Saturday, September 26, 2026
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IowaLeasing ActivityMidwestOffice

Kraus-Anderson Opens New Regional Office in Des Moines

by Kristin Harlow

DES MOINES, IOWA — General contractor and construction manager Kraus-Anderson (KA) has opened a new regional office in Des Moines. The move complements the company’s expansion, which includes new regional offices that opened this year in Fargo, N.D., and Phoenix. KA’s experience in Iowa dates to 1981, featuring 184 projects totaling more than $343 million. Bryan Michael will serve as director of operations in KA’s Iowa office. He is a construction and development professional with over 20 years of experience in the Iowa market, most recently serving as co-owner of Des Moines-based PDC Partners. KA’s Des Moines office will be located at 100 Court Ave. Built in 1901, the property is listed on the National Register of Historic Places by the U.S. Department of the Interior. The building has been renovated several times since 2008.

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AcquisitionsIndustrialSouth CarolinaSoutheast

JLL Brokers Sale of 158,340 SF Distribution Facility in Summerville, South Carolina

by John Nelson

SUMMERVILLE, S.C. — JLL has brokered the sale of Jedburg Logistics Park – Building 2, a 158,340-square-foot distribution facility located at 237 Jedburg Road in Summerville, a suburb of Charleston. Clarion Partners purchased the newly constructed facility from a partnership between Trinity Capital Advisors and Hartford Investment Management Co. The sales price was not disclosed. The property was fully leased at the time of sale to an unnamed global e-commerce company and features 32-foot clear heights, ESFR sprinklers and parking for automobiles and trailers.

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AcquisitionsAlabamaRetailSoutheast

Halpern Enterprises Acquires 60,767 SF Shopping Center in Madison, Alabama

by John Nelson

MADISON, ALA. — Atlanta-based Halpern Enterprises Inc. has acquired Heritage Square, a 67,767-square-foot shopping center located at 7696 Highway 72 NW in Madison, a suburb of Huntsville. Franklin Street represented the seller, Fairway Investments, in the transaction. The sales price was not disclosed. Built in 2008, Heritage Square was fully leased at the time of sale to tenants including a 28,000-square-foot T.J. Maxx anchor store.

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DevelopmentMichiganMidwestMixed-UseOfficeTop Stories

Bedrock, GM Unveil Redevelopment Proposal for Renaissance Center in Downtown Detroit

by Kristin Harlow

DETROIT — Developer Bedrock and General Motors Co. (NYSE: GM) have unveiled a conceptual plan to redevelop the Renaissance Center (RenCen) and 27 acres along the Detroit riverfront. According to the companies, the plan preserves the essence of Detroit’s skyline, right-sizes the RenCen’s footprint and connects the site to the heart of downtown. A surrounding entertainment district would feature restaurants, hospitality, residential and market space and complement Detroit’s Riverwalk, which draws more than 3.5 million annual visitors to the city. The project has an estimated price tag of $1.6 billion, according to Crain’s Detroit Business. First opened in 1976, RenCen is widely considered Michigan’s most iconic and recognizable property and serves as the headquarters of GM. The automaker purchased the asset in 1996 and has invested more than $1 billion in improvements to date. Earlier this year, GM unveiled its plans to leave RenCen for Hudson’s Detroit, the redevelopment of the former J.L. Hudson’s department store currently underway by Bedrock. GM plans to take occupancy in 2025. GM and Bedrock established a partnership earlier this year to study redevelopment opportunities for the RenCen site along with the City of Detroit and Wayne County. A team of urban planners, architects and …

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AcquisitionsOfficeTexas

Newmark Brokers Sale of Three Metro Dallas Office Buildings Totaling 304,099 SF

by Taylor Williams

CARROLLTON, TEXAS — Newmark has brokered the sale of three office buildings totaling 304,099 square feet in the northern Dallas metro of Carrollton. The buildings are numbered 8, 9 and 10 within International Business Park, a 300-acre mixed-use development that includes retail and multifamily components. Chris Murphy, Robert Hill and Gary Carr of Newmark represented the seller, locally based developer Billingsley Co., in the transaction. The buyer was undisclosed. The campuswide occupancy rate at International Business Park was 79 percent at the time of sale.

