Property Type

IPA Brokers Sale of 300-Unit Livano Canyon Falls Apartments in Northlake, Texas

by Taylor Williams February 18, 2025

NORTHLAKE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Livano Canyon Falls, a 300-unit apartment community located north of Fort Worth in Northlake. Livano Canyon Falls is a three-story, garden-style complex that offers one-, two- and three-bedroom units with an average size of 1,015 square feet. Amenities include a pool, private workspaces and fishing ponds. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill and Shelby Clark of IPA represented the undisclosed seller in the transaction and procured the buyer, an affiliate of Harbor Group International. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Tyler Johnson of IPA Capital Markets arranged an undisclosed amount of acquisition financing for the deal.

February 18, 2025

Acquisitions Multifamily North Carolina Southeast

Crescent Communities Sells 285-Unit Novel Ballantyne Apartments in South Charlotte

by John Nelson February 18, 2025

CHARLOTTE, N.C. — Crescent Communities has sold its interest at Novel Ballantyne, a 285-unit upscale apartment community located at 14011 Bespoke Road in south Charlotte’s Ballantyne district. The buyer and sales price were not disclosed, but Charlotte Business Journal reports that Crescent Communities netted roughly $95 million in the sale. The Class A property is a component of a master-planned residential community that includes an active adult property (The Balmore at Ballantyne by Laurel Street) and an upcoming townhome community. Built in 2023, Novel Ballantyne features a mix of studio, one- and two-bedroom apartments, as well as an amenity package that includes a resort-style saltwater pool area, fitness center, dog park, coworking library and an outdoor lawn with a putting green. The design-build team for Novel Ballantyne included Cooper Carry (architect), Ellinwood + Machado (structural engineer), IMEG Corp. (MEP engineer), LandDesign (landscape architect and civil engineer) and Vignette (interior designer).

February 18, 2025

Acquisitions Florida Industrial Southeast

CBRE Arranges $20M Sale of Chancellor Square Industrial Complex in Orlando

by John Nelson February 18, 2025

ORLANDO, FLA. — CBRE has arranged the $20 million sale of Chancellor Square, an industrial complex spanning 142,069 square feet in Orlando. Boca Raton, Fla.-based Basis Industrial purchased the property from Miami-based B Group Capital Management. Ronald Rogg of CBRE represented the seller in the transaction, along with Sebastian Barbagallo and Franco Barbagallo of B Group Capital. Anthony Scavo and Ahmad Elayyan represented Basis Industrial internally. Situated on 23 acres in Orlando’s Central Park area, Chancellor Square comprises three single-story freestanding buildings that feature light industrial, flex and showroom space. The property was fully leased at the time of sale to government and publicly traded companies, according to CBRE.

February 18, 2025

Acquisitions Industrial Kentucky Southeast

Brennan Acquires 100,000 SF Industrial Facility Near CVG Airport in Hebron, Kentucky

by John Nelson February 18, 2025

HEBRON, KY. — Brennan Investment Group has purchased a 100,000-square-foot industrial facility located at 1102 Aviation Blvd. near the Cincinnati & Northern Kentucky International Airport (CVG) in Hebron. The property is located on 18 acres off I-275 near Amazon Prime Air Hub. The seller and sales price were not disclosed, though Brennan says it purchased the infill facility at below replacement cost. The Chicago-based investment firm plans to renovate and update the facility over the course of its ownership.

February 18, 2025

Development Florida Retail Southeast

Whole Foods Opens 35,000 SF Grocery Store in Boca Raton, Florida

by John Nelson February 18, 2025

BOCA RATON, FLA. — Whole Foods Market has opened a new 35,000-square-foot grocery store at 9560 Glades Road in Boca Raton. The new store, which carries more than 700 items sourced from Florida, is one of the several anchors at the Uptown Boca development on the city’s west side. Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital broke ground on the $200 million mixed-use development in 2018. Other elements at Uptown Boca include REI, Sephora, Life Time Fitness and 456 apartments, among other components.

February 18, 2025

Acquisitions North Carolina Self-Storage Southeast

Andover Properties Buys 500-Unit Self-Storage Facility in Rockingham, North Carolina

by John Nelson February 18, 2025

ROCKINGHAM, N.C. — New York-based Andover Properties has purchased a self-storage facility located at 102 W. Greene St. in Rockingham, about 70 miles southeast of Charlotte. Renovated in 2022, the property comprises nearly 500 climate-controlled units and spans 63,000 square feet. The facility represents the 15th North Carolina facility for Andover’s Storage King USA brand. The property features three loading docks, multiple levels of storage units, keypad-controlled entry and 24/7 video surveillance. The seller and sales price were not disclosed.

February 18, 2025

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Healthcare Loans Texas

Cushman & Wakefield Arranges Financing for 110,636 SF Healthcare Portfolio in Metro Houston

by Taylor Williams February 18, 2025

HOUSTON — Cushman & Wakefield has arranged an undisclosed amount of financing for a portfolio of three healthcare assets totaling 110,636 square feet in the Houston area. The portfolio comprises medical office buildings that were built between 2015 and 2017 and were fully leased to regional provider Memorial Hermann Health System at the time of the loan closing. Buildings range in size from 30,523 to 47,859 square feet and are located in League City, Spring and Katy. The financing represents a senior loan provided by a syndicate of lenders that includes Siemens and First Horizon Bank. Tyler Morss and Gideon Gil of Cushman & Wakefield arranged the financing on behalf of the owner, a partnership between Big Sky Medical and GFH Partners.

February 18, 2025

Acquisitions Office Texas

Worth Commercial Buys 31,000 SF Historic Office Building in Fort Worth

by Taylor Williams February 18, 2025

FORT WORTH, TEXAS — Worth Commercial Real Estate has purchased Magnolia Centre, a 31,000-square-foot historic office building located in Fort Worth’s Near Southside District. According to LoopNet Inc., the six-story building was originally constructed in 1926 and renovated in 1990. Worth Commercial plans to occupy space on the building’s fourth floor for its new headquarters and to lease the remainder. The seller and sales price were not disclosed.

February 18, 2025

Leasing Activity Office Texas

Holt Lunsford Negotiates 29,571 SF Office Lease Renewal in Fort Worth

by Taylor Williams February 18, 2025

FORT WORTH, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 29,571-square-foot office lease renewal in Fort Worth. The space is located within Overton Centre, a two-building, 417,465-square-foot development on the city’s southwest side. Jake Neal and Matt Carthey of Holt Lunsford represented the landlord, an entity doing business as FLDR/TLC Overton Centre LP, in the lease negotiations. Jim Smith of Cushman & Wakefield represented the tenant, HCA Information Technology & Services.

February 18, 2025

Acquisitions California Retail Western

CBL Properties Sells Imperial Valley Mall in El Centro, California for $38.1M

by Amy Works February 18, 2025

EL CENTRO, CALIF. — CBL Properties has completed the all-cash, $38.1 million disposition of Imperial Valley Mall in El Centro. The property served as collateral under CBL’s nonrecourse term loan. Net proceeds from the sale were applied to the term loan principal balance, which after closing was reduced to $680.3 million. The name of the buyer was not disclosed.

February 18, 2025

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