Wednesday, October 8, 2025
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Fountainhead-Tower-San-Antonio
AcquisitionsOfficeTexas

KBS Sells 179,932 SF Fountainhead Tower Office Building in Northwest San Antonio

by Taylor Williams

SAN ANTONIO — California-based investment firm KBS has sold Fountainhead Tower, a 179,932-square-foot office building in San Antonio. The building sits on a 5.6-acre site about 10 miles northwest of the downtown area. Amenities include a fitness center, conference facility, deli, outdoor gathering spaces and an onsite bank branch. Todd Mills of Cushman & Wakefield represented KBS, which implemented a multimillion-dollar capital improvement program at Fountainhead Tower in 2017, in the transaction. The buyer was a partnership led by Austin-based SynerMark Properties.

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AcquisitionsIndustrialTexas

Marcus & Millichap Brokers Sale-Leaseback of 105,000 SF Industrial Building in Harlingen, Texas

by Taylor Williams

HARLINGEN, TEXAS — Marcus & Millichap has brokered the sale-leaseback of a 105,000-square-foot industrial building in the Rio Grande Valley city of Harlingen. The building sits on 9.1 acres and features 10 dock-high doors and one grade-level door. Adam Abushagur, Ernesto Melgar Campos, Tyler Ranft and Davis Cagle of Marcus & Millichap represented the seller and occupant, packaging provider Bulk-Pack Inc., in the transaction. The team also procured the buyer, an undisclosed private investor.

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CivicData CentersDevelopmentGeorgiaIndustrialMixed-UseMultifamilyRestaurantRetailSoutheast

Hines, Aubrey to Develop 10 MSF Mixed-Use Campus in Suburban Atlanta

by John Nelson

BARTOW COUNTY, GA. — Hines and Aubrey Corp. plan to co-develop a new 10 million-square-foot mixed-use community in Bartow County, a northwest suburban node of Atlanta. The master-planned project, called Aubrey Village, will sit on 2,390 acres at the I-75 interchange with U.S. Route 411, which is located near multibillion-dollar plants underway for Hyundai-SK Battery and QCells. Once complete, the development will include new manufacturing, data center and logistics facilities, as well as a supermarket, shops, restaurants, hotels and a variety of residential properties that will accommodate 2,800 families. The industrial-zoned land spans 1,200 acres and will accommodate two industrial parks. Aubrey Village will also feature a network of trails, parks and walkways and a Bartow County public school. The project is projected to be completed over the next 10 to 12 years in several phases, with Hines expecting to break ground on the initial infrastructure later this year or in 2026. Jim Ramseur and Samantha Wheeler with Lee & Associates represented Aubrey Corp. in venture formation, and Ramseur Real Estate Advisors will act as the managing consultant for the co-developers’ commercial and residential parcels moving forward.

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Data CentersDevelopmentSoutheastVirginia

Avaio Digital Plans $5B Data Center Development in Farmville, Virginia

by John Nelson

FARMVILLE, VA. — Avaio Digital Partners has agreed to purchase 280 acres in Farmville to make way for a new $5 billion data center campus. The Connecticut-based data center developer and operator signed the land sale agreement with the Industrial Development Authority (IDA) of Prince Edward County. Andy Walsh of SugarOak Realty represented Avaio Digital and Rhett Weiss with Cottonwood Commercial represented the Prince Edward County IDA in the land transaction. Known as the Farmville Data Hub, the site is fully zoned for five data centers, has ready fiber access, utility access and water supply secured. Avaio Digital has also completed preliminary site engineering and is in the process with Dominion for 300 megawatts of power. The developer is also underway on a $3 billion data center campus in nearby Appomattox County, Va.

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AcquisitionsIndustrialTexas

Oxford Partners Arranges Sale of 16,074 SF Industrial Building in East Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 16,074-square-foot industrial building in East Houston. According to LoopNet Inc., the facility at 5611 Clinton Drive was built in 1945. Perry Mazzone and Matt Rogers of Oxford Partners represented the buyer, healthcare services provider ASC Solutions, in the deal. Lorin Miner and Bobby Tyson of Eastwood Realty represented the undisclosed seller.

