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Net lease news – page 329
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JLL Negotiates Sale of 315,708 SF Retail Power Center in Conroe, TexasCONROE, TEXAS — JLL has negotiated the sale of Montgomery Plaza, a 315,708-square-foot retail power center located in the northern Houston suburb of Conroe.
Piedmont Capital Adds Charlotte-Area Retail Center to NC HoldingsPiedmont Capital paid $24.5 million for The Shops at Franklin Square. Located in Gastonia, NC, this 134,214-square-foot Ashley Furniture-anchored center is the company’s second retail acquisition in Gaston County and their third closing in 2026.
Representative imagePrologis Breaks Ground on 229,227 SF Industrial Project in La Porte, TexasLA PORTE, TEXAS — Prologis has broken ground on a 229,227-square-foot industrial project in La Porte, an eastern suburb of Houston.
Representative imageIKEA Opens 63,000 SF Store at Shops at Park Lane in North DallasDALLAS — IKEA has opened a 63,000-square-foot store at The Shops at Park Lane, a 33-acre mixed-use development in North Dallas. The small-format store is located on the second level of the center, across from Old Navy and next to American Girl, Champs and Nordstrom Rack.
Representative imageMatthews Arranges Sale of 12,000 SF Academic Building in Leander, TexasLEANDER, TEXAS — Nashville-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of a 12,000-square-foot academic building in Leander, a northern suburb of Austin. The building at 441 W Broade St. is leased to Kindercare Learning.
Representative image2028 Olympics Hospitality Team Signs Big Office Lease in Downtown L.A.The official hospitality provider for the 2028 Summer Olympics has signed Southern California’s biggest office lease so far this year in Downtown Los Angeles.
Gateway Jax Helming Pearl Square Office ProjectGateway Jax will develop 655 Pearl, a 100,000-square-foot office building in downtown Jacksonville, Fla.
Representative imageJLL Arranges $62M Equity Investment for Manhattan Office BuildingNEW YORK CITY — JLL has arranged a $62 million preferred equity investment for 51 Astor Place, a 386,000-square-foot office building in Manhattan’s NoHo neighborhood.
Representative imageDandy Signs 37,400 SF Office Headquarters Lease in Lower ManhattanNEW YORK CITY — Dandy has signed a 37,400-square-foot office headquarters lease in the Financial District of Lower Manhattan. The dental technology company initially leased 18,700 square feet on the 30th floor of the building at 22 Cortlandt St.
Representative imageAce Pickleball Opens 26,500 SF Athletic Facility in North Brunswick, New JerseyNORTH BRUNSWICK, N.J. — Ace Pickleball Club has opened a 26,500-square-foot athletic facility in North Brunswick, about 40 miles southwest of Manhattan.
Cushman & Wakefield | Thalhimer Negotiates $20.2M Sale of Former Keurig Dr Pepper Industrial Facility in Windsor, VirginiaWINDSOR, VA. — Cushman & Wakefield | Thalhimer has negotiated the sale of a former Keurig Dr Pepper (KDP) roasting plant located at 25400 Old Mill Road in Windsor, approximately 11 miles southeast of Suffolk.
Representative imagePhoenix Investors Acquires 334,772 SF Industrial Facility in West Paducah, KentuckyPADUCAH, KY. — An affiliate of Phoenix Investors has purchased a 334,772-square-foot industrial facility located at 7845 Carneal Road in West Paducah. The seller and sales price were not disclosed.
SRS Brokers $9.4M Sale of Single-Tenant Retail Property Leased to Academy Sports in Madison, MississippiMADISON, MISS. — SRS Real Estate Partners has brokered the $9.4 million sale of a single-tenant retail property leased to Academy Sports + Outdoors located in Madison, about 15 miles north of Jackson.
Representative imageMiddleburg, HGI Secure Construction Financing for 299-Unit Multifamily Development in RichmondRICHMOND, VA. — A joint venture between Northern Virginia-based developer Middleburg and affiliates of Harbor Group International (HGI) has secured construction financing for Scottwood, a 299-unit multifamily development located at 4400 W. Broad St. in Richmond.
KBS Sells 210,938 SF Salt Lake Hardware Building in Downtown Salt Lake CitySALT LAKE CITY — KBS has completed the sale of the Salt Lake Hardware Building, a historic office building located at 155 N. 400 West in downtown Salt Lake City, to Dart Interests for an undisclosed price.
Gantry Secures $18M in Financing for Gateway Quads Industrial Property in Mesa, ArizonaMESA, ARIZ. — Gantry has secured an $18 million permanent loan as construction takeout financing following the development and lease-up of Gateway Quads, an industrial park in Mesa. Located at 8150 E.
SRS Real Estate Partners Brokers $13.5M Sale of Two-Tenant Retail Property in Palmdale, CaliforniaPALMDALE, CALIF. — SRS Real Estate Partners has arranged the sale of a two-tenant retail property located at 39112-39228 10th St. West in Palmdale. A family office sold the asset to a Southern California-based private investor for $13.5 million.
JLL Arranges $10.2M Sale of Washington Center Retail Property in DenverDENVER — JLL Capital Markets has arranged the sale of Washington Center, a shopping center located at 812-858 E. 120th Ave. and 11874-11890 Washington St. in Denver. Northglenn LLC sold the property to a local investment firm for $10.3 million.
CRE Trends Amid Demographic Shifts and Geopolitical TensionsCushman & Wakefield’s recently released “Market Matters” report focused on demographic shifts, CRE capital markets and Middle East tensions. Energy Volatility Crude prices have been volatile, though they have stabilized at around $100 per barrel.
Oil Price Increases vs. Cap RatesThere’s been a great deal of discussion about war-driven oil price increases and commercial real estate impacts.