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Jefferson-Cedar-Ridge-Dallas
AcquisitionsMultifamilyTexas

Newmark Brokers Sale of 360-Unit Apartment Community in Southwest Dallas

by Taylor Williams

DALLAS — Newmark has brokered the sale of Jefferson Cedar Ridge, a 360-unit apartment community in southwest Dallas that was built in 2024. According to Apartments.com, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, clubhouse, dog park and outdoor grilling stations. Richard Furr, Brian Murphy and Brian O’Boyle Jr. of Newmark represented seller, Dallas-based investment firm TDI, in the transaction. Braden Harmon, Hank Glasgow and Jeff Fein, also with Newmark, arranged acquisition financing for the deal on behalf of the buyer, a partnership between Ashcroft Capital and Pearlmark Real Estate.

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DevelopmentIndustrialTexas

Provident Industrial Breaks Ground on 292,884 SF Project in Round Rock, Texas

by Taylor Williams

ROUND ROCK, TEXAS — Provident Industrial, the industrial division of Dallas-based Provident, has broken ground on Eagle 35, a 292,884-square-foot project in Round Rock, a northern suburb of Austin. Eagle 35 will consist of three buildings, two of which will span 75,790 square feet and feature 28-foot clear heights and a shared 185-foot truck court. Building 3 will total 140,994 square feet and feature 32-foot clear heights. Cushman & Wakefield is the leasing agent for Eagle 35, which is expected to be complete in early 2027.

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AcquisitionsIndustrialTexas

Sagard Real Estate Buys 75,225 SF Warehouse at Port Houston

by Taylor Williams

HOUSTON — Sagard Real Estate, a Denver-based investment firm, has purchased a 75,225-square-foot warehouse located on the Port Houston campus. The warehouse was constructed in 2008 directly across from the port’s Barbour’s Cut Container Terminal. Building features include 28-foot clear heights, a front-load configuration, 130-foot truck court depths and 23 dock-high doors and one acre of dedicated yard space with independent access points. The seller and sales price were not disclosed.

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AcquisitionsNew YorkNortheastOffice

AmTrustRE Completes Acquisition of Midtown Manhattan Office Building for $211M

by Taylor Williams

NEW YORK CITY — Locally based investment and development firm AmTrustRE has completed the acquisition of 260 Madison Avenue, a 22-story office building in Midtown Manhattan, for roughly $211 million. The approximately 570,000-square-foot building was constructed in 1952 and was roughly 68 percent leased at the time of sale. Tenants include Hanesbrands, MGM, Regus, McLaughlin & Stern and Marcus & Millichap. AmTrust plans to invest “significant capital” into interior and exterior improvements to the building. Darcy Stacom and William Herring of Stacom CRE, along with David Ash of Prince Realty Advisors, represented the seller, The Sapir Organization, in the transaction.

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AcquisitionsMultifamilyNew YorkNortheast

Cushman & Wakefield, Pyramid Arrange $31.8M Sale of Multifamily Assets in Cheektowaga, New York

by Taylor Williams

CHEEKTOWAGA, N.Y. — Cushman & Wakefield and Pyramid Brokerage Co. have arranged the $31.8 million sale of U-Crest and Belvedere Manor, two multifamily assets totaling 340 units in Cheektowaga, located just outside of Buffalo. Pillar Real Estate Investors sold the properties to Chopp Holdings. Niko Nicolaou, Ryan Dowd, Peter Welch, J.P. Hohl and Alexandria Russo Ebers of Cushman & Wakefield, in collaboration with Pyramid’s Jonathan Weinstein and Robert Stewart, brokered the deal on behalf of both parties. John Alascio, Brad Domenico, Brian Anderson and Chuck Kohaut of Cushman & Wakefield arranged acquisition financing for the deal.

