Property Type

Marquette Cos. Breaks Ground on 300-Unit Residential Project in Metro Houston

by Taylor Williams October 13, 2023

THE WOODLANDS, TEXAS — Marquette Cos., an Illinois-based developer, has broken ground on The Sylvan, a 300-unit residential project located about 30 miles north of Houston in The Woodlands. The Sylvan will consist of 188 single-family rentals and townhouses and 112 apartments. Single-family homes will feature three- and four-bedroom floor plans, range in size from 1,495 to 1,805 square feet and include private yards and garages. Ranging from 1,456 to 1,581 square feet, townhomes will have two- and three-bedroom floor plans with attached garages and private outdoor space. Apartments will come in one-, two- and three-bedroom formats and range from 650 to 1,574 square feet. Amenities will include a clubhouse, pool, fitness center and walking paths. Completion is slated for August 2025.

October 13, 2023

Development Hospitality Texas

Provident Realty Advisors, Trez Capital to Develop 196-Site RV Park in Burleson, Texas

by Taylor Williams October 13, 2023

BURLESON, TEXAS — A partnership between Provident Realty Advisors and Trez Capital has acquired 22 acres in Burleson, a southern suburb of Fort Worth, for the development of a 196-site RV park. The development will be known as Roaming Trails RV Retreat (RTRV) Burleson and will offer multi-vehicle parking at every pad, back-in and pull-through spots, private fenced yards and weatherproof covers. Communal amenities will include a pool, package lockers and a dog park. Construction is scheduled to begin before the end of the year.

October 13, 2023

Leasing Activity Office Texas

AMLI Residential Signs 13,214 SF Office Lease Renewal, Expansion in North Dallas

by Taylor Williams October 13, 2023

DALLAS — AMLI Residential has signed a 13,214-square-foot office lease renewal and expansion at Liberty Plaza, a two-building, 218,934-square-foot office complex in North Dallas. Tyler Howarth and Caroline Hix of Holt Lunsford Commercial represented the landlord, Franklin Street Properties, in the lease negotiations. The representative of the tenant was not disclosed.

October 13, 2023

Leasing Activity Restaurant Retail Texas

Littwitz Investments Arranges Three Restaurant Leases Totaling 8,733 SF in Houston Area

by Taylor Williams October 13, 2023

HOUSTON, MONT BELVIEU AND RICHMOND, TEXAS — Littwitz Investments has arranged three restaurant leases totaling 8,733 square feet in the Houston area. Blue Tuba Euro-Tex Cuisine has signed a 5,141-square-foot lease at the Harold’s Heights retail building in Houston. Additionally, Beaky’s Hot Chicken will open a 2,436-square-foot restaurant in the eastern suburb of Mont Belvieu. Lastly, Cinnaholic Gourmet Cinnamon Rolls will occupy 1,156 square feet at Waterview Town Center in Richmond. David Littwitz of Littwitz Investments represented the tenants in the lease negotiations.

October 13, 2023

Development Georgia Industrial Southeast

Walmart to Invest $350M in New Dairy Processing Facility in Valdosta, Georgia

by John Nelson October 13, 2023

VALDOSTA, GA. — Walmart has announced plans to invest $350 million in the development of a new dairy processing facility in Valdosta. Located on Inner Perimeter Road, the facility will provide milk to more than 750 Walmart stores and Sam’s Clubs in Georgia and neighboring states. The project is expected to create almost 400 new jobs. Operations are scheduled to begin in late 2025. Further details of the property and construction timeline were not disclosed.

October 13, 2023

Development Multifamily North Carolina Southeast

AvalonBay to Develop 930-Unit Apartment Community in Durham

by John Nelson October 13, 2023

DURHAM, N.C. — AvalonBay Communities has purchased 6.8 acres in Durham for the development of a 930-unit apartment development. Located at 4802 Durham-Chapel Hill Blvd., the first phase will comprise 459 units in studio, one-, two- and three-bedroom floorplans across three four-story buildings. Amenities at the property will include a swimming pool, outdoor grilling areas, an indoor-outdoor fitness center and several courtyards. Construction is scheduled to begin in 2024, with the opening expected for 2026. CBRE represented the seller, Beacon Properties Group, in the transaction.

