Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

WORKBENCH-Austin
DevelopmentOfficeTexas

Swinerton Breaks Ground on 45,384 SF Mass Timber Office Project in East Austin

by Taylor Williams

AUSTIN, TEXAS — General contractor Swinerton has broken ground on WORKBENCH, an 45,384-square-foot mass timber office project in East Austin. Designed by locally based architecture firm Dick Clark & Associates, the four-story building will include retail showroom and restaurant space as well as underground parking. Lindgren Development owns WORKBENCH, which is 75 percent preleased to tenants including Beck-Reit Commercial Real Estate, Legacy Lighting and Art + Artisans, as well as Swinerton. All of these groups are also partners on the project. Completion is slated for early 2026.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

Shield Engineering Group Signs 16,608 SF Office Lease Renewal, Expansion in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Shield Engineering Group has signed a 16,608-square-foot office lease renewal and expansion in Fort Worth. The space is located within First Cash Plaza, a nine-story, 155,125-square-foot building located near the downtown area. Alex Bryant of Street Realty Partners represented the tenant in the lease negotiations. Jake Neal and Matt Carthey of Holt Lunsford Commercial represented the landlord, First Cash Inc., a pawn store operator with more than 3,000 retail locations in North and South America. 

Continue Reading
FacebookTwitterLinkedinEmail
AlabamaDevelopmentIndustrialSoutheast

Graham & Co. Begins Construction on $52M Hyundai Mobis Distribution Facility in Montgomery, Alabama

by John Nelson

MONTGOMERY, ALA. — Graham & Co. has begun construction on a 460,000-square-foot build-to-suit distribution facility in Montgomery for Hyundai Mobis, a supplier of aftermarket parts for Hyundai and Kia, which both have mega manufacturing facilities in the region. The $52 million project is located on 60 acres near an existing Hyundai Mobis campus along Mitchell Young Road. The cross-dock facility is expandable by 270,000 square feet, according to Graham & Co. The project team includes Cooper Construction (general contractor), Five South Architecture LLC (architect) and CCI (civil engineer). A Graham & Co.-led joint venture is providing equity for the development, and SouthState Bank is providing construction financing. The targeted delivery date for the new Hyundai Mobis facility was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaMultifamilySoutheast

Novare, BCDC Deliver 306-Unit Conclave Sugar Hill Apartments in Metro Atlanta

by John Nelson

SUGAR HILL, GA. — Novare Group and BCDC have delivered Conclave Sugar Hill, a 306-unit apartment community in metro Atlanta. The property is located off Ga. Highway 20 at 1375 Hillcrest Drive, directly across from Sugar Hill’s town center. The property includes studio, one-, two- and three-bedroom apartments, as well as townhomes with private garages and patios. Monthly rental rates range from $1,455 to $2,915, according to Apartments.com. The gated community interfaces with the 11.5-mile Sugar Hill Greenway and also features a two-story club room with a library and lounge and a two-story fitness center. Other amenities include a resort-style pool with a sun shelf and tanning ledge, fire pits, lounge spaces, greenspaces, coworking spaces and a dog park.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilySoutheastVirginia

Hamilton Zanze Sells 414-Unit Maple Bay Townhomes in Virginia Beach

by John Nelson

VIRGINIA BEACH, VA. — Hamilton Zanze has sold Maple Bay Townhomes, a 414-unit apartment community located at 356 S. Chesire Court in Virginia Beach. The buyer and sales price were not disclosed. The San Francisco-based seller originally acquired the property in 2019 and improved net operating income by 35 percent due to comprehensive capital improvements made over the course of its ownership. These renovations included roof replacements, the repainting of building exteriors and upgrades to the apartment homes, pool area and other common-area amenities. Maple Bay was built in 1971 and features one-, two- and three-bedroom units sized from 1,000 to 1,400 square feet. The property represents Hamilton Zanze’s third disposition this year.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilySoutheastVirginia

