Property Type

Lionstone Investments Trades 12-Story Midtown Plaza Office Building in Raleigh’s North Hills District

by John Nelson January 4, 2024

RALEIGH, N.C. — Lionstone Investments has sold Midtown Plaza, a 12-story office building located in Raleigh’s North Hills submarket. The buyer and sales price were not disclosed, but the Triangle Business Journal reported the asset traded for $132 million. Completed in 2017, the 329,747-square-foot property was fully leased at the time of sale to tenants including Altera, Gilead Sciences and Fifth Third Bank. Ryan Clutter, Richard Reid, Daniel Flynn, C.J. Liuzzo, Sarah Holloway and Woody Flythe of JLL represented Lionstone, which was working on behalf of an institutional investor.

January 4, 2024

Acquisitions Industrial Texas

Marcus & Millichap Brokers Sale of 228-Unit Self-Storage Facility in Hillsboro, Texas

by Taylor Williams January 4, 2024

HILLSBORO, TEXAS — Marcus & Millichap has brokered the sale of Lock & Key Storage, a 228-unit facility that sits on a 10.2-acre site in Hillsboro, located roughly midway between Fort Worth and Waco. Danny Cunningham, Jon Danklefs, Brandon Karr, Dave Knobler and Mixson Staffel of Marcus & Millichap represented the seller in the transaction. The team also procured the buyer, a limited liability company. Both parties requested anonymity.

January 4, 2024

Acquisitions Florida Southeast Student Housing

Harrison Street, Michaels Sell 551-Bed Student Housing Community Near University of West Florida

by John Nelson January 4, 2024

PENSACOLA, FLA. — A joint venture between Harrison Street and The Michaels Organization has sold The Next, a 551-bed student housing community located near the University of West Florida campus in Pensacola. CBRE National Student Housing’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer represented the seller, in partnership with CBRE Jacksonville Multifamily’s Ryan Hixon. WFI acquired the property for an undisclosed price. The Next offers fully furnished units with bed-to-bath parity. Shared amenities include a clubhouse, game room, computer center, tanning station, resort-style swimming pool, fitness center and study rooms on each floor.

January 4, 2024

Acquisitions Retail Texas

EDGE Realty Partners Arranges Sale of 70,227 SF Shopping Center in Metro Houston

by Taylor Williams January 4, 2024

THE WOODLANDS, TEXAS — EDGE Realty Partners has arranged the sale of College Park Plaza, a 70,227-square-foot shopping center in The Woodlands, about 30 miles north of Houston. The center was built in 2004 and is home to tenants such as Uptown Salons, Café Express, The Blood Center, Amerejuve MedSpa and Woof Gang Bakery & Grooming. Chace Henke and Micha van Marcke of EDGE represented the buyer, Last Mile Investments, in the transaction. The seller and sales price were not disclosed.

January 4, 2024

Acquisitions Maryland Retail Southeast

Synergy Investment Fund Acquires 147,668 SF Shopping Center in Easton, Maryland

by John Nelson January 4, 2024

EASTON, MD. — Synergy Investment Fund has acquired Tred Avon Square, a 147,668-square-foot retail center located in Easton, a city on east side of Chesapeake Bay near the Maryland-Delaware border. ACME, Big Lots, Easton Cinemas, Rent-A-Center, Sherwin-Williams, My Eye Dr., Osteria Alfredo, Ship and Print, Subway, Hong Kong Kitchen, Nails & Spa, Lendmark, Chincheck Sports Locker, T-Mobile, Admiral Cleaners, Rusty Hook Bait and Tackle, Spin Groove Records and Dunkin’ are tenants at the property. SVN | Miller Commercial Real Estate represented the buyer in the transaction. Ross Benincasa and Ryan Finnegan of SVN | Miller will oversee leasing at the center.

