BELLEVUE, NEB. — Northmarq has provided a $29.9 million Freddie Mac loan for the refinancing of Fontenelle Hills in Bellevue, a southern suburb of Omaha. The multifamily property is comprised of 339 units across 36 buildings. Community amenities include a fitness center, pool, basketball court, walking trails and laundry facilities. Brett Hood of Northmarq structured the 15-year, fixed-rate loan. The borrower was undisclosed.
KANSAS CITY, MO. — Thompson Thrift has sold The Element, a 276-unit apartment complex in Kansas City. The sales price was undisclosed. Minneapolis-based Timberland Partners purchased the asset. Completed in November 2021, The Element is comprised of three garden-style buildings with units that average 958 square feet. The property is 95 percent leased. Amenities include a fitness center, pool, coffee bar, two dog parks and a pet spa. Gabe Tovar of Northmarq brokered the sale.
MONTGOMERY, ILL. — Coldwell Banker Commercial Real Estate Group has brokered the $3.4 million sale of the US 30 Self Storage property in Montgomery, about 45 miles west of Chicago. The self-storage facility consists of 278 enclosed units and 268 paved parking spaces for boats and RVs. The property was originally constructed in 2005 with additional units added in 2021. Richard Faltz of Coldwell Banker Commercial represented the undisclosed buyer. The seller was also not provided.
OAK BROOK, ILL. — International Contractors Inc. has signed a 17,700-square-foot office lease at 1 Mid America Plaza in the Chicago suburb of Oak Brook. The tenant is a 40-year-old construction management firm. Daniel Cawley and Brayden Schiff of Cawley Chicago represented the tenant in the lease transaction. Josh Feldman of Cushman & Wakefield represented the landlord, Crowe LLC.
CHICAGO — Luxury Spanish bridalwear brand Rosa Clará has signed a 2,200-square-foot retail lease at 670 N. Wabash Ave. in Chicago near the Magnificent Mile. The store is slated to open later this fall. Jordan Karp of Savills represented the tenant. In Spain, Rosa Clará is expanding its footprint in Valencia and Cordoba.
WILMER, TEXAS — Dallas-based Champion Partners and Chicago-based Cresset Partners have broken ground on Tradepoint 45 West, a 1.3 million-square-foot speculative warehouse that will be located in the southern Dallas suburb of Wilmer. The site spans 95 acres, and the structure will feature 40-foot clear heights, 237 dock doors, 354 truck trailer parking stalls and 306 employee parking spaces. Completion is slated for the third quarter of 2023. The development team has tapped Stream Realty Partners to lease the building.
SUNNYVALE, TEXAS — Colliers has negotiated the sale of a 163,000-square-foot manufacturing facility located on U.S. Highway 80 in Sunnyvale, an eastern suburb of Dallas. Automotive parts provider The Adell Group occupies the facility along with construction management firm The Christman Co. Andrew Johnson of Colliers represented the buyer, Dallas-based Leon Capital Group, in the transaction, additional terms of which were not disclosed.
SAN ANTONIO — Locally based firm DPR Investments has acquired One Park Ten, a 156,000-square-foot office park in San Antonio. The four-building development is located along the I-10 corridor, just inside Loop 410 on the city’s north side. DPR Investments purchased the property from Florida-based Accesso Partners with plans to implement a value-add program. The firm has tapped REOC San Antonio to lease the property.
AUSTIN, TEXAS — Northmarq has arranged the sale of Mueller Crossing, a 62-unit multifamily property located at 5020 Manor Road in Austin that was originally built in 1969 and recently renovated. Amenities at Mueller Crossing include a pool, outdoor grilling and dining areas and a dog park. Justin Chambers and Scott LaMontagne of Northmarq represented the seller and procured the locally based buyer in the transaction. Both parties were private investment groups that requested anonymity.
HOUSTON — Los Angeles-based design agency Commonwealth Projects has signed a 20,755-square-foot office lease expansion at One Riverway in Houston. The tenant now occupies a full floor at the 481,222-square-foot building, which is located on the city’s west side. Brad Fricks, Matt Asvestas and Danielle Rothchild of Stream Realty Partners represented the landlord, Unilev Capital Corp., in the lease negotiations. Noah Kruger of Savills represented the tenant.
