REBusinessOnline

Author Archives

Peloton Land Solutions Relocates Headquarters to AllianceTexas, Taps New Principal

FORT WORTH, TEXAS — Peloton Land Solutions, a Fort Worth-based consulting and engineering firm, has moved its corporate headquarters to Alliance Town Center, Hillwood Commons I in Fort Worth. The company has leased more than 11,000 square feet of the Class A office complex, located within the city’s 900-acre, mixed-use business community, AllianceTexas. Peloton has also appointed Travis Clegg as its new business development manager.

February 21, 2017

St. Clair Commercial Realty Purchases Seven Industrial Buildings in Austin

AUSTIN, TEXAS — St. Clair Commercial Realty (SCCR) has purchased seven industrial buildings totaling 211,000 square feet on Techni Center Drive in Austin. While all buildings are located on separate parcels and vary in size from 3,600 to 36,000 square feet, the firm intends to collectively rebrand them as the “Techni Center Business Park.” Ryan Wilson and Matt Fain of Equitable Commercial Realty procured the sale for SCCR and have been retained to handle leasing as well.

February 21, 2017

Coldwell Banker Secures Sale of Former Star-Telegram Plaza in Arlington

ARLINGTON, TEXAS — American Motorcycle Trading Co., a supplier of pre-owned motorcycles, has acquired the former Star-Telegram Plaza, a two-story, 37,800-square-foot building at 3201 Airport Freeway in Arlington. At the time of sale, the property, which includes both office and retail space, had been vacant for a full year. Renee Efimoff represented the buyer of record, B&B Family Partnership, while Greg Hoffman of Colliers International represented the seller, Aberfeldy Properties Inc., a..

February 21, 2017

JLL Finalizes Sale of Multifamily Property in Temple, Texas

TEMPLE, TEXAS — JLL Capital Markets has completed the sale of the Brentwood Apartments, a 128-unit, garden-style multifamily complex located at 3000 W. Adams Ave. in Temple, to RDO Properties LLC. Featuring a swimming pool, clothing care center and covered parking space, the complex is situated on 12.8 acres that were included in the purchase. JLL’s Scott LaMontagne, Moses Siller and Zar Haro represented the seller, the Estate of Leonard Apt, in the transaction. Proceeds from the sale will..

February 21, 2017

The Silver Group Brokers Sale of Single-Tenant Investment Property in Metro San Antonio

NEW BRAUNFELS, TEXAS — The Silver Group has arranged the sale of a 2.1-acre parcel featuring a 12,000-square-foot facility at 244 Creekside Crossing in New Braunfels, a northern suburb of San Antonio. Christus Santa Rosa Healthcare most recently leased the property, which shares the intersection of Interstate 35 and FM 306 with the Town Center at Creekside and Resolute Hospital. The Silver Group represented both the buyer and the seller, whose names were not disclosed.

February 21, 2017

Proffitt Dixon to Develop Multifamily Community in Uptown Charlotte

CHARLOTTE, N.C. — Proffitt Dixon Partners plans to develop Montage, a six-story, 302-unit multifamily development in Uptown Charlotte. An affiliate of Creek Lane Capital LLC, a Chicago-based real estate investment firm, is providing joint venture equity for the development, and Pacific Life Insurance Co. is providing a $46.5 million construction loan. Travis Anderson and Cory Fowler led HFF’s debt and equity placement team in both transactions on behalf of Proffitt Dixon. Situated at the..

February 21, 2017

Inspirit, Care Investment Trust Acquire Seniors Housing Community in Memphis

MEMPHIS, TENN. — A joint venture between Inspirit Senior Living and Care Investment Trust has acquired Foxbridge, a 120-bed independent living, assisted living and memory care community in Memphis. The seniors housing property is located on eight acres. The seller was the property’s former operator, United Methodist Homes. The sales price was undisclosed. The new owners plan to implement improvements to the back-office systems, buildings, furnishings, fixtures and grounds. Inspirit will..

February 21, 2017

CiTYR Group Buys Apartment Community in Metro Atlanta Using $19.5M Bridge Loan

TUCKER, GA. — CiTYR Group has purchased LaVista Crossing, a 240-unit apartment community in the Atlanta suburb of Tucker. The Israeli-based property investor financed its acquisition with a $19.5 million bridge loan provided by KeyBank Real Estate Capital. Michael Muller of Eastern Union Funding arranged the loan on behalf of CiTYR, which plans to upgrade the property’s amenities. CiTYR has selected Atlanta-based CFLane LLC, a subsidiary of Cocke Finkelstein Inc., to oversee management of..

February 21, 2017

NAI Brannen Goddard Brokers $9.4M Sale of Office Property in Metro Atlanta

JOHNS CREEK, GA. — NAI Brannen Goddard has brokered the $9.4 million sale of a 75,273-square-foot office building situated within the 1,900-acre Technology Park Johns Creek development. The multi-tenant, Class A office building is located at 11360 Lakefield Drive in Johns Creek, a suburb of Atlanta in Fulton County. David Beak of NAI Brannen Goddard represented the seller, Block Income Fund, in the transaction. The buyer was City of Johns Creek, which intends to use the property as its City..

February 21, 2017

NorthMarq Arranges $4M Refinancing of Grocery-Anchored Retail Property in Metro Tampa

BRANDON, FLA. — NorthMarq Capital has arranged the $4 million refinancing of Lithia Square, a 69,007-square-foot, grocery-anchored retail property located at 901-927 Lithia Pinecrest Road in Brandon, about 12 miles east of Tampa. Walmart Neighborhood Market is on a ground lease at the property, and Walmart owns the building. Robert Hernandez of NorthMarq Capital’s Tampa office arranged the 10-year loan with a 30-year amortization schedule through a national CMBS lender.

February 21, 2017