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Texas-Woman's-University-Denton
CivicDevelopmentTexas

Texas Woman’s University Tops Out $107M Health Sciences Center in Denton

by Taylor Williams

DENTON, TEXAS — Texas Woman’s University (TWU) has topped out the $107 million health sciences center at its campus in the North Texas city of Denton. The 136,000-square-foot facility will serve students in the allied healthcare fields such as nursing, physical therapy and occupational therapy. The new health sciences center is being constructed on seven acres adjacent to Parliament Village, a TWU residential complex. Plans for the facility include laboratory space, classrooms, collaborative workspaces, outdoor clinic sites and a teaching kitchen, as well as community healthcare clinics and training areas for students. Construction began last fall, and the facility is expected to be complete in advance of the fall 2025 semester.

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Realterm-Alliance-Laredo
DevelopmentIndustrialTexas

Realterm, Alliance to Develop 236,693 SF Transload Facility in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A joint venture between Maryland-based investment firm Realterm and Texas-based Alliance Industrial will develop a 236,693-square-foot transload facility in the Rio Grande Valley city of Laredo. The facility, which will be situated on a 19.7-acre site, will support various cross-border industrial operations and will be able to accommodate a single or multiple users. Building features will include 32-foot clear heights, 50 dock-high loading positions and 190 trailer parking spaces. Construction is set to begin before the end of the month and to be complete in summer 2025.

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Affordable HousingDevelopmentMultifamilyTexas

Partnership Breaks Ground on 192-Unit Affordable Housing Project in Houston

by Taylor Williams

HOUSTON — A partnership between the Harris County Housing Authority, OCI Development, Harris County Housing & Community Development and Atlantic Pacific Cos. has broken ground on a 192-unit affordable housing project in Houston. The Residences at Arbor Oaks is located on the city’s northwest side and consists of 84 two-bedroom and 108 three-bedroom units that are reserved for households earning between 30 and 60 percent of the area median income. Amenities include a pool, fitness center, business center, outdoor grilling and dining stations and a children’s play area. Residents will also have access to a community center facility. Wells Fargo and Citibank contributed to the financing of the project, which also received a $12 million Community Development Block Grant as part of a program that provides funding for damages caused by Hurricane Harvey in 2017.

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IndustrialLeasing ActivityTexas

Bleecker Partners Welcomes Three New Tenants to Industrial Flex Complex in Metro Dallas

by Taylor Williams

FARMERS BRANCH, TEXAS — Locally based investment firm Bleecker Partners has welcomed three new tenants to Northway Plaza, a 131,149-square-foot industrial flex complex located in the northern Dallas metro of Farmers Branch. The deals with engineering firm Lina T. Ramey & Associates (8,400 square feet), High Five Ventures LLC (3,570 square feet) and Northstar Mobile Inc. (2,972 square feet) bring the property to nearly full occupancy. Jason Finch and Justin Greenwood of Bradford Commercial Real Estate Services represented Bleecker Partners in the lease negotiations. Ethan Denton of Lee & Associates represented Lina T. Ramey & Associates.

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One-High-Line-Manhattan
LoansMixed-UseNew YorkNortheast

Walker & Dunlop Arranges $1.2B Refinancing of Manhattan Mixed-Use Property

by Taylor Williams

NEW YORK CITY — Walker & Dunlop has arranged the $1.2 billion refinancing of One High Line, a 750,000-square-foot mixed-use property in Manhattan’s West Chelsea neighborhood. One High Line consists of two towers and a five-story commercial building that span an entire city block. The property houses 236 condos with 18,000 square feet of residential amenity space, a 120-room Faena hotel that is scheduled to open next year, 45,000 square feet of boutique office space and 13,000 square feet of retail and restaurant space. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Diaz, Jackson Irwin and William Herrin of Walker & Dunlop arranged the debt on behalf of the borrower, a partnership between The Witkoff Group, Access Industries and Monroe Capital. J.P. Morgan provided the senior loan within the financing package, and TYKO Capital provided mezzanine debt.

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110-Bergen-Turnpike-Little-Ferry-New-Jersey
LoansMultifamilyNew JerseyNortheast

SCALE Lending Provides $75M Bridge Loan for Northern New Jersey Multifamily Project

by Taylor Williams

LITTLE FERRY, N.J. — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $75 million bridge loan for a 294-unit multifamily project that is nearing completion in the Northern New Jersey community of Little Ferry. The property at 110 Bergen Turnpike includes 8,356 square feet of retail space and is expected to receive its temporary certificate of occupancy during the current quarter. The borrower is Capodagli Property Co., a New Jersey-based family-owned development firm. Proceeds from the 18-month loan, which also carries two six-month extension options, will be used retire the existing $71 million construction loan (also provided by SCALE) and to complete lease-up of the project.

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Green-Street-Apartments-Somersworth-New-Hampshire
DevelopmentMultifamilyNew HampshireNortheast

Tidemark, BOD Holdings Break Ground on 135-Unit Multifamily Project in Somersworth, New Hampshire

by Taylor Williams

SOMERSWORTH, N.H. — A partnership between developers Tidemark and BOD Holdings has broken ground on a 135-unit multifamily project in Somersworth, located on the Maine-New Hampshire border. Designed by New Hampshire-based PROCON, the complex will be located in the downtown area and will offer studio, one-, two- and three-bedroom units and amenities such as a fitness center, package room, leasing office and onsite parking. Completion is slated for spring 2026.

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AcquisitionsIndustrialNew YorkNortheast

Colliers Brokers $20M Sale of Long Island Warehouse

by Taylor Williams

MELVILLE, N.Y. — Colliers has brokered the $20 million sale of a 91,428-square-foot warehouse in the Long Island community of Melville. The building sits on a 10-acre site at 135 Baylis Road and features a clear height of 16 feet. Robert Steinhart, Richard Warshauer, Jason Maietta, Tommy Rosati and Brandon Lichtenstein of Colliers represented the seller, Melville Beverage Partners, in the transaction. Local appliance wholesaler Kings Prime Equities LLC purchased the building with plans to occupy the space.

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ConnecticutLeasing ActivityNortheastRetail

Wegmans to Open 92,000 SF Grocery Store in Norwalk, Connecticut

by Taylor Williams

NORWALK, CONN. — Wegmans Food Markets will open a 92,000-square-foot store at 675  Connecticut Ave. in Norwalk, located in southern coastal Connecticut. The regional grocer expects to employ about 500 people at the store at full operation. The location will be the first in Connecticut for Wegmans, which operates a total of 111 stores along the East Coast, and is scheduled to open next summer.

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DevelopmentHealthcareMidwestMinnesota

Kraus-Anderson Completes $70M Surgery Expansion at Riverwood Healthcare Center in Aitkin, Minnesota

by Kristin Harlow

AITKIN, MINN. — The Bemidji office of Kraus-Anderson has completed a $70 million surgical addition and expansion at Riverwood Healthcare Center in central Minnesota’s Aitkin. Designed by DSGW Architects, the project features a 72,000-square-foot surgery addition. The hospital’s new surgery space consists of approximately 60,500 square feet of new surgical departments, including six operating rooms, two large procedure rooms, three endoscopy rooms, 25 prep and recovery rooms, a post-anesthesia care unit, sterile processing and staff support. Additionally, there is about 12,000 square feet of clinical space for general surgery, neck, back and spine, urology and ENT, as well as a front entrance and lobby to support the new surgical program. Construction began in August 2022.

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