Property Type

Sherman Residential Acquires 233-Unit Skye Suwanee Town Center Apartments in Metro Atlanta

by John Nelson July 7, 2025

SUWANEE, GA. — Illinois-based Sherman Residential has acquired Skye Suwanee Town Center, a 233-unit apartment community in the northeast Atlanta suburb of Suwanee in Gwinnett County. The seller and sales price were not disclosed. Built in 2020, Skye Suwanee Town Center offers studio, one-, two- and three-bedroom apartments. Amenities include a 24/7 wine cellar, two-story fitness center and a rooftop terrace with a retrofitted Airstream lounge. The property also features retail space on the ground level leased to Thrive Coworking and Warm Waves, a coffee shop. Skye Suwanee Town Center is located at 500 Buford Highway, about one north of the city’s town square and about a quarter-mile south of Suwanee Town Center, a mixed-use district anchored by the 10-acre Town Center Park.

July 7, 2025

Development Industrial Self-Storage Texas

SurePoint to Develop 90,000 SF Self-Storage Facility in The Woodlands, Texas

by Taylor Williams July 7, 2025

THE WOODLANDS, TEXAS — SurePoint Development, a self-storage owner-operator based in San Antonio, will develop a 90,0000-square-foot (net rentable) facility in The Woodlands, about 30 miles north of Houston. The number of units has not yet been finalized. The site is located near the intersection of Six Pines Drive and Lake Front Circle within The Woodlands Town Center, and the property will feature climate-controlled space. Construction is scheduled to begin next spring and to be complete in the first quarter of 2027.

July 7, 2025

Acquisitions Georgia Retail Southeast

Matthews Real Estate Negotiates Sale of Kroger-Anchored Shopping Center in Canton, Georgia

by John Nelson July 7, 2025

CANTON, GA. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews brokered the transaction. The buyer, Aubuchon Realty Co., purchased Woodmont Village for an undisclosed price. The seller was also not released.

July 7, 2025

Acquisitions Industrial Leasing Activity Southeast Tennessee

Cushman & Wakefield Commercial Advisors Arranges Sale-Leaseback of Two Memphis Industrial Facilities

by John Nelson July 7, 2025

MEMPHIS, TENN. — Cushman & Wakefield Commercial Advisors has arranged the sale-leaseback of two industrial facilities in Memphis totaling 250,000 square feet. AIC purchased the facilities, located at 2149 Harbor Ave. and 2172 Wharf St., from the tenant, Red Dot Corp. Red Dot designs and manufactures HVAC systems for commercial and military vehicles. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors, along with Frank Maldonado and Dan Johnsen of Cushman & Wakefield, represented Red Dot in the sale and long-term lease of the two facilities. Terms of the transaction were not released.

July 7, 2025

Leasing Activity Office Texas

Avison Young Negotiates 25,840 SF Office Lease in West Houston

by Taylor Williams July 7, 2025

HOUSTON — Avison Young has negotiated a 25,840-square-foot office lease in West Houston. The tenant, Dean & Draper Insurance, is relocating and expanding its footprint from the nearby building at 3131 W. Alabama St. to the entire 10th floor and part of the eighth floor at Eleven77, an 18-story building. Anthony Squillante and Dustin Devine of Avison Young represented Dean & Draper in the lease negotiations. Kelli Gault, Doug Little and John Heard of Transwestern represented the landlord, Hicks Ventures.

July 7, 2025

Acquisitions Florida Industrial Southeast

Granite REIT Purchases 124,500 SF Industrial Property in Coral Springs, Florida

by John Nelson July 7, 2025

CORAL SPRINGS, FLA. — Granite REIT has purchased Coral Springs Logistics Center, a 124,500-square-foot industrial property located at 3850-3872 N.W. 126th St. in Coral Springs, a city in South Florida’s Broward County. A joint venture between Barings Real Estate and Arkadia Property Group sold the property to Granite REIT for an undisclosed price. Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL represented the seller in the transaction. Built in 2021, Coral Springs Logistics Center comprises two rear-load buildings that were fully leased at the time of sale to building materials wholesaler Exclusive Trim Inc. and commercial refrigerator manufacturer Marc Refrigeration.

July 7, 2025

Industrial Leasing Activity Texas

Texas Irrigation Supply Signs 10,625 SF Industrial Lease Renewal in Northwest Dallas

by Taylor Williams July 7, 2025

DALLAS — Texas Irrigation Supply, a plumbing and irrigation equipment wholesaler and distributor, has signed a 10,625-square-foot industrial lease renewal in northwest Dallas. According to LoopNet Inc., the building at 10760 Shady Trail was constructed in 1955 and totals 20,500 square feet. Scott Voelkel and Cullen Dickey of Highland Properties represented the landlord, a Dallas-based family partnership, in the lease negotiations. Andrew Brod of Cresa represented the tenant.

July 7, 2025

Acquisitions Affordable Housing Development Multifamily North Carolina Southeast

Coldwell Banker Brokers $3.4M Sale of Multifamily Development Site in Charlotte

by John Nelson July 7, 2025

CHARLOTTE, N.C. — Coldwell Banker Commercial Realty has brokered the $3.4 million sale of a 3.4-acre, multifamily-zoned parcel at 5703-5707 N. Tryon St. in Charlotte. The buyer, The Annex Group, plans to develop a 200-unit affordable housing community on the site. Capital partners for the project include City of Charlotte, Bank of America and the North Carolina Housing Financing Authority (NCHFA). The construction timeline was not released. Ryan Pilsy of Coldwell Banker represented the land seller, an entity doing business as Kilbros3 LLC, in the transaction. Annex Group was represented internally by Joy Skidmore and Ryan Clark.

July 7, 2025

Hospital-for-Special-Surgery-Sports-Medicine-Institute-West-Side

Development Healthcare New York Northeast

Skanska Completes Healthcare Renovation Project in Midtown Manhattan

by Taylor Williams July 7, 2025

NEW YORK CITY — International development and construction firm Skanska has completed the renovation of the Hospital for Special Surgery Sports Medicine Institute West Side in Midtown Manhattan. The project transformed the fourth floor of the facility into an outpatient clinic and introduced 15 new exam rooms, offices and a storage area. Skanska, working with Batska Consulting Group, also upgraded the building’s mechanical, electrical and plumbing systems to accommodate the new operations. Additional improvements included the integration of a new X-ray room and an ultrasound-guided injection exam room. Construction began in August 2024.

July 7, 2025

Acquisitions California Industrial Western

EQT Real Estate Buys 2 MSF Industrial Portfolio in Manteca, California

by Amy Works July 7, 2025

MANTECA, CALIF. — EQT Real Estate’s EQT Exeter Industrial Value Fund VI has purchased a 2 million-square-foot portfolio of logistics facilities in Manteca. The four Class A buildings are located near interstates 5 and 99 and offer immediate access to a major Union Pacific intermodal terminal. The properties are fully leased to four tenants across a diverse set of industries with a weighted average lease term of less than three-and-a-half years. The buildings feature 36-foot clear heights, a mix of cross-dock and single-load configurations, ample trailer and auto parking spaces and truck maneuverability and circulation. Michael Kendall, Michael Goldstein, Gian Bruno and Nick Mascheroni of Colliers advised EQT Real Estate in the transaction.

July 7, 2025

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