DENVER — Ireland Stapleton, a full-service Colorado commercial law firm, has relocated its Denver headquarters to 1660 Lincoln St., Suite 3000. The firm has taken over the top floor of the newly renovated, 30-story building in Denver’s Uptown neighborhood. The space has been remodeled with a layout that features a number of shared offices, hotel-style offices, and advanced technology that will increase communication and collaboration within teams and practice groups. This flexible atmosphere is designed to better accommodate both remote and in-office workers.
CREVE COEUR, MO. — Brinkmann Constructors has broken ground on the new office headquarters for First Bank in Creve Coeur, a western suburb of St. Louis. The project consists of two office buildings totaling 169,000 square feet as well as a retail bank branch. First Bank’s original headquarters, built in 1967, was demolished in order to make space for the new headquarters. Completion is slated for spring 2024. The project team includes Lamar Johnson Collaborative, IMEG Corp., CEDC Civil Engineering Design Consultants and Cobalt Construction Consulting.
KANSAS AND MISSOURI — Hanley Investment Group Real Estate Advisors has arranged the sales of 10 retail properties occupied by Valvoline for a combined $17.3 million. The net-leased buildings sold to 10 separate buyers. Hanley, in association with Kansas City-based Ferguson Properties, represented the seller, an Arizona-based private investor, in nine of the 10 transactions. Hanley, in association with ParaSell Inc., represented a different seller in the 10th transaction for an asset in Kansas City. That seller was a private investor based in Kansas City.
CHICAGO — Matthews Real Estate Investment Services has brokered the sale of a 65-unit multifamily property in Chicago for $6.3 million. The building is located at 7733 S. Shore Drive. Finley Askin of Matthews represented both the buyer and seller. The buyer was an out-of-state investor looking to plant capital in metro Chicago. The seller, which acquired the property in 2021, completed renovations such as a new rubber seal coating on the roof and new windows.
CHICAGO — Hanley Flight & Zimmerman, a patent and intellectual property law firm, has signed a 13,943-square-foot office lease at Chicago’s 10 South Wacker, otherwise known as CME Center. The building features amenities such as a lounge, conferencing center, fitness facilities and a riverside restaurant and wine bar. Nathan Miller, Andrew Davidson and Kyle Robbins of Transwestern Real Estate Services represented the tenant. Olivia Parker and Adam Mitchell of Tishman Speyer represented the landlord, 10-30 South Wacker LLC.
SOUTHGATE, MICH. — HomeBuys has leased 34,019 square feet and will backfill a former Big Lots property at 14155 Eureka Road in Southgate, a southwest suburb of Detroit. The lease marks the first Michigan location for the discount home goods retailer. Michael Murphy and Bill McLeod of Gerdom Realty & Investment represented the undisclosed landlord. Brad Rosenberg of Mid-America Real Estate Corp. represented the tenant.
CHARLOTTE, N.C. — Crescent Communities plans to break ground Wednesday on The River District, a master-planned community on Charlotte’s west side. The development will span 1,400 acres between the Catawba River and Charlotte Douglas International Airport, including 500 acres of preserved land. Upon completion, The River District will feature 5,000 residences (single-family homes and apartments), 8 million square feet of commercial space, hotels and seniors housing apartments. Crescent expects the development to generate more than $5.6 billion of gross annual economic impact for the region and state. “The River District’s location along the Catawba River, Charlotte’s only major body of water, will provide urban amenities and public access to the riverfront that has not previously been available to Charlotte,” says Chase Kerley, managing director of Crescent Communities. The first series of milestones includes delivering major utility and roadway infrastructure for The River District’s first phase, Westrow. The 70-acre area will feature a range of residential offerings including apartments, townhomes and single-family residential lots, as well as small retail spaces, restaurants, event space and offices. Westrow will also include trails, parks, an event lawn and a two-acre working farm. Crescent’s NOVEL brand will anchor the first phase with 514 market-rate apartments, …
BARTLESVILLE, OKLA. — Locally based investment firm Copper Tree Inc. has acquired Price Tower, a historic building in Bartlesville, about 45 miles north of Tulsa. Designed by Frank Lloyd Wright, the 19-story building was originally constructed in 1956 as the headquarters for H.C. Price, a manufacturer of pipelines and machinery for the oil and gas industry. Copper Tree plans to implement a capital improvement program to restore the building’s infrastructure and reposition it as a lifestyle hub.
CAMERON, TEXAS — Marcus & Millichap has brokered the sale of Cameron U Store M, a 179-unit self-storage facility that sits on a 2.5-acre site about 50 miles south of Waco. The property was built in 1950 and spans 29,128 net rentable square feet of non-climate-controlled space. Arol Horkavy and Jon Danklefs of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies that requested anonymity, in the transaction.
HOUSTON — Locally based brokerage firm Finial Group has arranged the sale of a 12,260-square-foot industrial building located at 12402 Eastex Freeway in North Houston. The newly renovated building includes 2,400 square feet of office space. Doc Perrier and William Alcorn of Finial Group represented the seller in the transaction, and Jeff Kuper and Stephen Kuper of Lee & Associates represented the buyer. Both parties requested anonymity.