AUSTIN, TEXAS — April Housing, Blackstone Real Estate’s affordable housing division, has reopened three affordable housing communities totaling 654 units in East Austin. Working in partnership with the Housing Authority of the City of Austin (HACA), April Housing completed roughly $60 million of renovations across the following properties: Heritage Point, a 240-unit senior living community for residents earning between 30 and 80 percent of the area median income (AMI); Eagle’s Landing, a 240-unit multifamily property for those earning 60 percent or less of AMI; and Village at Collinswood, a 174-unit senior living community for residents earning 60 percent or less of AMI. All three communities now offer updated units interiors, including bathrooms, kitchens, fixtures and appliances, as well as upgraded building systems and amenity spaces.
DALLAS — Locally based developer Larkspur Capital has begun leasing Phase I of Victoria Row, a townhome project in the Cedars District near downtown Dallas. Situated on approximately eight acres at 1100 Parker St., Victoria Row features 155 residences across 29 buildings. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, dog park and multiple courtyards. Architecture Demarest designed Victoria Row, and Acadian Group served as the general contractor. Information on starting rents was not disclosed. Larkspur also recently delivered the first units within Phase II of the development.
FORT WORTH, TEXAS — JLL has arranged an undisclosed amount of construction financing for Signature 35, a 111,923-square-foot industrial project that will be located in the Alliance submarket of North Fort Worth. The facility will feature 32-foot clear heights, 36 dock doors, 122-foot truck court depths, two oversized ramped doors and 5.2 acres of outdoor storage space. Completion is slated for the first quarter of 2027. Jarrod McCabe, Brennan Fewin and Ben Pollack of JLL arranged the financing through Simmons Bank on behalf of the developer, a partnership between Indco Partners and Holley Development Co. JLL also arranged an equity investment from an undisclosed family office as part of the project’s capitalization.
RICHARDSON, TEXAS — ANDREW, a hardware manufacturer for the telecommunications industry, has signed a 42,000-square-foot lease in the northeastern Dallas suburb of Richardson. The company is relocating from the nearby building at 2601 Telecom Parkway to the flex building at 2920 Telecom Parkway. In addition to office, the company’s new space supports lab, manufacturing and engineering uses. As part of the relocation, ANDREW plans to invest more than $2 million to support tenant improvements and the addition of new furniture, fixtures and equipment at its new Richardson facility.
SUFFOLK AND CHESAPEAKE, VA. — JLL has negotiated the sale of a four-building industrial portfolio situated near the Port of Virginia in the Hampton Roads region of the Commonwealth. NorthPoint Development purchased the 655,852-square-foot portfolio from an affiliate of Equus Capital Partners Ltd. Bill Prutting, Chris Dale, Craig Childs, Ginna Wallace and Andrew Baquero of JLL represented the seller in the transaction. The sales price was not disclosed. The portfolio comprises distribution facilities located at 6900, 6920 and 6950 Harbour View Blvd. in Suffolk and 2601 Indian River Road in Chesapeake. The properties were built between 2005 and 2012 and were 82 percent occupied at the time of sale to 10 tenants.
FAYETTEVILLE, N.C. — Obrecht Properties LLC has purchased 30 acres adjacent to Fort Bragg, a U.S. military base spanning 160,000 acres in central North Carolina. The Maryland-based developer plans to develop The Gateway at Military Business Park, a six-property industrial park spanning 325,550 square feet, on the site at 2755 Procurement Circle in Fayetteville. The park represents Obrecht’s entry into North Carolina. The developer plans to break ground immediately on Phase I, which will comprise two single-story buildings totaling 52,500 square feet, with plans to deliver the first phase next summer. Obrecht has tapped Neil Grant and Roger Marx of Grant-Murray Real Estate to oversee leasing at The Gateway at Military Business Park.
ORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high-net-worth individual from South Florida, in the transaction. The buyer was also not disclosed. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.
BRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton. Spanning nearly three acres across two buildings, the newly constructed property was fully leased at the time of sale to tenants including Aspen Dental, Chipotle Mexican Grill, Five Guys, Einstein Bros. Bagels and America’s Best Contacts & Eyeglasses. Heritage Station sits adjacent to Marketplace at Heritage Harbour, a 500,000-square-foot shopping center. William Wamble and Patrick Nutt of SRS represented the seller and developer of the property, a joint venture between SREG, an Atlanta-based retail developer, and Bones Investment Group, a private real estate fund for professional athletes based in Tampa. The buyer was a Minnesota-based private investor.
MILLVILLE, DEL. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a 216-unit apartment complex in Millville, located near coastal Delaware. Built on 20 acres in 2025 and formerly known as Ascend by the Sea, the property comprises seven buildings that house one-, two- and three-bedroom units. Amenities include a pool, fitness center, bocce ball court and a car wash station. Bob Dean and Jonathan Greenberg of IPA, along with Andrew Townsend and Timothy Stephenson Jr. of Marcus & Millichap, represented the undisclosed seller in the transaction and procured the buyer, Fort Worth-based Olympus Property. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Patrick Barker, also with IPA, arranged acquisition financing for the deal.
WEST ORANGE, N.J. — Target has opened a 150,000-square-foot store in the Northern New Jersey community of West Orange. The store, which is ultimately expected to employ about 280 people, is located within West Orange Plaza, a 298,000-square-foot center that is anchored by Whole Foods Market and is currently in the midst of a redevelopment. The store is the Minneapolis-based retailer’s 55th in New Jersey and third to open in the state in the past 12 months. Levin Management Corp. is the leasing agent for West Orange Plaza.
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