Property Type

CHARLOTTE, N.C. — Foundry Commercial has negotiated a 14,000-square-foot office lease at Savona Mill, an adaptive reuse of a historic textile mill in Charlotte’s FreeMoreWest neighborhood. John Ball and Claiborne Mulhern of Foundry Commercial represented the owners, Portman Holdings and institutional investors advised by J.P. Morgan Asset Management, in the lease negotiations. Patrick McCoy and Mike Hopper of Newmark represented the tenant, BGW CPA PLLC, a business advisory and accounting firm. Construction is underway on two speculative office suites at Savona Mill totaling 15,000 square feet. Redline designed the suites and Enbloc is overseeing the build-out, which is expected to wrap up this summer. In addition to offices, Savona Mill comprises retail space and amenities including a fitness center, bike storage, conference facilities, an outdoor amphitheater, green spaces, a rooftop deck and a community-centric plaza. Portman Residential also recently delivered Vera at Savona Mill, a 319-unit multifamily development situated adjacent to Savona Mill.

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NEW YORK CITY — A partnership between New York City-based ZG Capital Partners and Miami-based Rialto Capital Management has completed the renovation of Park 53 in Manhattan. The 20-story office building, which is located at 45 E. 53rd St. in the Plaza District, was originally built in 1991. New York City-based architecture firm MdeAs designed the project, which included an expansion and refresh of the lobby, entryway and elevators. In addition, MdeAs collaborated with Vocon to re-program the ground floor with an 8,600-square-foot restaurant with an accompanying wine cellar and private dining area and to design a new amenity space on the second floor.

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NEW YORK CITY — Intuit has signed a 77,000-square-foot office lease expansion at 51 Astor Place in Manhattan’s East Village. The financial technology platform currently occupies the entire third floor at the 400,000-square-foot building. The expansion is for three additional full floors of space, as well as ground-floor retail space, for a total footprint of 115,000 square feet. Paul Glickman, Mitchell Konsker, Benjamin Bass and Cynthia Wasserberger of JLL, along with internal agents Jeffrey Sussman and Matt Pynn, represented the landlord, Edward J. Minskoff Equities, in the lease negotiations. Bart Lammersen, Justin Haber and Kyle Riker, also with JLL, represented Intuit.

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Soltra-Kierland-Scottsdale-AZ

SCOTTSDALE, ARIZ. — Leon Capital Group subsidiary Leon Multifamily has completed the disposition of Soltra Kierland, an apartment property in North Scottsdale, to a private investor for $107.5 million. Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen of CBRE represented the seller in the transaction, which represents the highest price per unit for a multifamily sale in metro Phoenix since 2022. Completed in 2024, Soltra Kierland offers 202 apartments with wood-style flooring, custom built-ins, full-size washers and dryers, walk-in closets, custom cabinetry, walk-in rain showers, stainless steel appliances, eat-in kitchen islands and quartz countertops. Select units offer quartz waterfall island countertops, black stainless steel appliances, gas stoves, an under-counter wine fridge, soaking tubs and floor-to-ceiling bifold patio doors. Community amenities include a pool, spa, sunning decks, fire features, barbecue grills, a corn hole grotto and an entertainment deck, as well as a resident clubhouse with two-story floor-to-ceiling windows and a retro-style speakeasy with beer taps. The property also features a two-story fitness center with cardio and weight training equipment and a yoga terrace; a Soltra cafe Wi-Fi lounge; an off-leash dog park; a climate-controlled dog lounge and pet spa; and electric vehicle charging stations.

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Skye-Apts-Seattle-WA

SEATTLE — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has directed the sale of Skye, an 18-story apartment property in Seattle’s Denny Triangle neighborhood. Terms of the transaction were not released. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of IPA represented the seller and procured the buyer. Built in 1949, Skye has undergone significant building upgrades over the past 10 years and all units were upgraded between 2014 and 2016. The property has a controlled-access parking garage, a rooftop terrace, fenced dog park, walking trails and green lawns. The community offers 371 studio, one- and two-bedroom apartments with new cabinets, quartz countertops, stainless steel or black appliances, and new plumbing and lighting fixtures. Skye also offers 13,300 square feet of ground-level retail space.

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18632-Pony-Express-Dr-Parker-CO

PARKER, COLO. — Trevey Commercial Real Estate has directed the sale of Stagecoach Building, a retail property on 1.7 acres in Parker. Pony Express LLC sold the asset to 18632 Pony LLC for $2.7 million. Located at 18632 Pony Express Drive, Stagecoach Building features 26,000 square feet of retail space. David Marulli of Trevey Commercial Real Estate represented the seller, while James West of Black Diamond Commercial Real Estate represented the buyer in transaction.

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14251-Fern-Ave-Chino-CA

CHINO, CALIF. — Marcus & Millichap has arranged the sale of an industrial property located at 14251 Fern Ave. in Chino. An individual/personal trust sold the asset to an undisclosed owner-user for $2.5 million. Built in 2006, the 6,528-square-foot standalone property features an upgraded roof. Mir Ali, Drew Wetherholt and Kevin Struve of Marcus & Millichap represented the seller and procured the buyer in the deal.

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16345-Foothill-Blvd-Fontana-CA

FONTANA, CALIF. — Raceway Express Car Wash has acquired Foothill Express Car Wash, located at 16345 Foothill Blvd. in Fontana, for an undisclosed price. Originally built in 2018 by the seller, the property features a 3,693-square-foot building with a 120-foot tunnel and 25 vacuum stations. Alex Kogan of Beta Agency represented the seller, while Adam Indihar of Pacific Investments represented the buyer in the deal.

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WOODBURY, MINN. — Kraus-Anderson has completed Washington County’s new $29.6 million Central Service Center located at 1261 Woodlane Drive next to the Woodbury Village shopping center. The project replaces the existing service center at 2150 Radio Drive in Woodbury. The new center, which will open to the public in late summer, will provide easier transportation and transit options for underserved communities. Designed by Alliance Architects, the 31,375-square-foot building will offer services that include licenses, passports, park permits, homestead applications and property tax payments. It will also house the CareerForce center, an elections polling center and will offer services provided by Public Health, Community Services and Community Corrections. Construction began in May 2024.

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CHICAGO — The Apartment Source (TAS), a real estate firm specializing in multifamily leasing, has unveiled the merger of its property management division with Westward360, a provider of real estate property management services for rental property owners and community associations. The merger brings together two companies in the Chicago real estate market. According to a release, Westward360’s reputation in property management will help TAS expand into new Chicago and suburban markets, while Westward360 will broaden its portfolio.

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