TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Veranda, a 200-unit apartment complex in Texas City, a southeastern suburb of Houston. Veranda offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops and individual washers and dryers. Amenities include a pool, fitness center, clubhouse, basketball court and a movie theater. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed. Veranda was 95 percent occupied at the time of sale.
NORTH RICHLAND HILLS, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of a 124,380-square-foot industrial building in North Richland Hills, a northeastern suburb of Fort Worth. The building was developed in 1981 on an 11-acre site at 6550 Wuliger Way and includes 12,500 square feet of office space. Luke Clardy of Bradford represented the buyer and future occupant, Sunair Products, a wholesale distributor of air conditioning components, in the transaction. Will Carney and Brad Balke of KBC Advisors represented the undisclosed seller.
EULESS, TEXAS — A partnership between California-based investment firm Birtcher Anderson & Davis and Baltimore-based ABR Capital Partners has purchased a 50,112-square-foot industrial park in Euless, located near DFW International Airport. The property is known as Airport Circle Business Park and offers 14 suites. Rich Young Jr. of Rich Young Co. represented the undisclosed seller in the transaction.
FLORIDA, N.Y. — Amazon has purchased a 143-acre industrial development site in Florida, located about 65 miles northwest of New York City near the New York-New Jersey border. The fully entitled site is located along State Highway 5 and has all major utilities already in place. Amazon did not announce specific development plans for the site, but the facility will be known as Mohawk Valley Industrial Center. Jim Panczykowski of JLL led a team that marketed the site on behalf of the seller, regional investment and development firm Winstanley Enterprises.
MORRISVILLE, PA. — Cushman & Wakefield has negotiated a 973,200-square-foot industrial lease in Morrisville, located near Trenton along the New Jersey-Pennsylvania border. The tenant is an undisclosed provider of warehouse services. The deal is for the entirety of the building located at 2300 S. Pennsylvania Ave., which is known as South Penn Logistics Center and features a clear height of 40 feet. John Gartland, Kevin Hagenberg and Chris Butera of Cushman & Wakefield represented the landlord, Chicago-based Logistics Property Co., in the lease negotiations. Kevin Dudley of CBRE represented the tenant.
NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan. The project will redevelop the historic, 21-story office building at 2 Wall St. into a 211-unit apartment complex. Jack Phillips of Largo Capital structured the debt. The direct lender was not disclosed. The borrower was also not disclosed, but the building is listed on the website of local landlord George Comfort & Sons.
ATLANTA — Alliance Residential has acquired nearly 3.7 acres in Atlanta’s Vinings/Smyrna submarket near The Battery Atlanta, the mixed-use village surrounding Truist Park, home of the Atlanta Braves. The Arizona-based developer is planning to develop Broadstone Lola, a 300-unit luxury apartment community, on the site. Designed by locally based Brock Hudgins Architects, Broadstone Lola will offer one- and two-bedroom floorplans ranging in size from 600 to 1,100 square feet. Along with a Parisian-inspired aesthetic, Broadstone Lola will feature amenities such as a resort-style saltwater swimming pool with a landscaped deck with grills, a grab-and-go market, fitness center, gaming lounge, clubroom with an indoor fireplace, private work spaces, conference room, pet spa and a secured parking garage with electric vehicle charging stations and dedicated bike storage. Alliance Residential expects to begin welcoming residents to Broadstone Lola in the summer of 2027.
CHARLOTTE, N.C. — Riverside Investment & Development and Woodfield Development have opened Vivian at Queensbridge Collective, a 42-story apartment tower in Charlotte. Goettsch Partners served as the architect for the project. Situated within the larger Queensbridge Collective mixed-use development, the 409-unit apartment tower offers studio, one-, two- and three-bedroom floorplans ranging in size from 558 to 2,180 square feet. Amenities at the complex are distributed across multiple levels of the building, including a ninth-floor fitness center with indoor/outdoor elements, a 10th floor resident lounge featuring bowling and virtual golf and a 42nd-floor rooftop pool deck with grilling stations and skyline views. Riverside and Woodfield began leasing Vivian in late 2025 and welcomed its first residents this month. Monthly rental rates range from $1,792 to $16,744, according to Apartments.com. This fall, Guard and Grace, the Michelin-recommended steakhouse led by chef Troy Guard, is scheduled to open on the 10th floor of Vivian. The 10,224-square-foot restaurant will include a 2,000-square-foot outdoor terrace, private dining areas and direct connections to both the public and residential components of the development. Additionally, the apartment building will be joined by a 43-story mixed-use office and residential tower under construction at 1111 S. Tyron St. that will comprise 20,000 square …
CHICAGO — Mid-America Real Estate Corp. has brokered the sale of 3030 North Broadway, a Mariano’s-anchored retail property serving Chicago’s Lakeview and Lincoln Park neighborhoods. Additional tenants at the five-story, 131,748-square-foot asset include Club Studio, PNC, Starbucks and Fresh Dental. Ben Wineman and Joe Girardi of Mid-America represented the seller, SITE Centers. The buyer was L3 Capital.
NEW YORK CITY — Purple has signed a 24,000-square-foot office lease in Manhattan’s NoMad district. The global communications firm is relocating from 322 Eighth Avenue to the entire fourth floor of 16 Madison Square West, a 12-story building that was originally constructed in 1914. Jeff Buslik and Ben Levy represented the landlord, Adams & Co., in the lease negotiations on an internal basis. Simon Landmann, Harrison Potter and Graham Jameson of JLL represented Purple.