OVERLAND PARK, KAN. — TruHome Solutions, a financial services company offering mortgage lending services, has signed a 36,000-square-foot office lease at the Aspiria campus in Overland Park. The company plans to move in the first quarter of 2024, bringing 220 employees. Michael VanBuskirk and Trey DeRousse of Newmark Zimmer represented the tenant. Hunter Johnson of Occidental Management represented the landlord on an internal basis.
JACKSONVILLE, FLA. — The KABR Group and The Klotz Group of Cos. have opened The Reef, a multifamily development in Jacksonville comprising 456 apartments and 30,000 square feet of dining and retail space. The property is located at 2753 Mayport Road, near Atlantic Beach, the Mayport Naval Station and Kathryn Abbey Hanna Park. The Reef comprises one-, two- and three-bedroom apartments that range in size from 690 to 1,242 square feet. Rental rates start at $1,575 per month for one-bedroom units, and the property is more than 50 percent leased. The Reef features a 13,000-square-foot, two-story glass and steel clubhouse that has a rooftop terrace, resort-style pool, espresso bar and lounge, bike parking station and a fitness center with a rock climbing wall and Peloton bikes. Other amenities include electric vehicle charging stations and a large dog park.
BLOOMINGDALE, GA. — Lincoln Property Co. Southeast (LPC Southeast) is set to break ground this month on Bloomingdale Trade Center, a 482,755-square-foot distribution center near the Port of Savannah. Denton Shamburger, Turner Fortin and Colin Beecham of LPC Southeast are overseeing construction, marketing and leasing of the facility, which is expected to deliver in the fourth quarter of 2024. Located along Bloomingdale Road and two miles from I-16, Bloomingdale Trade Center will feature 36-foot clear heights, 80 dock-high doors, 121 trailer parking spaces, 266 auto parking spaces and dedicated tenant amenity areas. The project represents the first development in the Savannah market for LPC Southeast.
CHARLOTTE, N.C. — Embrey plans to develop North Tryon, a 403-unit apartment community in Charlotte. The San Antonio-based developer recently acquired a seven-acre site in the city’s NoDa district for the development, its fourth in the Charlotte market. Embrey expects the clubhouse and first units at North Tryon to be available for occupancy in third-quarter 2025, with full completion slated for 2026. Amenities will include a clubhouse, game room, business center, micro-offices, conference room, fitness studio, outdoor grilling areas, outdoor gas fireplace, landscaped courtyard and a resort-style pool.
CHARLOTTE, N.C. — Hunter Hotel Advisors has brokered the sale of Canopy by Hilton Charlotte, a 150-room hotel in Charlotte’s SouthPark submarket. Located at 4905 Barclay Downs Drive, the pet-friendly hotel features an onsite restaurant, fitness center and meeting rooms. The seller, Tara Investments, delivered the hotel in 2020. MCR Hotels acquired Canopy by Hilton Charlotte for an undisclosed price. Mayank Patel of Hunter represented the seller in the transaction.
BIRMINGHAM, ALA. — JLL has arranged the sale of 280 Station, a 24,760-square-foot shopping center located in Birmingham. Tenants at the property, which was 91 percent leased at the time of sale, include Oasis Nails & Spa, Eyemart Express, Subway, Bedzzz Express, Isbell’s Jewelry, Budget Car Rental, Tint World, State Farm Insurance, Dunkin’ and Tao Massage. Jim Hamilton, Brad Buchanan and Anton Serafini of JLL represented the seller and procured the buyer, a real estate fund advised by Crow Holdings Capital. The seller and sales price were not disclosed.
ROSENBERG, TEXAS — The Signorelli Co. has announced plans for Phase I of Austin Point, a 4,700-acre master-planned community located roughly 30 miles southwest of Houston in Rosenberg. Upon completion, the development will feature 14,000 homes and 15 million square feet of multifamily, office, medical, retail and hospitality space. The project will also include the extension of Fort Bend Parkway and Grand Parkway at the development site for more convenient access to downtown Houston. Phase I of Austin Point is set to break ground in 2024 and will include the construction of 400 homes. These residences will be built on smaller lots in an alley-loaded format, in sizes ranging from 1,300 to 4,500 square feet. The project team for Phase I includes Ashton Woods, Beazer Homes, Drees Homes, Castlerock, David Weekley Homes, Newmark Homes, Perry Homes, William David Homes and Westin Homes. Sales of homes in Phase I are expected to begin in spring 2025. Plans for Austin Point also include a community event space dubbed The 1824 — a nod to the year that the original landowner received the title to the development site. The space will include a café and wine bar with an open front porch, outdoor …
DALLAS — A partnership between two locally based developers, KDC and Pacific Elm Properties, will develop Parkside, a 500,000-square-foot office building that will be located at the corner of North Harwood Street and Woodall Rodgers Freeway in Uptown Dallas. Bank of America has committed to be the building’s anchor tenant with a 238,000-square-foot lease, and upon move-in, the building will become known as Bank of America Tower at Parkside. Construction is scheduled to begin before the end of the year, with delivery slated for the first half of 2027. Corgan is the project architect. Andy Leatherman of JLL represented Bank of America in the lease negotiations. Aarica Mims of KDC and Sara Terry of Pacific Elm Properties represented ownership on an internal basis.
HUTTO, TEXAS — Arizona-based developer Empire Group of Cos. has broken ground on Village at Hutto Station, a 276-unit build-to-rent residential project that will be located on the northern outskirts of Austin. Village at Hutto Station will offer one-, two- and three-bedroom homes with private backyards. Residential amenities will include a pool, outdoor grilling areas, a fitness center, walking paths, community clubhouse and a dog park. Construction is expected to last about two years and is being financed by a $62.4 million loan from Arbor Realty Trust. Tower Capital, an Arizona-based boutique advisory firm, arranged the construction debt. Empire Group of Cos. acquired the 30.6-acre site last fall for $11 million.
HOUSTON — Fort Worth-based investment firm Fort Capital has acquired a 258,999-square-foot industrial portfolio in Houston. The portfolio consists of five Class B, light industrial buildings with a total of 97 units that are located across three different unnamed sites. The portfolio was 81 percent leased at the time of sale. The seller and sales price were not disclosed.
