Property Type

Northland, Ascent Purchase 216-Unit Glenwood at Grant Park Apartments in Atlanta

by John Nelson July 25, 2023

ATLANTA — Northland has partnered with Ascent Property Management to purchase Glenwood at Grant Park, a 216-unit apartment community located in Atlanta’s Grant Park neighborhood. The seller and sales price were not disclosed. Built in 2016, the midrise property features a mix of studio, one- and two-bedroom apartments. Amenities include a 24-hour business center, fitness center, bocce ball court, coffee bar, resort-style pool and courtyard, pet washing station, a resident lounge and game room, package lockers, EV charging stations and access to the Atlanta BeltLine. This is Northland’s ninth acquisition in Georgia since entering the market in 2020.

July 25, 2023

Development Georgia Mixed-Use Restaurant Southeast

North American Properties, Politan Group to Open New Food Hall at Forum Peachtree Corners in Metro Atlanta

by John Nelson July 25, 2023

PEACHTREE CORNERS, GA. — Cincinnati-based mixed-use developer and operator North American Properties (NAP) has partnered with New Orleans-based Politan Group for a new food hall at The Forum Peachtree Corners, a mixed-use redevelopment in metro Atlanta. Set to open in summer 2024, the new Politan Row at The Forum is the second food hall between NAP and Politan Group as the duo opened Politan Row at Colony Square in Midtown Atlanta two years ago. The nearly 10,000-square-foot food hall will feature space for seven independent food-and-beverage concepts, a central Bar Politan, private event venue and an outdoor patio fronting the greenspace. Politan Group is also activating the adjacent jewel box with a standalone restaurant and wine bar. Bell-Butler is designing the food hall. Other uses coming to The Forum Peachtree Corners include a 125-room hotel, 381 apartments and a structured parking deck.

July 25, 2023

Acquisitions Florida Industrial Southeast

Cushman & Wakefield Brokers Sale of 677,789 SF Industrial Park in Deerfield Beach, Florida

by John Nelson July 25, 2023

DEERFIELD BEACH, FLA. — Cushman & Wakefield has brokered the sale of Quiet Waters Business Park, an infill industrial park in South Florida’s Deerfield Beach. PGIM Real Estate sold the seven-building, 677,789-square-foot property for an undisclosed price. The buyer was also not disclosed. Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon, Greg Miller, Cassandra Hernandez and Chloe Strada of Cushman & Wakefield represented the seller in the transaction. Matthew McAllister, Christopher Thomson, Chris Metzger and Rick Etner of Cushman & Wakefield’s South Florida Industrial Team will handle the property’s leasing assignment going forward. Quiet Waters is situated along the planned expansion of SW 10th Street, which will offer more direct connectivity to I-95, Sawgrass Expressway and the Florida Turnpike. The park houses 30 tenants and features a wide range of bay sizes with dock-high and grade-level loading.

July 25, 2023

Industrial Loans Texas

Affinius Capital Provides $90.6M Acquisition Loan for Houston Industrial Park

by Taylor Williams July 25, 2023

HOUSTON — Affinius Capital, which is a joint venture between San Antonio-based USAA Real Estate and New York-based Square Mile Capital Management, has provided a $90.6 million acquisition loan for an industrial park in Houston. The four-building, 1 million-square-foot development is located on Fairbanks North Houston Road near U.S. Highway 290 and Beltway 8. Building features include 32-foot clear heights and 180- to 185-foot truck court depths. The borrower was Dallas-based Dalfen Industrial.

July 25, 2023

Development Multifamily Texas

Partnership Breaks Ground on 436-Unit Multifamily Project in Carrollton, Texas

by Taylor Williams July 25, 2023

CARROLLTON, TEXAS — A partnership led by Atlanta-based Integral Group has broken ground on EVIVA Trinity Mills, a 436-unit multifamily project located in the northern Dallas metro of Carrollton. The project is being developed as part of Trinity Mills Station, a 25-acre urban village located adjacent to a Dallas Area Rapid Transit (DART) Green Line Station. The community will house studio, one- and two-bedroom units and roughly 11,000 square feet of retail space. Completion is slated for November 2025. Other members of the development team include Koa Partners and Artemis Real Estate Partners.

