KATY, TEXAS — EōS Fitness will open a 40,000-square-foot gym in the western Houston suburb of Katy. The Dallas-based operator will join tenants such as Target and Lowe’s Home Improvement at Texas Heritage Marketplace, a $400 million mixed-use development that fronts both I-10 and the newly completed Texas Heritage Parkway. NewQuest owns the property and also represented EōS Fitness in the lease negotiations. The opening is scheduled for 2027.
FORT WORTH, TEXAS — Texas Wireline Manufacturing, a provider of hydraulic support equipment for the trucking industry, has signed a 20,000-square-foot industrial lease renewal in Fort Worth. The company has housed its headquarters within the building at 8821 Forum Way on the city’s south side for 25 years. Todd Lambeth of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Jeremy Mercer of Mercer Co. represented the landlord, the Knopf Family.
NEW HAVEN, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $121 million sale of a portfolio of four multifamily properties totaling 693 units in Connecticut. The portfolio comprises New Cambridge, a 208-unit complex in Bristol that was built in 1969; Silvertree, a 180-unit property in Wallingford that was constructed in 1976; Peppertree, a 205-unit asset in Groton that was completed in 1975; and Huntington Ridge, a 100-unit complex in Norwich that was built in 2004. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller, Sun Equity Partners, in the transaction and procured the buyer, FPA Multifamily LLC.
EAST HANOVER, N.J. — Locally based developer KRE Group has completed Valley View Park, a 239-unit apartment community in East Hanover, about 30 miles west of Manhattan. The property, which is named for a golf course that occupied the site from 1937 to 1973, consists of five four-story buildings. Units come in one- and two-bedroom floor plans, and 34 residences are subject to income restrictions. The amenity package comprises a pool, fitness center, clubhouse, indoor and outdoor children’s play areas, outdoor grilling and dining stations, a gaming lawn, dog park and walking trails. Rents start at approximately $2,700 per month for a one-bedroom apartment. Construction began in April 2023, and leasing launched in September 2024.
NEEDHAM, MASS. — Locally based investment firm Riverside Properties has purchased a 135,272-square-foot office building in Needham, about 20 miles southwest of Boston. The three-story building at 160 Gould St. offers an outdoor socialization area and a former full-service cafeteria. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell, William Sleeper, Joseph Alvarado and Casey Valente of Newmark represented the seller, James Campbell Co., in the transaction. The team also procured Riverside Properties as the buyer.
PARSIPPANY, N.J. — Topgolf will open a new entertainment venue at 1269 U.S. Route 46 in the Northern New Jersey community of Parsippany. The square footage was not disclosed. The three-level facility will feature 102 climate-controlled hitting bays, a full-service restaurant and bar, fire pits, private event space and a rooftop terrace. Construction of the venue, which will be the Dallas-based operator’s third in New Jersey and is expected to employ between 350 and 400 people, is now underway. The opening is slated for next summer.
PANAMA CITY, FLA. — Topgolf will open its newest outdoor venue at 15475 Topgolf Way in Panama City Beach tomorrow. The new Topgolf will be the Dallas-based operator’s 10th outdoor location in Florida and its first on the state’s Emerald Coast. The property is situated along Powell Adams Drive near Panama City Beach Parkway and adjacent to Pier Park. The venue will employ between 275 and 300 staffers and feature 74 outdoor climate-controlled hitting bays spanning two levels, each furnished with lounge-type couches or high-top tables. The Topgolf will also feature a full-service bar and restaurant, outdoor patio with lawn games and a 22-foot video wall with more than 140 HDTVs.
SPRINGFIELD, VA. — PREIT has closed on a $150 million loan for Springfield Town Center, a mixed-use redevelopment of the former Springfield Mall in Northern Virginia. The property includes more than 1 million square feet of retail space, including a 32,000-square-foot LEGO Discovery Center that opened in 2023. Other tenants include Build-A-Bear, Burger King, Chuy’s, Dave & Buster’s, Dick’s Sporting Goods, Finish Line, Five Below, H&M, Hot Topic, JC Penney, LA Fitness, Macy’s, Maggiano’s, Nordstrom Rack, Regal Cinema, Sephora, Toys “R” Us and Target, among others. Springfield Town Center will also include a 460-unit apartment community that is underway, along with a hotel and public park. The property will also house another 400 apartments that are in the planning stages and expanded parking that will have skybridge connectivity between the development’s various components. Goldman Sachs and Barclays Bank were the lead lenders for the five-year loan, which features interest-only payments and a fixed interest rate of 7.1 percent. With the new financing, PREIT expects to realize more than $5.1 million in annual interest savings.
MIAMI — Walker & Dunlop has arranged an $87.3 million loan for the refinancing of 2000 Biscayne, a new 36-story apartment tower in Miami. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Dustin Stolly, Jordan Casella, Christopher de Raet and Stanley Cayre of Walker & Dunlop’s New York City capital markets team arranged the financing on behalf of the borrower, a joint venture that includes Kushner Cos. and PTM Partners. Corebridge Financial provided the loan. The 420-unit property comprises 75 studios, 204 one-bedroom, 129 two-bedroom and 12 three-bedroom apartments. Amenities include coworking spaces, community dining areas, a fitness center with locker rooms, spa, game room, children’s play area, pet spa and a dog park. 2000 Biscayne was 75 percent leased at the time of financing, a little more than a year after Kushner and PTM Partners began preleasing.
NEW YORK CITY — Newmark has arranged a 30,000-square-foot office lease at 1185 Avenue of the Americas in Midtown Manhattan. The tenant, SURMOUNT, a commercial real estate services company focused on net-leased assets, will relocate from 275 Madison Avenue to the entire 30th floor of the building. David Falk, Jason Greenstein and Justin Pollner of Newmark represented the tenant in the lease negotiations. Newmark’s Brian Waterman, Scott Klau, Brent Ozarowski, Kevin Sullivan and David Waterman, alongside internal agents Howard Tenenbaum and Gary Rosen, represented the landlord, SL Green.