Property Type

Dove-Valley-Outdoor-Storage-Englewood-CO

Marcus & Millichap Brokers Sale of 618-Unit Dove Valley Outdoor Storage in Englewood, Colorado

by Amy Works November 1, 2022

ENGLEWOOD, COLO. — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of Dove Valley Outdoor Storage, a 618-unit self-storage, boat and RV storage facility in Englewood. A local partnership group acquired the asset for an undisclosed price. Charles LeClaire and Adam Schlosser of Marcus & Millichap’s Denver office represented the seller, a national private equity group, in the deal. Originally built in 2014 on 11 acres, Dove Valley Outdoor Storage features 157 self-storage units, 391 outdoor storage spaces and 70 covered RV storage spots.

November 1, 2022

California Development Industrial Western

North Palisade Partners Breaks Ground on 58,999 SF Industrial Property in Vernon, California

by Amy Works November 1, 2022

VERNON, CALIF. — North Palisade Partners has broken ground on Palisade Santa Fe Center, a Class A industrial property at 5655 Santa Fe Ave. in Vernon. The 58,999-square-foot facility will feature 32-foot clear heights, a 150-foot secured truck court, 9,500 square feet of two-story office and mezzanine space, more than 55 parking spaces, ESFR sprinklers, six dock-high loading positions, three trailer parking stalls and 1,200 amps of power. The project team includes Herdman Architects and Premier Design + Build Group. Completion is slated for summer 2023. Jack Mergenthaler, Jeff Stephens and Evan Crawford of CREB will handle leasing of the project.

November 1, 2022

Development Georgia Loans Mixed-Use Multifamily Southeast

PMG, Greybrook Secure $182M Construction Loan for Society Atlanta Mixed-Use Tower

by John Nelson November 1, 2022

ATLANTA — PMG and Canadian private equity firm Greybrook have obtained a $182 million construction loan for Society Atlanta, a 31-story mixed-use tower underway at 811 Peachtree St. in Midtown Atlanta. JLL arranged the financing through a major U.S. life insurance company and Related Fund Management. Designed by architecture firm Cooper Carry, Society Atlanta will feature 460 apartments, 82,000 square feet of Class A office space and 15,500 square feet of ground-floor retail space. Planned amenities include a pool deck with grilling and lounge areas, a large coworking lab with private conference rooms and a gym with a fitness studio. Cushman & Wakefield is leasing the office space, and Bridger Properties is leasing the retail space. Juneau Construction Co. is the general contractor for Society Atlanta, which broke ground in May 2022 and is slated for completion in late 2024. PMG has over 8,500 units planned for its Society Living brand in markets such as Miami, Fort Lauderdale, Orlando, Nashville, Denver and Brooklyn, with more to be announced soon.

November 1, 2022

Development Office Texas

Granite Properties, Highwoods Top Out 422,109 SF Office Building in Plano

by Taylor Williams November 1, 2022

PLANO, TEXAS — Granite Properties, in partnership with publicly traded REIT Highwoods Properties (NYSE: HIW), has topped out a 422,109-square-foot office building located within the 90-acre Granite Park development in Plano. Designed by BOKA Powell with interiors by HKS Architects, Granite Park Six will rise 19 stories and is scheduled for a third-quarter 2023 completion. Amenities will include a fitness center, tenant lounge, golf simulator, café and a lecture hall. The building will also offer an array of health and wellness features such as dispatch elevators, touchless entry points and restroom fixtures and advanced HVAC systems that promote clean air technology. Austin Commercial is the general contractor for the project, construction of which began in December 2021.

November 1, 2022

Acquisitions Industrial Southeast Tennessee

Westmount Realty Capital Sells 709,652 SF Industrial Facility in Nashville

by John Nelson November 1, 2022

NASHVILLE, TENN. — Westmount Realty Capital has sold 840 Logistics Center, a 709,652-square-foot industrial facility situated on 44 acres in Nashville. The buyer and sales price were not disclosed. Westmount Realty has owned the bulk distribution facility since 2020 and has invested millions of dollars in capital improvements during its ownership, including new LED warehouse lighting, exterior painting, epoxy floor sealant and new dock and light packages on every loading dock within the facility. Built in 2008 near I-840 in Wilson County, 840 Logistics Center features 32- to 36-foot clear heights, 366 car parking spaces and 76 trailer stalls. The asset was fully leased at the time of sale to two third-party logistics tenants.

