Thursday, May 8, 2025
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EightyOne-10-Blue-Goose-Manor-Texas
AcquisitionsMultifamilyTexas

American Landmark Acquires 300-Unit Apartment Community in Manor, Texas

by Taylor Williams

MANOR, TEXAS — Tampa-based investment firm American Landmark Apartments has acquired Alta Blue Goose, a 300-unit multifamily community in Manor, a northeastern suburb of Austin. Built in 2023, the community offers studio, one-, two- and three-bedroom units and amenities such as private work offices and conference rooms, a pool, fitness center and a clubroom. American Landmark plans to rebrand the property as EightyOne 10 Blue Goose. The seller was not disclosed, but Alta is the brand of Atlanta-based multifamily developer Wood Partners.

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DevelopmentMultifamilySeniors HousingTexas

Thrive Senior Living, Orison Holdings Break Ground on 75-Unit Project in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Thrive Senior Living and Orison Holdings has broken ground on Encore at Heritage-Glen, a 75-unit seniors housing project that will be located in the Alliance submarket of North Fort Worth. Arrive Architecture Group designed the property, which will feature 50 assisted living units and 25 memory care units. The groundbreaking of Encore at Heritage-Glen follows closely behind the announcement of the International at Aventura, Thrive Senior Living’s latest development in Florida.

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IndustrialLeasing ActivityTexas

Southwest Networks Signs 12,888 SF Industrial Lease Near DFW Airport

by Taylor Williams

IRVING, TEXAS — Southwest Networks Inc. has signed a 12,888-square-foot industrial lease near Dallas-Fort Worth International Airport in Irving. The provider of cable communication services is relocating from nearby Grand Prairie to Las Colinas Distribution Center 5, an 80,900-square-foot building that was originally built in 1981. Maddy Coffman and Canon Shoults of Holt Lunsford Commercial represented the tenant in the lease negotiations. Bradford Commercial Real Estate Services represented the landlord.

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Leasing ActivityRestaurantRetailTexas

Poag Development Welcomes Four New Tenants to Metro Houston Shopping Center

by Taylor Williams

KATY, TEXAS — Poag Development Group has welcomed four new tenants to LaCenterra at Cinco Ranch, an open-air shopping center located in the western Houston suburb of Katy. Houston TX Hot Chicken leased 4,065 square feet and is now open for business. Fidelity Investments (8,000 square feet), The Salty Donut (1,329 square feet) and Chewy Vet Care (3,002 square feet) are all scheduled to open before the end of the year. JLL represented ownership in all four sets of lease negotiations.

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DevelopmentFloridaSoutheastStudent Housing

Joint Venture Breaks Ground on 674-Bed Student Housing Community Near Florida State University

by John Nelson

TALLAHASSEE, FLA. — A joint venture partnership between Portman, 908 Group, Canyon Partners Real Estate and PTM Partners has broken ground on The Hall, a 674-bed student housing development located near Florida State University in Tallahassee. The property is scheduled for completion in spring 2026. The development site is located within a Qualified Opportunity Zone across from Legacy Hall, the future home of the university’s FSU College of Business. The community will offer 191 units across two mid-rise buildings. Shared amenities will include a rooftop swimming pool and a high-end fitness center. The development will also feature 7,689 square feet of ground floor retail space and 452 parking spaces. The joint venture recently secured $73.3 million in construction financing from Pacific Life Insurance Co. for the project. TSB Capital Advisors acted as financial advisor to Portman and 908 Group in the deal. The development team for The Hall includes general contractor Favergray.

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AcquisitionsAffordable HousingDevelopmentGeorgiaHospitalityMultifamilySoutheast

Bull Realty Brokers Sale of Hotel in Atlanta’s Summerhill Neighborhood, Buyer Plans Affordable Housing Conversion

by John Nelson

ATLANTA — Andy Lundsberg and Michael Wess of Bull Realty have brokered the sale of a former Ramada Plaza hotel located at 450 Hank Aaron Drive in Atlanta’s Summerhill neighborhood. The Atlanta Housing Authority (AHA) purchased the 406-room, 246,000-square-foot hotel for nearly $17.5 million. AHA plans to convert the property into an affordable housing community and recently issued a request for proposal (RFP) from private developers. Current permits for the 3.3-acre site allow for the development of 260 apartments with 33,000 square feet of retail space.

