Tuesday, September 29, 2026
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Copperfield-Apartments-Fort-Worth
AcquisitionsMultifamilyTexas

MLG Capital Sells 323-Unit Copperfield Apartments in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Wisconsin-based investment firm MLG Capital has sold Copperfield Apartments, a 323-unit multifamily community located on the southwest side of Fort Worth. Copperfield Apartments offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor grilling and dining stations, business center, package lockers and onsite laundry facilities. Michael Ware, Taylor Hill, Drew Kile, Joey Tumminello, Will Balthrope, William Hubbard and Cameron Purse of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented MLG Capital, which purchased the property in 2019, in the transaction. The team also procured the buyer, Dallas-based investment firm Rise48 Equity, which plans to invest about $9 million in capital improvements and rebrand the property as Rise Spring Pointe. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Jesse Zarouk, also with IPA, arranged an undisclosed amount of acquisition financing for the deal.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 171,055 SF Office Complex in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — JLL has brokered the sale of The Offices at Kensington, a 171,055-square-foot office complex located in the southwestern Houston suburb of Sugar Land. The complex consists of two four-story buildings that had a combined occupancy rate of 84 percent at the time of sale. Rick Goings and Marty Hogan of JLL represented the seller, California-based investment firm Buchanan Street Partners, in the transaction. Michael Johnson and Michael King, also with JLL, arranged an undisclosed amount of fixed-rate acquisition financing on behalf of the buyer, Houston-based private equity firm DML Capital.

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AcquisitionsHealthcareTexas

Partners Real Estate Arranges Sale of Medical Office Building in Metro Dallas

by Taylor Williams

ALLEN, TEXAS — Partners Real Estate has arranged the sale of a medical office building in the northeastern Dallas suburb of Allen. According to LoopNet Inc., the building totals 5,883 square feet, was built in 2002 and renovated in 2023. Ryan McCullough and Bennett Greenbaum of Partners represented the seller, an entity doing business as 107 Suncreek LLC, in the transaction. The buyer and sales price were not disclosed.

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Leasing ActivityOfficeTexas

Carter & Co. Signs 7,205 SF Office Lease Renewal in North Dallas

by Taylor Williams

DALLAS — Accounting firm Carter & Co. has signed a 7,205-square-foot office lease renewal in North Dallas. The company renewed a year before the expiration of its lease at Highland Park West, a 51,847-square-foot complex that is now 96 percent leased. Jared Laake and Richmond Collinsworth of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Bill Zei of McLeod-Zei Inc. represented the tenant.

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Leasing ActivityOfficeTexas

Cypressbrook Negotiates 6,874 SF Office Lease in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Cypressbrook Co. has negotiated a 6,874-square-foot office lease at The Meadows at Interwood in North Houston. According to LoopNet Inc., the building was constructed in 1984 and spans 146,685 square feet. John Hornbuckle of Cypressbrook represented the tenant, ABM Insurance & Benefit Services, in the lease negotiations. Valere Costello of Brummett & Co. represented the landlord.

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Affordable HousingLoansMassachusettsMultifamilyNortheastSeniors Housing

MassDevelopment Provides $39.9M Bond Financing for Affordable Seniors Housing Project in Boston

by Taylor Williams

BOSTON —MassDevelopment has provided $39.9 million in tax-exempt bond financing for a 115-unit affordable seniors housing project in the Brookline area of Boston. The property will feature one-bedroom units that will be reserved for renters earning 60 percent or less of the area median income and will replace 60 outdated existing public housing units. Bond proceeds will also be used to build 32 parking spaces. Construction began in January and is scheduled for completion in December 2025. The borrower, 32 Marion Apartments LLC, is a for-profit affiliate of the Brookline Housing Authority. Eastern Bank and Rockland Trust purchased the bond.

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AcquisitionsIndustrialNew JerseyNortheastSelf-Storage

Marcus & Millichap Brokers Sale of 322-Unit Self-Storage Facility in Phillipsburg, New Jersey

by Taylor Williams

PHILLIPSBURG, N.J. — Marcus & Millichap has brokered the sale of Access Self Storage, a 322-unit facility in Phillipsburg, located along the New Jersey-Pennsylvania border. The facility was built on a little less than a full acre in 2018 and comprises 18,074 net rentable square feet of climate-controlled space. Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also not disclosed. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.

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AcquisitionsConnecticutMultifamilyNortheast

IPA Negotiates Sale of 125-Unit Apartment Complex in Bloomfield, Connecticut

by Taylor Williams

BLOOMFIELD, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Manor House, a 125-unit apartment complex in Bloomfield, located just outside of Hartford. The two-story building, which was originally constructed on 15 acres in 1963, offers one- and two-bedroom units, according to Apartments.com. Victor Noletti, Eric Pentore, Wes Klockner and Ross Friedel of IPA represented the seller and procured the buyer in the transaction.

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LoansMultifamilyNew JerseyNortheast

Cronheim Mortgage Arranges $6M Permanent Loan for Northern New Jersey Apartment Building

by Taylor Williams

HACKENSACK, N.J. — Locally based financial intermediary Cronheim Mortgage has arranged a $6 million permanent loan for Grand Apartments, a 74-unit building in the Northern New Jersey community of Hackensack. Grand Apartments was built in 1970 and houses three studios, 48 one-bedroom apartments, 22 two-bedroom units and one three-bedroom unit. Andrew Stewart, Dev Morris and Allison Villamagna of Cronheim placed the loan through Farm Bureau Life Insurance on behalf of the undisclosed borrower.

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ConnecticutIndustrialLeasing ActivityNortheast

Broadband Technical Resources Signs 9,159 SF Industrial Lease in Monroe, Connecticut

by Taylor Williams

MONROE, CONN. — Broadband Technical Resources has signed a 9,159-square-foot industrial lease in Monroe, about 20 miles west of New Haven. According to LoopNet Inc., the 23,702-square-foot building at 580 Pepper St. was originally built in 1987 and renovated in 1997. Bruce Wettenstein of locally based brokerage firm Vidal/Wettenstein represented the tenant in the lease negotiations. Robert Malin Realty owns the building.

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