Tuesday, July 28, 2026
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AcquisitionsFloridaMultifamilySoutheast

Radco Sells Multifamily Community in Tampa for $42.8M

by Alex Tostado

TAMPA, FLA. — The Radco Cos. has sold Mabry Manor, a 372-unit multifamily community in Tampa, for $42.8 million. The property offers studio, one- and two-bedroom floor plans. Communal amenities include a pool, sundeck, fitness center, clubhouse, fishing lakes with floating deck and fishing pier, coffee bar, laundry facilities and a business center. Radco acquired the asset in 2016 for $20.1 million. The asset is located at 4902 N. Macdill Ave., five miles northwest of downtown Tampa in the Northwest Tampa submarket. TLR Group acquired the community. Jason Stanton and Cole Whitaker of Berkadia represented the seller in the transaction.

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AcquisitionsFloridaMultifamilySeniors HousingSoutheast

Fairstead Acquires Low-Income Seniors Housing Community in Boca Raton

by Alex Tostado

BOCA RATON, FLA. — Fairstead has acquired Gould House, a 101-unit Section 8 seniors housing community in Boca Raton. The property is located on the Jewish Federation of South Palm Beach County Campus. While the seller and price were not disclosed, Fairstead did unveil plans for a $6 million rehabilitation of the entire complex. The project will include new kitchens, baths, lighting, HVAC, flooring and windows for all apartments, as well as common area improvements to the security systems, grounds, lobbies, community room and management office. Fairstead financed the acquisition through the issuance of federal Low-Income Housing Tax Credits (LIHTC) and tax-exempt bonds from the Housing Finance Authority of Palm Beach County. The Freddie Mac lender/bond purchaser in the transaction was Berkadia Commercial Mortgage LLC, and the LIHTC investor was Regions Affordable Housing LLC.

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Sedona-Apartments-Abilene
LoansMultifamilyTexas

NKF Provides Freddie Mac Loan for Refinancing of 498-Unit Sedona Apartments in Abilene

by Taylor Williams

ABILENE, TEXAS — Newmark Knight Frank (NKF) has provided a Freddie Mac loan of an undisclosed amount for the refinancing of Sedona, a 498-unit apartment community located in the West Texas city of Abilene. The garden-style property was built in phases in the mid-1970s. Units feature stainless steel appliances, hardwood flooring, walk-in closets and patios or balconies. Amenities include two pools, a playground, fitness center, sports court, dog park and onsite laundry facilities. Braden Harmon and Hank Glasgow of NKF originated the loan on behalf of the borrower, CapX Ventures LLC.

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2901-Kinwest-Parkway-Las-Colinas
DevelopmentOfficeTexas

Sunwest to Redevelop 160,000 SF Office Building in Irving’s Las Colinas District

by Taylor Williams

IRVING, TEXAS — Sunwest Real Estate Group will redevelop 2901 Kinwest Parkway, a 160,000-square-foot office building in Irving’s Las Colinas district. The project will upgrade the tenant lounge, which will now feature a café, as well as the lobby area, conference center and various exterior spaces. Entos Design is the project architect. Completion is slated for late 2020.

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AcquisitionsOfficeTexas

Brookfield Properties Acquires 95,440 SF Industrial Facility in West Dallas

by Taylor Williams

DALLAS — New York City-based REIT Brookfield Properties has acquired a 95,440-square-foot industrial facility that is situated on a 15.2-acre site at 4444 Irving Blvd. in West Dallas. The property features a 57,000-square-foot terminal with 118 doors and ample car and trailer parking space. A national transportation company fully leases the asset, according to Brookfield. The seller was not disclosed.

