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Village-on-the-Park-Plano
AcquisitionsMultifamilySeniors HousingTexas

CBRE Arranges Sale of 366-Unit Seniors Housing Portfolio in Dallas Area

by Taylor Williams

DALLAS — CBRE has arranged the sale of a portfolio of four seniors housing properties in the Dallas metro area. The names of the recently rebranded properties in the portfolio are Village on the Park Plano, Village on the Park Denton, Village on the Park Stonebridge Ranch and Village on the Park McKinney. All properties were built between 2014 and 2017 and offer assisted living and memory care services. The buyer is a joint venture between Artemis Real Estate Partners and Bridgewood Property Co. The seller and sales price were not disclosed. John Sweeny, Aron Will and Garrett Sacco of CBRE brokered the deal.

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AcquisitionsIndustrialTexas

GID Acquires 299,000 SF Industrial Property in Northwest Houston

by Taylor Williams

HOUSTON — Alternative investment management firm GID has acquired Beltway Northwest, a 299,000-square-foot industrial property in Houston. Built in 2007, the five-building development features 17- to 24-foot clear heights, 62 dock high doors and 18 drive-in doors. Beltway Northwest was fully leased to 17 tenants at the time of sale. The seller and sales price were not disclosed. Transwestern has been appointed as the leasing agent.

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DevelopmentIndustrialTexas

Glazer’s Beer & Beverage Opens 250,000 SF Distribution Center in Weslaco, Texas

by Taylor Williams

WESLACO, TEXAS — Glazer’s Beer & Beverage has opened a 250,000-square-foot distribution center in the Rio Grande Valley city of Weslaco. The wholesale alcoholic beverage distributor is the anchor tenant of Mid Valley International Industrial Park, a 122-acre master-planned development by the Weslaco Economic Development Corp. The project is ultimately expected to add about 200 new jobs to the local economy at full operational capacity.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 176,779 SF Office Building in West Houston

by Taylor Williams

HOUSTON — JLL has brokered the sale of 777 Post Oak Boulevard, a 176,779-square-foot office building located in the Galleria/Uptown area of West Houston. The nine-story building, which was 70 percent leased at the time of sale, was most recently renovated in 2021. Kevin McConn and Marty Hogan of JLL represented the undisclosed seller in the transaction. Fertitta Entertainment Inc., which is owned by Houston Rockets owner Tillman Fertitta, purchased the asset for an undisclosed price.

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Leasing ActivityRetailTexas

Big Air Trampoline Park Signs 35,311 SF Retail Lease in Metro Houston

by Taylor Williams

CYPRESS, TEXAS — Big Air Trampoline Park has signed a 35,311-square-foot retail lease at Cypress Landing Shopping Center on the northwestern outskirts of Houston. The space formerly housed a Gold’s Gym. Jason Gaines of locally based brokerage firm Sturbridge Commercial Real Estate represented the undisclosed landlord in the lease negotiations. R.J. Mohindra of FEC Real Estate represented Big Air, which now operates 15 facilities across the country and plans to open another 30. The opening is slated for May.

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Twin-River-Commons-Binghamton
LoansMultifamilyNew YorkNortheastStudent Housing

TSB Capital Advisors Arranges Refinancing of Twin River Commons Near SUNY Binghamton

by Taylor Williams

BINGHAMTON, N.Y. — TSB Capital Advisors has arranged a loan of an undisclosed amount for the refinancing of Twin River Commons, a 371-bed student housing property located near the State University of New York (SUNY) at Binghamton campus. The floating-rate loan was secured on behalf of the borrower, Chicago-based Harrison Street. The community offers units in studio through four-bedroom configurations with bed-to-bath parity. Shared amenities include a fitness center, clubhouse, fireplace lounge with billiards and games, package lockers and an outdoor courtyard and kitchen. The direct lender was not disclosed.

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DevelopmentHealthcareNew JerseyNortheast

Atkins Cos. Begins Renovation of 70,140 SF Healthcare Building in Washington Township, New Jersey

by Taylor Williams

WASHINGTON TOWNSHIP, N.J. — New Jersey-based Atkins Cos. has begun renovation of a 70,140-square-foot healthcare building in Washington Township, about 20 miles south of Philadelphia. The project team will convert a former fitness club into 33,000 square feet of clinical healthcare space on the ground floor and 7,000 square feet of leasable space on the second floor. All common areas will be upgraded with new lighting, ceilings, flooring, paint/wallcovering, furniture and artwork. Atkins will also upgrade building signage, entry points and security systems. Completion is slated for this summer.

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DevelopmentMichiganMidwestMultifamilySeniors Housing

REDICO Opens 132-Unit Independent Living Community in Haslett, Michigan

by Kristin Harlow

HASLETT, MICH. — REDICO has opened American House Meridian, a 132-unit independent living community in Haslett, an eastern suburb of Lansing. The project team included Cunningham-Limp Development Co. and Banko Design. The four-story property is located at 1673 Haslett Road. Amenities include a fitness center, movie theater room, café, game room and Paul Mitchell salon. The Therapy Institute, a physical, occupational and speech therapy company, is moving into the lower-level retail space in June. Prior to opening, 50 of the community’s units were leased.

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DevelopmentIndustrialMidwestMissouri

Contegra Construction Completes 220,000 SF Production Facility for AZZ Precoat Metals in Missouri

by Kristin Harlow

WASHINGTON, MO. — Contegra Construction Co. has completed a 220,000-square-foot production facility for AZZ Precoat Metals in Washington, about 50 miles west of St. Louis. The tenant is currently installing equipment and expects to begin production at the facility in 2025. The property at 901 Waterman Drive is the first within the 115-acre Oldenburg Industrial Park. The new plant will augment AZZ’s current production capabilities for customized steel, aluminum and galvanized metal coils used in containers, buildings, housing, automobiles, product storage, appliances and HVAC. The facility features a 212,000-square-foot production zone and 8,000 square feet of office space. The production zone is served by three 30-ton overhead cranes and advanced equipment for preparing, coating, slitting and packaging aluminum coils. The property features eight loading dock bays and six drive-through bays. Joining Contegra on the project team were Vision Electric (electrical), Jarrell Mechanical Contractors (HVAC), O.J. Laughlin Plumbing Co. Inc. (plumbing) and Musselman & Hali Contractors (concrete). Contegra served as the designer and builder.

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IndianaLeasing ActivityMidwestRetail

The Picklr to Open 30,000 SF Location in Indianapolis, Expand Throughout Metro Area

by Kristin Harlow

INDIANAPOLIS — The Picklr, an indoor pickleball franchise, is slated to open its first Indiana location this summer. The Picklr Indianapolis Keystone Crossing club, located at 3810 E. 82nd St., will be the first of more than five locations to open in the greater Indianapolis area. The 30,000-square-foot facility will feature 10 indoor courts, a full pro shop, private event space, unlimited league play, tournaments, youth academies and open play. Dave Gilreath and Ron Brock, local Indianapolis businessmen, are managing partners of Pickle Indy LLC and franchise owners of The Picklr Indianapolis Keystone Crossing.

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