Property Type

Marcus & Millichap Negotiates $14.5M Sale of Vacant Office Building in Alpharetta, Georgia

by John Nelson January 17, 2024

ALPHARETTA, GA. — Marcus & Millichap has negotiated the $14.5 million sale of Woodside Terrace, a four-story office building located at 3755 Mansell Road in Alpharetta, a northern suburb of Atlanta. The vacant property spans 123,982 square feet and is situated on a 9.9-acre site. Bob Johnson and Paul Johnson of Marcus & Millichap’s Atlanta office represented the seller, Ravi Zacharias International Ministries (RZIM), in the transaction. The buyer is Free Chapel Worship Center. The office building features an onsite café, fitness center, lakeside patio area and a fully operational TV and recording studio. Marcus & Millichap also represented RZIM when the company purchased the asset in 2016.

January 17, 2024

Acquisitions Georgia Southeast Student Housing

Matthews Brokers $5.9M Sale of Student Housing Community Near University of West Georgia

by John Nelson January 17, 2024

CARROLLTON, GA. — Matthews Real Estate Investment Services has brokered the $5.9 million sale of The Cottages UWG, a 26-unit student housing community located at 324 Brumbelow Road near the University of West Georgia (UWG) campus in Carrollton. Developed in 2013, the property spans 37,760 square feet and was 98 percent occupied at the time of sale. Austin Graham of Matthews represented the undisclosed seller in the transaction. The buyer, a Florida-based investor, has development rights to add 42 beds to the property.

January 17, 2024

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 1,503-Unit Self-Storage Portfolio in North Texas

by Taylor Williams January 17, 2024

SPRINGTOWN, PARADISE AND WEATHERFORD, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of eight self-storage facilities totaling 1,503 units in North Texas. The facilities span a combined 222,275 net rentable square feet and are located in Springtown and Paradise, both of which are northwest of Fort Worth, as well as in the southern Dallas suburb of Weatherford. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based investment groups that requested anonymity, in the transaction.

January 17, 2024

Development Industrial Texas

Link Logistics Completes 778,950 SF Industrial Project in The Colony, Texas

by Taylor Williams January 17, 2024

THE COLONY, TEXAS — New York City-based Link Logistics has completed the second and final phase of Live Oak Logistics, an industrial project in the northern Dallas suburb of The Colony that added 778,950 square feet of space across four buildings to the local supply. The Phase II buildings range in size from 115,920 to 395,000 square feet, feature clear heights as high as 36 feet and can support manufacturing, warehousing and distribution users. GSR Andrade designed the project, and MW Builders served as the general contractor.

January 17, 2024

Development Office Texas

Midway Unveils Plans for 320,000 SF Office Building at CITYCENTRE in West Houston

by Taylor Williams January 17, 2024

HOUSTON — Midway has unveiled plans for a 320,000-square-foot office building within the locally based developer’s CITYCENTRE mixed-use destination in West Houston. The 19-story building, which will be known as CITYCENTRE Six, will sit on a nine-story podium parking structure and include 12,000 square feet of retail and restaurant space. Midway has also secured an undisclosed anchor tenant to occupy 65 percent of the office space. The design team includes architect of record Kirksey, Munoz + Albin Architecture & Planning and OJB Landscape Architecture. Construction is scheduled to begin in the second quarter and to be complete in 2026.

January 17, 2024

Acquisitions Multifamily Texas

Greysteel Arranges Sale of 64-Unit Kings Landing Apartments in Mansfield, Texas

by Taylor Williams January 17, 2024

MANSFIELD, TEXAS — Greysteel has arranged the sale of Kings Landing, a 64-unit apartment complex located in the southern Fort Worth suburb of Mansfield. The property was built in phases between 1975 and 1985 and was fully occupied at the time of sale. Units come in one- and two-bedroom floor plans with an average size of 765 square feet. Doug Banerjee and Sterling Warren of Greysteel represented the seller, an entity doing business as 1300 Dallas LLC, in the transaction. The duo also secured the buyer Tri-City Equity Group, which plans to implement a value-add program.