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Leasing ActivityRetailSoutheastTennessee

Washington Prime Signs Chipotle, Chicken Salad Chick to Leases at Mall at Johnson City in Tennessee

by Alex Tostado

JOHNSON CITY, TENN. — Washington Prime Group (WPG) has signed Chipotle Mexican Grill and Chicken Salad Chick to the tenant roster of The Mall at Johnson City, a mall in Johnson City that is currently being redeveloped. The two eateries are expected to open in spring 2021. Other new and committed tenants include HomeGoods, which will replace the former Sears department store; Palmetto Moon, a Southern apparel retailer that opened in June; and Rose & Remington and Curve & Cloth, which are set to open next spring. WPG is renovating the interior common areas and exterior entrances, which will include aesthetic upgrades such as new seating, lighting, flooring and finishes. Existing tenants at the mall include Belk, Build-A-Bear Workshop, Champs Sports, Chick-fil-A, Dick’s Sporting Goods, Forever 21, GameStop, Hot Topic, JC Penney, Ulta Beauty and Victoria’s Secret. WPG reopened the mall in early May following a temporary shut down due to the COVID-19 outbreak.

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IndustrialLeasing ActivityTexas

NAI Partners Negotiates 20,000 SF Industrial Lease Renewal in Metro Houston

by Taylor Williams

STAFFORD, TEXAS — NAI Partners has negotiated a 20,000-square-foot industrial lease renewal at 10101 Stafford Centre Drive in the southwestern Houston suburb of Stafford. Chris Caudill of NAI Partners represented the undisclosed landlord in the lease negotiations. Jarret Venghaus of JLL represented the tenant, educational software provider Intelliworks LLC.

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DevelopmentMixed-UseMultifamilyOfficeRetailWashingtonWestern

EJF Capital, Holland Partner Group Plan Block 10 Mixed-Use Project in Downtown Vancouver

by Amy Works

VANCOUVER, WASH. — EJF Capital and Holland Partner Group (HPG) are developing Block 10, a mixed-use property located in downtown Vancouver. Situated on a one-acre opportunity zone, the project will feature 110 apartments, 79,000 gross square feet of office space on top of a podium deck with roughly 10,100 square feet of retail space and 113 parking spaces. Twenty percent of the multifamily units will be set aside as workforce housing. Building amenities, which will be shared between office users and residents, will include a fitness center, co-working space, bike room and amenity deck on the third level. Holland Construction, HGP’s construction division, expects to break ground this month, with completion slated for spring 2022. Bank of the West is providing construction financing for the development.

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Crossroads-Deer-Valley-Phoenix-AZ
AcquisitionsArizonaRetailWestern

NKF Arranges $5.8M Sale of Crossroads at Deer Valley Retail Center in Phoenix

by Amy Works

PHOENIX — Newmark Knight Frank (NKF) has brokered the sale of Crossroads at Deer Valley Plaza, a shopping center located at 1838 W. Bell Road in Phoenix. An investment group led by Jeff Geyser sold the property to an undisclosed buyer for $5.8 million. The transaction includes the retail center and two billboards. Built in 2008 and remodeled in 2018, Crossroads at Deer Valley Plaza is fully occupied by a variety of tenants, including Eyeglass World, Wing Stop, L.A. Insurance, Royal Vapor, Cricket and DC Dental. Jesse Goldsmith, Steven Julius and Chase Dorsett of NKF represented the seller in the transaction. Jason Fessinger and Kalen Rickard of Western Retail Advisors represented the buyer.

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SanTico-Las-Vegas-NV
DevelopmentIndustrialNevadaWestern

Brass Cap Development Completes 40,000 SF SanTico Industrial Facility in Las Vegas

by Amy Works

LAS VEGAS — Brass Cap Development has completed the construction of SanTico, an industrial property located at the intersection of South Rainbow Boulevard and West Sunset Road in southwest Las Vegas. Situated on 2.5 acres, SanTico features 40,000 square feet of mid-bay industrial space that is divisible to two 20,000-square-foot buildings. Each building features two dock-high doors, one grade-level loading door, 24-foot clear heights, an ESFR fire suppression system, 277/480 volt, 800 amp and three-phase, as well as four wire service. LM Construction handled design, planning and construction of the property, which is located at 6825 W. Teco Ave.

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