Property Type

Thompson Thrift Opens 242-Unit Build-to-Rent Community in Suburban Indianapolis

by Kristin Harlow July 21, 2023

FISHERS, IND. — Thompson Thrift has opened Slate at Fishers District, a 242-unit build-to-rent community in the Indianapolis suburb of Fishers. The property, which is nearly 20 percent leased, is part of the master-planned Fishers District mixed-use development. Residences average 1,215 square feet and feature a mix of one-, two- and three-bedroom villas as well as three- and four-bedroom townhomes. Amenities include a clubhouse, fitness center, pool, bark parks and doggie spas. Monthly rents start at $1,699.

July 21, 2023

Affordable Housing Development Illinois Midwest Multifamily

The Community Builders Breaks Ground on 63-Unit Affordable Housing Building in Chicago

by Kristin Harlow July 21, 2023

CHICAGO — The Community Builders has begun development of 4715 N Western, a 63-unit affordable housing building in Chicago’s Lincoln Square neighborhood. The six-story property will feature 25 studios, 29 one-bedroom units and nine two-bedroom residences. The units will be reserved for those who earn no more than 80 percent of the area median income. Amenities will include a lounge, terrace, bike room, package room and resident parking. The development will also feature 5,500 square feet of ground-floor commercial space and 18 public parking spaces. The project is being built with financial support from the City of Chicago, CIBC, Stratford Capital Group, Benefit Chicago, Chicago Housing Authority and ComEd Energy Efficiency Program. Leopardo Cos. is the general contractor and DesignBridge Ltd. is the architect. A timeline for completion was not provided.

July 21, 2023

Indiana Loans Midwest Multifamily Seniors Housing

JLL Provides $7M Loan for Refinancing of Affordable Seniors Housing Property in Gary, Indiana

by Kristin Harlow July 21, 2023

GARY, IND. — JLL Capital Markets has provided a $7 million Freddie Mac loan for the refinancing of Gary Manor, a 198-unit age-restricted community in Gary, a city in Northwest Indiana. All the units are secured under a Housing Assistance Payments (HAP) contract. Built in 1980 and renovated in 2011, Gary Manor consists of a 12-story building for seniors age 62 and above as well as four walk-up buildings for families. Leif Olsen and Kristian Lichtenfels of JLL worked on behalf of the borrower, Monroe Group Limited and Steele Properties. The 10-year loan features a fixed interest rate.

July 21, 2023

Development Industrial Midwest Ohio

Maddox Industrial Transformer Opens 45,000 SF Production Facility in Batavia, Ohio

by Kristin Harlow July 21, 2023

BATAVIA, OHIO — Maddox Industrial Transformer, a provider of electrical transformers, has opened a 45,000-square-foot production facility in Batavia, an eastern suburb of Cincinnati. Located in an old Ford transmission plant at 4330 Batavia Road, the development features a 40,000-square-foot shop and 5,000 square feet of office space as well as a four-acre storage yard. Once fully staffed, the facility will create 65 new jobs in the area. Maddox now maintains four major production facilities in addition to sales and support offices across the country.

July 21, 2023

Acquisitions Illinois Midwest Retail

Marcus & Millichap Arranges $2.4M Sale of Retail Center in Antioch, Illinois

by Kristin Harlow July 21, 2023

ANTIOCH, ILL. — Marcus & Millichap has arranged the $2.4 million sale of a 19,810-square-foot retail center in Antioch, a city in northern Illinois near the Wisconsin border. Advance Auto Parts is the anchor tenant at the property. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, a partnership that had owned the center for over 20 years. The duo also secured and represented the buyer, a local private investor.

July 21, 2023

Development Multifamily Texas

Presidium Completes Phase I of Multifamily Development in Fort Worth

by Taylor Williams July 21, 2023

FORT WORTH, TEXAS — Texas-based developer Presidium has completed Phase I of Presidium Berkshire, a multifamily project in North Fort Worth that added 340 units to the local supply. Units come in studio, one-, two- and three-bedroom formats and feature stainless steel appliances, quartz-style countertops, private balconies/terraces, individual washers and dryers and built-in desks. Amenities include a pool with splash pads, outdoor dining and grilling areas, two-story fitness center with a yoga studio, speakeasy-style bar, demonstration kitchen, coworking lounge and a dog park. Dallas-based O’Brien Architects designed Presidium Berkshire. Rents start at $1,560 per month for a studio apartment. The development will ultimately feature about 1,100 units.

July 21, 2023

Acquisitions Hospitality Texas

Paceline Equity, ESR Group Acquire 304-Room Marriott-Branded Hotel in Plano

by Taylor Williams July 21, 2023

PLANO, TEXAS — A partnership between Dallas-based Paceline Equity Partners and ESR Group has acquired the 304-room Renaissance Dallas at Plano Legacy West Hotel. Completed in 2017 by Sam Moon Group in conjunction with the launch of the larger Legacy West mixed-use development, the hotel offers a rooftop pool and bar, 35,000 square feet of meeting and event space and a 474-space dedicated parking garage. The seller and sales price were not disclosed. The new ownership assumed the existing fixed-rate debt on the property as part of the deal.

July 21, 2023

Acquisitions Retail Texas

JLL Negotiates Sale of 28,000 SF Retail Strip Center in Houston

by Taylor Williams July 21, 2023

HOUSTON — JLL has negotiated the sale of Uptown Plaza, a 28,000-square-foot retail strip center in Houston’s Uptown area. Built ono 2.7 acres in 2002, the center was fully leased at the time of sale to tenants such as CVS, Vision Corner, EG Geller Shoes, Lesley Ann Jewels, Alchemy 43, Fizz Nails and Grotto. Ryan West, John Indelli and Erin Lazarus of JLL represented the undisclosed seller in the transaction. Pine Ridge Real Estate purchased the asset in cash for an undisclosed price.

July 21, 2023

Acquisitions Retail Texas

Matthews Arranges Sale of 19,204 SF Retail Strip Center in Frisco

by Taylor Williams July 21, 2023

FRISCO, TEXAS — Matthews Real Estate Investment Services has arranged the sale of Shops at Stonebrook Plaza, a 19,204-square-foot retail strip center in Frisco. The sales price was $8.5 million, equating to a cap rate of 6.4 percent. The center was built in 2016 and was fully leased at the time of sale to tenants such as 24-7 Dry Cleaners and Paris Nail Bar. Grayson Duyck of Matthews brokered the deal. The buyer and seller were not disclosed.

July 21, 2023

Leasing Activity Office Texas

Chamberlain Hrdlicka Signs 13,555 SF Office Lease Expansion in Downtown San Antonio

by Taylor Williams July 21, 2023

SAN ANTONIO — Law firm Chamberlain Hrdlicka has signed a 13,555-square-foot office lease expansion at Weston Center, a 32-story office building in downtown San Antonio. Chamberlain Hrdlicka moved into Weston Center in 2011, at which point its footprint was roughly 4,000 square feet. Bradley Fulkerson and Austin Hibbard of Transwestern, along with Larry Mendez of CBRE, represented the firm in the lease negotiations. David Held and Hayley Ruggles of Endura Advisory Group represented the landlord.

July 21, 2023

Newer Posts

Older Posts