July 25, 2023

Affordable Housing Loans Multifamily Texas

BWE Provides $7.1M Agency Refinancing of Affordable Housing Complex in Houston

by Taylor Williams July 25, 2023

HOUSTON — BWE, the commercial lender formerly known as Bellwether Enterprise Real Estate Capital, has provided a $7.1 million Freddie Mac loan for the refinancing of Coral Hills Apartments, a 172-unit affordable housing complex in Houston. The 16-building property offers amenities such as a pool, courtyard and onsite laundry facilities. Units are reserved for renters earning up to 30, 50 and 60 percent of the area median income. Jon Killough and John Roberts of BWE originated the financing, which was structured with a fixed interest rate, 15-year term and a 40-year amortization schedule. The borrower was Alabama-based Envolve Communities.

July 25, 2023

Acquisitions Industrial Texas

JP Oil Holdings Sells 74,031 SF Industrial Building in Addison, Texas

by Taylor Williams July 25, 2023

ADDISON, TEXAS — Energy services provider JP Oil Holdings has sold a 74,301-square-foot industrial building located at 3801 Arapaho Road in the northern Dallas metro of Addison. According to LoopNet Inc., the property was built on 5.4 acres in 1981 and features 14- to 16-foot clear heights. Mac Morse and Paul Clarkson of Citadel Partners represented JP Oil Holdings in the transaction. Jeremy Mercer and Keenan Cook of Mercer Co. represented the buyer, Georgia Underground & Supply.

July 25, 2023

Leasing Activity Office Texas

Preston Hollow Community Capital Relocates Office Headquarters to Uptown Dallas

by Taylor Williams July 25, 2023

DALLAS — Financial advisory firm Preston Hollow Community Capital has relocated its office headquarters from Comerica Bank Tower to PwC Tower at Park District in Uptown Dallas. The space overlooks Klyde Warren Park and spans 15,000 square feet. The firm’s new headquarters space on the sixth floor was designed by BHA and built out by Metroplex General Contractors. Scott Hage of JLL represented the tenant in the lease negotiations. MetLife Investment Management owns the 20-story, 500,000-square-foot building.

July 25, 2023

Development Illinois Midwest Multifamily

McHugh Construction Tops Out Cassidy on Canal Apartment Tower in Chicago’s Fulton River District

by Kristin Harlow July 25, 2023

CHICAGO — McHugh Construction has topped out construction of Cassidy on Canal, a 33-story apartment tower in Chicago’s Fulton River District. The project team includes co-developers The Habitat Co. and Diversified Real Estate Capital LLC as well as architect Solomon Cordwell Buenz. In a nod to the site’s history, bricks from the former Cassidy Tire building were used a baseline for selecting bricks for the new structure. The 355-foot-tall tower will offer studios, one- and two-bedroom units. The fifth-floor amenity space will include a fitness center, game room, various clubrooms, a coworking center, spa with sauna, pool, sun deck and grilling areas. First move-ins are slated for spring 2024.

July 25, 2023

Industrial Kansas Leasing Activity Midwest

BCB Development Adds Two New Tenants at Southpark Commerce Center in Metro Kansas City

by Kristin Harlow July 25, 2023

OLATHE, KAN. — BCB Development has signed leases with two new tenants at Southpark Commerce Center in Olathe. Rob Holland and Jack Goldsborough of Cushman & Wakefield represented BCB in each of the leases. United Rotary Brush leased the entire 135,000-square-foot Building B. Joe Accurso of Cushman & Wakefield represented the tenant. Groundworks leased the entire 112,550-square-foot Building A. Whitney Freeburn of Flowers Capital Holdings represented the tenant. Southpark Commerce Center consists of three buildings totaling 382,500 square feet and delivered in December. There are 54,000 square feet remaining available for lease in Building C.

July 25, 2023

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