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DevelopmentGeorgiaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Lincoln Property Co. Signs Three Tenants to Echo Street West Mixed-Use Project in Atlanta

by John Nelson

ATLANTA— Lincoln Property Co. has signed three retailers to join Echo Street West, its 19-acre mixed-use project currently underway in west Atlanta. Food-and-beverage concepts El Gordo Taqueria by Fuego Tortilla, Fresh Squeezed Mini Bar and Le Macaron will occupy 2,430; 1,917; and 895 square feet, respectively. Situated on the Atlanta BeltLine Westside Trail, Echo Street West is being constructed in phases, with the initial development comprising 300,000 square feet of creative office space, 50,000 square feet of retail space, 292 residential units and 3.4 acres of outdoor entertainment and greenspace. Plans for the property include additional offices, shops, residences and hotel rooms.

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Post-Oak-Central-Houston
AcquisitionsOfficeTexas

Parkway Acquires 1.2 MSF Post Oak Central Office Campus in Uptown Houston

by Taylor Williams

HOUSTON — Parkway, which is a partnership between Orlando-based Parkway Property Investments and Houston-based Midway, has acquired Post Oak Central, a 1.2 million-square-foot office campus in Uptown Houston. Designed by Philip Johnson and constructed between 1975 and 1981, the campus consists of three buildings on a 17-acre site. Post Oak Central also features 90,000 square feet of retail and restaurant space, including both fine dining and fast-casual concepts, as well as onsite medical and banking services. Eastdil Secured represented the undisclosed seller, which previously owned an interest in the property, in the transaction. Parkway will continue to operate Post Oak Central, and Parkway’s development partner, Midway, will oversee the redevelopment of the property.

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Granite-Park-Six-Plano
DevelopmentOfficeTexas

Granite Properties, Highwoods Complete 422,109 SF Office Building in Plano

by Taylor Williams

PLANO, TEXAS — Granite Properties, in partnership with publicly traded REIT Highwoods Properties (NYSE: HIW), has completed 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 rises 19 stories and offers amenities such as a fitness center, tenant lounge, golf simulator, café and a lecture hall. The building also houses 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 served as the general contractor for the project, construction of which began in December 2021 and topped out last fall.

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LoansMultifamilyOklahomaTexas

RRA Capital Provides $20.6M Acquisition Loan for Oklahoma City Apartments

by Taylor Williams

OKLAHOMA CITY — RRA Capital, a commercial bridge lender with offices in Phoenix and New York City, has provided a $20.6 million acquisition loan for a 252-unit apartment community in Oklahoma City. The property at 11239 Pennsylvania Ave. was built in the 1970s and offers one- and two-bedroom units. The borrower, GreenLite Holdings, plans to implement a value-add program that will upgrade the pool and clubhouse and install new appliances, flooring, lighting, plumbing and windows in the unit interiors. Bryan Liu and Bryan Mummaw of Northmarq arranged the debt.

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DevelopmentMultifamilyOklahomaTexas

BLDP to Develop 182-Unit Multifamily Project in Broken Arrow, Oklahoma

by Taylor Williams

BROKEN ARROW, OKLA. — Dallas-based developer Berkshire Lane Development Partners (BLDP) will build a 182-unit garden-style multifamily project in Broken Arrow, a southeastern suburb of Tulsa. Berkshire @1Eleven will offer one- and two-bedroom units with stainless steel appliances, quartz countertops, tile backsplashes and individual washers and dryers. Amenities will include a pool, fitness center, and open green space. The first units are expected to be available for occupancy in summer 2025.

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AcquisitionsIllinoisMidwestMultifamily

Rany Management Acquires Remaining Condo Units at Multifamily Building in Chicago

by Kristin Harlow

CHICAGO — An affiliate of Chicago-based Rany Management has acquired the remaining owned condominium units of the building at 4180 N. Marine Drive in Chicago’s Buena Park neighborhood. The purchase price for the approximately 8.9 percent of remaining units not previously owned by Rany affiliate, 4180 Holdings, was not disclosed. Formerly known as Polo Towers Condominium Association, the property will be renamed Marine Terrace Apartments. The 16-story building features 190 units and was built in 1957. The fully occupied property is located at the intersection of Marine Drive and Gordon Terrace. Amalgamated Bank of Chicago has been a lending partner on the project since 2013.  

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IndianaIndustrialLeasing ActivityMidwest

Mazzella Lifting Technologies Signs 51,318 SF Industrial Lease in East Chicago, Indiana

by Kristin Harlow

EAST CHICAGO, IND. — Mazzella Lifting Technologies Inc. has signed a 51,318-square-foot industrial lease at 4400 Homerlee Ave. in East Chicago. Ed Wabick and Marc Hale of DarwinPW Realty/CORFAC International represented ownership, The Missner Group and RealTerm Logistics. The tenant, a manufacturer and supplier of industrial lifting products, is relocating from Romeoville to a newly constructed building that offers tax savings in Indiana, according to DarwinPW. Completed in 2022, the 249,600-square-foot property features a clear height of 32 feet, 20 exterior docks, 35 trailer parking stalls and 286 car parking spots. National Lease Advisors Inc. represented Mazzella in the lease.

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KansasLeasing ActivityMidwestRetail

Curry Real Estate Services Completes Lease-up of Windmill Square Shopping Center in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Curry Real Estate Services has completed the lease-up of Windmill Square shopping center in Overland Park. The newest tenants, Gather Home + Estate and 200Main Vintage, opened in mid-September. The vintage furniture and décor businesses came together as two like-minded operators to collaborate and share the responsibility of a showroom space for their respective collections. Curry completed exterior renovations to the nearly 50,000-square-foot Windmill Square this year. It was built in 1974.

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IllinoisLeasing ActivityMidwestOffice

Advocate Commercial Real Estate Advisors Relocates Chicago Headquarters to West Loop

by Kristin Harlow

CHICAGO — Advocate Commercial Real Estate Advisors has relocated its Chicago headquarters to 145 S. Wells in the West Loop. The commercial real estate firm will occupy 5,980 square feet on the 14th floor. Moceri + Roszak designed, developed and owns the 20-story building, which totals 210,318 square feet of rentable office space. Amenities include a penthouse amenity lounge with pool, ping-pong and foosball tables, a café and cocktail bar, golf simulator, outdoor deck, conference center and fitness center. Mark Bâby and Matt Lerner of Stream Realty Partners represented the landlord.

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AcquisitionsIndustrialTexas

Partners Real Estate Arranges Sale of 13,530 SF Industrial Property in Irving

by Taylor Williams

IRVING, TEXAS — Partners Real Estate has arranged the sale of a 13,530-square-foot industrial property in Houston. According to LoopNet Inc., the facility at 2300 Penn St. was built in 1984 and features 14-foot clear heights and six grade-level doors. Hanes Chatham Jr. and Graham Dressel of Partners represented the seller in the transaction. Rad Realty Group LLC represented the buyer, Garcia Laser Screeding. Quinn Conway of Partners arranged acquisition financing for the deal.

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