LIBERTY, MO. — Metrobloks, a developer of AI-ready, low-latency data center infrastructure in major metropolitan markets, has formed a joint venture with Lincoln Property Co., a full-service real estate firm with an established data center platform. The partnership will focus on the co-development of a high-performance data center campus in Liberty within metro Kansas City. The newly acquired site totals 30 acres and is already zoned and powered for data center use. It sits within 10 miles of the GPC Missouri Internet Exchange Point. Plans call for a multi-phase, 568,000-square-foot campus designed to support hyperscale, AI and enterprise data center workloads, with flexibility to scale over time beyond the initial 150MW total utility power.
MINNEAPOLIS — Colliers has arranged the $9 million sale of Anderson Plaza Apartments, a 100-unit multifamily community in Minneapolis. The transaction marks the first time the asset has changed ownership. The property was developed in 1963 on a former quarry site and family-owned since its inception. Mox Gunderson, Dan Linnell, Adam Haydon, Devon Dvorak and Drew Jackson of Colliers represented the seller. The buyer, Quarry Apartments LLC, plans to make targeted renovations and operational enhancements. The property was 86 percent occupied at the time of sale.
OTSEGO, MINN. — Marcus & Millichap has brokered the $6.3 million sale of a childcare facility net leased to Everbrook Academy in Otsego, about 33 miles northwest of downtown Minneapolis. Built in 2025, the 11,758-square-foot property features a 15-year lease backed by Learning Care Group. Spencer Berkley, Mark Ruble, Chris Lind, Zack House and Jon Ruzicka of Marcus & Millichap represented the seller, a Minnesota-based limited liability company, and procured the buyer, a Delaware-based limited liability company.
NORMAN, OKLA. — Rainier Development Co. has executed a master development agreement with the University of Oklahoma Foundation for the planned Rock Creek Entertainment District, a $1.1 billion project in Norman. Rainier will lead planning, design, coordination and development of the 269-acre district in collaboration with Cleveland County, the City of Norman, the University of Oklahoma, community stakeholders and other development partners. Rock Creek Entertainment District is envisioned as a year-round destination that will include an 8,000-seat performance venue designed to host concerts, conventions and community events, as well as University of Oklahoma men’s and women’s basketball games and women’s gymnastics events. Plans for Phase I of Rock Creek include the performance venue; a central outdoor plaza; approximately 140,000 square feet of retail, dining and entertainment experiences; roughly 250 multifamily units; and a structured parking garage with 1,200 spaces. Phased openings of the venue, restaurants and retail are expected to begin in 2028. Phase II will include approximately 180,000 square feet of office space and a 150-room hotel. Phase III calls for 500 additional multifamily units, as well as townhomes and single-family residences. Future phases are anticipated to include additional expansion, subject to market conditions and planning. The project, located …
LEWISVILLE, TEXAS — A partnership between Wan Bridge, a Texas-based developer of build-to-rent residential communities, and Centurion American Development Group has delivered Frontera Shores Townhomes, a 201-unit project in the northern Dallas suburb of Lewisville. The site spans 35.8 acres, and the community offers two-, three- and four-bedroom townhomes that range in size from 1,280 to 1,880 square feet. Amenities include a pool, walking trails and a dog park.
IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 153-room hotel located near Dallas-Fort Worth (DFW) International Airport. Built in 1997 and renovated in 2025, the Courtyard Dallas DFW Airport North/Irving offers an onsite restaurant and bar, outdoor pool, fitness and business centers, a mini-golf area and 1,350 square feet of meeting and event space. Chris Gomes and Allan Miller of Marcus & Millichap represented the California-based seller in the transaction and procured the buyer. Both parties requested anonymity.
HOUSTON — Arnold & Porter has signed a 22,718-square-foot office lease in downtown Houston. The law firm is taking space at 811 Main, a 974,884-square-foot office building. Eric Anderson and John Heard of Transwestern represented the landlord, Atlanta-based Invesco Real Estate, in the lease negotiations. Kevin Saxe and Wyatt McCulloch of CBRE represented the tenant.
HOUSTON — Local owner-operator Braun Enterprises has completed the renovation of 2120 Montrose, a roughly 11,000-square-foot office building located just west of downtown Houston. The renovation included upgrades to both the exterior and interior of the building, which now offers four suites that can be leased individually or collectively. Stream Realty Partners is the leasing agent for 2120 Montrose.
HALEDON, N.J. — JLL has arranged an undisclosed amount of construction financing for a mixed-use project in the Northern New Jersey community of Haledon. Known as High Mountain Promenade, the development at 987 Belmont Ave. will comprise 90 apartments, a 74,715-square-foot (gross) self-storage facility and 4,400 square feet of retail space. First Bank provided the financing, proceeds of which will be used to fund construction of the self-storage facility and predevelopment costs of the other uses. Michael Klein, Jon Mikula, Ryan Carroll and Michael Donohoe of JLL arranged the debt on behalf of the developer, a joint venture between two New Jersey-based groups, Tulfra Real Estate and The Hampshire Cos.
DELANCO, N.J. — Colliers has negotiated the sale of an 865-unit self-storage facility in Delanco, located outside of Philadelphia in Southern New Jersey. Extra Space Storage operates the facility at 700 Creek Road, which was originally constructed in 1989 and converted to self-storage use in 2021. Today, the facility spans 105,187 net rentable square feet across 766 climate-controlled units and 99 covered and uncovered parking spaces. Tom de Jong, Dylan de Jong and Ian Richman of Colliers represented the seller, Metropolis Development Group, in the transaction and procured the buyer, Merit Hill Capital.