Property Type

Cohen Asset Management Buys 698,880 SF Industrial Facility in Wilmer, Texas

by Taylor Williams November 17, 2022

WILMER, TEXAS — Southern California-based investment firm Cohen Asset Management has purchased Sunridge II, a 698,880-square-foot industrial facility located in the southern Dallas suburb of Wilmer. The cross-dock building was delivered in 2022 and is located off I-45 within one mile of the Union Pacific Intermodal Terminal. Building features include 40-foot clear heights, 138 dock doors, four drive-in ramps, an ESFR sprinkler system and 10,000 square feet of office space. Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber of CBRE represented the seller, Indianapolis-based Scannell Properties, in the transaction. The sales price was not disclosed.

November 17, 2022

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Arranges Sales of Three San Antonio Self-Storage Facilities Totaling 650 Units

by Taylor Williams November 17, 2022

SAN ANTONIO — Marcus & Millichap has arranged the sales of three self-storage facilities in San Antonio totaling 89,815 net rentable square feet across 650 units. The properties include Comal Ridge Self Storage, located at 23995 Bat Cave Road; Garden Ridge Self Storage, located at 22480 FM 3009; and Palo Alto Self Storage, located at 9018 Poteet Jourdanton Freeway Access Road. Jon Danklefs of Marcus & Millichap represented the three limited liability companies that sold the assets in the transactions. Each facility was purchased by a different buyer, with all parties requesting anonymity.

November 17, 2022

Affordable Housing Development Loans Multifamily Seniors Housing Texas

Hunt Capital Provides $13.6M in LIHTC Equity for Affordable Seniors Housing Project in Temple

by Taylor Williams November 17, 2022

TEMPLE, TEXAS — Hunt Capital Partners has provided $13.6 million in Low-Income Housing Tax Credit (LIHTC) equity for Mariposa Scott & White, a 140-unit affordable seniors housing project in the Central Texas city of Temple. The development will consist of four three-story buildings on a 4.5-acre site. The majority (108) of the units will be rented to households earning up to 30, 50 or 60 percent of the area median income, and the remaining 32 units will be rented at market rates. Amenities will include a pool, fitness center, business center, clubhouse, theater room and outdoor picnic areas. Cadence Bank is also providing a $16.8 million construction loan for the project, which is scheduled for a January 2024 completion. The borrower is a partnership between Sycamore Strategies and Stuart Shaw Family Development.

November 17, 2022

Leasing Activity Office Texas

CBRE Negotiates 19,074 SF Office Lease in The Woodlands, Texas

by Taylor Williams November 17, 2022

THE WOODLANDS, TEXAS — CBRE has negotiated a 19,074-square-foot office lease at Wildwood Corporate Centre in The Woodlands, about 30 miles north of Houston. The two-building, 330,000-square-foot complex was built in phases between 2014 and 2016 and offers a fitness center and conference facilities. Steve Rocher and Jason Presley of CBRE represented the landlord, an entity doing business as GeoSouthern Budde Road LLC, in the lease negotiations. Greg Usher of Cypressbrook Co. represented the tenant, FCC Environmental Services.

November 17, 2022

Civic Development Massachusetts Northeast

MassDevelopment Provides $36M Bond for Boston School Renovation, Expansion Project

by Taylor Williams November 17, 2022

BOSTON — MassDevelopment has provided a $36 million tax-exempt bond to fund a project at The Park School in the Brookline area. The project will entail a renovation of an existing building to create space for an art and science wing, the construction of an outdoor turf athletic field and a ropes course and the addition of a new elevator in the main building. Additionally, the school will use bond proceeds to make roof repairs, replace skylights in various facilities and install a new sprinkler system. Construction is underway and expected to be complete in January 2024. Eastern Bank purchased the bond, which will also be used to refinance previously issued debt. Founded in 1888, The Park School is a nonprofit institution with an enrollment of 560 students in grades pre-K through 8.