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AcquisitionsFloridaMixed-UseSoutheastStudent Housing

Halstatt Sells 644-Bed UnionWest at Creative Village Student Housing Tower in Downtown Orlando

by John Nelson

ORLANDO, FLA. — Halstatt Real Estate Partners has sold UnionWest at Creative Village, a 664-bed student housing property near the University of Central Florida’s (UCF) downtown Orlando campus. Halstatt developed the 15-story tower in partnership with Development Ventures Group and Ustler Development in August 2019. Provident Resources Group purchased UnionWest for an undisclosed price using bonds underwritten by BofA Securities. Located at the corner of West Livingston Street and North Terry Avenue, the student housing tower is a component of the $1.5 billion Creative Village mixed-use campus, which includes academic space for both UCF and Valencia College’s downtown campus. In addition to student housing, UnionWest offers more than 100,000 square feet of academic space, 11,000 square feet of street-level retail space and a 600-space parking garage.

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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Negotiates $8.4M Sale of Retail Strip Center in Miami

by John Nelson

MIAMI — Marcus & Millichap has negotiated the $8.4 million sale of Blue Grotto Plaza, an 11,890-square-foot retail strip center located in Miami. Built in 1973 and renovated in 2023, the multi-tenant property features a mix of service-oriented businesses and food-and-beverage tenants, including 10 retail spaces and 68 parking spaces. Jonathan De La Rosa and Matthew Albregts of Marcus & Millichap marketed the property on behalf of the seller, Minkin Enterprises Inc., and procured the buyer, OMAC Real Estate LLC, in the transaction.

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AcquisitionsKentuckyMultifamilySoutheast

Home Invest Acquires Pine Tree Path Apartments in Georgetown, Kentucky for $7.8M

by John Nelson

GEORGETOWN, KY. — Home Invest has acquired Pine Tree Path, a 72-unit apartment community in Georgetown, about 70 miles east of Louisville, Ky. Longtime owner PAJ Properties Inc. sold the Class B property to Home Invest for approximately $7.8 million. Home Invest will be the property manager for Pine Tree Path, which was fully occupied at the time of sale. The firm will also replace roofs for seven buildings and make light renovations to unit interiors as the leases turn over.

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AcquisitionsRetailTexas

Headwall Investments Buys 15,182 SF Retail Strip Center in Sugar Land, Texas

by Taylor Williams

SUGAR LAND, TEXAS — San Antonio-based Headwall Investments has purchased Old Mill Retail Center, a 15,182-square-foot retail strip center located in the southwestern Houston suburb of Sugar Land. Tenants at the property include Pepperoni’s Pizza, Primera Professional Pharmacy, MTea & Coffee and Floors for Living. The seller and sales price were not disclosed.

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Luma-El-Corazon-Oceanside-CA
CaliforniaDevelopmentMultifamilyWestern

Sudberry Properties Opens 268-Unit Luma at El Corazon in Oceanside, California

by Amy Works

OCEANSIDE, CALIF. — Sudberry Properties has opened Luma at El Corazon, a 278-unit apartment community located at 3546 Village Commercial Drive in Oceanside’s El Corazon, a multi-phase development that is home to Frontwave Arena and approximately 400 acres of parks, open space and civic uses. Luma at El Corazon consists of 23 three-story buildings with a mix of 113 one-bedroom, 120 two-bedroom and 35 three-bedroom apartments. Ranging from 691 square feet to 1,440 square feet, each of the 11 floor plans includes an outdoor deck, balcony or patio, stainless steel appliances, quartz countertops, wood-style flooring and in-unit washers/dryers. Community amenities include a clubroom with a demonstration kitchen and adjoining covered patio, a conference room and an indoor/outdoor fitness center with cardio and weights, a pool and spa, a lounge area with ping-pong and facilities for outdoor dining and grilling. Additionally, the property offers an attached or detached garage for each unit, a package reception area, 24-hour emergency maintenance and electric vehicle chargers. The development team included Bassenian Lagoni, Hunsake & Associates, Wermers Construction, Schmidt Design Group and Design Tec.

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