Property Type

NORTH CHARLESTON, S.C. — CBRE has arranged $29 million in acquisition financing for a two-building industrial portfolio in North Charleston totaling 307,492 square feet. The properties include a 60,640-square-foot facility at 4275 Arco Lane and a 246,852-square-foot property at 4750-4760 Goer Drive. The borrower, Miami-based COFE Properties, purchased the buildings for $48.3 million. Brian Linnihan, Mike Ryan, Richard Henry and J.P. Cordeiro of CBRE’s Atlanta office arranged the fixed-rate loan, which features interest-only payments for the full five-year term, through Nuveen Real Estate. The two buildings were fully leased at the time of financing to tenants including Carrier Enterprises, Perfect 10 Distribution, College of Charleston and Beers Millwork.

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CASSELBERRY, FLA. — Colliers has brokered the sale of Casselberry Exchange, a 125,538-square-foot shopping center located at 5803 US Highway 17-92 in Casselberry, approximately 12 miles north of Orlando. Funds managed by affiliates of Apollo sold the value-add property to RD Management for an undisclosed price. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller in the transaction. Situated adjacent to Sole at Casselberry apartments, the shopping center features multiple single-tenant and strip retail buildings leased to retailers including Starbucks Coffee, Einstein Bagel Bros, Fresenius Kidney Care, Amscot and Little Caesars. Casselberry Exchange also features three vacant big box anchor stores totaling nearly 83,500 square feet and a former 7-Eleven gas station outparcel.

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ATLANTA — CP Group has signed Eversheds Sutherland LLP, a global law firm, to a 94,000-square-foot office lease at Bank of America Plaza, a 55-story skyscraper in Midtown Plaza. CBRE’s John Schlesinger represented the tenant, and his colleagues Jeff Keppen and Nicole Goldsmith represented the landlord in the lease transaction. Over the past six months, leasing activity at Bank of America Plaza has reached 170,000 square feet, including four new tenants, one renewal and two expansions. Amenities at the office tower include a conference center space with breakout rooms, fitness club, food hall, salon and an onsite retail Bank of America branch.

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CHARLOTTE, N.C — Ziff Real Estate Partners (ZRP) has acquired Camfield Corners, a 70,000-square-foot neighborhood retail center in south Charlotte, for $11.2 million. Simpson Commercial Real Estate’s Wells Herndon and Wesley Fricks represented the undisclosed seller in the transaction. Christian Chamblee, Jack Jardina and Kayla Hamilton were the internal representatives for ZRP. Camfield Corners spans 9.7 acres and includes tenants like Planet Fitness and Goodwill. ZRP owns three retail assets near the recent purchase, including Carolina Crossing, Matthews Festival and Turnberrry Place.

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SPICEWOOD, TEXAS — A partnership between two Utah-based firms, Areté Collective and Wasatch Group, has received $106 million in bond financing for Thomas Ranch, a master-planned development in the Central Texas community of Spicewood. The development team will use proceeds from the nonrecourse, tax-exempt bond to fund infrastructural work for the 2,200-acre development. Specific public improvements will include a spine road connecting different neighborhoods, a water treatment plant and a wastewater treatment plant. A portion of the proceeds will also be used to finance the first phase of residential development. At full build-out, Thomas Ranch will comprise 3,500 residential units, including a 600-unit multifamily component, 465,000 square feet of commercial space, a hotel, golf course, 40 miles of walking trails and 1,200 acres of open nature space.

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Resia-Rayzor-Ranch

DENTON, TEXAS — Multifamily development and management firm Resia has completed a project in the North Texas city of Denton. Resia Rayzor Ranch is located within a master-planned community of the same name and features one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, individual washers and dryers and private balconies/patios. Amenities include a pool, fitness center, basketball court, business center and outdoor grilling and dining stations. A pickleball court is also in the process of being constructed. Rents start at $1,350 per month for a one-bedroom apartment.

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Valor-at-the-Realm-Lewisville

LEWISVILLE, TEXAS — Locally based developer Bright Realty has sold Valor at The Realm, a 260-unit multifamily property in the northern Dallas suburb of Lewisville. Built in 2021 within the 324-acre Realm at Castle Hills mixed-use development, the property offers one- and two-bedroom units. Amenities include a pool and a yoga studio, and the building also houses approximately 35,000 square feet of retail space. Weidner Apartment Homes purchased Valor at the Realm for an undisclosed price. JLL brokered the deal.

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HOUSTON — Industrial Realty Group (IRG) has acquired a 221,879-square-foot manufacturing facility located at 16730 Jacintoport Blvd. near Port Houston. The site spans 21 acres and includes multiple structures with barge docks, nine cranes, 10 acres for outdoor storage or expansion and 800 feet of frontage along the Houston Ship Channel. The facility was roughly 60 percent leased at the time of sale. The seller and sales price were not disclosed.

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PLANO, TEXAS — Sage Technologies, a provider of sound and vibration testing equipment, has signed an 17,455-square-foot office lease in Plano. The space is located within the five-story building at 6275 W. Plano Parkway that offers amenities such as a fitness center, conference facilities and onsite café. Trevor Franke and Gini Rounsaville of JLL represented the landlord, Billingsley Co., in the lease negotiations. Calvin Hull, also with JLL, represented the tenant.

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Ora-Hackensack

HACKENSACK, N.J. — A partnership between two New Jersey-based developers, The Hampshire Cos. and Russo Development, as well as Riverbank Management LLC, has completed a 270-unit multifamily project in downtown Hackensack. Designed by MVMK Architecture and known as Ora, the property houses studio, one- and two-bedroom apartments and 9,000 square feet of retail space. Residences feature stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a rooftop clubroom with a wet bar and billiards, as well as fire pits and lounge seating. In addition, residents have access to a fitness center, coworking spaces, private conference rooms, pet spa and package lockers. Rents start in the mid-$2000s per month for a studio apartment.

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