FLOWER MOUND, TEXAS — Realty Capital Management has received approval from the Town of Flower Mound, located in the northern-central part of the metroplex, for the expansion of its Lakeside Village mixed-use project. The 21-acre site at the northeast corner of International and Lakeside parkways is the fourth and only remaining undeveloped corner at the intersection where Lakeside Village is located. Plans for the parcel currently call for 43,000 square feet of retail and restaurant space, up to 132 townhomes, a hotel, multiple open entertainment and gathering spaces and a public nature trail. Construction is scheduled to begin late next summer and to last about a year.
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SAN ANTONIO — International developer Skanska has topped out a $35 million project at the University of Texas at San Antonio (UTSA). The 52,000-square-foot building will serve as a practice facility for the university’s men’s and women’s basketball and volleyball teams. The facility will have separate practice courts for each program, as well as locker rooms, film review rooms, team lounge areas and office space for UTSA coaching staff. Shared amenities will include strength and conditioning areas, hydrotherapy spaces and equipment and laundry rooms. Completion is slated for summer 2026.
AMARILLO, TEXAS — A limited liability company doing business as 3101 BB LLC has purchased Boulder Bay Apartments, a 224-unit multifamily property in Amarillo, for $22.4 million. Built in 2016, the property offers one-, two- and three-bedroom units that are furnished with granite countertops, black appliances and walk-in closets. Amenities include a pool, fitness center, business center, resident lounge and outdoor grilling and dining areas. The seller was not disclosed.
RICHARDSON, TEXAS — Edge Capital Markets has arranged the sale of Promenade North Plaza, a 59,355-square-foot shopping center located in the northeastern Dallas suburb of Richardson. Built in 1979, the center consists of six building on a 4.3-acre site. Brandon Beeson and John David Cobb of Edge represented the undisclosed seller in the transaction. Promenade North Plaza was 93 percent leased at the time of sale.
KATY, TEXAS — Partners Real Estate has brokered the sale of a 50,532-square-foot industrial outdoor storage facility in the western Houston suburb of Katy. The site at 29315 Highway Blvd. spans 44.6 acres. Hunter Stockard and Wyatt Huff of Partners represented the seller, BioUrja, in the transaction. The buyer was Chicago-based private equity real estate firm Timber Hill Group.
CLIFFSIDE PARK, N.J. — A joint venture between two New York City-based firms, Hyperion Group and Benenson Capital, has acquired The Centre, a 16-story apartment building located in the Northern New Jersey community of Cliffside Park, for $165 million. The Centre consists of 314 units that come in studio, one- and two-bedroom units and range in size from 564 to 1,385 square feet. Amenities include a pool, health club, lounge, billiards and card room, spa and 24-hour concierge services. The Centre also houses 52,000 square feet of commercial space across two stories. The seller was not disclosed.
NEW YORK CITY — Marcus & Millichap has arranged the $7.3 million sale of a 40-unit apartment building in Queens. The five-story building at 27-08 39th Ave. was originally constructed in 1929 and offers studio, one- and two-bedroom units, eight of which (20 percent) are subject to rent restrictions. Matt Fotis and Lazarus Apostolidis of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Filippo of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.
MORGANVILLE, N.J. — CBRE has brokered the $6.9 million sale of an industrial outdoor storage (IOS) facility in the Central New Jersey community of Morganville. The 21,000-square-foot facility at 173 Amboy Road was originally constructed in 1988, and the property includes 4.8 acres of outdoor storage space. Liam McGregor, Mark Silverman, Brian Fiumara and Elli Klapper of CBRE represented the buyer, private industrial investment firm Genesis, in the off-market transaction. The seller was not disclosed.
BOSTON — New York City-based investment firm Drucker Associates has completed the $5 million renovation of 211 Congress Street, a 90,000-square-foot office building in downtown Boston. The project, which is expected to be complete before the end of the year, will deliver a modern lobby, upgraded elevators and restrooms, new storefronts and a refreshed retail façade. Newmark is both the office and retail leasing agent for 211 Congress Street.
HANOVER, PA. — Kerry Group, an Irish food-and-beverage company, will open a 48,000-square-foot manufacturing facility in the Lehigh Valley city of Hanover. Kerry has leased a building that was formerly occupied by beverage maker Martin Bauer Group with plans to use the facility for coffee roasting and extraction. Kerry expects the facility to create about 60 new jobs in addition to 16 positions that will be retained from the previous operation. The opening is set for some time next year.