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Net lease news – page 366
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Representative imageTYLER’S to Open 16,653 SF Store at Firefly Park in FriscoFRISCO, TEXAS — Sportswear retailer TYLER’S will open a 16,653-square-foot store at Firefly Park, a 217-acre mixed-use development in Frisco.
CRG, Cole West Break Ground on 693-Bed Student Housing Property Near University of UtahSALT LAKE CITY — CRG and Utah-based Cole West have broken ground on Chapter Salt Lake City, a six-story student housing community at 410 S. 900 East in Salt Lake City. LJC, an integrated architecture and engineering firm of CRG, designed the community.
IPA Capital Markets Arranges $44M in Financing for Two Apartment Properties in Los AngelesLOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $44 million in financing for two multifamily communities in Los Angeles. Moderno Axis, located at 7650 Van Nuys Blvd.
Waterfall Provides $127M Loan for Refinancing of Metro Philadelphia Office CampusKING OF PRUSSIA, PA. — Waterfall Asset Management, a New York City-based lender, has provided a $127 million loan for the refinancing of Chesterbrook, a 1.1 million-square-foot office campus located northwest of Philadelphia in King of Prussia.
Inland Buys 132-Unit Seniors Housing Community in Monument, ColoradoMONUMENT, COLO. — Inland Real Estate Acquisitions has negotiated and closed the purchase of Jackson Creek Senior Living, a 132-unit seniors housing property in Monument, approximately 20 miles north of Colorado Springs.
Tacoma Public Schools Acquires Two-Building Industrial Property in Washington for $12.1MTACOMA, WASH. — Tacoma Public Schools (TPS) has purchased a two-building industrial property in Tacoma from Broadstone Cable LLC for $12.1 million. Located at 4401 S. Orchard St. on 6.1 acres, the asset offers 86,000 square feet of industrial space.
Colliers Arranges $156M Sale of Huntington Tower in Downtown DetroitDETROIT — Colliers has arranged the sale of Huntington Tower, a 21-story office building located at 2025 Woodward Ave. in downtown Detroit.
Gantry Secures $25.5M Refinancing for Logistics Facility in Riverside, MissouriRIVERSIDE, MO. — Gantry has secured a $25.5 million permanent loan to retire maturing construction debt from the development of Riverside Logistics Centre II, a 328,000-square-foot, multi-tenant logistics facility in the northwest Kansas City suburb of Riverside.
Endeavor Breaks Ground on 1,009-Bed Student Housing Development Near University of ArkansasFAYETTEVILLE, ARK. — Endeavor Real Estate Group has begun construction on Juniper, a 1,009-bed student housing development located at 77 S. Duncan Ave. near the University of Arkansas campus in Fayetteville.
Block & Co. Brokers Sale of 81,884 SF Shopping Center in Kansas CityKANSAS CITY, MO. — Block & Co. Inc. Realtors has brokered the sale of the New Mark Shopping Center, an 81,884-square-foot neighborhood retail center in Kansas City anchored by a 52,000-square-foot Sun Fresh Grocery store. The property was 95 percent leased at the time of sale.
Joint Venture to Develop $67M Multifamily Project in Lehigh ValleyPALMER TOWNSHIP, PA. — A joint venture between Greystone Capital, Black Bear Asset Management and The Crest Group will develop a $67 million multifamily project in Palmer Township, located outside of Allentown in the Lehigh Valley region.
Representative imageLEG, JM Zell Plan to Convert Former TSA Headquarters in Metro D.C. to Apartment PropertyARLINGTON, VA. — Lincoln Equities Group (LEG) and JM Zell Partners have submitted an application to convert the former headquarters of the Transportation Security Administration (TSA) in Arlington’s Pentagon City neighborhood into apartments.
Foundry Acquires Five Seniors Housing Communities in Georgia, FloridaORLANDO, FLA. — Foundry Commercial, a commercial real estate services firm, developer and investor based in Orlando, has acquired five seniors housing communities in Georgia and Florida.
Vornado, LeFrak Bring Le Colonial Restaurant Back to ManhattanVornado Realty Trust and LeFrak announced an agreement with Le Colonial to open a new restaurant at 50 W. 57th St., marking the French Vietnamese concept’s return to Manhattan. This new location is expected to open summer 2027.
IPA Capital Markets Arranges Financing on Two Luxury LA Multifamily PropertiesIPA Capital Markets, a division of Marcus & Millichap, finalized the $44-million financing of two luxury multifamily properties in Los Angeles. Moderno Axis, a 126-unit apartment complex located at 7650 Van Nuys Blvd.
NY Blood Center Opens First Bronx Location in Throggs NeckSimone Development Companies recently joined executives and staff of the New York Blood Center (NYBC) in celebrating the grand opening of the new 4,000-square-foot Bronx Donor Center at the Throggs Neck Shopping Center at 815 Hutchinson River Pkwy.
1031 Buyer Acquires Single-Tenant Pads in MurrietaHanley Investment Group Real Estate Advisors arranged the $6.9-million sale of two adjacent single‑tenant pads leased to Quick Quack Car Wash and Popeyes in Murrieta. The transaction closed before Popeyes commenced construction and opened for business.
Northmarq Brokers $44M Sale of Omaha Metro ApartmentsNorthmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Dominic Martinez, Alex Malzone and Anthony Martinez arranged the $44.2 million sale of Apex at Twin Creek, a 240-unit garden-style multifamily community located at 4002 Raynor Parkway in Bellevue, Nebraska.
Black Bear Capital Arranges Lease-Up Financing for Central Islip ApartmentsBlack Bear Capital Partners (BBCP) has arranged $39 million in financing on behalf of The Crest Group to refinance the Villas at Eastview, a newly constructed 100-unit luxury multifamily community in Central Islip, NY.
Four New Tenants Open at MO Mixed-Use DevelopmentFour new businesses have opened at The Prairie, a mixed-use development located in Dardenne Prairie, Missouri, adding new retail and service offerings.