DANBURY, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the sale of 62 Chestnut Street, a 36-unit student housing complex that serves Western Connecticut State University in Danbury. Built in 2010, the property offers townhome-style units that come in two- and three-bedroom floor plans, some of which include attached garages. Jeff Wright and Rich Edwards of NEPCG represented the seller, a Connecticut-based developer, in the transaction. The buyer was not disclosed.
BELLEVILLE, N.J. — Locally based brokerage firm The Kislak Co. Inc. has negotiated the $4.7 million sale of a 28-unit multifamily property in the Northern New Jersey community of Belleville. The property at 5-22 Carpenter Terrace consists of seven buildings that each house four units, several of which have value-add potential. Matt Weilheimer and Tom Scatuorchio of Kislak represented the seller, an entity doing business as Belleville28 LLC, in the transaction. The duo also procured the buyer, Rodani Homes LLC.
ASTON, PA. — Delaware-based Emory Hill Construction has completed the renovation of a 26,520-square-foot Goodwill store in Aston, a southwestern suburb of Philadelphia. Big Lots formerly occupied the space, which is located within Village Green Shopping Center. The redesigned layout features a 20,408-square-foot sales floor, a 5,830-square-foot processing area and a 1,209-square-foot mezzanine area that houses an employee breakroom, restrooms, manager’s office and server room.
HOUSTON — Houston-based Midway, in collaboration with 3Edgewood and Parkway, has unveiled plans for Central Park Post Oak, a mixed-use redevelopment project located in Houston’s Uptown District. Formerly Post Oak Central, the co-developers will revitalize the 17-acre campus to include additional retail, new restaurants and green space. Midway and Parkway formed a joint venture to acquire the campus in October 2023 before recently buying out their investment partners. Developed by Gerald D. Hines Interests in the 1970s, the campus currently contains three office buildings totaling 1.2 million square feet and 90,000 square feet of retail space. Redevelopment of the property will comprise more than 150,000 square feet of mixed-use retail and restaurant space, including 60,000 square feet of new construction. Two additional buildings will be developed along Post Oak Boulevard with a “prominent jewel box restaurant” planned at the corner of Ambassador Way. To create a more walkable district, the City of Houston recently completed a $192 million renovation of Post Oak Boulevard that featured widened sidewalks and streets, new lighting and nearly 1,000 oak trees. Midway also plans to reposition several of the site’s heritage live oak trees to create a more pedestrian-friendly environment. “We are reimagining Central Park …
HOUSTON — Marquette Cos. has begun leasing Tempo at White Oak, a 304-unit apartment community in Houston’s Woodland Heights neighborhood. The six-story building, which is situated across from White Oak Music Hall, offers studio, one- and two-bedroom floor plans that range in size from 515 to 1,340 square feet. Private balconies/patios are available in select units, and all residences feature quartz countertop kitchen islands, designer soft-close cabinetry and stainless steel appliances. Amenities include a pool, fitness center, sky lounge, outdoor grilling and dining stations, courtyard, pickleball court and a dog run. Rents start at $1,635 per month for a studio apartment.
FALLS CHURCH, VA. — Wells Fargo has provided a $150 million Freddie Mac loan for Skyline Towers, a Class B multifamily property located at 5599 Seminary Road in Falls Church, roughly 10 miles west of Washington, D.C. The property features two 26-story apartment towers comprising 940 apartments. The undisclosed borrower will use the loan to refinance an existing Wells Fargo balance sheet loan. According to the property website, Skyline Towers offers studio, one-, two- and three-bedroom apartments, as well as a social lounge, fitness center, swimming pool with a pool deck, outdoor grilling area with lounge seating, concierge services and weekday shuttle service. The property also includes an onsite market and dental office.
MADISON, TENN. — Trent Development Group has opened Birchstone Village, a 228-unit affordable housing community located at 616 N. DuPont Ave. in Madison, about 12 miles northeast of downtown Nashville. The community is a redevelopment of the former Berkshire Place Apartments. Key financial and civic partners in the project include Pathway Lending, Amazon Housing Equity Fund, Regions Bank, Metro Nashville’s Barnes Housing Trust Fund, JPMorgan Chase, the Metropolitan Development and Housing Agency and the Tennessee Housing Development Agency. Trent Development and Pathway Lending hosted a ribbon-cutting ceremony for the property last week. Birchstone Village offers one-, two- and three-bedroom floorplans, along with a community lounge, learning center, sports court and a fitness center, according to the property website. Additionally, Family Affairs Ministries offers residents with resources including job placement coaching, financial literacy classes, tutoring and community meals.
SPARTANBURG, S.C. — Walker & Dunlop has arranged $40 million in acquisition financing for The Lively at Drayton Mills, a 297-unit apartment community located at 225 Milliken St. in Spartanburg. The borrower is BridgeGaps Real Estate, a New York City-based multifamily investment and management firm. Jared Sobel led the Walker & Dunlop team that arranged the financing, which comprised a $31 million Freddie Mac loan and a $9 million preferred equity investment from W&D Investment Partners, an alternative investment manager backed by Walker & Dunlop. Orange Capital Advisors sold the property to BridgeGaps for $53 million. David Lansbury, Jim Sewell and Erika Maston of Berkadia represented the seller in the transaction. Built in 2023, The Lively at Drayton Mills features studio, one-, two- and three-bedroom apartments, as well as a walking/biking trail, dog park, bocce ball court, fitness center and a swimming pool.
ATLANTA — Patterson Real Estate Advisory Group has secured the refinancing for Bellyard, a 161-room Marriott Tribute Portfolio hotel located in Atlanta’s West Midtown district. Delivered in 2021, the hotel serves as an anchor for The Interlock, a $450 million mixed-use-development by SJC Ventures that was sold to Armada Hoffler in 2023. Patterson arranged the loan through Connecticut-based LoanCore Capital on behalf of the borrower, Bellyard Partners LLC, the hotel’s ownership entity comprising West 14th Hospitality LLC and Atlantic American Partners.
CHARLOTTE, N.C. — Coinbase, a digital currency wallet and platform for merchants and consumers, has leased 58,600 square feet of space at 110 East, a 23-story, Class A office building located in Charlotte’s South End district. Coinbase will occupy the 18th and 19th floors at 110 East to serve as the cryptocurrency exchange’s “Center of Excellence,” which will house 130 employees. Conor Brennan of JLL represented Coinbase in the lease transaction. Jennifer Kurz, John Hannon and Rhea Greene with Trinity Partners represented the landlord, Shorenstein. Other tenants at 110 East include SouthState Bank, Humana and Iberian Pig, a Spanish tapas restaurant.