OVIEDO, FLA. — Woodland Hills, Calif.-based CGI+ Real Estate Investment Strategies has sold Park Place, a 275-unit, garden-style apartment complex situated with the 108-acre master-planned community of Park Town Center in Oviedo. The buyer, RMR Residential, has rebranded the complex to ATRIUM at Oviedo Park. CGI+ Real Estate originally acquired the former Park Place in 2021 for nearly $70 million after a fire destroyed two buildings and two amenity areas. In collaboration with Fogelman, CGI+ Real Estate rebuilt 33 apartment homes and developed 2,642 square feet of community space occupied by Crazy Cork Wine Bar and a Bruster’s ice cream shop. Originally built in 2015, ATRIUM features one-, two- and three-bedroom floorplans ranging in size from 757 square feet to 1,275 square feet, according to Apartments.com. Amenities include a swimming pool, fitness center, basketball/pickleball court, pet washing station and a lounge.
Property Type
AUBURN, ALA. — Matthews Real Estate Investment Services has arranged the sale of Flint’s Crossing, a 97,668-square-foot neighborhood shopping center situated three miles from Auburn University. HomeGoods and Michaels anchor the fully leased center. Other tenants include Panera Bread, The UPS Store, Subway, CiCi’s Pizza, Plato’s Closet, Kumon and uBreakiFix. In addition to the 22,850-square-foot HomeGoods store, which operates at the property on a new 10-year lease, Flint’s Crossing has introduced roughly 15,115 square feet of new tenants since 2022. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the repeat seller, an entity doing business as RECS Flint’s Crossing LLC, in the transaction. The buyer and sales price were not disclosed.
Landmark, Manulife Investment Complete 833-Bed Student Housing Development Near University of Tennessee
by Abby Cox
KNOXVILLE, TENN. — A joint venture between Landmark Properties and Manulife Investment Management has completed The Mark Knoxville, an 833-bed student housing development located at 124 S. Concord St. near the University of Tennessee campus in Knoxville. The development team for the project included BKV Group and Landmark Construction. The property offers fully furnished units with bed-to-bath parity, ranging in size from studios to five-bedroom floorplans. Amenities include a rooftop clubhouse and outdoor pool with a jumbotron, 24-hour study lounge, pickleball court and a fitness center, as well as a 25,000-square-foot courtyard with grilling stations, fire pits and hammock groves. The property also features an onsite parking garage and a private shuttle service to campus.
DURHAM, N.C. — Global cybersecurity firm Tanium has renewed and expanded its office lease at 555 Mangum, a 234,000-square-foot office building in downtown Durham. Tanium initially leased 25,000 square feet at the complex in 2024 and has now taken an additional 23,000 square feet, bringing its total occupancy to 48,000 square feet. The company will move into its new space in early 2026. Matt Winters and Kimarie Ankenbrand of JLL represented Tanium in both the initial lease and the most recent expansion. Situated near the Durham Bulls Minor League Athletic Park, 555 Mangum is owned by Northwood Ravin and features a mix of amenities including a rooftop lounge, outdoor courtyard, fitness facility and bike storage, as well as The Lenny, a rooftop restaurant concept from the Ibarra brothers.
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.