Nebraska

Darland Underway on Expansion of Providence Medical Center in Wayne, Nebraska

by Kristin Harlow October 11, 2021

WAYNE, NEB. — Darland Construction Co. is underway on an expansion and renovation of Providence Medical Center in the eastern Nebraska town of Wayne. Darland is adding a 20,000-square-foot addition to the east side of the hospital’s campus to accommodate the growing imaging and specialty outpatient services. Plans also call for removing a second entry point in favor of one prominent, secure main entry. After the addition is completed, Darland will complete a 20,000-square-foot remodel to include a new surgical suite, management area and administrative offices. Completion is slated for summer 2023.

October 11, 2021

Development Healthcare Midwest Nebraska

R&R Realty, MD West One to Build 38,000 SF Medical Facility in Omaha

by Kristin Harlow September 21, 2021

OMAHA, NEB. — R&R Realty Group and MD West One are partnering to build a 38,000-square-foot medical facility on the east side of 192nd Street in Omaha. MD West One provides orthopedic, neurosurgery and spine care services. The project will be part of Fountain Ridge West, R&R Realty’s business park. Site work, including grading and the installation of utilities, is scheduled to begin in the next few weeks. Construction of the building will kick off this fall, and the facility is expected to be completed over a period of about 16 months.

September 21, 2021

Development Healthcare Midwest Nebraska

NexCore Group, CHI Health Break Ground on 34,668 SF Clinic in Lincoln, Nebraska

by Kristin Harlow August 16, 2021

LINCOLN, NEB. — NexCore Group and Catholic Health Initiatives (CHI) have broken ground on the 34,668-square-foot CHI Health Clinic Yankee Hill in Lincoln. CHI will be the sole tenant in the one-story building, located at 4055 Yankee Hill Road. The facility will offer primary care, physical therapy, behavioral health services and specialty care, imaging services, a laboratory and retail pharmacy. NexCore will own the building, which is slated for completion in summer 2022. McCarthy Building Cos. Inc. is the general contractor and Omaha-based Leo A. Daly is the architect. Englewood, Colo.-based CHI is part of the Chicago-based health system CommonSpirit, which maintains hospitals and care centers in 21 states.

August 16, 2021

Acquisitions Midwest Nebraska Office

Lockwood Development Purchases One Valmont Plaza Office Asset in Omaha for $26.8M

by Kristin Harlow July 23, 2021

OMAHA, NEB. — Lockwood Development has purchased One Valmont Plaza, an office property with two Class A buildings totaling 173,692 square feet in Omaha, for $26.8 million. One building rises four stories and spans 64,335 square feet, while the other rises six stories and totals 109,357 square feet. They are part of the First National Bank Business Park. Steve Sheppard of CBRE represented Lockwood in the sale. Lee Pedersen of CBRE represented the undisclosed seller.

July 23, 2021

Acquisitions Midwest Nebraska Retail

Avison Young Brokers $4.5M Sale of Shopping Mall in Norfolk, Nebraska

by Kristin Harlow July 21, 2021

NORFOLK, NEB. — Avison Young has brokered the $4.5 million sale of Sunset Plaza Mall in Norfolk, a city in northeast Nebraska. The 232,347-square-foot shopping center is located at 1700 Market Lane. The property was lender-owned and was roughly 48 percent occupied at close of escrow. Built in 1968 and renovated in 1994, the mall sits on 31 acres and features a mix of 30 regional and national tenants, including JC Penney, Bath & Body Works, Famous Footwear and GNC. Chris Maling and David Maling of Avison Young represented the seller, Wells Fargo Bank, in the value-add transaction. The duo also procured the buyer, Tennessee-based LBD Properties LLC.

July 21, 2021

Acquisitions Industrial Midwest Nebraska

Investors Realty Brokers $11.4M Sale of Industrial Campus in Omaha

by Kristin Harlow July 9, 2021

OMAHA, NEB. — Investors Realty has brokered the sale of the Hi-Park Campus in Omaha for $11.4 million. The asset consists of eight flex industrial buildings that were fully leased at the time of sale. Located on the southeast corner of 94th and F streets, the campus spans 150,000 square feet. Ember Grummons of Investors Realty represented the buyer, Fulton Acquisitions. Clint Seemann of Investors Realty and John Dickerson of OMNE represented the seller, Hannibal Properties.

July 9, 2021

Acquisitions Midwest Nebraska Office

Investors Realty Brokers $21.9M Sale of Two Office Buildings in Omaha

by Kristin Harlow June 18, 2021

OMAHA, NEB. — Investors Realty has brokered the sale of two office buildings in Omaha for $21.9 million. The single-tenant, Class A properties are located at 17605 and 17645 Wright St. The buildings serve as the headquarters for Orion Advisors Solutions, which maintains approximately 1,000 employees. Ember Grummons of Investors Realty represented the seller, an affiliate of Lockwood Development. Grummons also procured the buyer, Sentinel Net Lease.

June 18, 2021

Loans Midwest Multifamily Nebraska

NorthMarq Arranges $8M Loan for Refinancing of Multifamily Community in Omaha

by Kristin Harlow June 9, 2021

OMAHA, NEB. — NorthMarq has arranged an $8 million loan for the refinancing of Maple Ridge Apartments, a 174-unit multifamily community in Omaha. Bill Mork of NorthMarq arranged the 15-year loan, which features a fixed interest rate of approximately 3 percent and a 30-year amortization schedule. A life insurance company provided the loan on behalf of the undisclosed borrower.

June 9, 2021

Loans Midwest Multifamily Nebraska

CBRE Provides $4.9M Freddie Mac Loan for Multifamily Community in Suburban Omaha

by Kristin Harlow June 7, 2021

RALSTON, NEB. — CBRE has provided $4.9 million in long-term agency financing for Orleans Square Apartments, an 83-unit multifamily community in the Omaha suburb of Ralston. Josh Larsen of CBRE originated the financing through Freddie Mac’s Small Balance Loan program on behalf of the borrower, Thrive Street Living. The 10-year loan features a fixed interest rate of 3.26 percent and amortizes over 30 years.

June 7, 2021

Acquisitions Midwest Nebraska Retail

MAG Capital Partners Sells 88,000 SF Athletic Facility in Lincoln, Nebraska

by Kristin Harlow May 24, 2021

LINCOLN, NEB. — MAG Capital Partners LLC has sold an approximately 88,000-square-foot athletic and tennis facility in Lincoln to the property’s tenant, Genesis Health Clubs. The sales price was undisclosed. MAG Capital Partners purchased the property, located at 5300 Old Cheney Road, in 2017 and leased it to Genesis. The property offers tennis, racquetball, aquatics, youth programs, tanning, massage therapy, a café and pro shop. Plans for a major remodel are underway. Fort Worth, Texas-based MAG Capital Partners is led by principals Dax T.S. Mitchell and Andrew Gi. Genesis operates 57 locations across six states.

May 24, 2021

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