LAKELAND, FLA. — Summit Consulting LLC will develop its planned 135,000-square-foot office headquarters in downtown Lakeland. The company closed on the land sale at 117 Massachusetts Ave. on Tuesday, March 3 and plans to begin construction later this month. Summit expects to deliver the new building in fall 2021. The property backs up to the shore of Lake Mirror. Summit, which was founded in Lakeland in the late 1970s, has approximately 750 employees, nearly 500 of whom will be located in the new facility. The company specializes in providing workers’ compensation insurance coverage in the Southeast.
TAMPA, FLA. — Atlanta-based Carter has sold Nine15 Apartments, a 23-story, 362-unit community in downtown Tampa. The property offers studio, one- and two-bedroom floor plans. Communal amenities include a 3,500-square-foot fitness center, sky lounge, pool, business center, clubhouse, car charging stations and 9,000 square feet of street-level retail space. Nine15 is situated on one acre within the Arts and Entertainment District, two blocks from the Tampa Riverwalk. Carter delivered the community in 2017. Walker & Dunlop represented the seller in the transaction. Charleston-based Blaze Partners LLC acquired the asset for an undisclosed price.
PLANO, TEXAS — Cawley Partners and Rosewood Property Co. will develop a 1 million-square-foot office project at Heritage Creekside, a 156-acre mixed-use development in Plano. The four-building project will be developed in phases and will include a central courtyard and an amenity hub. Phase I will feature a six-story, 250,000-square-foot building with a fitness center, conference center and a rooftop deck. The development team hopes to begin construction by the first quarter of 2021.
FORT WORTH, TEXAS — Locally based general contractor KWA Construction has topped out The Cooper, a 390-unit apartment project located in Fort Worth’s Medical District. Designed by architecture firm GFF and developed by Dallas-based Lang Partners, The Cooper will feature studio, one-, two- and three-bedroom units, as well as townhomes. Amenities will include a pool, fitness center with a yoga studio, outdoor grilling area, media center, clubhouse, business center and a coffee bar. Completion is slated for this fall.
NEW BRAUNFELS, TEXAS — Houston-based development and management firm Allied Orion Group has begun leasing Riverhaus Creekside, a 281-unit apartment community in the San Antonio suburb of New Braunfels. Floor plans feature one-, two- and three-bedroom units ranging in size from 722 to 1,440 square feet. Riverhaus Creekside offers amenities such as a pool, fitness center, dog park and a resident clubhouse with a cyber lounge. Move-ins are expected to begin later this month.
CARROLLTON, TEXAS — JK & JY Development LLC has broken ground on The View Condominiums, a 268-unit residential project in the northern Dallas suburb of Carrollton that will also include 31,000 square feet of retail and restaurant space. Designed by locally based firm Humphreys & Partners Architects, the property will offer amenities such as a pool, social lounge, fitness center, game room, business center and a fully equipped kitchen and bar. Construction is expected to be complete by early 2022.
AUSTIN, TEXAS — PCCP LLC has provided a $46 million acquisition loan for Indie and Candela, two adjacent apartment communities totaling 258 units in Austin. Indie was completed in mid-2018, totals 139 units and includes ground-floor retail space. Candela was completed in mid-2019 and features 119 units and various amenities on the ground floor. The seller was Transwestern Development Co. The borrower was not disclosed.
CHICAGO — Lendlease Development, along with co-developer The John Buck Co. and partner Intercontinental Real Estate Corp., have begun pre-leasing at Porte, a two-tower apartment development in Chicago’s West Loop. Designed by G|R|E|C Architects, the community is scheduled to welcome its first residents in late spring. Porte offers studio, one-, two- and three-bedroom units ranging in size from 546 to 1,591 square feet. Monthly rents start at $2,170. Two-bedroom townhomes measure 1,469 to 2,036 square feet with monthly rents starting at $7,240. Each tower will have its own ground-floor lobby and amenity suite, including a fitness center, entertainment lounge, game room, communal kitchen, coworking space and dog run. The towers will be connected by a two-story podium topped with a pool deck. The word “porte” means door in French. “Porte is designed to serve as a door to all the West Loop has to offer,” says John Buck.
LIBERTYVILLE, ILL. — Medline has unveiled plans to open a 140,000-square-foot sales support center in Libertyville, a northern suburb of Chicago. The company will consolidate nearly a dozen teams totaling 600 employees at the center, which will be the seventh Medline facility in Lake County. Most of the employees will be relocating from the company’s Northfield headquarters or its Mundelein business campus. Both locations have reached capacity. In the last three years, Medline has increased its Chicago-area jobs by 34 percent. Medline provides clinical and supply chain resources to healthcare systems and independent facilities across the continuum of care.
MILWAUKEE — Newmark Knight Frank (NKF) has negotiated the $15 million sale of a four-property retail portfolio in metro Milwaukee. The portfolio totals 97,259 square feet. The properties include Harvard Square and Northfield Shopping Center in Brookfield, Lincoln Plaza in West Allis and Mitchell Bank Plaza in New Berlin. Kevin Schnoldt and Brian Vanevenhoven of NKF represented the sellers, which comprised various entities associated with William Reilly and Leon Joseph. Baceline Investments purchased the assets.