Monday, May 18, 2026
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Leasing ActivityMidwestNebraskaRestaurantRetail

Travelers Taproom Opens at Northwest Commons Shopping Center in Grand Island, Nebraska

by Kristin Harlow

GRAND ISLAND, NEB. — Travelers Taproom has opened a 4,139-square-foot taproom at Northwest Commons Shopping Center in Grand Island, a city in central Nebraska. The Staenberg Group manages the property at 2230 N. Webb Road. Travelers Taproom offers a self-pour experience, where guests can choose from 60 rotating taps featuring local beers, ciders and seltzers. There is also a whiskey, bourbon and wine bar. Travelers Taproom is inspired by the owners’ travels across the country. Additional tenants at the shopping center include Dick’s Sporting Goods, Burlington, T-Mobile, Spectrum and Pro Image Sports.

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IllinoisLeasing ActivityLee & AssociatesMidwestRestaurantRetail

Lee & Associates Negotiates 3,163 SF Restaurant Lease in Downtown Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Lee & Associates has negotiated a 3,163-square-foot restaurant lease at Riverwalk Plaza in downtown Naperville, a suburb of Chicago. U Sushi Club Rotary Sushi Bar leased the second-floor space. Michael Petrik and Rick Scardino of Lee & Associates represented the landlord, Naper LP. The building offers onsite parking and is located adjacent to the Naperville Public Library and near the Naperville Riverwalk.

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Realterm-Titan-Laredo
DevelopmentIndustrialTexas

Realterm, Titan to Develop 440,300 SF Industrial Project in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A partnership between Maryland-based investment manager Realterm and regional owner-operator Titan Development will develop a 440,300-square-foot industrial project in the Rio Grande Valley city of Laredo. The cross-dock facility will be situated on a 26-acre site and will be divisible for two tenants. Building features will include 30-foot clear heights, 185-foot truck court depths and 264 trailer parking stalls. Construction is expected to last about 12 months.

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Affordable HousingDevelopmentMultifamilyTexas

JPI Breaks Ground on 343-Unit Mixed-Income Housing Project in Haltom City, Texas

by Taylor Williams

HALTOM CITY, TEXAS — Multifamily developer JPI has broken ground on Jefferson Drove, a 343-unit mixed-income housing project that will be located north of Fort Worth in Haltom City. About 50 percent of the units will be reserved for households earning 80 percent or less of the area median income, and the remainder will be rented at market rates. Amenities will include a pool, fitness center and a coworking lounge. Preleasing for the first residences is scheduled to begin in the second quarter of 2026.

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HealthcareLeasing ActivityTexas

NewQuest Negotiates 35,000 SF Medical Office Lease in Webster, Texas

by Taylor Williams

WEBSTER, TEXAS — Locally based brokerage and investment firm NewQuest has negotiated a 35,000-square-foot medical office lease in Webster, a southeastern suburb of Houston. The tenant, Texas Oncology, is taking space at Webster Town Center, which is located at the intersection of I-45 and Texas Avenue. Kevin Sims and Nick Ramsey of NewQuest internally represented the landlord in the lease negotiations. Nelson Udstuen and Lindsay Arbour of CBRE represented the tenant.

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IndustrialLeasing ActivityTexas

GPK Products Signs 31,750 SF Industrial Lease in North Dallas

by Taylor Williams

DALLAS — GPK Products Inc. has signed a 31,750-square-foot industrial lease in North Dallas. The North Dakota-based engineering and fabricating company is taking space at 2727 Realty Road, which is part of the 10-building, 636,725-square-foot Marsh Business Park development. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as GKI Industrial Dallas LLC, in the lease negotiations. John Paul Floyd of CBRE represented the tenant.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 22,443 SF Retail Strip Center in Metro Austin

by Taylor Williams

CEDAR PARK, TEXAS — Marcus & Millichap has brokered the sale of Shops at Lakeline, a 22,443-square-foot retail strip center in the northern Austin suburb of Cedar Park. The property comprises three buildings that were constructed on a 1.9-acre site in 2015. Tenants include Domino’s Pizza, VCA Animal Hospital and Cedar Park Dental. Coleman Solomon, Philip Levy and Wes Peacock of Marcus & Millichap represented the seller, Kalantari Group, in the transaction The buyer was CenterSquare Investment Management.

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DevelopmentIndustrialLoansNew JerseyNortheast

Ares Provides $135M Construction Loan for Industrial Project in East Hanover, New Jersey

by Taylor Williams

EAST HANOVER, N.J. — Ares Commercial Real Estate has provided a $135 million construction loan for High Point on 10, a 584,000-square-foot industrial project that will be located in East Hanover, about 25 miles west of New York City. The development will have 380,000 square feet of build-to-suit cold storage space that is preleased to operator RealCold. Jordan Roeschlaub, Jonathan Firestone and Nick Scribani of Newmark arranged the debt on behalf of the developer, a partnership between Related Fund Management, Onyx Equities and Russo Development. An expected completion date was not announced.

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FM-Global-Norwood-Massachusetts
DevelopmentLife SciencesMassachusettsNortheast

Hobbs Brook Tops Out 320,000 SF Office, Life Sciences Project in Norwood, Massachusetts

by Taylor Williams

NORWOOD, MASS. — Hobbs Brook Real Estate has topped out a 320,000-square-foot office and life sciences project in Norwood, a southern suburb of Boston, that is a build-to-suit for commercial property insurance company FM Global. The project replaces a 1950s-era building with a four-story office, lab and research and development building and adds a new 930-space parking garage and outdoor amenity spaces. Payette is the project architect, and Shawmut Design & Construction is the general contractor. Completion is slated for 2026. Construction began earlier this year.

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DevelopmentIndustrialLoansNew JerseyNortheast

Cushman & Wakefield Arranges Debt, Equity for Industrial Redevelopment in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — Cushman & Wakefield has arranged construction debt and joint venture equity for an industrial redevelopment project in the Northern New Jersey community of Parsippany. The amounts were not disclosed, but the project, which will convert an existing office property, carries a total price tag of $40 million. John Alascio, T.J. Sullivan, Chuck Kohaut, Chris Lentz, Jason Blankfein and Ethan Sokolow of Cushman & Wakefield worked on behalf of the sponsor, Altman Logistics Properties, to secure construction debt from Truist Bank and joint venture equity from a European investor.

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