January 17, 2024

Development Retail Texas

GBT Realty to Develop 42,000 SF Shopping Center in Kyle, Texas

by Taylor Williams January 17, 2024

KYLE, TEXAS — GBT Realty Corp., a developer based in metropolitan Nashville, will build The Shops at The Brick & Mortar District, a 42,000-square-foot shopping in the southern Austin suburb of Kyle. A 23,250-square-foot Sprouts Farmers Market grocery store will anchor the center, which will be situated within the 2,200-acre Plum Creek master-planned development. Vertical construction is scheduled to begin this quarter, and completion is slated for spring 2025.

January 17, 2024

Affordable Housing Development Multifamily New York Northeast

Conifer Realty, CPP to Renovate 526-Unit Affordable Seniors Housing Property in Rochester, New York

by Taylor Williams January 17, 2024

ROCHESTER, N.Y. — A partnership between locally based owner-operator Conifer Realty and Community Preservation Partners (CPP) will renovate Andrews Terrace, a 526-unit affordable seniors housing complex in the upstate New York city of Rochester. Built in 1975, the waterfront property consists of two buildings that rise 19 and 22 stories and house one- and two-bedroom units for seniors age 62 and above and disabled residents. A partnership between KeyBank Community Development Lending & Investment and Goldman Sachs Asset Management provided $135.6 million in Low-Income Housing Tax Credit equity and $200 million in construction financing to fund renovations and preserve the property’s affordability status. All apartments will receive upgraded countertops, painting, appliances, fixtures and cabinets. Common areas, including the lobby, community room, management office, maintenance shop and parking garage, will be renovated with drywall repairs, painting, new flooring and HVAC upgrades as needed. There will also be several new outdoor additions to the community, including a community garden on the property’s terrace, grandparents’ playground, a seating and grilling area and bocce ball courts. Indoor amenities will include a fitness room, game room, reading nook and two community rooms with serve-in kitchens. New mailboxes with parcel boxes will also be installed. Lastly, …

January 17, 2024

Development Leasing Activity New York Northeast Office

Signature Acquisitions Launches Renovation, Secures Two Renewals at Office Building in Tarrytown, New York

by Taylor Williams January 17, 2024

TARRYTOWN, N.Y. — Signature Acquisitions has launched a renovation of the lobby, cafeteria and other common areas at Tarrytown Corporate Center, a 180,000-square-foot office building located on the northern outskirts of New York City.The regional owner-operator has also secured two lease renewals at the building: a 20,538-square-foot deal with coworking firm Regus and a 7,581-square-foot deal with office technology and IT firm Atlantic Tomorrow. Jeff Smith internally represented Signature Acquisitions in both sets of lease negotiations. Peter Dana, Jason Lee and Craig Ruof of Colliers represented Regus, and Harland Hollander of Savills represented Atlantic Tomorrow. Ownership has tapped JLL to lease the building following the completion of the capital improvement program.

January 17, 2024

Acquisitions Massachusetts Multifamily Northeast Seniors Housing

JLL Arranges Recapitalization of 80-Unit Seniors Housing Property in Ashland, Massachusetts

by Taylor Williams January 17, 2024

ASHLAND, MASS. —JLL has arranged the recapitalization of the Residence at Valley Farm, an 80-unit seniors housing property located about 25 miles west of Boston in Ashland. LCB Senior Living developed the three-story facility on a 2.9-acre site in 2015. Under the terms of the recapitalization, LCB Senior Living will stay on as co-owner, while Blue Moon Capital Partners will replace Bridge Investment Group as the other owner. Jay Wagner, Rick Swartzand Jim Dooley led the JLL investment sales and advisory team on the deal.

January 17, 2024

Newer Posts

Older Posts