MALVERN, PA. — Newmark has arranged an office headquarters lease renewal and extension in Malvern, a western suburb of Philadelphia. The square footage was not disclosed. The tenant is building materials supplier Saint-Gobain, and the space is located within the buildings at 18-20 Moores Road. Craig Scheuerle of Newmark represented Saint-Gobain in the lease negotiations. The landlord, a partnership between Dubai-based Arzan Wealth and Chicago-based 90 North Real Estate Partners, was self-represented.
SALEM, N.H. — Simon Property Group has welcomed several new tenants to The Mall at Rockingham Park, a 1 million-square-foot shopping and dining destination located about 30 miles north of Boston in Salem. Jeweler Gorjana, athleisure retailer lululemon and activewear brand OFFLINE by Aerie all opened stores in recent weeks, while Rowan, a provider of ear piercing services, is also set to open soon. Simon has also announced updates to the mall’s 160,000-square-foot casino, which is slated to debut in mid-2027.
NEW YORK CITY — MTS Health Partners has signed a 29,166-square-foot office lease in Midtown Manhattan. The financial advisory and brokerage firm for the healthcare industry will occupy the entire 34th floor at 1185 Avenue of the Americas, a 42-story building. Stephen Siegel and Sinclair Li of CBRE represented the tenant in the lease negotiations. Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark represented the landlord, SL Green.
LOVELAND, COLO. — Denver-based real estate investor and developer Realberry has begun vertical construction on the retail core of Avenue South, a 140-acre mixed-use project within the Centerra community in Loveland, 46 miles north of Denver. The development will create a walkable district integrating retail, office, dining and thousands of new homes at the intersection of I-25 and U.S. Highway 34. Approved by the City of Loveland in 2023, Avenue South will extend miles of trails and open space while introducing large-scale retail, dining and gathering places to keep pace with neighborhood growth, says Realberry. Plans for the retail core include 18 restaurants, 33 retailers and the first Whole Foods Market store in Loveland, located directly adjacent to The Marketplace at Centerra, one of northern Colorado’s largest contiguous shopping centers. A new 3.2-acre park, event lawn and amphitheater known as The Front Porch will anchor the district. At full build-out, Avenue South will feature nearly 2,000 residences, including 475 single-family homes and approximately 1,250 apartments, condos and townhomes. Plans call for 150,000 square feet of office space anchored by a 140,000-square-foot corporate headquarters for general contractor Hensel Phelps, which is relocating from nearby Greeley, Colo. Vertical residential construction is anticipated …
HOUSTON — Constellation Real Estate Partners will develop a 422,452-square-foot industrial project in northwest Houston. Constellation Mills Road will be situated on a 37-acre site at 8175–8225 Mills Road and will consist of one cross-dock building totaling 334,447 square feet and one front-loading building totaling 88,005 square feet. The buildings will feature 32- and 36-foot clear heights and combined parking for 268 cars and 91 trailers. Construction is scheduled to begin in July and to be complete in the second quarter of 2027. Constellation has tapped KBC Advisors as the leasing agent.
HOUSTON — Extended Stay America has opened a 146-room hotel in Houston’s Galleria district. Extended Stay America Suites – Houston – Galleria is a pet-friendly hotel that features suites with fully equipped kitchens, including full-size refrigerators, stovetop microwaves and cookware, as well as dedicated work and dining areas. Communal amenities include a fitness center, grab-and-go market and onsite laundry facilities. An entity doing business as SAI RAM Galleria LLC owns the hotel.
ARLINGTON, TEXAS — NTime Fleet Services has signed a 17,884-square-foot industrial lease in Arlington. The provider of forklift services is taking space at the building at 3211-3227 E. Avenue E, which according to LoopNet Inc. was completed in 1963 and totals 56,500 square feet. Hudson Sheets of Holt Lunsford Commercial represented the tenant in the lease negotiations. Maddy Coffman and Walker Floyd, also with Holt Lunsford, represented the landlord, Taurus Investment Holdings.
HUMBLE, TEXAS — Partners Real Estate has brokered the sale of a 10,350-square-foot industrial building in Humble, a northern suburb of Houston. According to LoopNet Inc., the freestanding building at 19742 Carver Ave. was completed in 2024 and features 18-foot clear heights. Wyatt Huff and Hunter Stockard of Partners represented the seller, Mulla Properties LLC, in the transaction. The buyer, an entity doing business as #1 Tires & Auto Hub, also plans to occupy the building.
BOSTON — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and were custom-designed to house flagship stores of luxury retailers Chanel and Cartier, respectively. The Chanel store spans 10,328 square feet across two stories, and the Cartier store totals 18,942 square feet. Robert Griffin, Geoffrey Millerd and Paul Penman of Newmark represented the seller, ASG Equities, in the transaction. The team also procured the buyer, a joint venture between Acadia Realty Trust and Osiris Ventures. Alex Foshay, Victoria Radman, Casey O’Brien and Christian Reenstierna, also with Newmark, provided support on the deal.
NEWARK, N.J. — New York City-based Dwight Capital has provided a $110 million HUD-insured loan for the refinancing of 55 Union, a 12-story apartment building in Newark’s historic Ironbound neighborhood. Designed by Minno & Wasko Architects & Planners and completed in 2023, 55 Union offers 403 units in studio, one- and two-bedroom floor plans, as well as 3,222 square feet of commercial space. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a fitness center, business center, clubroom, coffee bar, private dining room, a rooftop garden and outdoor grilling and dining stations. Josh Hoffman and Jonathan Pomper of Dwight originated the debt through HUD’s 223(f) program on behalf of the borrower, J&L Cos.