Property Type

Urban Moment Nears Completion of 247-Unit Build-to-Rent Residential Project in Metro Austin

by Taylor Williams January 5, 2024

ROUND ROCK, TEXAS — Austin-based developer Urban Moment is nearing completion of YardHomes Meadow Lake, a 247-unit build-to-rent residential project in the northern Austin suburb of Round Rock. The development offers one-, two- and three-bedroom units that range in size from 635 to 1,375 square feet and that feature private backyards. Units are furnished with stainless steel appliances, granite countertops, walk-in pantries and keyless entry mechanisms. Amenities include a pool, fitness center, dog park, event lawn and outdoor grilling and dining stations. Preleasing is underway, and the grand opening is slated for February.

January 5, 2024

Acquisitions Industrial Texas

Creation, Crow Holdings Sell 234,475 SF Industrial Facility in Haltom City, Texas

by Taylor Williams January 5, 2024

HALTOM CITY, TEXAS — A partnership between Phoenix-based developer Creation and Crow Holdings Capital has sold Northmark Commerce Center, a 234,475-square-foot industrial facility located in the northern Fort Worth suburb of Haltom City. The cross-dock facility was fully leased to Ryder Integrated Logistics at the time of sale. Completed in 2023, Northmark Commerce Center features 32-foot clear heights, 56 dock doors and parking for 132 cars and 19 trailers. The site also houses a secured drop lot with 104 additional trailer stalls. Jack Fraker, Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer of Newmark represented the seller in the transaction. The buyer and sales price were not disclosed.

January 5, 2024

Acquisitions Net Lease Retail Texas

Secure Net Lease Negotiates Sale of Retail Building Leased to Shake Shack in Grand Prairie, Texas

by Taylor Williams January 5, 2024

GRAND PRAIRIE, TEXAS — Secure Net Lease, a brokerage firm with offices in Dallas and Los Angeles, has negotiated the sale of a retail building in Grand Prairie, located roughly midway between Dallas and Fort Worth. The property is triple-net-leased to Shake Shack. According to LoopNet Inc., the double drive-thru building totals 3,380 square feet. Matthew Scow of Secure Net Lease represented the undisclosed seller in the transaction. Sandi Hunter of Retail Link Associates represented the buyer, which acquired the property via a 1031 exchange.

January 5, 2024

Acquisitions Industrial Texas

EDGE Realty Negotiates Sale of 14,410 SF Industrial Building in Pearland, Texas

by Taylor Williams January 5, 2024

PEARLAND, TEXAS — EDGE Realty Partners has negotiated the sale of a 14,410-square-foot industrial building located at 14724 Almeda School Road in Pearland, a southern suburb of Houston. According to LoopNet Inc., the single-tenant building was constructed on 2.4 acres in 2019 and features 28-foot clear heights and five dock-high loading doors. Micha van Marcke and Chace Henke of EDGE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

January 5, 2024

Civic Development Northeast Rhode Island

Skanska Breaks Ground on $147M Project for U.S. Navy in Newport, Rhode Island

by Taylor Williams January 5, 2024

NEWPORT, R.I. — International developer and construction firm Skanska has broken ground on a $147 million project for the U.S. Navy in Newport, Rhode Island. The facility will serve as the new operations center for the National Oceanic & Atmospheric Administration. The project will include the construction of a new pier to accommodate four large vessels and associated utilities, as well as a supporting 22,129-square-foot administration building with parking, exterior storage and an adjacent loading and laydown area. Construction began in December and is expected to be complete by 2027.

January 5, 2024

Acquisitions Connecticut Northeast Retail

Marcus & Millichap Brokers $19.2M Sale of Shopping Center in Manchester, Connecticut

by Taylor Williams January 5, 2024

MANCHESTER, CONN. — Marcus & Millichap has brokered the $19.2 million sale of Manchester Parkade, a 302,000-square-foot shopping center located on the eastern outskirts of Hartford. Tenants at the center, which originally opened in 1962, include Dollar Tree, Planet Fitness, Kidzone and the State of Connecticut Department of Children’s Services. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, the estate of Leon Charney, in the transaction. The buyer was not disclosed. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.

January 5, 2024

Loans New Jersey Northeast Retail

JLL Arranges $8.3M Loan for Refinancing of Jersey Shore Shopping Center

by Taylor Williams January 5, 2024

BARNEGAT, N.J. — JLL has arranged an $8.3 million loan for the refinancing of Barnegat Village Square, a 70,491-square-foot shopping center on the Jersey Shore. The center was built in 1998 and was 97 percent leased at the time of the loan closing, with grocer ACME Markets serving as the anchor tenant. Other tenants include Barnegat Wine & Spirits, China King, AtlantiCare Urgent Care, Marchioni’s, Dazzlz Salon and Burger King. Jim Cadranell and Michael Mataras of JLL arranged the 10-year, fixed-rate loan through Provident Bank on behalf of the borrower, an affiliate of Walters Group.

January 5, 2024

Acquisitions Multifamily New Jersey Northeast

Kislak Negotiates $6.8M Sale of Northern New Jersey Apartment Complex

by Taylor Williams January 5, 2024

MORRISTOWN, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $6.8 million sale of Ridgedale Commons, a 29-unit apartment complex that is under construction in the Northern New Jersey community of Morristown. The property will ultimately comprise one one-bedroom unit, 27 two-bedroom units and one three-bedroom unit, with four residences being subject to income restrictions. Joseph Keenan of Kislak represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

January 5, 2024

Leasing Activity Life Sciences New Jersey Northeast

RegenLab USA Signs 15,792 SF Life Sciences Lease in Jersey City

by Taylor Williams January 5, 2024

JERSEY CITY, N.J. — RegenLab USA, a manufacturer of equipment for regenerative cell therapies, has signed a 15,792-square-foot life sciences lease in Jersey City. RegenLab will relocate from the Brooklyn Army Terminal to the sixth floor of the building at 95 Greene St., which was originally constructed as a manufacturing facility for Colgate Palmolive, later this year. Dan Spero, Blake Goodman, John Cahill, Bob Ryan and Craig Eisenhardt of JLL represented the landlord, Thor Equities Group, and RegenLab in the lease negotiations.

January 5, 2024

Acquisitions Arizona Healthcare Office Western

ViaWest Group Sells 252,350 SF Blackhawk Corporate Center in Phoenix to Big Sky Medical Real Estate

by Amy Works January 5, 2024

PHOENIX — ViaWest Group has completed the disposition of Blackhawk Corporate Center, a three-building office and medical campus in Phoenix’s Deer Valley submarket. Big Sky Medical Real Estate acquired the asset for an undisclosed price. Built in 1997 and 1998, the 252,350-square-foot campus was 96 percent leased at the time of sale to a variety of office and medical users. Blackhawk Corporate Center is located at 20401 N. 29th Ave. and 2902 and 3010 W. Agua Fria Way, with immediate freeway visibility and accessibility from Interstate 17 and Loop 101 and a parking ratio of 5.33/1,000. Steve Lindley, Alexandra Loye, Eric Wichterman and Mike Coover with Cushman & Wakefield represented the seller in the deal.

January 5, 2024

Newer Posts

Older Posts