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Net lease news – page 133
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Industrial Consolidation Continues With European Giants Agreeing To $15B MergerAnother massive industrial REIT merger is on the table, two logistics heavyweights have announced.
JLL Snares Listing for Legacy Central Office CampusThree buildings totaling 706,395 square feet at Legacy Central in Plano have been listed for sale by JLL. The buildings are fully leased to a variety of blue-chip tenants, including Samsung Electronics, Nokia, Freddie Mac and Publicis.
30-Story Dual-Branded Austin Hotel on WayThe Smash ATX bar is slated for demolition. In its place…a dual-branded Hilton hotel. Peachtree and Merritt Development are joining forces on the project, which will be an Embassy Suites by Hilton and Tempo by Hilton hotel. The hotel is expected to have 480 rooms.
More Than 80 Countries Hit With New Tariffs, Further Clouding CRE PricingThe White House imposed a new round of tariffs on more than 80 countries to replace expiring levies in the latest turn of President Donald Trump’s ongoing effort to reshape global trade.
National Property Holdings Unveils Plans for 1.1 MSF Industrial Park in Katy, TexasKATY, 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.
Representative imageJLL Negotiates Sale of 441,620 SF Retail Power Center in Cedar Park, TexasCEDAR 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.
Merritt Properties Acquires 11-Building Industrial Park in JacksonvilleJACKSONVILLE, FLA. — Merritt Properties has acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park located in Jacksonville’s Butler corridor near the Florida East Coast Railway.
Representative imageGillett Commercial to Develop Spec Office, Flex Building in Allen, TexasALLEN, TEXAS — Local developer Gillett Commercial will build a speculative office and flex building in Allen, a northeastern suburb of Dallas.
Representative imageIPA Arranges $15.4M in Financing for Dallas Industrial PropertyDALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $15.4 million in financing for a 60,159-square-foot industrial property in Dallas.
Thompson Thrift to Begin Construction on 300-Unit Luxury Multifamily Community Near SavannahPOOLER, GA. — Thompson Thrift plans to soon break ground on The Foundry at Mosaic, a 300-unit luxury multifamily community located in Pooler, a western suburb of Savannah.
Representative imageChesterfield Breaks Ground on Industrial Development in Blythewood, South CarolinaBLYTHEWOOD, S.C. — Chesterfield has broken ground on Carolina Pines International Commerce Center, a planned industrial development located about 18 miles north of Columbia.
Monday Properties Receives Approval for Mixed-Use Development in Arlington, VirginiaARLINGTON, VA. — Monday Properties has received approval from the Arlington County Board for a major site plan amendment for the redevelopment two contiguous 12-story office buildings in Arlington’s Rosslyn district: 1401 Wilson Boulevard and 1400 Key Boulevard.
M&T Realty Capital Provides $141.4M Loan for Refinancing of Manhattan Apartment BuildingNEW YORK CITY — M&T Realty Capital Corp. has provided a $141.4 million bridge loan for the refinancing of Anagram Turtle Bay, a 194-unit apartment building located at 300 E. 50th St. in Manhattan.
Trilogy Receives $64M Construction Loan for Tampa-Area ApartmentsTrilogy Real Estate Group has received a $64 million construction loan for the development of The Albion, a 325-unit apartment community being built in Valrico, Fla. The project, located 14 miles east of downtown Tampa, is slated for delivery in the fourth quarter of 2028.
Representative imageJoint Venture Acquires 555-Unit Self-Storage Facility in Syosset, New YorkSYOSSET, N.Y. — A joint venture between Boston-based investment firm The Davis Cos. and operator GoodFriend Storage has acquired a 555-unit self-storage facility in the Long Island community of Syosset. The facility at 475 Underhill Blvd.
Representative imageCBRE Arranges Sale of 29,336 SF Industrial Building in Avenel, New JerseyAVENEL, N.J. — CBRE has arranged the sale of a 29,336-square-foot industrial building in the Northern New Jersey community of Avenel. The building sits on a 4.3-acre site at 190 Homestead Ave. and includes six drive‑in doors, two loading docks and newly renovated office space.
Representative imageIndustrious Opens 28,000 SF Coworking Space in Midtown ManhattanNEW YORK CITY — Industrious has opened a 28,000-square-foot coworking space in Midtown Manhattan. The space spans the sixth and seventh floors of the 29-story building at 875 Third Ave. and features 226 office seats and 26 access seats.
Developer Duo Obtain Construction Financing for $147M Spelman/Morehouse Student HousingRadnor Property Group and the Madrone Community Development Foundation have closed on financing needed for a $147 million, 305-unit, 793-bed student housing development in Atlanta.
Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered AuctionIntegra Investments closed on a 37-year-old condo complex in Broward County deemed unsafe for occupants after years of back-and-forth with the court-appointed receiver.
Protective Live, Berkadia Provide $50M for Two Senior Living FacilitiesSenior Living Transformation Company (SLTC) and Sabal Investment Holdings have secured $50 million to acquire and improve two senior living communities that specialize in assisted living and memory care: Daylesford Crossing in Paoli, Pa., and the Villages of Windcrest in…