Friday, July 18, 2025
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Conference CoverageFeaturesMultifamilySeniors Housing

Perception Is Paramount in Active Adult, Say InterFace Panelists

by John Nelson

DALLAS — What’s in a name? Plenty, according to the industry professionals that operate and market active adult communities.  Jane Arthur Roslovic, co-founder and CEO of Treplus Communities, says that “if anybody called [her] a senior” she’d “smack them.” Roslovic’s quip came during a panel discussion — titled “Operating and Marketing: Best Practices in Lease-Up, Sales and Programming” — at the 5th annual InterFace Active Adult conference. The daylong event took place Wednesday, May 7, at The Westin Las Colinas in Dallas.  Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Roslovic and her fellow panelists argued that the same reluctance to be branded as a “senior” extends to prospective residents of active adult communities. The key to attracting and retaining residents, the panelists insisted, is to not only provide excellent product but also understand and cater to the public’s perception of age-restricted properties. Active adult communities are age-eligible, market-rate multifamily properties with enhanced lifestyle programming, according to the National Investment Center for Seniors Housing & Care (NIC). Unlike independent living communities, active adult properties do not …

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Gaylord Pacific Resort and Convention Center
CaliforniaDevelopmentHospitalityTop StoriesWestern

M.A. Mortenson, McCarthy Complete $1.3B Gaylord Pacific Resort, Convention Center in Chula Vista, California

by Abby Cox

CHULA VISTA, CALIF. — M.A. Mortenson and McCarthy Building Cos. have completed the Gaylord Pacific Resort and Convention Center, a $1.3 billion hospitality project located on the Chula Vista Bayfront, about seven miles from downtown San Diego. The nearly 2 million-square-foot development, construction of which began in August 2022, is the largest hotel project in the United States, according to the development team. Spanning 36 acres, the development consists of a 22-story Marriott hotel with 1,600 guestrooms (including 89 suites) and an 800,000-square-foot convention center that has an open-floor exhibit hall with meeting rooms, elevated ballrooms and areas to host large-scale events. The property also features a 4.3-acre outdoor waterpark with a waterslide, lazy river, wave pool, poolside bars and private cabanas. Guests have access to additional amenities such as a sports bar, fitness center, full-service spa and salon, nine-story parking garage and several restaurants, including Old Hickory Steakhouse, Trēō Kitchen + Bar, Shallow End Grill and Sunny’s.  The development team, which includes HKS Architecture, the City of Chula Vista, the Port of San Diego and Marriott International, completed the project in 34 months, creating approximately 3,000 annual jobs during the construction phase. The team also estimates that the project will …

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AcquisitionsIndustrialTexas

Basis Industrial Buys 519,000 SF Portfolio in Richardson, Will Open New Office

by Taylor Williams

RICHARDSON, TEXAS — Florida-based investment firm Basis Industrial has purchased a portfolio of 24 buildings totaling approximately 519,000 square feet in the northeastern Dallas suburb of Richardson. The portfolio consists of Arapaho Business Park, a 408,000-square-foot development, and the 111,000-square-foot Westwood Business Park. Basis also plans to open a new regional office within Building 7 at Arapaho Business Park. The seller and sales price were not disclosed.

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Leasing ActivityRetailTexas

EōS Fitness to Open 38,602 SF Gym in Northwest San Antonio

by Taylor Williams

SAN ANTONIO — EōS Fitness will open a 38,602-square-foot gym in northwest San Antonio. The site is located within Bandera Pointe shopping center in the Braun’s Farm neighborhood, and the Dallas-based operator will backfill a space previously occupied by Gold’s Gym. Rise Commercial Partners represented EōS Fitness in the lease negotiations. Global Commercial Real Estate Services represented the landlord, Bridge33 Capital. The opening is set for next year.

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DevelopmentGeorgiaLeasing ActivityOfficeSoutheast

TriNet Signs 150,000 SF Office Lease at High Street Mixed-Use Development in Atlanta

by John Nelson

ATLANTA — HR solutions company TriNet has signed a 150,000-square-foot office lease at High Street, a $2 billion mixed-use district located within the Central Perimeter neighborhood of Atlanta. TriNet’s move is expected to create 750 jobs over the next five years. Jeff Taylor and Adam Viente of JLL represented the landlord, while Tony Guglielmi, Rich Branning, Josh Hirsh, Dom Wyant, Terry McGuirk and Brennan Koslow of JLL represented the tenant in the lease negotiations. GID Development Group recently completed its $415 million Phase I at High Street, which includes two luxury apartment buildings, 320,000 square feet of office space, 150,000 square feet of retail, restaurant and entertainment space and a central lawn for residents, workers and visitors. Upon full buildout of High Street, the 36-acre development will feature 672,000 square feet of office space, a 400-room hotel, 400,000 square feet of retail, dining, fitness and entertainment space and 3,000 residential units.

