Thursday, July 17, 2025
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DevelopmentMultifamilyTexas

Titan Development, Aberg Property Break Ground on $63M Multifamily Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Titan Development and Dallas-based investment firm Aberg Property Co. has broken ground on The Trailhead at Chisholm Trail Ranch, a $63 million multifamily project in Fort Worth. The 284-unit development will be situated within the 625-acre Chisholm Trail Ranch master-planned community. Units will be spread across seven buildings and will be available in studio, one-, two- and three-bedroom formats. Amenities will include a pool, dog park and a pickleball court. HEDK Architects is designing the project, and Links Construction LLC is the general contractor. Completion is slated for the first quarter of 2025.

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AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers $56M Sale of Three Houston Multifamily Properties

by Taylor Williams

HOUSTON — Marcus & Millichap has brokered the $56 million sale of three Houston multifamily properties. Ridgepoint Apartments totals 168 units, was built in 1980 and sold for $21.3 million. Green Tree Place comprises 196 units, was constructed in 1983 and traded for $22.6 million. Pine Lake Village consists of 96 units, was delivered in 1983 and fetched a price of $12.1 million. Matthew Peters and Matthew Roth of Marcus & Millichap brokered the deal. The buyer and seller were not disclosed.

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DevelopmentMultifamilySeniors HousingTexas

Anthology Senior Living Plans 130-Unit Community in North Austin

by Taylor Williams

AUSTIN, TEXAS — Anthology Senior Living has announced plans to develop a 130-unit seniors housing community in North Austin. Anthology of The Arboretum will span 131,000 square feet and offer assisted living and memory care options. Units will be available in studio, one- and two-bedroom formats. Cadence McShane is the general contractor for the project, which is scheduled for completion in spring 2023.

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IndustrialLeasing ActivityTexas

Holt Lunsford Negotiates 69,590 SF Industrial Lease in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Holt Lunsford Commercial has negotiated a 69,590-square-foot industrial lease at Valwood Trade Center in the northern Dallas metro of Carrollton. Andrew Gilbert and Keaton Brice of Holt Lunsford represented the landlord, Boston-based TA Realty, in the lease negotiations. Steven Berger of CBRE represented the tenant, crating and packaging firm DGM Services Inc.

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IndustrialLeasing ActivityTexas

Embroidery Graphix Signs 12,649 SF Industrial Lease in Northwest Dallas

by Taylor Williams

DALLAS — Embroidery Graphix, a locally based company that manufactures personalized apparel, has signed a 12,649-square-foot industrial lease at 1489 Prudential Drive in northwest Dallas. Sean Smith, Brendan Zrowka and Lauren Pesqueda of Whitebox Real Estate represented the tenant in the lease negotiations. Jason Moser of Stream Realty Partners represented the undisclosed landlord.

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IndianaLoansMichiganMidwestMultifamilyOhio

Merchants Capital Completes $214M Multifamily Mortgage Securitization

by Kristin Harlow

CARMEL, IND. — Merchants Capital has completed a $214 million CMBS securitization of 14 multifamily mortgage loans. The loans are secured by 24 mortgaged properties through a Freddie Mac-sponsored Q-series transaction. Freddie Mac securitizes multifamily loans via its Q Certificate structure. In this process, a lender sells its loans, after approval by Freddie Mac, to a third-party depositor who places them into a third-party trust, which issues private-label securities backed by the loans. The $214 million in loans covered 14 multifamily properties in Georgia, Indiana, Michigan, New York and Ohio. The developments range in size from 60 to 352 units and the large majority of units are restricted for residents who earn up to 80 percent of the area median income. Merchants Capital is based in Carmel, Ind.

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AcquisitionsIndianaMidwestRetail

JLL Brokers $18.5M Sale of Shopping Center in Suburban Indianapolis

by Kristin Harlow

CRAWFORDSVILLE, IND. — JLL Capital Markets has brokered the $18.5 million sale of Crawfordsville Square, a 273,249-square-foot shopping center in the Indianapolis suburb of Crawfordsville. Kroger is the anchor tenant at the property, which is 95 percent leased. Other tenants include Dunham’s Sports, Burke’s Outlet, H&R Block, Shoe Sensation, Pet Supplies Plus and Burger King. Amy Sands, Clinton Mitchell and Michael Nieder of JLL represented the seller, Lamar Cos. Essential Growth Properties acquired the asset.

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Affordable HousingDevelopmentIndianaMidwestMultifamilySeniors Housing

Evergreen Real Estate Group Breaks Ground on 120-Unit Assisted Living Community in Indiana

by Kristin Harlow

VALPARAISO, IND. — Chicago-based Evergreen Real Estate Group has broken ground on Green Oaks of Valparaiso, a 120-unit assisted living community for low-income seniors in Valparaiso, a city in northwest Indiana. The $30 million, three-story project is slated for completion in April 2023. All of the units will be reserved for seniors age 62 or older with incomes at or below 60 percent of the area median income. Gardant Management Solutions will manage the community. Amenities will include a community room, media room, fitness center, salon, library, community garden and outdoor pool. The dining room will serve residents three meals per day as well as a rotating assortment of snacks. The Indiana Housing and Community Development Authority authorized 4 percent low-income housing tax credits (LIHTC) in support of the project. Additionally, the City of Valparaiso issued tax-exempt bonds, which were sold by PiperSandler and provided debt financing. PNC Bank also invested in the project, providing LIHTC equity.

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AcquisitionsMidwestOfficeOhio

Marcus & Millichap Arranges $4.2M Sale of Office Building in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Marcus & Millichap has arranged the sale of an 82,428-square-foot office building in Columbus for $4.2 million. Located at 6161 Busch Blvd., the property was 36 percent vacant at the time of sale. The undisclosed buyer plans to extensively renovate the building. Nathan Pealer of Marcus & Millichap represented the seller, a limited liability company.

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DevelopmentIllinoisIndustrialMidwest

Principle Construction to Build 39,000 SF Spec Warehouse in Alsip, Illinois

by Kristin Harlow

ALSIP, ILL. — Logistics company Alsip Terminals has selected Principle Construction Corp. to build a 39,000-square-foot speculative warehouse in Alsip. Construction is expected to begin soon on the property, which will be located at 3600 W. 127th St. The project will feature a clear height of 26 feet, 32 dock doors, six drive-in doors, 111 trailer parking spaces and 40 car parking stalls. The property will be surrounded by a 6-foot-high security fence. Harris Architects is the architect. Chris Mergethaler and Rick Daly of Darwin Realty/CORFAC International will market the project for lease. Completion is slated for December.

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