Friday, June 27, 2025
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AcquisitionsMultifamilySouth CarolinaSoutheast

JLL Negotiates $45.4M Sale of Water Tower Apartments in Greenville, South Carolina

by John Nelson

GREENVILLE, S.C. — JLL has negotiated the $45.4 million sale of Water Tower Apartments, a luxury multifamily community located at 1000 Water Tower Circle in Greenville. Built in 2024, the 233-unit property is situated with direct access to the 28-mile Swamp Rabbit Trail. Hathaway Cos. purchased Water Tower Apartments from Urban Realty Partners. John Gavigan, John Mikels and Chase Monroe of JLL represented the seller in the transaction. Additionally, Brad Woolard and Taylor Allison of JLL arranged an undisclosed amount of acquisition financing for the buyer. Water Tower Apartments features a mix of studio, one-, two- and three-bedroom residences averaging 741 square feet in size. The property was 10 percent occupied at the time of sale as the previous owner received its certificate of occupancy (CO) in December 2024.

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AcquisitionsFloridaIndustrialLeasing ActivitySoutheast

Digiacomo Group, JLL Arrange $25.8M Sale-Leaseback of Cold Storage Facility Near Miami Airport

by John Nelson

MIAMI — Digiacomo Group and JLL have negotiated the $25.8 million sale-leaseback of a cold storage facility located at 2323 N.W. 72nd Ave. in Miami. The seller, produce distributor Sun Belle LLC, will lease back the 82,261-square-foot property from the new owner, locally based Iconic Equities LLC, which specializes in industrial outdoor storage (IOS) and traditional industrial development. Built in 1978 and renovated in 2019, the cold storage facility sits on a 3.3-acre lot near Milam Dairy Road on the outskirts of the Miami International Airport campus. The property features 30.5-foot clear heights in the warehouse space, 24-foot clear heights in the cooler space, 11 dock-high doors and one grade-level door. Roger Zuniga of Digiacomo Group, along with Cody Brais, Luis Castillo and Taylor Osborne of JLL, represented Sun Belle in the sale-leaseback transaction. Additionally, Christopher Drew, Michael DiCosimo and Jovi Rodriguez of JLL arranged an undisclosed amount of acquisition financing for Iconic Equities.

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AcquisitionsKentuckyMultifamilySoutheast

Kirkland Brokers Sale of 84-Unit Crown Pointe Apartments in Georgetown, Kentucky

by John Nelson

GEORGETOWN, KY. — The Kirkland Co. has brokered the sale of Crown Pointe, an 84-unit apartment community located at 1100 W. Main St. in Georgetown, about 15 miles north of Lexington, Ky. Brandon Wilson, Brian Devlin and John Seale of Kirkland brokered the transaction. The seller, buyer and sales price were not disclosed. Built in 1994, Crown Pointe features two-bedroom apartments averaging 1,035 in size, with units recently renovated with updated flooring, kitchen backsplashes, appliances, painted cabinets, washer/dryer connections and bathroom vanities.

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AcquisitionsDevelopmentOfficeSelf-StorageSoutheastVirginia

Cresa Secures Sale of 30,000 SF Vacant Office Building in Arlington, Virginia

by John Nelson

ARLINGTON, VA. — Cresa has secured the sale of the Portsmouth Building, a vacant 30,000-square-foot office building located at 3138 10th St. N in Arlington. BRB Development Group paid approximately $200 per square foot for the property, with plans to demolish the building to make way for a new self-storage development. Gene Sachs, Jonathan Harms and Natalie Gosnell of Cresa represented the seller, America’s Credit Unions (ACU), in the transaction. ACU is a merger of the Credit Union National Association (CUNA) with National Association of Federally-Insured Credit Unions (NAFCU). ACU consolidated the two companies into new office space at 99 M St. SE in the metro’s Navy Yard submarket.

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AcquisitionsIndustrialTexas

James Campbell Co. Acquires 663,882 SF Industrial Park in Northwest Houston

by Taylor Williams

HOUSTON — The James Campbell Co., a Hawaii-based investment firm, has acquired Beltway Crossing Northwest, a 663,882-square-foot industrial park in northwest Houston. The development comprises three buildings that were fully leased at the time of sale, as well as a 7.4-acre parcel that can support about 150,000 square feet of additional development. Buildings range in size from 67,200 to 441,000 square feet and feature 24- to 32-foot clear heights. The seller and sales price were not disclosed.

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Vidal-Cantu-Industrial-Center-Laredo
DevelopmentIndustrialTexas

Axis, Menlo Equities Break Ground on 213,781 SF Industrial Project in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A partnership between industrial investment firm Axis and Silicon Valley-based Menlo Equities has broken ground on a 213,781-square-foot project in the Rio Grande Valley city of Laredo. The building will feature 32-foot clear heights, 87 dock-high doors, two drive-in ramps, 130-foot truck court depths and 354 truck trailer stalls. The site also houses 12 acres of undeveloped land for additional trailer parking or outdoor storage. Lee & Associates is leasing the project, which is slated for a third-quarter completion.

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800-E.-Sonterra-Blvd.-San-Antonio
AcquisitionsOfficeTexas

Worth & Associates Buys 99,263 SF Office Building in North San Antonio

by Taylor Williams

SAN ANTONIO — Locally based brokerage and investment firm Worth & Associates has purchased a 99,263-square-foot office building in San Antonio. The four-story building at 800 E. Sonterra Blvd. is located on the city’s north side and was originally constructed in 1999, according to LoopNet Inc. Steve Thomas, Alyse Sellers and Zander Thomas of Stream Realty Partners represented the seller, Energy Transfer, in the transaction. Shawn Gulley and Lukin King represented Worth & Associates on an internal basis.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 93,578 SF Office Building in West Houston

by Taylor Williams

HOUSTON — JLL has brokered the sale of Timberway One, a 93,578-square-foot office building located in the Energy Corridor area of West Houston. The three-story building was 92 percent leased at the time of sale to tenants elevator manufacturer thyssenkrupp, 2H Offshore and Medical Care Center. Marty Hogan led the JLL team that represented the seller, Miami-based Banyan Street Capital, in the transaction. The buyer was locally based investment firm LM & Associates.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 14,812 SF Retail Strip Center in Midlothian, Texas

by Taylor Williams

MIDLOTHIAN, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Shops on 663, a 14,812-square-foot retail strip center in Midlothian, a southern suburb of Dallas. The name stems from the site’s location on FM 663, and the fully leased center is home to tenants such as Sport Clips and Anytime Fitness. Jack Hicks and Hudson Lambert of STRIVE represented the seller, an Austin-based developer, in the transaction and procured the buyer, a California-based investor. Both parties requested anonymity.

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Cooper-University-Health-Care-Camden-New-Jersey
DevelopmentHealthcareNew JerseyNortheast

Cooper University Health Care Breaks Ground on 335,000 SF Facility in Camden, New Jersey

by Taylor Williams

CAMDEN, N.J. — Cooper University Health Care has broken ground on a 335,000-square-foot facility in Camden, located outside of Philadelphia in Southern New Jersey. The 10-story patient tower will feature 125 private rooms, additional operating rooms and research/education areas. In addition, the building will connect to several of the healthcare provider’s existing facilities, including the MD Anderson Cancer Center, via a new pedestrian bridge. HKS Architects and Array Architects designed the facility, and the engineering team includes O’Donnell & Naccarato, Langan, BR+A Consulting Engineers and Highland Associates. Completion of the project, which is part of a larger $3 billion expansion to the provider’s Camden footprint, is slated for 2028.

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