SANFORD, FLA. — HLI Partners and Whitley Capital have partnered to develop a 116,000-square-foot industrial facility at the corner of West Airport Boulevard and McCracken Road in Logisticenter at Sanford. The project is a build-to-suit development for game distributer PHD Games, which signed a 10-year lease for the facility and will occupy 81,330 square feet. HLI Partners will market the remaining 34,600 square feet of available space. The new facility will house PHD Games and its sister company, Coqui Hobby, as a consolidation of its two existing locations. The facility is scheduled for occupancy in the second quarter of 2026. Additionally, HLI will lease both of PHD Game’s current properties at 623 Trestle Point (20,716 square feet) in Sanford and 390 S. Ronald Reagan Blvd. (21,881 square feet) in Longwood, Fla.
HUFFMAN, TEXAS — Marcus & Millichap has brokered the sale of Huffman 2100 Storage, a 451-unit self-storage facility located northeast of Houston. Built in 2018 and expanded in 2023, the six-building facility totals 48,550 net rentable square feet of space across 264 climate-controlled units, 172 non-climate-controlled units and 15 outdoor parking spaces. Dave Knobler, Charles LeClaire, Mixson Staffel and Adam Schlosser of Marcus & Millichap represented the seller, a local limited liability company, in the transaction and procured the buyer, an Arizona-based REIT. Both parties requested anonymity.
AUSTIN, TEXAS — Exacta Systems has signed a 15,908-square-foot office lease in North Austin. The South Florida-based gaming and entertainment technology company is taking space on the ground floor of Victory Plaza, a three-story, 93,128-square-foot building. Brent Powdrill, Bethany Perez and Colton McCasland of JLL represented the undisclosed landlord in the lease negotiations. Zach Ellis of Colliers represented the tenant.
DEERFIELD, ILL. — JLL Capital Markets has secured a $45.7 million construction loan and a $9.9 million mezzanine loan for Park5 Luxury Rental Townhomes, a 144-unit build-to-rent community in the northern Chicago suburb of Deerfield. Located just west of I-94, Park5 will feature two- and three-bedroom townhomes averaging 1,953 square feet with two-car attached garages and private yards. Matthew Schoenfeldt and Mary Dooley of JLL secured the senior construction loan through Bank OZK and the mezzanine financing through an insurance company on behalf of the borrower, VennPoint Real Estate. Dan Reynolds and Chris Cummins of JLL consulted on selling the land for $10.2 million on behalf of the seller, Quadrangle.
ALSIP, ILL. — IPA Capital Markets has arranged the refinancing of a two-building industrial portfolio totaling 508,088 square feet in Alsip. The properties are leased to Crown Cork & Seal Co., a subsidiary of Crown Holdings Inc., a designer and manufacturer of steel and aluminum cans. The building at 5555 W. 115th St. serves as the manufacturing site, while the facility at 11535 S. Central Ave. functions as the shipping and receiving site. Frank Montalto and Ethan Splan of IPA arranged the financing through a local credit union on behalf of the borrower, a national investment company. The fixed-rate, nonrecourse loan features a 6.31 percent interest rate, 30-year amortization schedule and 65 percent loan-to-value ratio.
WAUKEGAN, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has acquired a 218,617-square-foot industrial building located at 2431 Delaney Road in the Chicago suburb of Waukegan. Venture One inked a long-term lease with a tenant for 158,743 square feet prior to closing on the property. Constructed in 2014, the facility features a clear height of 30 feet, 28 exterior docks, four drive-in doors, parking for 250 cars and an ESFR sprinkler system. Eric Fischer, Brett Kroner, Keith Puritz and Marc Samuels of Cushman & Wakefield represented the seller, while White Heitman and Jack Fitzpatrick of CBRE represented Venture One and the tenant. Heitman and Fitzpatrick have been retained to market the remaining 60,034 square feet of vacant space. VK Industrial VII is co-sponsored by Venture One Real Estate and Kovitz Investment Group.
ROCHESTER HILLS, MICH. — Marcus & Millichap has brokered the sale-leaseback of a 9,231-square-foot medical office building in Rochester Hills, a northern suburb of Detroit. Located at 2940 Crooks Road and built in 2005, the asset is leased to Stonebrooke Family Physicians. Seth Haron, Darin Gross and Ashish Vakhariya of Marcus & Millichap represented the seller and procured the buyer. The building features 7,431 square feet of clinical space on the first floor and 1,800 square feet of administrative space on the lower level. Stonebrooke Family Physicians provides care for all age groups, with eight providers currently at the facility.
OVERLAND PARK, KAN. — Saladworks, a Pennsylvania-based health restaurant chain, has secured its first Kansas City-area location at the Bluhawk mixed-use development in Overland Park. Grant Summers of Block & Co. Inc. Realtors co-represented the tenant along with Locate AI, a San Francisco-based commercial real estate firm. JLL represented the landlord. Saladworks’ new location will undergo a full build-out and will join other restaurants such as Red Door Woodfired Grill, Tropical Smoothie Café, Jinya Ramen Bar, Freddy’s Steakburgers, Cactus Grill and Andy’s Frozen Custard. Bluhawk features a sports facility, retail, restaurants, entertainment, multifamily, office and healthcare space. Woworks, the parent company of Saladworks, maintains more than 350 stores nationwide. Other Woworks brands include Frutta Bowls, Garbanzo Mediterranean Fresh, The Simple Greek, Barberitos and Z!Eats. Construction on the 2,048-square-foot Saladworks in Overland Park is slated for completion this fall.
NEW YORK CITY — A partnership between two locally based developers, Fetner Properties and Lions Group, has begun leasing The Italic, a 50-story apartment building located at 26-32 Jackson Ave. in the Long Island City area of Queens. Designed by SLCE Architects and built by Hunter Roberts Construction Group, the building houses 363 units in studio, one-, two- and three-bedroom units, with 109 residences designated as affordable housing. Amenities include a communal lounge, fitness center, golf simulators, a basketball court, coworking spaces and a rooftop terrace. The building also houses 20,000 square feet of commercial space. Rents start at approximately $3,800 per month for a studio. Construction topped out in December 2023.
SECAUCUS, N.J. — New Jersey-based financial intermediary G.S. Wilcox & Co. has arranged $15 million in financing for a 100,000-square-foot industrial property located just outside of New York City in Secaucus. The facility was fully leased at the time of the loan closing to a tenant that provides screen printing and labeling services to the apparel industry. Bridget Wilcox of G.S. Wilcox originated the debt. The direct lender and borrower were not disclosed.