Monday, September 1, 2025
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GeorgiaIndustrialLeasing ActivitySoutheast

Stonemont Financial Signs Logistics User to 733,200 SF Industrial Lease in Metro Savannah

by John Nelson

RINCON, GA. — Stonemont Financial Group has signed Armstrong Logistics Inc., a warehousing and logistics service provider based in California, to an industrial lease near Port of Savannah. The logistics firm will fully occupy Building 4A, a 733,200-square-foot cross-dock facility, at Georgia International Trade Center (GITC), a 1,150-acre industrial park in Effingham County that Stonemont Financial is co-developing with The Davis Cos. and Chesterfield. Located in Rincon, the facility features 40-foot clear heights, 175 dock-high doors, four drive-in doors and 208 trailer stalls. Scott Mertz of NAI Global brokered the transaction. Additional partners for the project include Omega Construction as the general contractor, Atlas Collaborative as the architect and Thomas & Hutton as the civil engineer. Stephen Ezelle of Cushman & Wakefield/Gilbert & Ezelle is handling all leasing at GITC. Building 4A is the 10th warehouse that Stonemont Financial has delivered at the park.

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Build-to-RentFloridaLoansMultifamilySingle-Family RentalSoutheast

JLL Arranges $43M Loan for Build-to-Rent Residential Community in Kissimmee, Florida

by John Nelson

KISSIMMEE, FLA. — JLL has arranged a $43 million loan for Solamar Apartment Homes, a 210-unit build-to-rent residential community in Kissimmee, about 22 miles south of Orlando. Max La Cava, Melissa Quinn, Kenny Cutler, Josh Odessky and Pier Barinci of JLL arranged the construction take-out bridge loan on behalf of the borrower, TRUSOT Development. JLL arranged the original $35 million construction loan in 2021. Solamar Apartment Homes was completed in phases, with the final phase delivered in 2023. According to Apartments.com, the property features two- to three-bedroom homes ranging in size from 973 to 1,317 square feet.

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Friendswood-City-Center
DevelopmentMixed-UseTexas

Tannos, Wolfgramm to Develop 106-Acre Mixed-Use Project in Friendswood, Texas

by Taylor Williams

FRIENDSWOOD, TEXAS — A partnership between two locally based firms, Tannos Development Group and Wolfgramm Capital, will develop a 106-acre mixed-use project in Friendswood, a southeastern suburb of Houston. Friendswood City Center will feature an apartment complex with roughly 500 units and a luxury hotel with a convention center that can house up to 500 people. Plans also call for approximately 150,000 square feet of retail and restaurant space and 200,000 square feet of medical and office space. The development will also have a 52-acre public park with more than four miles of walking and jogging trails and a fishing lake with a pier. Various infrastructural improvements are also being made as part of the project. The City of Friendswood is partnering with Tannos and Wolfgramm on Friendswood City Center, which represents more than $750 million in regional capital investment.

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DevelopmentFloridaLeasing ActivityMixed-UseRetailSoutheast

Publix Opens 48,000 SF Grocery Store in Sarasota, Florida

by John Nelson

SARASOTA, FLA. — Publix Super Markets has opened a 48,000-square-foot grocery store at Fruitville Farms, a mixed-use development underway in Sarasota. Benderson Development is the master developer of the public-private partnership, which will feature 600 apartments, 150,000 square feet of retail and restaurants and a new 120,000-square-foot Sarasota County Administration Center. Located at the intersection of Fruitville Road and Lakewood Ranch Boulevard, the new Publix is the first tenant to open at the shopping center within Fruitville Farms.

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AcquisitionsDevelopmentIndustrialTexas

Younger Partners Arranges Sale of 76-Acre Industrial Development Site in Grayson County, Texas

by Taylor Williams

GRAYSON COUNTY, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a 76-acre industrial development site located along FM 1417 in Grayson County, about 70 miles north of Dallas. The site offers immediate proximity to Texas Instruments’ semiconductor manufacturing plant in Sherman and will be marketed to industrial users supporting that facility. John St. Clair, Davis Willoughby and Tyler Hemenway of Younger Partners represented the seller, a family estate, in the transaction. The buyer was a local entity doing business as Investment Catalysts LLC.

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AcquisitionsOfficeTexas

Newmark Brokers Sale of 120,789 SF Office Building in Southwest Austin

by Taylor Williams

AUSTIN, TEXAS — Newmark has brokered the sale of Plaza on the Lake, a 120,789-square-foot office building in southwest Austin. The three-story building was originally constructed on 4.6 acres in 1985 and underwent a $5 million renovation in 2021. Chris Murphy, Robert Hill and Gary Carr of Newmark represented the seller, an undisclosed institutional investment firm, in the transaction. The buyer was an affiliate of Austin-based Endeavor Real Estate Group.

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Company NewsHealthcareTexas

Walmart Health to Open 18 New Facilities Across Texas

by Taylor Williams

TEXAS — Walmart Health will open 18 new facilities across Texas in the coming months, including three clinics in the Houston area that opened earlier this year. Of the remaining 15 facilities, 10 will be located in the Dallas-Fort Worth metroplex, and the other five will also be in the Houston area. The location in the southwestern Houston suburb of Sugar Land marks the 50th nationwide for Walmart Health, which originally launched in 2019.

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Leasing ActivityOfficeTexas

Weider Fitness & Health Signs 5,500 SF Office Lease in Westlake, Texas

by Taylor Williams

WESTLAKE, TEXAS — Weider Fitness & Health has signed a 5,500-square-foot office lease in the North Texas city of Westlake. The space is located within The Terraces, an eight-building, 1.1 million-square-foot development that was originally constructed as a campus for IBM and recently underwent a $25 million repositioning. Haley Hullett of JLL represented the landlord, Chicago-based Glenstar, which bought the property in 2019, in the lease negotiations.

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Ivy-&-Green-Hackensack
DevelopmentMultifamilyNew JerseyNortheast

Hornrock Properties Begins Leasing 168-Unit Apartment Complex in Hackensack

by Taylor Williams

HACKENSACK, N.J. — Locally based developer Hornrock Properties has begun leasing a 168-unit multifamily project in the Northern New Jersey community of Hackensack. Designed by Minno & Wasko Architects, the six-story building represents Phase II of a larger development known as Ivy & Green, Phase I of which totaled 221 units. Residences come in studio, one- and two-bedroom floor plans, and the campaign begins with 30 percent of the units preleased. Ivy & Green offers amenities such as a pool, coworking spaces, private conference rooms, a gaming lounge, speakeasy bar, demonstration kitchen, theater and music studio, a children’s playroom, fitness center, pet spa and package lockers. Monthly rents start at $2,215 for a studio.

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Affordable HousingDevelopmentLoansMassachusettsMultifamilyNortheast

MassDevelopment Provides $24.5M in Bond Financing for Metro Boston Affordable Housing Project

by Taylor Williams

CHELSEA, MASS. — MassDevelopment has provided $24.5 million in tax-exempt bond financing for a 66-unit affordable housing project that will be located just south of Boston in Chelsea. The building at 170 Cottage St. will ultimately house 11 three-bedroom units, 43 two-bedroom apartments and 12 one-bedroom residences. Units will be reserved for households earning up to 30, 50 or 60 percent or the area median income. The development will also include onsite parking and 15,000 square feet of open green space. A subsidiary of Eastern Bank purchased the bond, and the project is also being funded by $19.7 million in federal tax credits. The developer is nonprofit agency The Community Builders.

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