Property Type

Affinius Capital Provides $81.3M Loan for Refinancing of Metro Dallas Apartment Community

by Taylor Williams January 16, 2025

RICHARDSON, TEXAS — Affinius Capital has provided an $81.3 million loan for the refinancing of Belt & Main, a 350-unit apartment community located in the northeastern Dallas suburb of Richardson. Belt & Main houses 269 one-bedroom residences and 81 two-bedroom apartments, as well as 17,000 square feet of retail space. Units feature quartz countertops, wood-style flooring, stainless steel appliances, custom cabinetry, floor-to-ceiling windows and full-size washers and dryers. Select units also offer patios and balconies. Amenities include a pool, grilling stations with open-air dining areas, coffee and coworking spaces with Wi-Fi connectivity, onsite storage units and a fitness center. Jeremy Sain of JLL arranged the loan on behalf of the borrower, Catalyst Urban Development.

January 16, 2025

Development Multifamily Texas

Sueba USA Completes 269-Unit Imperial Oaks Square Apartments in Spring, Texas

by Taylor Williams January 16, 2025

SPRING, TEXAS — Locally based developer Sueba USA has completed Imperial Oaks Square, a 269-unit apartment community in the northern Houston suburb of Spring. The site is located within Falls at Imperial Oaks, a 686-acre master-planned development by Holcomb Properties, and is adjacent to the 100-acre Lake Holcomb. Units come in studio, one-, two- and three-bedroom floor plans and range in size from 496 to 1,594 square feet. Amenities include a pool, fitness center, outdoor grilling and dining areas, a dog park, business center and a catering kitchen. Rents start at approximately $1,200 per month for a studio apartment. Construction began in spring 2023.

January 16, 2025

Acquisitions Retail Texas

CBRE Brokers Sale of 157,465 SF Woodlake Square Shopping Center in Houston

by Taylor Williams January 16, 2025

HOUSTON — CBRE has brokered the sale of Woodlake Square, a 157,465-square-foot shopping center in Houston’s Westchase District. Woodlake Square was 80 percent leased to 21 tenants at the time of sale. Grocer Randalls and Walgreens have jointly anchored the center, which was redeveloped in 2010, since the 1970s. Mark Witcher, Jolie Duhon, Chris Cozby, Jim Batjer and Harrison Tye of CBRE represented the seller, Edens, in the transaction. Houston-based investment firm Wu Properties purchased the center for an undisclosed price.

January 16, 2025

Acquisitions Industrial Texas

Provident Industrial Sells 139,000 SF Building in Southeast Houston

by Taylor Williams January 16, 2025

HOUSTON — Provident Industrial, a division of Dallas-based developer Provident, has sold Hall Road Distribution Center, a 139,000-square-foot building in southeast Houston. The newly constructed building is located about 20 miles from both of Port Houston’s main shipping terminals and features 32-foot clear heights, 32 dock doors and two ramps. Provident developed Hall Road Distribution Center in partnership with Junction Commercial Real Estate and Singerman Real Estate. The buyer, local seafood logistics company Ocean Kingdom, will also occupy the property.

January 16, 2025

Industrial Leasing Activity Texas

Southland Industries Signs 62,400 SF Industrial Lease in Selma, Texas

by Taylor Williams January 16, 2025

SELMA, TEXAS — Construction contractor Southland Industries has signed a 62,400-square-foot industrial lease in Selma, a northeastern suburb of San Antonio. The space is located within Corporate Drive Industrial Complex, a newly constructed development that consists of two buildings totaling 511,000 square feet. John Colglazier, Kyle Kennan and Lindsey Tucker of Partners Real Estate represented the landlord, Atlanta-based developer Ackerman & Co., in the lease negotiations. Davis Bass of HPI Real Estate Services & Investments represented the tenant.

January 16, 2025

Acquisitions Massachusetts Multifamily Northeast

Joint Venture Sells 220-Unit Apartment Complex in Plymouth, Massachusetts

by Taylor Williams January 16, 2025

PLYMOUTH, MASS. — A joint venture between Alliance Realty Partners and an undisclosed institutional investor has sold Marq at The Pinehills, a 220-unit apartment complex in Plymouth, located south of Boston. Built on seven acres in 2016 within the 3,200-acre Pinehills master-planned development, the property offers one- and two-bedroom units with an average size of just over 1,000 square feet. Amenities include a clubroom, outdoor heated pool with a sundeck, fitness center and coworking space. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the joint venture in the transaction. The buyer and sales price were not disclosed.

January 16, 2025

Acquisitions Industrial New Jersey Northeast

Dalfen Industrial Acquires 219,123 SF Building in Lumberton, New Jersey

by Taylor Williams January 16, 2025

LUMBERTON, N.J. — Dallas-based investment firm Dalfen Industrial has acquired a 219,123-square-foot industrial building in Lumberton, located outside of Philadelphia in Southern New Jersey. The building is located along State Route 38 and is demise-able for single or multi-tenant occupancy. Building features include a clear height of 40 feet and 35 fully dressed loading positions, and Dalfen is in the process of adding 2,500 square feet of office space to the facility. The seller and sales price were not disclosed.

January 16, 2025

Development Multifamily New York Northeast

Moinian Group Begins Leasing 114-Unit Apartment Building in Manhattan

by Taylor Williams January 16, 2025

NEW YORK CITY — Locally based owner The Moinian Group has begun leasing ARIA, a 114-unit apartment building located at 90 John St. in Manhattan’s Financial District. Units come in studio and one-bedroom floor plans and are furnished with custom-built closets, granite countertops, stainless steel appliances and spa-inspired marble bathrooms. Amenities include a resident lounge, onsite laundry facilities and concierge services. Rents start at approximately $3,000 per month for a studio apartment.

January 16, 2025

Acquisitions Massachusetts Northeast Retail

Atlantic Capital Partners Negotiates $21.2M Sale of Metro Boston Shopping Center

by Taylor Williams January 16, 2025

ASHLAND, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the $21.2 million sale of a 99,601-square-foot shopping center located in the western Boston suburb of Ashland. Shaw’s Supermarket anchors the center, which was 94 percent leased at the time of sale. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

January 16, 2025

Acquisitions New Jersey Northeast Retail

Marcus & Millichap Brokers $4.3M Sale of Retail Strip Center in Wyckoff, New Jersey

by Taylor Williams January 16, 2025

WYCKOFF, N.J. — Marcus & Millichap has brokered the $4.3 million sale of a 10,912-square-foot retail center in Wyckoff, located near the New York-New Jersey border. Built in 1990 and renovated in 2020, the property at 403-411 Goffle Road is home to JAG-ONE Physical Therapy and several local service-oriented tenants. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

January 16, 2025

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