LAREDO, TEXAS — A partnership between Realterm, a Maryland-based investment manager focused on the transportation industry, and Chicago-based Stotan Industrial has broken ground on a 25.8-acre industrial outdoor storage (IOS) facility in the Rio Grande Valley city of Laredo. The site will have a 19,710-square-foot maintenance building with seven drive-thru bays and one drive-in bay, as well as a 2,250-square-foot office space that is expandable to 3,375 square feet. Construction is slated for a mid-2026 completion.
KYLE, TEXAS — EōS Fitness will open a 40,000-square-foot gym in Kyle, located south of Austin. The Dallas-based operator is taking space at Kyle Park, a development located at the junction of I-35 and Bebee Road. Rise Commercial Partners represented EōS Fitness in the lease negotiations. The landlord, Houston-based NewQuest, was self-represented. The opening is set for 2027.
DALLAS — A partnership between two locally based firms, Leone Real Estate Partners and Lampasas Partners, has purchased a 24,942-square-foot warehouse in the Valwood area of North Dallas. The property features 14- to 24-foot clear heights, two dock-high loading doors, two grade-level loading doors, 4,100 square feet of office space and one acre of fenced outdoor storage space. The seller and sales price were not disclosed.
PHOENIX AND TEMPE, ARIZ. — BKM Capital Partners has acquired a portfolio of eight light industrial buildings in Phoenix and Tempe from an affiliate of Equus Capital Partners Ltd. for $167.8 million. The portfolio features 889,352 square feet spread across 46 buildings. Rusty Kennedy, Joe Cesta and Darla Longo of CBRE represented the seller in the deal. The portfolio includes: The properties offer a range of unit sizes, providing leasing flexibility.
SOUTH SALT LAKE, UTAH — Northmarq has arranged a $38 million loan on behalf of SSLC Multifamily-Parking LLC for the refinancing of Bowers Residences, an apartment community located at 55 W. Utopia Ave. in South Salt Lake. John Bradshaw, Nate Barnson, Bracken Ostler and Adam Bradshaw of Northmarq arranged the permanent fixed-rate financing on behalf of the borrower through a relationship with New York Life. Built in 2023, Bowers Residences offers 236 studio, one-, two- and three-bedroom layouts, a fitness center with a bouldering wall and a yoga/spin studio, a spa, private rooftop lounge and courtyard with games and grills, and a coworking space with a rentable clubroom and kitchen.
HOUSTON — Three new tenants have debuted at East River, a 150-acre mixed-use development in Houston by Midway. Ayna Jewels and Tomi Jewelry have opened boutique stores that span 1,600 square feet and 880 square feet, respectively. In addition, the Houston Maritime Center & Museum, which feature exhibits, artifacts and interactive displays within a redeveloped space overlooking the Buffalo Bayou Park, is now open.
PINOLE, CALIF. — Step Up Housing has purchased Bayside Apartment Homes at 530 Sunnyview Drive in Pinole. Sack Capital Partners and Align Finance Partners arranged structured financing for the acquisition. Additionally, Sack will provide asset and property management for the 148-unit affordable housing community. Originally built in 1974 and renovated in 2017, Bayside features two- and three-bedroom apartments near the shoreline of San Pablo Bay at Point Pinole Regional Shoreline. Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller in the transaction.
AVONDALE, ARIZ. — Trilogy Investment Co. has opened Rêv3 at Encanto West, a townhome build-to-rent community in Avondale. Developed with Cimbra Partners, Rêv3 at Encanto West offers 84 three-bedroom/two-and-a-half bathroom townhomes with open-concept layouts, chef-inspired kitchens with stainless steel appliances and granite countertops, luxury vinyl plank flooring, smart home technology, attached garages and private backyards. Community amenities include a resort-style pool with cabanas, a clubhouse with gathering spaces, a fitness center and outdoor grilling areas. The community is now leasing, with first residents expected this fall.
DENVER — Kaufman Hagan has arranged the sale of 3478 W. 32nd Avenue, a 3,043-square-foot, owner-user retail building in Denver’s Highlands Square. The asset traded for $1.8 million, or $591.52 per square foot. The names of the seller and buyer were not released. Zachary Bierman of Kaufman Hagan represented the seller in the deal.
CHICAGO — Waterton has acquired The Mason, a 263-unit, 14-story apartment building located at 180 N. Ada St. in Chicago’s Fulton Market district. The purchase price was nearly $90 million, according to CoStar. Units come in studio, one-, two- and three-bedroom layouts. Waterton plans to implement a light value-add program, including in-unit flooring upgrades and enhancements to common areas and amenity spaces. The Mason’s amenities include a rooftop deck, pool deck, fitness center, remote work space, a dog wash and dog run.