November 17, 2022

Development Loans Maine Multifamily Northeast

Jones Street Receives $36M Construction Loan for Multifamily Project in Brunswick, Maine

by Taylor Williams November 17, 2022

BRUNSWICK, MAINE — Private equity real estate firm Jones Street Investment Partners has received a $36 million construction loan for a 181-unit multifamily project in Brunswick, located in the southern coastal part of Maine. The site is located in a Qualified Opportunity Zone within Brunswick Landing, which is a commercial and industrial redevelopment of a former naval base. Bangor Savings Bank provided the loan. Completion is slated for late 2024.

November 17, 2022

Acquisitions New Hampshire Northeast Retail

Atlantic Capital Partners Arranges Sale of 166,332 SF Former Sears Building at New Hampshire Mall

by Taylor Williams November 17, 2022

NASHUA, N.H. — Atlantic Capital Partners, a division of Boston-based brokerage firm Atlantic Retail, has arranged the sale of an 166,332-square-foot former Sears building at Pheasant Lane Mall in Nashua, located in the southern part of New Hampshire. The building sits on 12.2 acres. Justin Smith, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.

November 17, 2022

Affordable Housing Development Multifamily New Jersey Northeast

TCB Completes 111-Unit Supportive Housing Redevelopment in Jersey City

by Taylor Williams November 17, 2022

JERSEY CITY — The Community Builders (TCB), an affordable housing owner-operator with five offices across the country, has completed Bergenview Apartments, a project IN Jersey City that converted a historic YMCA building into a 111-unit apartment complex for formerly homeless individuals. All units are studios, and residents have access to a gym, game room, demonstration kitchen and a learning center. Kramer+Marks Architects designed the redevelopment, and Pike Construction Co. LLC served as the general contractor. The New Jersey Housing & Mortgage Finance Agency provided Low-Income Housing Tax Credit equity for the project.

November 17, 2022

Affordable Housing Development Illinois Midwest Multifamily

Structured Development, Evergreen Real Estate Group Open 48-Unit Mixed-Income Apartment Complex in Chicago

by Kristin Harlow November 17, 2022

CHICAGO — Structured Development and Evergreen Real Estate Group have opened Schiller Place Apartments on Chicago’s Near North Side. The mixed-income apartment complex consists of 48 units across three buildings. Located immediately south of Structured’s NEWCITY development on land that was formerly home to the Isham YMCA, Schiller Place is fully leased. There are six market-rate units, 24 reserved for Chicago Housing Authority (CHA) residents, 13 set aside for households earning up to 60 percent of the area median income (AMI) and five reserved for those who earn up to 30 percent of AMI. Five of the units have been earmarked for veterans and five will house individuals sourced through the Statewide Referral Network, which works with households earning up to 30 percent of AMI with a head of household who has a disability or illness. The project team included GMA Construction and architecture firm Bailey Edward. Funding for Schiller Place included federal 4 percent Low-Income Housing Tax Credits awarded by the Illinois Housing Development Authority (IHDA) and syndicated by Hudson Housing Capital. IHDA also awarded Illinois Affordable Housing Tax Credits that were syndicated by Clocktower Tax Credits and sponsored by Housing and Human Development Corp., which will provide onsite …

November 17, 2022

Acquisitions Illinois Midwest Northmarq Retail

Northmarq Brokers $18.1M Sale of Whole Foods Market-Occupied Property in Chicago

by Kristin Harlow November 17, 2022

CHICAGO — Northmarq has brokered the sale of a retail property occupied by Whole Foods Market in Chicago for $18.1 million. The 41,148-square-foot store is situated on the first floor of a condominium development at 6020 N. Cicero Ave. within the Sauganash neighborhood. The property was built in 2007. Isaiah Harf of Northmarq represented the seller, a private investor based in Maryland. The buyer was a California-based family trust.

November 17, 2022

Newer Posts

Older Posts