Timeless Treasures Fabrics Signs 42,000 SF Industrial Lease in Kenilworth, New Jersey
REBusinessOnline
by Taylor Williams
20h ago
KENILWORTH, N.J. — Timeless Treasures Fabrics, a New York-based manufacturer of clothing materials, has signed a 42,000-square-foot industrial lease in the Northern New Jersey community of Kenilworth. The property at 3 Mark Road houses 38,000 square feet of office space, a 24,000-square-foot fenced pave lot and 4,000 square feet of office space. David Simon, Catherine Goski-Vasquez and Richard Goski of NAI DiLeo-Bram represented the undisclosed landlord in the lease negotiations. Linda Hill and Doug Bansbach of Colliers represented the tenant. The post Timeless Treasures Fabrics Signs 42,000 S ..read more
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Cravey Real Estate Negotiates Sale of 50,800 SF Shopping Center in Portland, Texas
REBusinessOnline
by Taylor Williams
20h ago
PORTLAND, TEXAS — Locally based brokerage firm Cravey Real Estate Services has negotiated the sale of Esplanade at Northshore, a 50,800-square-foot shopping center in Portland, located just outside of Corpus Christi. The two-building center was constructed on 7.7 acres in 2011, with the undisclosed buyer acquiring the 37,800-square-foot Building A and the 13,000-square-foot Building B in December 2023 and March 2024, respectively. Lynann Pinkham of Cravey Real Estate Services represented the seller in the transaction. The post Cravey Real Estate Negotiates Sale of 50,800 SF Shopping Center in ..read more
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Perkins&Will Opens New Studio in San Antonio’s Pearl District
REBusinessOnline
by Taylor Williams
20h ago
SAN ANTONIO — Architecture firm Perkins&Will has opened a new studio in San Antonio’s Pearl District. The space, the square footage of which was not disclosed, is situated within The Lab Building, which is located at 303 Pearl Parkway and was originally constructed in 2012. Christi Griggs of CBRE represented the undisclosed landlord in the lease negotiations. Jeff Miller of JLL represented Perkins&Will. The post Perkins&Will Opens New Studio in San Antonio’s Pearl District appeared first on REBusinessOnline ..read more
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MassHousing Provides $94M in Financing for Metro Boston Affordable Housing Complex
REBusinessOnline
by Taylor Williams
20h ago
LOWELL, MASS. — MassHousing has provided $94 million in financing for Westminster Village Arms, a 432-unit affordable housing complex located north of Boston in Lowell. The property comprises 36 three-story buildings and a maintenance building that were constructed in 1970 and last renovated in 2012. Units come in studio, one-, two- and three-bedroom floor plans and are reserved for households earning 60 percent or less of the area median income. Amenities include a pool, basketball court, playground, business center, community room with a kitchen and onsite laundry facilities. The borrower, R ..read more
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Edged Energy Underway on 168,000 SF Data Center in Irving
REBusinessOnline
by Taylor Williams
20h ago
IRVING, TEXAS — An affiliate of Edged Energy, a global data center developer and operator whose U.S. headquarters are based in Connecticut, is underway on construction of a 168,000-square-foot facility at 505 N. Wildwood Drive in Irving. The data center will have a critical power capacity of 24 megawatts. Construction is scheduled for a fall completion. The facility is one of about a dozen in Edged Energy’s development pipeline across Europe and North America. The post Edged Energy Underway on 168,000 SF Data Center in Irving appeared first on REBusinessOnline ..read more
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SRS Arranges $6.6M Sale of Retail Property in Fultondale, Alabama Leased to Ashley Furniture
REBusinessOnline
by John Nelson
20h ago
FULTONDALE, ALA. — SRS Real Estate Partners has arranged the $6.6 million sale of a single-tenant retail property located at 3321 Lowery Park in Fultondale, a suburb of Birmingham. The tenant, Ashley Furniture, purchased the store exercising its right of first refusal. Situated on four acres and built in 2007, the store serves as an outparcel to Promenade Fultondale, a shopping center anchored by Target. Matthew Mousavi and Patrick Luther of SRS Real Estate’s Newport Beach office, along with Martin Smith of the firm’s Birmingham office, represented the privately based seller in the transaction ..read more
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Monday Properties Obtains $205.5M Refinancing for Office Tower, Medical Office Building in Metro D.C.
REBusinessOnline
by John Nelson
20h ago
ARLINGTON, VA. — Monday Properties has obtained two loans totaling $205.5 million for the refinancing for two commercial properties in Arlington, a suburb of Washington, D.C. The assets include a 540,000-square-foot office tower at 1812 N. Moore St. and Shirlington Gateway, a 12-story medical office building. Citi Real Estate Funding Inc. provided the $173 million loan for the office tower and $32.5 million loan for the medical office building, both of which were CMBS loans with five-year terms and fixed interest rates. Monday Properties leased 60,000 square feet of space at 1812 N. Moore over ..read more
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Midway Underway on Renovation of 244-Room Hotel at CITYCENTRE in West Houston
REBusinessOnline
by Taylor Williams
20h ago
HOUSTON — Locally based developer Midway is underway on renovations of a 244-room hotel located within its CITYCENTRE mixed-use development in West Houston. The Moran CITYCENTRE was originally built in 2009. The renovation will deliver updated furnishings, premium bedding, contemporary lighting fixtures and technology enhancements to all rooms. In addition, the lobby, meeting and event spaces and amenity areas, including the fitness center and onsite bar, will all be upgraded. Work began at the beginning of the year and is expected to be complete this summer. The post Midway Underway on Renova ..read more
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JLL Secures $100M Loan for Warehouse Portfolio in South Florida
REBusinessOnline
by John Nelson
20h ago
MIAMI — JLL has secured a $100 million loan for a nine-property warehouse portfolio spanning 824,546 square feet in South Florida. Jim Cadranell, Gregory Nalbandian, Michael Lachs and Jimmy Calvo of JLL arranged the seven-year, interest-only loan through Nationwide Mutual Insurance Co. on behalf of the borrower, Seagis Property Group LP. The assets in the portfolio include warehouses at Lakeway Corporate Center in Miami Lakes; 3450 NW 115th Ave. in Doral; Commerce Park in Miami; Miami Gardens Industrial Center in Miami; Deerwood Commerce Center in Miami; Flamingo Park of Commerce in Miramar; a ..read more
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Cushman & Wakefield Brokers Sale of 432-Bed Student Housing Property Near University of Central Arkansas
REBusinessOnline
by John Nelson
20h ago
CONWAY, ARK. — Cushman & Wakefield has brokered the sale of The Edge at Donaghey, a 432-bed student housing community situated adjacent to the University of Central Arkansas. Located at 530 S Donaghey Ave. in Conway, the 120-unit property was built in 2013. Sundance Real Estate purchased the community from an entity doing business as Azalea Holdings II LLC for an undisclosed price. Travis Prince, Victoria Marks and Shawn Lubic of Cushman & Wakefield’s Student Housing Capital Markets team, along with Martin Bynum of the firm’s Sunbelt Multifamily Advisory Group, represented both the sel ..read more
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