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Net lease news – page 255
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Emerson, Philip Roper Deliver 201-Unit Apartment Community in Metro RichmondCHESTER, VA. — Locally based Emerson Cos. and independent developer Philip Roper have delivered The River Apartments, a 201-unit community located at 1350 Meadowville Technology Parkway in Chester.
Cushman & Wakefield Negotiates Sale of Publix-Anchored Shopping Center in Central FloridaLONGWOOD, FLA. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot, Publix-anchored shopping center located at 3857 Wekiva Springs Road in Longwood, roughly 15 miles north of Orlando.
MCEC Closes $43M C-PACE Loan for Marriott Downtown Frederick Hotel in MarylandFREDERICK, MD. — The Maryland Clean Energy Center (MCEC) has closed a $43 million loan for the development of the Marriott Downtown Frederick at Carroll Creek, a 204-room hotel underway in downtown Frederick.
Representative imageTailwind Group Buys 543-Bed Student Housing Community Near Baylor University, Plans RenovationWACO, TEXAS — Tailwind Group has acquired The Outpost Waco, a 543-bed student housing community located near the Baylor University campus, with plans to commence renovations in June.
Representative imageOak Street Capital Arranges $15M Construction Loan for Mixed-Use Project in Taylor, TexasTAYLOR, TEXAS — Oak Street Capital, an Austin-based financial intermediary, has arranged a $15 million construction loan for a mixed-use project that will be located in the Central Texas city of Taylor.
Representative imageBoulder Group Negotiates $4.7M Sale of Retail Building in Corinth, TexasCORINTH, TEXAS — The Boulder Group, a brokerage firm specializing in net-lease deals, has negotiated the $4.7 million sale of a 12,983-square-foot retail building in Corinth, located north of the metroplex in Denton County. CVS occupies the building at 1101 FM 2181.
Representative imageTishman Speyer Lands 163 KSF Chicago Lease ExtensionA law firm will continue to occupy five floors at this riverfront tower. The post Tishman Speyer Lands 163 KSF Chicago Lease Extension appeared first on Commercial Property Executive.
NEPCG Arranges $17.3M Sale of Multifamily Portfolio in New London, ConnecticutNEW LONDON, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $17.3 million sale of a portfolio of three multifamily properties totaling 136 units in New London, located in southern coastal Connecticut.
Millburn & Co. Buys 339-Unit Apartment Community in Mesa, ArizonaMESA, ARIZ. — Salt Lake City-based Millburn & Co. has acquired Ascend at Longbow Highpoint, a multifamily property in Mesa, from D.R. Horton for an undisclosed price. Matt Pesch, Asher Gunter and Austin Groen of CBRE represented the seller in the transaction.
IPA Arranges $28M Sale of Park Encino Multifamily Property in Los AngelesLOS ANGELES — Institutional Property Advisors (IPA) has arranged the $28 million sale of Park Encino, a 52-unit apartment property in the Encino neighborhood of Los Angeles.
Representative imageICON Real Estate Negotiates $11.2M Sale of Apartment Building in Chatham, New JerseyCHATHAM, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $11.2 million sale of a 31-unit apartment building in the Northern New Jersey community of Chatham. The building at 49 S. Passaic Ave.
Seven New Tenants to Open at Verrado Marketplace Shopping Center in Metro PhoenixBUCKEYE, ARIZ. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix.
Lee & Associates Brokers Sale of 20,142 SF Industrial Building in Carlsbad, CaliforniaCARLSBAD, CALIF. — Lee & Associates has negotiated the sale of an industrial property located at 3186 Lionshead Ave. in Carlsbad. The asset traded for $6.3 million.
Vedder Signs 163,000 SF Headquarters Lease Extension in Downtown ChicagoCHICAGO — Vedder has signed a 163,000-square-foot headquarters lease extension at 222 N. LaSalle Street, a 26-story office building in downtown Chicago. Vedder signed a 12-year extension to maintain its global headquarters at the building through 2041.
Representative imageNuveen JV Closes $43M C-PACE Loan for Maryland HotelIt’s the largest such financing in state history. The post Nuveen JV Closes $43M C-PACE Loan for Maryland Hotel appeared first on Commercial Property Executive.
Representative imageSF Capital Group Arranges $32M Acquisition Loan for Michigan Multifamily PropertySHELBY TOWNSHIP, MICH. — SF Capital Group has arranged a $32 million loan for the acquisition of a 368-unit multifamily property in Shelby Township.
Representative imageSustainability Street: The Rise of Intelligent BuildingsR-Zero's Jennifer Nuckles and CPE's Therese Fitzgerald discuss how self-optimizing properties automatically reduce energy usage and improve NOI. The post Sustainability Street: The Rise of Intelligent Buildings appeared first on Commercial Property Executive.
Representative imageTSMC Advances $165B Investment Plan With New Capital InjectionThe manufacturer constructed two of the six planned plants, with a third underway. The post TSMC Advances $165B Investment Plan With New Capital Injection appeared first on Commercial Property Executive.
Representative imageBoston Andes Secures 95 KSF LeaseA nonprofit organization tenant brings the property to full occupancy. The post Boston Andes Secures 95 KSF Lease appeared first on Commercial Property Executive.
Big Shift In Retail Space As Institutional Capital Moves Into LaundromatsWhy Institutional Capital Is Moving Into Laundromats – and What This Means for Retail Landlords There are more than 35,000 laundromats in the United States, nearly all of them leasing space in strip malls, neighborhood shopping centers, and mixed-use retail corridors.