MACHESNEY PARK, ILL. — Marcus & Millichap has brokered the $6.4 million sale of Willow Creek II and IV in Machesney Park, a suburb of Rockford. The two retail buildings, totaling 23,202 square feet, are separate but located within the same development. Tenants include Buffalo Wild Wings, Verizon, Anytime Fitness, FedEx, Jersey Mikes and Pizza Hut. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the buyer, a Chicagoland private family. Prodigy Real Estate Group represented the seller, a Rockford-based developer.
OVERLAND PARK, KAN. — A 51,299-square-foot data center occupied by Verizon in Overland Park has sold for $5.8 million. Chris Orr of Romans Properties represented the buyer, a private institutional investor. Seller information was undisclosed. Charlotte, N.C.-based Romans specializes in the sale and leasing of data centers nationwide.
CHICAGO — Healthcare Information and Management Systems Society (HIMSS) has signed a 30,000-square-foot office lease in Chicago. The tenant is moving into sublease space at River Point North, which is located at 350 N. Orleans St. HIMSS is a member-based association offering expertise in health innovation, public policy, workforce development, research and analytics to advise global leaders, stakeholders and influencers on best practices in health information and technology. The association is moving from 33 W. Monroe in Chicago. The new space offers a flexible layout and a rental rate far below the building’s asking rent, according to Avison Young. Chad Bermingham of Avison Young represented HIMSS in the lease transaction. Gartner Research listed the office space for sublease. Christine Bower and Matt Carolan of JLL represented Gartner, which will continue to occupy 44,450 square feet at the building.
CHICAGO — Kiser Group has arranged the sale of a 46-unit apartment building in Chicago’s South Humboldt Park neighborhood for $3.7 million. Located at 3432-40 W. Franklin Blvd., the property was built in 1927 and fully renovated in the mid-2000s. Monthly rents range from $624 to $1,375. Jack Petrando, Danny Logarakis and Rick Ofman of Kiser represented the buyer, RMRE Holdings LLC, and the undisclosed seller. The buyer plans to complete cosmetic upgrades to some of the units.
FORNEY, TEXAS — Dallas-based developer Hunt Southwest will build Gateway East Trade Center, a 712,900-square-foot speculative industrial project in Forney, an eastern suburb of Dallas. The 45-acre site is located at the intersection of Gateway Boulevard and U.S. Highway 80 within Gateway East Industrial Park, a master-planned development. Building features will include 40-foot clear heights, an ESFR sprinkler system and abundant trailer parking. Construction is scheduled to begin in April and to be complete in the first quarter of 2022. Cushman & Wakefield is leasing the project.
IRVING, TEXAS — Berkadia has provided a $28.4 million Freddie Mac acquisition loan for Residences at Northgate, a 320-unit apartment community in Irving. The property was built in 1983, and its units offer washers and dryers and private balconies/patios. Amenities include a fitness center, dog park and picnic areas. Mitch Sinberg and Brad Williamson of Berkadia originated the floating-rate financing on behalf of the borrower, Miami-based Eagle Property Capital. The new ownership will implement a value-add program. The seller was C-III Capital Partners.
FRIENDSWOOD, TEXAS — Locally based developer D’Agostino Cos. has broken ground on The Reserve at Baybrook, a 291-unit multifamily project in Friendswood, located south of Houston. The community will feature one-, two- and three-bedroom units that average 921 square feet and are furnished with stone countertops, tile backsplashes, stainless steel appliances and individual washers and dryers. Amenities will include a pool, outdoor entertainment area, clubhouse, fitness center and a golf simulator room. Chris Bergmann Jr. of JLL represented D’Agostino Cos. in its acquisition of the land from Finwood Properties last summer. Austin-based Oden Hughes is the general contractor for the project. Completion is slated for May 2022.
SAN ANTONIO — California-based AHV Communities has begun work on Farm Haus, a 142-unit duplex rental community in northwest San Antonio. Residences will feature two-, three- and four-bedroom layouts with quartz countertops, stainless steel appliances, two-car garages and private fenced yards. Amenities will include a pool, fitness center, communal kitchen, conference room, great room, bocce court and a dog park. Construction will be carried out in five phases, with preleasing set to begin in April and full completion slated for the second quarter of 2022. Monthly rates will range from approximately $1,775 to $2,200.
GRAND PRAIRIE, TEXAS — Phoenix-based grocer Sprouts Farmers Market will open a 25,000-square-foot store in Grand Prairie, located roughly midway between Dallas and Fort Worth, in the second half of the year. The opening is part of a larger rollout of 20 stores nationwide that feature the grocer’s new format, which is slightly smaller than its prototype. Sprouts currently operates 362 stores across 23 states and is also planning to open a new store in Irving.
LEWISBERRY, PA. — Pet products supplier Chewy Inc. (NYSE: CHWY) has signed a lease to open a 732,000-square-foot distribution center at Goodman Logistics Center Newberry in Lewisberry, located just south of Harrisburg. The opening of the company’s new fulfillment center, which will be its fourth in Pennsylvania, is expected to bring about 400 new jobs to the region. Bart Anderson of CBRE represented the landlord, Goodman Group, in the lease negotiations. A tentative opening date was not released.