Property Type

Dunleer Buys 11-Property Industrial Portfolio Totaling 43,414 SF in Upland, California

by Amy Works November 10, 2022

UPLAND, CALIF. — Los Angeles-based Dunleer has acquired 11 industrial buildings on three separate parcels spanning 3.1 acres at 928, 1004 and 1024 9th St. in Upland. An undisclosed seller sold the assets for $8 million. Totaling 43,414 square feet, the buildings offer 12 units and are less than a quarter mile from Interstate 10, providing direct access to Los Angeles and the greater Southern California region. Joe Harmon and Charles Johnson of DAUM represented the buyer and seller in the transaction.

November 10, 2022

Acquisitions Hospitality Loans Mixed-Use Southeast Tennessee

JLL Arranges $172M Acquisition Loan for Four Seasons Hotel Nashville

by John Nelson November 10, 2022

NASHVILLE, TENN. — JLL has arranged $172 million in acquisition financing for Four Seasons Hotel Nashville, a 40-story hospitality tower located at 100 Demonbreun St. in downtown Nashville’s South Broadway district. The 235-room hotel includes Mimo Restaurant, Mimo Bar, a full-service spa, event space and a resort-style pool and pool deck. The Four Seasons property also includes 143 condominiums that were not part of the sale. Eric Tupler, Jeff Bucaro, Brian Dawson and Kevin Davis of JLL arranged the financing through Credit Suisse on behalf of the borrower, a joint venture between GD Holdings, Stonebridge Development Co. and Copford Capital Management LLC. The sellers, Congress Group and AECOM Capital, opened the hotel earlier this week.

November 10, 2022

Acquisitions Florida Industrial Southeast

CIP Real Estate Acquires Two Industrial Parks in East Tampa for $74.3M

by John Nelson November 10, 2022

TAMPA, FLA. — CIP Real Estate has purchased two industrial parks in east Tampa for a combined $74.3 million. The properties, Center Point Business Park and Hampton Oaks Business Park, are situated three miles apart via U.S. Route 301. The developments span 405,772 square feet of small and mid-bay industrial space and feature 37 dock-high doors, 58 grade-level doors and 22 ramp loading entrances. CIP expects to invest $6.3 million in upgrades to the facilities over the next three years. Rick Brugge of Cushman & Wakefield represented the seller, Albany Road Estate Partners, in the transaction. Jason Hochman and Ron Granite of Cushman & Wakefield arranged acquisition financing through BankUnited on behalf of CIP.

November 10, 2022

Development Maryland Mixed-Use Southeast

Trademark Completes Renovation of 2 MSF Annapolis Town Center in Maryland

by John Nelson November 10, 2022

ANNAPOLIS, MD. — Trademark Property Co. has completed the renovation of Annapolis Town Center, a mixed-use development in Annapolis spanning 2 million square feet. Whole Foods Market and Target anchor the property, which is also home to retailers including Anthropologie, RH and Paper Source. Trademark’s improvements included the addition of green space and a new community gathering area called Green Village; a climate-controlled paseo for improved connectivity and walkability; improved signage and wayfinding; and art installations from local artists. A number of new tenants are set to open within Annapolis Town Center this year, including True Food Kitchen, Tuscan Prime, Warby Parker, Life Time Fitness, Williams Sonoma, Pottery Barn, GABBY Summer Classics Home, Urbano Mexican Fare, Tempur Sealy and VIBE.

November 10, 2022

Development Florida Multifamily Southeast

Crescent Communities, CP Capital Break Ground on 277-Unit Apartment Development in Tampa

by John Nelson November 10, 2022

TAMPA, FLA. — Crescent Communities and CP Capital US have broken ground on Novel Independence Park, a 277-unit apartment community located in Tampa’s Westshore Business District. The property will serve as the multifamily component of Independence Park, a 44-acre mixed-use development site. Units will feature stainless steel appliances, stone surface countertops and vinyl wood flooring, and amenities will include a fitness center with a private yoga and spin studio, pool deck overlooking a pond, rooftop lounge, indoor-outdoor private events space, dog park, detached garages and a pedestrian nature trail. The site is situated within walking distance to Rocky Point Golf Club, Skyway Sports Complex and the trailhead for the Skyway Park Trail. The design-build team for Novel Independence Park includes architectural firm Dwell Design Studio, landscape architect LandDesign, civil engineer Haiff Associates and interior designer Vignette Interior Design. CBG Construction is serving as the general contractor. The construction timeline was not disclosed.

