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Net lease news – page 223
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Lenny’s Repair Takes 14K SF at Red Hook’s 590 Smith StreetRepaired phone wholesaler Lenny’s Repair has taken 14,000 square feet of flex warehouse and office space at 590 Smith Street in Red Hook, Brooklyn, Commercial Observer has learned. The five-and-a-half-year deal was signed last week. Asking rent was $18 per square foot.
JLL Closes HUD 232/223(f) Loan for New Hampshire Memory Care FacilityJLL Capital Markets announced that through its lending arm, JLL Real Estate Capital, LLC, it closed a $20.3-million HUD 232/223(f) insured mortgage loan for Spring Village at Dover,a 50-unit / 56-bed memory care community located in Dover, NH.
Representative imageAdam Neumann’s Flow Sells Miami Worldcenter Site: UpdatedAdam Neumann’s Flow has sold off a development parcel within the 27-acre Miami Worldcenter master development for $26.6 million, property records show.
Blackstone’s Link Logistics Sells Light Industrial Portfolio for $1.8BAs the nation’s warehousing space demands shift, a joint venture is putting down $1.81 billion for a 90 percent leased light industrial portfolio across four states.
Data Center Developer Edged Takes Penthouse at Marx Realty’s 10 Grand CentralEdged, a subsidiary of tech infrastructure innovation company Endeavour, will open its first New York City office right next to Grand Central Terminal.
Pink Salon to Open 5K-SF Beauty Parlor at 72-01 Queens BoulevardBeauty parlor Pink Salon is establishing a footprint along Queens Boulevard in Woodside, Queens, Commercial Observer has learned.
Seco Planning 12-Story, $100M FW Apartment HighriseSeco Enterprises is planning to build a highrise apartment complex in the heart of the Panther Island district on the corner of North Main Street and Northeast Fourth Street. The tower would span about 250,000 square feet.
Representative imageSoJo Spa Owner Buys Office and Retail Building at 893 Broadway for $31MSoJo Spa Club owner Hyun Jun An has purchased 893 Broadway in Manhattan’s Flatiron District for $31 million, according to property records made public Wednesday.
Dallas Stars Pursuing Move to PlanoThe Dallas Stars NHL hockey team is eyeing a move from its downtown arena to Plano. The team is looking at building a new arena and sports and entertainment district at The Shops at Willow Bend.
Arthaus, Belay Expand into San Francisco with Nob Hill AcquisitionArtHaus Partners, in partnership with Belay Investment Group, has acquired The Terraces, a 117-unit multifamily property in San Francisco’s Nob Hill neighborhood.
Kasa Enters Boston Market in Partnership with Samuels & AssociatesKasa, a hotel and apart-hotel brand and manager, has entered the Boston market with the opening of Kasa Boston at Fenway. Launched in partnership with Samuels & Associates, the property marks Kasa’s debut in Boston, among the most high-demand, undersupplied cities in the U.S.
Derby Copeland Capital Provides $54 Million Refi for Lexington Avenue CondoRybak Development and BK Developers have secured $54 million to refinance 660 Lexington Avenue, a 19-story, 31-unit condominium in the Midtown East section of Manhattan, Commercial Observer can first report.
Recent Houston Highrise Buyer Plans $11M RevampSade Real Estate is planning $11 milion in upgrades on its recently purchased apartment tower between River Oaks and Greenway Plaza.
Simpson Thacher Leases More Than 900K SF at New Extell TowerLaw firm Simpson Thacher & Bartlett has committed to 916,000 square feet at Extell Development’s new 570 Fifth Ave. tower in Midtown Manhattan, the New York Business Journal said, citing a report from Colliers.
EQT Real Estate Targets $6B Fundraise for U.S. Industrial PropertiesEQT Real Estate has set the target size for EQT Exeter Industrial Value Fund VII at $6 billion.
Samsung Ditches NJ, Moving US HQ to PlanoSamsung Electronics Co. Ltd. is moving its U.S. headquarters from New Jersey to Plano, along with 1,000 employees. Employees were informed of the relocation last week. The move is expected to take place before the end of the year.
Representative imageDallas Stars Plan New Arena, Mixed-Use Entertainment District in PlanoPLANO, TEXAS — The Dallas Stars are planning to open a new hockey arena and mixed-use entertainment district at The Shops at Willow Bend in Plano.
SurePoint Breaks Ground on 861-Unit Self-Storage Facility in The Woodlands, TexasTHE WOODLANDS, TEXAS — SurePoint Development, a San Antonio-based self-storage owner-operator, has broken ground on an 861-unit facility in The Woodlands, about 30 miles north of Houston.
Kurv Delivers 326K-SF Miami Warehouse ProjectMiller Construction Company completed Bridge Point Miami Station, a new industrial development for client Kurv Industrial. The project, located at 11690 NW 105th Street in Miami, consists of two new ground-up, tilt-wall warehouses totaling 326,448 square feet.
Premier PV Signs 265,400 SF Industrial Lease in Southwest DallasDALLAS — Premier PV, a provider of solar photovoltaic products and services, has signed a 265,400-square-foot industrial lease in southwest Dallas.