DALLAS — JLL has arranged a loan of an undisclosed amount for Standard at Royal Lane, a 300-unit apartment community in northwest Dallas. The newly constructed property sits on a 12.4-acre site and offers one-, two-, three- and four-bedroom units, with some apartments being subject to income restrictions. Amenities include two pools, dual fitness centers, a business centers and a theater room. Kyle Spencer, Dan Kearns, Christian Johnston and Aidan Flanagan of JLL arranged the loan through TPG Real Estate Credit on behalf of the owner, LDG Development
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RICHARDSON, TEXAS — Marcus & Millichap has brokered the sale of a 51,542-square-foot retail property in the northeastern Dallas suburb of Richardson. Known as Baybury Square Shopping Center, the 11-acre property consists of two multi-tenant centers and two freestanding buildings that were built in 1966. Baybury Square Shopping Center was 64 percent leased at the time of sale. Philip Levy and Scott Abeel of Marcus & Millichap represented the seller, an out-of-state investor, in the transaction, and procured the buyer, a local developer. Both parties requested anonymity.
GRANBURY, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of a Fountain Oaks Shopping Center, a 16,599-square-foot retail property in Granbury, about 40 miles southwest of Fort Worth. Built in 2013, the center was 96 percent leased at the time of sale to tenants such as Village Nail Spa, Rotech Healthcare, Profile Medical, Lift Rock, Farmers Insurance and Affordable Dentist Near Me. STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were not disclosed.
SAN ANTONIO — Alera Group has signed a 13,668-square-foot office lease in northwest San Antonio. The insurance and financial services company is taking space on the 10th floor of Concord Plaza, a development that consists of an 11-story office tower, a three-story corporate building and ground-level retail. Steve Thomas and Alyse Sellers of Stream Realty Partners represented the landlord, Milam Real Estate Capital, in the lease negotiations. Bryan Sethney of Cushman & Wakefield represented Alera Group.
SHREWSBURY, MASS. — Philadelphia-based investment firm Equus Capital Partners has acquired Centech Park North, a 300,075-square-foot industrial development in Shrewsbury, located just outside of Worcester. Developed by NorthBridge Partners and completed in 2023, Centech Park North comprises two buildings totaling 195,975 and 103,500 square feet. The buildings feature clear heights of 36 feet and a combined 64 dock-high doors and four drive-in doors. The park was fully leased at the time of sale to tenants in industries such as life sciences, advanced manufacturing and commercial services. The sales price was not disclosed.
NASHUA, N.H. —Lansing Melbourne Group, a North Carolina-based owner-operator, has recapitalized The Flats on High Street, a 156-unit multifamily property in the southern New Hampshire city of Nashua, via an equity investment from a subsidiary of Dallas-based Leon Capital Group. The amount was not disclosed, but Leon Capital provided the funds in conjunction with another equity investment in a student housing property in Binghamton. Combined, the two equity investments roughly $19 million. The Flats on High Street is located in the city’s downtown area and offers studio, one- and two-bedroom floor plans. Amenities include outdoor grilling areas, a pet spa, resident lounge, outdoor gaming area and a business center.
UNIVERSITY CITY, Mo. — National real estate developer Subtext has opened LOCAL on Delmar, a new mixed-use residential community in University City, located about eight miles west of downtown St. Louis. Situated at the western edge of the Delmar Loop entertainment district and less than half a mile from Washington University in St. Louis, the development transforms a long-underutilized site into a mixed-use destination featuring apartments, resident-focused amenities, collaborative workspaces and retail. The 398,225-square-foot development features 259 residences offered in studio, one-, two- and three-bedroom floor plans ranging from 398 to 1,090 square feet. Amenities at LOCAL on Delmar include a rooftop pool with sun shelf and hot tub; poolside cabanas, fire pits and grilling stations; a wellness suite with sauna, meditation, and private fitness rooms; a 24-hour fitness center with group yoga and barre studio; outdoor training space with functional fitness equipment; and dedicated workspaces with private and group conference rooms. Other special features of the property include a clubroom and game lounge; lobby lounge with coffee bar; reserved parking garage with electric vehicle charging; bike and scooter room with charging and repair stations; and roommate matching services with by-the-bed leasing options. Residents are within an eight-minute walk of Washington …
ST. LOUIS — CBL Properties (NYSE: CBL) has received a $135 million refinancing of its mortgage loan for West County Center, a regional mall located in St. Louis. The new loan, which replaces an existing $136.4 million loan that was scheduled to mature in December, carries a five-year term with a fixed interest rate of 7.4 percent. After repayment of the maturing loan and the release of existing escrow balances, CBL received roughly $2 million in net proceeds from the new financing. The financing also removes the cash management sweep associated with the prior loan, which will result in an estimated $7 million in annual free cash flow for CBL going forward. With the refinancing, CBL Properties has addressed its final near-term debt maturity, according to the company. West County Center totals almost 1.2 million square feet. Anchor tenants at the property include Macy’s, Dick’s Sporting Goods and the only Nordstrom store in the state. In 2026, new leases have been executed with The Cheesecake Factory, Free People Movement, Levi’s, L’Occitane en Provence, POPMART, Miss A and Urban Outfitters, among other retailers. CBL acquired its joint venture partner’s interest in the mall and two other retail properties in 2024 for …
BARTONSVILLE, PA. — CBRE has brokered the sale of Shops at Crossroads, a 133,717-square-foot shopping center in Bartonsville, located roughly midway between Allentown and Scranton in Eastern Pennsylvania. Grocer GIANT anchors Shops at Crossroads, which was built in 2009 and is also home to tenants such as Visionworks, Red Lobster, Jersey Mike’s and CosmoProf. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW YORK CITY — Northmarq has arranged a $15 million loan for the refinancing of the 34,949-square-foot Atlantic Plaza Shopping Center in Queens. The center, which is located in the borough’s Ozone Park neighborhood, was built in 1984 and is home to tenants such as Bravo Supermarkets, Lenox Hill Radiology, Four Leaf Federal Credit Union and Dunkin’. Robert Delitsky and Keith Braddish of Northmarq arranged the loan through an undisclosed commercial bank on behalf of the owner, Schuckman Realty Inc.
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