Property Type

Constellation-Rock-Island-Logistics-Center-Grand-Prairie

Constellation Real Estate Breaks Ground on 286,700 SF Spec Industrial Project in Grand Prairie, Texas

by Taylor Williams June 10, 2025

GRAND PRAIRIE, TEXAS — Constellation Real Estate Partners has broken ground on a 286,700-square-foot speculative industrial project in Grand Prairie, located roughly midway between Dallas and Fort Worth. Designed by Meinhardt Associates, Constellation Rock Island Logistics Center will be situated on a 16.8-acre site and will feature 36-foot clear heights and 80 trailer parking spots. The building will also be able to accommodate a single or multiple users. Cushman & Wakefield is the leasing agent for the project, construction of which is slated for a second-quarter 2026 completion.

June 10, 2025

Development Industrial Leasing Activity Texas

Arden Group Completes $8M Renovation of North Houston Industrial Property

by Taylor Williams June 10, 2025

HOUSTON — The industrial operating platform of Philadelphia-based investment and development firm Arden Group has completed the $8 million renovation of North Park 34, an 865,000-square-foot industrial property in North Houston. Capital improvements included the full repainting of all building exteriors, the installation of drought-tolerant landscaping and the gutting of 30 vacant suites to create turnkey spaces. These initiatives have helped facilitate 48 leases totaling nearly 252,000 square feet over the past 12 months. Stream Realty Partners leases North Park 34.

June 10, 2025

Industrial Leasing Activity Texas

Packeze LLC Signs 44,883 SF Industrial Lease in West Houston

by Taylor Williams June 10, 2025

HOUSTON — Packeze LLC has signed a 44,883-square-foot industrial lease in West Houston. The provider of custom signs, banners and moving boxes is consolidating its regional footprint within the building at 11335 Clay Road, which according to LoopNet Inc. was built in 2000 and totals 78,175 square feet. Building features include 20-foot clear heights and 10,365 square feet of office space. Darryl Noon and Brian Gammill of Transwestern represented the landlord, a Texas-based limited liability company, in lease negotiations. Lewis Walker of Texas Global Partners represented the tenant.

June 10, 2025

Acquisitions Retail Texas

SRS Real Estate Negotiates Sale of 14,966 SF Retail Strip Center in Frisco

by Taylor Williams June 10, 2025

FRISCO, TEXAS — SRS Real Estate Partners has negotiated the sale of Independence Plaza, a 14,966-square-foot retail strip center in Frisco. Built on 1.9 acres in 2018, the center was fully leased at the time of sale to seven tenants in the food-and-beverage and service industries. Michael Kaplan of SRS represented the seller, a family office that developed the property, in the transaction. The buyer was a Texas-based private investor. Both parties requested anonymity.

June 10, 2025

Development Florida Loans Multifamily Southeast

Grover Corlew Obtains $92M Construction Financing for Mayla Cypress Apartments in Fort Lauderdale

by John Nelson June 10, 2025

FORT LAUDERDALE, FLA. — Grover Corlew, a Boca Raton, Fla.-based developer, has obtained a $92 million construction loan to build Mayla Cypress, a 312-unit apartment community in the Cypress Creek submarket of north Fort Lauderdale. Scott Wadler, Patrick Johnson, Mitch Sinberg, Brad Williamson and Matthew Robbins of Berkadia arranged the three-year construction loan through Affinius Capital. Mayla Cypress is situated on a 3.7-acre site Grover Corlew assembled in 2022. The developer anticipates the project’s completion date will be approximately May 2027. Straticon is the general contractor. Amenities at Mayla Cypress will include a billiards bar with an adjacent speakeasy; a courtyard; resort-style pool with cabanas; two-story, 24-7 fitness center with a cardio mezzanine level and a yoga room; coworking and event/conference space; sundry store; and package rooms. Last year, Grover Corlew completed another Mayla-branded property in nearby Pompano Beach, Fla.

