Development

Presidium Begins Construction on 344-Unit Multifamily Project in Metro Dallas

by Taylor Williams April 14, 2022

FARMERS BRANCH, TEXAS — Texas-based developer Presidium has begun construction on Presidium Valley View, a 344-unit multifamily project located in the northern Dallas metro of Farmers Branch. Units at Presidium Valley View will come with stainless steel appliances, quartz countertops, kitchen islands, built-in desks, private balconies, keyless entry mechanisms and individual washers and dryers. Indoors, the property will house a fitness center, clubroom area, coffee bar, theater lounge with a golf simulator and coworking spaces. Outdoor amenities will include a pool, yoga lawns, grilling areas and a pet park/spa. Dallas-based O’Brien Architects is the project architect. Phase I of the development is scheduled to be complete in late 2023.

April 14, 2022

Acquisitions Development Industrial Texas

DWG Capital Group Arranges Sale of 7.6-Acre Industrial Development Site in Bastrop, Texas

by Taylor Williams April 14, 2022

BASTROP, TEXAS — DWG Capital Group has arranged the sale of a 7.6-acre development site in Bastrop, about 30 miles east of Austin, that is zoned to support cold storage, distribution/warehousing or light retail development. The site consists of two adjacent parcels spanning 5.3 and 2.3 acres that are proximate to Tesla’s $1 billion Gigafactory. The buyer, an undisclosed Austin-based developer, plans to construct a self-storage or industrial flex building at the site with tentative plans to break ground in 2023. Judd Dunning of DWG Capital Group represented the seller, Fort Worth-based MAG Capital Partners, as well as the buyer, in the transaction.

April 14, 2022

Development Florida Multifamily Southeast

AHS Residential Opens 420-Unit Oak Enclave Apartments in Miami Gardens, Florida

by Julia Sanders April 14, 2022

MIAMI GARDENS, FLA. — AHS Residential has opened Oak Enclave, a 420-unit multifamily community in Miami Gardens. Oak Enclave offers one-, two- and three-bedroom floorplans in five buildings. Unit features includes a private balcony or patio, high ceilings, granite countertops and stainless-steel appliances. Community amenities include a resort-style pool, fitness center, clubhouse and private parking. According to Apartments.com, rents range from $1,961 to $3,636 a month. Located at 2301 N.W. 167th St., the property is 13.4 miles from downtown Miami and 12.1 miles from Miami International Airport.

April 14, 2022

Development Industrial Midwest Wisconsin

HSA Commercial to Develop Three New Spec Warehouses Totaling 1.2 MSF in Southeast Wisconsin

by Kristin Harlow April 13, 2022

SOMERS AND OAK CREEK, WIS. — Chicago-based HSA Commercial Real Estate has unveiled plans to build three new speculative warehouses totaling nearly 1.2 million square feet in Southeast Wisconsin. Highland Commerce Center of Somers will span 910,000 square feet in Somers. Construction is scheduled to begin in the third quarter with completion slated for the second quarter of 2023. The project will feature a clear height of 40 feet. OakView II Industrial will span 154,810 square feet with a clear height of 32 feet. The project will be situated within the OakView Business Park in Oak Creek. Construction is scheduled to begin in June with completion slated for October. HSA also plans to build 150 West Oakview Industrial in the OakView Business Park. That building will span 131,244 square feet with a clear height of 32 feet. Construction is expected to begin in May and wrap up in September. The project team for all three buildings includes Pinnacle Engineering Group as civil engineer and Chicago-based Partners in Design as architect. PREMIER Design + Build Group will serve as general contractor for the Somers project, while Riley Construction will build both properties in Oak Creek.

April 13, 2022

Acquisitions Development Illinois Industrial Midwest

Panattoni Acquires 29 Acres in Aurora, Illinois, Plans 356,462 SF Spec Industrial Development

by Kristin Harlow April 13, 2022

AURORA, ILL. — Panattoni Development has purchased 29 acres in Aurora with plans to build a 356,462-square-foot speculative industrial development. Panattoni expects to break ground on the project this month. The industrial facility will feature a clear height of 36 feet, 34 loading docks, 139 trailer positions and 290 car parking spaces. Completion is slated for the third or fourth quarter of this year. Nick Krejci and Noel Liston of Darwin Realty/CORFAC International represented Panattoni in the acquisition. Darwin has been retained to market the project for lease.

