AUSTIN, TEXAS — Woodside Health, a private equity healthcare real estate firm based in Cleveland, has acquired Twelve Oaks Professional Center, a medical office complex in northwest Austin. The property consists of five buildings totaling 42,500 square feet on a five-acre site. Woodside purchased Twelve Oaks Professional Center with global investment management firm Heitman. The seller and sales price were not disclosed.
WESTLAKE, TEXAS — M1 Support Services has signed a 26,000-square-foot office lease in Westlake, a northern suburb of Fort Worth. The national defense contractor and aerospace company is relocating from Denton to the second floor of the 123,862-square-foot Building 5 at Terraces at Solana, a 1.1 million-square-foot complex. A partnership between two Chicago-based firms Glenstar and Singerman Real Estate, owns Terraces at Solana.
COLUMBUS, GA. — JS Link America, a wholly owned U.S. subsidiary of the Korean biotechnology company JS Link, will invest $223 million for the construction of a new permanent magnet manufacturing facility in Columbus. Permanent magnets are materials that create their own persistent magnetic field and aren’t dependent on external power sources to attract or repel other magnetic materials. Permanent magnets are often used in wind turbines, elevators, home appliances, data centers, consumer electronics, Urban Air Mobility (UAM), defense systems and within the medical and automobile industries. Situated within Muscogee Technology Park, the facility is expected to create more than 520 engineering, production, construction, administrative and management jobs. Operations for the 130,000-square-foot facility are expected to begin in late 2027 with an annual production capacity of 3,000 tons. Jacob Lee, in partnership with the Development Authority of Columbus, Georgia Quick Start and Georgia Power, internally represented the Georgia Department of Economic Development (GDEcD) Global Commerce team in the JS Link America deal. JS Link is also nearing completion on a similar permanent magnet facility in Yesan, Korea, with an anticipated pilot production run this month and an annual capacity of 1,000 tons.
ATLANTA — CIM Group and Centennial Yards Co. have unveiled The Mitchell, a 304-unit residential tower within the $5 billion Centennial Yards mixed-use development underway in downtown Atlanta. The 19-story luxury apartment building comprises apartments ranging from studio to three-bedroom floorplans. Select units offer walk-in closets, balconies and floor-to-ceiling windows with panoramic views. Rental rates for a 512-square-foot studio apartment begin at $1,450, according to Apartments.com. Amenities at The Mitchell include a community pool, fitness center, coworking space with office suites, multiple outdoor gathering areas and indoor event spaces with a catering kitchen, as well as a dedicated pet area with a pet spa and 16,000 square feet of ground-floor retail and restaurant space. Khao Thai Isan, a Thai tapas concept introduced by 26 Thai, will occupy 4,730 square feet. Additional retail and dining operators will be announced in the coming months. The Mitchell will join The Lofts at Centennial Yards South, which features 162 units located above the Georgia-based brewery Wild Leap. Meanwhile, the 292-room Hotel Phoenix is scheduled for completion later this year, and Cosm’s immersive sporting experience is planned for 2026. A 5,300-seat Live Nation venue was also announced earlier this year, with an anticipated opening in 2027. …
MIAMI — Northwind Group has provided a $98 million senior loan for the acquisition and redevelopment of 1250 West Ave., an existing 238-room condominium building located in Miami Beach. Terra is leading the project in partnership with JDS Development Group, Rafi Gibly and Gianluca Vacchi, which acquired more than 95 percent of the units at the property. The group plans to transform the property into a luxury condominium tower on Biscayne Bay, with new entitlements permitting development up to 330 feet in height, with an anticipated 100-unit residential program. Northwind Group originated the loan through its Northwind debt investment fund III. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Diaz and Sean Bastian of Walker & Dunlop arranged the financing on behalf of the borrower.
RICHMOND HILL, GA. — ECI Group has broken ground on The Avery Richmond Hill, a $60 million mixed-use development located in Richmond Hill, approximately 15miles south of Savannah. ECI Construction is the general contractor, and Synovus Bank and CIBC are providing construction financing for the project. A timeline for completion for the overall development was not released, but the retail pad sites are scheduled for delivery in the first quarter of 2026. Ashley Smith and Tyler Mouchet of Colliers | Savannah will market the 3.5 acres of retail space for ground lease tenants. The Avery Richmond Hill will also include 291 residential units comprising 243 one-, two- and three-bedroom floorplans, along with 48 three-bedroom townhomes that feature two-car garages. A mix of amenities will be available for residents such as an 8,400-square-foot clubhouse, fitness center, coworking spaces, automated package facilities, two courtyards, swimming pool and a dog park.
NEW YORK CITY — Douglaston Development is nearing completion of a $320 million multifamily project at 1057 Atlantic Ave. in the Bedford-Stuyvesant neighborhood of Brooklyn. The 17-story building will have 456 units, 138 units of which will be reserved as affordable housing, as well as 31,000 square feet of retail space. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, lounge, golf simulator, game room, screening room, children’s playroom and a landscaped rooftop deck. Construction topped out last February. Leasing will begin in the coming weeks.
BUCKS COUNTY, PA. — Affinius Capital has provided a $132.4 million loan for the refinancing of an 815,000-square-foot industrial property located northeast of Philadelphia in Bucks County. Known as Lower Bucks Logistics Hub, the newly constructed facility comprises two buildings — a 361,000-square-foot rear-load structure and a 453,000-square-foot cross-dock structure — with clear heights of 40 feet. Chad Orcutt and Michael Pagniucci of JLL arranged the loan through Affinius Capital on behalf of the borrower, a joint venture between an affiliate of Boston-based Foxfield, and an undisclosed, New York-based real estate private equity firm.
CHELMSFORD, MASS. — Newmark has brokered the $11.5 million sale of 1 Executive Drive, a 112,440-square-foot life sciences building located northwest of Boston in Chelmsford. The building was 87 percent leased at the time of sale, with AMETEK affiliate Spectro Scientific and semiconductor manufacturer Qorvo serving as the anchor tenants. Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, Boston-based Foxfield, in the transaction and procured the buyer, Rhino Capital Advisors. David Douvadjian Sr., Timothy O’Donnell, David Douvadjian Jr., Bobby Alvarado and Conor Reenstierna, also with Newmark, arranged acquisition financing on behalf of the buyer.
NEW YORK CITY — A partnership between William Macklowe Co. and GreenBarn Investment Group has begun leasing Paseo on Fifth, an 131-unit multifamily project located in the Park Slope area of Brooklyn. Designed by SLCE Architects with interiors by Durukan Design, the property offers studio, one- and two-bedroom units and amenities such as a fitness center, children’s playroom, social suite and a rooftop lounge. Rents start at approximately $3,100 per month for a studio apartment.