COLLEGE STATION, TEXAS — Subtext, a student housing and multifamily owner-operator based in St. Louis, in partnership with Larson Capital Management, has broken ground on a 1,193-bed student housing project near Texas A&M University in College Station. Known as VERVE College Station, the 21-story, 392-unit building will be situated in the city’s Northgate Entertainment District, less than two blocks from campus. Residences will come in studio to five-bedroom floor plans, and amenities will include a pool, lounge, sky lounge, study rooms, a coffee bar, fitness center, meditation rooms, multi-sport simulator and an indoor/outdoor bar and kitchen. Hoar Construction is serving as the general contractor for the project, which is slated for a summer 2028 completion.
Property Type
CORPUS CHRISTI, TEXAS — Disney Investment Group (DIG), a Dallas-based brokerage firm, has arranged the sale of Moore Plaza, a 379,035-square-foot retail power center in Corpus Christi. Major users among the center’s roster of 40 tenants include Hobby Lobby, Mardel, Marshalls, Burlington, Old Navy, Office Depot, Total Wine & More, Half Price Books and Pet Supplies Plus. David Disney and Adam Crockett of DIG represented the undisclosed seller in the transaction and procured the buyer, Chicago-based investment firm Bridge33. The deal follows DIG’s closing of the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi, for a combined sales price of roughly $97 million.
FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired a 160,000-square-foot distribution building in North Fort Worth. The building is situated on a 9.3-acre site within North Quarter 35 Business Park, a four-building, 645,000-square-foot development. Building features include 32-foot clear heights, 185-foot truck court depths, 35 dock-high doors, two grade-level doors and 21 trailer parking stalls. Westcore acquired the building in a sale-leaseback with an undisclosed owner-occupier and now owns North Quarter 35 Business Park in its entirety, having purchased three existing buildings at the property in 2023.
IRVING, TEXAS — Partners Real Estate has brokered the sale of Embassy Apartments, a 111-unit multifamily complex in Irving. According to Apartments.com, the property offers one-, two- and three-bedroom units, as well as onsite laundry facilities. Preston Browne and Scott Lunine of Partners brokered the deal, which traded at a per-unit price of roughly $125,000. The seller and buyer were not disclosed.
REVERE, MASS. — A partnership between regional developer HYM Investment Group, private investment group Cathexis Holdings and Related Fund Management has broken ground on Portico, a 473-unit multifamily project in Revere, located northeast of Boston. The site is located within Suffolk Downs, a 161-acre, mixed-use redevelopment of a former horseracing complex. Portico will offer studio, one- and two-bedroom floor plans and 33,000 square feet of ground-floor retail space. Amenities will include a sky deck, lounge with a kitchen, courtyard with flex spaces and grilling stations, recording pods, a fitness center and a veranda with a coffee bar and private workspaces. Prellwitz Chilinski Architects is designing the project, and Suffolk Construction is serving as the general contractor. Completion is slated for early 2028.
IndiCap, Invesco Sell 566,121 SF Building at Virgin Industrial Park Near Glendale, Arizona
by Amy Works
WADDELL, ARIZ. — IndiCap and Invesco Ltd. have completed the disposition of a modern industrial facility located within Virgin Industrial Park in Waddell, an unincorporated community in Maricopa County, Ariz. An undisclosed buyer acquired the property for $90.6 million. VIP Industrial Holdings LLC holds the 566,121-square-foot asset, which is located at 15784 W. Hatcher Road. Marc Hertzberg, Riley Gilbert and Kelly Royle of JLL represented the sellers, while Sean Kropke, Michael Haenel and Justin Smith of Cushman & Wakefield represented the buyer in the deal.
GARDENA, CALIF. — Cityview and Stockbridge have completed Apollo, an apartment property located at 12888 Crenshaw Blvd. in Gardena. The project team includes Westport Construction, AC Martin, Nadia Geller Designs and MJS Landscape Architecture. The eight-story Apollo features 265 studio, one- and two-bedroom floor plans with full-size in-unit washers/dryers, luxury vinyl plank flooring, stainless steel appliances, quartz countertops, designer backsplashes, soft-close cabinetry, under-cabinet lighting and gas ranges. The units also include smart home systems, including thermostats and keyless entry, and smart lighting switches in select units. Additionally, some units offer floor-to-ceiling windows, private balconies and walk-in closets. Community amenities include community-wide high-speed internet and Wi-Fi connectivity, a pool, spa, terrace with lounge seating, an outdoor kitchen, a media and club room, an outdoor game deck, an indoor sports simulator, an indoor fitness center, an outdoor training deck and CV Works coworking space with high-speed Wi-Fi and tech-enabled workspaces. The property also features covered bike storage, electric vehicle charging stations, a parcel room, controlled access parking and a pet-friendly playground and wash station.
Buchanan Street Partners Breaks Ground on 760-Unit Self-Storage Facility in Scotts Valley, California
by Amy Works
SCOTTS VALLEY, CALIF. — Buchanan Street Partners has broken ground for the development of a climate-controlled self-storage facility situated on 2.6 acres at 10 Victor Square in Scotts Valley. Buchanan acquired the site for $5.2 million after 14 months of entitlement efforts and project due diligence. The property, which formerly housed a vacant 39,000-square-foot office/flex building, will be redeveloped into a three-story, 99,500-square-foot Class A self-storage facility offering 760 units. Demolition commenced in January, and completion of the project is slated for April 2027. The project team includes DAI General Contracting and Valli Architecture. East West Bank is providing construction financing for the project.
DENVER — Cushman & Wakefield has brokered the sale of Leetsdale Marketplace, a 111,669-square-foot grocery-anchored retail center at 7150 Leetsdale Drive in Denver. Legacy Capital Partners sold the asset to a partnership led by Citivest Commercial for $13 million. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction.
VALLEY COTTAGE, N.Y. — JLL has brokered the sale of a portfolio of four industrial buildings totaling 209,792 square feet in Valley Cottage, about 35 miles north of New York City. Known as the Northern I-287 Small-Bay Portfolio, the buildings collectively span 16.5 acres, range in size from 29,700 to 72,000 square feet and were 96 percent leased to 27 tenants at the time of sale. JLL represented the seller, an undisclosed private investor, in the transaction. JLL also arranged acquisition financing for the deal through PCCP LLC on behalf of the buyer, Connecticut-based investment firm East Capital Partners.