Property Type

Woodmont, Butters, PCCP Break Ground on 303,364 SF Industrial Project in South Florida

by John Nelson July 14, 2023

JUPITER, FLA. — Woodmont Industrial Partners, Butters Construction & Development and PCCP LLC have broken ground on the first building of a 303,364-square-foot industrial project in Palm Beach County. Situated within Palm Beach Park of Commerce in Jupiter, the building, the first of eight, will feature 40-foot clear heights, 60-foot speed bays, 43 dock high doors, two drive-in doors, roughly 196-foot truck courts and 26 trailer parking spaces. Construction of the project is expected to be complete in the second quarter of 2024. The joint venture acquired the property, located at 15430 Corporate Road N, in December 2021.

July 14, 2023

Build-to-Rent Development Georgia Multifamily Single-Family Rental Southeast

Ivey, BCDC to Develop 262-Unit Build-to-Rent Community in Augusta, Georgia

by John Nelson July 14, 2023

AUGUSTA, GA. —Ivey Group and Batson-Cook Development Co. (BCDC) have formed a joint venture partnership for the development of West Park Townhomes, a 262-unit build-to-rent residential community in Augusta. Situated on 29 acres at Wheeler Road, the project is scheduled for delivery beginning in the first quarter of 2024. Amenities at the community will include a clubhouse, swimming pool, fitness room and a pet park. SRP Federal Credit Union will provide construction financing, with Parse Capital as a preferred equity investor. Ivey South Construction will serve as general contractor, and Patterson Real Estate Advisory Group represented the joint venture as the capital placement broker.

July 14, 2023

Acquisitions Florida Retail Southeast

JLL Brokers $39.1M Sale of Publix-Anchored Shopping Center in Jupiter, Florida

by John Nelson July 14, 2023

JUPITER, FLA. — JLL Capital Markets has brokered the $39.1 million sale of Bluffs Square Shoppes, a 123,917-square-foot shopping center located in Jupiter. Constructed in 1986, the property is anchored by Publix. Other tenants at the center, which was 98 percent leased at the time of sale, include Walgreens, Uncle Eddie’s, Anthony’s Women Apparel, Goodwill, The UPS Store, Toojay’s Deli and Cafe Solé. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented the seller, Sterling Organization, in the transaction. BPS Partners acquired the property.

July 14, 2023

Leasing Activity Office Texas

Waste Connections Signs 116,817 SF Office Lease Renewal, Expansion in Metro Houston

by Taylor Williams July 14, 2023

THE WOODLANDS, TEXAS — Waste Connections US Inc. has signed an office lease renewal and expansion in The Woodlands, about 30 miles north of Houston. The publicly traded waste management company now occupies 116,817 square feet across five and a half floors at 3 Waterway Square, an 11-story building located within The Woodlands Town Center mixed-use development. Jason Whittington of Partners Real Estate represented the tenant in the lease negotiations. Robert Parsley, Norman Munoz and Jillian Fredericks with Colliers represented the landlord, The Howard Hughes Corp.

July 14, 2023

Acquisitions Multifamily Seniors Housing Texas

JLL Arranges Sale of 105-Unit Seniors Housing Property in Broken Arrow, Oklahoma

by Taylor Williams July 14, 2023

BROKEN ARROW, OKLA. — JLL has arranged the sale of Prairie House, a 105-unit seniors housing property located in the Tulsa suburb of Broken Arrow. Prairie House was built in 2016 and features 73 assisted living units, ranging from studio to two-bedroom units, and 32 studio memory care units. Charles Bissell, Zach Brantley and Hope Brunner of JLL represented the seller, Prevarian Senior Living, in the transaction and procured the buyer, an entity doing business as TUL ALF 3 LLC. Legend Senior Living, an affiliate of the buyer, will operate the community. The price was not disclosed.

July 14, 2023

Development Office Texas

Crest Builders Completes 15,000 SF Interior Office Renovation Project in Houston

by Taylor Williams July 14, 2023

HOUSTON — General contractor Crest Builders has completed a 15,000-square-foot interior office renovation project in Houston for DECISIO Health, which provides platforms and solutions for aggregating data from electronic health records. Houston-based Griffin Partners owns the building at 520 Post Oak Blvd. Ware Malcomb designed the space. Edward Edson of Colliers represented DECISIO Health in the lease negotiations, and Jill Nesloney of Lee & Associates represented Griffin Partners.

July 14, 2023

Leasing Activity Office Texas

Austin Circuit Design Relocates Office to 7,600 SF Space in Richardson, Texas

by Taylor Williams July 14, 2023

RICHARDSON, TEXAS — Austin Circuit Design has relocated its office from the northeastern Dallas suburb of Garland to a 7,600-square-foot space in nearby Richardson. The new office is in Campbell Square, which totals 84,432 square feet and is located within Richardson IQ, a 1,200-acre innovation and tech hub. Maverick Commercial Real Estate owns Campbell Square.

July 14, 2023

Leasing Activity Office Texas

United Properties Opens New Office at Colorado Tower in Downtown Austin

by Taylor Williams July 14, 2023

AUSTIN, TEXAS — United Properties, a developer with offices in Colorado and Minnesota and Texas, has opened a new, 3,165-square-foot office on the 15th floor of Colorado Tower in downtown Austin. The company has relocated from 1617 W. Sixth St. Atlanta-based Cousins Properties owns Colorado Tower, which spans 373,000 square feet and offers amenities such as a fitness center, conference facility and onsite food-and-beverage options.

July 14, 2023

Acquisitions New York Northeast Office

Kaufman Organization Acquires Manhattan Office Building for $92.5M

by Taylor Williams July 14, 2023

NEW YORK CITY — The Kaufman Organization has acquired 875 Avenue of the Americas, a 26-story, 265,000-square-foot office building in Manhattan’s NoMad neighborhood, for $92.5 million. The building was originally constructed in 1926. Chris Varjan of Lee & Associates led a team that represented the seller, which had owned the property since 1975, in the transaction.

July 14, 2023

Acquisitions Industrial Massachusetts Northeast Self-Storage

Marcus & Millichap Brokers Sale of 1,100-Unit Self-Storage Facility in Peabody, Massachusetts

by Taylor Williams July 14, 2023

PEABODY, MASS. — Marcus & Millichap has brokered the sale of Andover Street Self Storage, a 1,100-unit facility located on the northern outskirts of Boston in Peabody. The facility spans 76,396 net rentable square feet. Nathan Coe, Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was not disclosed. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.

July 14, 2023

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