ADDISON, TEXAS — Holt Lunsford Commercial has negotiated a 21,000-square-foot office lease renewal in the northern Dallas metro of Addison. The tenant is Foundation Energy Management LLC, and the space is located within Liberty Plaza II. Chase Stone and Hayden Parker of Holt Lunsford represented the landlord, Massachusetts-based Franklin Street Properties, in the lease negotiations. Mary Stoner Yost of Colliers represented the tenant.
SLEEPY HOLLOW, N.Y. — Walker & Dunlop has arranged the $237 million refinancing of Edge-on-Hudson, a 70-acre mixed-use property located north of New York City in Sleepy Hollow. The financing also covers The Daymark, a five-story condo building within the riverfront property. At full build-out, Edge-on-Hudson will feature 1,177 residential units, including townhomes, condos and apartments, as well as 135,000 square feet of retail space, 35,000 square feet of office space, a 140-room boutique hotel and more than 16 acres of parkland. The Daymark, located on a southwestern parcel of the site, offers 100 condos in one-, two- and three-bedroom floor plans. About 70 units are under contract, and the first move-ins are scheduled for September. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Jordan Casella, Christopher de Raet and Stanley Cayre of Walker & Dunlop arranged the financing through Hudson Bay Capital. The borrower is a partnership between King Street Capital Management and Biddle Real Estate Ventures. The latter entity is the co-master developer of Edge-on-Hudson along with New Jersey-based PCD Development.
NEW YORK CITY — Locally based developer Slate Property Group and Queens Future LLC, which is a joint venture between Mets owner Steve Cohen and Hard Rock International, have formed a partnership to develop a 450-unit affordable housing project. The site at 54-19 100th St. is located adjacent to an existing affordable housing complex in the borough’s Corona neighborhood and currently houses a parking lot. Queens Future will provide financial support to a to-be-named nonprofit organization that will work with Slate to develop and manage the property. Units will feature a range of floor plans and income restrictions, and the property will have community and amenity space, including an improved outdoor area and a new children’s playground for the surrounding buildings.
DELRAY BEACH, FLA. — DRA Advisors has provided $107.5 million for the recapitalization of an industrial portfolio in Florida owned by Redfearn Capital, a private equity firm based in Delray Beach. The portfolio includes 10 properties totaling more than 900,000 square feet in Jacksonville, South Florida, Clearwater and Orlando. Redfearn Capital originally established the portfolio in 2020 with investment partner TPG Angelo Gordon. Redfearn Capital and TPG Angelo Gordon will remain partners in two other joint venture funds. Mike Davis and Dominic Montazemi of Cushman & Wakefield represented Redfearn Capital in the transaction.
LACKAWANNA, N.Y. — UFP Industries (NASDAQ: UFPI) will open a 240,000-square-foot manufacturing and warehousing facility in Lackawanna, located just south of Buffalo, a project that represents a capital investment of about $77 million. The Michigan-based provider of commercial and residential construction products has purchased 30 acres for construction of the facility, which will be used to supply decking products. The facility is being developed as part of a $250 million initiative to grow and expand the company’s Deckorators product line over the next five years. A construction timeline was not disclosed.
PENSACOLA, FLA. — Thompson Thrift is nearing completion of The Quinn, a 324-unit apartment community located at 5800 W. Nine Mile Road in Pensacola, a city in Florida’s Panhandle near the Alabama border. Residents began moving in last fall, and the Indianapolis-based developer expects to complete construction by the end of the summer. Situated on 18 acres within a mile of a Publix grocery store, The Quinn features a mix of one-, two- and three-bedroom apartments averaging 1,000 square feet in size. Monthly rental rates range from $1,459 to $2,474, according to Apartments.com. Amenities include a clubhouse, 24-hour fitness center, a resort-style pool, community grilling areas, fire pits, cabanas, turf area for outdoor exercise or yard games, pickleball courts and a dog park with a pet spa.
MIAMI — Marcus & Millichap has brokered the $5.7 million sale of Plaza 77 Shops, a 9,590-square foot retail strip center in Miami’s Dadeland neighborhood. Situated less than one mile from Dadeland Mall, the property is anchored by Trulieve and Domino’s Pizza, which both operate on corporate-guaranteed leases. Additional tenants at the center include Chase Bank, Outback Steakhouse, Anthony’s Coal Fired Pizza, Cancun Grill and Massage Envy, according to LoopNet. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office represented the seller, an entity doing business as Plaza 77 Shops LLC, and procured the buyer, a local private investor, in the transaction.
ARLINGTON, VA. — HNTB Corp., an infrastructure solutions firm, has relocated and expanded its office footprint in Arlington, a Northern Virginia suburb of Washington, D.C. The company will now occupy 48,046 square feet across two full floors at 1812 North Moore, a 35-story office tower spanning 537,000 square feet. HNTB will move from its current space at the nearby Shirlington Tower in spring 2026. The move represents a 13,000-square-foot expansion for HNTB. Savills represented the tenant in the lease negotiations. Yorke Allen, Herbert Mansinne and Lee Brinkman of JLL represented the undisclosed landlord.
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.
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.