Property Type

Auerbach Funds, Dunross Capital Purchase 220-Unit Townhome Community in Southwest Atlanta’s College Park

by Alex Tostado October 30, 2020

COLLEGE PARK, GA. — A partnership between Auerbach Funds and Dunross Capital has purchased The Life at Avery Park, a 220-unit townhome community in College Park. The property offers two- and three-bedroom floor plans. Communal amenities include a pool, grilling area and a playground. The buyers plan to implement an upgrade plan at the community, which will include renovating the unit interiors and communal space. The Life at Avery Park was originally built in 1970 and most recently renovated in 2001. The asset is situated at 2609 Charlestown Drive, 11 miles southwest of downtown Atlanta. The seller and sales price were not disclosed.

October 30, 2020

Development Multifamily Seniors Housing South Carolina Southeast

Frampton Construction Delivers 101-Unit Seniors Housing Community in Greenville

by Alex Tostado October 30, 2020

GREENVILLE, S.C. — Frampton Construction Co. has completed work on The Blake at Hollingsworth Park, a 101-unit seniors housing community in Greenville. Cardinal Ventures is the developer of the community. The property features 68 assisted living and 33 memory care suites. The 86,000-square-foot assisted living and memory care facility is in the Hollingsworth Park area of Verdae, a master-planned community. Young, Wier + Boerner Architecture completed the design for the building, and Hoyt + Berenyi was civil engineer for the project. This is Frampton’s fifth Blake-branded assisted living project.

October 30, 2020

Development Loans Multifamily Texas

JPI Receives Construction Financing for 424-Unit Jefferson at The Grove Apartments in Frisco

by Taylor Williams October 30, 2020

FRISCO, TEXAS — JPI has received construction financing for Jefferson at The Grove, a 424-unit apartment community in Frisco. Jefferson at The Grove is part of a larger residential and commercial master plan in Frisco that will consist of more than 17 acres of open space, five planned parks and more than four miles of trails. Units will feature 10-foot ceilings, glass-enclosed showers and large bathtubs, walk-in closets, private yards and balconies, granite countertops, hardwood-style flooring, designer cabinetry, stainless steel appliances and full-sized washers and dryers in all units. Amenities will include a pool with cabanas, fitness center with a spin studio, private courtyards and a dog park. The opening is scheduled for spring 2022.

October 30, 2020

Acquisitions Multifamily Texas

Three Pillars Capital Acquires Houston Multifamily Portfolio for $100M

by Taylor Williams October 30, 2020

HOUSTON —Three Pillars Capital, a locally based private equity firm that specializes in value-add multifamily investments, has acquired a portfolio of three apartment properties totaling approximately 700 units in Houston. The properties offer proximity to the Texas Medical Center, Rice Village Plaza and NRG Stadium. The names of the properties and seller were not disclosed.

October 30, 2020

Acquisitions Multifamily Texas

The Multifamily Group Arranges Sale of 162-Unit Live Oak Apartments in Houston

by Taylor Williams October 30, 2020

HOUSTON — The Multifamily Group (TMG), a Dallas-based brokerage firm, has arranged the sale of Live Oak Apartments, a 162-unit community in Houston’s Energy Corridor. Built in 1977 and renovated in 2018, the property features one- and two-bedroom units and amenities such as a pool, playground, pet play area and onsite laundry facilities. Bryce Smith of TMG represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

October 30, 2020

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 55,867 SF Retail Property in North Dallas

by Taylor Williams October 30, 2020

DALLAS — Marcus & Millichap has brokered the sale of Skillman Centre, a 55,867-square-foot retail property in North Dallas. According to LoopNet Inc., the property was built in 1982. Joe Santelli of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. Skillman Centre was 66 percent leased at the time of sale.

October 30, 2020

Leasing Activity Office Texas

Everi Games Signs 51,000 SF Office Lease Renewal in West Austin

by Taylor Williams October 30, 2020

AUSTIN, TEXAS — Everi Games Holding Inc., a provider of content and electronic gaming units and systems for Native American and commercial casinos, has signed a 51,000-square-foot office lease renewal at 206 Wild Basin Road in west Austin. The building is situated on 2.6 acres and spans 118,217 square feet. Kevin Granger and Matt Frizzell of Cushman & Wakefield represented the landlord, Massachusetts-based RMR Group, in the lease negotiations. Diana Holford and Austin Trees of JLL represented the tenant.

October 30, 2020

Development Midwest Minnesota Multifamily

Opus Completes 218-Unit Apartment Building in Minneapolis

by Kristin Harlow October 30, 2020

MINNEAPOLIS — The Opus Group has completed construction of Vesi, a 218-unit apartment building in the North Loop neighborhood of Minneapolis. The six-story property features a mix of studio, one-bedroom, two-bedroom and penthouse units. Amenities include a rooftop terrace, pool and spa, fitness room, library, dog wash and golf simulator. Opus served as developer, design-builder, architect and engineer. ESG Architects was the design architect and interior designer. Vesi is the fifth residential project for Opus in downtown Minneapolis since 2014. Monthly rents start at $1,610. Residents can now receive $500 off their first month of rent.

October 30, 2020

Development Industrial Midwest Nebraska

Amazon Unveils Plans for First Fulfillment Center in Nebraska

by Kristin Harlow October 30, 2020

PAPILLION, NEB. — Amazon.com Inc. has unveiled plans to open its first fulfillment center in the state of Nebraska in Papillion. Development is scheduled to begin next year on the 700,000-square-foot project, which is expected to create 1,000 full-time jobs. Employees will work alongside Amazon robotics to pick, pack and ship small items such as books, electronics and toys. When fully operational, the facility will add nearly $204 million to the local economy annually, according to David Brown, president and CEO of the Greater Omaha Chamber. Since 2019, Amazon has invested more than $96 million in Nebraska.

October 30, 2020

Acquisitions Industrial Midwest Ohio

JLL Arranges Sale of 434,000 SF Distribution Center in Suburban Cleveland

by Kristin Harlow October 30, 2020

GLENWILLOW, OHIO — JLL has arranged the sale of Victory Commerce Center in Glenwillow, a suburb of Cleveland. The sales price was undisclosed. Developed in 2019, the 434,000-square-foot distribution and fulfillment center features a clear height of 32 feet, 30 dock-high doors, nine drive-in doors and LED lighting. It is situated on 40 acres within the larger Diamond Business Center. John Huguenard and Sean Devaney of JLL represented the seller, Illinois-based Westminster Capital. Matthew Schoenfeldt, Michael Gigliotti, Mike Tepedino and Brian Walsh of JLL secured acquisition financing on behalf of the buyer, Investcorp.

October 30, 2020

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