HALTOM CITY, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of a 41,780-square-foot industrial flex building in Haltom City, located north of Fort Worth. The facility at 2525 Minnis Drive formerly housed the manufacturing operations of Sunair Products. The seller was First Sunday Property Management Group, and the buyer was steel and aluminum products manufacturer Flannery Inc. Luke Clardy of Bradford brokered the deal.
IRVING, TEXAS — Barcel USA, a local snackmaker, has signed a 24,178-square-foot industrial lease in Irving. The space is located within Building II of Freeport Business Park. John Paul Floyd of CBRE represented the tenant in the lease negotiations. Andrew Gilbert, Keaton Brice and Jon Skidmore of Holt Lunsford Commercial represented the landlord, Dallas-based ATCAP Partners.
NEW CITY, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $33.2 million in financing for a 128,801-square-foot shopping center in New City, located about 40 miles north of New York City. Anchored by grocer ShopRite, New City Center is a recently renovated property that is also home to tenants such as Sakura Japan, Bank of America and Smoothie King. Dev Morris, Allison Villamagna, Brandon Szwalbenest and Andrew Stewart of Cronheim arranged the loan, which carries a three-year term with two one-year extension options, through Voya Investment Management. The borrower was a joint venture between KABR Group and BTF Capital Fund.
LYNN, MASS. — MassDevelopment has provided $29 million in tax-exempt bond financing for a 150-unit affordable seniors housing project in Lynn, located northeast of Boston. The financing will support construction of 105 units for the project at 500 Lynnfield St., which is being developed by an affiliate of 2Life Communities. The development will consist of three buildings with 138 one-bedroom units and 12 two-bedroom units that will be reserved for renters earning between 30 and 60 percent of the area median income. Eastern Bank purchased the bond.
EDISON, N.J. — JLL has brokered the $24.5 million sale of a 5.5-acre industrial service facility in the Central New Jersey community of Edison. The facility at 76 National Road features a 25,000-square-foot warehouse with a clear height of 16 feet, four dock doors and two drive-in doors. Jason Lundy, Nicholas Stefans and Luke Ceccoli of JLL represented the seller, K Group, in the transaction. Michael Klein, Max Custer, Kevin Badger and Matthew McManus, also with JLL, arranged an undisclosed amount of acquisition financing through an unnamed regional bank on behalf of the buyer, regional owner-operator Ridgecut Road.
NEW YORK CITY — The Hudson Cos. Inc. and its affiliate, Broadway Builders LLC, have signed an 18,200-square-foot office lease in Manhattan’s Flatiron District. The joint tenancy will occupy the entire 12th floor at 902 Broadway under an 11-year lease. Benjamin Waller and Daria Ghasemi of ABS Partners Real Estate represented the tenants in the lease negotiations. Max Koeppel of Koeppel Rosen represented the landlord on an internal basis.
BLACKSBURG, S.C. — NAI Earle Furman has negotiated the sale of approximately 425 acres located at 998 Blacksburg Highway in Blacksburg, a city in Upstate South Carolina’s Cherokee County. Brian Hammond, Scout Hammond, Richard Heatly and Alec Moncini of NAI Earle Furman represented the unnamed land seller in the transaction. Situated within Bailey Industrial Park, the site will serve as the future home of a $1.2 billion magnet and refined metals manufacturing plant for USA Rare Earth Inc., a publicly traded leader in rare earths, minerals and advanced materials manufacturing and refinement. The project is the first facility in South Carolina for the manufacturer, which plans to create 490 jobs with the development at full build-out. Engineering work and equipment procurement for the Blacksburg facility is underway, with site work expected to commence in the coming months and commissioning targeted to begin in 2028. The facility will support USA Rare Earth’s magnet manufacturing campus in Stillwater, Okla., and its processing sites in Colorado and Texas.
GAINESVILLE, VA. — Newmark has arranged $975 million in financing for Project Helios, a newly delivered data center development in Northern Virginia. According to national media reports, the data center project is situated within the Gainesville Data Center campus in Prince William County. Jordan Roeschlaub, Christopher Kramer, Chris Lozinak, John Caraviello, Ryan Bub, Andrew Warin and Phil O’Bannon of Newmark arranged the financing through Blue Owl Capital on behalf of the borrower, a joint venture between Affinius Capital and Corscale Data Centers. Project Helios was fully leased at the time of financing to an unnamed cloud service provider under a long-term lease, according to Newmark.
FORT LAUDERDALE, FLA. — Dalfen Industrial has acquired a nine-building industrial portfolio in South Florida’s Broward County totaling 419,253 square feet. The Dallas-based investment and development firm purchased the properties at 55 percent replacement cost. The portfolio was 83 percent leased at the time of sale to tenants including FedEx, Event Service Group Realestate LLC, Chromalloy Material Solutions LLC and Commercial Distribution Specialists Inc. The properties offer direct access to I- 95 and the Florida Turnpike, as well as proximity to Port Everglades and Fort Lauderdale-Hollywood International Airport. The seller and sales price were not disclosed.
CARY, N.C. — Mesa West Capital has provided a $29.7 million acquisition loan for The Ellery of Cary, a 194-unit apartment community located at 100 Hempstead Court in Cary, a suburb of Raleigh. Trevor Brotman, Tricia Linden and Kara Profitt of Walker & Dunlop’s Irvine, Calif., office arranged the five-year, non-recourse loan on behalf of the borrower, McDowell Properties. The seller and sales price were not disclosed. Built in 1988 on nearly 19 acres, The Ellery of Cary offers a mix of one- and two-bedroom floorplans averaging 875 square feet in size. Amenities include a swimming pool with a sundeck, 24-hour fitness center, dog park, outdoor courtyard with fire pits and grills and walking trails with direct access to the Black Creek Greenway.
