Property Type

Ranch-Hand-Seguin-Texas

SEGUIN, TEXAS — Ranch Hand will open a 400,000-square-foot manufacturing and distribution facility at TriPoint Logistics Center, a 120-acre development in Seguin, a northeastern suburb of San Antonio. The provider of automotive accessories has entered into a build-to-suit agreement with the developer, a partnership between Atlanta-based Ackerman & Co. and Baltisse US Inc. Ranch Hand plans to consolidate two regional facilities into the new distribution hub. The building will feature 36-foot clear heights and is expected to be complete in late 2026. Tom Walrich of Lee & Associates represented Ranch Hand in the lease negotiations. John Colglazier, Kyle Kennan and Gray Gilbert of Partners Real Estate represented ownership.

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AMARILLO, TEXAS — Atlanta-based hospitality brokerage firm Hunter Hotel Advisors has arranged the sale of the 107-room Courtyard Amarillo Downtown hotel in West Texas. The building was originally constructed in 1928 and was converted to a hotel in 2010. Amenities include a business center, fitness center and an onsite restaurant. Summit Hotel Properties sold the hotel to local owner-operator KAMP Hotels for an undisclosed price. Mason McDavid and Kami Burnette of Hunter Hotel Advisors brokered the deal.

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BROOKSHIRE, TEXAS — Stream Realty Partners has secured a 101,678-square-foot industrial lease in Brookshire, a western suburb of Houston. According to LoopNet Inc.,  the building at 4006 Westport Drive is located within Kingsland Ranch Logistics Park. Abraham Richardson of Stream, along with Alex Zhang of TopSky Commercial, represented the tenant, Mars Shipping Service, in the lease negotiations. Cape Bell, Billy Gold, Joseph Smith and Savannah Smith of CBRE represented the undisclosed landlord.

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MCKINNEY, TEXAS — Elliott Electric Supply has signed a 23,538-square-foot industrial lease in McKinney, located north of Dallas. The space is located within Building A at McKinney Commerce Center, a three-building, 319,347-square-foot development that is currently under construction. Brett Lewis and Taylor Stell of Lee & Associates represented the landlord, New York City-based Rockefeller Group, in the lease negotiations. Nick Lee of NAI Robert Lynn represented Elliott Electric Supply.

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FULSHEAR, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of Cross Creek Plaza, a 16,963-square-foot retail strip center in Fulshear, a western suburb of Houston. The center was built in 2024 and is located at the entrance of the Cross Creek Ranch master-planned community. Jake Dutson of STRIVE represented the seller, a local developer, in the transaction. John Kourafas of Visintainer Group represented the buyer. Both parties requested anonymity. Cross Creek Plaza was fully leased at the time of sale.

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NEW YORK CITY — Berkadia has provided a $31.8 million Freddie Mac loan for the refinancing of a 92-unit mixed-income apartment building located at 4180 Carpenter Ave. in The Bronx. The unit mix comprises nine market-rate studios and 55 market-rate one-bedroom apartments, along with one affordable studio, 23 affordable one-bedroom units and four affordable two-bedroom residences. The building, which was completed in 2024 and was 98 percent occupied at the time of the loan closing, also houses 8,000 square feet of commercial space that is occupied by Little Stars Daycare. Matt Nihan of Berkadia originated the 10-year, fixed-rate loan on behalf of the owner, New York-based owner-operator Stagg Group.

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The-Drake-Philadelphia

PHILADELPHIA — Newmark has brokered the sale of The Drake, a 289-unit apartment building located in the Rittenhouse Square neighborhood of Philadelphia. According to Apartments.com, The Drake features studio, one- and two-bedroom units that range in size from 328 to 2,163 square feet. The building also includes 8,500 square feet of retail space. Erin Miller and Chris Koehler of Newmark represented the undisclosed seller in the deal. Mark Vinitsky of Lument arranged acquisition financing for the buyer,  a partnership between Lionheart Realty Group, Lineage Squared, Avery Cos. and AMS Equities.

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The-Bolt-Woburn-Massachusetts

WOBURN, MASS. — Local developer Cabot, Cabot & Forbes (CC&F) has broken ground on The Bolt, a 180,000-square-foot manufacturing and life sciences facility located north of Boston in Woburn. The Bolt is being developed on a speculative basis and is expected to be responsible for the creation of about 300 new jobs. Jacobs designed the project, and John Moriarty & Associates is serving as the general contractor. Cushman & Wakefield is the leasing agent. Kawa provided $79 million in construction financing for the project, which is expected to be available for occupancy by the second quarter of 2027.

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FRANKLIN, N.J. — Bounce Air Adventure Park will open a 21,000-square-foot entertainment venue in the Northern New Jersey community of Franklin. The space is located within the 268,000-square-foot Rutgers Plaza shopping center and will feature a ropes course, climbing structures, obstacle course, mini basketball court and a jungle gym with slides. Robert Elbaz of Sholom & Zuckerbrot Realty represented Bounce Air in the lease negotiations. Levin Management Corp. leases and manages Rutgers Plaza.

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NEW YORK CITY — Sierra, an AI-driven customer service platform, has signed a 14,563-square-foot, full-floor office lease at 375 West Broadway in Manhattan’s SoHo neighborhood. The deal keeps the 76,605-square-foot building, which was originally constructed in 1863 and is currently being renovated, at full occupancy. Brett Harvey of Newmark represented the landlord, Manova Partners, in the lease negotiations. Jeff Fischer and Connor Krup of CBRE represented Sierra.

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