Property Type

KDC Tops Out JPMorgan Chase’s 540,000 SF Office Expansion Project at Legacy West in Plano

by Taylor Williams April 29, 2020

PLANO, TEXAS — Local developer KDC has topped out Phase II of an office expansion project for JPMorgan Chase at the Legacy West mixed-use development in Plano. The investment banking giant opted to take an additional 540,000 square feet in a build-to-suit project following the completion of its initial 1 million-square-foot campus at Legacy West in 2017. With the inclusion of the new 12-story tower, which is expected to be complete in May 2021, JPMorgan Chase will be able to grow its workforce by an additional 4,000 employees. Campus amenities include training and conference space, a food court, dining area and coffee shop, health and wellness center, childcare center and a bank branch. HKS served as the project architect for Phase II, and Balfour Beatty is the general contractor.

April 29, 2020

Acquisitions Multifamily Texas

JLL Negotiates Sale of 188-Unit Loop Apartments in Conroe, Texas

by Taylor Williams April 29, 2020

CONROE, TEXAS — JLL has negotiated the sale of The Loop Apartments, a 188-unit multifamily community in Conroe, about 40 miles north of Houston. Built in 2017, the property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, outdoor entertainment area and a dog park. Greg Austin, Chip Nash, Bob Heard, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney of JLL represented the seller, Apartment Advisors Inc., in the transaction. Tim Leonhard, Mary Davis and Eric Hightower of JLL arranged Fannie Mae acquisition financing for the undisclosed buyer.

April 29, 2020

Acquisitions Multifamily Texas

BoaVida Group Acquires Mobile Home Park in Northeast San Antonio for $11.2M

by Taylor Williams April 29, 2020

SAN ANTONIO — The BoaVida Group, a California-based owner-operator of mobile home and RV parks, has acquired Lamplighter Mobile Home Park, a 232-site property in San Antonio. The sales price was $11.2 million. The property is located on the city’s northeastern side and features a pool, office and resident clubhouse. The seller was not disclosed.

April 29, 2020

Industrial Leasing Activity Texas

HBL Towing Signs 121,105 SF Industrial Lease Renewal in Dallas

by Taylor Williams April 29, 2020

DALLAS — Locally based firm HBL Towing & Recovery has signed a 121,105-square-foot industrial lease renewal at 5200 E. Grand Ave. in Dallas. Canon Shoults and Josh Barnes represented the landlord, Holt Lunsford Commercial Investments, on an internal basis. The representative of the tenant was not disclosed.

April 29, 2020

Features Student Housing

Student Housing CEOs Expect Lower International Enrollment, Changes to On-Campus Living for Fall Semester

by Jeff Shaw April 29, 2020

With summer break fast approaching, many universities are beginning to turn their attention to the upcoming academic year. The question lingering on the minds of many is: What will fall semester look like during a pandemic? Will international students return? Will enrollment numbers fall? And will campuses even host in-person classes? The answer to each of these questions begets an impact on student housing, both on and off campus. On Friday, April 17, Student Housing Business (SHB) released a complimentary webinar sponsored by Pavlov Media, during which four CEOs from some of the top companies in the student housing sector provided their perspective on the impact of COVID-19 on the industry. Rich Kelley, publisher of SHB, led the discussion with speakers including Wes Rogers, president and CEO of Landmark Properties; Rob Bronstein, president and founder of The Scion Group; Peter Stelian, CEO of Blue Vista Companies; and Christopher Merrill, co-founder and CEO of Harrison Street. Click here to listen to the full webinar: The CEO Perspective: COVID-19 and the Impact on Student Housing What will fall semester look like? Over the past week, a number of universities announced their plans for the fall semester. These announcements are expected to grow steadily in …

April 29, 2020

Acquisitions Hospitality Indiana Midwest

Thompson Thrift Retail Group Sells Hotel Pad Within $60M Mixed-Use Development Near Indianapolis

by Kristin Harlow April 29, 2020

FISHERS, IND. — Thompson Thrift Retail Group (TTRG) has sold the hotel pad site at The Stations, a $60 million mixed-use development in the Indianapolis suburb of Fishers. The buyer, Indiana-based Dunn Hospitality, plans to open a $20 million, 145-room Courtyard by Marriott hotel in late 2021. The Courtyard hotel will include meeting space, fitness facilities, an indoor pool and bistro bar. Later this year, TTRG plans to break ground on a Class A, four-story office building within The Stations. The company is also completing initial site work on the back portion of the project for Pulte Homes to begin development of 37 three-story, for-sale townhomes. The Stations is adjacent to Fishers District, a TTRG project with more than 100,000 square feet of retail and dining space, 260 multifamily units and a dual-branded Hyatt Place and Hyatt House hotel.

April 29, 2020

Development Illinois Midwest Office

Skender Completes Interior Construction of Mondelez International Headquarters in Chicago’s Fulton Market

by Kristin Harlow April 29, 2020

CHICAGO — Skender has completed interior construction of the 90,000-square-foot headquarters for Mondelez International in Chicago’s Fulton Market district. Mondelez, a global snacking company, is the anchor tenant at the new five-story building, which is located at 905 W. Fulton St. The office space features a café, two connecting stairwells, outdoor roof gardens, open workstations, private offices and conference rooms. Skender collaborated with design firms HPA and SCB as well as engineering consultant IMEG Corp.

April 29, 2020

Acquisitions Midwest Retail Wisconsin

JLL Brokers Sale of Two-Building Retail Property in Downtown Milwaukee

by Kristin Harlow April 29, 2020

MILWAUKEE — JLL Capital Markets has brokered the sale of the Downer Avenue Retail Collection, two buildings that house 60,986 square feet of retail, office and residences in the heart of downtown Milwaukee. The sales price was undisclosed. Built in 1916, Downer East is home to Stone Creek Coffee, F45, Breadsmith, Downer Cleaners, Café Hollander, Downer Wine & Spirits and Robert Laurence Salon & Spa. Completed in 1912, Downer West features two multifamily units in addition to retail and office space occupied by Landmark Theatres, Pizza Man, Henry’s, Salon Nova, Optix on Denver, Boswell Book Co. and Starbucks. Both buildings were renovated in 2006. Amy Sands, Clinton Mitchell and Janice Sellis of JLL represented the seller, C-III Asset Management. Bridge33 Capital was the buyer.

April 29, 2020

Acquisitions Illinois Industrial Midwest

Cawley Chicago Arranges $4M Sale of 30,000 SF Warehouse in Chicago

by Kristin Harlow April 29, 2020

CHICAGO — Cawley Chicago has arranged the sale of a 30,000-square-foot, rail-served warehouse in Chicago for $4 million. The facility is located on 10.5 acres at 3710 S. California Ave. Matt Garland, Frank Melchert and Stevan Arandjelovic of Cawley represented the seller, Romar Transportation. A private investor purchased the asset.

April 29, 2020

Acquisitions Healthcare Midwest Missouri

Marcus & Millichap Negotiates $1.1M Sale of Urgent Care Facility in Maryland Heights, Missouri

by Kristin Harlow April 29, 2020

MARYLAND HEIGHTS, MO. — Marcus & Millichap has negotiated the $1.1 million sale of an urgent care facility net leased to Our Urgent Care in Maryland Heights, a northwest suburb of St. Louis. The 3,488-square-foot property is located at 2070 McKelvey Road. Benjamin Bach and Dominic Sulo of Marcus & Millichap’s Oak Brook office in suburban Chicago marketed the building on behalf of the seller, a limited liability company. Bradley Barham assisted in closing the transaction as the broker of record in Missouri.

April 29, 2020

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