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Net lease news – page 40
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Municipal Credit Union Signs 6K-SF Lease for New Branch at 162-15 Jamaica AvenueMunicipal Credit Union (MCU) has signed a lease to open a new retail branch in Jamaica, Queens, Commercial Observer has learned.
Mesa Expected to Okay $3B Legacy Park ProjectThe Mesa City Council is expected to move ahead Monday on a $3 billion venture that will include hospitality, apartments, office and restaurant offerings. Vestar will be helming the project.
Multifamily Developer LCOR Buys Taconic’s UES Life Sciences Site for $73MTaconic Partners has parted with another life sciences project in Manhattan. The developer sold 309 East 94th Street on the Upper East Side for $73 million, according to city records filed Thursday.
Gardner Tanenbaum Completes $60M Adaptive Reuse Project in Downtown Oklahoma CityOKLAHOMA CITY — Gardner Tanenbaum Holdings has completed a $60 million adaptive reuse project in downtown Oklahoma City. The project converted two historic buildings —the Tradesmen National Bank building at 101 N.
Representative imageMarcus & Millichap Brokers Sale of 299-Unit Self-Storage Facility in Crowley, TexasCROWLEY, TEXAS — Marcus & Millichap has brokered the sale of Crowley Space Station, a 299-unit self-storage facility located south of Fort Worth.
Representative imageSansone Group Delivers 269,700 SF Industrial Building in Midlothian, TexasMIDLOTHIAN, TEXAS — St. Louis-based developer Sansone Group has delivered Palmer Logistics, a 269,700-square-foot industrial project located in the southern Dallas suburb of Midlothian.
Representative imageOxford Partners Negotiates 10,709 SF Industrial Lease Renewal, Expansion in Northwest HoustonHOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 10,709-square-foot industrial lease renewal and expansion in northwest Houston. According to LoopNet Inc., the building at 8901 Jameel Road was constructed in 1980 and totals 47,510 square feet.
CREFC Names Paul Vanderslice as New President and CEOThe CRE Finance Council (CREFC) said Friday that Paul T. Vanderslice has been named president and CEO, effective Sept. 30. He succeeds Lisa Pendergast, who led CREFC for a decade before retiring last month.
Taurus Acquires 412K-SF Laredo Business ParkTaurus Investment Holdings acquired Crossroads Business Park in Laredo, Texas. Currently fully leased, the portfolio consists of eight shallow-bay buildings totaling 412,871 square feet.
CRE Finance Council Names Paul Vanderslice New CEOThe CRE Finance Council has turned to a commercial real estate banking veteran as its next leader.
Representative imageSL Green Sells Lower Manhattan Office Building for $226MNEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has sold 110 Greene Street, a 223,000-square-foot office building in Lower Manhattan, for $226 million.
McDermott Will & Schulte Signs 150,000 SF Office Lease in Midtown ManhattanNEW YORK CITY — McDermott Will & Schulte has signed a 150,000-square-foot office lease in Midtown Manhattan. The global law firm will occupy the entirety of floors 31 through 37 at 343 Madison Avenue, a 46-story, 930,000-square-foot building that is currently under construction.
STRO Cos., KRE Group Acquire 120,000 SF Industrial Portfolio in Elmwood Park, New JerseyELMWOOD PARK, N.J. — A partnership between two locally based investment firms, The STRO Cos. and KRE Group, has acquired a portfolio of three industrial buildings totaling approximately 120,000 square feet in the Northern New Jersey community of Elmwood Park.
Representative imageMarcus & Millichap Brokers $5M Sale of Upper Manhattan Apartment BuildingNEW YORK CITY — Marcus & Millichap has brokered the $5 million sale of a 35-unit apartment building in Upper Manhattan. The five-story building at 120 Haven St. houses six one-bedroom units, 25 two-bedroom residences and four three-bedroom apartments.
Representative imageHarbor Fitness to Open 20K-SF Club at 3460 Nostrand Avenue in South BrooklynHarbor Fitness has signed a lease for its eighth location in Brooklyn, Commercial Observer has learned. The Brooklyn-based fitness brand signed a 25-year, 20,000-square-foot lease at Gaama Partners’ 3460 Nostrand Avenue, according to broker Augenbaum Realty.
Data Center Supplier to Spend $1B on Charlotte-Area Factory ExpansionPrysmian North America, a leading provider of solutions for energy and digital connections, is spending over $1 billion on its factory expansion in Catawba County. The 900,000-square-foot addition to the Claremont facility will create more than 385 new jobs.
Evolve Inks $70M Construction Loan for Palm Coast ApartmentsEvolve Companies closed on a $70 million bridge and construction loan for a 352-unit multifamily development at 4800 US Hwy. 1 N. in Palm Coast, Florida.
Waterton Acquires 482-Unit Reserve at Chino Hills Apartments in CaliforniaCHINO HILLS, CALIF. — Waterton has purchased Reserve at Chino Hills, a multifamily property in Chino Hills. Terms of the transaction were not disclosed. Situated on 20 acres at 4200 Village Drive, the garden-style community features 46 residential buildings and a clubhouse.
Representative imageFoundation 8 Receives $44.5M Loan for Office Component of Mixed-Use Tower in Downtown PhoenixPHOENIX — Foundation 8 has received a $44.5 million loan secured by the office component of 333 N. Central Avenue, a mixed-use tower in downtown Phoenix.
MidPen Housing Completes 50-Unit Jessie Street Terrace Affordable Housing Property in Santa CruzSANTA CRUZ, CALIF. — MidPen Housing has completed and opened Jessie Street Terrace, an affordable housing redevelopment in Santa Cruz.