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Net lease news – page 156
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Representative imageNorthmarq Arranges Refinancing of 199-Unit Apartment Complex in Corpus ChristiCORPUS CHRISTI, TEXAS — Northmarq has arranged a loan of an undisclosed amount for the refinancing of the 199-unit Wood River Apartments in Corpus Christi.
Avison Young Brokers $17.9M Sale of Apartment Building in Norwalk, ConnecticutNORWALK, CONN. — Avison Young has brokered the $17.9 million sale of The Stonefield, a 55-unit apartment building located in the southern coastal Connecticut city of Norwalk. According to LoopNet Inc.
Representative imageREXA Nears Completion of 110,000 SF Manufacturing Facility in Middleborough, MassachusettsMIDDLEBOROUGH, MASS. — REXA Inc., a provider of engineered process control solutions, is nearing completion of a 110,000-square-foot manufacturing facility in Middleborough, located south of Boston.
Representative imageMatthews Arranges $8.8M Sale of Retail Property in Nashua, New HampshireNASHUA, N.H. — Nashville-based brokerage firm Matthews has arranged the $8.8 million sale of a 44,000-square-foot retail property in Nashua, located on the Massachusetts-New Hampshire border.
$563M Palmetto Hospital Reaches Construction MilestoneBayCare Health System has topped out its $563 million hospital in Palmetto. The 463,000-square-foot facility is slated to open near the end of 2028.
Representative imageSPORTFIVE Signs 18,038 SF Office Lease in Midtown ManhattanNEW YORK CITY — SPORTFIVE has signed an 18,038-square-foot office lease in Midtown Manhattan. The German sports marketing firm will occupy a full floor at 477 Madison Avenue, a 24-story building.
Investor Launching $100M BTR Fund To Capitalize On Opportunity From Housing BillPPR Capital Management just began investing in the build-to-rent housing sector last year, and now it is looking to pounce on a market it sees as benefiting from the new federal housing law. The Wayne, Pennsylvania-based firm this week is launching...
Opryland Resort Continues to GrowThe massive Nashville hotel-and-entertainment Mecca is getting even more massive.
Bass Pro Shops Acquires 27-Acre Cheeca Lodge & Spa Resort in Florida KeysISLAMORADA, FLA. — Bass Pro Shops, an outdoors retailer based in Springfield, Mo., has purchased Cheeca Lodge & Spa, a 27-acre resort in the Florida Keys city of Islamorada that was established in 1946.
Representative imageNewmark Negotiates $132M Sale of Industrial Park in Woodbridge, VirginiaWOODBRIDGE, VA. — Newmark has negotiated the $132 million sale of Featherstone Industrial Park, a 13-building, 734,606-square-foot industrial property in Woodbridge, a city in Northern Virginia that sits about 23 miles from Washington, D.C.
Colliers Brokers Sale of 111,852 SF Shopping Center in AshevilleASHEVILLE, N.C. — Colliers has brokered the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville.
NAI Hallmark Arranges $14.7M Sale of Butler Pointe Office Building in JacksonvilleJACKSONVILLE, FLA. — NAI Hallmark has arranged the $14.7 million sale of Butler Pointe, a five-story, 151,815-square-foot office building located at 4500 Salisbury Road in Jacksonville.
Amazon Rents 1.2M-SF Atlanta-Area WarehouseAmazon leased 1,219,826 square feet at 1305 Highway 42 South, 20 miles southeast of Atlanta. PNK Group USA developed the site that was delivered in March. The Atlanta Business Chronicle reports the lease is likely the town’s largest so far this year.
JLL Secures $332M Refinancing for Luxury Multifamily Tower in ChicagoCHICAGO — JLL Capital Markets has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower. Standing 76 stories and 893 feet tall, the property is Chicago’s tallest rental tower, according to JLL. Located at 1210 S.
Mapletree Breaks Ground on 419,520 SF Spec Industrial Facility in Joliet, IllinoisJOLIET, ILL. — Mapletree Investments has broken ground on a 419,520-square-foot speculative industrial facility in Joliet. Completion of the 29-acre project is slated for the first quarter of 2027.
Representative imageTranswestern Acquires Forte Real Estate Partners in MinneapolisMINNEAPOLIS — Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The transaction adds 12 healthcare, office and industrial tenant advisory team members and a broad property management portfolio.
Hanley Investment Group Arranges Sale of Three O’Reilly Auto Parts Stores in WisconsinWISCONSIN — Hanley Investment Group Real Estate Advisors has arranged the off-market sale of three single-tenant retail properties occupied by O’Reilly Auto Parts in Wisconsin.
Representative imageNew York Enacting Nation’s First Statewide Data Center MoratoriumCommercial real estate’s booming data center industry is suddenly not in an Empire State of mind. New York Gov.
Tristan Lends Goldman And Edge JV £340M To Complete London OfficeTristan Capital Partners has provided £340M in senior real estate debt to a joint venture between Goldman Sachs Alternatives and Edge Technologies to refinance the existing construction facility and fund the remaining costs to complete Edge London Bridge. Edge...
Events Operator Glasshouse Signs 30-Year Lease for 3 World Trade CenterGlasshouse has signed a long-term lease for 66,436 square feet at 3 World Trade Center.