Property Type

Maverick Holdings Sells 7,793 SF Office, Retail Property in Strasburg, Colorado

by Amy Works November 27, 2023

STRASBURG, COLO. — Trevey Commercial Real Estate has arranged the sale of an office and retail property located at 1477 Main St. in Strasburg, a small town approximately 30 miles east of Denver. Maverick Holdings LLC sold the building to Strasburg Management Group for $1.3 million. Situated on 0.2 acres, the freestanding, owner-user building features 7,793 square feet of office and retail space. Heath Honbarrier and Nick Beach of Trevey Commercial Real Estate represented the seller, while Matt Trone of Cushman & Wakefield represented the buyer in the deal.

November 27, 2023

Acquisitions Colorado Office Western

NorthPeak Commercial Brokers Sale of 5,657 SF Office Building in Denver

by Amy Works November 27, 2023

DENVER — NorthPeak Commercial Advisors has negotiated the sale of an office building located at 1638-1640 Logan St. in Denver. The asset traded for $1.2 million, or $221 per square foot. The undisclosed buyer plans to add a coffee shop to the first floor of the 5,657-square-foot building and keep the existing office tenants on the upper floors. Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors represented the undisclosed seller in the deal.

November 27, 2023

Leasing Activity Retail Texas

CoCo Bella Beauty to Open 12,530 SF Store at Fort Bend Town Center in Metro Houston

by Taylor Williams November 27, 2023

MISSOURI CITY, TEXAS — CoCo Bella Beauty Supply will open a 12,530-square-foot store at Fort Bend Town Center, a 144-acre retail development by NewQuest Properties in Missouri City, roughly 20 miles southwest of Houston. Bob Conwell and Andrew Alvis represented NewQuest on an internal basis in the lease negotiations. Joanna Temple Johnston of Temple Commercial Realty represented Coco Bella. The opening is slated for February.

November 27, 2023

Leasing Activity Office Texas

Intrusion Signs 10,705 SF Office Lease at Plano Tower

by Taylor Williams November 27, 2023

PLANO, TEXAS — Cybersecurity firm Intrusion has signed a 10,705-square-foot office lease at Plano Tower, a 225,445-square-foot building located on the northern outskirts of Dallas. The building houses amenities such as a recently upgraded lobby and conference center, as well as a fitness center and a deli. Chris Mathis of Newmark represented the tenant in the lease negotiations. Boxer Property Group owns the building.

November 27, 2023

Industrial Leasing Activity Texas

Toshiba America Renews 9,569 SF Industrial Flex Lease in Farmers Branch, Texas

by Taylor Williams November 27, 2023

FARMERS BRANCH, TEXAS — Toshiba America Business Solutions Inc. has renewed its lease for 9,569 square feet of industrial flex space at 4350 Spring Valley Road in the northern Dallas metro of Farmers Branch. Jason Finch of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as SB Tech Center LLC, in the lease negotiations. Brooke Benedict of Colliers represented the tenant.

November 27, 2023

Affordable Housing Development Illinois Midwest Multifamily

Housing Trust Group Opens $18.2M Affordable Housing Community in Arlington Heights, Illinois

by Kristin Harlow November 27, 2023

ARLINGTON HEIGHTS, ILL. — Housing Trust Group (HTG) has opened Crescent Place, an $18.2 million affordable housing community in the Chicago suburb of Arlington Heights. The community marks HTG’s entry into the Illinois market. HTG developed the property in partnership with nonprofit developer Turnstone Development Corp. Crescent Place offers 40 units that are reserved for residents who earn up to 60 percent of the area median income. Monthly rents range from $621 to $1,489, while units range from 646 to 880 square feet. Amenities at the four-story development include a community room, library, computer café, fitness room, resident garden, outdoor patio, tenant storage compartments, bicycle storage and 80 outdoor parking spaces. Funding for Crescent Place included a $10.9 million construction loan and a $1.6 million permanent loan from BMO Harris Bank; $12.1 million in 9 percent Low Income Housing Tax Credit equity from National Equity Fund; $4 million from the COVID-19 Affordable Housing Grant Program provided by the Illinois Housing Development Authority; and a $110,214 ComEd grant for building according to Energy Star efficient standards. The project team included general contractor Henry Bros Co., civil engineer Groundwork, landscape architect Krogstad Land Design, architect UrbanWorks Architecture, interior designer Frosolone Interiors, …

November 27, 2023

Acquisitions Illinois Industrial Lee & Associates Midwest

Lee & Associates Brokers Sale of 94,490 SF Industrial Facility in Schaumburg, Illinois

by Kristin Harlow November 27, 2023

SCHAUMBURG, ILL. — Lee & Associates has brokered the sale of a 94,490-square-foot industrial facility in the Chicago suburb of Schaumburg for an undisclosed price. Constructed in 1988, the building is located at 2050 Mitchell Blvd. adjacent to Schaumburg Regional Airport. Terry Grapenthin, Michael Plumb and Ryan Earley of Lee & Associates represented the undisclosed seller. Nick Krejci and Noel Liston of Core Industrial Realty represented the buyer, a manufacturing user.

November 27, 2023

Acquisitions Industrial Midwest Ohio

Comunale Acquires 19,671 SF Industrial Building in Hilliard, Ohio

by Kristin Harlow November 27, 2023

HILLIARD, OHIO — Comunale Properties has acquired a 19,671-square-foot industrial building located on Parkway Lane in Hilliard, a northwest suburb of Columbus. The purchase price was undisclosed. The seller will lease back a portion of the property’s warehouse space on a short-term basis while relocating its operations. Immediately upon acquisition, Comunale leased the remainder of the building to a national mechanical, fire protection and HVAC services company that will eventually occupy the entire premises. Situated on three acres, the building features a clear height of 24 feet. Ray Boll and Jeff Boll of RJ Boll Realty represented the undisclosed seller.

November 27, 2023

Leasing Activity Midwest Retail Wisconsin

Dollar Tree Signs 10,500 SF Retail Lease in Wauwatosa, Wisconsin

by Kristin Harlow November 27, 2023

WAUWATOSA, WIS. — Dollar Tree has signed a 10,500-square-foot retail lease at 12120 W. Burleigh St. in the Milwaukee suburb of Wauwatosa. Emily Smits and Mike Fitzgerald of Mid-America Real Estate represented the landlord, an entity doing business as CPG Wauwatosa LLC. The shopping center is named Burleigh Square.

November 27, 2023

Loans Multifamily New Jersey Northeast

JLL Arranges $49.5M Loan for Refinancing of Central New Jersey Apartments

by Taylor Williams November 27, 2023

CLARK, N.J. — JLL has arranged a $49.5 million loan for the refinancing of Walnut Hill, a 177-unit apartment complex in Clark, about 23 miles southwest of New York City. The newly built property features one-, two- and three-bedroom units and amenities such as a fitness center, pool, clubhouse with lounges and a game room. About 15 percent (28 units) of the residences are reserved as affordable housing. Evan Pariser, Matthew Pizzolato and Jackie Ferrer of JLL arranged the 10-year, fixed-rate loan through Nationwide. The borrower was an affiliate of locally based developer Garden Communities.

November 27, 2023

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