Property Type

Hilton-Anchorage-AK

ANCHORAGE — Columbia Sussex has completed a multi-million-dollar renovation at Hilton Anchorage, located at 500 W. Third Ave. in downtown Anchorage. The project included upgrades to the lobby, dining establishments, guest rooms, fitness center and conference spaces. The renovated guestrooms include work stations with desk-level electrical outlets and high-speed internet access, The Bed by Hilton bedding systems, Hilton alarm clock radios with MP3 Player plug-ins, Cuisinart single-serve/dual-cup coffee makers, back-lit vanities, full-length mirrors, showers with rain showerhead fixtures and 49-inch televisions. The hotel also features 11 suites and more than 50 Club Level executive rooms. Hotel amenities include a fitness center, indoor pool, hot tub, Kaladi Brothers Coffee, Hooper Bay Café, Bruins Bar and 23,000 square feet of flexible meeting and event space. Crestview Hills, Ky.-based Columbia Sussex has owned and managed the hotel since 2006.

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Pillar-SanTan-Gilbert-AZ

GILBERT, ARIZ. — Pillar Communities & Private Portfolio Group has completed the disposition of Pillar at SanTan, a garden-style apartment complex located at 2910 S. Greenfield Road in Gilbert. Baron Properties acquired the asset for $67.8 million. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE’s Phoenix office represented the seller in the transaction. Constructed in 2009, Pillar at SanTan features 315 units in a mix of studio, one-, two- and three-bedroom floorplans with nine-foot ceilings, well-appointed kitchens and patios/balconies. Community amenities include a resort-style swimming pool, spa, poolside lounge, outdoor kitchen, fitness center, outdoor picnic areas, grills and a playground.

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NORTH LAS VEGAS, NEV. — Panattoni Development, serving as developer, has commenced work on North 15 Logistics Center, building on a 29.9-acre land parcel located at the intersection of Interstate 15 and Speedway Boulevard in North Las Vegas. Slated for completion in first-quarter 2020, the $47 million project will feature two buildings offering a total of 550,024 square feet of industrial space. The facilities will feature up to 36-foot clear heights, ESFR sprinkler systems, R-30 roof batt insulation and concrete truck courts. LIT Industrial Limited Partnership, a Clarion Partners company, owns North 15 Logistics Center. Alston Construction is serving as contractor and HPA Architects is proving architectural services.

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Tribute-at-the-Rim-San-Antonio

SAN ANTONIO — Passco Cos., a California-based multifamily development and investment firm, has acquired Tribute at The Rim, a 380-unit multifamily community in San Antonio. Built in 2017, the property is located within The Rim, a mixed-use development that is located on the city’s northwest side, and offers proximity to the hubs of major employers like USAA and Valero Energy. Floor plans feature one-, two- and three-bedroom units with quartz countertops, modern cabinetry and glass backsplashes. Amenities include a pool with a nearby fire pit, fitness center with on-demand classes, a dog park and grooming station, sky lounge, conference room and a bike storage and repair room. Scott LaMontagne, Moses Siller and Zar Haro of JLL represented the seller, Kairoi Development, in the transaction. Chris Black and Caleb Marten of KeyBank Real Estate Capital secured acquisition financing for the deal on behalf of Passco.

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Pearl-Marketplace-Houston

HOUSTON — Locally based multifamily developer MORGAN has begun leasing Pearl Marketplace, a 264-unit multifamily property in Houston’s Midtown district that includes a 40,000-square-foot Whole Foods Market on the ground floor. The grocery space is currently under construction and expected to open during the first quarter of 2020. Pearl Marketplace offers studio, one- and two-bedroom units with hardwood flooring, custom cabinetry, quartz countertops and smart thermostats. Communal amenities include a dog park and wash station, as well as a resort-style pool with a sun deck, poolside cabanas, grilling stations and TVs. A fitness center that overlooks the pool area will offer a variety of circuit and cardio equipment.

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Independent-Bank-McKinney-Texas

MCKINNEY, TEXAS — Developer KDC has completed a 165,000-square-foot office project within the Craig Ranch development in McKinney for Independent Bank Group’s new corporate headquarters. Situated on 10.4 acres at State Highway 121 and Grand Ranch Parkway, the six-story building will house more than 400 employees that were previously dispersed throughout the region. Construction began in January 2018.

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LEWISVILLE, TEXAS — Marcus & Millichap has brokered the sale of a 71-room Fairfield Inn & Suites hotel in Lewisville, a northern suburb of Dallas. Chris Gomes, Joseph Jacques and Allan Miller of Marcus & Millichap represented the seller, a Dallas-based limited liability company, in the transaction. The trio also procured the buyer, a private investor. Marriott, which owns the Fairfield brand, has approved the buyer to self-manage the property.

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HOUSTON — NAI Partners has negotiated a 53,200-square-foot industrial lease at 9010 W. Little York Road in Houston for Educational Products Inc., a provider of prepackaged school supplies for children. Jake Wilkinson of NAI Partners represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

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HOFFMAN ESTATES, ILL. — Planmeca USA Inc., a manufacturer of dental equipment, has purchased the former Serta Mattress Co. building at 2600 Forbs Ave. in Hoffman Estates. The company will relocate its U.S. headquarters to the 90,000-square-foot building later this year. The headquarters will comprise Planmeca’s corporate office, a testing and distribution center and a showroom and training center. Planmeca currently operates out of two buildings totaling 77,000 square feet in Roselle, approximately 30 miles northwest of Chicago. Britt Casey and Jeff Matella of Cushman & Wakefield represented Planmeca in the transaction. Mark Smith of CBRE represented Serta. The purchase price was not disclosed.

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EDWARDSVILLE, ILL. — Chicken Salad Chick, a fast-casual chicken salad restaurant concept, has expanded to its 15th state with its first Illinois restaurant opening in Edwardsville. This is the brand’s third location in the St. Louis area, with existing restaurants in Chesterfield and Creve Coeur. Located at 2323 Plum St., the 3,000-square-foot, Edwardsville restaurant is scheduled to open on Wednesday, June 26. Hannah Lukowski of SJ Restaurants LLC will own and operate the property. Lukowski currently owns three Firehouse Subs locations across Illinois and Missouri.

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