Property Type

Oxford Properties, RAM Partners Open 352-Unit Celadon on Club Apartments in Metro Atlanta

by John Nelson March 27, 2023

LAWRENCEVILLE, GA. — Atlanta-based Oxford Properties and RAM Partners have begun preleasing Celadon on Club, a 352-unit luxury apartment community in Lawrenceville, roughly 40 miles northeast of Atlanta. Located at 3355 Club Drive, the development is situated on 33 acres that formerly housed Gwinnett County’s oldest country club. Amenities at the property, which comprises units in one-, two- and three-bedroom layouts, include a pool, clubhouse, TrackMan golf simulator, workout facilities and private office space available for lease. A trail also connects the property to Club Drive Park, which features outdoor basketball courts, a fishing lake, playground, paved path and grilling pavilion. RAM will manage the community on behalf of Oxford, which developed the project.

March 27, 2023

Acquisitions Maryland Multifamily Southeast

KLNB Arranges Sale of 238-Unit Apartment Community in Metro D.C.

by John Nelson March 27, 2023

GAITHERSBURG, MD. — KLNB’s new multifamily team has arranged the sale of Governor Square Apartments, a 238-unit community located in Gaithersburg, approximately 26 miles northwest of Washington, D.C. The property features units in one-, two- and three-bedroom layouts, ranging in size from 720 to 1,290 square feet. Rawles Wilcox, Jared Emery and Dutch Seitz, part of a group of 18 brokers who joined KLNB through the firm’s acquisition of Edge Commercial Real Estate, represented the buyer, Acento Real Estate Partners, in the transaction. The seller and sales price were not disclosed.

March 27, 2023

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $4.5M Sale of CVS-Leased Retail Property in Sarasota, Florida

by John Nelson March 27, 2023

SARASOTA, FLA. — Marcus & Millichap has brokered the $4.5 million sale of a 10,378-square-foot retail property located at 8546 S. Tamiami Trail in Sarasota. CVS/pharmacy occupies the building on a net-lease basis. The property was built in 1999 on a 1.6-acre site. Joseph Prio, Alan Lipsky and Barry Wolfe of Marcus & Millichap arranged the sale on behalf of the seller, FFT Livingstone Investors Inc. An undisclosed private investor was the buyer.

March 27, 2023

Georgia Leasing Activity Office Southeast

TSA Signs 44,000 SF Office Lease Near Hartsfield-Jackson Atlanta Airport

by John Nelson March 27, 2023

EAST POINT, GA. — The Transportation Security Administration (TSA) has signed a 44,000-square-foot, long-term office lease at 1500 Centre Parkway in East Point, roughly seven miles west of Hartsfield-Jackson Atlanta International Airport. Caroline Fisher, Hunter Henritze and Michael Howell of Lincoln Property Co. Southeast arranged the lease on behalf of the landlord, a partnership between SGP Real Estate, Hight Property Group and Knox Properties. This lease brings the office building, which comprises 97,696 square feet total, to 95 percent occupancy and marks the second long-term federal user signed to the building by Lincoln and Lincoln’s Government Services Group (GSC), following the U.S. General Services Administration’s 29,737-square-foot lease agreement in late 2020. Originally built in 2008 and situated within a 320-acre landscaped park, the property was renovated in 2018 and features an updated lobby, onsite amenities and flexible floor plates.

March 27, 2023

Leasing Activity Office Texas

Swinerton Signs 11,000 SF Office Lease in Downtown Dallas

by Taylor Williams March 27, 2023

DALLAS —Swinerton has signed an 11,000-square-foot office lease at 2200 Main St. in downtown Dallas. The construction management firm will occupy the entire third floor of the five-story, 65,565-square-foot building and has partnered with IA Interior Architects to design and build out its new office space. Scott Hage of JLL represented Swinerton in the lease negotiations. Ben Davis of CBRE represented the landlord, locally based investment firm Todd Interests.

March 27, 2023

Development Leasing Activity Office Southeast Tennessee

The Malin to Open 16,000 SF Coworking Space in Nashville

by John Nelson March 27, 2023

NASHVILLE, TENN. — The Malin, a work-focused members club, will open a 16,000-square-foot coworking location in Nashville’s Wedgewood-Houston neighborhood this fall. Located within Nashville Warehouse Co., the city’s first mass timber building, the space will comprise 48 dedicated desks, seven private offices, six meeting rooms and a library. AJ Capital Partners is leading the development of the project. Other committed tenants at Nashville Warehouse Co.’s 5.2-acre campus include Soho House Nashville, Apple Music, Live Nation, Red Bull and Pastis, a French restaurant also set to open this year.

