Tuesday, August 26, 2025
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DevelopmentIndustrialSoutheastTennessee

Urban Story Ventures to Invest $28M for New Industrial Facility in Chattanooga

by John Nelson

CHATTANOOGA, TENN. — Urban Story Ventures plans to invest $28 million for the development of a new industrial facility located within the Centre South Riverport Industrial Park in Chattanooga. The property will be situated on a 19-acre site along Amnicola Highway and the Tennessee River. The new industrial/flex facility will include at least 185,000 square feet of light to heavy industrial or logistics space, with the potential for 40,000 square feet of mezzanine space. Urban Story Ventures plans for the facility to feature several loading docks, ample parking and gated entry. The design-build team includes general contractor Grace Construction and architect Method Architecture. The construction timeline was not disclosed, though the locally based developer plans to break ground on Thursday, March 21.

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AcquisitionsBuild-to-RentFloridaMultifamilySingle-Family RentalSoutheast

Shoreham Capital Sells 175-Unit Build-to-Rent Residential Community in Metro Orlando

by John Nelson

POINCIANA, FLA. — Shoreham Capital has sold The Preserve at Poinciana, a 175-unit build-to-rent residential community underway in suburban Orlando. An unnamed state pension fund purchased the property via a separate account managed by Heitman. Tyler Swidler, Brett Moss and Matt Mitchell of Berkadia represented Shoreham Capital in the transaction. The sales price was not disclosed. JNS Homes is building the single-family community and expects to complete the development in the third quarter. Situated on 27 acres, The Preserve at Poinciana will feature three- and four-bedroom homes spanning 2,000 to 2,300 square feet. Amenities will include attached garages, a resort-style pool, green space, children’s playground, dog run and walking trails.

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AcquisitionsGeorgiaRetailSoutheast

Marcus & Millichap Arranges $7.5M Sale of Shopping Center in Monroe, Georgia

by John Nelson

MONROE, GA. — Marcus & Millichap has arranged the $7.5 million sale of Paradise Shoppes, a 23,500-square-foot retail center located at 1986 W. Spring St. in Monroe, about 44 miles east of Atlanta. An unnamed private equity firm based in Tulsa purchased the shopping center in an all-cash transaction from the seller, a private equity partnership. Both parties requested anonymity. The seller’s representative, Marc Irvin of Marcus & Millichap’s Atlanta office, says the company yielded more than 20 offers during marketing. Paradise Shoppes comprises two separate parcels, with one including a 5,300-square-foot building anchored by Truist Bank and Moe’s Southwest Grill. The other parcel comprises an 18,200-square-foot inline retail building leased to a mix of national, regional and local tenants. Additionally, there is a vacant pad between Starbucks and Chick-fil-A included in the sale.

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The-Stayton-at-Museum-Way-Fort-Worth
AcquisitionsMultifamilyTexas

Buckner Retirement Services Acquires 296-Unit Seniors Housing Property in Fort Worth

by Taylor Williams

FORT WORTH, Texas — Nonprofit senior living provider Buckner Retirement Services has acquired The Stayton at Museum Way in Fort Worth. The 11-story continuing care retirement community features 188 independent living units, 42 assisted living units, 20 memory care units and 46 skilled nursing units. The seller, Lifespace Communities, acquired The Stayton in 2019 and has operated it since that time. The anticipated closing date for the purchase is June 2024 but may occur as soon as late April, according to the buyer. 

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Company NewsLeasing ActivityRestaurantRetailTexas

Johnny Rockets to Open 20 New Texas Restaurants Over Next Decade

by Taylor Williams

LOS ANGELES — FAT (Fresh. Authentic. Tasty.) Brands Inc., the Los Angeles-based parent company of 17 restaurant concepts, has inked a new development deal to open 20 new Johnny Rockets restaurants across Texas over the next 10 years. The locations were not disclosed, but the first restaurant is set to open sometime this year. The new locations will open in partnership with Brame Holdings LLC, a San Antonio-based private investment company with a portfolio of franchised restaurants and automotive stores.

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IndustrialLeasing ActivityTexas

Oxford Partners Negotiates 45,590 SF Industrial Sublease in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 45,590-square-foot industrial sublease in northwest Houston. According to LoopNet Inc., the building at 7350 Langfield Road was constructed in 2012 and totals 120,953 square feet. Jacob Summers and Stephen Hazen of Oxford Partners represented the sublessee, food distributor Very Best of Texas Inc., in the lease negotiations. Savannah Smith and Joseph Smith of CBRE represented the sublessor, Cinch Kit LLC, a provider of cabinet refacing services.

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AcquisitionsIndustrialTexas

Finial Group Arranges Sale of 21,250 SF Industrial Building in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 21,250-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 12543 Perry Road was built on 1.4 acres in 2003 and features 21-foot clear heights and 11 drive-in doors. Jason Gibbons and Tyler Holt of Finial Group represented the seller in the transaction, and Jim Rock of Avison Young represented the buyer. Both parties requested anonymity.

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Leasing ActivityRetailTexas

Polygon Physical Therapy Signs 2,087 SF Retail Lease in West Houston

by Taylor Williams

HOUSTON — Polygon Physical Therapy has signed a 2,087-square-foot retail lease in West Houston. The space at 12303 Westheimer Road is located within Shadowbriar Shopping Center and represents the provider’s fifth location in the Houston area. Ashley Casterlin of Davis Commercial represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

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Affordable HousingDevelopmentMassachusettsMultifamilyNortheast

Beacon Communities Completes 210-Unit Affordable Housing Redevelopment Project in Boston

by Taylor Williams

BOSTON — Nonprofit owner-operator Beacon Communities has completed a 210-unit affordable housing redevelopment project in Boston’s Back Bay neighborhood. The project converted a historic YWCA building that was originally constructed in 1929 into a residential complex for low-income renters and formerly homeless individuals. The property at 140 Clarendon St. now features studio and one-bedroom units and amenities such as a fitness center, community room, library, computer learning center and a wellness office. The redevelopment preserved the spaces of Lyric Stage Co., the Snowden School and other nonprofits currently residing in the building.

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Alder-Boston
DevelopmentMassachusettsMultifamilyNortheast

Bozzuto Begins Leasing 165-Unit Apartment Complex in Boston

by Taylor Williams

BOSTON — Maryland-based owner-operator Bozzuto has begun leasing Alder, a 165-unit apartment complex located within the Allston Yards mixed-use development in Boston. Alder offers studio, one-, two- and three-bedroom floor plans, with 21 units reserved as affordable housing. Amenities include a fitness center, game room, pet spa, concierge service, outdoor deck, library and a package room. A 52,000-square-foot Stop & Shop grocery store will also open in Alder’s ground floor this summer. Rents start at $2,900 per month for a studio apartment.

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