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Net lease news – page 189
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Hillwood Adding 1.2M SF of Warehouse Space to AllianceTexasHillwood plans to develop Alliance Westport 16, a 1,214,969-square-foot Class A speculative industrial building in the Alliance Logistics District. Construction has commenced, and completion is expected in July 2027.
McKesson Building $179M OKC Distribution CenterMcKesson Corporation, a Fortune 100, U.S.-based company that helps ensure patients can access medicines, has selected Moore, Oklahoma, as the location for a $179 million automated regional distribution facility at the North Moore Industrial Park.
Representative imageBlackstone Lands $115M Refi for Fort Lauderdale W Hotel From JP MorganBlackstone nabbed $115 million to refinance the oceanfront, W hotel in Fort Lauderdale, Fla., property records show. The debt from J.P. Morgan Chase covers the 346-room property at 401 North Fort Lauderdale Beach Boulevard, between Riomar Street and Bayshore Drive.
323K-SF San Antonio Office Campus Acquired to SynerMarkA SynerMark Properties-led partnership purchased Union Square I & II, a 323,949-square-foot office campus in North Central San Antonio. Preferred equity was provided by Tryperion Holdings. The seller was a joint venture led by Worth & Associates.
290K-SF Paris Retail Center Trades HandsCulpetter Realty sold the Paris Towne Center, a 291,958-square-foot, grocery-anchored retail center located in Paris, Texas. The buyer was Corsair Property Company. Paris Towne Center is at the intersection of SE Loop 286 and US Highway 82.
Workplace Safety Platform Intenseye Takes 9K SF at 220 West 19th StreetIntenseye, an artificial intelligence-powered workplace safety platform, has signed a full-floor, 9,485-square-foot lease at Red Circle NY’s 220 West 19th Street in Manhattan’s Chelsea neighborhood, according to landlord broker Avison Young.
Connect CRE Spotlights the 2026 Next Generation Award WinnersFor the 10th consecutive year, Connect CRE is honoring up-and-coming industry leaders with the 2026 Next Generation Awards.
Developer Planning 220-Unit Homestead-Area Rental CommunityAlcazar Development Group III has proposed an apartment complex just outside Homestead near where the company completed another project in 2019.
Mesa West Provides $83M Refi for 352-Unit Seattle-Area Multifamily ComplexHarrison Street Asset Management and Security Properties have secured $82.5 million to refinance Olin Fields, a 21-building, 352‑unit apartment community outside of Seattle, Commercial Observer can first report.
Dwight Capital Refis Oregon Apartments With $39M HUD LoanPacific Northwest developer Pahlisch Commercial has landed $39 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a newly built multifamily development in a suburb outside Portland, Ore., Commercial Observer has learned.
Greystar Buys CoolSprings Mall Parcel, Planning 361 Rental UnitsGreystar bought a 5.35-acre portion of a CoolSprings Galleria parking lot from CBL Properties, the developer and owner of the Franklin mall. The Nashville Business Journal reports the deal closed for $11 million.
Portman Closes $540M Financing to Develop Cincinnati Downtown Marriott HotelNational developer Portman has closed on $540 million in financing to develop the Cincinnati Downtown Marriott hotel.
NMHC, NYU Release Roadmap for Addressing Affordability ChallengesThe National Multifamily Housing Council (NMHC), in partnership with the NYU Urban Lab at the Schack Institute of Real Estate, has released The Housing Affordability Toolkit, a policy resource outlining a roadmap for addressing the nation’s rental housing affordability crisis.
Hillwood Breaks Ground on 1.2 MSF Spec Industrial Project at AllianceTexas in North Fort WorthFORT WORTH, TEXAS — Hillwood has broken ground on a 1.2 million-square-foot speculative industrial project at within its AllianceTexas master-planned community in North Fort Worth.
CBRE Arranges Acquisition Financing for 353,000 SF Retail Property in San AntonioSAN ANTONIO — CBRE has arranged an undisclosed amount of acquisition financing for The Legacy, a 353,000-square-foot retail property in San Antonio. Built on 32 acres in 2006, The Legacy is home to tenants such as Main Event Entertainment, Best Buy and Buffalo Wild Wings.
Representative imageMarcus & Millichap Brokers Sale of 306-Unit Self-Storage Facility in Denison, TexasDENISON, TEXAS — Marcus & Millichap has brokered the sale of A-Alpha Self Storage, a 306-unit facility in the North Texas city of Denison.
Representative imageLument Provides $14.4M Agency Acquisition Loan for Northwest Houston Multifamily PropertyHOUSTON — Lument has provided a $14.4 million Fannie Mae acquisition loan for Aspen Forest, a 144-unit, garden-style multifamily property in northwest Houston. Built in 1985 and renovated in 2020, Aspen Forest comprises 36 buildings that exclusively house two-bedroom units.
Representative imageMichigan Strategic Fund Approves $270.7M Plan for Redevelopment of Former Lakeside MallSTERLING HEIGHTS, MICH. — Gov. Gretchen Whitmer and the Michigan Strategic Fund Board have approved a $270.7 million Transformational Brownfield Plan (TBP) to support the redevelopment of the former Lakeside Mall site in Sterling Heights.
Representative imageBWE Arranges $37M Bridge Loan for Apartment Building in Kalamazoo, MichiganKALAMAZOO, MICH. — BWE has arranged a $37 million bridge loan for The Exchange, a 15-story apartment building in Kalamazoo.
CBRE Brokers $7.1M Sale of Bayside Townhomes in Kenosha, WisconsinKENOSHA, WIS. — CBRE has brokered the $7.1 million sale of Bayside Townhomes, a 32-unit multifamily community in Kenosha. CBRE’s Matson Holbrook, Gretchen Richards and Sean Beuche represented the seller, Bayside Townhomes LLC. Campbell Creek Communities LLC was the buyer.