IRVING, TEXAS — Landsea Homes Corp. (NASDAQ: LSEA) has signed a 14,725-square-foot office lease at Tower 1320 in Irving. The residential homebuilder, which also recently signed an 8,000-square-foot office lease in northwest Austin, plans to take occupancy next spring. The space will include a 3,000-square-foot, in-house design studio and showroom exclusively for Landsea Homes homebuyers that will feature a full kitchen and living room setup. Ryan Buchanan of CBRE represented Landsea Homes in the lease negotiations. Jeff Wood of JLL represented the undisclosed landlord.
NEW YORK CITY — Chicago-based Pearlmark has provided a $27 million mezzanine loan for Vista 65, a 22-story mixed-use building located in the Rego Park area of Queens. Vista 65 comprises 186 multifamily units, 86,500 square feet of commercial space and a parking garage. Residences are furnished with stainless steel appliances, quartz countertops and hardwood floors, and amenities include a fitness center, lounge, children’s play area and a rooftop terrace. Varde Partners is the senior lender on the property. Henry Bodek of Galaxy Capital arranged the loan on behalf of the sponsor, RB Realty Capital.
WILMINGTON, N.C. — JLL has arranged the sale of Pier 33, a 286-unit apartment community located at 901 Nutt St. in downtown Wilmington. Middle Street Partners purchased the luxury community from Dewitt Carolinas Inc. for an undisclosed price. John Mikels, John Gavigan, Niki Dewberry and William Martin of JLL represented the seller in the transaction. Additionally, Ward Smith and Brad Woolard of JLL originated a Fannie Mae acquisition loan on behalf of Middle Street. Built in 2021, Pier 33 features 21,000 square feet of retail space, including concepts Bonita Latin Fusion, Megarounds and Nautical Bowls. The property also features studio, one-, two- and three-bedroom apartments, as well as a resort-style pool, pet spa, sky lounge, fitness center and coworking spaces.
OPA LOCKA AND BOYNTON BEACH, FLA. — Miller Construction, working on behalf of Orlando-based commercial real estate services and development firm Foundry Commercial, has begun construction on two warehouse projects in South Florida totaling 832,000 square feet. The facilities, which combined for $68 million in value, include Meek International Business Park Phase IV (375,000 square feet) in Opa Locka, and Egret Point Logistics, a two-building park (457,000 square feet) in Boynton Beach. The project team for Meek International include Arcadis (architect), Puga & Associates (MEP engineer), DDA (structural engineer) and Langan (civil engineer). Arcadis and DDA were also part of the project team for Egret Point, which also included B&K Engineering (MEP engineer) and Kimley-Horn (civil engineer).
NICHOLASVILLE, KY. — Michigan-based Schostak Brothers Co. has acquired a 125,000-square-foot industrial facility located at 101 Etter Drive in Nicholasville, roughly 14 miles south of Lexington, Ky. The seller and sales price were not disclosed. The warehouse and manufacturing facility marks the second Kentucky acquisition for Schostak Brothers.
CHATTANOOGA, TENN. — Matthews Real Estate Investment Services has brokered the sale of Hurricane Creek, a 62,590-square-foot shopping center located in Chattanooga. Publix anchors the property, which was built in 2007. Southeast U.S. Retail Fund LP sold the center to an entity doing business as Hurricane Creek Center LLC for an undisclosed price. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews arranged the transaction.
BERKELEY HEIGHTS, N.J. — Local developer The Connell Co. has broken ground on a 55,000-square-foot entertainment building at The Park, a 185-acre mixed-use development in the northern New Jersey community of Berkeley Heights. The building will be located within The District, a 60-acre section of the larger campus. Tenants that have committed to the new building include craft beer provider Emberside Brewery, Mexican restaurant Rosa Azul and speakeasy-style steakhouse and entertainment concept BASH. Completion is slated for 2026.
ROBERTSDALE, ALA. — Marcus & Millichap’s Taylor McMinn Retail Group in Atlanta has brokered the sale of a newly built gas station and convenience store in Alabama ground leased to Wawa. Delivered earlier this year, the 6,119-square-foot retail property is located on a 2.2-acre site at 18535 County Road 48 in Robertsdale, a suburb of Mobile. The property is situated across from a Walmart Supercenter and features a 20-year ground lease featuring rent increase and extension options. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, a Florida-based developer, in the transaction. The locally based buyer purchased the location all-cash in an exchange. “This was the second Wawa location in the state of Alabama, and more are coming as Wawa continues its Southeast expansion into Alabama, Georgia and North Carolina,” says McMinn. The Robertsdale location is the second Wawa in Alabama that McMinn and Koriwchak brokered, the first of which was a store in Fairhope.
BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has placed a $9 million loan for the refinancing of a 44-unit multifamily property in Buffalo. The name and address of the property, which exclusively offers two-bedroom units, were not disclosed. Kevin Coscia of Largo originated the loan, which was structured with a fixed interest rate and 10 years of interest-only payments. The names of the direct lender and borrower were also not disclosed.
WOBURN, MASS. — Nanoramic Laboratories has signed a 40,000-square-foot office and life sciences lease in Woburn, a northern suburb of Boston. The developer of lithium ion batteries for the automotive and aerospace industries will relocate from nearby Wakefield to 10 Commerce Way, which is owned by Cummings Properties. David Thomann of Cushman & Wakefield represented the tenant in the lease negotiations. Rob Yacobian and John Halsey represented the landlord on an internal basis.