Property Type

Westmount Realty Capital Sells 164-Unit Apartment Complex in Arlington

by Taylor Williams April 28, 2025

ARLINGTON, TEXAS — Dallas-based investment firm Westmount Realty Capital has sold a 164-unit apartment complex in Arlington. Built on 7.4 acres in 1980, Westmount at Forest Oaks is a garden-style property that offers one- and two-bedroom units with an average size of 736 square feet. Amenities include a pool, playground and a fitness center. Westmount bought the property in 2016 and undertook renovations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile and Joey Tumminello of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Westmount in the transaction. The team also procured the undisclosed buyer, which plans to further implement capital improvements.

April 28, 2025

Leasing Activity Retail Texas

Ross Dress for Less to Open 22,000 SF Store at Buckingham Plaza in Garland, Texas

by Taylor Williams April 28, 2025

GARLAND, TEXAS — Ross Dress for Less will open a 22,000-square-foot store in the northeastern Dallas suburb of Garland. The space is located within Buckingham Plaza, a shopping center that is also home to tenants such as dd’s Discounts, DTLR Villa, Dickey’s Barbecue Pit, Burger Island and Metro by T-Mobile. Matt Luedtke, Ben Terry, Max Johnston and Bernard Shaw of Weitzman represented the undisclosed landlord in the lease negotiations. Jim Tapp of The Tapp Co. represented Ross Dress for Less.

April 28, 2025

Leasing Activity Office Texas

Archer Systems Renews 17,000 SF Office Lease at Stonecreek in Northwest Austin

by Taylor Williams April 28, 2025

AUSTIN, TEXAS — Archer Systems, a Houston-based provider of comprehensive legal settlement solutions, has renewed its 17,000-square-foot office lease at Stonecreek, a 76,910-square-foot building in northwest Austin. Built in 2000, Stonecreek features a conference room, lobby and a tenant break room. Matt Frizzell, Brian Liverman and Kevin Granger of Cushman & Wakefield represented the landlord, Drawbridge Realty, in the lease negotiations. Alecia Schneider and Drew Morris of Savills represented the tenant.

April 28, 2025

Leasing Activity Office Texas

Federated Mutual Insurance Signs 15,731 SF Office Lease in North Richland Hills, Texas

by Taylor Williams April 28, 2025

NORTH RICHLAND HILLS, TEXAS — Federated Mutual Insurance Co. has signed a 15,731-square-foot office lease at Corporate Centre at the Crossing in North Richland Hills, located north of Fort Worth. The 226,650-square-foot complex was built in phases between 1991 and 2003. James Stein of CBRE represented the tenant in the lease negotiations. Jake Neal, Matt Carthey and Vic Meyer of Holt Lunsford Commercial represented the landlord, Capital Commercial.

April 28, 2025

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 11,760 SF Vacant Retail Building in Downtown Fort Worth

by Taylor Williams April 28, 2025

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of an 11,760-square-foot vacant retail building in downtown Fort Worth. The three-story building at 913 Houston St. is located across from the Fort Worth Convention Center, which is undergoing a $500 million expansion. Joe Santelli of Marcus & Millichap represented the seller, a developer, and procured the buyer. Both parties were locally based entities that requested anonymity.

April 28, 2025

Development Industrial Northeast Pennsylvania

RMR Group to Develop 477,500 SF Industrial Project in Southwest Philadelphia

by Taylor Williams April 28, 2025

PHILADELPHIA — The RMR Group, an alternative asset management company based in metro Boston, will develop a 477,500-square-foot industrial project in southwest Philadelphia. The site at 8800 Tinicum Blvd. is located across from Philadelphia International Airport, and the development will feature a clear height of 40 feet, ample car and trailer parking and an electrical capacity of 8,000 amps. Construction is expected to begin over the summer and to last 12 to 18 months. Avison Young has been appointed as the leasing agent.

April 28, 2025

Development Multifamily New Jersey Northeast

Kushner Begins Leasing 265-Unit Apartment Complex in East Hanover, New Jersey

by Taylor Williams April 28, 2025

EAST HANOVER, N.J. — Locally based developer Kushner has begun leasing Livana East Hanover, a 265-unit multifamily project in the Northern New Jersey community of East Hanover. The community features a mix of one- to three-bedroom residences across four buildings and includes 53 affordable housing units. The amenity package comprises a pool, grilling stations, outdoor gaming area, fitness center with a yoga studio, theater room, residents-only clubroom, a conference and coworking facilities. Construction began in June 2022. Rents start at $2,500 per month for a one-bedroom apartment.

April 28, 2025

Development Southeast Student Housing Virginia

Subtext, Kayne Anderson Break Ground on 1,332-Bed Student Housing Development Near University of Virginia

by John Nelson April 28, 2025

CHARLOTTESVILLE, VA. — A joint venture between Subtext and Kayne Anderson Real Estate has broken ground on VERVE Charlottesville, a 1,332-bed student housing project located adjacent to the University of Virginia campus at 100 Stadium Road in Charlottesville. The 12-story community will span 729,262 square feet and offer 463 units in studio, one-, two-, three- and four-bedroom floorplans. Amenities will include a fireside lobby lounge, coffee café, two-story fitness and wellness center, multi-sport gaming lounge, F1 driving simulator, pool terrace, dog spa and pet park, makerspace, an outdoor fitness lawn and dedicated library and study spaces. The joint venture will also contribute $6.8 million to the Charlottesville Affordable Housing Fund as part of its development agreement with the City of Charlottesville. The development team for the project includes John Moriarty & Associates, Sumitomo Mitsui Banking Corp., ESG Architecture & Design, Wolf Ackerman Design, AJC Design Group, SK&A and Timmons Group. VERVE Charlottesville is slated for completion in summer 2027.

April 28, 2025

Acquisitions Maryland Multifamily Southeast

29th Street Capital, Willton Investment Acquire 311-Unit Multifamily Community in Metro D.C.

by John Nelson April 28, 2025

SILVER SPRING, MD. — A partnership between Chicago-based 29th Street Capital (29SC) and Willton Investment Management has acquired Fenwick Apartments, a 311-unit multifamily community located in the Washington, D.C. suburb of Silver Spring, three blocks from the Silver Spring Transit Station. Upon completion of the Metro’s Purple Line in 2027, the complex will offer direct access to the I-270 Tech Corridor. Originally built in 2014, Fenwick Apartments — which was 96.8 percent occupied at the time of sale — comprises studio, one- and two-bedroom floorplans ranging in size from 529 square feet to 1,017 square feet, according to Apartments.com. The property is LEED Gold-certified and includes amenities such as a resort-style pool, fitness center, business center and a rooftop lounge with a vertical garden. The partnership plans to renovate the property, with enhancements to the common and amenity areas. 29th Street Living, the in-house property management branch of 29SC, will oversee day-to-day operations at Fenwick.

April 28, 2025

Acquisitions Connecticut Multifamily Northeast

Chozick Realty Negotiates $8.5M Sale of Apartment Building in Meriden, Connecticut

by Taylor Williams April 28, 2025

MERIDEN, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $8.5 million sale of a 71-unit apartment building in Meriden, located roughly midway between Hartford and New Haven. The building at 32 Cook Ave. houses 10 studios, 27 one-bedroom units, 30 two-bedroom residences and four three-bedroom apartments. Unit interiors and building systems at the property, which was fully occupied at the time of sale, have also been upgraded in recent years. Steve Pappas of Chozick Realty represented the undisclosed seller in the transaction. The buyer was not disclosed.

April 28, 2025

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