April 13, 2022

Development Industrial Southeast Virginia

Clayco Breaks Ground on 330,000 SF Tyson Foods Facility in Southern Virginia

by Julia Sanders April 13, 2022

DANVILLE, VA. — Clayco has broken ground on Tyson Foods’ new poultry processing facility in Danville. Construction started last month and is slated for completion by the spring of 2023. Built on a 64-acre site, the project will be used primarily for the production of fully cooked, Tyson-branded chicken products. Tyson Foods has committed to purchasing 60 million pounds of Virginia-grown chicken over the next three years. The chicken processing plant’s features will include a mezzanine level, ASRS cold storage structure, raw materials storage, production and packaging space, a two-story space for offices, and cold storage spaces that will range in temperatures throughout the building. A wastewater treatment plant will also be included. Lamar Johnson Collaborative is the designer for the project, with Clayco in charge of designing and building. Other project partners include Concrete Strategies, Tucker Jones and Stock Engineering.

April 13, 2022

Arizona Development Industrial Western

VanTrust Real Estate Breaks Ground on 150-Acre Peoria Logistics Park in Arizona

by Amy Works April 13, 2022

PEORIA, ARIZ. — VanTrust Real Estate has broken ground on Phase I of Peoria Logistics Park, a 150-acre Class A industrial park in Peoria. Situated two miles east of Loop 101, Peoria Logistics Park will consist of up to eight buildings ranging from 100,000 square feet to 600,000 or more square feet. The first phase will feature a 157,000-square-foot distribution center, built for a Fortune 500 company, which is slated to open in early 2023. The 17.5-acre site will feature a modern industrial warehouse with the ability to accommodate future expansion. Willmeng Construction is serving as general contractor for Phase I. Cooper Fratt and John Werstler of CBRE represented VanTrust in the lease transaction and Ted Liles of Cresa represented the landlord. Butler Design Group is serving as architect for the project.

April 13, 2022

Development Multifamily New Jersey Northeast Seniors Housing

Marquis Health Completes $3M Seniors Housing Renovation Project in Point Pleasant, New Jersey

by Taylor Williams April 13, 2022

POINT PLEASANT, N.J. — Marquis Health Consulting Services has completed a $3 million renovation project at Crest Pointe Rehabilitation & Healthcare Center, located near the Jersey Shore. The centerpiece of the renovation was the addition of a 3,000-square-foot rehab therapy gym and the incorporation of an activities of daily living suite. Other renovations included a lobby/reception area redesign and expansion, reconfigured and updated dining area and lounges and updates to resident rooms.

April 13, 2022

Arizona Development Industrial Western

ViaWest Group, Nicola Wealth Real Estate Plan Three Industrial Buildings in Mesa, Arizona

by Amy Works April 12, 2022

MESA, ARIZ. — ViaWest Group and Nicola Wealth Real Estate have acquired a 20.7-acre industrial development site in Mesa from an undisclosed seller for $9.7 million. The companies plan to develop Advanced Industrial Park, a three-building, Class A industrial complex, on the site. Totaling 335,066 square feet, the park will consist of a 122,690-square-foot Building A, a 131,737-square-foot Building B and an 80,639-square-foot Building C. Buildings are divisible down to approximately 20,000 square feet and will be available for multiple users. The project team includes Cawley Architects, JMC Engineering, GC and Clayco. Construction is scheduled to begin in May for delivery in first-quarter 2023. Jackie Orcutt of CBRE brokered the land sale and helped ViaWest and Nicola Wealth Real Estate define a business plan for the development.

April 12, 2022

California Development Multifamily Seniors Housing Western

Calson Management Buys Development Parcel for 128-Unit Seniors Housing Community in Livermore, California

by Amy Works April 12, 2022

LIVERMORE, CALIF. — Hunter Street and Mana Investments have sold a nine-acre parcel of land in the Bay Area city of Livermore to Calson Management, a California-based specialist in senior living construction and operations. Located within The Well at Sunset mixed-use project, the site is approved for a 130,000-square-foot, 128-unit seniors housing complex. Construction is scheduled to begin late this year for completion in late 2024. The property will include independent living, assisted living and memory care services. The design’s footprint will preserve green space and walking trails around the complex. “We’re excited to watch the Calson team continue the project and complete our vision for a high-quality housing facility. We know this addition will be a value-add, not just for The Well at Sunset, but also for the wider Livermore community,” says Sean Rohland, managing director at Hunter Street. “The pandemic presented unforeseen complexity, and we were fortunate to partner with Calson to reach an outcome that is favorable to all.” The Well at Sunset was originally constructed in 1978 but had been vacant for several years until it was purchased by Hunter Street and Mana Investments in 2018. What followed was the revitalization of the plaza, as The …

April 12, 2022

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