COLLEGE STATION, TEXAS — Texas-based Sodalis Senior Living will build Sodalis College Station a 73,777-square-foot assisted living and memory care community that will be located less than three miles from Texas A&M University. The number of units was not disclosed, but the property will offer a mix of one-bedroom and studio residences. The official groundbreaking will take place on Wednesday, Oct. 24, and the opening is slated for late 2019.
RICHMOND, TEXAS — Sporting goods provider Slater Sports LLC has sold 727 Plantation Drive, a freestanding, 62,132-square-foot industrial asset located in Richmond, a southwestern suburb of Houston. Burdette Huffman and Josh Jacobs of EDGE Realty Capital Markets represented Slater Sports in the transaction. Other terms of sale were not disclosed.
AUSTIN, TEXAS — Coworking firm Spaces will open a 53,000-square-foot space at 501 Congress Ave. in downtown Austin. Kelly Woodruff and Mike Cleary of CBRE represented Spaces in the lease negotiations. Brent Powdrill of JLL represented the landlord, AFIAA U.S. Investment Inc. The space, which is the company’s first in Austin, will officially open during the third quarter of 2019. Spaces is a brand owned by Regus PLC, a Luxembourg-based coworking office operator with more than 3,000 business centers in 120 countries.
CEDAR KNOLLS, N.J. — HFF has brokered the sale of a 120,000-square-foot office building in Cedar Knolls. Located at 240 Cedar Knolls Road, the four-story property is situated on 14 acres and is approximately two miles from downtown Morristown. HFF represented the seller, MB1 Capital Partners, in the transaction. The buyer was Highstone Equity Group. The building is currently 78 percent leased to a tenant roster that includes JAG Physical Therapy and P Value Communications.
NASHVILLE, TENN. — AllianceBernstein (AB), a global investment firm with approximately $500 billion in assets under management, has selected Fifth + Broadway, a 6.2-acre mixed-use project in downtown Nashville, as its global headquarters. AB has leased 205,000 square feet at 501 Commerce, Fifth + Broadway’s Class A office tower. The company will occupy floors 18 to 25, the top floors of the tower. AB’s staff will have 360-degree views of Nashville’s Central Business District, Lower Broadway and the Cumberland River. AB announced in May 2018 that it would relocate its global headquarters to Nashville. The company expects to complete all phases of its move by 2024, bringing approximately 1,050 corporate office jobs. OliverMcMillan Spectrum | Emery LLC (OM-SE) is developing Fifth + Broadway, which is slated to open by mid-year 2020. The project also includes the 55,000-square-foot National Museum of African American Music; 200,000 square feet of entertainment and retail space, including a flagship H&M, multi-story food hall from The Food Hall Co. and Shake Shack; and 386 residential units. Neil Goldmacher, Brian Goldman and Jared Horowitz of Newmark Knight Frank and Kim Moore with Newmark Knight Frank’s Incentive Group represented AB in the lease transaction. Rob Lowe and Stewart …
NEW YORK CITY — Marcus & Millichap has negotiated the $6.7 million sale of a 14,000-square-foot development site in the Red Hook neighborhood of Brooklyn. Located at 153-161 Van Dyke St., the property includes 140 feet of frontage on Van Dyke Street. Jakub H. Nowak, Matthew Rosenzweig and Jesse Kay of Marcus & Millichap represented the seller, a private investor, in the transaction. The buyer was also a private investor.
DALLAS — Marcus & Millichap has arranged the sale of a 50,708-square-foot industrial/flex property located at 13335 Floyd Circle in Dallas. Cody Payne and Wayne Bares of Marcus & Millichap represented the seller, a private investor, in the transaction. Payne procured the buyer, also a private investor. The property, which drew more than 15 offers and sold at list price, was 100 percent leased at the time of sale.
MONTGOMERY, ALA. — Montgomery-based Foshee Residential Management Co. is developing The Historic Bell Lofts, the only high-rise loft development in Montgomery. The mixed-use redevelopment will feature 88 luxury lofts and several thousand feet of ground-floor commercial space. The building was once home to The Beauvoir Club, which later merged with the Montgomery County Club. Other previous tenants include Alabama Power Co., Algernon Blair Construction Co., doctors offices, law firms, construction companies and other businesses. Preleasing for will begin at 5:00 p.m. on Monday, Oct. 22, and the property is slated for completion in spring 2019.
CHARLOTTE — Morgan Bond Co. has opened Inspire Southpark, an apartment development in Charlotte’s SouthPark neighborhood. Morgan Bond Co. is a joint venture between Chicago-based Bond Cos. and La Jolla, Calif.-based Morgan Holdings. Designed by Kathy Andrews Design, the 369-unit property features one- and two-bedroom apartment units in a mix of layouts ranging from 621 square feet to 2,032 square feet. Rents start at $1,300 for studio units and range to $4,225 for three-bedroom units. All residences feature open-concept floor plans with oversized windows, nine-foot ceilings, high-end finishes and fixtures, wood cabinetry, custom walk-in closets, frameless shower doors, Nest thermostats and keyless door entry. Community amenities include The Clubhouse with a demonstration kitchen and party room; The Morrison private dining room; Inspire Society Social Hall, a gaming center; The Lounge, a club-inspired gathering space with a golf simulator, poker table and TV; Groomingdale’s, a pet spa managed by The Dog Salon; Happy Tails, an indoor doggy daycare; and two dog parks. Additional amenities include the Inspire Fitness and Wellness Center; an outdoor yoga studio; spa with sauna, nail and massage services; the Grand Lawn with a 25-meter pool with sundeck, grilling stations, a pizza oven and fire pits; Sprockets bike …
WINDSOR, CANADA — Detroit-based Quicken Loans and its family of affiliated companies has unveiled plans to open a new office location in the historic Old Fish Market Building in downtown Windsor, Ontario. The expansion into Canada will enable Quicken Loans to recruit top talent from Windsor, Toronto and Waterloo to support the growing need for additional technology talent, according to the company. Quicken Loans will lease more than 9,000 square feet of office space at the building, which is undergoing renovations that are expected to be completed in the first half of 2019. The company plans to grow the office to more than 100 tech workers.
