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Net lease news – page 59
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Walton Street Capital Refis Tampa-Area Apartments With $44M LoanA joint venture between Mast Capital and Rockpoint has sealed a $44 million loan to refinance a newly completed garden-style apartment community in a suburb north of Tampa, Fla., Commercial Observer has learned.
Cricket Training Facility Takes 14K SF Near Bryant Park for First U.S. LocationAnyone fancy a game of cricket? Century Cricket Centre, an Australia-based indoor cricket and sports-tech concept, will open its first U.S.
17-Story Denver Office Tower Trades for $3.6MA number of Denver office towers continue to suffer profitability issues. The 17-story tower, once known as Columbine Place, has been bought for $3.63 million. The Denver Business Journal reports building values in downtown Denver have dropped significantly since then.
Broadstone Inks Hobby Lobby, Academy Sports as Manor TenantsBroadstone Net Lease (BNL) secured land in Manor and started construction on build-to-suit developments for Hobby Lobby and Academy Sports, both of which were directly sourced, off-market transactions, and are expected to deliver in the second quarter of 2027.
Representative imageScion Group, Ares Acquire U.S. Student Housing Portfolio for $435MIn their second major acquisition this year, student housing owner and operator the Scion Group and private equity giant Ares Management have purchased a four-community student housing portfolio in Texas, Tennessee and Georgia for approximately $435 million.
Trademark Provides Updates on Repositioning of 646,000 SF Longview Mall in East TexasLONGVIEW, TEXAS — Fort Worth-based owner-operator Trademark Property Co. has provided updates on the repositioning of the 646,000-square-foot Longview Mall in East Texas.
Representative imageMarcus & Millichap Brokers Sale of 277-Unit Self-Storage Facility in Athens, TexasATHENS, TEXAS — Marcus & Millichap has brokered the sale of North Loop Mini Warehouses, a 277-unit self-storage facility in Athens, about 75 miles southeast of Dallas. The facility was built on 7.6 acres in 1994 and spans 53,812 net rentable square feet.
Logistics Property Lands Tenant for 217K-SF Houston-Area WarehouseLogistics Property Company leased 217,758 square feet of build-to-suit warehouse space at CityPark Logistics Center, Building 7 in Missouri City, Texas, with Standex GRID / Amran Instrument Transformers (Standex GRID / Amran).
Representative imageFinial Group Acquires 21,500 SF Industrial Building in North HoustonHOUSTON — Locally based brokerage and investment firm Finial Group has acquired a 21,500-square-foot industrial building in North Houston. The building at 15375 Vantage Parkway E features 20-foot clear heights, two grade-level doors and four dock-high doors.
Representative imageSTRIVE Arranges Sale of 11,397 SF Retail Strip Center in Oklahoma CityOKLAHOMA CITY — Dallas-based brokerage firm STRIVE has arranged the sale of Quail Springs Shoppes, an 11,397-square-foot retail strip center in Oklahoma City. Tenants include CNS Jewelry & Watch Repair and Sit Still Kids Salon.
2026 World Cup Made Localized Impact on Retail, Dining in Host CitiesThe bump in retail and dining visitations for the 11 U.S. host cities of the 2026 FIFA World Cup was localized, Colliers and Placer.ai say in a new report.
Woodfield Starts Deliveries of 325 Beltline Rental UnitsWoodfield Development has begun residential deliveries at Woodrow House as the community’s first build-to-rent townhomes are completed along the Atlanta Beltline’s Westside Trail.
JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real EstateCHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price.
SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in MiamiMIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater neighborhood.
Jamestown Closes on Refis for Two Sandy Springs Retail CentersJamestown received a $72 million floating-rate loan from accounts managed by KKR to refinance Parkside Shops and Hammond Exchange in Sandy Springs. Cushman & Wakefield arranged the loan.
Fairfield Acquires 812-Unit Apartment Community in West Palm Beach from Cortland for $208MWEST PALM BEACH, FLA. — Fairfield, a multifamily owner-operator based in San Diego, has acquired Portofino Place Apartments in West Palm Beach. Atlanta-based Cortland sold the 812-unit property to Fairfield for $208 million, according to multiple media outlets.
Home Invest Purchases 997-Unit Multifamily Community in Stone Mountain, GeorgiaSTONE MOUNTAIN, GA. — Home Invest, a private real estate investment firm based in Palm Beach Gardens, Fla., has purchased East Ponce Village, a 997-unit multifamily community located at 1310 Wood Bend Drive in Stone Mountain. The seller and sales price were not disclosed.
Representative imageChobani Agrees to Buy Former Keurig Dr Pepper Manufacturing Facility in Allentown, Pennsylvania for $125MALLENTOWN, PA. — Chobani has entered into an agreement to acquire the former manufacturing facility of Keurig Dr Pepper in the Lehigh Valley city of Allentown, including the lease, equipment and operations and related infrastructure, for $125 million.
Retail Location Intelligence Grows in Sophistication and UsageIn the late 1960s, science fiction writer Arthur C.
GreenBarn’s David Welsh and David Schonbraun Aren’t Afraid of a Little ComplexityA lot happened in the world in 2020: some bad, some ugly but also some good. Amid the tumult and upheaval came some new shoots — “green” ones, so to speak — and, a few years after that, a pairing of two industry veterans.