OVERLAND PARK, KAN. — MMG Real Estate Advisors has arranged the sale of Residences at Prairiefire, a 426-unit multifamily community in Overland Park. The sales price exceeded $100 million. Price Brothers Management Co., a Kansas City-based owner-operator, was the buyer. CRES Management, in partnership with Artemis Real Estate Partners, was the seller. TJ Wahl, Harry Trotter, Colson Bayles, Parker Guffey, Brett Meinzer, Michael Sullivan and Alex Blagojevich of MMG brokered the sale.
CHICAGO — Carr Workplaces, a provider of flexible office solutions, has opened Carr Workplaces – The Loop at 20 North Clark Street in downtown Chicago. Located within walking distance of City Hall, government administration buildings, courthouses and public transportation, the workspace offers private offices, dedicated workstations, four meeting rooms, phone rooms and rentable lockers. Members also enjoy access to in-building amenities such as a fitness center, conference center, lounge and 24/7 building security.
PINEVILLE, N.C. — Swinerton Builders’ Carolinas division has broken ground on a $5.5 million medical office building located at 10425 Good Sell Court in Pineville, about 14 miles south of Charlotte. Locally based Metrolina Dermatology will occupy the 8,000-square-foot property upon completion, which is expected in early spring. Situated on 1.2 acres, the medical office building will feature 11 exam rooms, two aesthetic rooms, four Mohs exam rooms, one Mohs lab, a sterilization room, four offices and up to five medical assistant/nursing stations, as well as a welcoming lobby/waiting area and an employee breakroom. (Mohs is a specialized technique used to remove skin cancers.) Outside, the property will feature an asphalt parking lot for 40 to 50 cars. The design-build team includes Nelson Worldwide Architects, Cornerstone Architecture, LJB Engineering and Kimley-Horn.
STOW, OHIO — Marcus & Millichap has brokered the $3.8 million sale-leaseback of 4246 Hudson Drive, a 43,248-square-foot industrial property in Stow. Situated on approximately 4.2 acres, the building includes seven external docks, two drive-in doors and a clear height of 20 feet. Originally built in 1999 with a warehouse expansion in 2008, the facility serves as the corporate headquarters of Printing Concepts, a Northeast Ohio commercial printer. Alex Gallicho, Peter Doughty and Michael Glass of Marcus & Millichap represented the seller and procured the undisclosed buyer.
LANSING, MICH. — Pita Way has signed a 1,400-square-foot lease to open at The Marketplace at Delta Township in Lansing. Michael Murphy of Gerdom Realty & Investment represented the tenant. The transaction marks the sixth Pita Way location that Gerdom helped the tenant secure in the past year. Eric Unatin of Mid-America Real Estate Group represented the undisclosed landlord.
ATLANTA — Selig Enterprises has submitted a rezoning request for the second phase of The Works, an 80-acre mixed-use village located in Atlanta’s Upper Westside neighborhood. According to The Atlanta Journal-Constitution, Phase II could span 2.2 million square feet upon completion. Phase I of The Works included adaptive reuse offices housing firms including Google Fiber and City of Atlanta; Westbound at The Works, a 306-unit apartment community; Chattahoochee Food Works, a food hall with 31 stalls serving dishes including pho, barbecue, donuts, subs, Mexican food and more; Dr. Scofflaw’s at The Works, a research-and-development brewery concept from Atlanta-based Scofflaw Brewing; retail space, including boutique stores, salons, Stellar Bodies and a standalone Ballard Designs store; and outdoor gathering areas, including Fetch Park (off-leash dog park) and The Camp (outdoor playground and live music space). Selig is proposing a mix of multifamily, office and retail components along Logan Circle and Chattahoochee Avenue. Phase II, which will span the remaining 53 acres of the site, is currently in early planning stages, with no immediate construction timeline established at this time. Selig is working closely with the Upper Westside CID and local neighborhood groups to gain insight and feedback throughout the process. Founded in …
COLLEGE STATION, TEXAS — Subtext, a student housing and multifamily owner-operator based in St. Louis, in partnership with Larson Capital Management, has broken ground on a 1,193-bed student housing project near Texas A&M University in College Station. Known as VERVE College Station, the 21-story, 392-unit building will be situated in the city’s Northgate Entertainment District, less than two blocks from campus. Residences will come in studio to five-bedroom floor plans, and amenities will include a pool, lounge, sky lounge, study rooms, a coffee bar, fitness center, meditation rooms, multi-sport simulator and an indoor/outdoor bar and kitchen. Hoar Construction is serving as the general contractor for the project, which is slated for a summer 2028 completion.
CORPUS CHRISTI, TEXAS — Disney Investment Group (DIG), a Dallas-based brokerage firm, has arranged the sale of Moore Plaza, a 379,035-square-foot retail power center in Corpus Christi. Major users among the center’s roster of 40 tenants include Hobby Lobby, Mardel, Marshalls, Burlington, Old Navy, Office Depot, Total Wine & More, Half Price Books and Pet Supplies Plus. David Disney and Adam Crockett of DIG represented the undisclosed seller in the transaction and procured the buyer, Chicago-based investment firm Bridge33. The deal follows DIG’s closing of the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi, for a combined sales price of roughly $97 million.
FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired a 160,000-square-foot distribution building in North Fort Worth. The building is situated on a 9.3-acre site within North Quarter 35 Business Park, a four-building, 645,000-square-foot development. Building features include 32-foot clear heights, 185-foot truck court depths, 35 dock-high doors, two grade-level doors and 21 trailer parking stalls. Westcore acquired the building in a sale-leaseback with an undisclosed owner-occupier and now owns North Quarter 35 Business Park in its entirety, having purchased three existing buildings at the property in 2023.
IRVING, TEXAS — Partners Real Estate has brokered the sale of Embassy Apartments, a 111-unit multifamily complex in Irving. According to Apartments.com, the property offers one-, two- and three-bedroom units, as well as onsite laundry facilities. Preston Browne and Scott Lunine of Partners brokered the deal, which traded at a per-unit price of roughly $125,000. The seller and buyer were not disclosed.