January 4, 2024

Acquisitions Retail Southeast Tennessee

SRS Brokers $7.2M Sale of Alcoa Commons Retail Center in Alcoa, Tennessee

by John Nelson January 4, 2024

ALCOA, TENN. — SRS Real Estate Partners has brokered the $7.2 million sale of Alcoa Commons, a newly built retail center in Alcoa, a city roughly 14.5 miles south of Knoxville, Tenn. Situated at 1010-1020 Alcoa Market St., the 13,890-square-foot property was fully leased at the time of sale to tenants including Orangetheory Fitness, Eyeglass World, The Joint Chiropractic and a freestanding outparcel building occupied by First Watch. Patrick Nutt and William Wamble of SRS represented the seller, a Tennessee-based developer, in the transaction. The private buyer, a Chicago-based company, purchased Alcoa Commons in a 1031 exchange.

January 4, 2024

Industrial Leasing Activity Office Texas

Taylor Team Relocation Signs 50,070 SF Industrial, Office Lease in North Dallas

by Taylor Williams January 4, 2024

DALLAS — Taylor Team Relocation, an Ohio-based copier shipping firm, has signed a 50,070-square-foot industrial and office lease at Marsh Business Park West, a 636,725-square-foot development in North Dallas. The space comprises 23,220 square feet of office space and a 26,850-square-foot warehouse. Hudson Sheets and Andrew Gilbert of Holt Lunsford Commercial represented the tenant in the lease negotiations. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as GKI Industrial Dallas LLC.

January 4, 2024

Acquisitions Office Texas

Zar Law Firm Buys 45,648 SF Office Building in West Houston

by Taylor Williams January 4, 2024

HOUSTON — Zar Law Firm has purchased a 45,648-square-foot office building in West Houston. According to LoopNet Inc., the four-story building at 17 Briar Hollow Lane was built in 1974 and renovated in 1993. Ryan Hartsell of locally based brokerage firm Oxford Partners represented the buyer in the transaction. Bill Byrd and Marshall Clinkscales of Colliers represented the undisclosed seller.

January 4, 2024

Leasing Activity New York Northeast Office

Law Firm Signs 765,000 SF Office Lease at 1345 Avenue of the Americas in Manhattan

by Taylor Williams January 4, 2024

NEW YORK CITY — International law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP has signed a 765,000-square-foot office lease at 1345 Avenue of the Americas in Midtown Manhattan. The lease term is 20 years, and the space spans 18 floors. Fisher Brothers, in partnership with J.P. Morgan, owns the building, which recently underwent a $120 million capital improvement program. Moshe Sukenik, Chris Mongeluzo and Brian Cohen of Newmark represented the tenant in the lease negotiations. Howard Fiddle, Peter Turchin, Ben Josephs, Bill Lacovelli and Antony Dattoma of CBRE represented ownership in conjunction with Marc Packman, Clark Briffel, Charles Laginestra and Josh Fisher of Fisher Brothers.

January 4, 2024

Colorado Development Multifamily Student Housing Western

Landmark Properties Plans 936-Bed Student Housing Project Near the University of Colorado Boulder

by Amy Works January 4, 2024

BOULDER, COLO. — Landmark Properties has acquired a 15-acre site at 1345 28th St. near the University of Colorado Boulder in Boulder. The firm plans to construct The Standard at Boulder, a 936-bed student housing community, on the site. The project caps off approximately $700 million in year-end transactions for Landmark in 2023. The 447,000-square-foot building will include 303 student apartments. Landmark expects to begin abatement and demolition of the vacant building on the site, former home to the Harvest House Hotel, early this year. Landmark Construction, the construction arm of Landmark Properties, will be the general contractor. Completion is slated for fall 2027. The four-story Standard at Boulder will offer a mix of floor plans, ranging from studios to four-bedroom units, some with private balconies. The community will include 29,000 square feet of amenities including multiple rooftop decks with views of the surrounding campus and the Flatirons; an outdoor pool and pool deck; a clubroom; several study lounges’ as well as; and parking for 348 vehicles with several electric vehicle charging stations. As part of the planned development, Landmark Properties will incorporate nearly six acres of active and passive green spaces fronting Boulder Creek and make improvements to the portion …

January 4, 2024

Newer Posts

Older Posts