COLUMBIA, MO. — Coil Construction has broken ground on the expansion of the corporate headquarters for EquipmentShare.com Inc. (Nasdaq: EQPT), a construction technology and equipment rental company based in Columbia. The new 70,000-square-foot, two-story facility will provide space for up to 300 team members. Designed to foster collaboration and efficiency, the building will feature an executive business center, multi-purpose large meeting and event spaces, and a full-service corporate cafeteria. This expansion provides the physical room required to fulfill EquipmentShare’s previously announced commitment of bringing 500 new jobs to the region. Built with sustainability in mind, the facility is designed to accommodate photovoltaic solar panels and electric vehicle charging installations. Upon completion of the facility, EquipmentShare’s main corporate campus will encompass three facilities totaling 170,000 square feet. The campus sits near the company’s original equipment rental branch and its central distribution center, which supplies parts, technology and consumables to customers and over 430 EquipmentShare locations nationwide. EquipmentShare maintains more than 15 rental, R&D and corporate facilities operating statewide. Construction of the new facility is expected to be completed in mid-2028, with a formal grand opening event to follow.
DALLAS — Dallas-based investment firm Ridgeline Capital Partners has acquired a portfolio of four medical office buildings totaling 117,433 square feet in Texas. One building is located in the eastern Austin suburb of Bastrop, and the other three are scattered across the Houston-area cities of Montgomery, Conroe and Huntsville. The buildings were constructed between 2004 and 2010 and are home to tenants such as CHI St. Luke’s Health, Liberty Dialysis, North Pines Surgery Center and RapidCare Emergency Room. Occupancy was 86 percent at the time of sale. The seller and sales price were not disclosed.
SAN MARCOS, TEXAS — Buc-ee’s has opened a 74,000-square-foot travel center in San Marcos, located roughly midway between Austin and San Antonio. The facility at 3245 N. I-35 features 128 fueling positions and is expected to account for the creation of more than 200 new jobs within the local economy. A ribbon-cutting ceremony took place on Wednesday, Aug. 12. Buc-ee’s, which is based in the Houston area, now operates 36 travel centers throughout Texas.
HOUSTON — Colliers has brokered the sale of Northwest Technical Center, an industrial complex in northwest Houston that according to LoopNet Inc. was built in 1975 and totals 32,442 square feet. Ben Condara and Jon Lindenberger of Colliers represented the undisclosed seller in the transaction. The buyer, local investment firm Pine Ridge Real Estate, plans to make both interior and exterior capital improvements to the property and has also retained Colliers as the leasing agent.
PERTH AMBOY, N.J. — Kurv, the industrial development and investment firm formerly known as Bridge Industrial, is underway on construction of a 471,231-square-foot project in the Northern New Jersey community of Perth Amboy. Kurv Perth Amboy III will feature a clear height of 40 feet, 69 exterior docks, two drive-in doors, 2,550 square feet of office space and parking for 243 cars and 120 trailers. The groundbreaking took place over the summer, and the space is expected to be available for occupancy early next year. CBRE is marketing the building for lease.
NEW YORK CITY — JLL has negotiated the $31 million sale of Kingswood Center, a 226,130-square-foot mixed-use property in Brooklyn’s Midwood neighborhood. Kingswood Center is a three-story building that includes retail space that is anchored by T.J. Maxx in addition to a 257-space parking garage. Ethan Stanton, Michael Mazzara and Brendan Maddigan of JLL represented the seller, Midland Loan Services, in the transaction. Scott Aiese and Alex Staikos, also with JLL, arranged acquisition financing on behalf of the buyer, Bridges Development Group.
NEW YORK CITY — Marcus & Millichap has brokered the $16.6 million sale of 312 Bowery, a 22-unit apartment building in Manhattan’s NoHo neighborhood. The five-story building, which includes a 3,900-square-foot commercial space that is leased to an art gallery, was originally constructed in 1920 and converted to residential use in 2004. John Stewart and Dylan Torey of Marcus & Millichap represented the seller, Bremen House Inc., in the transaction and procured the buyer, Allied Realty & Development Corp.
DURHAM, N.H. — Gilbane is nearing completion of a 70,500-square-foot civic project at the University of New Hampshire, located in Durham near the Maine border. Designed by Stantec, the building will house the Center of Excellence for Operational Ocean and Great Lakes Mapping, as well as the John Olson Advanced Manufacturing Center, and will support research, applied training and technical assistance within those industries. A beam-signing ceremony took place in mid-July, and the facility is expected to be fully complete next fall.
NEWPORT NEWS, VA. — Merchants Capital has arranged $97.8 million in financing for the rehabilitation of Stuart Gardens, a 491-unit affordable housing property located in Newport News. Merchants Capital secured a $62.8 million HUD 221(d)(4) loan and $35 million in equity bridge loans provided by Merchants Bank, an affiliate of Merchants Capital. Stuart Gardens’ capital stack also includes low-income housing tax credit (LIHTC) equity, federal and state historic tax credits and Green and Resilient Retrofit Program (GRRP) financing via HUD for energy efficient improvements. The current owner and developer, Vitus Group, is leading the rehabilitation of the property, which will include exterior improvements like a new playground, connections to an adjacent park and walking path, and fresh roofing, siding and exterior doors and windows. In-unit repairs will include the replacement of existing flooring, updated appliances, new kitchen cabinetry and updated bathrooms. Stuart Gardens comprises 109 two-story buildings. All residential units are reserved for families earning 60 percent of the area median income (AMI) under a Section 8 Housing Assistance Payment (HAP) contract. Built in 1941 by the Defense Homes Corp. during World War II, the property has been designated as a historic property by the Virginia Board of Historic Resources. Upon …
ALEXANDRIA, VA. — A public-private partnership between Fairstead, Harkins, Alexandria Redevelopment and Housing Authority (ARHA) and The Communities Group has topped out the $120 million redevelopment of Old Town Alexandria’s historic Samuel Madden public housing complex. Upon completion, the six-story, 295,000-square-foot mixed-use project will feature 207 affordable housing residences reserved for families earning between 30 and 80 percent of the area median income (AMI). As part of the building initiative, the project includes efforts to record and preserve the stories of current and former residents, with a goal of capturing at least 10 oral histories. Key archaeological findings will be showcased in brochures and interpretive signage across the community. Planned for completion in 2027, the project will feature community gathering spaces, a new neighborhood food hub operated by ALIVE!, as well as other amenities designed to support residents and the broader Alexandria community like a new creative studio for podcast recording, a game room with free high-speed internet access, an interior courtyard and energy- and water-efficient design strategies developed in partnership with the Virginia Center for Housing Research at Virginia Tech.