March 27, 2023

Development Leasing Activity Restaurant Retail Texas

Chick-fil-A to Open 4,995 SF Restaurant at Northwoods Shopping Center in North San Antonio

by Taylor Williams March 27, 2023

SAN ANTONIO — Chick-fil-A has signed a lease to open a 4,995-square-foot restaurant at Northwoods Shopping Center in San Antonio. The Atlanta-based fast-food chain will occupy a 1.5-acre pad site at the center, which is located at the intersection of U.S. Highway 281 and Loop 1604 on the city’s north side. Other retailers at Northwoods Shopping Center, which is owned by Los Angeles-based CIM Group, include grocer H-E-B, Barnes & Noble, Marshall’s, Ulta Beauty and Old Navy. An opening date was not disclosed.

March 27, 2023

Development Midwest Missouri Multifamily

Cordish Tops Out $140M Three Light Luxury Apartments in Kansas City’s Power & Light District

by Kristin Harlow March 27, 2023

KANSAS CITY, MO. — The Cordish Cos. has topped out Three Light Luxury Apartments in Kansas City’s Power & Light District. JE Dunn Construction Co. is the general contractor. Located at the corner of Truman Road and Main Street, Three Light rises 25 stories and sits directly on the KC Streetcar Line. The $140 million project will include a seven-story parking garage with 472 spaces as well as 7,600 square feet of ground-floor retail space. Three Light will feature more than 30,000 square feet of amenity space, including an eighth-floor outdoor terrace with an infinity-edge pool, clubroom, party room, entertainment kitchen, theater room, game room, business center, fitness center, coworking spaces, dog washing station, concierge services and laundry services. Three Light is slated for completion this fall. Nearly 20 percent of the units have been leased so far. Three Light follows previous multifamily projects, One Light and Two Light.

March 27, 2023

Affordable Housing Development Healthcare Indiana Midwest Multifamily

Venture Unveils $65M Master Redevelopment Plan for Meridian Street in Indianapolis

by Kristin Harlow March 27, 2023

INDIANAPOLIS — Local healthcare provider Adult & Child Health, Colliers, healthcare real estate company Innovcare and national development firm TWG have unveiled a master plan for the redevelopment of Meridian Street in Indianapolis. Project costs are estimated at $65 million. Plans call for the redevelopment of six buildings along the North Meridian Corridor. The development team plans to convert the properties into new uses such as primary care services, mental health services and affordable housing. All of the buildings are located within a federal Opportunity Zone and near the IndyGo Red Line. The project is made possible through support from the City of Indianapolis. Innovcare will pay real estate property taxes to further the redevelopment and investment of the Meridian corridor. Adult & Child Health signed a long-term lease to relocate to 1840 N. Meridian St. upon completion of the redevelopment project. The 40,000-square-foot building and parking area, previously owned by Indianapolis Public Schools, has sat vacant for seven years. Colliers assisted Adult & Child Health in its new lease as well as the sale of two existing assets at 603 E. Washington St. and 222 E. Ohio St. Indianapolis-based TWG has acquired four vacant buildings and plans to redevelop …

March 27, 2023

Illinois Leasing Activity Life Sciences Midwest

Chan Zuckerberg Biohub Chicago Signs 25,698 SF Lease at Fulton Labs

by Kristin Harlow March 27, 2023

CHICAGO — Chan Zuckerberg Biohub Chicago (CZ Biohub Chicago), a new biomedical research institute that brings together scientists from Northwestern University, the University of Chicago and the University of Illinois Urbana-Champaign, has signed a 25,698-square-foot lease at Fulton Labs. Trammell Crow Co. (TCC) owns the two-building, 725,000-square-foot campus, which is situated in Chicago’s Fulton Market district. CZ Biohub Chicago researchers will engineer technologies to make precise, molecular-level measurements of biological processes within human tissues, with an ultimate goal of understanding and treating the inflammatory states that underlie many diseases. Dan Lyne of CBRE represented TCC in the lease. Other tenants at Fulton Labs include Dimension Inx, Celadyne Technologies, Portal Innovations, Charles River Laboratories, Xeris Pharmaceuticals, Vanqua Bio and Talis Biomedical. Facebook’s Mark Zuckerberg and his wife, Priscilla Chan, are the co-founders and co-CEOs of the Chan Zuckerberg Initiative.

March 27, 2023

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