Property Type

TruAmerica Multifamily Buys Estates at Canyon Ridge in San Antonio for $46.7M

by Taylor Williams October 6, 2021

SAN ANTONIO — Los Angeles-based TruAmerica Multifamily has purchased Estates at Canyon Ridge, a 270-unit apartment community located within San Antonio’s Stone Oak master-planned development. The sales price was $46.7 million. The property was built in 2007 and features one-, two- and three-bedroom units with an average size of roughly 1,200 square feet. Amenities include a pool, fitness center and a cybercafé. Ryan Epstein, Matt Pohl and Forrest Bass of Walker & Dunlop represented the undisclosed seller in the transaction. Russell Dey, Trevor Fase and Justin Nelson, also with Walker & Dunlop, arranged acquisition financing on behalf of TruAmerica Multifamily.

October 6, 2021

Acquisitions Retail Texas

NewQuest Properties Acquires 116,404 SF Shopping Center in San Antonio

by Taylor Williams October 6, 2021

SAN ANTONIO — Houston-based NewQuest Properties has acquired a 116,404-square-foot shopping center located at 6001 NW Loop 410 in northwest San Antonio. Built on 12.7 acres in 1994, HQ Shopping Center was fully leased at the time of sale to tenants such as Best Buy, Ross Dress for Less, Bed Bath & Beyond and Petco. CBRE represented the undisclosed seller in the transaction.

October 6, 2021

Acquisitions Multifamily Texas

Greystone Arranges Sale of 136-Unit Multifamily Property in Metro Dallas

by Taylor Williams October 6, 2021

FARMERS BRANCH, TEXAS — Greystone has arranged the sale of Riverside Park, a 136-unit multifamily property located in the northern Dallas suburb of Farmers Branch. The property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, clubhouse, business center and walking trails. A local family office sold the asset to Dallas-based investment firm SPI Advisory for an undisclosed price. Zach Thomas and Mark Allen of Greystone brokered the deal.

October 6, 2021

Acquisitions Multifamily Northmarq Texas

NorthMarq Brokers Sale of 120-Unit Apartment Complex in Waxahachie, Texas

by Taylor Williams October 6, 2021

WAXAHACHIE, TEXAS — NorthMarq has brokered the sale of Solon Place Apartments, a 120-unit complex in Waxahachie, a southern suburb of Dallas. Amenities include a pool, playground and onsite laundry facilities. VaultCap Partners purchased the property from MacDonald Realty Group for an undisclosed price. Taylor Snoddy, James Roberts, Phillip Wiegand and Eric Stockley of NorthMarq brokered the sale.

October 6, 2021

Development Multifamily New Jersey Northeast

Woodmont Properties Opens 443-Unit Apartment Community in West Windsor, New Jersey

by Taylor Williams October 6, 2021

WEST WINDSOR, N.J. — Developer Woodmont Properties has opened Woodmont Way, a 443-unit apartment community in West Windsor, a northern suburb of Trenton. The property features one-, two- and three-bedroom units that are equipped with private balconies/patios. Residents also have access to private garages and individual storage spaces. Communal amenities include a pool, fitness center, game room, golf simulator, theater room, bark park and access to walking trails. To date, Phase I of Woodmont Way is 100 percent occupied with over 130 leases signed since the launch of leasing earlier this year.

October 6, 2021

Leasing Activity New York Northeast Office

Lowenstein Sandler Signs 125,700 SF Office Lease Renewal, Expansion in Manhattan

by Taylor Williams October 6, 2021

NEW YORK CITY — National law firm Lowenstein Sandler has signed a 125,700-square-foot office lease renewal and expansion at 1251 Avenue of the Americas in Manhattan. The 54-story, 2.3 million-square-foot office tower is situated atop the Rockefeller Center subway hub in the borough’s Midtown area. David Falk, Peter Shimkin, Eric Cagner and Nick Berger of Newmark represented the landlord, Mitsui Fudosan America, in the lease negotiations. Michael Goldman and Philip Weiss of AttentivRE represented Lowenstein Sandler, which is extending its current lease and taking an additional 25,000 square feet on the 19th floor.

October 6, 2021

Development Hospitality New York Northeast

Lightstone Tops Out 216-Room Moxy Hotel in Brooklyn’s Williamsburg Area

by Taylor Williams October 6, 2021

NEW YORK CITY — Lightstone has topped out Moxy Williamsburg, a 216-room hotel in Brooklyn. Designed by Stonehill Taylor, the property will offer amenities such as a fitness center, coworking spaces, meeting and event rooms, a rooftop terrace and multiple food and beverage concepts. Leeding Builders Group is managing construction of the project. The opening is set for late 2022.

October 6, 2021

Acquisitions Multifamily New Jersey Northeast

Gebroe-Hammer Negotiates $11.7M Sale of Multifamily Portfolio in East Orange, New Jersey

by Taylor Williams October 6, 2021

EAST ORANGE, N.J. — New Jersey-based brokerage firm Gebroe-Hammer Associates has negotiated the $11.7 million sale of a two-property, 88-unit multifamily portfolio in the Northern New Jersey community of East Orange. The garden-style buildings at 255 Prospect St. and 284 Prospect St. total 42 and 46 units, respectively, across a variety of floor plans. David Oropeza and Debbie Pomerantz of Gebroe-Hammer represented the seller, F&C Realty Co. LLC, and procured the buyer, a private investor, in the transaction.

October 6, 2021

Development Florida Mixed-Use Southeast

Klotz, KABR Plan $200M Redevelopment of Morocco Shrine Center in Jacksonville

by Julia Sanders October 6, 2021

JACKSONVILLE, FLA. — Klotz Group of Cos. and KABR Group plan to redevelop Morocco Shrine Center, a former convention center in Jacksonville. The project, which is expected to cost more than $200 million, will be named The Village at Town Center. The 100,000-square-foot main temple building will be redeveloped to include 1,025 units that will be a mix of market-rate apartments, student housing and hotel rooms. Additionally, the property will include the new development of shops, restaurants and offices totaling 115,000 square feet, as well as public green space. Located at 3800 St. Johns Bluff Road S, the property is situated adjacent to the University of North Florida and St. Johns Town Center. Klotz and KABR Group are set to close on the property in early November, with construction of Phase I slated to begin in 2022. The construction timeline is predicted to take about five to seven years for completion.

October 6, 2021

Acquisitions Florida Life Sciences Office Southeast

Cousins Properties Acquires Heights Union Office Property in Downtown Tampa for $144.8M

by Julia Sanders October 6, 2021

TAMPA, FLA. — Atlanta-based Cousins Properties has acquired Heights Union, a 294,000-square-foot office property in downtown Tampa, for $144.8 million. Atlanta-based TPA Group and Heights master developer SoHo Capital were the sellers, according to the Tampa Business Journal. Built in 2020, Heights Union features two six-story buildings with parking provided. The office property is currently 93.4 percent leased with life sciences users representing 66 percent of the rent roll. Pfizer leases 106,000 square feet for a Global Capability Hub, and Axogen leases 75,000 square feet for its second headquarters and lab space. Additionally, White & Case leases 40,000 square feet for a mission critical global operations center. The office property is located within The Heights neighborhood, which is a live-work-play district located near the 2.6-mile Tampa Riverwalk that runs alongside the Hillsborough River. The district is also anchored by Armature Works, an adaptive reuse project of the former Tampa streetcar facility that includes 73,000 square feet of mixed-use space and over 20 restaurants and bars.

October 6, 2021

Newer Posts

Older Posts