AUBREY, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager The Resmark Cos., has begun leasing Adair, a 134-unit build-to-rent residential project in Aubrey, located in Denton County. Designed by Architecture Demarest and built by Blackland Partners, the development offers one-, two- and three-bedroom homes that range in size from 770 to 1,625 square feet. Amenities include a pool, fitness center, coworking space, an outdoor kitchen and a dog park. Rents start in the mid-$1,600s for a one-bedroom home.
NORTH RICHLAND HILLS, TEXAS — Cambridge Realty Capital has provided a HUD-insured loan for Ashwood Court, a 120-bed assisted living facility in North Richland Hills, located north of Fort Worth. The loan amount was not disclosed, but Cambridge originated the debt through as part of a $19.3 million package that also includes financing for Northland Rehabilitation & Healthcare Center, a 118-bed skilled nursing facility in Kansas City. Brent Holman-Gomez of Cambridge Realty Capital secured the debt through HUD’s 223(f) program. The borrower was not disclosed.
OKLAHOMA CITY — Local brokerage firm NAI RED has arranged the sale of Boulevard Marketplace, a 35,597-square-foot shopping center in Oklahoma City. The sales price was $5 million. The center was built in 1984 and was 78 percent leased at the time of sale to tenants such as Subway and Great Clips. Samuel Dunham, David Hartnack and Sam Swanson with NAI RED represented the buyer and seller, both of which requested anonymity, in the transaction.
NEW YORK CITY — JLL has arranged $123 million in construction financing for a 158-unit multifamily project that will be located at 450 Union St. in the Gowanus area of Brooklyn. The financing consists of a $90 million loan from Bank Hapoalim and IDB Bank and a $33 million equity investment from Global Holdings Management Group. Known as Anagram Gowanus, the 20-story building will house 118 market-rate apartments and 40 affordable housing units in studio, one-, two- and three-bedroom floor plans. Amenities will include a fitness center, children’s playroom, coworking space and an indoor-outdoor rooftop lounge, as well as 22,000 square feet of retail and commercial space. Peter Rotchford, Nicco Lupo, Winfield Clifford and Jonathan Faxon of JLL arranged the financing on behalf of the developer, a joint venture between two local real estate companies, MacArthur Holdings and Tankhouse. Completion is slated for mid-2027.
MEDFORD, MASS. — A public-private partnership between Capstone Development Partners and Tufts University has broken ground on a 664-bed residence hall on the university’s campus in Medford, located north of Boston. The site is situated along the edge of campus adjacent to the Medford/Tufts Green Line public transportation station and previously housed a surface level parking lot. The complex will span 271,000 square feet across two 10-story buildings that will offer 271 apartment-style units in studio, two-, four- and six-bedroom configurations. Shared amenities will include common rooms and lounges, a fitness center, study spaces, conference rooms and onsite laundry facilities, as well as 4,000 square feet of retail space. Project partners include Provident Resources Group, Elkus Manfredi Architects, Erland Construction, Steven Winter & Associates and Barclays. Completion is slated for fall 2027.
BURLINGTON, N.J. — Jefferson Apartment Group, a developer based in Northern Virginia, has completed J Centra, a 500-unit multifamily project located in the Southern New Jersey community of Burlington. The property comprises 20 buildings on a 46-acre site that house 452 apartments in one-, two- and three-bedroom floor plans, as well as 48 townhouse-style units with garages. Residences, 20 percent of which are designated as affordable housing, are furnished with stainless steel appliances, quartz countertops, custom cabinetry, tile backsplashes, walk-in closets and individual washers and dryers. J Centra also features two separate clubhouses totaling nearly 11,000 square feet that have outdoor kitchens, courtyards, lounge areas and pools. Other amenities include a grand clubhouse with a fireplace lounge, bar, gaming area, coworking stations and a pet spa, as well as a fitness center with a yoga studio, pickleball and tennis courts, a playground, dog park and walking trails. Rents start at roughly $2,200 per month for a one-bedroom apartment.
NEW YORK CITY — WeWork will open a 60,000-square-foot coworking space at 250 Broadway in Lower Manhattan. The space will encompass five of the 648,000-square-foot building’s 31 floors. Peter Riguardi, Clark Finney, Alexander Riguardi and Dana Goldman of JLL represented WeWork in the lease negotiations in conjunction with two of the company’s real estate leaders, Peter Greenspan and Whitney Anderson. Brad Gerla, Michael Rizzo and Alex Benisatto of CBRE, along with internal agent Anne Holker, represented the landlord, Am Trust RE. The opening is slated for December.
LAFAYETTE, GA. — Pilgrim’s, a global food company primarily known for producing and processing chicken and pork, will invest $400 million for the construction of a new prepared foods facility located in the northwestern corner of Georgia in LaFayette, about 30 miles south of Chattanooga, Tenn. Situated within Walker County Business Park, the multi-phase development is expected to create more than 630 new jobs at full capacity. The project is scheduled to break ground in the fall, and hiring is expected to begin in 2027, aligning with the scheduled completion of the first phase of construction. Lori Dowdy, in partnership with the Walker County Development Authority and Georgia Quick Start, internally represented the Georgia Department of Economic Development’s (GDEcD) Global Commerce team in the Pilgrim’s deal. Pilgrim’s currently operates seven food production facilities across Georgia, employing roughly 7,500 people.
RED BANK, N.J. — Regional healthcare provider Hackensack Meridian Health has signed a 50,000-square-foot office lease in Red Bank, located near the Jersey Shore. The space is located within River Centre, a six-building, 668,107-square-foot campus. Jamie Drummond , Andrew Perrotti and Luke Reid of Newmark represented the landlord, Paramount Realty, in the lease negotiations. Suzanne Macnow of CBRE represented Hackensack Meridian.
CHIEFLAND, FLA. — Locally based Coldwell Banker Commercial M.M. Parrish Realtors has arranged the sale of Chiefland Regional Shopping Center, a 140,664-square-foot retail center located in Chiefland, approximately 30 miles southwest of Gainesville, Fla. Bealls anchors the center, which was 95.6 percent occupied at the time of sale to tenants including Rent-A-Center, Tractor Supply Co., Subway, Metro by T-Mobile and a Winn-Dixie grocery store, which will soon be converted into an Aldi. This transaction marks the first time the property has been sold since its original development in 1989. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the buyer, Georgia-based Vanguard Associates, in the deal. Coldwell Banker Commercial M.M. Parrish Realtors represented the undisclosed seller. The sales price was also not disclosed.