IRVING, TEXAS — Data center owner-operator Edged U.S. will open a new facility at its Irving campus. The square footage of the new building was not announced, but the facility, which will be known as Edged Dallas 2, will be located along North Wildwood Drive and will have a power capacity of 24 megawatts. Construction is scheduled to begin during the second quarter and to be complete in fall 2027. The first data center at the Edged Dallas campus opened in January 2025.
AUSTIN, TEXAS — SRS Real Estate Partners has brokered the sale of Woodland Place, an 11,049-square-foot retail strip center in northwest Austin. The center was built in 2016 and was fully leased at the time of sale to three tenants: Austin Family Orthodontics, Austin Children’s Dentistry and Firehouse Animal Health Center. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS represented the seller, an Austin-based developer, in the transaction. The buyer was a Los Angeles-based private investor. Both parties requested anonymity.
WOODBRIDGE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $90 million sale of a portfolio of 10 multifamily properties totaling 540 units in Northern New Jersey. The properties range in size from 14 to 275 units and are scattered across municipalities such as Roselle Park, Elizabeth and Rahway. Jeff Squires of Kislak represented the seller, New Jersey-based owner-operator Landmark Cos., in the transaction. The buyer was not disclosed.
BRISTOL, CONN. — JLL has brokered the sale of Bristol Plaza, a 263,829-square-foot shopping center located approximately 20 miles southwest of Hartford, for $44.4 million. Anchored by regional grocer Stop & Shop, Bristol Plaza was 93.1 percent leased at the time of sale. Other tenants include T.J. Maxx, Burlington, Dollar Tree and Starbucks. Chris Angelone, Zach Nitsche, Alex Quinn, Sam Wiesman and Henry Schaffer of JLL represented the seller, Federal Realty Investment Trust, in the deal. The buyer was Sterling Organization.
BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has arranged a $43.5 million CMBS loan for the refinancing of a 323,260-square-foot industrial building in Buffalo. The address was not disclosed. Completed in 2022, the rail-served building features a clear height of 40 feet and was fully leased at the time of the loan closing. Jack Phillips led the transaction for Largo Capital. The borrower and direct lender were also not disclosed.
FAIRFIELD, N.J. — A joint venture between Legacy Real Estate Developers and Commerce Park Investors has acquired a 26,630-square-foot industrial building in the Northern New Jersey community of Fairfield. The partnership plans to redevelop the building at 611 Union Blvd., which was originally constructed in 1980 as the home of the Knickerbocker Machine Shop, to support retail and flex uses in addition to industrial. Howard Weinberg of JLL brokered the sale. The seller and sales price were not disclosed.
DES PLAINES, ILL. — Greystone has provided a $115 million Freddie Mac loan to refinance Courtlands on the Park, a 918-unit multifamily community in Des Plaines. Eric Rosenstock of Greystone originated the loan on behalf of the borrower, CLK Properties. Built in 1973, Courtlands on the Park is a garden-style community with 153 buildings. The units have been recently renovated with modern appliances and finishes. Amenities include a playground, dog park, grilling stations and onsite parking. The nonrecourse, fixed-rate loan features a five-year term and 30-year amortization along with three years of interest-only payments. The loan refinances the bridge financing used to acquire the property in 2019 and enables the borrower to use a portion of the equity in the property.
CHICAGO — JLL Capital Markets has arranged $38.1 million in senior construction financing and $6 million in preferred equity for 310 West Huron, a 149-unit luxury apartment complex in Chicago’s River North. Christopher Knight, Mary Dooley and Ryan Planek of JLL secured the three-year construction facility through CIBC and preferred equity investment from N3 Capital Management on behalf of the borrower, a joint venture between Third Coast Real Estate and ZSD. The nine-story, 134,000-square-foot building will feature studios, one- and two-bedroom units, including 11 two-story units with private patios. Amenities will include a rooftop lounge with fitness center, coworking space, ground-floor coffee bar and outdoor deck with grills. The project will feature 3,700 square feet of ground-floor retail space and 21 parking spaces. Construction is underway, with completion slated for March 2027.
LINCOLN, NEB. — The Lied Center for Performing Arts in Lincoln has begun “Building the Future,” a $35 million privately funded addition and renovation to Nebraska’s Performing Arts Center, which is located at the University of Nebraska-Lincoln. The project will include a new entrance along Q Street as well as enhanced lobbies, a new studio theater and numerous other enhancements. Construction site preparations began in early February following the project’s approval by the University of Nebraska Board of Regents. Lied Center performances and programs will continue throughout construction. The project is slated for completion in fall 2027. The Lied Center opened in 1990 and was created with support from the Lied Foundation Trust. The center serves over 200,000 people per year at performance events, conferences and conventions and through its partnership with Lincoln’s Symphony Orchestra as the orchestra in residence. The Lied Center’s current venue spaces are dedicated to season performances, rental events and special programs. The new studio theater, totaling 11,150 square feet, will provide space for K-12 and Husker student performances. With space for performances, workshops, arts education classes and rehearsals, the new studio theater will enable independent activities to take place even when a national touring performance …
APPLETON, WIS. — Terramed Real Estate Solutions has acquired BluePearl Pet Hospital Fox Valley, a veterinary facility in Appleton within Wisconsin’s Fox Valley, for $7.1 million. The 32,232-square-foot emergency, specialty and urgent care property is the only 24-hour veterinary hospital in East Central Wisconsin. The transaction included the renegotiation of a new 10-year lease. The hospital’s team of 20 veterinarians offers orthopedic and soft-tissue surgery, internal medicine, dermatology, oncology, medical imaging and other advanced services. Terramed now holds a national portfolio of nearly 2 million square feet of medical real estate.