Property Type

Proffitt Dixon Delivers 93,000 SF Self-Storage Facility in Chapel Hill, North Carolina

by John Nelson September 8, 2023

CHAPEL HILL, N.C. — Charlotte-based Proffitt Dixon Partners has completed the development of Carraway Self Storage, a 93,000-square-foot, climate-controlled self-storage facility in Chapel Hill. Located at 500 Myrica St., the property comprises small, medium and large units across four stories. Features include LED sensor lighting, an advanced security system and boat and RV storage options. JLL Charlotte’s Project and Development Services (PDS) team managed the design and construction of the project. Public Storage will operate the property on behalf of Proffitt Dixon.

September 8, 2023

Acquisitions Georgia Multifamily Southeast

Northland Acquires 344-Unit Multifamily Community Near Atlanta

by John Nelson September 8, 2023

LITHIA SPRINGS, GA. — Northland has acquired 670 Thornton, a 344-unit multifamily community located in Lithia Springs, roughly 15 miles west of Atlanta. Totaling 38 residential buildings situated on 46 acres, the property features 20 studio, 146 one-bedroom, 154 two-bedroom and 24 three-bedroom apartments. Amenities include a fitness center, business center, grilling areas, pet park, two pools, theater room, playground, tennis courts and a walking trail, as well as 96 detached garages. Northland plans to implement a valet trash program and SmartRent technology package, install washers and dryers in all units and upgrade finishes in select apartments, along with other site improvements.

September 8, 2023

Development Multifamily Texas

Bridgeview Multifamily to Develop 360-Unit Project in Denton, Texas

by Taylor Williams September 8, 2023

DENTON, TEXAS — Dallas-based Bridgeview Multifamily will develop a 360-unit project in the North Texas city of Denton. The site at 3755 McKinney St. spans 22 acres and is adjacent to the 288-unit Denton Forest Crossing apartment community. The development will consist of 15 three-story buildings that will house one- and two-bedroom units with an average size of 875 square feet. Amenities will include a pool, clubhouse, dog park and outdoor grilling and dining stations. Construction on the unnamed project is expected to begin next summer.

September 8, 2023

Development Multifamily Texas

Triten Real Estate Tops Out 341-Unit Multifamily Project in Houston

by Taylor Williams September 8, 2023

HOUSTON — Locally based developer Triten Real Estate Partners has topped out Phase I of The Mill, a project in Houston’s East End district that will add 341 multifamily units to the local supply. The seven-story building, the site of which originally housed a lumber mill that was constructed in the 1890s, will include 6,000 square feet of retail space and a seven-story parking garage. Units will come in one-, two- and three-bedroom floor plans, and amenities will include a pool, fitness center, clubroom and outdoor grilling and dining stations. Michael Hsu Office of Architecture designed the project, and Arch-Con Corp. is serving as the general contractor. Preleasing will begin in the first quarter of next year.

September 8, 2023

Acquisitions Office Texas

Colliers Arranges Sale of Office Development Site in Metro Houston

by Taylor Williams September 8, 2023

MISSOURI CITY, TEXAS — Colliers has arranged the sale of a 12.5-acre office development site in Missouri City, a southwestern suburb of Houston. The site has over 1,000 feet of frontage on Knights Court Road and is across the street from Elkins High School. Chris Hutcheson, Harrison Kane and James Kadlick of Colliers represented the seller in the transaction. The size and construction schedule of the office condominium park that the undisclosed buyer intends to build on the site have not yet been determined.

September 8, 2023

Industrial Leasing Activity Texas

Oxford Partners Negotiates 41,920 SF Industrial Lease Renewal in Northwest Houston

by Taylor Williams September 8, 2023

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 41,920-square-foot industrial lease renewal in northwest Houston. According to LoopNet Inc., the building at 11710 N. Gessner Road was built in 2015, totals 155,400 square feet and features 30-foot clear heights. Ryan Hartsell and Matt Rogers of Oxford Partners represented the tenant, Wartsila North America, a provider of energy equipment and technologies, in the lease negotiations. William Carpenter and Jeremy Lumbreras of Stream Realty Partners represented the landlord, California-based Panattoni Development.

September 8, 2023

Leasing Activity Office Texas

PNC Bank Signs 15,000 SF Office Lease at The Crescent Fort Worth

by Taylor Williams September 8, 2023

FORT WORTH, TEXAS — Pittsburgh-based PNC Bank has signed a roughly 15,000-square-foot office lease at The Crescent Fort Worth, a mixed-use development in the city’s Cultural District. Members of PNC’s corporate, commercial and private bank teams will relocate to the new space, which features traditional offices and conference rooms with modern high-tech workspaces, early next year. No third-party brokers were involved in the lease negotiations. Crescent Real Estate owns the property.

September 8, 2023

Acquisitions Connecticut Industrial Northeast

WinStanley Acquires Connecticut Industrial Facility Leased to Amazon for $122.3M

by Taylor Williams September 8, 2023

WINDSOR, CONN. — Regional investment firm WinStanley Enterprises has acquired a 1 million-square-foot industrial facility in Windsor, located north of Hartford, that is fully leased to Amazon. The sales price was $122.3 million. The facility was built on an 89.5-acre site in 2014 and features 32-foot clear heights. The seller was German investment firm Deka Immobilien.

September 8, 2023

Public-Storage-Voorhees-Township-New-Jersey

Development Industrial New Jersey Northeast Self-Storage

Basis Industrial to Develop 855-Unit Self-Storage Facility in Voorhees Township, New Jersey

by Taylor Williams September 8, 2023

VOORHEES TOWNSHIP, N.J. — Basis Industrial, a Florida-based owner-operator, will develop an 855-unit self-storage facility in Voorhees Township, located just outside of Philadelphia in Southern New Jersey. The facility will span 113,000 gross square feet and feature climate-controlled space. Construction is scheduled to begin later this month and to be complete in fall 2024. WSFS Bank provided $12.1 million in construction financing for the project. Berkadia arranged the loan on behalf of Basis Industrial. Public Storage will operate the facility.

September 8, 2023

Acquisitions New Hampshire Northeast Retail

Colliers Brokers $8.8M Sale of Shopping Center in Durham, New Hampshire

by Taylor Williams September 8, 2023

DURHAM, N.H. — Colliers has brokered the $8.8 million sale of Mill Road Plaza, a 53,238-square-foot shopping center in Durham, located near the New Hampshire-Massachusetts border. Grocer Hannaford and Rite Aid serve as the anchor tenants of the two-building, 10.6-acre property. Abigail Bachman and David Choate of Colliers represented the seller, Colonial Durham Associates LP, in the transaction. The buyer was regional investment firm Torrington Properties.

September 8, 2023

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