• Stream Realty Partners has promoted Matt Asvestas to Managing Director of Office Leasing in its Houston office. In his new role, Asvestas will spearhead office leasing operations, oversee the firm’s training programs, and guide the team in pursuing new business opportunities. He began his career at Stream in 2016 as an Analyst.
• Dayton Street Partners (DSP) closed a full-building, 164,640-square-foot lease with deugro (USA), Inc. at its recently completed truck terminal at 2828 FM 1405 in Houston, Texas. The terminal is located on 47 acres in the Cedar Port Industrial Park. DSP acquired the land in 2022 and developed the property, the first speculative truck terminal in the greater Houston area. TGS Cedar Port Industrial Park is the largest master-planned, rail—and barge-served industrial park in the United States.
• Cushman & Wakefield has arranged the sale of Granite Point Business Center in Denton. Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke and Trevor Berry represented TA Realty LLC in its sale to High Street Logistics Properties. Located at 2300 Interstate 35W Frontage Road in Denton, Granite Point Business Center totals 145,000 square feet and is fully leased to four tenants that have been in occupancy of the property for an average of 13.5 years.
• MAG Capital Partners has purchased two logistics facilities in Hidalgo County in a sale-leaseback transaction with Commodities Integrated Logistics. Totaling 360,000 square feet on 23 acres in Weslaco, Texas, 2300 Sugar Sweet Ave. and 501 S Pleasantview Drive are 20 minutes east of McAllen.
• JLL Capital Markets completed the sale of Yellow Door Storage – Northgate, a 520-unit self-storage facility in the Greater Dallas Fort Worth-area community of Denton, Texas. JLL marketed the property on behalf of the seller, NorthBridge Realty Holdings, and procured the buyer, Extra Space. Completed in 2022, Yellow Door Storage is a 65,600-square-foot property, that’s currently 55.8% occupied. Yellow Door Storage – Northgate is located at 3020 E Sherman Dr. in Denton.

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Marcus & Millichap closed the sale of Arts Industrial Park, a 63,500-square-foot industrial property located in Olympia, Washington. The asset sold for $4.8 million.

Matthew Herman and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a partnership.

Arts Industrial Park is located at 6221 Rich Road SE in Olympia, Washington. The asset was sold in an all-cash transaction to a value-add syndicator who will be spending approximately $1 million in renovations and improvements.

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Chicago-based commercial real estate brokerage firm Greenstone Partners announced the addition of two experienced assets to its team. Senior Marketing Manager Jessica Langner and Graphic Designer Hannah Hudelson joined the organization, bringing robust and enhanced marketing support. Additionally, Trevor Allen has been promoted to senior investment analyst, and the firm also welcomed five new summer investment analyst interns.

Intersect Illinois announced Preeti Chalsani, PhD, as its inaugural Chief Quantum Officer, a new position created to reflect the state’s commitment to cementing Illinois as the capital for quantum technologies. As Chief Quantum Officer, Chalsani will be responsible for working closely with leaders within Illinois’ science, technology, innovation, government and economic development ecosystem to lead all business development efforts related to quantum.

Berkadia has welcomed Managing Director Rob Starrett, who will be based out of Cleveland, Ohio. Starrett will report to SVP – Co-Head of Investment Sales and Production Operations Mike Miner.  Starrett brings over fifteen years of experience in commercial real estate and has a wide range of experiences in a variety of asset types, including institutional new construction, value-add, and affordable housing. He has managed over $3 billion in dispositions, financing, and equity transactions throughout his career.

Lee & Associates Asset Management (LAM) has hired Ryan Freed as executive vice president. Chicago-based LAM is the independently owned asset management arm of Lee & Associates. Freed comes to the role with more than 15 years of experience as a commercial real estate broker, most recently as vice president within Lee & Associates of Illinois’ office brokerage team. Freed will play a pivotal role in growing the portfolio across asset classes while also ensuring the efficient delivery of property and facility management, accounting, leasing and administration services.

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