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GeorgiaIndustrialLeasing ActivitySoutheast

Colliers Arranges 215,822 SF Industrial Lease in Newnan, Georgia

by John Nelson

NEWNAN, GA. — Colliers has arranged a 10-year, full-building lease at Scout 85 Logistics, a 215,822-square-foot industrial building situated within Coweta Industrial Park in Newnan, a southwest suburb of Atlanta. Andrea Hopper and Jimmy Cohoat of Colliers’ Indianapolis office, along with Scott Plomgren of the firm’s Atlanta office, represented the tenant, Integrated Distribution Services (IDS), in the lease transaction. The landlord is Miami-based Scout Cold Logistics. Situated at 495 Coweta Industrial Parkway, the property offers proximity to the CSX Palmetto Industrial Facility and Hartsfield-Jackson Atlanta International Airport for IDS, a third-party logistics provider.

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AcquisitionsMississippiSelf-StorageSoutheast

Marcus & Millichap Closes Sale of 314-Unit Self-Storage Facility in Columbus, Mississippi

by John Nelson

COLUMBUS, MISS. — Marcus & Millichap has closed the sale of Friendly City Mini Warehouses, a 314-unit self-storage property located on a 3.3-acre site at 7627 Highway 45 N in Columbus. Phase II of the property is currently in lease-up. Matthew Porter of Marcus & Millichap’s Memphis office represented the seller, Peter Imes, in the sale. The buyer and sales price were not disclosed. Mickey Davis, Marcus & Millichap’s broker of record in Mississippi, assisted in closing the transaction. Built in 2022 and expanded earlier this year, Friendly City Mini Warehouses features 163 climate-controlled units and 145 non-climate-controlled units across 47,720 net rentable square feet. The facility, which was 91 percent leased at the time of sale, features 24-hour digital surveillance and gated entry with coded access.

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17215-W-Camelback-Rd-Goodyear-AZ
ArizonaDevelopmentIndustrialWestern

ViaWest Completes 599,351 SF Sub-Zero Warehouse Facility in Goodyear, Arizona

by Amy Works

GOODYEAR, ARIZ. — Phoenix-based ViaWest Group has completed the development of a manufacturing and warehouse facility in Goodyear for kitchen appliance manufacturer Sub-Zero Group. Situated on 36.4 acres at 17215 W. Camelback Road, the 599,351-square-foot property features ultra-high-efficiency HVAC units and 34 truck bays. The warehouse is Sub-Zero’s third facility in the West Valley market. Scottsdale Investment Management is the partner on the industrial build-to-suit project. DLR Group served as architect, Kimley-Horn provided engineering services and Willmeng Construction led the building team.

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AcquisitionsCaliforniaMixed-UseOfficeRestaurantRetailWestern

BH Properties Acquires 405,250 SF Mixed-Use Hazard Center in San Diego’s Mission Valley

by Amy Works

SAN DIEGO — BH Properties has purchased Hazard Center, a mixed-use campus in San Diego’s Mission Valley submarket, for an undisclosed price. Adam Edwards, Justin Shepherd, Michael Kathrein and Bailey Bland of Eastdil Secured represented the undisclosed seller in the transaction. Situated on 14.5 acres, Hazard Center consists of a 15-story, 270,000-square-foot office tower that was completed in 1990 and a more than 135,000-square-foot retail component that was completed in 1989. The office tower is more than 77 percent leased to long-tenured tenants. Current retail tenants include Barnes & Noble, Orangetheory Fitness, BJ’s Brewhouse, Wood Ranch BBQ & Grill, Which Wich Superior Sandwiches and FedEx Office.

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