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100-200-Princeton-South-Corporate-Center
AcquisitionsNew JerseyNortheastOffice

JLL Brokers Sale of Two Office Buildings Totaling 267,830 SF in Ewing, New Jersey

by Taylor Williams

EWING, N.J. — JLL has brokered the sale of 100 and 200 Princeton South Corporate Center, a pair of office buildings totaling 267,830 square feet in Ewing, located just outside of Trenton. The four-story buildings were completed between 2007-2008 as part of a larger, six-building campus and were 52 percent leased at the time of sale to tenants in industries such as finance, insurance, accounting, pharmaceutical and healthcare. Jose Cruz, Jeremy Neuer, Michael Kavaler and Tom Romano of JLL represented the undisclosed, institutional seller in the transaction. The buyer was Hilton Realty Co.

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Bridge-Point-Piscataway
IndustrialLoansNew JerseyNortheast

PPM America Provides $27.1M Bridge Loan for Northern New Jersey Warehouse

by Taylor Williams

PISCATAWAY, N.J. — PPM America Inc. has provided a $27.1 million bridge loan for a 147,210-square-foot warehouse in the Northern New Jersey community of Piscataway. The borrower is Bridge Industrial, and the facility is known as Bridge Point Piscataway. Situated on a 12.8-acre site at 10 Constitution Road, the building features a clear height of 36 feet, 41 dock-high doors, two drive-in doors, 3,000 square feet of office space and parking for 118 cars and 57 trailers. Michael Klein, Jon Mikula and Kevin Badger of JLL arranged the loan.

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Leasing ActivityLife SciencesNortheastPennsylvania

Eli Lilly to Open 44,000 SF Life Sciences Facility in Philadelphia

by Taylor Williams

PHILADELPHIA — Pharmaceutical giant Eli Lilly (NYSE: LLY) will open a 44,000-square-foot life sciences facility in Philadelphia. The space will span the first and second floors 2300 Market Street, an eight-story, 223,000-square-foot building located roughly midway between the University City and Center City districts. Breakthrough Properties, which is a joint venture between New York City-based Tishman Speyer and biotechnology investment firm Bellco Capital, owns 2300 Market Street, and the facility will be known as Lilly Gateway Labs at Breakthrough. An opening date has not yet been announced.

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Valara-Henderson-NV
DevelopmentMultifamilyNevadaSeniors HousingWestern

Investcor Plans 244-Unit Luxury Senior Living Project Near Las Vegas

by Amy Works

HENDERSON, NEV. — Investcor has announced plans for a new, 244-unit luxury senior living project in Henderson, a city located roughly 15 miles southeast of Las Vegas. The City of Henderson is currently reviewing the project plans.  Upon completion, the community, dubbed Valara, will feature independent living, assisted living and memory care residences within one building. Valara will be situated adjacent to a Whole Foods within The District at Green Valley Ranch, a mixed-use development. Planned amenities at the community include a tearoom, whiskey lounge, multiple restaurants and private dining rooms, an indoor/outdoor bar, gardening programs, educational classes, a movie theater, two fitness centers, a steam room and sauna with an outdoor pool, recreation and activity programming and a pet spa.  Development and investment firm Investcor’s current portfolio totals over $1.6 billion in real estate projects across the hospitality, residential, mixed-use and senior living sectors. 

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Hilton-Richmond-The-Mondelle
DevelopmentHospitalitySoutheastVirginia

Shamin Hotels Breaks Ground on $160M Hilton-Branded Hotel, Conference Center in Richmond

by Abby Cox

RICHMOND, VA. — Virginia’s largest hotel owner and operator Shamin Hotels has broken ground on Hilton Richmond The Mondelle, a 270-room full-service hotel and conference center located in Chesterfield County. The $160 million project will anchor Springline at District 60, a $1 billion mixed-use development underway at the intersection of Midlothian Turnpike and Chippenham Parkway. The Mondelle will feature more than 30,000 square feet of meeting space, including a 12,600-square-foot grand ballroom. The 11-story hotel will also include a signature restaurant with outdoor dining, a second-floor indoor/outdoor executive meeting center with a biergarten, a rooftop restaurant and cocktail bar, as well as an infinity pool. Truist Bank provided construction and bond financing for the project, which represents the first full-service hotel and conference center to be constructed in the Richmond market since 2009.

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