Property Type

Northside Hospital, Realty Trust Group Open 45,000 SF Medical Center in Snellville, Georgia

by John Nelson October 4, 2023

SNELLVILLE, GA. — Northside Hospital and Realty Trust Group (RTG) have opened a new 45,000-square-foot healthcare clinic in downtown Snellville, a suburb of Atlanta in Gwinnett County. RTG partnered with the Atlanta-based hospital system through the planning and development process, including land acquisition, zoning, design and construction phases. Northside is the operator of the two-story medical office, which features imaging, surgery and orthopedics services. Adjacent to the new medical center is a 7,500-squrae-foot sister building that houses an urgent care. The medical buildings are situated on a 4.6-acre site along Wisteria Drive within The Grove at Towne Center development.

October 4, 2023

Acquisitions Florida Multifamily Southeast

Berkadia Brokers Sale of 320-Unit Reserve at Palmer Ranch Apartments in Sarasota, Florida

by John Nelson October 4, 2023

SARASOTA, FLA. — Berkadia has brokered the sale of Reserve at Palmer Ranch, a 320-unit apartment community located at 4100 Winners Circle in Sarasota. Jason Stanton, Cole Whitaker and David Etchison of Berkadia represented the seller, California-based Strategic Holdings, in the transaction. John Koeijmans of Berkadia’s Dallas office arranged acquisition financing on behalf of the buyer, Wisconsin-based MLG Capital. The 10-year loan featured a fixed interest rate and full-term interest only payments. The loan amount and sales price were not disclosed. Built in 1990, Reserve at Palmer Ranch features primarily two- and three-bedroom apartments, as well as a fitness studio, two resort-inspired pools, bark park, car care center and a courtyard with communal games.

October 4, 2023

Acquisitions Georgia Retail Southeast

Tobin Arranges $15M Sale of Acworth Crossing Shopping Center in Metro Atlanta

by John Nelson October 4, 2023

ACWORTH, GA. — Tobin Real Estate has arranged the $15 million sale of Acworth Crossing Shopping Center, a 120,829-square-foot retail center located on a 15.3-acre site along Cobb Parkway in Acworth, a northwest suburb of Atlanta. Built in 2006, the property’s tenant roster includes Crunch Fitness, PetSmart, popshelf and Dollar Tree. Louie Granteed of Tobin represented the seller, an entity doing business as Monarch at Acworth Crossing LLC, in the transaction. Collin Cambas and Johnny Craig of Matthews Real Estate Investment Services represented the buyer, an entity doing business as Acworth Properties LLC.

October 4, 2023

Acquisitions Office Texas

Parkway Acquires 1.4 MSF CityWestPlace Office Campus in Houston’s Westchase District

by Taylor Williams October 4, 2023

HOUSTON — Parkway, which is a partnership between Orlando-based Parkway Property Investments and Houston-based Midway, has acquired CityWestPlace, a four-building, 1.4 million-square-foot office campus in Houston’s Westchase District. Designed by Keating Mann Jerrigan Rottet and Daniel Mann Johnson & Mendenhall, CityWestPlace was constructed between 1993 and 2001 and renovated in 2020. Amenities include a conference space, multiple food-and-beverage options, two fitness centers, trails and sports fields. Eastdil Secured represented the undisclosed seller, which previously owned an interest in the property, in the transaction. Parkway will continue to operate the property, and Parkway’s development partner, Midway, will oversee the continued development of CityWestPlace.

October 4, 2023

Development Industrial Texas

Street Realty to Develop 140,000 SF Industrial Project in White Settlement, Texas

by Taylor Williams October 4, 2023

WHITE SETTLEMENT, TEXAS — Locally based developer Street Realty will build West Loop Business Park, a 140,000-square-foot industrial project in White Settlement, a western suburb of Fort Worth. West Loop Business Park will comprise 14 shallow-bay buildings on a 12-acre site. Each building will span 9,900 square feet and can be subdivided for multiple tenants or marketed to a single tenant. Construction is scheduled to begin before the end of the year and wrap up in the third quarter of 2024. FirstBank Southwest provided construction financing for the deal.