October 13, 2023

Acquisitions Georgia Multifamily Southeast

Berkadia Brokers $70.5M Sale of Multifamily Property in Metro Atlanta

by John Nelson October 13, 2023

ROSWELL, GA. — Berkadia has brokered the $70.5 million sale of Grace Apartment Homes Roswell, a 396-unit multifamily property in Roswell, roughly 22 miles north of Atlanta. Located at 100 Chattahoochee Circle, the community features apartments in one-, two- and three-bedroom layouts. Amenities at the property include a swimming pool, fitness center, clubhouse and a business center. Andrew Mays, Paul Vetter, Matt White, Judy MacManus and Ian Shaw of Berkadia represented the seller, Georgia-based MSC Investment, in the transaction. RH Investment Management purchased the property.

October 13, 2023

Development Industrial Leasing Activity Maryland NAI Southeast

Binswanger Arranges 2.1 MSF Warehouse Lease in Hagerstown, Maryland for Conair

by John Nelson October 13, 2023

HAGERSTOWN, MD. — Binswanger has arranged a lease at a 2.1 million-square-foot distribution facility currently underway in Hagerstown in northwest Maryland. Binswanger secured the 10-year lease on behalf of the tenant, Conair, a developer, manufacturer and marketer of health, beauty and kitchen products. Trammell Crow Co. is developing the property within its Mid-Atlantic Crossings industrial park. Originally planned as two separate facilities at 10440 Downsville Pike and 17250 Sterling Road, the warehouse will now be developed and operated as a single, contiguous building.

October 13, 2023

Development Florida Industrial Southeast

Glenstar Logistics Signs Two Tenants at New Industrial Park in Fort Myers, Florida

by John Nelson October 13, 2023

FORT MYERS, FLA. — Glenstar Logistics has signed leases with two new tenants at Tri-County 75, an industrial park currently underway at 6115-6150 Tri-County Commerce Way in Fort Myers. Glenstar is developing the 816,866-square-foot project in partnership with Columnar Holdings. Coldest, a Florida-based water bottle manufacturer, has signed a lease at the development for 52,866 square feet of warehouse and office space. Additionally, an unnamed third-party logistics provider (3PL) has signed a 22,784-square-foot lease at the property’s Building 4. General contractor The Conlan Co. will build out 1,400 and 1,100 square feet of office space for Coldest and the 3PL tenant, respectively. Lee & Associates, which is overseeing leasing at the development, represented Glenstar in the lease negotiations. Jeff Buckler of Lee & Associates represented Coldest, and Shawn Stoneburner of Cushman & Wakefield represented the 3PL. Ware Malcomb is the project architect for Tri-County 75, and DeLisi Fitzgerald is serving as the civil engineer. Affinius Capital is providing construction financing for the development.

October 13, 2023

Development Kansas Midwest Multifamily

Ryan Cos. Breaks Ground on 413-Unit Luxury Apartment Complex in Overland Park, Kansas

by Kristin Harlow October 13, 2023

OVERLAND PARK, KAN. — Ryan Cos. has broken ground on The OsLo, a 413-unit luxury apartment complex in the Kansas City suburb of Overland Park. The four-story project will be situated at the intersection of 135th Street and Antioch Road. Completion is slated for late 2025. The OsLo is being built in partnership with operating partner EPC Real Estate Group. Smart technology will be fully integrated for residents, enabling them to use a smartphone app for accessing the building and individual units, controlling thermostats and receiving package delivery notifications. A focus on health and wellness will be incorporated into the property to align with the Scandinavian-themed architecture. There will be a spa, yoga studio, golf simulator and sound studio. Additionally, residents will have access to coworking areas, group gathering places, a pool, pond and dog park. Ryan is serving as the developer, builder and capital markets provider. NSPJ Architects is the architect, Olsson is the civil engineer, Lankford & Associates is the mechanical, electrical and plumbing engineer and Bob D. Campbell is the structural engineer. Security Bank provided construction financing.

October 13, 2023

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