PLANO, TEXAS — Locally based investment firm Clover Capital Partners has purchased a 232-unit multifamily property in Plano, located northeast of Dallas. The Woodlands of Plano offers one-, two- and three-bedroom units, as well as a pool and onsite laundry facilities. Clover Capital plans to implement a value-add program. The seller and sales price were not disclosed.
HOCKLEY, TEXAS — Empire Homes has completed Veranda Dellbrook, a 182-unit build-to-rent project in Hockley, about 40 miles northwest of Houston. Designed by KTGY, the property features one-, two-, three- and four-bedroom homes that range in size from 634 to 1,434 square feet. Amenities include a clubhouse, pool, outdoor lounge with grilling stations, a fitness center and a dog park. Information on starting rents was not disclosed.
LAREDO, TEXAS — Industrial investment firm AKRE Partners has purchased a 16,945-square-foot warehouse within Milo Distribution Center in the Rio Grande Valley city of Laredo. According to LoopNet Inc., the small-bay building at 310 Union Pacific Blvd. was completed in 1994 and features 20-foot clear heights, 22 trailer parking spaces and 1,200 square feet of office space. The seller and sales price were not disclosed.
SPRING, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 5,336-square-foot restaurant building in Spring, located north of Houston, that is leased to Denny’s. Jackson Brewer of STRIVE represented the seller, a Denny’s franchise operator, in the transaction. The buyer was a local private investor. Both parties requested anonymity.
NEW YORK CITY — A partnership between New York City-based Waterman Interests and alternative asset management firm HPS Investment Partners has begun the renovation of 850 Third Avenue, a 605,000-square-foot office building in Midtown Manhattan. Renovations to the 21-story building, which was originally constructed in 1961, will include an expanded lobby with contemporary finishes and a 14,000-square-foot conference and social center with 200-seat capacity. In addition, the project team, led by design firms MdeAS Architecture and Vocon, as well as general contractor Turner Construction and mechanical engineer Cosentini Associates, will deliver new elevators, windows, storefronts and building systems. A tentative completion date was not announced.
PARSIPPANY, N.J. — JLL has brokered the sale of 14 Sylvan Way, a 203,506-square-foot office building located in the Northern New Jersey community of Parsippany. Built in 2013 within the 2.1-million-square-foot Arbors @ Parsippany office campus, 14 Sylvan Way is a three-story building with a cafeteria/bistro, courtyard, tenant lounge, game room and conference facilities. The building was fully leased at the time of sale to Travel + Leisure Co. Jose Cruz, Jeremy Neuer, Michael Kavaler and Tim Greiner of JLL represented the undisclosed, institutional seller in the transaction and procured the buyer, Signature Acquisitions.
MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged an $18 million permanent loan for the Residence Inn Middletown Goshen hotel in Middletown, about 75 miles north of New York City. The number of rooms was not disclosed. The hotel opened in 2020. The loan carries a five-year term and a fixed interest rate. The borrower and direct lender were also not disclosed.
MIDDLETOWN, DEL. — Regional grocer Weis Markets has opened a 64,000-square-foot store and serve as the anchor tenant at Bayberry Town Center, a 280,000-square-foot development in Middletown. The site is located within the 1,500-acre Village of Bayberry master-planned community. The store was announced in May 2023. Blenheim Group is the master developer of Village of Bayberry.
SOUTH ORANGE, N.J. — Kennedy Funding, a New Jersey-based direct private lender, has provided a $2.8 million land loan for a development site in the Northern New Jersey community of South Orange. The parcels at 270 and 299 Irvington Ave. total 2.2 acres. Plans call for 61 residential units and several commercial spaces. The debt was structured with a 55 percent loan-to-value ratio. The borrower was not disclosed.
RADNOR, PA., AND CHEVY CHASE, MD. — EQT Real Estate, on behalf of its EQT Real Estate Industrial Core-Plus Fund II, has sold a 25-property logistics portfolio totaling 8.7 million square feet across 13 markets. The sales price was not disclosed, but the transaction marks the largest U.S. industrial sale so far in 2025, according to Radnor-based EQT Real Estate. Chevy Chase-based Artemis Real Estate Partners was the buyer. The portfolio spans distribution markets such as Atlanta, Chicago, New York, Phoenix and Texas. The assets feature an average clear height of 31 feet, cross-dock and rear-load configurations, expansive truck courts and generous parking accommodations. Most of the properties were developed after 2000, and EQT Real Estate began assembling and managing the portfolio in 2020. The properties are more than 95 percent leased to 25 tenants active in distribution, e-commerce, food and beverage and manufacturing. EQT Real Estate says the transaction marks the culmination of its multi-year strategy to assemble and scale a national logistics platform in high-growth, supply-constrained U.S. markets. Additionally, the sale reflects investor appetite for stabilized, institutional logistics properties with long-term demand drivers and limited new supply. John Huguenard, Trent Agnew and Will McCormack of JLL represented EQT …