November 10, 2022

Leasing Activity Retail Southeast Virginia

Rappaport Adds Five New Tenants to Village at Leesburg Shopping Center in Northern Virginia

by John Nelson November 10, 2022

LEESBURG, VA. — Rappaport has signed five new tenants to join Village at Leesburg, a 550,593-square-foot shopping center located along Route 7 in Leesburg. Rappaport owns, manages and leases the property, which houses more than 75 tenants, including anchors Wegmans, CMX Cinemas, LA Fitness and Bowlero. The new tenants include Spitz, a Mediterranean restaurant concept; Altitude Trampoline Park, an entertainment venue with more than 80 locations; Anchor Bar, a wings restaurant concept with more than 50 locations; A Place to Be, a nonprofit based in Middleburg, Va., that offers art and music therapy programs; and national chain Salon Lofts. Altitude opened recently, and the other four concepts are set to open in 2023. Village at Leesburg will be the first Virginia location for Spitz, Altitude and Anchor Bar. In addition to the new retailers, which will bring 40,000 square feet of new retail space, Woodhouse Day Spa and Dana’s Cake Shoppe are expanding their locations within the development.

November 10, 2022

Development Multifamily Texas

Presidium Delivers 290-Unit Multifamily Project in Grand Prairie, Texas

by Taylor Williams November 10, 2022

GRAND PRAIRIE, TEXAS — Texas-based multifamily developer Presidium has delivered Presidium Hill Street, a 290-unit community located in the central metroplex city of Grand Prairie. Designed by Dallas-based O’Brien Architects and situated on 13 acres, Presidium Hill Street offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops and various smart home features. Amenities include a pool with cabanas, business center with private coworking spaces, clubroom, fitness center, dog park and a package handling system. Rents start at $1,370 per month for a one-bedroom apartment.

November 10, 2022

Development Retail Texas

Weitzman Completes Renovation of 175,000 SF Willow Bend Market in Plano

by Taylor Williams November 10, 2022

PLANO, TEXAS — Weitzman has completed the renovation of Willow Bend Market, a 175,000-square-foot shopping center located on the northeastern outskirts of Dallas in Plano. The center was originally built in 1997 and is anchored by grocer Tom Thumb, and the reconfiguration of that store represented a major piece of the renovation. Additional upgrades included the enhancement of building electrical systems, parking areas and landscaping, as well as other aesthetic improvements. Willow Bend Market also features an array of food-and-beverage users such as On the Border, Newk’s Eatery, Starbucks Coffee, Einstein Bros. Bagels and Baskin-Robbins.

November 10, 2022

Acquisitions Loans Multifamily Texas

Marcus & Millichap Arranges Sale of 137-Unit Maverick Oak Lawn Apartments in Dallas

by Taylor Williams November 10, 2022

DALLAS — Marcus & Millichap has arranged the sale of Maverick Oak Lawn, a 137-unit apartment complex located in the Oak Lawn area of Dallas. The property features one- and two-bedroom units as well as a pool, outdoor grilling and dining areas and onsite laundry facilities. Al Silva and Ford Braly of Marcus & Millichap represented the seller, a locally based partnership, in the transaction. The duo also procured the buyer, an out-of-state partnership. Both parties requested anonymity. Los Angeles-based Veleta Capital Partners provided an $18 million floating-rate bridge loan for the acquisition. Bellwether Enterprise Real Estate Capital arranged the financing, a portion of which will be used to fund capital improvements.

November 10, 2022

Acquisitions Industrial Texas

SVN | Dunn Commercial Brokers Sale of 24,000 SF Industrial Property in Fort Worth

by Taylor Williams November 10, 2022

FORT WORTH, TEXAS — SVN | Dunn Commercial has brokered the sale of Willard Flex Park, a 24,000-square-foot industrial property in Fort Worth. The newly constructed property comprises four buildings that had three in-place tenants at the time of sale. David Dunn and Anna Lee Moore of SVN | Dunn Commercial represented the undisclosed buyer in the transaction. The seller and sales price were also not disclosed.

November 10, 2022

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