Property Type

SWBC to Develop 293-Unit Apartment Community in West Fort Worth

by Taylor Williams June 21, 2023

FORT WORTH, TEXAS — SWBC will develop The Royalton at Sienna Hills, a 293-unit apartment community that will be located on the west side of Fort Worth. Units will come in one-, two- and three-bedroom formats and will be furnished with stainless steel appliances and quartz countertops. Amenities will include a pool, fitness center, conference room and outdoor grilling and dining areas. Cross Architects is designing the project, and Jordan Foster is serving as the general contractor. Construction is expected to last about 24 months.

June 21, 2023

Acquisitions Development Multifamily Texas

Avison Young Brokers $20M Sale of Multifamily Development Site in Uptown Dallas

by Taylor Williams June 21, 2023

DALLAS — Avison Young has brokered the $20 million sale of a multifamily development site located at 3515 Brown St. in Uptown Dallas. The 1.6-acre site currently houses a 26-unit condominium complex. Mike Kennedy and Paul Harmon of Avison Young represented the seller, the Wimbledon Place Homeowners Association, in the transaction. The buyer, Chicago-based developer Fifield Cos., plans to demolish the existing building and construct a 24-story apartment tower on the site. A construction timeline was not disclosed.

June 21, 2023

Acquisitions Multifamily Northmarq Texas

Northmarq Arranges Sale of 200-Unit RiverBend Apartments in San Antonio

by Taylor Williams June 21, 2023

SAN ANTONIO — Northmarq has arranged the sale of RiverBend Apartments, a 200-unit multifamily complex in San Antonio. Built in 1984 and recently renovated, the property offers studio, one- and two-bedroom units and amenities such as two pools, a playground, clubhouse, basketball court and outdoor picnic areas. Regional Investment & Management sold the asset to Two Ten Management for an undisclosed price. Moses Siller, Zar Haro, Phil Grafe, Bryan VanCura and Brian Booth of Northmarq represented both parties in the deal.

June 21, 2023

Industrial Leasing Activity Texas

Partners Real Estate Negotiates 5,000 SF Industrial Lease in Northwest Houston

by Taylor Williams June 21, 2023

HOUSTON — Partners Real Estate has negotiated a 5,000-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the property at 12826 Hempstead Road was built in 1979, totals 20,077 square feet and offers four dock doors and two drive-in bays. Devin Hawkins of Partners represented the tenant, Choice Botanicals Inc., in the lease negotiations. Mickey Brown of Bernell & Associates represented the landlord, an entity doing business as RB Warehouses 290.

June 21, 2023

Development Industrial Midwest Missouri

Contegra Breaks Ground on First Building at $129M Lakeside Logistics Center in St. Peters, Missouri

by Kristin Harlow June 21, 2023

ST. PETERS, MO. — Contegra Construction has broken ground on the first of five planned buildings at Lakeside Logistics Center, a $129 million industrial project in St. Peters, a northwest suburb of St. Louis. NorthPoint Development is developing the 190-acre project. The first building, slated for completion by the end of this year, will total 490,000 square feet. It will feature a clear height of 36 feet, 51 dock doors, seven drive-in doors, four office spaces and parking for 490 cars and 134 trailers. Lakeside Logistics Center will ultimately consist of up to five speculative buildings totaling 1.6 million square feet.

June 21, 2023

Acquisitions Illinois Midwest Multifamily Seniors Housing

Senior Lifestyle Acquires Four Seniors Housing Communities in Metro Chicago

by Kristin Harlow June 21, 2023

ILLINOIS — Senior Lifestyle has acquired four seniors housing communities in metro Chicago for an undisclosed price. The properties include Aspired Living of La Grange, Aspired Living of Westmont, Aspired Living of Prospect Heights and Aspired Place of Lake Zurich. The communities offer a variety of living options such as assisted living, memory care and supportive living residences. Each property offers exclusive programming and gourmet dining options.

June 21, 2023

Acquisitions Illinois Industrial Midwest

Colliers Brokers Sale of I-88 Gateway Logistics Center in Aurora, Illinois

by Kristin Harlow June 21, 2023

AURORA, ILL. — Colliers has brokered the sale of the I-88 Logistics Center in Aurora for an undisclosed price. Built on a speculative basis by Opus North Development in 2015, the 604,556-square-foot facility features a clear height of 32 feet and parking for 63 trailers. At the time of sale, the property was fully leased to Ryder Logistics, whose lease runs through 2027. Jeff Devine and Steve Disse of Colliers represented the seller, an institutional real estate advisor. An undisclosed financial institution purchased the asset.

June 21, 2023

Acquisitions Midwest Office Wisconsin

Marcus & Millichap Negotiates $3.4M Sale of Office Building in Racine, Wisconsin

by Kristin Harlow June 21, 2023

RACINE, WIS. — Marcus & Millichap has negotiated the $3.4 million sale of Warwick Business Court in Racine, about 30 miles south of Milwaukee. The 24,500-square-foot office building is situated on Warwick Way. At the time of sale, the property was 89 percent occupied and anchored by three medical tenants. The building was constructed in 2000 and renovated within the last three years. Brett Rodgers, Frank Roti and Alex Sacks of Marcus & Millichap represented the seller, a limited liability company. The team also secured and represented the buyer, a private investor.

June 21, 2023

Acquisitions Illinois Industrial Midwest

Entre Commercial Realty Arranges Sale of 101,323 SF Industrial Building in Spring Grove, Illinois

by Kristin Harlow June 21, 2023

SPRING GROVE, ILL. — Entre Commercial Realty has arranged the sale of a 101,323-square-foot industrial building in Spring Grove, a city in Northeast Illinois. The building sits on 10 acres at 3106 N. Route 12. Spring Grove-based All-Rite Spring Co. acquired the facility with plans to consolidate operations from multiple buildings. Dan Jones, Dan Benassi and Sam Deihs of Entre represented the buyer. The sales price and seller were undisclosed.

June 21, 2023

Acquisitions Multifamily Northeast Pennsylvania Seniors Housing

Blueprint Negotiates Sale of 1,000-Bed Skilled Nursing Portfolio in Pennsylvania

by Taylor Williams June 21, 2023

PENNSYLVANIA — Blueprint Healthcare Real Estate Advisors has arranged the sale of a skilled nursing portfolio totaling more than 1,000 beds in Pennsylvania. A public REIT and its operating partner sold the two campuses, which offer independent living, personal care and memory care services. Although specific property names and locations were not disclosed, the properties are concentrated in northeast and central Pennsylvania. An East Coast-based investor seeking to establish a new footprint in the region acquired the assets for an undisclosed price.

June 21, 2023

Newer Posts

Older Posts