OMAHA, NEB. — NorthMarq Capital has arranged a $14.2 million Fannie Mae loan for the refinancing of Chateau at Hillsborough in Omaha. The 114-unit apartment property is located at 4804 North 133rd Plaza. Amenities include a fitness center, clubhouse, dog park and dry-cleaning pick-up. John Reed of NorthMarq arranged the 10-year loan, which features a 30-year amortization schedule. The borrower was not disclosed.
PAPILLION, NEB. — NorthMarq Capital has arranged a $22 million loan for the refinancing of Shadow Lake Square Apartments in Papillion, a southern suburb of Omaha. The 264-unit property is located at 7451 Shadow Lake Plaza. Floor plans at the property, completed earlier this year, range from 606 to 1,260 square feet. Jason Kinnison of NorthMarq arranged the loan. A life insurance company provided the loan.
LINCOLN, NEB. — Nebraska Innovation Campus Development Corp. (NICDC) and Tetrad Property Group have broken ground on an 80,000-square-foot office building at Nebraska Innovation Campus in Lincoln. The three-story building will feature a business incubator and common spaces designed for collaboration. Completion is slated for the third quarter of 2018. Richard Meginnis and Sally DeLair of NAI FMA Realty are marketing the building for lease. Nebraska Innovation Campus is a research campus designed to facilitate partnerships between the University of Nebraska and private sector businesses.
GRAND ISLAND, NEB. — Dougherty Funding LLC has provided a $7 million loan for the acquisition of Conestoga Mall in Grand Island, about 100 miles west of Lincoln. The 556,795-square-foot shopping center is located at 3404 W. 13th St. and is 93 percent leased. Tenants include Sears, Best Buy, JC Penney, Dillard’s and Younkers. Dougherty served as lead lender and servicer for the loan on behalf of Conestoga Realty LLC. Joel J. Gorjian of Uber Capital Group LLC arranged the loan.
BELLEVUE, NEB. — NorthMarq Capital has arranged a $7.1 million Freddie Mac loan for the refinancing of Summit South Apartments in Bellevue, a southern suburb of Omaha. The apartment property, constructed in late 2016, consists of 75 units. Jason Kinnison of NorthMarq arranged the loan.
OMAHA, NEB. — Medical Solutions has signed a 49,983-square-foot office lease renewal at Westroads Business Park in Omaha. As part of the renewal, Medical Solutions expanded its office space, located at 1010 N. 102nd Court, by 8,902 square feet. Steven Edlefsen and Johnny Dorn of Cresa represented the national healthcare staffing provider in the lease transaction. Dale Scott of CBRE-Mega represented the landlord, Westplex Limited Partnership IV.
OMAHA, NEB. — Capital One has arranged a $14.6 million Fannie Mae loan for the acquisition of Maplewood Estates in Omaha. The 397-unit manufactured housing community was built in 1973. The 10-year loan features a 30-year amortization schedule. Damon Reed of Capital One arranged the loan. The purchase was part of a 1031 exchange. Capital One also provided financing for the acquisition of Country Acres Village, a manufactured housing community in Kalamazoo, Michigan.
OMAHA, NEB. — Hy-Vee Inc. has signed a 115,560-square-foot industrial lease in Omaha. The 185,000-square-foot building, located at 11651 S. 154th St., is now fully leased. Other tenants include Blackhawk Industrial Distribution Inc. and Tire Operations LLC. Hy-Vee will use the space as a warehouse as well as a central kitchen to supply its fresh food items to surrounding stores. The company maintains over 240 stores throughout the Midwest. Michael W. Miller, Colm Breathnach and Andy Ash of Colliers International represented the Landlord, DAMMM1 LLC.
OMAHA, NEB. — Cushman & Wakefield/The Lund Co. has arranged the sale of the Omaha Highlands portfolio in Omaha for $33.3 million. The 438-unit portfolio includes The Club at Highland Park Apartments and Terrace Garden Townhomes. Built in 1972, The Club at Highland Park is located at 11402 Evans St. Built in 1974, Terrace Garden is located at 10100 Grand Plaza. New York-based Briar Capital Management purchased the portfolio. Scott Koethe of Cushman & Wakefield/The Lund Co. represented the undisclosed seller in the transaction.
GRAND ISLAND, NEB. — Marcus & Millichap has brokered the sale of Continental Gardens in central Nebraska for $10.3 million. The 150-unit apartment property is located at 3111 College St. Built in 1977 with 120 units, the property was expanded in 2016 with an additional 30 units. Bradley Barham and Max Helgeson of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a local private investment partnership.