ASBURY PARK, N.J. — Partner Engineering & Science Inc. has opened an 18,000-square-foot office in the coastal New Jersey city of Asbury Park. The building at 929 Asbury Ave. was originally constructed in the late 19th century as a warehouse and showroom. The space, which will serve as the company’s East Coast headquarters and can support about 70 people, features private offices, conference rooms and flexible workstations.
EAST LANSING, MICH. — The Michigan State University Board of Trustees has authorized the administration to begin a planning study to construct a new venue at the corner of Harrison and Trowbridge roads in East Lansing. The project involves the construction of a new hotel and retail space along with an athletics arena on 14 acres of vacant land on the west side of campus. The arena will support volleyball, wrestling and gymnastics, and will feature locker rooms, coaching office space and university classrooms. The hotel and retail space would be part of a public-private partnership between the university and the chosen developer. The authorization by the board enables the university to initiate the forma bidding process for potential developers before moving into the Request for Proposal period in the coming weeks. Additionally, the board voted to authorize construction of a new $200 million Plant and Environmental Sciences Building. The 200,000-square-foot facility, located at the corner of Farm Lane and Wilson Road, will provide critical laboratory space for approximately 40 principal investigators and their teams researching food security and climate adaptation. Construction is scheduled to begin this fall, with completion slated for December 2026.
BEAVERCREEK, OHIO — Easterly Government Properties Inc. (NYSE: DEA) has acquired a 99,246-square-foot facility fully leased to Northrop Grumman Systems Corp. in Beavercreek, a suburb of Dayton. The purchase price was undisclosed. Northrop Grumman, a multinational aerospace and defense company, has occupied the build-to-suit facility since 2012. The property sits adjacent to Gate 22B at the Wright-Patterson Air Force Base, the main access point for the Air Force Research Laboratory’s headquarters and the Air Force Institute of Technology. With this acquisition, Easterly owns 95 properties totaling 9.3 million square feet. The Washington, D.C.-based firm focuses on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government.
CHICAGO — Save A Lot, a discount grocery chain, and Yellow Banana, a retail grocery platform that owns and operates Save A Lot locations, are reopening six remodeled stores in different neighborhoods across Chicago. The stores have undergone extensive interior and exterior renovations. The property at 420 S. Pulaski Road opened Sept. 5, while the stores at 10700 S. Halsted St., 2858 E. 83rd St., 7240 S. Stony Island Ave., 7908 S. Halsted St. and 4439 W. 63rd St. will reopen later this fall. Renovations include new flooring, lighting, equipment, HVAC systems, dairy and meat cases, paint, décor, fixtures and signage. The project is a collaboration between Yellow Banana, the City of Chicago, city representatives and community organizations. The city committed more than $13 million to support the capital improvement needs of the six stores. According to a release, the temporarily closed stores faced several challenges, including delays in construction, equipment setbacks due to supply chain disruptions and utility connection issues following vandalization incidents that left two stores without power for nearly three months. Founded in 1977, Save A Lot is the largest independently owned and operated discount grocery store chain in the U.S. with roughly 750 stores in 32 …
SHEBOYGAN, WIS. — Burlington Stores Inc. has signed a 22,000-square-foot retail lease at Memorial Mall in Sheboygan, about 55 miles north of Milwaukee. The property is located at 3347 Kohler Memorial Drive. Mike Fitzgerald and Dan Rosenfeld of Mid-America Real Estate represented the landlord, Meijer Stores LP.
BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the sale of a car wash property located at 1701 Morrissey Drive in the Chicago suburb of Bloomington. The sales price was undisclosed. Meghan O’Neal-Rogozinski of AXIS 360 represented the buyer, 150 Partners LLC, which plans to continue operating the car wash while implementing significant upgrades in the coming months. Matthews Real Estate Investment Services represented the seller, Parkway Car Wash LLC.
OAHU, HAWAII — Alaka’i Development has received construction financing for a $135 million dual-branded Hyatt Place and Hyatt House Hotel at Ewa Beach in Oahu. Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, Nick Santangelo, Amber Coleman and Jim Korinek of CBRE’s Capital Market’s Debt and Structured Finance team secured the financing and joint venture equity for the Hawaii-based developer. Situated on 3.4 acres at 91-3456 Nana Hope St., the 240-key property will feature 108 Hyatt Place guest rooms and 132 Hyatt House extended-stay rooms, 19 of which include balconies and 86 kitchenettes. The five-story building will offer an outdoor swimming pool and spa, 3,009 square feet of meeting space, a dining room, business center and fitness center.
SACRAMENTO, CALIF. — CBRE has arranged the sale of EVIVA Midtown, a Class A multifamily property in Sacramento. Sequoia Equities and Coit Financial sold the asset to CONAM, an affiliate entity of The CONAM Group’s Fund IV, for an undisclosed price. Marc Ross and Hasina Ahmadi of CBRE represented the sellers in the deal. Located at 1531 N. St., the six-story community offers 118 studio, one- and two-bedroom units with open floor plans, floor-to-ceiling windows, in-unit washers and dryers and Energy Star-rated stainless steel appliances. Community amenities include 5,639 square feet of retail space, a 24-hour fitness center, community lounge, fire pit, outdoor courtyard and 124 enclosed garage parking spaces.
SPOKANE, WASH. — Cushman & Wakefield has secured $25.3 million in construction financing on behalf of Hawkins and its partners for the development of Saltese Creek, an apartment property in Spokane. Chris Moyer, Paul Roeter and Meredith Donovan of Cushman & Wakefield arranged the financing through Bok Financial on behalf of the borrower. Situated just south of the intersection of S. Tschirley Road and E. 6th Avenue, Saltese Creek will feature 192 one-, two- and three-bedroom apartments spread across six mid-rise, garden-style residential buildings. The community will also offer a 4,128-square-foot clubhouse with a fitness center, dog wash, indoor/outdoor lounge, barbecue areas and a swimming pool.
NORTH LAS VEGAS, NEV. — Agora Realty & Management Inc. has completed the construction of a medical office building within NLV Gateway, a 29-acre master-planned redevelopment of downtown North Las Vegas. Pueblo Medical Imaging Services will occupy 7,500 square feet of the 42,000-square-foot medical office. In total, Agora Realty has invested more than $200 million to support development of NLV Gateway that will add 200,000 square feet of retail and restaurants and 125,000 square feet of office and medical office space, along with public spaces. Construction on the balance of NLV Gateway is scheduled to be completed by 2026.