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Horizon-35-Denton
DevelopmentIndustrialTexas

Jackson-Shaw Breaks Ground on 908,730 SF Industrial Project in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Developer Jackson-Shaw has broken ground on Horizon 35, a 908,730-square-foot industrial project in the North Texas city of Denton. The site is located at the northeast corner of I-35 and Loop 288, and the first phase of the development will consist of three rear-load buildings totaling 543,550 square feet. Building features of Phase I, which is expected to be complete in the third quarter of next year, will include 32- to 36-foot clear heights, dock-high loading doors, 18-by-20-foot drive-in doors and “ample” car and trailer parking allotments. ARCO/Murray is the design-build firm for Horizon 35, and Stream Realty Partners is the leasing agent.

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Gardens-at-Roseland-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

Garden Communities Begins Leasing 211-Unit Apartment Complex in Roseland, New Jersey

by Taylor Williams

ROSELAND, N.J. — Local owner-operator Garden Communities has begun leasing a 211-unit apartment complex in the Northern New Jersey community of Roseland. Gardens at Roseland offers single-level and duplex apartments that come in one- and two-bedroom floor plans. Amenities include a pool, fitness center, an entertainment room, fireside lounge and private workspaces, sports court, playground and outdoor grilling and dining stations. Rents start at roughly $2,700 per month for a one-bedroom unit.

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Black Creek Commerce Center
DevelopmentGeorgiaIndustrialLoansSoutheast

JLL Secures Financing for Industrial Development Underway Near Savannah Totaling $70.4M

by Abby Cox

BLACK 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. Bobby Norwood, Mark Sixour, Britton Burdette, Jim Freeman, Kelsey Bawcombe and Austin Smith of JLL arranged the construction loan through Seacoast Bank on behalf of the developer, Xebec, and placed the joint venture equity with a unnamed, private investment group. Scheduled to deliver in the third quarter of 2027, the 687,890-square-foot development will include three rear-load buildings that feature 36-foot clear heights, 50-foot loading bays with 60-foot speed bays, 130-foot truck courts, ESFR fire suppression systems and TPO roofing. The site sits nearly seven miles from Hyundai’s $7.6 billion Metaplant America facility underway and 28 miles from the Port of Savannah’s Garden City Terminal. Xebec will continue to hold a right of first refusal on Phase II of the project, an adjacent 77-acre parcel, through April 2027.

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Cypress Point Business Park
AcquisitionsDevelopmentFloridaIndustrialLoansSoutheast

Bluecrest Capital Acquires 226,500 SF Flex Development in Jacksonville, Plans Industrial Conversion

by Abby Cox

JACKSONVILLE, 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. Philip Rachels of CBRE secured debt financing through First Horizon Bank on behalf of Bluecrest Capital. Robbie McEwan and Jesse Jones of JLL Capital Markets represented the seller, an entity doing business as Viking Partners Cypress LLC, in the transaction. Constructed between 1999 and 2004, the six-building park features four office buildings totaling 146,500 square feet and two light industrial buildings totaling 80,000 square feet. The property was 62 percent leased at the time of sale to five regional and national tenants including US Assure Insurance and ADT. Bluecrest Capital plans to convert 85,000 square feet of vacant space to small-bay light industrial infill space (SBLI). Within three years, the company says it expects to have converted approximately 76 percent of the gross leasable area converted to SBLI through lease rollovers and strategic build-outs. The remaining 24 percent is expected to be converted following year three. Bluecrest Capital also plans upgrades and renovations to subdivide larger suites into smaller units.

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Herndon-Square-Phase-II
Affordable HousingDevelopmentGeorgiaSoutheast

Capstone Completes Construction of 201-Unit Affordable Housing Development in Atlanta

by Abby Cox

ATLANTA — Capstone Building Corp. has completed the construction of Herndon Square Phase II, a $57 million affordable housing development located in Atlanta’s Westside neighborhood. The second phase of Herndon Square, which serves as a key component of the larger Legacy at Herndon Square redevelopment, rises six stories and spans 335,348 square feet. The building features 201 apartments in one-, two- and three-bedroom floorplans. Amenities include a resident lounge, fitness center, interior courtyard, playground, wellness clinic, enclosed parking deck, dog wash station and outdoor grilling and picnic areas. Along with Birmingham, Ala.-based general contractor Capstone Building Corp., the project team comprises Atlanta Housing, Hunt and Pennrose (developers), as well as Thriven Design (architect).

