Sunday, June 15, 2025
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DevelopmentLeasing ActivityMixed-UseRetailSoutheastTennessee

Crunch Fitness Opens at Hamilton Place Mall in Chattanooga

by John Nelson

CHATTANOOGA, TENN. — Crunch Fitness has opened a new location at Hamilton Place, a shopping mall and mixed-use campus in Chattanooga. The property is owned by locally based and publicly traded CBL Properties. The new fitness venue is one of the final components of the mall’s Sears redevelopment project, which commenced in 2019. Other tenants that have backfilled the former Sears department store include The Cheesecake Factory, Mean Mug Coffeehouse, Malone’s, Dave & Buster’s, Dick’s Sporting Goods and an Aloft by Marriott hotel. Since March, CBL Properties has welcomed eight new concepts at Hamilton Place, including Taco Mamacita, Texas Roadhouse, Mr. Cow, Malone’s, Miniso, Vintage Stock, Dry Goods, Shoe Station, as well as a newly remodeled and expanded Buckle store. Additional openings are expected in 2025.

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AlabamaDevelopmentLeasing ActivityMixed-UseRetailSoutheast

Ballard Designs Debuts First Alabama Store at Hardwick Building in Downtown Birmingham

by John Nelson

BIRMINGHAM, ALA. — Ballard Designs has opened its first Alabama location in downtown Birmingham. Situated along the city’s Rotary Trail, Ballard’s newest location occupies the street level of the historic Hardwick Building, with restaurants and offices filling the remaining floors and spaces of the former steel factory. Locally based Bayer Properties owns the Hardwick Building and will soon welcome restaurants Epice and Lapeer Steak and Seafood to the property, according to Bham Now. The new Ballard Designs store is set up with several vignettes staged with the brand’s living room and dining room furniture, lighting, rugs, bedding and home décor. The store also includes a fully staffed design center where patrons can meet with one of the retailer’s design consultants. Additionally, Ballard designed and furnished the Hardwick Building’s shared entryway to serve as a waiting area for restaurant goers.

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The-Cottage-Green-Conroe
AcquisitionsBuild-to-RentSingle-Family RentalTexas

Christopher Todd Capital Acquires 314-Unit Build-to-Rent Property in Conroe, Texas

by Taylor Williams

CONROE, TEXAS — A subsidiary of Arizona-based Christopher Todd Capital has acquired The Cottage Green, a 314-unit build-to-rent residential property in Conroe, about 40 miles north of Houston. The site spans 40 acres, and the development offers one-, two- and three-bedroom single-story homes and two-bedroom townhomes in a variety of styles, such as bungalows, cottages and lofts. Amenities include a lakeside beach club with grilling stations, a pool with tanning ledge, fitness center, clubhouse, conference room, electric car charging stations, dog park and an event lawn. The seller was an entity doing business as HMFA Houston Property Owner I LLC. Christopher Todd plans to rebrand the property as Cottage Living.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 170,722 SF Shopping Center in Sherman, Texas

by Taylor Williams

SHERMAN, TEXAS — Marcus & Millichap has brokered the sale of Sherman Centre, a 170,722-square-foot shopping center located near the Texas-Oklahoma border. The center was 60 percent leased at the time of sale to tenants such as Bomgaars, Nautilus Family Fitness and Texas Roadhouse. The property also includes an undeveloped, 1.9-acre pad site. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller, a private owner-developer based in Texas, in the transaction. The duo also procured the buyer, an out-of-state private investor.

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AcquisitionsIndustrialMichiganMidwest

Microsoft Acquires 274 Acres Near Grand Rapids, Michigan

by Kristin Harlow

GRAND RAPIDS, MICH. — Microsoft Corp. has acquired 274 acres in Dorr, a southern suburb of Grand Rapids, for an undisclosed price. The property is located at 4400 144th Ave. and 14th Street. Matt Wickstra, Shawn O’Brien and Julie O’Brien of Colliers represented Microsoft in the transaction. Colliers also represented Microsoft in its purchase of 316 acres at 76th Street SE in Caledonia, bringing the company’s total holdings in the region to nearly 590 acres.

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DevelopmentMidwestMissouriRetail

Keystone Construction Breaks Ground on $60M CarShield Sportsplex Facility in Chesterfield, Missouri

by Kristin Harlow

CHESTERFIELD, MO. — Keystone Construction Co. has broken ground on the new $60 million CarShield Sportsplex AAA Hockey & Futbol facility in the St. Louis suburb of Chesterfield. Completion is slated for January 2026. The indoor and outdoor sports facility will accommodate the growing CarShield AAA Hockey & Futbol clubs, which serve more than 500 kids and 45 teams in metro St. Louis. The 325,000-square-foot project will be situated on 33 acres at 530 N. Eatherton Road. The development will include four indoor turf soccer fields, two indoor ice rinks, team locker rooms, a pro shop, training and fitness spaces, a restaurant, bar, concessions and classrooms. Outside, there will be three turf soccer fields, concessions, a dining patio and children’s playground. The project team includes civil engineer Stock & Associates and architect Gray Design Group.

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IndustrialLoansMidwestMissouri

Colliers Arranges Recapitalization of 467,708 SF Industrial Asset in Suburban Kansas City

by Kristin Harlow

LIBERTY, MO. — Colliers has arranged the recapitalization of a 467,708-square-foot industrial asset in Liberty, a northeast suburb of Kansas City. The Class A heavy manufacturing facility is located in Heartland Meadows Industrial Park. Alex Cantu and Alex Davenport of Colliers arranged the joint venture between the property’s developer, Becknell Industrial, and investment funds managed by Morgan Stanley Real Estate Investing. LMV Automotive Systems, a division of Magna International Inc., has fully occupied the property since its completion in February 2023. The building features a clear height of 32 feet, 61 docks, 12,892 square feet of office space and 494 auto parking spaces.

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Leasing ActivityMidwestMinnesotaOffice

Gamer Packaging Signs 20,192 SF Office Lease in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Gamer Packaging has signed a 20,192-square-foot office lease at Fifth Street Towers in Minneapolis. The full-service packaging company is moving its headquarters to the entire 19th floor of 100 S. Fifth St., the companion tower to 150 S. Fifth St. Reed Christianson and Trinette Wacker of Transwestern Real Estate Services handle leasing for the 1 million-square-foot office complex, which features amenities such as Sculpt Fitness, Connect Lounge and Sphere Bar + Restaurant. Gamer Packaging is currently designing its new headquarters and expects to take occupancy in the second half of 2026. Tad Jellison, John Lorence and Blake Hastings of CBRE represented Gamer Packaging.

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CivicDevelopmentTexas

Educare to Open 25,000 SF Childcare, Education Facility in San Antonio

by Taylor Williams

SAN ANTONIO — Educare Learning Network will open a 25,000-square-foot childcare and early learning facility in San Antonio. Designed by RDG Planning & Design and Pfluger Architects, the facility will feature flexible classroom spaces, outdoor learning areas and advanced technology to support teaching and professional development. Construction is scheduled to begin before the end of the year and to be complete in summer 2026.

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AcquisitionsHealthcareTexas

Alliance Consolidated Group of Cos. Buys 15,110 SF Healthcare Property in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Alliance Consolidated Group of Cos. has purchased a 15,110-square-foot healthcare property in Arlington. The sales price was $6 million. According to LoopNet Inc., the single-tenant property at 950 N. Davis Drive was originally built in 1985. The seller, an orthopedic care provider doing business as MCS Dallas Medical PLLC, will lease back the space from the new ownership.

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