AUSTIN, TEXAS — Locally based developer Industry ATX has delivered Industry SOMA, a 23-unit affordable housing project in Austin’s South Menchaca neighborhood. The townhome-style residences are housed and are reserved for households earning 80 percent or less of the area median income. Units have an average size of about 1,100 square feet. Mark Odom Studio designed the project, construction of which began in fall 2022.
TEXARKANA, TEXAS — Renew Trucks has signed a 2,604-square-foot industrial lease expansion at TexAmericas Center, a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border in Texarkana. The site spans 2.3 acres at 139 Miller St. and is adjacent to Renew’s existing facility. The deal brings the company’s total footprint at TexAmericas Center to 16,673 square feet.
STORRS, CONN. — A joint venture between Landmark Properties and Manulife Investment Management has opened The Standard at Four Corners, an 890-bed student housing community located near the University of Connecticut campus in Storrs. Designed by Dwell Design, the property offers 392 fully furnished units in studio, one-, two- and three-bedroom configurations with bed-to-bath parity. Shared amenities include an academic lounge, 24-hour study rooms, a fitness center, resort-style pool and spa, jumbotron lawn, outdoor gaming areas, fire pits, grilling stations and a clubroom. The property also features 14,500 square feet of ground-floor retail space.
RANDOLPH, N.J. — A partnership between two developers, CrownPoint Group and Crossroads Cos., has broken ground on a 125-unit multifamily project in Randolph, about 40 miles west of New York City. Designed by Comito Associates and known as Liberty Village, the development will feature townhouse-style residences that will be housed within 11 buildings across a 14.5-acre site. The property will have 25 affordable housing units. Amenities will include fitness center, multiple social lounges, a golf simulator, children’s playroom and a business center with work pods and meeting areas. Completion is slated for summer or fall of 2026.
BOSTON — JLL has brokered the sale of the 80-room Boxer Hotel located at 107 Merrimac St. in Boston’s West End. The nine-story hotel was originally built in 1904 and last renovated in 2013. Additional upgrades to certain common areas and amenity spaces were completed in 2020. Amenities include a fitness center, bike rental program and an onsite restaurant and bar. Alan Suzuki, Matthew Enright and Emily Zhang of JLL represented the seller, Hersha Hotels & Resorts, in the transaction. The buyer was Eurostars Hotel Co.
BOSTON — Regional brokerage firm Hunneman has arranged the $11.8 million sale of a two-building, 14-unit apartment complex in the Brookline area of Boston. According to Apartments.com, the property at 10-12 Greenway Court was originally constructed in 1915 and exclusively offers two-bedroom units. Carl Christie and Dan McGee of Hunneman represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
POOLER, GA. — JLL Capital Markets has arranged a $38.7 million loan for the refinancing of Clear Lake Reserve, a 199-unit townhome community located in Pooler, a western suburb of Savannah. Chris Drew, Matthew Putterman and Kenny Cutler of JLL’s Debt Advisory team arranged the loan on behalf of the borrower, 360 Communities, an affiliate of Freehold Capital Management, and Rockpoint, a Boston-based real estate private equity firm. Western Alliance Bank provided the three-year, floating-rate loan . Situated near the Savannah Hilton Head International Airport and the Port of Savannah, Clear Lake Reserve spans approximately 50 acres. The community will feature 83 three-bedroom townhomes and 113 four-bedroom townhomes ranging in size from 1,385 square feet to 2,010 square feet. Each townhome will include an attached two-car garage, private driveway and a covered outdoor porch. Amenities at the complex will include a resort-style swimming pool, fitness center, basketball and pickleball courts, clubroom, brick firepit, dog park, putting green, playground, grilling stations, dedicated guest and amenity parking areas, as well as a dock overlooking a community pond. 360 Communities and Rockpoint have structured the development with an unnamed, publicly traded homebuilder performing vertical construction at Clear Lake Reserve.
NEW YORK CITY — Civic Entertainment Group has signed a 12,180-square-foot office lease at 740 Broadway in Manhattan’s NoHo neighborhood. The marketing agency’s footprint in the submarket now totals 27,180 square feet, including its 15,180 square feet of existing space across the entire second floor at 440 Lafayette Street, an interconnected building. That lease was also extended by seven years. GFP Real Estate owns both buildings.
ORANGE COUNTY, CALIF. — JLL Capital Markets has arranged $130 million in first-lien financing for a 21-property industrial portfolio in Southern California. Greg Brown, Allie Black and Nick Englhard of JLL Capital Markets secured the five-year, fixed-rate loan through an insurance company on behalf of the borrower, Sukut Real Properties. Totaling 1.1 million square feet, the portfolio includes 17 industrial buildings, a self-storage facility, an industrial outdoor storage property, a medical property and a flex office/industrial building. Built from 1968 to 2016, the properties span San Diego County, Orange County, Los Angeles County and the Inland Empire.
CANBY, ORE. — Trammell Crow Co. (TCC) and Affinius Capital have broken ground on Sequoia Logistics Center, a Class A speculative logistics facility in Canby, approximately 20 miles south of Portland. Slated for completion by January 2027, the 778,720-square-foot Sequoia Logistics Center will feature 4,000 amps of power capacity, 143 loading docks, 224 trailer spaces and 798 auto parking spaces. Project partners include Mackenzie as architect and Perlo Construction as general contractor. Teams from KBC Advisors in Seattle and Kidder Mathews in Portland, Ore., are marketing the project for lease.
