HOUSTON — Locally based developer Midway has completed CITYCENTRE Six, a 320,000-square-foot office building in West Houston. The 19-story building was developed adjacent to a new half-acre urban plaza, which was designed by OJB Landscape Architecture, within the 47-acre mixed-use development of the same name. Building materials supplier Dow is the anchor tenant at CITYCENTRE Six, and the building was delivered 90 percent preleased. Other tenants include VoltaGrid, Octave and Enverus. Construction began in early 2024 and topped out last summer.
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HOUSTON — Woodside, a Texas-based real estate private equity firm, has purchased Saddlebrook Place, a four-building, 200,155-square-foot office campus in northwest Houston. Woodside plans to renovate the campus, which was previously known as Heron Lakes, by refreshing common areas and introducing move-in-ready spec suites. Woodside has also tapped Stream Realty Partners to lease Saddlebrook Place. The seller and sales price were not disclosed.
HOUSTON — Marcus & Millichap has brokered the sale of a 47,988-square-foot retail building in northwest Houston. The freestanding building, which was constructed on a 5.5-acre site at 7300 W. Greens Road in 1994 and renovated in 2018, was fully leased at the time of sale to 24 Hour Fitness. Scott Jones, Gus Lagos and Alex Wolansky of Marcus & Millichap represented the seller, a California-based investor, in the transaction and procured the buyer, a local investor that acquired the asset via a 1031 exchange.
FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 13,294-square-foot industrial lease in Fort Worth. The tenant is Crawford Electric Supply Co., and the space is located within Everman Trade Center, a four-building, 457,745-square-foot development. Matt Carthey and Trey Goodspeed of Holt Lunsford represented the landlord, Boston-based Cabot Properties, in the lease negotiations. Michael Paine and Elizabeth Metz of Cushman & Wakefield represented the tenant.
CORVALLIS, ORE. — Bonaventure Senior Living is currently underway on the development of a new community in Corvallis. Scheduled to open in late 2027, the property will feature independent living, assisted living and memory care units. Amenities at the community will include a bistro, golf simulator, fitness center, library, theater room, salon and barber shop, activity and game rooms, courtyards and scheduled transportation services. The community will also include Bonaventure’s Life Stations, which recreate familiar environments for memory care residents. At the Corvallis community, these will include an Artists Life Station, Gardening Life Station, Fishing Life Station, Post Office Life Station and Classic Ice Cream Parlor Station, among others.
TUCSON, ARIZ. — PCA Properties LLC has acquired an industrial space, located at 5575 S. Houghton Road in Tucson, from L&M Family Ventures for $4.2 million. The property offers 31,042 square feet of industrial space. Stephen Cohen of Cushman & Wakefield | PICOR represented the seller, while Greg White of SRS Real Estate Partners – West represented the buyer.
SAN DIEGO — Marcus & Millichap has arranged the sale of La Mesa Mixed-Use, a mixed-use property in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal. Located at 6760 University Ave., the 12,196-square-foot property features 13 suites with a mix of office and retail uses, 28 parking spaces, dual access points and high-visibility frontage. At the time of sale, the building was occupied by service-oriented tenants, including beauty, auto, legal and entertainment uses. The property was built in 1976.
Progressive Real Estate Partners Brokers Sale of 11,720 SF Retail Center in Pomona, California
by Amy Works
POMONA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Valley Plaza, a multi-tenant retail property located at 2407 Valley Blvd. in Pomona. A private investor acquired the asset for $2.6 million from a private investor. Built in 1993, Valley Plaza offers 11,720 square feet of retail space. Current tenants include Panaderia Jaliscos & Maria Taco, Pomona Water & Ice, Pearl Dental Care and Curry Time. Trinnie Lee of Progressive Real Estate Partners represented the seller, while Mark Wilson of Channel Investment Group represented the buyer in the transaction.
Walker & Dunlop Provides $60.2M Agency Loan for Apartment Community in Brandon, Florida
by John Nelson
BRANDON, FLA. — Walker & Dunlop has provided a $60.2 million Freddie Mac loan for 2211 Grand Isle Apartment Homes, a 390-unit, garden-style apartment community located at 2211 Grand Isle Drive in Brandon, a southeastern suburb of Tampa. Stephen West, Matthew Wallach and Walker Layne of Walker & Dunlop originated the floating-rate loan on behalf of the borrower, Providence Real Estate. Apprise, Walker & Dunlop’s independent third-party appraisal platform, appraised the transaction. Built in 1999, 2211 Grand Isle Apartment Homes offers one-, two-, three- and four-bedroom residences, as well as a 24-hour fitness center, car care center and a pool with poolside cabanas.
CHICAGO — McHugh Construction and joint venture partner Powers & Sons Construction, along with The Community Builders (TCB), have broken ground on Southbridge 1C, the latest phase in the redevelopment of the former Harold Ickes Homes at 2305 S. State St. in Chicago’s South Loop. The 12-story building will include 80 market-rate and affordable housing units in a mix of studio, one-bedroom and two-bedroom layouts. Located adjacent to the Cermak-McCormick Place CTA Green Line station, the development will feature a 1,500-square-foot, street-level retail space alongside a resident lobby. The first floor will include a bike room with 80 spaces, a dog wash station, package room, leasing office and back-of-house areas. Amenity spaces on the 12th floor will include a fitness area, outdoor terrace and resident storage. Developed by TCB and supported by the Chicago Department of Housing, Chicago Housing Authority (CHA), Illinois Housing Development Authority and the U.S. Department of Housing and Urban Development, the 76,000-square-foot project will receive $11.9 million in tax-increment financing assistance. Gensler designed the project. Construction is slated for completion in June 2027. Southbridge 1C will include 44 affordable housing units, representing 55 percent of the total unit count. Fifteen residences will be designated for families …
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