ROUND ROCK, TEXAS — Sabey Data Centers, a Seattle-based owner-operator that is a joint venture between Sabey Corp. and National Real Estate Advisors LLC, has broken ground on a 54-megawatt project in the northern Austin suburb of Round Rock. The three-story facility represents Building B within a larger campus, and the first 18 megawatts of power are expected to be available to users in the third quarter of 2027.
RONKONKOMA, N.Y. — Greystone has provided a $166.2 million Freddie Mac permanent loan for The Core at Station Yards, a mixed-use property in Ronkonkoma, located on Long Island. The Core at Station Yards, which is situated within the 2 million-square-foot Station Yards development, comprises 388 apartments and roughly 83,500 square feet of retail and office space. Drew Fletcher, Jesse Kopecky and Bryan Grover of Greystone originated the financing on behalf of the borrower, a partnership between TRITEC Real Estate Co. and The Olayan Group. The loan was structured with a 10-year term and a fixed interest rate.
BELLPORT, N.Y. — JLL has negotiated the sale of The Storage Vault, a 749-unit self-storage facility located at 73 Horseblock Road in the Long Island community of Bellport. Constructed on approximately 5 acres in 2020, The Storage Vault totals 54,750 net rentable square feet of predominantly climate-controlled space. The property also includes 73 RV, boat and trailer storage spaces and 33 drive-up spaces. JLL represented the seller, Storage Vault, in the transaction. The buyer was National Storage Affiliates. The sales price was not disclosed.
DOUGLAS COUNTY, GA. — DC Blox has obtained $1.15 billion in construction financing for a new data center campus coming to Douglas County, which sits west of Atlanta. ING Capital LLC, Mizuho Bank Ltd. and Natixis Corporate & Investment Banking served as lead arrangers and joint bookrunners for the financing package. Other participating capital sources include First Citizens Bank, CoBank ACB, LBBW, Toronto-Dominion Bank, KeyBank and Huntington National Bank. The funds will support the development of a 120-megawatt (MW) data center and include campus expansion to support an additional 80 MW of space. The financing follows DC Blox securing a $265 million green loan and equity from Post Road Group for the project. DC Blox expects the campus, which will be utilized by cloud and AI users, to be available as early as 2027. The developer and operator has a data center underway in the county, as well as in Conyers, Ga., with a few more scattered around the Southeast.
WALTHAM, MASS. — Brandeis University is underway on construction of a five-story, 631-bed residence hall project on the university’s campus in Waltham, located west of Boston. The development team for the project includes William Rawn Associates and Dimeo Construction. MassDevelopment issued a $134.6 million tax-exempt bond for the development, alongside other miscellaneous projects on the university’s campus. The bond was sold through a public offering underwritten by Barclays Capital Inc. Completion is slated for spring 2027.
GLEN ALLEN, VA. — Foxfield has purchased Metropolis at Innsbrook, a 402-unit apartment community in the northern Richmond suburb of Glen Allen. Built in 2023, the property was 96 percent occupied at the time of sale. The seller and sales price were not disclosed. Charles Wentworth, Victoria Pickett, Garrison Gore and Eric DeStefano of Newmark brokered the transaction. Situated within Innsbrook Office Park, Metropolis at Innsbrook offers studio, one-, two- and three-bedroom apartments, according to the property website. Amenities include outdoor grilling and entertainment areas, a 24-hour fitness center, golf simulator, rooftop deck and lounge, resort-style swimming pool, community kitchen, dog spa, dog parks, rentable storage units and electric vehicle charging stations.
CORAL SPRINGS, FLA. — A joint venture between Foundry Commercial and American Realty Advisors has obtained a $57 million loan for Osprey Logistics Park, a 427,515-square-foot industrial park located at 12000 N.W. 39th St. in Coral Springs, a city in South Florida’s Broward County. Steven Klein, Melissa Rose, Nicole Barba and Preston Bacon of JLL arranged the floating-rate loan through Synovus Bank. Built in 2023, Osprey Logistics Park sits on 22.2 acres adjacent to Sawgrass Expressway and Sample Road. Features include 36-foot clear heights, 180-foot truck courts, 235-foot depths and 54-foot column spacing.
JACKSONVILLE, FLA. — Savlan Capital has purchased a seven-building office and flex portfolio in Jacksonville for $52 million. An undisclosed financial institution sold the properties, which span 765,190 square feet and are situated within the Lakeside and Flagler Center business parks. Robbie McEwan and Hunter Smith of JLL represented the buyer and seller in the transaction. The portfolio was 57.2 percent leased at the time of sale to tenants including HTS Logistics (corporate headquarters), Kimley-Horn, EY, Pulte Home Co., Siemens Mobility, United Healthcare Service and Total Quality Logistics.
LAWRENCEVILLE, GA. — North Carolina-based Prudent Growth Partners has acquired Sugarloaf Village, a 32,000-square-foot shopping center located in Lawrenceville, for $7.3 million. The seller was not disclosed. Situated approximately 30 miles northeast of downtown Atlanta, the property was originally built in 2008 and features a mix of 17 tenants including lifestyle retailers and service providers such as a nail salon, pet groomer and barber shop. Other nearby retailers include AT&T, Starbucks Coffee, Publix, Target, Marshalls, Aldi, The Home Depot, PetSmart, Hobby Lobby and Panera Bread.
WILMINGTON, DEL. — An affiliate of Community Preservation Corp. (CPC) and Pennrose has received a $6.8 million Freddie Mac loan for Imani Village Phase IV, an affordable housing project in northeast Wilmington. Phase IV of the eight-phase project, which will eventually add more than 700 units to the local supply, totals 84 units that will be subject to a range of income restrictions. In addition, nine units will be set aside for renters with special needs. Construction is scheduled to begin before the end of the year and to be complete in 2027.