HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $6.7 million sale of Sumner House Apartments, an 80-unit multifamily complex located in the Asylum Hill neighborhood of Hartford. Built in 1970, the property offers 18 studios, 29 one-bedroom units, 32 two-bedrooms units and a three-bedroom penthouse that was built as the home for the original developer. Rick Chozick and Steve Pappas of Chozick Realty brokered the deal. The buyer and seller were not disclosed.
NEW YORK CITY — Five Iron Golf has signed a 4,000-square-foot office lease in Midtown Manhattan. The entertainment concept will soon relocate its New York headquarters from 60 E. 42nd St. to the penthouse suite of the Central Plaza Building at 18 E. 41st St. Alex Redlus and Kirill Azovtsev of Savills represented Five Iron Golf in the lease negotiations. John Thompson and Justin Gentile of Resolute Real Estate represented the landlord.
When people think of Memphis, they often picture its musical legacy, its storied riverfront and its role as a logistics powerhouse. But fewer realize that Memphis is also quietly becoming one of the Southeast’s most dynamic retail markets. Despite headwinds that have impacted large-format retailers nationally, Memphis continues to attract new-to-market brands, redevelop aging assets and create spaces that resonate with today’s consumers. Economic foundations Memphis is riding a wave of transformational investment across multiple sectors. Ford Motor Co.’s $5.6 billion Blue Oval City, where the company’s all-electric truck and battery plant will be built, is already reshaping the regional economy. Google’s announcement of a 1,178-acre, $10 billion data center and office campus in nearby West Memphis in Arkansas adds another layer of momentum, as does the creation of the world’s largest supercomputer by xAI. Coupled with St. Jude’s $10 billion expansion, these projects underscore the region’s growth trajectory and long-term employment base. In retail, the past year brought a temporary pause in net absorption, with approximately 317,000 square feet coming back to the market — primarily due to national big-box closures like Macy’s, Joann Fabrics and Big Lots. Yet these macro shifts don’t tell the whole story. By the …
ALPHARETTA, GA. — National developer Portman Holdings has acquired Brookside Office Park, a 266,000-square-foot development located in the northern Atlanta suburb of Alpharetta with plans to undertake a mixed-use redevelopment. The seller and sales price weren’t disclosed, but the Atlanta Business Chronicle reports that an affiliate of Bridge Commercial Real Estate sold the property for $27 million. Brookside Office Park consists of two buildings on a 20-acre site that were originally constructed in the 1980s. Portman plans to retain one 130,000-square-foot building, raze the other and pave the way for a proposed vision that includes 335 multifamily residences, 70 townhomes and 60,000 square feet of retail and restaurant space. Townhome prices will start at roughly $650,000, according to reports from the Atlanta Business Chronicle. The redevelopment will also feature activated public gathering areas, pedestrian connections and outdoor amenities that promote walkability and community engagement. Portman received unanimous approval from the Alpharetta City Council in April to transform the site into a mixed-use destination. Construction is expected to begin in 2026, with completion anticipated in 2029. “With Brookside, we’re taking an older office campus and giving it new life, keeping the best of what’s there while bringing in housing, retail and spaces …
AUSTIN, TEXAS — Park7 Group has completed Icon, a 30-story student housing tower located near the University of Texas at Austin campus in the city’s West Campus neighborhood. The property offers 555 beds across 216 units in one- through five-bedroom configurations. Shared amenities include a rooftop pool, fitness center, media room, game and lounge spaces and study areas. The community also offers four levels of below-ground parking. The development team for the project included Hoar Construction, Rhode Partners, DCI Engineers, Blum Engineering, Wuest, Power Design, GMI, Southern Wall Systems and Kilgore Multifamily. Construction began in spring 2023 and topped out last fall.
CEDAR PARK, TEXAS — Newmark has brokered the sale of The Alden at Cedar Park, a 349-unit apartment community located on the northern outskirts of Austin. Built in 2020, the community offers one- and two-bedroom units and amenities such as a pool, clubhouse with a resident lounge and cocktail bar, outdoor entertainment areas with grilling stations and a 24-hour fitness center. Patton Jones and Andrew Dickson of Newmark represented the undisclosed seller in the transaction. Mitch Clarfield and Alec Newman, also with Newmark, originated Fannie Mae acquisition financing on behalf of the buyer, Washington-based Weidner Apartment Homes. The Alden was 95 percent occupied at the time of sale.
HOUSTON — Colliers has negotiated a 189,000-square-foot industrial lease in northwest Houston. The tenant was not disclosed. The newly constructed building at 8020 Northcourt Road features 32-foot clear heights, 48 dock‑high doors, two drive-in ramps and 180-foot truck court depths. Robert McGee, Taylor Schmidt and Austin Bartula of Colliers represented the landlord, Provident Industrial, in the lease negotiations. The deal accounts for about 77 percent of the building’s total space.
HOUSTON — Wholesale Electric Supply has signed a 74,880-square-foot industrial lease in East Houston. According to showcase.com, the building at 615 E. Sam Houston Parkway S features a cross-dock configuration, 32-foot clear heights, 26 dock-high doors and 1,800 square feet of office space. Tyler Maner, Jon Farris and Jake Linderman of Stream Realty Partners represented the tenant in the lease negotiations. Holden Rushing and Chris Haro of Partners Real Estate represented the landlord, First Industrial Realty Trust.
HOUSTON — AJ Madison will open a 12,000-square-foot store and showroom in West Houston that will be the New York-based home appliance retailer’s first Texas location. The space is located within Piney Point Shopping Center, and the opening is scheduled for early next year. Eric Lestin and Michael Burgower of Cushman & Wakefield represented AJ Madison in the lease negotiations. Radkey Jolink and Greg Lee of Jolink Wallace Commercial represented the undisclosed landlord.
PARK RIDGE, N.J. — CBRE has negotiated the $117 million sale of The James, a 240-unit apartment complex located in the Northern New Jersey community of Park Ridge. Completed in 2021, The James offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, quartz countertops, espresso cabinetry and tile backsplashes. Indoor amenities include a coffee bar, game room, catering kitchen, coworking spaces with private offices, fitness center and a yoga studio. Outside, residents have access to multiple gathering areas, including an outdoor pool, grilling and dining areas, fire pits, TV and lounge areas and a turf lawn. The James also houses nearly 18,000 square feet of retail space. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer, Roland Merchant and Tom Pryor of CBRE represented the seller, Veris Residential, in the transaction. The buyer was not disclosed.