Madison Capital, Inlet Property Break Ground on 86-Unit Apartment Development in Charlottesville, Virginia

by John Nelson

CHARLOTTESVILLE, VA. — A joint venture between Madison Capital Group and Inlet Property Co. has broken ground on Madison Charlottesville, an 86-unit apartment development located near the University of Virginia. Situated on a four-acre site off Rio Road, the property will feature studio, one- and two-bedroom apartments ranging in size from 575 to 1,211 square feet. Patterson Real Estate Advisory Group arranged an undisclosed amount of construction financing through Longline Financial on behalf of Madison Capital and Inlet Property. The construction timeline for Madison Charlottesville was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsConnecticutIndustrialNortheastSelf-Storage

Marcus & Millichap Brokers Sale of 350-Unit Self-Storage Property in New Hartford, Connecticut

by Taylor Williams

NEW HARTFORD, CONN. — Marcus & Millichap has brokered the sale of All Star Storage, a 350-unit self-storage facility in New Hartford, located west of the state capital. Built on 8.9 acres in 2016 and renovated in 2023, the seven-building property offers a mix of climate- and non-climate-controlled units. Nathan Coe, Gabriel Coe and Brett Hatcher of Marcus & Millichap, in conjunction with Patrick Lemp with Ascendant Valuation Advisors, represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed. John Krueger of Marcus & Millichap assisted in closing the deal as the broker of record.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityMassachusettsNortheastOffice

Cushman & Wakefield Negotiates 113,382 SF Headquarters Lease in Ayer, Massachusetts

by Taylor Williams

AYER, MASS. — Cushman & Wakefield has negotiated a 113,382-square-foot headquarters lease in Ayer, located northwest of Boston. The industrial building at 3 Nemco Way features 20 tailboard loading docks, high-bay distribution warehouse capabilities and office space. Nick Bruha, Blake Baldwin and Shayne O’Neil of Cushman & Wakefield represented the tenant, laboratory equipment supplier CELLTREAT Scientific Products, in the lease negotiations. The name and representative of the landlord were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Chandler-Airpark-202-Chandler-AZ
AcquisitionsArizonaIndustrialWestern

US Capital Development Sells 402,487 SF Chandler Airpark 202 Industrial Project in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — US Capital Development, along with an undisclosed joint venture partner, has completed the sale of Chandler Airpark 202, a Class A industrial project in Chandler, to an undisclosed leading global private equity firm. Terms of the transaction were not released. Located at 1640-1700 Northrop Blvd., Chandler Airpark 202 features 402,487 square feet spread across four buildings that were all delivered in 2023. Three of the buildings are 100 percent leased to two tenants, bringing the total project occupancy to 57.3 percent. Current tenants include MEI Rigging and Crafting, occupying buildings A and B, and Wedgewood Pharmacy, occupying building C. Will Strong, Michael Matchett and Molly Hunt of Cushman & Wakefield’s National Industrial Advisory Group – Mountain West represented the seller in the deal. Cushman & Wakefield’s Andy Markham, Mike Haenel and Phil Haenel negotiated the existing leases prior to sale. The team has been retained by the buyer to handle leasing efforts for the property, which has a 172,000-square-foot building available.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisIndustrialMidwestSelf-Storage

Hernandez Development, XSITE Real Estate to Build 882-Unit Self-Storage Facility in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Hernandez Development and XSITE Real Estate have received the site plan approval from the Planning and Zoning Department of DuPage County for a Class A self-storage facility in the Chicago suburb of Naperville. Plans for the 120,300-square-foot project include a three-story, climate-controlled self-storage facility with 882 units as well as a one-story Little Sunshine Playhouse & Playschool and a drive-thru-only Scooter’s Coffee. CubeSmart will manage the self-storage portion. According to the development team, the Naperville area currently offers 6.07 square feet of self-storage per person, while the average utilization rate as an indicator of equilibrium is 8.44 square feet. A timeline for construction was not provided.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts