Property Type

NASHVILLE, TENN. — Canyon Partners Real Estate and J.P. Morgan have co-originated a $174.6 million construction loan for the recapitalization of One22One, a 24-story office tower in Nashville. The borrower, a joint venture between locally based GBT Realty and Koch Real Estate Investments, delivered the Class A property last summer. One22One comprises 373,232 square feet of office space, 16,938 square feet of retail space and 13 stories of parking totaling 930 spaces. Amenities include a conference center, outdoor terrace overlooking downtown Nashville, tenant lounge, port cochere and a fitness center. Tenants include law firm Bradley Arant Boult Cummings LLP, FirstBank, which will also relocate its headquarters to One22One, and Slalom, a global management consulting company.

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SUMMERVILLE, S.C. — Brentwood, Tenn.-based development firm GBT Realty Corp. has obtained an $88 million construction loan for The Village at Carnes Crossroads, a 306-unit multifamily community in Summerville. The property will be the latest multifamily component for the 2,300-acre Carnes Crossroads master-planned development in metro Charleston. Matt Stewart and Chip Sykes of JLL arranged the loan through Bank of America and Meta Real Estate Partners. The multifamily community will be situated directly across from The Marketplace at Carnes Crossroads, a Publix-anchored shopping center. Set to open first units in spring 2025, The Village at Carnes Crossroads will feature a mix of studio, one-, two- and three-bedroom units. Amenities will include separate small- and large-breed dog parks, a resort-style saltwater pool with lounge deck, outdoor kitchen, club room with catering kitchen and golf stimulator, fitness complex and a coworking center, as well as 11,000 square feet of retail space. The design-build team includes architect Dynamik Design, civil engineer Thomas & Hutton and general contractor Samet Corp.

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CHARLOTTE, N.C. — Stiles and Shorenstein Properties have topped out 110 East, a 23-story office tower located at 110 East Blvd. in Charlotte’s South End district. The Class A, 370,000-square-foot tower will be situated atop the LYNX Blue Line platform and provide direct access to the Charlotte Rail Trail. The co-developers expect to deliver 110 East in March 2024. The design-build team, which includes Nashville-based Hastings Architecture and general contractor Shelco LLC, have achieved LEED Gold and WiredScore Platinum certifications. The property will feature a 900-space parking garage, fitness center, flexible conference spaces, 5,800 square feet of commercial space on the rail platform. Jessica Brown and David Dorsch of Cushman & Wakefield are handling the office leasing assignment at 110 East, and Adam Williams of Legacy Real Estate Advisors is handling retail leasing.

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Doerr-Lane-Logistics-Center-Schertz

SCHERTZ, TEXAS — Atlanta-based developer Ackerman & Co., in partnership with Baltisse US Inc., has completed Doerr Lane Logistics Center, a 307,000-square-foot industrial project in Schertz, a northeastern suburb of San Antonio. The Class A, tilt-wall distribution center features 32-foot clear heights, 78 overhead dock doors, an ESFR sprinkler system and parking for 318 automobiles and 96 trailers. Beaty Palmer Architects designed the project, and Kopplow Construction served as the general contractor. Partners Real Estate is the leasing agent.

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adjacent to the Fort Worth Alliance Airport, with immediate access to State Road 114 and I-35.

FORT WORTH, TEXAS — Victaulic, a producer of piping and fire protection products, has acquired a 213,581-square-foot, newly built industrial property in Fort Worth. The developer, Stonemont Financial Group, broke ground on the project in late 2021 with plans to deliver a speculative facility. Victaulic approached Stonemont several months into construction to purchase the shell, which the company then designed and built out to its specifications. Trey Fricke of Lee & Associates represented Victaulic in the acquisition of the property, which features 98 parking spaces, 35 trailer stalls and 38 dock doors. Ann Jaggars and Tony Creme of KBC Advisors represented Stonemont.

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ARLINGTON, TEXAS — Dallas-based investment sales brokerage firm STRIVE has arranged the sale of College Crossing, a 13,910-square-foot retail strip center in Arlington. Hudson Lambert of STRIVE represented the seller and procured the buyer, both of which were locally based entities that requested anonymity, in the transaction. The center was fully leased at the time of sale to tenants such as Caress Dental, Soleil Cutz, Crown’s BBQ and Foxi Nails.

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SPRING, TEXAS — Locally based brokerage firm Newcor Commercial Real Estate has negotiated the sale of an 8,300-square-foot office building located at 26414 Oak Ridge Drive in the northern Houston suburb of Spring. According to LoopNet Inc., the property was built in 1971 and renovated in 2022. Ryan Dierker of Newcor represented the owner and former occupant, TruRealty Properties, in the transaction. Adriatico Group represented the buyer, Voss Law.

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SAN ANTONIO — Houston-based brokerage firm Finial Group has secured a 6,800-square-foot industrial lease at 1053 Grubb St. in San Antonio. According to LoopNet Inc., the property, which offers renovated office and warehouse space, was built in 1979 and features 14- to 18-foot clear heights. David Durham, Patrick Rubsamen and Jack Gaffney of Finial Group represented the landlord, Sea of Japan Holdco LLC, in the lease negotiations.

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I-76-Trade-Center-Philadelphia

PHILADELPHIA — Atlanta-based developer Portman has acquired 169 acres in West Philadelphia for the construction of I-76 Trade Center, an industrial park that will ultimately total approximately 1.9 million square feet. To be developed in two phases, I-76 Trade Center will be a three-building campus, with vertical construction of Phase I scheduled to begin in the fall. Phase I will feature a 636,120-square-foot building that is slated for an August 2024 delivery. Phase II will include a 1.1 million square-foot-facility and a 154,440-square-foot building. Portman expects to have substantially completed the project by the first quarter of 2025.

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NEW YORK CITY — Locally based brokerage firm Rosewood Realty Group has arranged the $36.5 million sale of a 15-story mixed-use building located at 159-161 W. 54th St. in Manhattan’s Hell’s Kitchen neighborhood. The building was originally constructed in 1923 and houses 42 apartments, five retail spaces and 11 office suites. Aaron Jungreis, Ben Khakshoor and Alex Fuchs of Rosewood represented the seller, a partnership between private investor Sol Kurtz and Rubin Schron of Cammeby’s International, in the transaction. The trio also procured the buyer, a private family office.

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