June 10, 2025

Alabama Industrial Loans Southeast

Newmark Arranges $53.5M Refinancing for Blue Origin-Occupied Industrial Facility in Huntsville

by John Nelson June 10, 2025

HUNTSVILLE, ALA. — Newmark has arranged a $53.5 million loan for the refinancing of an approximately 650,000-square-foot industrial property along I-565 and adjacent to Huntsville International Airport. The borrower is White Plains, N.Y.-based Reich Brothers. Blue Origin, an astronautics company founded by Amazon founder Jeff Bezos, fully occupies the facility. The property serves as one of the BE-4 engine testing and manufacturing facilities for Blue Origin. Christopher Kramer, Chris Lozinak and Jordan Roeschlaub of Newmark arranged the financing through Loancore.

June 10, 2025

Georgia Loans Multifamily Southeast Walker & Dunlop

Walker & Dunlop Secures $33M Refinancing for Massell Apartments in Cartersville, Georgia

by John Nelson June 10, 2025

CARTERSVILLE, GA. — Walker & Dunlop has secured a $33 million loan for the refinancing of The Massell, a newly delivered apartment community located at 1230 Joe Frank Harris Parkway in Cartersville, a northwest suburb of Atlanta. Stephen Farnsworth and Hanes Dunn led the Walker & Dunlop team that arranged the loan through ACRE on behalf of the borrowers, Norhaven Partners and Coro Realty. The non-recourse loan features a floating interest rate, five-year term and full-term interest-only payments. The Massell is a 210-unit, garden-style community that features a clubhouse with a coworking area, 24/7 fitness center, resort-style swimming pool with sundeck, grilling stations and a pet park.

June 10, 2025

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers Sale of 135,049 SF Shopping Center in Palm Bay, Florida

by John Nelson June 10, 2025

PALM BAY, FLA. — Marcus & Millichap has brokered the sale of Palm Bay Center, a 135,049-square-foot shopping center located on 12.3 acres at 4707 Babcock St. NE in Palm Bay, a coastal Florida city in Brevard County. The center’s anchor, Publix, has operated at its store since 1978 and has recently extended its lease through 2030. The buyer has agreed to construct a brand-new store for Publix as part of the transaction. Tarek Chbeir of Marcus & Millichap represented the seller, a private investor, in the deal. Both parties requested anonymity, and the sales price was also not released. Chbeir collaborated with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services to market Palm Bay Center.

June 10, 2025

Acquisitions Retail Southeast Virginia

ShopOne, Joint Venture Partners Purchase Food Lion-Anchored Shopping Center in Richmond

by John Nelson June 10, 2025

RICHMOND, VA. — ShopOne Centers REIT Inc., along with joint venture partners Pantheon and an unnamed institutional investment firm, has purchased Staples Mill Plaza, a 70,147-square-foot shopping center located at 9117 Staples Mill Road in Richmond. Regional grocer Food Lion has anchored the center since 1986. Staples Mill Plaza was 94.3 percent leased at the time of sale to tenants including Subway, Pizza Hut and Hair Cuttery. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the seller, Washington, D.C.-based Stavins & Axelrod Properties Inc., in the transaction. Richard Thalhimer, who has leased the property for over 20 years along with Annie O’Connor with Thalhimer’s retail leasing team, also assisted in the sale. This acquisition marks ShopOne’s second property in Virginia and its first in the Richmond metro area. The sales price was not disclosed.

June 10, 2025

Loans Multifamily New York Northeast

JLL Arranges $140M Loan for Refinancing of Long Island Apartment Community

by Taylor Williams June 10, 2025

BAY SHORE, N.Y. — JLL has arranged a $140 million loan for the refinancing of Shoregate, a 418-unit, newly constructed apartment community located in the Long Island community of Bay Shore. The four-story, transit-oriented property houses 334 market-rate units and 84 affordable apartments, as well as 1,650 square feet of retail space. Amenities include a pool and patio area, fitness center, outdoor barbecue stations, dog washing area, a rooftop deck, indoor golf simulator and courts for bocce ball and pickleball. Kellogg Gaines, Geoff Goldstein and Michael Gigliotti of JLL arranged the loan through Truist Financial Corp. on behalf of the borrower, a partnership led by Tritec Real Estate Co.

June 10, 2025

Newer Posts

Older Posts