MESA, ARIZ. — Marcus & Millichap has arranged the sale of a 364-unit StorQuest Self Storage facility in Mesa. Terms of the transaction were not released. Adam Schlosser, Charles “Chico” LeClaire, Dean Trammell and Kol Bailey of the LeClaire-Schlosser Group of Marcus & Millichap represented the undisclosed seller in the deal. Built in 1982 on 2.4 acres, StorQuest Self Storage features a fortress-style layout with stucco exteriors, metal roll-up doors and standing seam metal roofs. The property offers 39,225 net rentable square feet.
PORTLAND, ORE. — Prologis is underway on construction of a 271,828-square-foot industrial facility at 3509 N.E. Columbia Blvd. in Portland. Daimler Truck North America (DTNA) will occupy the building, which will be known as Prologis Broadmoor, to support its aftermarket parts distribution operations. The Class A property will feature 36-foot clear heights and an 8,750-square-foot office space. Construction began in April 2026, with shell completion expected for early 2027. Prior to vertical construction, Prologis completed significant wetlands restoration project involving approximately 45 acres of land surrounding the facility that previously supported water- and fertilizer-intensive golf course operations.
MPZ, Capstone Near Completion of $36M Multifamily Adaptive Reuse Project in Templeton, Massachusetts
TEMPLETON, MASS. — A partnership between metro Boston-based MPZ Development and Capstone Communities is nearing completion of a $36 million multifamily adaptive reuse project in Templeton, about 65 miles northwest of Boston. A housing lottery was launched and closed on July 15, and full completion is slated for this fall. Designed by ICON Architecture, the project converted the historic Baldwinville Elementary School, which was originally built in 1923, into a 54-unit apartment complex known as Baldwinville School Apartments. Residences come in studio, one-, two- and three-bedroom floor plans, and the majority (49) of the units are reserved for households earning between 30 and 60 percent of the area median income. Amenities include a children’s playground, fitness center, electric vehicle charging stations, onsite laundry facilities and a community walking trail and green space.
NEW YORK CITY — NormAI, which provides legal and compliance services, has signed a 64,313-square-foot office lease at One World Trade Center in Lower Manhattan. The space spans the entire 60th floor and part of the 61st floor. Scott Bogetti, James Wenk and Kirill Azovtsev of Savills represented NormAI in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides of Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed the building in partnership with The Port Authority of New York and New Jersey.
CHADDS FORD, PA. — Berkadia has arranged the sale of Restore Orthopaedic Surgical Institute, an 18,630-square-foot ambulatory surgery center in Chadds Ford, a western suburb of Philadelphia. The facility was built in 2022 and features two operating rooms in addition to spaces for pre- and post-operative consultations, physical therapy and related orthopedic support services. Eric Lee, Sabrina Solomiany, Chris Lashmet and Vasili Davos of Berkadia represented the seller, Tennessee-based Montecito Medical Real Estate, in the transaction. The buyer was Delaware-based Wasatch Capital.
NEW YORK CITY — Council Advisorshas renewed its 17,685-square-foot office headquarters lease in Midtown Manhattan. The consulting firm signed a 10-year extension for its space at 685 Third Avenue, a 651,000-square-foot, newly renovated building. Daniel Horowitz, Jeffrey Peck, Roi Shleifer, Jacob Stern and Max Mond of Savills represented the tenant in the lease negotiations. Paul Amrich, Neil King, Meghan Allen, Anthony Manginelli and Brooke Dewing of CBRE represented the landlord, institutional investment firm BGO.
NEW YORK CITY — The Korea International Trade Association (KITA) has begun the $200 million redevelopment of 460 Park Avenue, a 22-story office building at the thoroughfare’s intersection with East 57th Street in Midtown Manhattan. Upon completion, the building will offer 350,000 square feet of Class A office space. According to the development team, the building, which was originally constructed in the mid-20th century, is “being returned to its original steel structure and rebuilt with state-of-the-art infrastructure.” Within this framework, plans call for upgrades to the lobby, elevators, façade and utility systems. More specifically, the revamped lobby will feature hospitality-driven amenities that are “centered on activating terraces and outdoor space, creating a seamless connection to the outdoors for tenants.” The project will also introduce a formal amenity suite with conference and event spaces, as well as lounge, dining and wellness areas. The project team is also targeting certain designations — LEED Gold, WELL certification and WiredScore Platinum — for its utility systems and infrastructure. KITA has also tapped JLL to lease 460 Park Avenue upon completion of the redevelopment, which is scheduled for mid-2028. “We are reimagining 460 Park Avenue with a focus on quality, performance and experience, delivering a …
Years of nation-leading population growth, a robust job market and rising household incomes have propelled Charlotte retail onto the national stage as a major target for institutional and private investors alike. The market is now operating at a premium, with average asking rents surpassing the national average for the first time on record in late 2025 after rising more than 30 percent over the past five years, according to data from CoStar Group Inc. That milestone says a lot about how far the market has come, but it also points to where it is headed.The next phase of Charlotte retail will not be defined by growth alone. It will be defined by having the right tenant in the right format serving the right trade area. The strongest corridors continue to command attention from retailers and investors alike, while rising occupancy costs are forcing every deal to stand on stronger fundamentals. For owners, tenants and capital sources, that dynamic makes Charlotte one of the Southeast’s most compelling retail markets, but also one of its most nuanced. The new retail map Charlotte gained 20,731 residents between 2024 and 2025, ranking among the fastest-growing major cities in the country, according to the U.S. …
KATY, TEXAS — Regional developer National Property Holdings has unveiled plans for a roughly 1.1 million-square-foot industrial park in the western Houston suburb of Katy. Katy Prairie Business Park will be developed in two phases, each of which will comprise a single building that will be able to support manufacturing and logistics users. The Phase I building will total 402,480 square feet, and the Phase II building will total 680,940 square feet. Building features will include 36- and 40-foot clear heights, ESFR sprinkler systems, onsite trailer parking and “flexible” configurations. CBRE has been tapped as the leasing agent for Katy Prairie Business Park. A construction timeline was not announced.
CEDAR PARK, TEXAS — JLL has negotiated the sale of 1890 Ranch, a 441,620-square-foot retail power center in Cedar Park, a northern suburb of Austin. The center was 99 percent leased at the time of sale to tenants such as Academy Sports + Outdoors, Ross Dress for Less, Burlington, PetSmart, Natural Grocers, Cinemark, Crunch Fitness, Office Depot and Dollar Tree. Barry Brown, Chris Gerard and Shea Petrick of JLL represented the seller, Austin-based Endeavor Real Estate Group, in the transaction. Chris Drew, Michael DiCosimo and Aaliyah St. Louis, also with JLL, arranged an undisclosed amount of acquisition financing for the deal on behalf of the buyer, a joint venture between Sterling Organization and Cohen & Steers.