Property Type

Farpoint Signs Trendco USA to 168,000 SF Industrial Lease at REAL Park in Tuskegee, Alabama

by John Nelson August 18, 2023

TUSKEGEE, ALA. — Farpoint Development has signed Trendco USA to a full-building lease at Building 100, a 168,000-square-foot industrial facility located within the Regional East Alabama Logistics (REAL) Park in Tuskegee. The Columbia, S.C.-based tenant plans to invest $43 million to launch its manufacturing operation at the site, where it will initially produce nitrile medical gloves before expanding production into other personal protective equipment (PPE) such as masks and gowns. Situated off exit 42 on I-85 in Macon County, Building 100 is the first facility within Farpoint’s 638-acre logistics park, which will span 6.2 million square feet upon completion. The Chicago-based developer delivered the facility in May.

August 18, 2023

Affordable Housing Development Florida Multifamily Southeast

Housing Trust Group Delivers $33M Affordable Apartment Community in Downtown West Palm Beach

by John Nelson August 18, 2023

WEST PALM BEACH, FLA. — Housing Trust Group (HTG) has completed the development of Flagler Station, a $33 million affordable housing community located at 991 Banyan Blvd. in downtown West Palm Beach. Reserved for residents earning at or below 30, 60, 70 or 80 percent of area median income (AMI), units at the property include one-, two- and three-bedroom apartments across eight stories. Monthly rates at the community range from $393 to $1,689, and amenities include a 3,200-square-foot clubroom, business center, rooftop pool, fitness center and onsite parking. The project team included Rinaldi Construction as the general contractor, WGI Inc. as the engineer and landscape designer and Corwil Architects and B. Pila Desings as the interior designer.

August 18, 2023

Acquisitions Maryland Retail Southeast

KLNB Brokers Sale of Two Metro Baltimore Retail Centers Totaling 54,000 SF

by John Nelson August 18, 2023

BALTIMORE AND ELDERSBURG, MD. — KLNB has brokered the sale of two retail properties in metro Baltimore totaling 54,000 square feet. Don Schline and Ryan Wilner of KLNB represented the seller, Creative Holdings LLC, in both transactions. Located at 1848 Reisterstown Road in Baltimore, the first property totals 42,244 square feet. An undisclosed local investor acquired the property and plans to retenant the space with medical office, flex and retail tenants. Ryan Minnehan and Alex Shearer of KLNB will manage retail leasing at the site, and Colin McGonical of KLNB will lead the medical office leasing. Situated at 1720 Liberty Road in Eldersburg, the second property comprises 12,022 square feet and was fully leased at the time of sale to three tenants.

August 18, 2023

Acquisitions Alabama Multifamily Southeast

Cushman & Wakefield Arranges Sale of 147-Unit Multifamily Community in Tuscaloosa, Alabama

by John Nelson August 18, 2023

TUSCALOOSA, ALA. — Cushman & Wakefield has arranged the sale of The Gates at South Bend, a 147-unit multifamily community located in Tuscaloosa. Built in 1980, the property underwent significant renovations between 2017 and 2022. Ben Thomas and Parker Caldwell of Cushman & Wakefield represented the seller, an entity doing business as WGO LLC, in the transaction. ARC Multifamily Group acquired the property for an undisclosed price. Situated about three miles south of the University of Alabama, The Gates at South Bend features two- and three-bedroom townhomes.

August 18, 2023

Florida Leasing Activity Mixed-Use Office Southeast

Tricera Capital Inks Office Leases Totaling 42,029 SF in South Florida

by John Nelson August 18, 2023

BOCA RATON AND WEST PALM BEACH, FLA. — Tricera Capital has secured one lease expansion and two new leases totaling 42,029 square feet in South Florida. The deals include Wells Fargo expanding its lease by 19,000 square feet at Tricera’s 1675 Midtown office building at 1675 N. Military Trail in Boca Raton, bringing the bank’s total footprint to 45,000 square feet. Built in 2008, the building totals roughly 70,000 square feet. The other deals include PMP Marketing Agency signing a 5,100-square-foot lease and Palm Beach Atlantic University leasing 17,929 square feet at Workspaces at the Press in West Palm Beach, which totals 120,000 square feet and is situated within the mixed-use The Press development. John Criddle, Joe Freitas and Christ Smith of CBRE manage leasing at 1675 Midtown, and Jon Blunk, Cristina Glaria, Connie Thomas and Laurel Oswald of TCRE overseeing leasing at Workspaces at The Press. Robert Anderson of Tortoise Realty Group represented the university in the lease negotiations.

August 18, 2023

Development Multifamily Texas

AMLI Residential to Develop 449-Unit Apartment Community in Addison, Texas

by Taylor Williams August 18, 2023

ADDISON, TEXAS — AMLI Residential will develop AMLI Tree House, a 449-unit apartment community that will be located in the northern Dallas metro of Addison. The development will consist of 370 market-rate apartments within the main building, 35 senior living units, 14 rental townhouses, 30 for-sale townhouses, unique live/work residences and 7,000 square feet of retail space. Construction is scheduled to begin in the first quarter of 2024, with preleasing set to launch in the second quarter of 2025. In conjunction with the branding of the property, the development team will remove and transplant four live oak trees from the property and plant over 350 new trees.

August 18, 2023

Acquisitions Multifamily Texas

Milestone Group Acquires 228-Unit Archer Stone Canyon Apartments in San Antonio

by Taylor Williams August 18, 2023

SAN ANTONIO — The Milestone Group, an investment firm with offices in Dallas, Atlanta and South Florida, has acquired Archer Stone Canyon Apartments, a 228-unit multifamily complex in San Antonio. According to Apartments.com, the property was built in 2005 and offers one-, two- and three- bedroom units that range in size from 796 to 1,630 square feet. Amenities include a pool, fitness center, resident clubhouse and a playground. The seller and sales price were not disclosed. Milestone Group plans to implement a value-add program.

August 18, 2023

Acquisitions Multifamily Texas

GREA Negotiates Sale of 63-Unit Apartment Complex in East Dallas

by Taylor Williams August 18, 2023

DALLAS — Global Real Estate Advisors (GREA) has negotiated the sale of Casa San Luis Apartments, a 63-unit multifamily complex in East Dallas. According to Apartments.com, the property was built in 1967 and offers one-, two- and three-bedroom units. Mark Allen of GREA represented the seller, Los Angeles-based Gomel Capital Partners, in the transaction. Allen also procured the undisclosed buyer.

August 18, 2023

Loans Multifamily Texas

Red Oak Capital Provides $2.3M Bridge Loan for Dallas Multifamily Property

by Taylor Williams August 18, 2023

DALLAS — Red Oak Capital Holdings has provided a 12-year, $2.3 million bridge loan for Templecliff Apartments, a 26-unit multifamily property in Dallas. Built in 1961 and renovated in 2021, the property offers one- and two-bedroom units that range in size from 750 to 1,125 square feet. The undisclosed, locally based borrower will use the proceeds to retire an existing mortgage and fund capital improvements.

August 18, 2023

Acquisitions Industrial Texas

Marcus & Millichap Brokers Sale of 10,825 SF Industrial Building in San Antonio

by Taylor Williams August 18, 2023

SAN ANTONIO — Marcus & Millichap has brokered the sale of a 10,825-square-foot industrial building located at 12296 U.S. Highway 181 in San Antonio. According to LoopNet Inc., the single-tenant building was constructed on 2.8 acres in 1965. Adam Abushagur, Tyler Ranft and Ernesto Melgar Campos of Marcus & Millichap represented the seller in the transaction. Additional terms of sale were not disclosed.

August 18, 2023

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