Net lease news – page 89

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Avelo Airlines Reveals First McKinney National Airport FlightsAug 17, 2026McKinney National Airport’s new $79 million commercial passenger terminal is on track to start hosting flights starting in November. Avelo Airlines will launch the first-ever commercial passenger service at McKinney National Airport (DTX) on November 11, 2026.DevelopmentIndustrialJackson-Shaw Breaks Ground on 908,730 SF Industrial Project in Denton, TexasAug 17, 2026DENTON, TEXAS — Developer Jackson-Shaw has broken ground on Horizon 35, a 908,730-square-foot industrial project in the North Texas city of Denton.DealOfficeSpirit Airlines Dania Beach HQ Sells at Auction for $93.25MAug 17, 2026Spirit Airlines’ shuttered headquarters building in Dania Beach was acquired at auction for $93.25 million. A Hill City Capital affiliate was the buyer of the office campus, totaling over 600,000 square feet. The facility was delivered just two years ago.DealHaven Housing Acquires 264-Unit Apartment Complex in Pflugerville, TexasAug 17, 2026PFLUGERVILLE, TEXAS — California-based investment firm Haven Housing has acquired Wells Park Apartments, a 264-unit multifamily complex in the northern Austin suburb of Pflugerville.Representative imageDealCentersPartners Capital Acquires 41,041 SF Shopping Center in McAllen, TexasAug 17, 2026MCALLEN, TEXAS — Partners Capital, the investment arm of Partners Real Estate, has acquired a 41,041-square-foot shopping center in McAllen. Colonnade of McAllen was built in 2004 and was fully leased at the time of sale to a mix of service-oriented tenants.Payments Manager Corpay Cross-Border Relocates to 18K SF at 560 Lexington AvenueAug 17, 2026An international payment and currency risk management firm is planning a headquarters relocation to Rudin’s 560 Lexington Avenue.Representative imageTenantsIndustrialBase Power Signs 32,375 SF Industrial Lease in FriscoAug 17, 2026FRISCO, TEXAS — Base Power Inc. has signed a 32,375-square-foot industrial lease in Frisco. The provider of home batteries is taking space within Building 3 at Frisco Trade Center.Representative imageDealMarcus & Millichap Brokers $7.3M Sale of Manhattan Mixed-Use BuildingsAug 17, 2026NEW YORK CITY — Marcus & Millichap has brokered the $7.3 million sale of two mixed-use buildings in Manhattan’s Greenwich Village area. Constructed in 1910 and recently renovated, the buildings at 18-20 Christopher St.Representative imageTenantsOfficeVersant Media Group Signs 84,509 SF Office Lease Expansion, Extension in Midtown ManhattanAug 17, 2026NEW YORK CITY — Versant Media Group (Nasdaq: VSNT) has signed a 84,509-square-foot office lease expansion and 18-year extension in Midtown Manhattan.DealCharlotte Apartments Trade for $76.3MAug 17, 2026Tishman Speyer made its first foray into the Charlotte market, purchasing Berkshire Dilworth, a 296-unit luxury multifamily property between West Midtown and the historic Dilworth neighborhood.Representative imageTenantsGroceryTrader Joe’s to Open New Grocery Store in Reading, MassachusettsAug 17, 2026READING, MASS. — Trader Joe’s will open a new grocery store in Reading, a northern suburb of Boston, later this year. The square footage was not disclosed.LendingIndustrialJLL Secures Financing for Industrial Development Underway Near Savannah Totaling $70.4MAug 17, 2026BLACK CREEK, GA. — JLL Capital Markets has secured $30.5 million in joint venture equity and $39.9 million in construction financing for Black Creek Commerce Center, a three-building industrial development underway in Black Creek, roughly 23 miles northwest of Savannah.DealOfficeInvestor Team Pays $91.8M for 2 Charlotte Office BuildingsAug 17, 2026Corebridge Real Estate Investors and Crestlight Capital acquired two buildings in The Station at LoSo mixed-use project in Charlotte. Commercial Search reports that the group paid $91.8 million for the assets, which consist of 200,000 square feet of space.LendingGroceryNorthmarq Arranges $50.8M Loan for Grocery-Anchored Retail Center in Metro D.C.Aug 17, 2026POTOMAC, MD. — Northmarq has arranged a $50.8 million permanent, fixed-rate loan for the refinancing of Potomac Place Shopping Center, an 80,040-square-foot retail center located in Potomac, roughly 15 miles northwest of downtown Washington, D.C.DealIndustrialBluecrest Capital Acquires 226,500 SF Flex Development in Jacksonville, Plans Industrial ConversionAug 17, 2026JACKSONVILLE, FLA. — Nashville-based Bluecrest Capital Advisors has acquired Cypress Point Business Park, a 226,500-square-foot industrial flex development in Jacksonville, for $28 million.LendingNRP Advancing 312-Unit Port St. Lucie Apartment VentureAug 17, 2026The NRP Group broke ground on its newest luxury apartment community, a 312-unit development within the 10,000-acre Tradition master-planned community at 13661 SW Village Parkway in Port St. Lucie. M&T Bank provided construction financing.DealBreakthrough Properties Buys Biomanufacturing Facility Near Seattle for $78MAug 17, 2026EVERETT, WASH. — Breakthrough, a joint venture of Tishman Speyer and Bellco Capital, has acquired a biomanufacturing facility in Everett, a suburb of Seattle, for $78 million.LendingNewmark Provides $58M Fannie Mae Loan for Active Adult Community in San Clemente, CaliforniaAug 17, 2026SAN CLEMENTE, CALIF. — Newmark has provided a $58 million Fannie Mae loan for Everleigh San Clemente, an active adult community in Southern California in San Clemente.DealNorthmarq Brokers $22.5M Sale of 178-Unit Go Go Heights Apartments in Spokane, WashingtonAug 17, 2026SPOKANE, WASH. — Northmarq has brokered the $22.5 million sale of Go Go Heights Apartments, a 178-unit, garden-style multifamily community in Spokane. An entity doing business as LC Gogo Heights LLC sold the property to an undisclosed, Washington-based private investment firm.TenantsCenterCal Properties Signs Leases with Five New Tenants at The Village at Meridian Near Boise, IdahoAug 17, 2026MERIDIAN, IDAHO — CenterCal Properties has signed leases with five new tenants at the second phase of The Village at Meridian, an 80,000-square-foot commercial property that is under construction roughly 10 miles west of downtown Boise.