DALLAS — Bradford Cos. has purchased Bent Tree Green, a 139,069-square-foot office building in North Dallas, with plans to invest about $9.6 million in capital improvements. Bent Tree Green is a three-story building that overlooks the 190-acre country club of the same name. Bradford plans to add a fitness center, outdoor tenant lounge, putting green and speculative suites to the property. JLL represented the seller, Silver Star Properties REIT, in the transaction.
DALLAS — H-E-B will open a 55,000-square-foot store at 5204 S. Buckner Blvd. in East Dallas that will be operated under the San Antonio-based grocer’s Joe V’s Smart Shop brand. The opening is slated for spring 2025. The concept, which launched in 2010 in Houston, features a smaller-format space and a curated selection of products, including baked goods, prepared foods, nutritional supplements and hygiene products. Construction is also underway on another Joe V’s store in South Dallas, with an opening scheduled for summer.
HOUSTON — Just Play Sports, which provides basketball lessons and training, has signed a 17,056-square-foot lease renewal at its recreational facility at 10510 Westview Drive in Houston. Just Play Sports originally opened at the facility in 2018. Jason Whittington of Partners Real Estate represented the tenant in the lease negotiations. Greg Barra of Boyd Commercial represented the landlord, an entity doing business as JL Landco LLC.
ATLANTA — BHI has provided a $50 million construction loan for The Dillon, an 18-story condominium tower underway at 2395 Peachtree St. NE in Atlanta’s Buckhead district. The borrower, an affiliate of The Kolter Group LLC, plans to deliver the property by January 2025. The loan is part of the development’s $133 million credit facility, which is overseen by BHI. The Dillon will offer for-sale residences configured in one-, two- and three-bedroom layouts ranging in size between 1,470 and 3,754 square feet. Amenities will include an amenity deck with a resort-style pool with cabanas and a spa, event lawn, pickleball court, dog park, clubroom with a catering kitchen, golf simulator, coworking spaces and a fitness center. In 2022, Kolter delivered The Graydon, a 45-unit condominium development located a quarter-mile from The Dillon.
CAMBRIDGE, MASS. — Boston Properties (NYSE: BXP) has completed the previously announced sale of its 45 percent interest in a 577,000-square-foot life sciences development in Cambridge. The buyer was Norges Bank Investment Management. Construction is underway on the 16-story building, which is located at 290 Binney St. in the Kendall Square neighborhood and is fully preleased to AstraZeneca. Delivery is slated for spring 2026.
MALTA, N.Y. — Florida-based LeCesse Development Corp. has completed GrandeVille at Malta, a 189-unit multifamily project located about 30 miles north of Albany in Upstate New York. The project represents Phase II of a larger development, the initial phase of which comprised 292 units. Phase II residences are spread across three buildings and come in one-, two- and three-bedroom formats. Units are furnished with stainless steel appliances, quartz countertops, custom cabinetry, walk-in closets and individual washers and dryers. Amenities include an indoor pool, clubhouse, fitness center, game room, business lounge and a spa. Project partners included James Fahy Design Associates, general contractor Platinum-LeChase, Lansing Engineering and Five Star Bank. Rents start at about $1,700 per month for a one-bedroom apartment.
PENSACOLA, FLA. — Walker & Dunlop has arranged a $49.5 million Fannie Mae loan for the refinancing of Palmilla Apartments, a 240-unit multifamily community located at 51 S. Coyle St. in Pensacola, a city on the Florida-Alabama border. Will Baker and Doug McDaniel of Walker & Dunlop’s Birmingham office arranged the five-year, fixed-rate loan on behalf of the borrower, Kore LLC. The borrower will use the proceeds to reach stabilization at Palmilla and pay off construction debt. Kore used Fannie Mae’s green platform for better pricing, according to Walker & Dunlop. Palmilla features studio, one-, two- and three-bedroom units ranging in size from 588 to 1,618 square feet, according to Apartments.com. Amenities include a pool, fitness center, clubhouse, putting green and electric vehicle charging stations.
HUNTERSVILLE, N.C. — The Opus Group has broken ground on Huntersville Commerce Center, a 131,000-square-foot speculative industrial facility located at 13601 Reese Blvd. in Huntersville, about 12 miles north of Charlotte via I-77. The 11-acre project is situated within the Park at Huntersville, a master-planned development that houses tenants including Daumar, Atom Power, NSI Industries and Oelikon. Slated for delivery in the fourth quarter, Huntersville Commerce Center will feature 13 dock doors (expandable to 26), two drive-in doors, 32-foot clear heights, 11 trailer parking stalls and 130 auto parking stalls. The Opus Group is the developer, general contractor, architect and structural engineer of record on the project. Orsborn Engineering Group PA is serving as civil engineer. Justin Smith and Rob Speir of Colliers’ Charlotte office are marketing Huntersville Commerce Center for lease.
DELRAY BEACH, FLA. — DigitalBridge, a digital infrastructure investment firm active in data centers and cell towers, has signed a 79,141-square-foot office lease at Sundy Village, a mixed-use development located at 100 S.E. 1st Ave. in Delray Beach. The South Florida property will serve as the new corporate headquarters for DigitalBridge, which is relocating from nearby Boca Raton. The company plans to move its 300 employees to Sundy Village in the third quarter. The development’s other office tenants will include the developer, Pebb Capital, as well as Vertical Bridge. Joe Freitas and John Criddle of CBRE oversee office leasing at Sundy Village, which also features retail space, structured and subterranean parking and green spaces.
MIAMI — Bowlero Corp. has opened Lucky Strike Miami, a 30,000-square-foot entertainment venue within the $6 billion Miami Worldcenter development. The venue is the second new build for Bowlero using the Lucky Strike brand since it was acquired in September. Lucky Strike Miami features 28 bowling lanes, an arcade, craft cocktail bar, food service and a VIP room with six private bowling lanes. The venue is situated adjacent to Kaseya Center, home arena of the NBA’s Miami Heat. Miami Worldcenter Associates is the master developer of the 27-acre district, which comprises 10 city blocks and features three residential towers and the newly opened citizenM hotel, among other uses.
