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Net lease news – page 344
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Representative imageDillard’s Opens 160,000 SF Store at The Mall at Fairfield Commons in Beavercreek, OhioBEAVERCREEK, OHIO — Dillard’s has opened at The Mall at Fairfield Commons in Beavercreek, marking the retailer’s first location in the Dayton area.
Affinius Capital Provides Acquisition Loan for 917,374 SF Industrial Park in Benbrook, TexasBENBROOK, TEXAS — New York City-based Affinius Capital has provided an acquisition loan of an undisclosed amount for Chisholm 20, a 917,374-square-foot industrial park in Benbrook, a southwestern suburb of Fort Worth.
Wood Partners, PGIM to Develop 357-Unit Apartment Community in Morrisville, North CarolinaMORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community.
Representative imageColliers Negotiates 167,120 SF Industrial Lease in Brookshire, TexasBROOKSHIRE, TEXAS — Colliers has negotiated a 167,120-square-foot industrial lease in the western Houston suburb of Brookshire. The tenant was not disclosed.
Colliers Brokers $13.5M Sale of Central Florida Retail Center Near The VillagesSUMMERFIELD, FLA. — Colliers has brokered the $13.5 million sale of Spruce Creek Shoppes, a 42,203-square-foot shopping center located at 17860 S.E. 109th Ave. in Summerfield.
Red Oak Provides $10.2M Loan for Acquisition, Renovation of Apartment Community Near BirminghamFAIRFIELD, ALA. — Red Oak Capital Holdings LLC has provided a $10.2 million bridge loan for the $3.5 million acquisition and $6.6 million repositioning of Chateau Glen Oaks Apartments, a 230-unit, garden-style community located in Fairfield, a suburb of Birmingham.
Representative imageBill Foose Co. Arranges Sale of 13,000 SF Retail Building in Duncanville, TexasDUNCANVILLE, TEXAS — Locally based brokerage firm Bill Foose Co. has arranged the sale of a 13,000-square-foot retail building in Duncanville, located south of Dallas, that was formerly occupied by CVS. According to LoopNet Inc., the building at 615 S.
Representative imageRPT Alliance Signs 11,847 SF Office Lease Expansion in Northwest HoustonHOUSTON — RPT Alliance has signed an 11,847-square-foot office lease expansion in northwest Houston. The oil-and-gas services provider now occupies 25,244 square feet at Sam Houston Crossing II, a 159,056-square-foot building.
RiverGate Mall Demolition Kickstarts $450M Redevelopment EffortMerus is taking the wrecking ball to RiverGate Mall. It’s the first tangible step of the $450 million redevelopment of the onetime thriving retail center. The mall opened in 1971. Merus paid $33 million for the 57-acre site.
Boutique Chelsea Office Building Reaches 100% OccupancyCushman & Wakefield announced that 28&7, a boutique Class A office building located at 205 W. 28th St. in Manhattan’s Chelsea neighborhood, has reached 100% occupancy with two new office leases.
Trident Provides Financing for Future Tesla Supercharger SiteTrident Capital Partners, a boutique real estate debt fund and private REIT, has provided $3 million in financing for the site of a future Tesla Supercharger station in Los Angeles.
Thor Equities Pays $56M for 1165 BroadwayThor Equities has purchased David Haddad’s 1165 Broadway for $56 million, Commercial Observer has learned. The 58,000-square-foot office and retail building is in Manhattan’s NoMad district, at the corner of Broadway and 27th Street.
Arrow Secures Acquisition Loan for LIC Development SiteArrow Real Estate Advisors arranged $9.0 million in acquisition financing for a development site located at 10-38 45th Rd. in Long Island City. The financing was secured on behalf of Century Development Group through MidFirst Bank.
TailoredSpace Will Open 16th Coworking Location with Orange FacilitySouthern California-based TailoredSpace will open its 16th coworking campus in the City of Orange. Located at 191 N. Orange St., the new 11,830-square-foot space is a block from the Orange Circle in the Old Towne Orange Historic District.
TopSide Marinas Expands Ozarks Footprint With AcquisitionTopSide Marinas has acquired Campbell Point Marina, located on Table Rock Lake in Shell Knob, Missouri. This acquisition marks the third for TopSide Marinas in Missouri and the Ozarks, after the acquisition of Cape Fair Marina and Hideaway Marina in 2023.
JLL Arranges Sale, Financing of Edison Industrial Service FacilityJLL Capital Markets arranged the $24.5-million sale and acquisition financing of 76 National Rd., an approximately 5.5-acre, fully occupied industrial service and outdoor storage facility in Edison, NJ.
Gordon Brothers to Market Historic Office Building in Cleveland for SaleGordon Brothers has been retained to lead the sale of the 925 Euclid Avenue building, a historic landmark office known as the Huntington Building. The property spans nearly 1.5 million square feet in the heart of downtown Cleveland’s central business district.
Two At-Risk Rhode Island Hospitals Returned to Local ManagementCenturion Foundation, a charitable 501(c)(3) organization that works with healthcare, educational and government institutions, said Wednesday that Roger Williams Memorial Center in Providence, RI and Our Lady of Fatima Hospital in North Providence, RI, both previously at risk of…
Skylark to Open at JBG Smith’s West Half Development in Navy YardJBG SMITH announced that the new bar and billiards room, Skylark, has leased street-level space at the base of West Half, the firm’s 465-unit residential tower in Navy Yard.
Sagard Real Estate Acquires Warehouse in Supply-Constrained East BaySagard Real Estate has acquired 20201 Mack St., a fully leased industrial property located in Hayward. The seller and sale price were not disclosed.