged the sale of a 24,080-square-foot warehouse located at 3225 Garden Brook Drive in the Dallas metro of Farmers Branch. Lizzy Blake and Brad Balke of Colliers represented the seller in the transaction. Stonelake Capital Holdings IV LLC purchased the asset for an undisclosed price.

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Mixed-UseMultifamilyNew YorkNortheastRetail

Greater Jamaica Development Selects Developer for 500,000 SF Mixed-Use Project in Queens

by Amy Works

NEW YORK CITY — The Greater Jamaica Development Corp. has selected a joint venture between BRP Cos. and Wharton Properties to purchase and develop a site located at 90-02 168th St. in the Queens’ neighborhood of Jamaica. The open-air parking lot will become an approximately 500,000-square-foot development with more than 300 mixed-income residential units and more than 70,000 square feet of retail space. Construction is slated to begin in the second half of 2018.

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MultifamilyNortheastPennsylvania

J.G. Petrucci Co. Opens 151-Unit Residential Community in Warminster, Pennsylvania

by Amy Works

WARMINSTER, PA. — J.G. Petrucci Co. has opened Jacksonville Station, a 151-unit apartment community located at 375 Jacksonville Road in Warminster. The eight-building property features 74 one-bedroom and 77 two-bedroom apartment units with high ceilings, stainless steel kitchen appliances, quartz countertops and in-unit washers/dryers. Situated on 10 acres, the multifamily complex features on-site surface parking, a state-of-the-art fitness center, resort-style swimming pool and resident clubhouse with flat-screen televisions, couches and meeting spaces.

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IndustrialNortheastPennsylvania

TCC, Allstate Break Ground on 440,504 SF Speculative Warehouse in Hazle Township, Pennsylvania

by Amy Works

HAZLE TOWNSHIP, PA. — Trammell Crow Co. and its partner, Allstate, through real estate investment manager CBRE Global Investors, have broken ground for Humboldt East Trade Center, a speculative warehouse building located within Humboldt Industrial Park in Hazle Township. The 440,504-square-foot building will feature 36-foot clear heights, employee and trailer parking, and a flexible design that can accommodate multiple tenants with separate entrances. Completion is slated for the first quarter of 2018. Sean Bleiler and Bill Wolf of CBRE are handling project leasing and marketing.

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