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Net lease news – page 182
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Texas Tapped for Two Buc-ee’sThe attention Buc-ee’s has received from World Cup tourists is widespread. What used to be a regional phenomenon has spread beyond Texas and, for that matter, the United States. The stores pack much more into their building footprint than convenience goods and gas pumps.
Lender Provides $129.8M Loan for Dallas Retail Center RestructuringStandard Chartered closed on a $129.8 million five-year term loan provided to an Ares Real Estate fund (Ares) and funds managed by Northwood Investors for the financing of The Shops at Park Lane, a mixed-use retail and office destination in Dallas, Texas.
Manhattan Retail Momentum Spreads Beyond Premier Shopping CorridorsManhattan’s strong retail recovery continues, driven by a mix of international luxury brands, expanding local operators, ecommerce companies, restaurants, fitness concepts and experiential retailers, the Real Estate Board of New York (REBNY) reported.
Affinius Provides $135M Construction Loan in St. Petersburg for Mixed-Use TowerA joint venture between Focus and Bradford Allen has secured $135 million in construction financing to build 275 Fifth Street, a 24-story, 373-unit mixed-use multifamily tower in St. Petersburg, Fla., Commercial Observer can first report.
Dezer Advancing Plan for 600 N. Miami Apartment UnitsDezer Development is seeking to build 600 residential units and retail spaces in Sunny Isles Beach. The S. Florida Business Journal reports the project.
Zumper: Median Apartment Rent Growth Turns Positive After Year of Annual DeclinesThe Zumper National Rent Index showed the median one-bedroom rent rose 0.5% month-over-month to $1,526, while two-bedroom rent increased 0.1% to $1,905.
Atrium Health Opens $163M Greensboro MOBAtrium Health Wake Forest Baptist (AHWFB) opened Medical Plaza Northwest Greensboro, at 2909 Horse Pen Creek Road. The $163 million, five-story, 134,000-square-foot facility will serve as a regional hub for outpatient surgery, specialty services and comprehensive cancer care.
Representative imageU.K. Firm Bridgepoint Group to Acquire Kayne Anderson Real Estate in $1.4B DealU.K.-based Bridgepoint Group has entered the U.S. real estate market.
Developer Duo Adding 350 Apartments to Dunwoody Mixed-Use ProjectRocaPoint Partners and The Georgetown Co. are planning to build 350 apartment units at Campus 244, a mixed-use project that already includes a five-story office building, retail spaces and a 145-key Element by Marriott hotel.
Representative imageNewQuest Breaks Ground on 163,456 SF Retail Project in Northwest HoustonHOUSTON — NewQuest has broken ground on a 163,456-square-foot retail project in northwest Houston.
Representative imageLee & Associates Negotiates 78,272 SF Industrial Lease in North Fort WorthFORT WORTH, TEXAS — Lee & Associates has negotiated a 78,272-square-foot industrial lease in North Fort Worth. The tenant is Wistron Corp., a provider of high-tech communications products and services, and the space is located within Building H at 35 Eagle Center.
Representative imageMarcus & Millichap Brokers Sale of 49-Room Hotel in Clarendon, TexasCLARENDON, TEXAS — Marcus & Millichap has brokered the sale of a 49-room hotel in the West Texas city of Clarendon.
Pembroke Pines Rental Asset Trades for $80.5MWaterton Residential acquired The Landings at Pembroke Lakes Apartments in Pembroke Pines for $80.5 million. The seller was Bar Invest Group. The S. Florida Business Journal reports the property last traded in 2021 for $79.5 million.
Representative imageScannell Breaks Ground on 1.2 MSF Spec Industrial Building Near Columbus, OhioCOMMERCIAL POINT, OHIO — Scannell Properties has broken ground on the first phase of a logistics park in Commercial Point, a southern suburb of Columbus.
SRS Real Estate Brokers $39.1M Sale of Office Property Leased to University of Wisconsin HealthMIDDLETON, WIS. — SRS Real Estate Partners has brokered the $39.1 million sale of a four-story, 197,860-square-foot office property in Middleton.
Tides Equities Sells Apartment Complex in Phoenix for $41MPHOENIX — Tides Equities has sold Tides on McDowell, a multifamily community located at 4620 W. McDowell Road in Phoenix, to Houston-based Nitya Capital for $41 million.
Marcus & Millichap Arranges $5.3M Sale of Retail Property in Sun Prairie, WisconsinSUN PRAIRIE, WIS. — Marcus & Millichap has brokered the $5.3 million sale of a net-leased childcare facility occupied by Willowbrae Academy in Sun Prairie. The newly built property totals 11,790 square feet. There are more than 14 years remaining on the lease.
Representative imageWoodhouse Spa to Open 6,840 SF Location at Northridge Plaza in Olathe, KansasOLATHE, KAN. — Woodhouse Spa is set to open a new location at Northridge Plaza in Olathe. The day spa will occupy a 6,840-square-foot standalone building within the center for its second location in the Kansas City market.
Rise48 Equity Acquires 108-Unit Multifamily Property in North PhoenixPHOENIX — Rise48 Equity has acquired a 108-unit multifamily property located at 17840 N. Black Canyon Highway in North Phoenix. The company will rebrand the asset as Rise at the Northern. Terms of the transaction were not released.
Great Expectations Receives Construction Financing for 102-Unit Affordable Housing Project in Puyallup, WashingtonPUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has received an undisclosed amount of construction financing for Addison Grove, a 102-unit affordable housing project in Puyallup, 36 miles south of Seattle.