HOUSTON — JLL has negotiated the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center in southeast Houston. Built in 1974 and renovated in 2016, Fairmont Preston Plaza was 89 percent leased at the time of sale. Planet Fitness and Cosmic Air anchor the center via a 26,000-square-foot gym and a 24,000-square-foot trampoline park, respectively. Other tenants include Dollar Tree and 7Brew Coffee. Ryan West, John Indelli, Zamar Salas and Max Myers of JLL represented the seller, Mission Shore Management, in the deal. Matt Moake with HighStreet Net Lease Group represented the buyer.
MIDDLEBURG, FLA. — Marcus & Millichap has brokered the $8.4 million sale of a 17,400-square-foot retail center located in Middleburg, roughly 26 miles southwest of downtown Jacksonville. Situated at 1690 Jeremiah St. within the Clay Town Center mixed-use development, the retail property is fully leased to a mix of eight tenants including Mattress Warehouse, Firehouse Subs, Domino’s Pizza and Wingstop. The center was built in 2025 on approximately 3.2 acres. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a Delaware-based limited liability company, and procured the buyer, a New York-based limited liability company. Both parties requested anonymity. Ryan Nee was Marcus & Millichap’s broker of record in Florida.
HARDEEVILLE, S.C. — Henderson Park, an international private equity real estate firm, and Green Room Partners (GRP), a Charleston-based real estate development and investment firm, has broken ground on The Bower, a 266-unit build-to-rent community located in Hardeeville, about 17 miles north of Savannah. Situated off US-278 in the state’s Lowcountry region, the community will include amenities such as a centrally located clubhouse with a library, coworking space, community kitchen, lounge and fitness center. Outdoor amenities will include a swimming pool, kitchen and bar, cabana, grilling stations, pickleball courts, a putting green, fire pit and dog park, as well as an interconnected walking trail system. The amenity space will be completed by July 2027, while the first residences at The Bower are expected to deliver in November 2027.
THE COLONY, TEXAS — EōS Fitness will open a 51,000-square-foot gym in The Colony, a northern suburb of Dallas. The locally based operator will backfill reconfigured spaces previously occupied by Big Lots and Texas Family Fitness at The Colony Marketplace shopping center. Segovia Partners represented EōS Fitness in the lease negotiations. The locally based landlord, Harkinson Dewan, was self-represented.
BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.
OGDEN, UTAH — Lument has provided a $26.8 million Freddie Mac loan for the refinancing of Treeo South Ogden, a senior living community located in Ogden, roughly 30 miles north of Salt Lake City. Leisure Care, which owns and operates the community, is the borrower. Opened in 2015, Treeo South Ogden features 143 independent living units. Tyler Armstrong, Chris Cain and Taylor Russ of Lument led the transaction. The loan, which features a 10-year term with five years of interest-only payments and a 30-year amortization period, is being used to refinance existing bank debt and provide cash-out proceeds for future development.
PASADENA, CALIF. — Swift Real Estate Partners has completed the disposition of 35 N Lake, a Class A office building in Pasadena, to State Compensation Insurance Fund for an undisclosed price. Located at 35 N. Lake Ave., 35 N Lake offers 158,785 square feet of office space approximately 10 miles northeast of downtown Los Angeles and blocks from the Metro Gold Line, providing connectivity to Santa Monica, the South Bay and Hollywood. Jeff Bramson, Andrew Harper, Will Poulsen, Jacob Molloy and Will O’Neil of JLL Capital Markets represented the seller, while CBRE represented the buyer in the transaction.
GROVER BEACH, CALIF. — PSRS has arranged $6 million in refinancing for an industrial asset in Grover Beach. Situated on a 70,947-square-foot site, the property consists of two warehouses separated by a 40-space parking area. The buildings feature flexible, customizable layouts designed to support a wide range of tenant uses. Jacob Lee and Nathan Toomey of PSRS secured the loan, which features a 74 percent loan-to-value ratio and 25-year term structure, through one of PSRS’ correspondent life insurance companies.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the sale of Victoria Arms Apartments, a multifamily property in Tucson. Christopher R. Cotter acquired the asset from G and B Holdings LLC for $2.9 million. Located at 1518 E. Hedrick Drive, the 19,250-square-foot property features 25 units. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented the seller in the deal.
WALLINGFORD, CONN. — CBRE has negotiated the $21.4 million sale of a 115,000-square-foot shopping center in Wallingford, located roughly midway between Hartford and New Haven. Wallingford Fair Shopping Center is home to a ShopRite supermarket, Petco store and a self-storage facility. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller and procured the buyer in the transaction. Both parties requested anonymity.