Lincoln Property Company expanded its national partnership with Agellan Commercial REIT, assuming property management responsibilities for 12 Houston-area properties totaling 1.52 million square feet and encompassing a mix of industrial, office and flex space.
The new assignment follows Lincoln’s transition of Agellan’s Chicago portfolio earlier this year. “The success of our Chicago transition proved how well our teams align on operations, communication and tenant experience,” said Kevin Wyatt, Executive Vice President, Lincoln Property Company. “Extending that model to Houston reinforces Lincoln’s ability to manage complex, multi-market portfolios and deliver consistency, quality and responsiveness for ownership groups and tenants alike.”
The 12-property Houston portfolio is located across key submarkets including the North Sam Houston Parkway, South Loop Freeway and Northwest Houston, representing a diverse and well-positioned collection of flex, light industrial and low-rise office assets.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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