GRAND ISLAND, FLA. — Spartan Investment Group has opened FreeUp Storage Eustis, a 660-unit self-storage facility located at 36536 S. Fish Camp Road near Lake Eustis in Grand Island, about 47 miles northwest of Orlando. Spartan Construction Management, a general contractor affiliate of the Colorado-based developer, broke ground on the facility in June 2024. FreeUp Storage Eustis features 340 climate-controlled units and 266 non-climate-controlled units across nearly 67,000 rentable square feet.
ROYAL PALM BEACH, FLA. — Marcus & Millichap has brokered the $6.2 million sale of Timbercreek Townhomes and Villas, a 20-unit multifamily community located at 100 Sparrow Drive in Royal Palm Beach, about 12 miles west of West Palm Beach. Evan Kristol and Brandon Rex of Marcus & Millichap represented the seller, a private syndicator, and procured the buyer, a California-based investment group, in the transaction. The buyer purchased the community as part of a 1031 exchange. Both parties requested anonymity. Built in 1980, Timbercreek Townhomes and Villas features a gated swimming pool, gazebo and landscaped grounds.
GADSDEN, ALA. — RealSource Group has facilitated the $3 million sale of a newly built restaurant located at 720 Gilbert Ferry Road SE in Gadsden, about 60 miles northeast of Birmingham. Starbucks Coffee occupies the 2,500-square-foot building, which features a drive-thru and outdoor patio seating, on a 10-year initial lease with 10 percent rent increases every five years. The restaurant was built last year on a 1.2-acre site near I-59 and I-759. Austin Blodgett and Jonathan Schiffer of RealSource, along with ParaSell Inc., represented both the Ohio-based private investor and the Tampa-based private developer in the transaction. Both parties requested anonymity.
BALTIMORE — PricewaterhouseCoopers LLP (PwC), one of the “big four” global accounting firms, has leased space for its new Baltimore regional headquarters. The company has leased 23,000 square feet of office space at the Rye Street Market building within Baltimore Peninsula, a $5.5 billion master-planned development in south Baltimore. PwC is moving from 100 E. Pratt St. and will take occupancy at Baltimore Peninsula in late 2026, according to the Baltimore Business Journal. MAG Partners and MacFarlane Partners lead the development team for Baltimore Peninsula, which includes Under Armour founder Kevin Plank’s Sagamore Ventures and Goldman Sachs Asset Management’s Urban Investment Group. Other office tenants at the Rye Street Market building include the Baltimore Ravens NFL team, Longeviti Neuro Solutions, OBM, Chambers and MAG Partners, according to local media outlets.
FREDERICKSBURG, TEXAS — IHG Hotels & Resorts will open a 210-room hotel in the Central Texas city of Fredericksburg under its Kimpton brand. Designed by Merriman Anderson Architects with interiors by Curioso and developed by Houston-based DC Partners, Kimpton Fredericksburg will be located within The Meuse, a 22-acre mixed-use development. The property will feature a full-service restaurant and bar, along with a poolside bar and lounge. Additional amenities will include a 10,000-square-foot outdoor pool and deck, fitness center, café and 18,500 square feet of indoor/outdoor meeting and event space. The opening is scheduled for 2027.
DALLAS — Partners Capital, the investment arm of Partners Real Estate, has purchased Kessler Park Shopping Center, a 102,020-square-foot retail property located southwest of downtown Dallas. The property comprises two buildings on a 10-acre site that was roughly 98 percent leased at the time of sale to tenants such as Colaw Fitness and United Education Institute. William Harrison of Harrison Property Brokerage represented both Partners Capital and the undisclosed seller in the transaction. Veritex Bank financed the acquisition.
HOUSTON — Transwestern has arranged the sale of a multifamily development site in South Houston. The site at 1500 Old Spanish Trail spans 2.1 acres within the 1500 OST master-planned development. The buyer, Houston-based developer Winther Investments, plans to develop a five-story, 280-unit building on the site. Jeff Peden and Scott Miller of Transwestern represented the seller, an entity doing business as 1500 OST LLC, in the transaction.
BOERNE, TEXAS — The Multifamily Group (TMG), a Dallas-based brokerage firm, has negotiated the sale of The Vistas, a 100-unit apartment complex in Boerne, a northeastern suburb of San Antonio. Built in 2001, the pet-friendly property offers one-, two- and three-bedroom units, as well as a pool and onsite laundry facilities. The buyer and seller were not disclosed.
SUGAR LAND, TEXAS — Colliers has brokered the sale of a 15,446-square-foot office building in Sugar Land, a southwestern suburb of Houston. The Offices at Telfair was built on 1.5 acres in 2017 within the master-planned community of the same name and is home to engineering consulting firm Aguirre & Fields. Kolbe Curtice of Colliers represented the undisclosed seller in the transaction.
WOONSOCKET, R.I. — The BLVD Group, a multifamily investment firm with offices in Los Angeles and Dallas, has purchased Rock Ridge Apartments, a 152-unit multifamily complex in Woonsocket, located on the Massachusetts-Rhode Island border. The company plans to reposition the property to add 30 new affordable housing units, restricting all residences to renters earning up to 50 or 60 percent of the area median income. The acquisition and renovation are being financed through Low-Income Housing Tax Credits and tax-exempt bonds issued by Rhode Island Housing with a permanent Fannie Mae loan. Additional funding includes equity from the sale of renewable energy tax credits, a construction loan from Merchants Bank and a permanent Fannie Mae loan. The renovation will involve the replacement of the majority of the building envelope and full interior upgrades, such as modernized kitchens and baths, as well as enhanced building systems. Additional community amenities include a renovated basketball court, clubhouse and grilling stations.
