Property Type

BC Wood Acquires Two Shopping Centers in Newport, Kentucky Totaling 429,399 SF

by John Nelson August 31, 2022

NEWPORT, KY. — BC Wood Properties, a value-add shopping center investment firm based in Lexington, Ky., has purchased two retail centers in Newport, a suburb of Cincinnati. The adjacent assets, Newport Shopping Center and Newport Plaza, total 429,399 square feet. Newport Shopping Center’s tenant roster includes Newport Racing & Gaming, Crunch Fitness, Family Dollar, Dollar General, Cricket Wireless, H&R Block and GNC. Newport Plaza’s tenants include Fresh Thyme, Planet Fitness, Ace Hardware and Dollar Tree. Both centers also house several locally based stores and restaurants. BC Wood acquired the centers via its investment vehicle BC Wood Real Estate Fund III. The seller and sales price were not disclosed. With this acquisition, BC Wood now owns and operates 10 shopping centers in Kentucky.

August 31, 2022

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 580-Unit Self-Storage Facility in Troy, Texas

by Taylor Williams August 31, 2022

TROY, TEXAS — Marcus & Millichap has brokered the sale of Trojan Self Storage, a 580-unit facility in Troy, located south of Waco in Central Texas. The facility spans 87,480 net rentable square feet. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were private investors that requested anonymity, in the transaction.

August 31, 2022

Georgia Leasing Activity Office Southeast

LPC Southeast Negotiates 90,000 SF of Leases at NorthWinds Office Park in Alpharetta, Georgia

by John Nelson August 31, 2022

ALPHARETTA, GA. — Lincoln Property Co. Southeast (LPC Southeast) has negotiated several new leases, lease expansions and extensions at NorthWinds Office Park in Alpharetta totaling more than 90,000 square feet. Hunter Henritze, Michael Howell, Caroline Fisher and Robert deGolian of LPC Southeast represented the landlord, The Brookdale Group, in the lease negotiations. The tenants for these lease deals at the 1 million-square-foot, seven-building office park include: • Deposco (extending by 11,025 square feet); • Campbell & Brannon (extending by 17,425 square feet); • US Orthopedic Partners (new 10,445-square-foot lease); • Goldman Sachs (expansion/extension of 7,579 square feet); • Hanover Insurance Co. (new 7,119-square-foot lease); • Homrich Berg (new 6,992-square-foot lease); • Weissman P.C. (6,991-square-foot lease extension); • REP Perimeter Holdings (extended by 6,803 square feet); • CBIZ (6,514-square-foot lease extension); • Instant Financial (4,151 lease extension/expansion); • Adair & Baker (2,896-square-foot extension); and • H Clay Moore & Associates Inc. (new 2,762-square-foot lease) NorthWinds is located about 26 miles north of Atlanta and within one mile from Avalon and Ga. Highway 400. In addition to offices, the campus includes two hotels, two banks, nine restaurants, two complimentary fitness facilities, a daycare and learning facility and six free conference and training …

August 31, 2022

Leasing Activity Office Texas

CBRE Negotiates 45,496 SF Office Headquarters Lease in Southwest Austin

by Taylor Williams August 31, 2022

AUSTIN, TEXAS — CBRE has negotiated a 45,496-square-foot office headquarters lease in southwest Austin for Epicor Software, a provider of technology solutions for the manufacturing, distribution and retail sectors. Nate Stricklen and John Gump of CBRE represented the tenant, which took occupancy of its new space within the Las Cimas office complex in July, in the lease negotiations. Kevin Granger and Brian Liverman of Cushman & Wakefield represented the landlord, Boston-based Rockpoint.