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DevelopmentMidwestMixed-UseOhioRetail

Liberty Center Undergoes $20M Renovation in Suburban Cincinnati

by Kristin Harlow

LIBERTY TOWNSHIP, OHIO — Liberty Center is undergoing more than $20 million in completed, ongoing and planned investments designed to support the mixed-use destination’s next phase of growth, including future hotel and residential development opportunities. Centennial, powered by Lincoln, is serving as the asset manager for the Apollo-owned property and is leading the execution of these initiatives. Plans for the 64-acre campus in Liberty Township include tenant upgrades, first-to-market entertainment concepts, customer experience enhancements and long-term initiatives to support the property’s evolution. Development approvals for a hotel and multifamily component were recently secured. Current plans envision 300 apartment units and a full-service hotel that would complement Liberty Center’s existing mix of retail, dining, entertainment and community gathering spaces. Events by Golden Chic will introduce professionally managed meeting, conference and private event venues at the property. The partnership brings turnkey event management to Sabin Hall, a 5,200-square-foot venue, and Unity Hall, creating new opportunities for corporate meetings, conferences, weddings, nonprofit galas, private celebrations and community events. Dick’s Sporting Goods is remodeling its space with interior upgrades and experiential House of Sport-style amenities such as batting cages and golf simulators. The retailer extended its lease for 10 years. B&B Theatres is upgrading …

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DevelopmentIllinoisIndustrialMidwest

Associated Bank Provides $16.3M Loan for Construction of Warehouse in Metro Chicago

by Kristin Harlow

DOWNERS GROVE, ILL. — Associated Bank has provided a $16.3 million loan to a fund managed by High Street Logistics Properties LLC for the construction of a Class A warehouse at 3900 Finley Road in Downers Grove. The 123,927-square-foot project will feature 20 dock doors, two drive-in doors and 147 car parking spaces. The nearly 9-acre property between Butterfield and Ogden Avenues was formerly vacant. Construction is slated to commence this month with completion anticipated in June 2027. Krista Casper of Associated Bank managed the loan arrangements and closing.  

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AcquisitionsCivicDevelopmentKansasMidwest

Block & Co. Brokers Land Sale for New Wyandotte County Fire Station Near Future Kansas City Chiefs Stadium

by Kristin Harlow

KANSAS CITY, KAN. — Block & Co. Inc. Realtors has brokered the sale of 6.9 acres along North 78th Street and Riverview Avenue in Kansas City to the Unified Government of Wyandotte County. The site will be used for the development of a new fire station to serve the growing west side of Wyandotte County. The property represents one of the last remaining development sites with direct access to an I-70 interchange, according to Block. David Block and Camren Sinclair of Block & Co. arranged the sale on behalf of the undisclosed seller.

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The-Vickery-Fort-Worth
DevelopmentMultifamilyTexas

Trademark Completes 321-Unit Vickery Apartments in Downtown Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Trademark Property Co. has completed The Vickery, a 321-unit multifamily project in downtown Fort Worth. Designed by GFF and developed in partnership with SCOA Real Estate Partners, The Vickery consists of 307 apartments, 14 townhomes and a 5,300-square-foot restaurant with a second-story lounge, as well as an amenitized green space. Residential amenities include a pool, rooftop lounge and coworking space. Construction began in February 2024 and topped out in January 2025. Leasing began last fall, at which time rents started at roughly $1,500 per month for a studio apartment.

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Affordable HousingDevelopmentMultifamilyNew YorkNortheast

Partnership Nears Completion of $158M Workforce Housing Project in Mount Vernon, New York

by Taylor Williams

MOUNT VERNON, N.Y. — A partnership between Simone Development Cos. and Stagg Group is nearing completion of Qwest Towers, a $158 million workforce housing project in Mount Vernon, located north of New York City. Qwest Towers will consist of two buildings that will rise 15 and 12 stories and will house a combined 228 residences. The unit mix will comprise 58 studios, 91 one-bedroom units, 78 two-bedroom apartments and one three-bedroom unit, as well as a separate residence for the building superintendent. Information on income restrictions was not disclosed. The first building is scheduled to be complete before the end of the year, with the second to follow a few months later.

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