Property Type

Cawley Partners to Develop 600,000 SF Office Project in Frisco

by Taylor Williams March 24, 2021

FRISCO, TEXAS — Dallas-based Cawley Partners will develop Tate + Toll, a 600,000-square-foot office project that will be located just off the Dallas North Tollway at Warren Parkway in Frisco. Designed by BOKA Powell, the development will consist of two 12-story buildings and will offer amenities including a fitness center, conference center, rooftop lounge and food service. Cawley Partners is currently searching for a tenant with a requirement of at least 100,000 square feet to anchor the property and guide design of the project. Once a tenant is secured, the developer expects to spend about seven months in the design phase and to have an 18-month construction period.

March 24, 2021

Acquisitions Multifamily Texas

Worldwide Commercial Brokers Sale of 552-Unit Waterford Grove Apartments in Houston

by Taylor Williams March 24, 2021

HOUSTON — Frisco-based Worldwide Commercial has brokered the sale of Waterford Grove, a 552-unit apartment community in northwest Houston. According to Apartments.com, the property was built in 1973 and offers two-and three-bedroom units. Amenities include a fitness center, leasing office, pool, a dog park and an after-hours childcare program. The names of the New Hampshire-based buyer and locally based seller were not disclosed.

March 24, 2021

Acquisitions Multifamily Texas

Elandis Acquires 260-Unit Waters at Westchase Apartments in Houston

by Taylor Williams March 24, 2021

HOUSTON — Miami-based investment firm Elandis has acquired Waters at Westchase, a 260-unit apartment community in Houston. Built in 1979, the property features one- and two-bedroom units. Elandis acquired the property in a joint venture with London-based M&G Investments and multinational conglomerate Libra Group. The new ownership will implement a value-add program focused on the unit interiors, amenity spaces and common areas. The seller was not disclosed.

March 24, 2021

Leasing Activity Office Texas

Apollo Retail Specialists Signs 40,000 SF Office Lease Near DFW International Airport

by Taylor Williams March 24, 2021

DALLAS — Apollo Retail Specialists has signed a 40,000-square-foot office lease at 1100 N. 28th Ave. in Dallas near Dallas-Fort Worth International Airport. David Creiner, Frank Puskarich and Louis Pascuzzi of Newmark represented the tenant in the lease negotiations. CBRE represented the landlord, LIT Finance III LLC. Apollo Retail Specialists is a Florida-based firm that specializes in fixture install, merchandising resets, store remodels and other services for retailers.

March 24, 2021

Leasing Activity NAI Retail Texas

NAI Partners Negotiates 12,946 SF Retail Lease in Metro Austin

by Taylor Williams March 24, 2021

ROUND ROCK, TEXAS — NAI Partners has negotiated a 12,946-square-foot retail lease at The Triangle Center, located at 2000 Mays St. N. in the northern Austin suburb of Round Rock. Joe DeCola of NAI Partners represented the undisclosed landlord in the lease negotiations. The tenant was Genuine Parts Co., a replacement automotive parts retailer headquartered in Atlanta.

March 24, 2021

Development Industrial New Jersey Northeast

Bridge Development Unveils Plans for 1.6 MSF Industrial Project in Phillipsburg, New Jersey

by Taylor Williams March 24, 2021

PHILLIPSBURG, N.J. — Bridge Development Partners has unveiled plans for Bridge Point 78 Phase II, an industrial project that will feature two buildings totaling roughly 1.6 million square feet in Phillipsburg, located near Allentown, Pennsylvania. Phase II will consist of a 1.4 million-square-foot building and a 262,500-square-foot building that will feature clear heights of 36 to 40 feet, cross-dock configurations and ample parking for trucks and cars. Preliminary work on the 100-acre site began in December, and vertical construction is expected to begin this summer and to be fully complete in the first quarter of 2022. Phase I of Bridge Point 78 consisted of 2.2 million square feet across four buildings that is leased to Japanese clothing manufacturer and retailer UNIQLO, lawn care manufacturer ScottsMiracle-Gro and beverage distributor Mark Anthony Brands. Bridge Development sold Phase I to PGIM Real Estate in November 2020.

March 24, 2021

Development Healthcare Life Sciences Massachusetts Northeast Office

Bergmeyer, JC&A Complete 180,000 SF Life Sciences Redevelopment Project in Metro Boston

by Taylor Williams March 24, 2021

WALTHAM, MASS. — Design firm Bergmeyer and construction management firm J. Calnan & Associates (JC&A) have completed a 180,000-square-foot life sciences redevelopment project in the western Boston suburb of Waltham. The property, which features traditional office and lab space, will serve as the new headquarters for robotics firm Boston Dynamics. Amenities include kitchens and a fitness center, as well as mothers’ and quiet rooms.

March 24, 2021

1130-Commerce-Blvd.-Conshohocken-Pennsylvania

Industrial Leasing Activity Northeast Pennsylvania

Green Chef Signs 170,160 SF Industrial Lease Renewal, Expansion Near Philadelphia

by Taylor Williams March 24, 2021

CONSHOHOCKEN, PA. — Green Chef, a meal kit provider that was acquired by HelloFresh in 2018, has signed a 170,160-square-foot industrial lease renewal and expansion in Conshohocken, a northern suburb of Philadelphia. The company’s expanded space is located at 1130 Commerce Blvd., a 386,026-square-foot, cross-dock distribution center that is owned by Indianapolis-based Duke Realty. Dennis Someck and Justin Myers of Lee & Associates represented Green Chef in the lease negotiations. Scott Henderson represented Duke Realty on an internal basis.

March 24, 2021

Acquisitions Georgia Multifamily Seniors Housing Southeast

Walker & Dunlop Brokers $164.5M Sale of Seniors Housing Portfolio in Atlanta

by Julia Sanders March 24, 2021

ATLANTA — Walker & Dunlop has brokered the $164.5 million sale of The Mansions Portfolio, a portfolio of four Class A independent living properties in Atlanta. Focus Senior Housing Fund I LP, a discretionary investment vehicle that is managed by an affiliate of Focus Healthcare Partners LLC, bought the portfolio. Joshua Jandris, Mark Myers, Jordyn Berger and Brett Gardner of Walker & Dunlop represented the buyer in the transaction. Additionally, Russell Dey of Walker & Dunlop arranged three acquisitions loans through Freddie Mac. The seller(s) was not disclosed. The Mansions Portfolio includes 559 independent living units across four unnamed properties located within 30 miles of one another. Some communities include restaurant-style dining rooms, fitness centers, landscaped grounds and in-unit washers and dryers. The communities are fairly new as they were constructed between 2016 and 2020. Focus Healthcare Partners is a real estate investment and asset management firm headquartered in Chicago.

March 24, 2021

Development Illinois Midwest Office

Skender Completes Interior Construction of 536,000 SF Bank of America Flagship Office in Chicago

by Kristin Harlow March 24, 2021

CHICAGO — Skender has completed the interior construction of the new 536,000-square-foot office for Bank of America in downtown Chicago. Known as Bank of America Tower, the building rises 56 stories and is located at 110 N. Wacker St. Bank of America’s space encompasses 17 floors, or approximately one-third of the building. It includes private offices, open workstation areas, conference rooms, cafés and two outdoor terraces. A staircase connects a two-floor conference center and executive suite. Skender collaborated with JLL, Interior Architects and Syska Hennessy Group on the project.

March 24, 2021

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