RHOME, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 136,400-square-foot warehouse in Rhome, located north of Fort Worth. According to LoopNet Inc., the building at 240 Tiger Drive was completed in 2023 and features 36- to 46-foot clear heights, 18 dock-high doors, 10 grade-level doors and 5,100 square feet of office space. Mark Boone and Sarah LanCarte of LanCarte Commercial represented the seller in the transaction. Forrest Cook and Ryan Vaughn of Stream Realty Partners represented the buyer. Both parties requested anonymity.
GEORGETOWN, TEXAS — Disney Investment Group, a Dallas-based brokerage firm, has arranged the sale of Republic Square, a 113,772-square-foot shopping center located in the northern Austin suburb of Georgetown. Built in 1986, Republic Square is home to 34 tenants, including Harbor Freight, Dollar Tree, Starbucks, Chipotle, Pizza Hut, One Main Financial and Subway. David Disney and Adam Crockett of Disney represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HOUSTON — Logistics company Yzer has signed a 28,844-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 7170 W. 43rd St. was completed in 1997 and totals 210,464 square feet. Jeremy Lumbreras and Garret Geaccone of Stream Realty Partners represented the landlord, Prologis, in the lease negotiations. Nathan Smith of Austin Tenant Advisors represented Yzer.
ATHENS, GA. AND BATON ROUGE, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of a two-property student housing portfolio totaling 1,188 beds in Georgia and Louisiana. The transaction included The Lodge of Athens, a 480-bed property serving students attending the University of Georgia; and Wildwood Baton Rouge, a 708-bed community located near Louisiana State University. Peter Katz of IPA — in association with Steve Greer and John Leonard of Marcus & Millichap — represented the seller, a joint venture between Alden Street Capital and an undisclosed institutional partner, and procured the buyer, Pumphouse Residential Group, in the transaction.
TAMPA, FLA. — Related Urban, the affordable housing division of Related Group, has broken ground on Residences at East End, a 174-unit affordable housing community located at 5709 N. 47th St. in Tampa. Public partners City of Tampa and Tampa Housing Authority (THA) joined Related Urban at the groundbreaking ceremony held Wednesday, Oct. 22. Situated on Tampa’s east side, Residences at East End will be funded through Section 8 project-based vouchers and low-income housing tax credits (LIHTC), with funding sources including Fifth Third Bank and Raymond James. The project represents a total capital investment of $68.6 million. The community will offer two-bedroom apartments reserved for households earning 22 percent to 80 percent of the area median income (AMI). Amenities will include a standalone clubhouse, dog park, picnic areas, a pocket park and a fitness center. Construction is expected to be completed by the end of 2026.
CAPE CORAL, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $14 million loan for the refinancing of a 1,016-unit self-storage facility located at 1111 S.W. Pine Island Road in Cape Coral, a southwest Florida city near Naples. Operated by CubeSmart, the 137,900-square-foot property features a wide range of climate-controlled units and moving supplies for tenants. Doug Brooks of MMCC arranged the loan through an unnamed local bank on behalf of the borrower, Island Estate Group, a real estate investment company that operates in Florida, New York, Georgia and South Carolina. The five-year loan was underwritten with a 25-year amortization schedule, 60 percent loan-to-value ratio and 18 months of interest-only payments.
CHESAPEAKE, VA. — Chapel Hill, N.C.-based Prudent Growth Partners has acquired Castle Shops, a 37,309-square-foot retail strip center located in Chesapeake, for $5.4 million. Dollar Tree anchors the two-building property, which was fully leased at the time of sale. Additional tenants include CHKD Thrift Store, Boost Mobile and Liberty Tax. Jeff Fritz and Jay O’Donnell of Colliers represented the seller in the transaction. George Fox, also with Colliers, served as the leasing agent at Castle Shops.
ELIZABETH, W.VA. — Cambridge Realty Capital has provided a $4.3 million HUD 223(f) loan for the refinancing of Elizabeth Care Center, a 36-bed skilled nursing facility located at 83 Little Kanawha Parkway in Elizabeth. The lender used HUD’s new Express Lane program, which facilitated the loan to receive its firm commitment to be accepted 18 days after submission. The borrower was not disclosed, but Coplin Health Systems announced that it sold Elizabeth Care Center to the operator, Providence Health Group, in late 2024.
WORCESTER, MASS. — A partnership between affordable housing owner-operator Jonathan Rose Cos. and local developer Schochet Cos. has acquired Plumley Village, a 430-unit community in Worcester. Plumley Village was originally developed in 1970 and rehabilitated in 2005. About 80 percent (342) of the residences are rent-subsidized as project-based Section 8 housing, and the remainder are rent-restricted under a Low-Income Housing Tax Credit land use regulatory agreement with MassDevelopment. Amenities include a community room, business center, convenience store, food pantry, laundry facilities, basketball court, playgrounds and a community garden. The Boys & Girls Club occupies the property’s ground-floor retail space. The seller was The Community Builders.
NEW YORK CITY — Affinius Capital has provided a $36 million loan for the refinancing of 1885 Atlantic Avenue, an 89-unit apartment building in Brooklyn. The property is located in the Stuyvesant Heights neighborhood and offers studio, one-, two- and three-bedroom units. According to StreetEasy, amenities include a fitness center, rooftop deck, media room, package room and onsite laundry facilities. Henry Bodek of Galaxy Capital arranged the loan on behalf of the borrower, New York-based developer The Jay Group, which will also use proceeds to fund leasing costs.