Thursday, May 14, 2026
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DevelopmentMixed-UseRestaurantRetailSoutheastTennessee

Southwest Value Partners, AEG to Open EVO Entertainment Venue at Nashville Yards

by John Nelson

NASHVILLE, TENN. — Southwest Value Partners and AEG have executed an agreement with EVO Entertainment Group to open a new entertainment venue within Nashville Yards, an 18-acre mixed-use development in downtown Nashville. The destination, which represents the first Tennessee EVO location, will span 48,000 square feet within a 420,000-square-foot office building at Nashville Yards. Gary Shanks and Miller Fitts of JLL represented Austin-based EVO in the lease transaction. Slated to open in 2024, plans for EVO Entertainment Nashville Yards include a 12-screen dine-in cinema, eight lanes of bowling, kitchen and bar and private event spaces, as well as gaming and attractions, gravity ropes and virtual reality experiences. Other uses at Nashville Yards include an upcoming live music venue operated by AEG with a capacity for 4,500 guests; Amazon’s regional office towers; a multi-tenant office tower that will house headquarters for Pinnacle Financial Partners and Bass, Berry & Sims; shops and restaurants; seven acres of open plazas, courtyards and green space; and two hotels: the 591-room Grand Hyatt Nashville and the newly renovated Union Station Nashville Yards hotel.

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FloridaLoansMultifamilyNorthmarqSoutheast

Northmarq Arranges $56M Loan for Fountainhead Apartments Under Construction in Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Northmarq has arranged a $56 million loan for Fountainhead, a 360-unit apartment community located at 7237 Corklan Drive in Jacksonville. The unnamed borrower will use the 10-year, fixed-rate loan to refinance a construction loan for the community, which is currently under construction and in lease-up. Ryan Whitaker of Northmarq arranged the interest-only loan through an unnamed life insurance company. Upon completion, amenities at Fountainhead will include a business center, clubhouse, lounge, 24-hour fitness center, resort-style swimming pool, playground, car care center, EV charging stations, fire pit, dog agility park, sundeck, grill, picnic area and onsite garages.

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AcquisitionsLouisianaRetailSoutheast

Faris Lee, SRSA Broker $31.4M Sale of Single-Tenant New Orleans Store Net Leased to Whole Foods

by John Nelson

NEW ORLEANS — Faris Lee Investments and SRSA Commercial Real Estate have brokered the $31.4 million sale of a single-tenant net-lease Whole Foods Market located at 5600 Magazine St. in New Orleans. The store, which is one of two Whole Foods in the city, is situated near Tulane University and was originally a street car barn constructed in 1893. Faris Lee’s Scott DeYoung and Jeff Conover, along with SRSA’s Steve Reisig, Chris Robertson and Kirsten Early, represented the undisclosed seller in the transaction. Jason Maier with Stan Johnson Co. represented the buyer, an unnamed East Coast investor that purchased the store in a 1031 exchange. Whole Foods recently executed a 15-year lease extension at the property, according to Faris Lee.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 1,326-Unit Self-Storage Facility in Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has brokered the sale of Prime Storage, a 1,326-unit self-storage facility in Houston. The facility, which spans 189,088 net rentable square feet, was originally built on 10 acres in 2000 and expanded by 29,000 square feet in 2017. Dave Knobler and Charles LeClaire of Marcus & Millichap represented the seller, a locally based partnership, in the transaction. The buyer was a publicly traded REIT. Both parties requested anonymity.

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DevelopmentLoansMultifamilySeniors HousingTexas

JLL Arranges $61M Construction Loan for Seniors Housing Project in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — JLL has arranged a $61 million construction loan for The Preserve at Spring Creek, a 230-unit seniors housing project that will be located in the northeastern Dallas suburb of Garland. The country club-style facility will be situated on 35.5 acres and will offer assisted living, independent living and memory care services. Amenities will include a clubhouse, theater/chapel, salon, bistro, arts and craft room, billiards room, fitness centers and multiple dining venues and gathering spaces. Alanna Ellis and Allison Holland of JLL arranged the financing through a regional bank on behalf of the borrower, a joint venture between JAMP Enterprises LLC and Frontier Management LLC. The floating-rate loan carried a 15-year term with five-years of interest-only payments and a 75 percent loan-to-cost ratio. A construction timeline was not disclosed.

