Net lease news – page 372

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TD Securities Expands to 181K SF at SL Green’s 125 Park AvenueMar 9, 2026TD Securities, the banking and investment arm of TD Bank, has expanded to 181,447 square feet at SL Green Realty’s 125 Park Avenue with a term of 10 years.Representative imageLendingIndustrialPGIM Provides $103M Acquisition Financing to Alterra IOS to Buy 23 U.S. AssetsMar 9, 2026Alterra IOS keeps making moves to bolster its U.S. industrial portfolio. The firm secured $103 million in acquisition financing Monday to facilitate its purchase of 23 industrial outdoor storage (IOS) properties across 18 U.S. markets, Commercial Observer can first report.IndustrialPrologis Adding On To Massive La Porte Logistics ParkMar 9, 2026Prologis broke ground on the final phase of a speculative development within its La Porte, TX, industrial and logistics park, Port Crossing Commerce Center.TenantsCarlyle Group Inks 150K-SF Deal at SL Green’s 245 Park AvenueMar 9, 2026Global investment firm the Carlyle Group has leased more than 202,000 square feet across two Park Avenue buildings, Commercial Observer has learned.LendingS3 Capital Lends $49M for New Jersey Multifamily ProjectMar 9, 2026Development firm RedHoek+ has landed $49 million of construction financing to develop a multifamily project in New Jersey’s Monmouth County, Commercial Observer has learned.DealEaton Vance Acquires 360-Unit Katy Rental CommunityMar 9, 2026Eaton Vance Real Estate Investment Group has acquired Elite 99 West, a 360-unit multifamily property in Katy, Texas. Electra America was the seller. Commercial Search reports that the buyer took out a $40 million Fannie Mae loan originated by Walker & Dunlop.Harvey AI Expands to 185K SF at SL Green’s One Madison AvenueMar 9, 2026Harvey AI Corporation, also known as Harvey, is quickly expanding at SL Green Realty’s One Madison Avenue. The artificial intelligence platform designed to assist law firms doubled its space in the building to 185,326 square feet, according to the landlord.CentersInvestment Firm Brown Advisory Takes 35K SF at 520 Madison AvenueMar 9, 2026Brown Advisory, an investment advisory firm, is moving its headquarters to Tishman Speyer’s 1 million-square-foot Plaza District office tower at 520 Madison Avenue, Commercial Observer has learned.DevelopmentSunbelt Investment Holdings to Develop 363-Unit Multifamily Community in PhoenixMar 9, 2026PHOENIX — Sunbelt Investment Holdings (SIHI) has commenced development of Sanctuair Deer Valley, a Class A multifamily development on 18 acres at the northwest corner of 19th Avenue and West Grandview in Phoenix.Representative imageDealOfficeWest Capital Lending Acquires 104,375 SF Office Building in Irvine, California for $23.7MMar 9, 2026IRVINE, CALIF. — West Capital Lending has purchased 17911 Von Karman Avenue, a five-story Class A office building in Irvine’s Concourse submarket. John Hancock Insurance sold the asset for $23.7 million.DealMarcus & Millichap Negotiates Sale of 554-Unit Self-Storage Facility in Orem, UtahMar 9, 2026OREM, UTAH — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the purchase of Towne Storage Vineyard, a self-storage property in Orem. Storage Center Group acquired the asset for an undisclosed price.Representative imageDealSRS Real Estate Partners Brokers $11.3M Sale of Smart & Final-Occupied Retail Property in Huntington Park, CaliforniaMar 9, 2026HUNTINGTON PARK, CALIF. — SRS Real Estate Partners has arranged the acquisition of a retail property located at 3111 E. Florence Ave. in Huntington Park. A Mexico-based private investor purchased the asset from a Los Angeles-based private investor for $11.3 million.South Florida Developer Rishi Kapoor Arrested, Charged With FraudMar 9, 2026Rishi Kapoor, a prominent South Florida developer connected to former Miami Mayor Francis Suarez, was arrested Friday on criminal federal fraud charges over an alleged $85 million scheme in which prosecutors accuse the developer of diverting funds, lying to financial…IndustrialGwinnett County Seeking Redevelopment Ideas for 106-Acre Industrial SiteMar 9, 2026The Urban Redevelopment Agency of Gwinnett County is looking to reposition a mostly dormant 106-acre industrial property. The site is located just outside the city of Norcross next to Lightera’s optical fiber manufacturing campus.TenantsIndustrialBaer Manufacturing Signs 606,000 SF Industrial Lease in Georgetown, TexasMar 9, 2026GEORGETOWN, TEXAS — Baer Manufacturing, an affiliate of Hunt Electric Corp., has signed a 606,000-square-foot, build-to-suit industrial lease in the northern Austin suburb of Georgetown.Georgia Could Yank Data Center Tax BreaksMar 9, 2026Georgia has issued significant tax breaks for data centers since 2018. The tax breaks enabled the state to become a hotspot for data center development.Representative imageDealIndustrialVelocis Sells 270,000 SF Industrial Property in Bee Cave, TexasMar 9, 2026BEE CAVE, TEXAS — Velocis, a Dallas-based investment and development firm, has sold West Austin Business Park, a 270,000-square-foot industrial property in Bee Cave, a western suburb of Austin.Representative imageDealMedicalMarcus & Millichap Brokers Sale of 18,102 SF Medical Office Complex in Fort WorthMar 9, 2026FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Overton Park Professional Center, an 18,102-square-foot medical office complex in Fort Worth. The two-building property was built in 2000 and was fully leased at the time of sale.LendingGlass House Boca Raton Inks $70M FinancingMar 9, 2026Developer 280 E Palmetto Park Road’s Glass House Boca Raton, secured $70 million in construction financing from Maxim Capital. Spearheaded by Noam Ziv, the nine-story condo project remains on track for its late-2027 completion.DealIndustrialAPG Buys 250,000 SF North 70 Distribution Center in DurhamMar 9, 2026DURHAM, N.C. — Atlanta Property Group (APG) has acquired North 70 Distribution Center, a 250,000-square-foot, vacant distribution facility located at 224 N. Hoover Road in Durham. This acquisition marks APG’s first industrial investment in the Durham submarket.