October 4, 2023

Development Office Texas

KERA to Open New Headquarters Facility in Uptown Dallas, Partners with Kaizen Development

by Taylor Williams October 4, 2023

DALLAS — Public media organization KERA will open a new headquarters facility in Uptown Dallas. The site is adjacent to the Katy Trail, and the square footage has yet to be determined. KERA has also formed a partnership with Kaizen Development to construct the new facility, with construction scheduled to begin late next year. Kaizen also purchased 2.4 acres at the southern end of the site from KERA with plans to build a 400,000-square-foot office building and a residential tower of an undetermined size. Delivery of those projects, which will include 20,000 square feet of retail and restaurant space, is slated for 2027.

October 4, 2023

Industrial Leasing Activity Texas

Dayton Superior Corp. Signs 51,101 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams October 4, 2023

FORT WORTH, TEXAS — Dayton Superior Corp., an Ohio-based concrete supplier, has signed a 51,101-square-foot industrial lease renewal at RiverPark Business Center in Fort Worth. The development consists of two buildings totaling 500,635 square feet on a 25-acre site. Michael Spain and Jason Finch of Bradford Commercial Real Estate Partners represented the landlord, an entity doing business as SCG River Park Business Center LP, in the lease negotiations. Caleb McCoy of JLL represented the tenant.

October 4, 2023

Leasing Activity Retail Texas

Baker Katz Negotiates Three Retail Leases in Houston Area for T-Mobile

by Taylor Williams October 4, 2023

HOUSTON — Locally based brokerage and advisory firm Baker Katz has negotiated three retail leases in the Houston area for T-Mobile. The first deal is for 2,334 square feet in the northeastern suburb of Liberty; the second transaction is for a 2,000-square-foot store in Magnolia, located northwest of the city; and the final lease is for a 3,339-square-foot space in the Galleria District. Jonathan Aron of Hunington represented the landlord in the Liberty deal, and Court Richardson with Ironbridge represented ownership in the Magnolia deal. Bunny McLeod with Wulfe & Co. served as the landlord representative in the third deal.

October 4, 2023

Development Massachusetts Mixed-Use Northeast

RISE Receives Approval for 750,000 SF Mixed-Use Project in Metro Boston

by Taylor Williams October 4, 2023

CHARLESTOWN, MASS. — Locally based developer RISE has received approval from the Boston Planning & Development Agency for a 750,000-square-foot mixed-use project that will be located in the Charlestown area on the city’s north side. Designed by CBT Architects, the project is known as 40 Roland Street and is part of the larger redevelopment of Sullivan Square. Full plans call for 126 residential units, 20 percent of which will be earmarked as affordable housing, as well as 605,300 square feet of office and life sciences space, 31,685 square feet of retail and restaurant space and 70,799 square feet of open green space. These uses will be housed across three buildings and five parcels. The development team, which also expects the project to add about 2,000 permanent jobs to the local economy, will make infrastructural improvements to roadways and landscaping as part of the project.

October 4, 2023

Industrial Loans New York Northeast Self-Storage

Talonvest Capital Arranges $27.8M Bridge Loan for Long Island Self-Storage Facility

by Taylor Williams October 4, 2023

CUTCHOGUE, N.Y. — Boutique financial advisory firm Talonvest Capital has arranged $27.8 million bridge loan for GoodFriend Storage North Fork, a self-storage facility located in the Long Island community of Cutchogue. The borrower, GoodFriend Storage, will use the proceeds to partially fund an expansion project, retire existing debt and support the lease-up of the expansion. The facility currently features 690 climate-controlled units, 213 non-climate-controlled units and 87 warehouse/portable units for a total of 123,174 net rentable square feet. Britt Taylor, Jim Davies, Tom Sherlock, Ivan Viramontes and Lauren Maehler of Talonvest arranged the financing through an undisclosed direct lender.

October 4, 2023

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