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AcquisitionsGeorgiaRetailSoutheast

Atlantic Capital Partners Brokers $17.5M Sale of Kroger-Anchored Shopping Center in Cumming, Georgia

by John Nelson

CUMMING, GA. — Atlantic Capital Partners has brokered the $17.5 million sale of Sharon Greens, a Kroger-anchored shopping center located in Cumming, a northern suburb of Atlanta. Justin Smith, Fred Victor, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the institutional seller and secured the buyer, a joint venture between ShopOne Centers REIT Inc., Pantheon and an unnamed global institutional investment firm. Built in 2001, Sharon Greens spans 98,301 square feet and was 98 percent leased at the time of sale to 21 tenants, including Kroger, Chase Bank and Heartland Dental. The property is located at the intersection of Sharon Road and Peachtree Parkway.

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AcquisitionsIndustrialNortheastPennsylvania

Alliance HP Sells 122,373 SF Industrial Portfolio in Philadelphia

by Taylor Williams

PHILADELPHIA — Locally based investment firm Alliance HP has sold The Philadelphia Infill Industrial Portfolio, a collection of three industrial properties totaling 122,373 square feet in Philadelphia. The sales price was $24.7 million. The portfolio was fully leased at the time of sale and features clear heights between 17 and 22 feet, 14 loading doors, five drive-in doors and 163 parking spaces. The buildings are all located within a 2.5-mile radius of Philadelphia International Airport. John Plower, Ryan Cottone, Larry Maister and Kyle Lockard of JLL represented Alliance HP in the transaction. The buyer was not disclosed.

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DevelopmentFloridaIndustrialSoutheast

Seagis Property Group Nears Completion of 118,000 SF Industrial Facility Near Miami International Airport

by John Nelson

DORAL, FLA. — Pennsylvania-based Seagis Property Group is nearing completion of a 118,000-square-foot warehouse project near the cargo entrance of Miami International Airport. The speculative facility, which is estimated as being 75 percent complete, is located at 8315 N.W. 27th St. in Doral. Situated within Transal Park, the rear-load warehouse will feature 32-foot clear heights, 32 dock doors and 110 automobile parking spaces. Sebastian Juncadella and Jose Juncadella of Fairchild Partners are marketing the project for lease on behalf of Seagis, which expects to deliver the property by the end of the year.

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AcquisitionsNew HampshireNortheastOffice

JLL Negotiates Sale of 82,000 SF Medical Office Complex in Exeter, New Hampshire

by Taylor Williams

EXETER, N.H. — JLL has negotiated the sale of a two-building, 82,000-square-foot medical office complex in Exeter, located just north of the Massachusetts-New Hampshire border. Access Sports Medicine, Seacoast Pathology and Exeter Hospital anchor the complex at 1 Hampton Road, which was 92 percent leased at the time of sale. Brannan Knott, Mindy Berman, Anthony Sardo and Landon Weaver of JLL represented the seller, a joint venture between Sendero Capital and Angelo Gordon, in the transaction. The buyer and sales price were not disclosed.

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Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

Walters Breaks Ground on 63-Unit Affordable Housing Complex in Chatham, New Jersey

by Taylor Williams

CHATHAM, N.J. — New Jersey-based developer Walters has broken ground on Cornerstone at Chatham, a 63-unit affordable housing complex in Northern New Jersey. The 3.2-acre site formerly housed a restaurant that is now defunct. Units will come in one-, two- and three-bedroom formats and range in size from 807 to 1,343 square feet. Residences will be reserved for renters earning 60 percent or less of the area median income. Amenities will include a fitness center, community room and outdoor grilling and dining stations. Walters is developing the project in partnership with Chatham Township. Completion is slated for late 2024.

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DevelopmentFloridaRestaurantRetailSoutheast

Barron Colliers Breaks Ground on 21,000 SF Retail Strip Center in Southwest Florida

by John Nelson

AVE MARIA, FLA. — Barron Collier Cos. has broken ground on a new 21,000-square-foot retail strip center in Ave Maria, a master-planned community in Southwest Florida. Located at the corner of Ave Maria Boulevard and Anthem Parkway, the property will house NCH Immediate Care Center, Ace Hardware, Dunkin’, Ledo Pizza and Cold Stone Creamery. Barron Colliers plans to open the retail center in summer 2024. According to the Naples, Fla.-based developer, about 430 homes have been sold in the Ave Maria community so far this year.

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GeorgiaLeasing ActivityMixed-UseOfficeSoutheast

Solar Energy Company Signs Office Lease at Brickworks in Atlanta for New Headquarters

by John Nelson

ATLANTA — Cherry Street Energy, an Atlanta-based solar energy company, has signed a new office lease at Brickworks, a 194,000-square-foot mixed-use development in Atlanta’s West Midtown district. The landlord, Asana Partners, signed the tenant to a 13,600-square-foot lease. Cherry Street Energy is relocating its headquarters to the Brickworks location and will bring over 50 employees, as well as install solar panel and electric vehicle charging stations. The firm, which previously occupied 1,500 square feet, recently received a $40 million investment to expand its footprint and hire new staff. Cherry Street Energy will utilize the space at Brickworks for both office space and research-and-development. Joey Kline and Terry McGuirk of JLL represented Cherry Street Energy in the lease negotiations. Bennett Gottlieb of Capital Real Estate Group represented Asana Partners.

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DevelopmentIllinoisLeasing ActivityMidwestMultifamily

Luxury Living Begins Leasing Efforts for The Medallion Apartment Building in Chicago

by Kristin Harlow

CHICAGO — Luxury Living has begun leasing efforts for The Medallion, a newly redeveloped boutique apartment building in Chicago’s Lakeview neighborhood. JSM Venture owns the property, which is located at 3121 N. Broadway St. JSM Venture implemented a two-story addition and rooftop deck on top of a five-story parking garage. The building now features 72 apartment units. The property is also home to Intelligentsia Coffee. Monthly rents start at $1,875 for studios and $2,195 for one-bedroom floor plans. Select units are available in accordance with the City of Chicago’s Affordable Requirements Ordinance.

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CivicDevelopmentMidwestMinnesota

Kraus-Anderson Breaks Ground on $11.4M Environmental Facility in Forest Lake, Minnesota

by Kristin Harlow

FOREST LAKE, MINN. — Kraus-Anderson has broken ground on the Northern Environmental Center, an $11.4 million environmental and yard waste center in Forest Lake, about 27 miles northeast of St. Paul. Designed by HCM Architects, the 30,000-square-foot county facility will serve northern Washington County. The project will include loading docks and covered drop-off areas, as well as an adjacent yard waste drop-off and pickup areas. Completion is slated for May 2025.

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