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AcquisitionsMultifamilyTexas

NewStreet, Thane Partners Acquire 178-Unit Riley Apartments in Burleson, Texas

by Taylor Williams

BURLESON, TEXAS — A joint venture between NewStreet Properties LLC and Thane Partners has acquired The Riley, a 178-unit apartment complex in Burleson, approximately 16 miles south of Fort Worth. Completed in 2023, The Riley offers one-, two- and three-bedroom units and amenities such as a pool, dog spa and park, fitness center, wine bar, rideshare pick-up lounge, game area with shuffleboard and a clubhouse with an activity center and coworking offices. Grant Raymond and Asher Hall of Cushman & Wakefield represented the seller, Corsair Ventures, in the transaction. The sales price was not disclosed.

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AcquisitionsLoansRetailTexas

Marcus & Millichap Arranges Sale, Financing of 90,327 SF Shopping Center in Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has arranged the sale and financing of Providence Plaza, a 90,327-square-foot shopping center in Houston. Built on 7.7 acres in 1984 on the city’s southwest side and renovated in 2018, the property was 97 percent occupied at the time of sale. Tenants at the center include Dollar Tree and Spec’s Wines, Spirits & Foods. Alex Wolansky and Gus Lagos of Marcus & Millichap represented the seller, Whitestone REIT, in the transaction. Additionally, Jamie Safier of Marcus & Millichap Capital Corp. (MMCC) originated an undisclosed amount of acquisition financing on behalf of the unnamed buyer.

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Knox-Street-Dallas
Leasing ActivityOfficeTexas

Paul Hastings LLP Preleases 37,000 SF of Office Space at Knox Street Development in Dallas

by Taylor Williams

DALLAS — Global law firm Paul Hastings LLP has preleased 37,000 square feet of office space at a 1 million-square-foot mixed-use development that is under construction in the Knox Street area of Dallas. The development’s 150,000 square feet of office space is now fully preleased ahead of its 2026 completion date, with ISN Software Corp. committed as the anchor tenant. Clay Hammerstein, Harlan Davis, Ken Rapp, Morgan Griffith and Phil Pucket of CBRE represented the tenant in the lease negotiations. Trey Smith, Alexandra Cullins and Ben Davis, also with CBRE, represented the landlord, a joint venture that includes Trammell Crow Co. and MSD Partners.

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Leasing ActivityOfficeTexas

Audacy Signs 24,000 SF Office Lease at Lakeside Square in North Dallas

by Taylor Williams

DALLAS — Audacy, a Pennsylvania-based entertainment and media holding company, has signed a 24,000-square-foot office lease at Lakeside Square in North Dallas. The 409,544-square-foot building is located at the intersection of North Central Expressway and the LBJ Freeway. The new space includes recording equipment and sound studios. Deme Mekras and Travis Boothe of Cushman & Wakefield represented Audacy in the lease negotiations. Trevor Franke, Gini Rounsaville and Hudson Neuhoff of JLL represented the landlord, Acram Group.

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AcquisitionsFloridaRetailSoutheast

CBRE Brokers Sale of 460,136 SF Britton Plaza Shopping Center in South Tampa

by John Nelson

TAMPA, FLA. — CBRE has brokered the sale of Britton Plaza, a 460,136-square-foot shopping center located at 3900 S. Dale Mabry Highway in south Tampa. Pennsylvania-based Brixmor Property Group purchased the Publix-anchored property for an undisclosed price. Dennis Carson, Casey Rosen, Michael Etemad and Sriram Rajan of CBRE represented the seller, a private investor that owned the property for more than 50 years. David Conn, Denny St. Romain and Scott Peek of CBRE assisted in the transaction. Britton Plaza is situated on 32 acres near Tampa Bay and downtown Tampa. The property’s tenant roster includes Publix Liquors, Marshalls, Burlington, Michaels, Dollar Tree, Pet Supermarket, Dunkin’ and Taco Bell. The acquisition of Britton Plaza represents a prime value-add and/or redevelopment opportunity for the new owner due to store vacancies in recent years including Stein Mart, Beall’s Outlet and Big Lots, according to local media outlets.

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