HOUSTON — Busycon Properties has begun the multimillion-dollar repositioning of 910 Louisiana, a 50-story, 1.2 million-square-foot office tower in downtown Houston. Capital improvements will cover various parts of the building’s exterior and will introduce new amenities, including a 9,000-square-foot conference center, fitness and wellness center and a 5,000-square-foot tenant lounge. Hines manages 910 Louisiana, and Partners Real Estate is the leasing agent. Gallant Commercial has been named as the general contractor for the project, which was designed by architecture firm HOK.
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SHAWNEE, OKLA. — GF Central Plastics has opened a 150,000-square-foot metals manufacturing facility in Shawnee, an eastern suburb of Oklahoma City. The facility will complement GF Central’s existing 500,000-square-foot plastic and metals manufacturing plant in Shawnee. Project partners included TAP Architecture, Entegrity Energy Partners, Coalign Group, Cedar Creek Inc. and Evans General Contractors. A grand opening ceremony took place in mid-October, and the facility is expected to be fully operational by next April.
SNYDER, TEXAS — Hospitality brokerage firm Mumford Co. has arranged the sale of a Marriott-branded hotel in Snyder, located in Scurry County in West Texas. The Fairfield Inn & Suites Snyder includes 80 suites and offers amenities such as an outdoor pool, fitness center, convenience mart and onsite laundry services. Ryan Patterson of Mumford Co. represented the undisclosed, Houston-based seller in the transaction. The buyer and sales price were also not disclosed.
CELINA, TEXAS — Metro Nashville-based GBT Realty Corp. will develop Preston Crossroads, a 56,000-square-foot neighborhood shopping center that will be located in the North Texas city of Celina. Sprouts Farmers Market will anchor the center with a 23,262-square-foot grocery store. Preston Crossroads will feature an additional 33,000 or so square feet of inline retail space across three buildings. Construction is scheduled to begin in January and to be complete in summer 2027.
HOUSTON — Colliers has negotiated a 12,192-square-foot industrial lease in East Houston. According to LoopNet Inc., the single-tenant building at 1401 Boyles St. was originally constructed in 1965. Christopher Klein and Judy Garza Beebe of Colliers represented the undisclosed landlord in the lease negotiations. The name and representative of the tenant were also not disclosed.
NEW YORK CITY — A partnership between The Domain Cos., LMXD and Bridge Investment Group Holdings LLC has received a $290 million loan for the refinancing of Jasper, a 499-unit multifamily property located in the Long Island City neighborhood of Queens. Wells Fargo provided the loan. Residences at Jasper come in studio, one-, two- and three bedroom floor plans, and the development includes 150 affordable units that are reserved for households earning 130 percent of the area median income. Amenities include multiple outdoor terraces, a rooftop pool, fitness center with a yoga studio, a dog run, multiple landscaped courtyards, a game room, package lockers, outdoor grilling and dining areas, a resident lounge, demonstration kitchen and coworking space. Jasper also features 33,000 square feet of retail space. The property’s multifamily component was 65 percent occupied at the time of the loan closing.
RIDGEFIELD PARK, N.J. — A partnership between KABR Group and Hornrock Properties has broken ground on a 216-unit multifamily project in the Northern New Jersey community of Ridgefield Park. The site at 95 Challenger Road is located within Overpeck Corporate Center, a 60-acre mixed-use development. Designed by Minno & Wasko Architects and Planners, the six-story building will feature a mix of studio, one- and two-bedroom residences, 22 of which will be set aside as affordable housing. Rent caps were not disclosed. Amenities will include an outdoor pool, a lounge and café, coworking spaces, a game room with a golf simulator, a children’s playroom, a pet spa and a fitness center. Residents will also have access to 2,000 square feet of ground-floor retail space. Completion is slated for 2028.
STAFFORD COUNTY, VA. — Vantage Data Centers will invest $2 billion to develop a 929,000-square-foot data center campus in Stafford County, which is situated near Fredericksburg, Va., and approximately 40 miles south of Washington, D.C. The new 192-megawatt (MW) campus, dubbed VA4, is situated just roughly 54 miles from Vantage’s three existing Virginia campuses in Northern Virginia’s “Data Center Alley” and brings the company’s statewide capacity to 782 MW with a combined investment of approximately $8 billion. Development of the new campus is expected to create 1,100 construction jobs and at least 50 permanent operations jobs. The first building at VA4 is scheduled to open in late 2027. VA4 will be built to achieve LEED Silver certification, in alignment with Vantage’s “sustainable by design” blueprint. The center will also utilize a closed-loop chilled water system that minimizes the need for large volumes of water. Additionally, VA4 will feature liquid-to-liquid cooling with coolant distribution unit (CDU) equipment, which can handle 100 percent of critical IT workloads.
Cushman & Wakefield | Thalhimer Negotiates $8.9M Sale of Retail Strip Center in Chester, Virginia
by Abby Cox
CHESTER, VA. — Cushman & Wakefield | Thalhimer has negotiated the $8.9 million sale of The Shoppes at River Forest, a 30,070-square-foot, unanchored retail center located along Iron Bridge Road in Chester. Catharine Spangler of Thalhimer’s Capital Markets Group represented the seller, Prudent Growth Partners, in the transaction. Originally constructed in 2007 on roughly 3.7 acres, the property was 95 percent leased at the time of sale to 12 tenants including GameStop, Sweet Frog, State Farm and the U.S. Marine Corps.
Columbia Properties Acquires 75,947 SF Grocery-Anchored Shopping Center in Metro Atlanta
by Abby Cox
LITHIA SPRINGS, GA. — Columbia Properties has acquired Village at Westfork, a 75,947-square-foot, grocery-anchored shopping center located in Lithia Springs, roughly 20 miles west of downtown Atlanta. Jim Hamilton, Brad Buchanan, Andrew Kahn and Charlie Merrigan of JLL represented the seller, KPR Centers, in the transaction. The purchase price was $14.2 million. Built in 1994, Village at Westfork comprises 12 tenant suites and was fully leased at the time of sale. A 54,322-square-foot Kroger anchors the property, which also houses JPMorgan Chase, The UPS Store, H&R Block and Cricket Wireless.