Property Type

Vesper Holdings Acquires 432-Bed Student Housing Community in Denton, Texas

by Taylor Williams October 11, 2024

DENTON, TEXAS — Vesper Holdings has acquired Midtown 905, a 432-bed student housing community located near the University of North Texas campus in Denton. Built in 2011, the four-story building offers fully furnished units in two-, three- and four-bedroom configurations with bed-to-bath parity. Shared amenities include a clubhouse, pool, game room and a coffee bar. Christopher Epp of Walker & Dunlop represented the undisclosed seller in the transaction. Gregg Wallace of AMA Financial and Geoff Smith of Walker & Dunlop placed acquisition financing for the new ownership, which also plans to invest $1.8 million in capital improvements to the property.

October 11, 2024

Development Life Sciences Texas

Partnership Completes 135,000 SF Life Sciences Project in Northwest Dallas

by Taylor Williams October 11, 2024

DALLAS — A partnership between Montgomery Street Partners and J. Small Investments has completed Bridge Labs at Pegasus Park, a 135,000-square-foot life sciences development in northwest Dallas. The facility is part of Pegasus Park, which is a redevelopment of a 25-acre office campus that originally served as the home of Zale Corp., the parent company of jewelry retailer Zale. Campus amenities include a conference center, brewery, fitness center and outdoor dining and socialization spaces. Perkins + Will designed the project, and Swinerton served as the general contractor. JLL is the leasing agent for the broader campus, which the partnership owns in conjunction with Lyda Hill Philanthropies.

October 11, 2024

Acquisitions Industrial Texas

Younger Partners Arranges Sale of Four-Acre Industrial Development Site in East Fort Worth

by Taylor Williams October 11, 2024

FORT WORTH, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a four-acre industrial development site on the east side of Fort Worth. The site at 2525 Handley Ederville Road offers proximity to both I-820 and State Highway 121 and formerly housed a 150,000-square-foot Advanced Foam Recycling facility. That property was destroyed in a fire in 2021, and the facility was subsequently razed. Michael Ytem of Younger Partners represented the seller, BridgeCap Partners, in the deal. Forrest Cook of Stream Realty Partners represented the buyer, an entity doing business as G-Catch LLC. The sales price and future plans for the site were not disclosed.

October 11, 2024

Leasing Activity Office Texas

PAGEWOOD, Wile Interests Welcome Three New Office Tenants to West Houston Campus

by Taylor Williams October 11, 2024

HOUSTON — A partnership between two locally based firms, PAGEWOOD and Wile Interests, has welcomed three new office tenants to The Quad at Brittmoore, a four-building campus in West Houston that is a redevelopment of a former industrial park. Parker Noble and Matt Asvestas of Stream Realty Partners represented the partnership in all three lease negotiations. Noah Kruger of Savills represented global technology firm Homebase (10,588 square feet) in its lease negotiations, while Derick Perkins of Alpine Partners represented energy technology company Digital Wildcatters (4,829 square feet). Bryant Lach of JLL represented cloud technology services provider Siepe (4,451 square feet).

October 11, 2024

Development Healthcare New Jersey Northeast

Inspira Health Breaks Ground on $240M Medical Center Project Near Philadelphia

by Taylor Williams October 11, 2024

MULLICA HILL, N.J. — Regional provider Inspira Health has broken ground on a $240 million medical center project in Mullica Hill, located outside of Philadelphia in Southern New Jersey. Designed by Array Architects, the five-story building will house 102 beds, boosting the hospital’s overall bed count by nearly 50 percent and increasing Inspira’s footprint to more than 600,000 square feet at the 100-acre Gloucester County campus. The development also includes a separate, one-story overbuild to house Inspira’s maternal health services practice. Other project partners include O’Donnell & Naccarato (structural engineer), Pure PM (project manager), TorconReisz (general contractor) and Highland Associates (MEP engineer). Completion is slated for early 2027.

October 11, 2024

Industrial Loans Northeast Pennsylvania

G.S. Wilcox Arranges $19.1M Loan for Refinancing of Lehigh Valley Warehouses

by Taylor Williams October 11, 2024

HAZLE TOWNSHIP, PA. — New Jersey-based intermediary G.S. Wilcox Co. has arranged a $19.1 million loan for the refinancing of two warehouses in Hazle Township, located in the Lehigh Valley region. The buildings are located within Humboldt Industrial Park and total 220,500 square feet. Wesley Wilcox and Al Raymond of G.S. Wilcox arranged the seven-year, interest-only loan on behalf of the borrower, a partnership between The Lakhani Family Office and Saxum Real Estate. The direct lender was not disclosed.

October 11, 2024

Industrial Leasing Activity Massachusetts Northeast

JLL Negotiates 32,493 SF Industrial Lease in Wilmington, Massachusetts

by Taylor Williams October 11, 2024

WILMINGTON, MASS. — JLL has negotiated a 32,493-square-foot industrial lease in the northern Boston suburb of Wilmington. The user, an unnamed snack food company, is taking space at Upton Crossing, a 215,000-square-foot campus. Joe Fabiano, James Lipscomb, Jordan Yarboro and Brian Tisbert of JLL represented the landlord, The Davis Cos., in the lease negotiations. Bart Anderson and Juliana Fiore of CBRE represented the tenant.

October 11, 2024

Leasing Activity New York Northeast Office

Customers Bank Signs 24,600 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams October 11, 2024

NEW YORK CITY — Customers Bank has signed a 24,600-square-foot office lease expansion in Midtown Manhattan. The bank holding company is taking an additional full floor at 101 Park Avenue, a 1.3 million-square-foot building. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co., in the lease negotiations. Customers Bank, which now occupies 37,000 square feet at the property, was self-represented.

October 11, 2024

Leasing Activity New York Northeast Office

Forchelli Deegan Terrana Opens 3,000 SF Office in Hauppauge, New York

by Taylor Williams October 11, 2024

HAUPPAUGE, N.Y. — Forchelli Deegan Terrana LLP has opened a new, 3,000-square-foot office in the Long Island community of Hauppauge, the first for the New York-based law firm outside of its Uniondale headquarters. According to LoopNet Inc., the 210,000-square-foot building at 100 Motor Parkway was originally constructed in 2006 and renovated in 2020. JLL represented Forchelli Deegan Terrana in the lease negotiations. Damianos Realty Group owns the building.

October 11, 2024

California Development Office Western

CIM Group Delivers 55,673 SF Creative Office Building in Los Angeles

by Amy Works October 11, 2024

LOS ANGELES — CIM Group has completed construction of a three-story creative office building at 3000 Crenshaw Blvd. in Los Angeles. The 55,673-square-foot building offers flexible design options with 12.5-foot ceiling heights and large operable windows. The property offers two levels of below-grade parking, a variety of outdoor spaces, including private balconies on all floors, glass garage doors opening to a private outdoor patio on the third floor and a communal landscaped rooftop deck.

October 11, 2024

Newer Posts

Older Posts