BRENTWOOD, TENN. — Greenberg Gibbons has acquired Cool Springs Pointe, a 198,103-square-foot shopping center located in Brentwood, a southern suburb of Nashville. The property was purchased through the Greenberg Gibbons Real Estate Income Fund for $34.5 million. The seller was not disclosed. Cool Springs Pointe was fully leased at the time of sale to tenants including Best Buy, Ross Dress for Less, Restoration Hardware Outlet, Golf Galaxy, Old Navy and Party City.
RICHMOND, VA. — Newmark has arranged the $33.5 million sale of Atlee Station Corporate Campus, an office headquarters campus located along the I-295 beltway in Richmond. Andrew Sandquist, Adam Faulk, J.C. Asensio, Adam Petrillo, Briggs Goldberg, Will Bradley and Mark Williford of Newmark represented the undisclosed seller in the transaction. Constructed in 2006, the property comprises a 165,000-square-foot building and an additional 50-acre land parcel. The property recently underwent extensive renovations that included delivery of fully renovated restrooms and common areas, an onsite cafeteria, outdoor patio seating and a fitness center.
DEERFIELD BEACH, FLA. — Grover Corlew has received final site plan approval for the addition of 360 residential units and renovations to existing office buildings within the Hillsboro Center master-planned development at 600 and 700 Hillsboro Blvd. in Deerfield Beach, a city in South Florida’s Broward County. The developer has also been approved for the demolition of 45,000 square feet of existing two-story office space at the site. The residential units will be Mayla-branded luxury apartments. Plans also include upgrades to nearby public streets, parks, traffic signals and intersections, as well as onsite public plazas and a new road through the development. Grover Corlew is scheduled to break ground on the project in late 2025. The developer has already invested more than $10 million in interior renovations at 600 and 700 Hillsboro Blvd. Office tenants including GardaWorld Security Corp., Tomberg, Morris & Poulin and The Craneware Group have signed leases for more than 20,000 square feet of space at the property.
LEHIGH ACRES, FLA. — CBRE has brokered the $4.5 million sale of a self-storage development site located in Lehigh Acres, a city in Southwest Florida’s Lee County. A private investor acquired the 87,813-square-foot property, which is situated at 511 Lee Blvd. Upon completion, the development will feature 971 climate-controlled self-storage units. CBRE’s Self Storage Advisory Group represented the seller, a private investor, in the transaction.
AUSTIN, TEXAS — Chicago-based Logistics Property Co. will develop a two-building, 408,000-square-foot industrial project at 12821 Titanium St. in northeast Austin. The site is roughly one mile from State Highway 130 and 15 miles from the downtown area. The development will consist of a 175,000-square-foot rear-load building and a 233,000-square-foot cross-dock building. Construction is slated to begin in the second quarter and to last about a year. Locally based brokerage firm AQUILA Commercial will market the property for lease.
TOMBALL, TEXAS — Locally based developer McGrath Real Estate Partners has completed Adora on Rosehill, a 336-unit multifamily project located in the northeastern Houston suburb of Tomball. The site spans 15.4 acres, and the building houses one-, two- and three-bedroom units that range in size from 599 to 1,393 square feet. Residences are furnished with stainless steel appliances, granite countertops, custom cabinetry and individual washers and dryers. Amenities include a pool, business center, clubhouse, pickleball courts, outdoor lounge area and a dog park. Rents start at $1,350 per month for a one-bedroom apartment.
GEORGETOWN, TEXAS — San Antonio-based Jefferson Bank has provided a $20 million construction loan for Phase I of The Preserve, a mixed-use project in the northern Austin suburb of Georgetown. Phase I will feature two industrial flex buildings, two retail buildings and one office building totaling 50,700 square feet across the five structures. The borrower, locally based developer OM Properties, expects for construction of Phase I to last 18 to 24 months. Other project partners include Mode Design Co. (architect), NAVCON Group (general contractor) and 2P Consultants (civil engineer).
EULESS, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a 10-acre industrial development site located near Dallas-Fort Worth International Airport in Euless. An entity doing business as Clubwise Finance LP sold the property at 3300 FM 157 to locally based firm Windhaven Investments LLC for an undisclosed price. John St. Clair and Luke Nolan of Younger Partners brokered the deal.
AUSTIN, TEXAS — FUSE Workspace, a Texas-based provider of flexible workspace solutions, will open a 33,000-square-foot space at 2105 E. MLK Boulevard in East Austin. The space, which will be the company’s fourth in Austin, will offer an array of private offices, dedicated individual desks, enterprise suites and meeting rooms. CB Capital owns the building. The opening is slated for September.
HOBOKEN, N.J. — Madison Realty Capital has provided $97 million in financing for a project in the Northern New Jersey community of Hoboken that will convert a five-story industrial building into a 110-unit multifamily complex. The new multifamily building will rise nine stories, feature for-sale units and include 50,000 square feet of retail space and a 300-space parking garage. Units will come in one- through five-bedroom floor plans, and amenities will include a pool, fitness center, clubroom, lounge and grilling areas. Construction is underway and slated for a third-quarter 2025 completion. The borrower is Taurasi Group.