Property Type

Watercrest, Waypoint Deliver 107-Unit Seniors Housing Community Near Charlotte

by Alex Tostado August 17, 2020

INDIAN LAND, S.C. — Watercrest Senior Living Group and equity partner Waypoint Residential have opened Watercrest Fort Mill-Indian Land Assisted Living and Memory Care. The seniors housing community is located in Indian Land, 20 miles south of Charlotte just across the North Carolina-South Carolina border. The property features 75 assisted living units and 32 memory care units. General contractor Shiel Sexton built the community, which is the second senior living development partnership between Watercrest Senior Living Group and Waypoint Residential. The first project, Watercrest Newnan Assisted Living and Memory Care, recently opened in Newnan, Ga.

August 17, 2020

Acquisitions Retail Southeast Virginia

Cushman & Wakefield | Thalhimer Negotiates $2.7M Sale of Retail Property in Suffolk, Virginia

by Alex Tostado August 17, 2020

SUFFOLK, VA. — Cushman & Wakefield | Thalhimer has negotiated the $2.7 million sale of Obici Shops, a 7,600-square-foot retail property in Suffolk. The property is located at 1910 N. Main St., two miles north of downtown Suffolk. The asset was leased to Chartway Federal Credit Union and Jersey Mike’s at the time of sale. Clark Simpson of Cushman & Wakefield | Thalhimer represented the buyer, Battlefield Consolidated Properties LLC, in the transaction. Venture Obici LLC sold the property.

August 17, 2020

Development Industrial Texas

NorthPoint Development to Build 859,000 SF Industrial Project in Metro Austin

by Taylor Williams August 17, 2020

KYLE, TEXAS — Kansas City-based NorthPoint Development will build Plum Creek Industrial Center, an 859,000-square-foot project that will be located on a 74-acre site in Kyle, a southern suburb of Austin. The Class A development will consist of four buildings that will be developed in two phases. Phase I will consist of two buildings totaling 440,000 square feet. Colliers International will handle leasing of the project, which will be NorthPoint’s first in the Austin area.

August 17, 2020

Development Industrial Office Texas

Fisher59 Opens 205,000 SF Corporate Headquarters, Distribution Center in Denton

by Taylor Williams August 17, 2020

DENTON, TEXAS — Fisher59, a distributor of alcoholic beverages, has opened a 205,000-square-foot corporate headquarters and distribution center in the North Texas city of Denton. The building features a two-story, 21,500-square-foot office space with concrete floors, an exposed structure and digital-printed, beer-themed accent walls. St. Louis-based HDA Architects designed the project, construction of which began in late 2018.

August 17, 2020

Acquisitions Healthcare Texas

Newmark Knight Frank Brokers Sale of 99,768 SF Medical Office Building in Metro Houston

by Taylor Williams August 17, 2020

BELLAIRE, TEXAS — Newmark Knight Frank (NKF) has brokered the sale of a 99,768-square-foot medical office building located at 5420 West Loop S. in the Houston suburb of Bellaire. Chad Lavender and Ryan Maconachy of NKF represented the seller, EPC Sparti LLC, in the transaction. The buyer was Bellaire 5420 APL MP LLC.

August 17, 2020

Loans Multifamily Texas

Colliers Originates Loan for Refinancing of 38-Unit Multifamily Property in Sherman, Texas

by Taylor Williams August 17, 2020

SHERMAN, TEXAS — Colliers Mortgage has originated a Fannie Mae loan of an undisclosed amount for the refinancing of Heritage Row Townhomes, a 38-unit multifamily property located in the North Texas city of Sherman. The property was built in 2017 and consists of 19 two-story buildings. Colliers placed the 12-year loan through a partnership with Old Capital Lending on behalf of the borrower, M.L. Hampton Properties LLC.

August 17, 2020

Industrial Leasing Activity Texas

Holt Lunsford Negotiates 19,402 SF Industrial Lease in Dallas

by Taylor Williams August 17, 2020

DALLAS — Holt Lunsford Commercial has negotiated a 19,402-square-foot industrial lease at 5440-5450 Redbird Drive in Dallas. According to LoopNet Inc., the property was built in 1987 and totals 36,102 square feet. Andrew Gilbert, John Gorman and Canon Shoults of Holt Lunsford represented the landlord, Sealy Capital Management, in the lease negotiations. Thomas Clark of Thomas Clark Investments represented the tenant, medical equipment manufacturer DLK Medical Technologies.

August 17, 2020

Company News New York Northeast Retail

Rent the Runway to Close All Stores, Focus on Digital Platform, Say Media Reports

by Taylor Williams August 17, 2020

NEW YORK CITY — Rent the Runway, a New York City-based online service that provides rentals of designer clothes and accessories, will close its stores around the country in order to focus on building its digital platform, according to reports from CNBC and The Wall Street Journal. The New York City-based company will close its stores in Los Angeles, Chicago, San Francisco and Washington, D.C., while its flagship store in New York City will be converted into a permanent drop-off site for product distribution. CNBC reports that the company intends to grow its network of drop-off locations, and has partnered with apparel retailers Nordstrom and West Elm as part of that initiative.

August 17, 2020

Acquisitions Northeast Pennsylvania Retail

Marcus & Millichap Arranges $11.5M Sale of Retail Center in Temple, Pennsylvania

by Taylor Williams August 17, 2020

TEMPLE, PA. — Marcus & Millichap has arranged the $11.5 million sale of a 21,850-square-foot retail center in the eastern Pennsylvania city of Temple. The newly built property is situated on 3.2 acres and houses tenants such as Chick-fil-A, Panera Bread, Mod Pizza and Visions Credit Union. Derrick Dougherty and Mark Krantz of Marcus & Millichap represented the seller, a limited liability company, and procured the buyer, a 1031 exchange investor.

August 17, 2020

Development Massachusetts Multifamily Northeast

Civico Development Completes 60-Unit Residential Community in Metro Boston

by Taylor Williams August 17, 2020

LINCOLN, MASS. — Civico Development has completed Oriole Landing, a 60-unit residential community in the western Boston suburb of Lincoln. Fifteen of the units are reserved for renters earning 80 percent or less of the area median income. The project involved the restoration of a historic farmhouse that serves as an amenity building for the complex. Bald Hill Builders served as the general contractor for the project. Madison Management is handling leasing.

August 17, 2020

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