SPRING HILL, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17 million sale of Seven Hills Plaza, an 87,286-square-foot retail center located roughly 50 miles north of Tampa in Spring Hill. Planet Fitness and Walgreens anchor the center, which was fully occupied at the time of sale. Additional tenants include Altitude Trampoline Park, AFC Urgent Care, Rehability, Okinawa Ramen Restaurant, GNC and Nails So Happy. Kirk Olson and Drew Kristol of IPA represented the seller, Baltimore-based Continental Realty Corp. (CRC), and procured the buyer, Bezrat H. Corp., in the transaction.
Property Type
AUSTELL, GA. — Lee & Associates has arranged a 103,776-square-foot industrial lease at 7815 Third Flag Parkway in Austell, a suburb in Atlanta’s I-20 West submarket. Earnest Machine Products, an industrial fastener distributor based in Cleveland, signed the lease with the landlord, Link Logistics, an industrial real estate owner founded by Blackstone in 2019. Mike Sutter and Rick Tumlin of Lee & Associates’ Atlanta office negotiated the lease deal.
ANN ARBOR, MICH. — LV Collective has partnered with Harrison Street to build Rambler Ann Arbor, a 1,009-bed luxury student housing development across the street from the University of Michigan campus in Ann Arbor. The 484,587-square-foot project will feature 273 units across a variety of floor plans ranging from studios to six-bedroom residences. The ground floor of Rambler Ann Arbor will include a lobby with an integrated café named Daydreamer. The study mezzanine will offer spaces for coworking and private study rooms. Residents will also enjoy outdoor terraces, a clubroom and gameday lounge, rooftop pool, hot tub, fitness facility, yoga studio, flex studio, red light sauna and resident lounge. Site work began in October, and completion is slated for fall 2027. The project is pursuing LEED Gold certification and will also include a payment of $7.2 million to the city’s affordable housing fund. Kennedy Wilson and Forum Investment Group provided construction financing. “With the University of Michigan’s rising enrollment and Ann Arbor’s status as a premier college town, creating high-quality living spaces that match this growth and enhance students’ overall experience is essential,” says Thomas Whitesell, head of the debt investment group at Kennedy Wilson. The development team includes Turner …
SAN ANTONIO — Dallas-based developer Carbon Cos. has completed Greyson Luxury Living, a 291-unit multifamily project in San Antonio. The property is located at 1734 N. Loop 1604 W on the city’s north side. Units come in one-, two- and three-bedroom floor plans and are furnished with stainless steel appliances, quartz countertops, individual washers and dryers and private patios/balconies. Amenities include a pool, fitness center and a dog wash station. Rents start at roughly $1,300 per month for a studio apartment.
HUGHES SPRINGS, TEXAS — Marcus & Millichap has brokered the sale of a 260-unit self-storage facility in Hughes Springs, about 140 miles east of Dallas. The facility was built in 2019 and totals 54,100 net rentable square feet, including 20 RV/boat storage spaces. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a local developer, in the transaction and procured the buyer, a Dallas-based investment company. Both parties requested anonymity.
AUSTIN, TEXAS — Buffalo, N.Y.-based developer Reger Holdings has welcomed three new tenants to East Village, a 425-acre mixed-use development in northeast Austin. Fitness International, the parent company of LA Fitness, will open a 34,000-square-foot gym under its Club Studio brand, and entertainment concept 810 Billiards & Bowling has committed to a 30,000-square-foot space. Both openings are about 12 to 24 months away. Lastly, Swish Dental will open a 3,513-square-foot clinic at East Village within the next 30 days.
MCKINNEY, TEXAS — Austin-based investment firm Harbor Capital has purchased a 51,710-square-foot industrial building in McKinney, a northern suburb of Dallas. The three-tenant facility at 190 Industrial Blvd. features 24-foot clear heights, grade-level doors, multiple 20-ton bridge cranes and heavy power capabilities. Harbor Capital is partnering with TIG Real Estate Services Inc. to manage the property. The seller and sales price were not disclosed.
FAIRVIEW, TEXAS — Revolving Kitchen has opened a 30,000-square-foot food hall at 146 Town Place in Fairview, a northern suburb of Dallas. The food hall will feature 34 fully equipped commercial kitchen spaces ranging in size from 260 to 1,100 square feet. Operators that have already committed to Revolving Kitchen Fairview include Brooklyn Bagels, Chanko Nutrition and Emmy J’s Pizza. Lincoln Property Co. owns the building.
WATERTOWN, MASS. — A joint venture between New York City-based developer O’Connor Group, real estate private equity firm FrontRange Capital Partners and Japanese construction company Takenaka Corp. has broken ground on a 142-unit multifamily project in Watertown, a western suburb of Boston. Elysian Watertown Square will be a five-story building with retail space, and 15 percent of the units will be reserved for households earning between 65 and 80 percent of the area median income. Amenities will include a fitness center, coworking space, pet care spa and two rooftop terraces. ICON Architecture designed the project, and Dellbrook | JKS will be the general contractor. Completion is slated for summer 2026.
EAST SYRACUSE, N.Y. — Locally based financial intermediary Largo Capital has arranged a $20 million loan for the refinancing of a 530,000-square-foot industrial property in East Syracuse. The name and address of the multi-tenant property, as well as the names of the direct lender and borrower, were not disclosed. Jack Phillips of Largo originated the debt, and a portion of the proceeds will be allocated toward capital improvements for the property.