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AcquisitionsRetailTexas

JLL Brokers Sale of 31,832 SF Retail Center in Northwest Austin

by Taylor Williams

AUSTIN, TEXAS — JLL has brokered the sale of San Clemente at Davenport, a 31,832-square-foot retail center located at the corner of Loop 360 and West Lake Drive in northwest Austin. Mexican restaurant Fresa’s anchors the center, and other tenants include Iron Fitness and Greenlake Energy. JLL represented the seller, Texas-based HPI Real Estate Services & Investments, in the transaction. Houston-based Whitestone REIT purchased the center for an undisclosed price.

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AcquisitionsGeorgiaMultifamilySoutheast

RADCO Acquires, Rebrands 615-Unit Multifamily Community in Riverdale, Georgia

by John Nelson

RIVERDALE, GA. — Atlanta-based RADCO has acquired a 615-unit multifamily community located at 750 Chateau Lane in the Atlanta suburb of Riverdale. Formerly known as Legacy at Riverdale, Rhythm at Riverdale offers studio, one-, two- and three-bedroom apartments spread across 57 low-rise residential buildings. Amenities at the property include multiple swimming pools, tennis and pickleball courts, laundry facilities and grade-level parking. The property rebrand was overseen by Unmaker Studio, RADCO’s internal full-service branding agency. Rhythm at Riverdale is the first property in RADCO’s portfolio to employ the Rhythm name, which is the company’s new brand for value-add properties. RADCO plans to complete capital improvements at the property, including renovations to the apartment units, exterior upgrades, building and mechanical repairs and enhancements to the common areas. Matt White and Scott Bray of Berkadia represented the undisclosed seller in the transaction. The sales price was also not disclosed.

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Leasing ActivityOfficeTexas

Law Firm Signs 25,024 SF Office Lease at Harwood District in Uptown Dallas

by Taylor Williams

DALLAS — McDermott Will & Emery has signed a 25,024-square-foot office lease at the 19-block Harwood District in Uptown Dallas. The international law firm is relocating within the district to the top floor of Harwood No. 14, which is the newest addition to the development. The space can accommodate about 65 lawyers and staff. No third-party brokers were involved in the lease negotiations.

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DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Tavistock Signs Five New Tenants at Lake Nona West Shopping Center in Orlando

by John Nelson

ORLANDO, FLA. — Tavistock Development Co. has signed five new tenants to join Lake Nona West, a 405,000-square-foot lifestyle shopping center located within Orlando’s master-planned community of Lake Nona. The tenants include Cañonita Mexican Restaurant, Nordstrom Rack, Barnes & Noble, discount retailer HomeSense and Total Wine & More. The new round of lease signings bring the total preleased space at the property to more than 300,000 square feet, which includes a 150,000-square-foot Target anchor store. Situated on 54 acres, Lake Nona West will include wide, shaded walkways, art-lined plazas and community greenspaces. In collaboration with Mercedes-Benz High-Power charging, the center will also offer 20 Level 3 electric vehicle chargers. Tavistock, master developer of Lake Nona, expects to open Lake Nona West in spring 2026.

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One-Congress-Boston
LoansMassachusettsNortheastOffice

JLL Arranges $650M Loan for Refinancing of Downtown Boston Office Tower

by Taylor Williams

BOSTON — JLL has arranged a $650 million loan for the refinancing of One Congress, a 43-story, 1 million-square-foot office tower in downtown Boston. Designed by Pelli Clarke & Partners, One Congress was completed in 2023 within Bulfinch Crossing, which is a redevelopment of the former Government Center Garage. The building offers amenities such as a full-floor center with food and beverage service, a 15,000-square-foot rooftop terrace, a 7,000-square-foot fitness center and a triple-height lobby with a coffee bar and seating. Financial services company State Street Corp. (510,000 square feet) and data management services provider InterSystems Corp. (420,000 square feet) are the anchor tenants. Riaz Cassum, Coleman Benedict, Jim Meisel, Mike Shepard and Hugh Doherty of JLL arranged the loan through Bank of America and Wells Fargo on behalf of the borrower, a partnership between Carr Properties and National Real Estate Advisors.

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