August 31, 2022

Lee & Associates Office Texas

Kimley-Horn Signs 23,608 SF Office Lease Expansion in Houston’s Energy Corridor

by Taylor Williams August 31, 2022

HOUSTON — Civil engineering firm Kimley-Horn has signed a 23,608-square-foot office lease expansion at 11700 Katy Freeway in Houston’s Energy Corridor. The tenant is doubling its space to 47,216 square feet at the 14-story, 325,000-square-foot building. Kevin Poynter of Poynter Commercial Properties Corp. represented the landlord, an affiliate of ATCAP Partners, in the lease negotiations. Kris Knapstein and Drew Morris of Savills represented Kimley-Horn.

August 31, 2022

Acquisitions Michigan Midwest Multifamily Seniors Housing

Capital Real Estate Group Brokers $32.5M Sale of Two-Property Seniors Housing Portfolio in Michigan

by Kristin Harlow August 31, 2022

CENTRAL MICHIGAN — Capital Real Estate Group (CREG), through its U.S. Healthcare Investment Sales practice, has brokered the sale of a two-property seniors housing portfolio in Central Michigan. The properties total 139 units across 126,000 square feet. The two communities are located adjacent to one another and are spread over 13.5 acres. The portfolio’s unit mix comprises 88 assisted living units, 33 independent living units and 18 memory care units. The portfolio is over 80 percent leased and has maintained that occupancy on average for the past two years. A publicly traded healthcare REIT acquired the assets for $32.5 million. Andrew Larwood and Allen Inman, CREG’s managing partners, acted as the undisclosed seller’s exclusive advisor.

August 31, 2022

Acquisitions Midwest Office Wisconsin

Colliers Negotiates $14.6M Sale of Fair Park Business Center in Milwaukee

by Kristin Harlow August 31, 2022

MILWAUKEE — Colliers has negotiated the sale of Fair Park Business Center in Milwaukee for $14.6 million. Located at 620 S. 76th St., the 119,971-square-foot property is fully leased to six office and flex industrial tenants. The building was originally constructed in 1948 with additions and renovations occurring between 2006 and 2014. Some of the tenants include Children’s Hospital of Wisconsin, Lesaffre Yeast Corp. and Upper Iowa University. Tom Shepherd and Jennifer Huber-Bullock of Colliers represented the seller, SARA Investment Real Estate. A New York-based 1031 exchange investor was the buyer.

August 31, 2022

Acquisitions Illinois Midwest Multifamily

Kiser Group Arranges $9.7M Sale of Multifamily Property in Chicago

by Kristin Harlow August 31, 2022

CHICAGO — Kiser Group has arranged the sale of a 44-unit multifamily property in Chicago’s Ravenswood neighborhood for $9.7 million. Located at 5017 N. Wolcott Ave., the building comprises studio and one-bedroom units. About 25 percent of the units have been renovated. Residents have access to 10 parking spaces, a fitness room and laundry facilities. Lee Kiser, Andy Friedman and Jake Parker of Kiser brokered the transaction. Buyer and seller information was not released. The asset sold for $220,000 above the listed price.

August 31, 2022

Acquisitions Midwest Ohio Retail

Palomar Group Brokers $3.3M Sale of Retail Center in Oakwood Village, Ohio

by Kristin Harlow August 31, 2022

OAKWOOD VILLAGE, OHIO — The Palomar Group has brokered the $3.3 million sale of Hawthorne Shops in Oakwood Village, a southern suburb of Cleveland. The 50,957-square-foot retail center, built in 1991, is shadow anchored by Sam’s Club. Palomar Group represented the seller, Dallas-based Tabani Group. New York-based Z.E.A. Capital Realty Holdings was the buyer.

August 31, 2022

Leasing Activity Michigan Midwest Retail

Jazzercise to Open 1,800 SF Location in Troy, Michigan

by Kristin Harlow August 31, 2022

TROY, MICH. — International franchise chain Jazzercise Fitness Co. has signed a five-year lease to open an 1,800-square-foot location at Troy Sports Center in Troy. The property is located at 1819 E. Big Beaver Road. Barry Landau of Dominion Real Estate Advisors represented both the tenant and the undisclosed landlord. Jazzercise, founded in 1969, operates 5,800 locations in 25 countries.

August 31, 2022

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