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Atlantica-at-Alamo-San-Antonio
DevelopmentMultifamilyTexas

Sovereign, Invest Capital Break Ground on 375-Unit Multifamily Project in San Antonio

by Taylor Williams

SAN ANTONIO — A partnership between New York City-based Sovereign Properties and Florida-based Invest Capital Group has broken ground on Atlantica at Alamo, a 375-unit multifamily project that will be located at 5415 Alamo Parkway on San Antonio’s west side. Designed by Womack + Hampton Architects, the garden-style community will consist of eight four-story buildings. Residences will come in one-, two- and three-bedroom formats, and amenities will include a pool, fitness center, courtyard, pickleball court and a dog park. Cadence McShane is the general contractor for the project. Completion is slated for late 2024.

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AcquisitionsMultifamilyTexas

TMG Negotiates Sale of Two Multifamily Properties Totaling 180 Units in Temple, Texas

by Taylor Williams

TEMPLE, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of Plantation Square and Holly Oaks, two properties totaling 180 units in the Central Texas city of Temple. Plantation Square was built in 1979 and totals 58 units, all of which are age-restricted, in one-, two- and three-bedroom formats. Holly Oaks was constructed in 1965 and consists of 122 units, some of which are age-restricted, with the same floor plans as Plantation Square. Danny Weiland of TMG represented the seller in the transaction, and Job Krebbs of TMG procured the buyer. Both parties requested anonymity.

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IndustrialLeasing ActivityTexas

VeriTrust Corp. Signs 40,800 SF Industrial Lease in San Antonio

by Taylor Williams

SAN ANTONIO — VeriTrust Corp., a provider of document management services, has signed a 40,800-square-foot industrial lease at 5410 Dietrich Road in San Antonio. According to LoopNet Inc., the space totals 112,500 square feet and was built within Cornerstone Industrial Park in 2015. Chris Kugle, Carlos Marquez and Caleb Horton of Partners represented the landlord, an entity doing business as 5410 Dietrich Road LLC, in the lease negotiations. The representative of the tenant was not disclosed.

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AcquisitionsDevelopmentIndustrialNortheastPennsylvania

JLL Arranges Sale of 85-Acre Industrial Development Site in Mount Pocono, Pennsylvania

by Taylor Williams

MOUNT POCONO, PA. — JLL has arranged the sale of an 85-acre industrial development site in Mount Pocono, located in the northeastern part of the state. The buyer, Newland Capital Group, will construct a 1.2 million-square-foot warehouse and distribution center at the site and has already secured an undisclosed tenant for a full-building lease. Completion of the facility, which will feature four drive-in doors and parking for 359 trailers and 426 cars, is scheduled for the first quarter of 2024. Jeff Lockard, Ryan Barros and Kevin Lammers of JLL represented Newland Capital in the land deal. The trio also worked with Casey Mungo of DAUM Commercial to arrange the sale and negotiate the lease. Steve Cooper, also with JLL, represented the land seller.

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AcquisitionsConnecticutNortheastOffice

CBRE Brokers $21.1M Sale of Office Building in Darien, Connecticut

by Taylor Williams

DARIEN, CONN. — CBRE has brokered the $21.1 million sale of a 70,928-square-foot office building located at 9 Old Kings Highway S. in the southern coastal Connecticut city of Darien. The transit-served property is located in the city’s downtown area and was 84 percent leased at the time of sale. Jeffrey Dunne, Steve Bardsley, David Gavin, Jeremy Neuer and Travis Langer of CBRE represented the seller, Hall Investments, in the transaction. The buyer was not disclosed.

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