AUSTIN, TEXAS — Dallas-based investment firm Mohr Capital has acquired DoubleTree by Hilton Austin, a 350-room hotel located at 6505 N. Interstate 35 in the central part of the state capital. The six-story hotel includes 25,000 square feet of meeting and event space. Mohr Capital plans to invest about $11 million in capital improvements to guestrooms, elevators and common areas. John Bourret and Austin Brooks of Hodges Ward Elliott represented the undisclosed seller in the transaction.
MESQUITE, TEXAS — Marcus & Millichap has brokered the sale of Starpoint Self Storage & Business Park, a 327-unit facility located in the eastern Dallas suburb of Mesquite. The property spans 70,590 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller, a privately held investment partnership, in the transaction. Karr also procured the buyer, a publicly traded REIT. Both parties involved in the deal requested anonymity.
CHICAGO — EQ Office, the U.S. office portfolio company wholly owned by Blackstone, has completed its more than $500 million renovation of Chicago’s Willis Tower. The 110-story tower is now certified LEED Platinum and is the largest building in the U.S. to achieve that designation, according to EQ Office. Part of the transformation is Catalog, a 300,000-square-foot retail, dining and entertainment destination at the base of the tower. The name Catalog is a nod to the Sears Roebuck Co. and its printed catalog. Designed by Gensler, Catalog features restaurants such as Tortazo by Rick Bayless, Shake Shack, Joe & the Juice, Foxtrot, Starbucks, Brown Bag Seafood Co., Do-Rite Donuts & Chicken, Sushi-San and Sweetgreen. Kindling, a two-story restaurant concept from Chicago’s 50/50 Group, as well as Urbanspace, a food hall, are both slated to open in late summer or early fall. A 30,000-square-foot outdoor terrace sits atop Catalog. The Skydeck observatory at Willis Tower also underwent a renovation through partnerships with exhibit design firms Thinc and SOM. An interactive “best of Chicago” museum-like exhibit celebrates the personality, history and neighborhoods of Chicago. Gensler designed the building’s new exterior façade at the base. SKB Architecture and Design handled the design of …
DALLAS — Greysteel has arranged the sale of Del Sol on Royal Lane, a 172-unit multifamily property in northwest Dallas. Built in 1966, the property offers one-, two- and three-bedroom units with an average size of 807 square feet. Doug Banerjee, Jack Stone and Andrew Mueller of Greysteel represented the seller, Lion Real Estate Group. The buyer and sales price were not disclosed.
KOKOMO, IND. — Stellantis N.V. and Samsung SDI have formed a joint venture with plans to invest more than $2.5 billion to build an electric vehicle battery manufacturing plant in Kokomo, about 50 miles north of Indianapolis. The facility is expected to become operational in 2025 with an initial annual production capacity of 23 gigawatt hours. The total capacity is expected to increase further as demand for Stellantis electric vehicles is expected to rise, according to a news release. The joint venture says the project will create 1,400 new jobs in Kokomo and surrounding areas. Construction is expected to begin later this year.
HOUSTON — JD Fields & Co., a locally based supplier of steel products, has signed a 133,25-square-foot lease at Greens Port Industrial Park, a 735-acre development located near Port Houston. The multimodal park encompasses more than 3 million square feet of warehouse space and four railyards. Steve Pastor of NAI James E. Hanson and Gray Gilbert, Chris Haro and Jack Gilbert of NAI Partners represented the landlord, Kansas-based Watco, in the lease negotiations. The representative of the tenant was not disclosed.
WEST JEFFERSON, OHIO — Stonemont Financial Group and The Pizzuti Cos. are co-developing a 1.1 million-square-foot speculative industrial project in West Jefferson, about 18 miles west of Columbus. Stonemont will acquire the facility upon completion, which is scheduled for the end of this summer. Named West Jeff One, the Class A project sits directly off I-70. The development features 209 car parking spaces, 110 trailer parking spaces and a clear height of up to 40 feet. The project marks Atlanta-based Stonemont’s first in the Columbus area.
AURORA, ILL. — BH Management Services has acquired Legacy at Fox Valley in Aurora for an undisclosed price. The 272-unit apartment community was built in 1998. The property recently underwent renovations to the amenities, major building systems and more than half of the unit interiors. Amenities include a clubhouse, event kitchen, outdoor heated pool, dog park and volleyball court. John Jaeger and Justin Puppi of CBRE represented the seller, White Oak Partners.
HOUSTON — Fort Worth-based investment firm Silver Creek Realty Advisors has acquired a 110,452-square-foot office building located at 1717 St. James Place in Houston’s Galleria district. The six-story building is situated on a 2.3-acre site within St. James Place, a deed-restricted business park, and was 70.5 percent leased at the time of sale. Marty Hogan and Kevin McConn of JLL represented the seller, Florida-based Accesso Partners, in the transaction. The sales price was not disclosed.
EVANSTON, ILL. — Kiser Group has arranged the sales of two multifamily properties in Evanston for $9.1 million. In the first transaction, a 12-unit building at 1901 Sherman Ave. sold for $5.1 million. The property is situated in close proximity to Northwestern University and has historically been fully occupied. The second building comprises 15 units at 1326 Chicago Ave. and sold for $4 million. Twelve of the units have been renovated. Kiser Group’s Danny Mantis, Matt Halper and Lee Kiser brokered the transactions. Buyer and seller information was not provided.
