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Net lease news – page 217
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Asana Starts Transformation of Former Duke Energy HQAsana Partners, MRP Realty and Rockefeller Group completed the necessary demolition of the former Duke Energy facility. Headquarters at 526 S. Church St. and are now ready to start work on its conversion to multifamily and retail uses.
Representative imageJLL Negotiates 75,000 SF Office Lease at APEX at Legacy in PlanoPLANO, TEXAS — JLL has negotiated a 75,000-square-foot office lease at APEX at Legacy, a 220,000-square-foot building located at the intersection of Dallas North Tollway and Sam Rayburn tollways in Plano.
Representative imageCentury Fire Protection Signs 25,798 SF Industrial Lease in Grand Prairie, TexasGRAND PRAIRIE, TEXAS — Century Fire Protection, which provides fire extinguishers, alarms and sprinkler systems, has signed a 25,798-square-foot industrial lease in the central metroplex city of Grand Prairie. According to LoopNet Inc., the building at 1111 W.
Brookfield, FirstSun Close on Sale of $890M in Multifamily LoansFirstSun Capital Bancorp, the holding company for Sunflower Bank, has closed on the sale of performing multifamily commercial real estate mortgage loans acquired from First Foundation Bank to entities affiliated with Brookfield Asset Management. Terms were not disclosed.
JLL Arranges $70M in Bridge Financing for Delaware Industrial BuildingCLAYMONT, DEL. — JLL has arranged $70 million in bridge financing for Tri-State Distribution Center, a 525,000-square-foot industrial building located about 25 miles outside of Philadelphia in Claymont, Delaware.
139 Bowery Sells Again for $36M After $50M Bankruptcy Deal in MayA glassy building on the Bowery in Manhattan has secured a second sale in a matter of weeks.
Representative imageHyatt Opens 104-Room Livingston Hotel in BrooklynNEW YORK CITY — Hyatt Hotels Corp. has opened The Livingston, a 104-room hotel in Brooklyn’s Boerum Hill neighborhood that is part of the Chicago-based hospitality giant’s JdV by Hyatt collection of brands.
Representative imageNorthcott Silk USA Signs 38,728 SF Industrial Lease in Lyndhurst, New JerseyLYNDHURST, N.J. — Northcott Silk USA has signed a 38,728-square-foot industrial lease in the Northern New Jersey community of Lyndhurst. The textile company is taking about half the space at the building at 1050 Valley Brook Ave., which according to LoopNet Inc.
Representative imageSprouts Farmers Market to Open 28,750 SF Grocery Store in Somerset, New JerseySOMERSET, N.J. — Sprouts Farmers Market will open a 28,750-square-foot grocery store in the Central New Jersey community of Somerset. The Phoenix-based grocer is taking space at the 219,000-square-foot Somerset Shopping Center.
Sunbeam, Stiles Begin Construction on $1B Waterfront Mixed-Use Development in Broward CountyMIRAMAR, FLA. — Private real estate development and management company Sunbeam and Fort Lauderdale-based developer Stiles have broken ground on Miramar Cove, a $1 billion, waterfront mixed-use development in Miramar, a city in South Florida’s Broward County.
Representative imageRockefeller, Matan Break Ground on 1 MSF Distribution Center at Port 460 in Suffolk, VirginiaSUFFOLK, VA. — Rockefeller Group and Matan Cos. have broken ground on Building 3 at Port 460 Logistics Center, an industrial development that will comprise 5 million square feet in Suffolk, approximately 20 miles southwest of Norfolk with direct access to the Port of Virginia.
Federal Realty Sells Harris Teeter-Anchored Shopping Center in Falls Church, Virginia for $58MFALLS CHURCH, VA. — Federal Realty Investment Trust has sold Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller in the $58 million transaction.
Representative imageJLL Income Property Trust Receives $49M Loan for UPS-Occupied Distribution Facility Near LouisvilleSHEPHERDSVILLE, KY. — JLL Income Property Trust has received a $49 million mortgage loan for Louisville Logistics Center, a 1 million-square-foot distribution facility located in Shepherdsville, a southern suburb of Louisville.
Cinnaire Closes $307M LIHTC Equity Fund for 2,259 Affordable Housing Units Across 10 StatesLANSING, MICH. — Lansing-based Cinnaire has closed a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, Fund for Housing LP 45, which will finance the creation and preservation of 2,259 affordable housing units across 27 properties in 10 states.
Colliers Brokers Sale of 82,847 SF Avalon Crossing Shopping Center in IndianapolisINDIANAPOLIS — Colliers has brokered the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis.
Krueger Group Opens 25-Unit Rental Townhome Development in Rocky River, OhioROCKY RIVER, OHIO — The Krueger Group (TKG) has opened Phase II of ORRIS, which brings 25 rental townhomes along Center Ridge Road in Rocky River, a suburb of Cleveland. Cross Street is handling leasing, marketing and property management.
CMBS Distress Rises in 17 of the 25 Largest U.S. MarketsCRED iQ’s May 2026 commercial mortgage-backed securities (CMBS) distress analysis reveals widening stress across the nation’s largest metropolitan markets — with the overall distress rate among the top 25 most populous U.S.
Representative imageHey, Retailers, the Soccer Ball’s in Your Court This Would CupThe FIFA World Cup, the world’s biggest sporting event, should excite not only soccer fans, but also retailers, restaurateurs and U.S. downtowns. Why? It presents an outstanding opportunity to attract foot traffic and score new customers. But it’s not a passive opportunity.
Realterm CEO Bob Fordi Is Transforming the IOS BusinessFor most companies, the period of COVID-19 — roughly 2020 to 2022 — was considered nothing short of catastrophic, as the global pandemic presented an existential threat to business plans, underwriting assumptions and, of course, tens of millions of lives.
Representative imageData Centers Are Plugging a Big Hole in the U.S. Construction IndustryMore apartment buildings might make housing more affordable. Fair enough. The U.S. construction industry, though, is building shelter much faster for robots and other AI-driven technology than for tenants.