DALLAS — Merit Energy has signed a 104,034-square-foot office lease in North Dallas. The oil and gas operator will relocate its headquarters to floors 10 through 12 at Two Lincoln Centre, a 19-story, 602,000-square-foot building located at 5420 LBJ Freeway. Matt Schendle, Zach Bean and Mary Frances Burnette of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations. Jeff Ellerman and John Ellerman of CBRE (now with Stream Realty Partners) represented Merit Energy.
SAN ANTONIO —EoS Fitness will open a 40,000-square-foot gym in northeast San Antonio. The space is located within Windsor Park Center, a 196,458-square-foot shopping center that was developed in 2012. Houston-based Whitestone REIT owns the center, which is also home to tenants such as Ross Dress for Less, Cavender’s and PetSmart. Daren Nix and Miller Snyder with RISE Commercial Partners represented EoS Fitness, which expects to open in early 2026, in the lease negotiations.
HUNTSVILLE, ALA. — WSS Development has delivered 2020 at Providence, a $100 million mixed-use community in Huntsville. The property features 360 upscale apartments with 12 different floor plans with monthly rental rates ranging from $1,530 to $4,890, according to Apartments.com. Amenities include a rooftop pool and lounge, fitness center, sky room, onsite coworking and conference rooms, resident courtyard and a game room with a golf simulator. Additionally, 2020 at Providence features approximately 23,000 square feet of retail space leased to tenants including Starbucks, Society Salon, Providence Wine Bar, Dolce Amore Italian Restaurant, Whitt’s Frozen Custard, Cajun Roux and Loona’s Breakfast & Lunch Café.
NAPLES, FLA. — BWE has secured a $76 million loan for the refinancing of The Carlisle Naples, a Class A seniors housing community in Naples. Operated by Senior Resource Group (SRG), the 18-acre community features 257 independent living apartments and 93 assisted living units. Ryan Stoll and Taylor Mokris of BWE arranged the financing on behalf of the borrower, a joint venture between Harbert Management Co. and SRG. The sponsors recently completed a capital improvement program at The Carlisle Naples.
ATLANTA — CBRE has arranged a fixed-rate loan for the refinancing of Sora at Spring Quarter, a newly built, 370-unit luxury multifamily complex in Midtown Atlanta. Mike Ryan, Blake Cohen and Taylor Crowder of CBRE arranged the financing on behalf of the borrowers, Portman Residential and National Real Estate Advisors. Apollo provided the five-year loan, the amount of which was not disclosed. The NGBS Silver-certified property was completed in January 2024 and is part of Portman’s Spring Quarter mixed-use campus, which includes the recently completed Ten Twenty Spring office tower and the historic H.M. Patterson Home and Gardens funeral home. Located at 1000 Spring St., the 29-story multifamily tower features various floor plans ranging from 659 to 1,680 square feet, including studios, one-, two- and three-bedroom units, two-story townhomes and two- and three-bedroom penthouse units. According to Apartments.com, monthly rental rates begin at $2,195. Unit amenities comprise condo-style finishes with plank flooring, 10- to-12-foot ceilings, quartz countertops, gas range cooktops, stainless steel appliances and porcelain tile bathrooms. Residents have access to a 10th-floor pool and terrace, 24-hour gym with fitness studios, infrared sauna, rock-climbing wall, sports simulator, gaming lounge, 29th-floor rooftop lounge and observation deck and nearly 13,000 square feet …
WRENS, GA. — California-based Graystone Capital Advisors has brokered the sale-leaseback of Stuckey’s 74,718-square-foot headquarters and manufacturing facility in Wrens, a rural suburb 30 miles southwest of Augusta. A Midwest-based buyer acquired the 10.2-acre asset for an undisclosed price, where Stuckey’s Corp. will lease the facility from its new owner. Julius Swolsky and Don Bingham of Graystone represented the seller in the transaction for the 20-year leaseback. Situated along 705 South Main St., the American brand has almost 20 standalone brick-and-mortar pecan stand locations and more than 50 Stuckey’s Express, or store-within-a-store, locations in convenience stores and gas stations, primarily in the Southeast and Texas. The company is a wholesale distributor for these outlets and the exclusive provider of Stuckey’s-branded products, including T-shirts, mugs, hats and the pecan log roll.
MANALAPAN, FLA. — Garden Commercial has acquired Plaza Del Mar, an 83,841-square-foot shopping center located at 250 S. Ocean Blvd. in Manalapan, a South Florida suburb in Palm Beach County. The tenant roster includes Publix, Art Basil Restaurant, John G’s, Thaikyo Asian Cuisine, The Ice Cream Club, Chico’s, Evelyn & Arthur, J.McLaughlin and several care and service retailers. Addicted Chic is set to open later this year. Located about 13 miles south of West Palm Beach, Plaza Del Mar sits between the Atlantic Ocean and the Intracostal Waterway and across from the upscale Eau Palm Beach Resort & Spa. Casey Rosen, Dennis Carson, Sriram Rajan and Michael Etemad of CBRE represented the seller, an affiliate of a joint venture between Evergreen Investment Advisors and Kitson & Partners, in the transaction. Scott Loventhal and Michael Gartenberg were the internal representatives for Garden Commercial. The sales price was not disclosed.
EVERETT, MASS. — South Carolina-based developer Greystar has begun welcoming residents to Maxwell, a 384-unit apartment community in Everett, a northeastern suburb of Boston. Designed by CBT, Maxwell represents the second phase of a larger development at 85 Boston St. and consists of 355 market-rate apartments, 29 affordable housing units, a 460-space parking garage and 6,450 square feet of ground-floor retail space. Floor plans feature studio, one- and two-bedroom layouts. Amenities include a pool, gym, lounges, coworking spaces and outdoor grilling stations. Rents start at $2,300 per month for a studio apartment. Construction began in late 2022.
SOUDERTON, PA. — A partnership between regional developer Endurance Real Estate Group and Greystar-Thackeray has broken ground on a 176,000-square-foot industrial project in Souderton, located roughly midway between Philadelphia and Allentown in the Lehigh Valley. The building at 205 Schoolhouse Road will be known as 205 Commerce Center and will feature a clear height of 36 feet, 27 overhead dock doors, parking for 180 cars and 31 trailers and an ESFR sprinkler system. Completion is slated for the fourth quarter. JLL is marketing the property for lease.
LOS ANGELES — Marcus & Millichap has arranged the sale of a multifamily portfolio in San Fernando Valley. Heitman LLC, Invesco LTD and ETHOS Real Estate sold the portfolio to Florida-based Material Comforts Inc. for $85 million, or $142,617 per unit. Totaling 596 units, the portfolio consists of 16 parcels in the Van Nuys, Panorama City, North Hills and Canoga Park neighborhoods of Los Angeles. The portfolio offers gross building areas ranging from 6,030 square feet to 160,858 square feet. Tony Azzi of Marcus & Millichap represented the sellers, while Rabbie Banafsheha, Kristen Sullivan and Arteen Zahiri of Marcus & Millichap represented the buyer in the deal.