November 1, 2022

Development Seniors Housing South Carolina Southeast

Aspens Senior Living Opens 159-Unit Active Adult Community in Greenville

by John Nelson November 1, 2022

GREENVILLE, S.C. — Aspens Senior Living has completed construction of The Aspens Verdae, a 159-unit active adult community in Greenville. The property totals 196,000 square feet and offers one-and two-bedroom options ranging from 607 square feet to 1,243 square feet. Aspens broke ground on the project in December 2020. It is the company’s second community in the Carolinas. The site is close to Legacy Park, The Preserve at Verdae Golf Club and the Prisma Health Swamp Rabbit Trail, a 22-mile walking and biking greenway that connects Greenville to Travelers Rest, S.C. Shiel Sexton served as general contractor for The Aspens Verdae, with Arrive Architecture Group as designer for the project.

November 1, 2022

Acquisitions Florida Hospitality Southeast

CBRE Brokers $29.1M Sale of Courtyard by Marriott Hotel in Downtown St. Petersburg, Florida

by John Nelson November 1, 2022

ST. PETERSBURG, FLA. — CBRE has brokered the sale of Courtyard by Marriott St. Petersburg Downtown, a 128-room hotel located at 300 4th St. N in downtown St. Petersburg. Atlanta-based The Radco Cos. purchased the hotel from Blackstone for $29.1 million. Christian Charre, Paul Weimer, Jennifer Jin and Andrew Pastorino of CBRE’s hotel division in Miami represented the seller in the transaction. The Courtyard by Marriott was converted from an independent boutique hotel in 2006 and underwent a renovation in 2015. Amenities include a restaurant and bar, onsite fitness and business centers, an indoor pool, 806 square feet of meeting space and valet parking.

November 1, 2022

Acquisitions Kentucky Multifamily Southeast

Capstone Arranges $13.7M Sale of Multifamily Portfolio in Murray, Kentucky

by John Nelson November 1, 2022

MURRAY, KY. — Capstone Apartment Partners has arranged the $13.7 million sale of an apartment portfolio in Murray. Situated near Murray State University and within a two-mile radius of one another, the portfolio comprises 86 completed units, 24 nearly completed units and 20 under construction units, all of which were leased at the time of sale. Adam Klenk, Austin Heithcock, Tyler Mayo and Jordan Arand of Capstone represented the seller, Jennings Management and BTJ Rental LLC, in the transaction. The seller developed the portfolio over the last 10 years and managed them during its ownership. The buyer and sales price were not disclosed, but Capstone says the portfolio traded at a record price per unit for the city of Murray.

November 1, 2022

Acquisitions Multifamily Texas

Berkadia Arranges Sale of 318-Unit Oasis at Piney Point Apartments in West Houston

by Taylor Williams November 1, 2022

HOUSTON — Berkadia has arranged the sale of Oasis at Piney Point, a 318-unit apartment community in West Houston. Built in 2004 by Trammell Crow Co., the property offers one- and two-bedroom units ranging in size from 727 to 1,034 square feet, as well as two-bedroom townhomes as large as 1,412 square feet. Residences are furnished with stainless steel appliances, quartz and granite countertops, walk-in closets and private patios/balconies. Amenities include a pool, fitness center, business center, media lounge and a coffee bar. Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney of Berkadia represented the seller, Canadian investment firm Marlin Spring, in the transaction. The buyer was not disclosed.

November 1, 2022

Build-to-Rent Development Single-Family Rental Texas

PCCP to Develop 195-Unit Build-to-Rent Residential Community in Metro Houston

by Taylor Williams November 1, 2022

CYPRESS, TEXAS — Los Angeles-based PCCP LLC will develop Meadows at Telge, a 195-unit build-to-rent residential community that will be located on the northwestern outskirts of Houston in Cypress. The 44-acre site will house three- and four-bedroom homes that will be furnished with stainless steel appliances, granite countertops, tile backsplashes and individual washers and dryers. Communal amenities will include a pool, leasing office, dog park, grilling and dining stations and a playground. PCCP has partnered with homebuilder ICB on the project, construction of which is expected to last two to three years.

November 1, 2022

Newer Posts

Older Posts