Property Type

Davis Breaks Ground on 400,400 SF Industrial Development in San Antonio

by Taylor Williams August 17, 2018

SAN ANTONIO — Houston-based Davis Commercial Development has broken ground on Logistics Commerce Center, a 400,400-square-foot industrial development that will be located within Cornerstone Industrial Park in San Antonio. The two-building, Class A property is being developed on a speculative basis. The groundbreaking was held on Thursday and delivery is slated for the first quarter of 2019. The two buildings, which will measure 260,000 and 140,400 square feet, will both feature 32-foot clear heights, ESFR sprinkler systems and ample trailer parking. Rob Burlingame and Josh Aguilar of CBRE represented Davis Commercial in the purchase of the land and will continue to market and lease the property.

August 17, 2018

Industrial Leasing Activity Texas

JLL Negotiates 210,850 SF Industrial Lease Renewal in Houston

by Taylor Williams August 17, 2018

HOUSTON — JLL has negotiated a 210,850-square-foot industrial lease renewal within Railwood Industrial Park in northeast Houston on behalf of Global Stainless Supply, a Houston-based provider of stainless steel pipes, flanges and fittings. The company’s Class A space features 28-foot clear heights, 24 dock-high doors and 8,000 square feet of office space. Ryan Fuselier and Jeff Venghaus of JLL represented the tenant in the lease negotiations. Kelly Landwermeyer of Holt Lunsford Commercial represented the landlord, CenterPoint Properties.

August 17, 2018

Acquisitions Office Texas

Stream Realty Partners Brokers Sale of 165,500 SF Office Building in San Antonio

by Taylor Williams August 17, 2018

SAN ANTONIO — Stream Realty Partners has brokered the sale of One Alamo Center, a 165,500-square-foot office building in downtown San Antonio. The eight-story building offers a conference center and concierge services. Jamie Jennings, James Mantzuranis and Andrew Rabinovich of Stream Realty Partners marketed the property on behalf of a private family office and procured the buyer, Los Angeles-based Entrada Partners. Market experts Ryan Harrison, Garrett Carlson and Kenneth Hartmann of Stream Realty Partners also contributed to the transaction.

August 17, 2018

Acquisitions Industrial Office Texas

NAI Partners Arranges Sale of 6,400 SF Flex Asset in Houston

by Taylor Williams August 17, 2018

HOUSTON — NAI Partners has arranged the sale of a 6,400-square-foot office/warehouse asset situated on 8.9 acres at 8412 Hansen Road in Houston. Clay Pritchett and Zane Carman of NAI Partners represented the seller, Wallis State Bank, which had previously foreclosed on the property. Greg Williams of Qualified Properties represented the buyer, TBarJ Properties LLC.

August 17, 2018

Development Industrial Iowa Midwest

7G Distributing Opens 112,000 SF Corporate Headquarters in Davenport, Iowa

by Kristin Harlow August 17, 2018

DAVENPORT, IOWA — 7G Distributing has opened its new 112,000-square-foot corporate headquarters and distribution center in Davenport. The beer distributor serves eastern Iowa with brands such as Anheuser-Busch and Crown Imports. The facility features a solar array on the roof. Other building features include red accented walls, exposed ceilings and a large-scale company logo painted on two sides. HDA Architects was the project architect and Kraus-Anderson was the contractor. 7G Distributing owns the building.

August 17, 2018

Development Illinois Midwest Multifamily Student Housing

Capstone, Harrison Street to Develop Student Housing Community at University of Chicago

by Kristin Harlow August 17, 2018

CHICAGO — Capstone Development Partners LLC and Harrison Street Real Estate Capital LLC are developing an on-campus student housing and dining community at the University of Chicago. Capstone On-Campus Management will manage the property in shared governance with the university. Known as Woodlawn Residential Commons, the development will house approximately 1,200 undergraduate students and resident staff. The project will also include a dining commons that will be operated by the university and its dining services provider. Elkus Manfredi Architects is the project architect and Turner Construction Co. is the contractor. The development is slated to open in time for the 2020-2021 school year.

August 17, 2018

Acquisitions Illinois Midwest Multifamily

SVN Brokers $9.5M Sale of Two Multifamily Buildings in Chicago

by Kristin Harlow August 17, 2018

CHICAGO — SVN | Chicago Commercial has brokered the sale of two multifamily buildings in Chicago’s Beverly neighborhood for $9.5 million. The properties, which total 110 units, are located at 10206-30 S. Walden Parkway and 10500 S. Walden Parkway. Frank Micklin of SVN brokered the transaction on behalf of the undisclosed parties. The buyer completed a tax-deferred 1031 exchange.

August 17, 2018

Acquisitions Healthcare Illinois Midwest

Jameson Arranges $5.3M Sale of Medical Office Building in Evanston, Illinois

by Kristin Harlow August 17, 2018

EVANSTON, ILL. — Jameson Commercial has arranged the sale of a 12,050-square-foot medical office building in Evanston for $5.3 million. Access Community Health Network occupies the property. John Scuras of Jameson brokered the transaction. Neither the buyer nor the seller was disclosed.

August 17, 2018

Acquisitions Michigan Midwest Net Lease Retail

Encore Brokers Sale of Property Net Leased to Sherwin Williams in Farmington Hills, Michigan

by Kristin Harlow August 17, 2018

FARMINGTON HILLS, MICH. — Encore Real Estate Investment Services has arranged the sale of a 5,000-square-foot retail property net leased to Sherwin Williams in Farmington Hills. The sales price was not disclosed. Sherwin Williams has 6.5 years left on its lease. Matt Weber, Deno Bistolarides, Brandon Hanna and Ryan Vinco of Encore represented the seller, a California-based limited liability company. A California-based private investor purchased the asset.

August 17, 2018

Acquisitions New York Northeast Office

Marcus Partners, Dalan Management Acquire Two Office Buildings in Midtown Manhattan for $54.5M

by Taylor Williams August 17, 2018

NEW YORK CITY — Boston-based Marcus Partners, in partnership with Dalan Management, has acquired two adjacent 12-story office buildings in Midtown Manhattan for $54.5 million. The buildings, which are located at 10-12 E. 33rd St., each contain 35,000 square feet of office space with 2,000 square feet of ground-floor retail. The properties are fully leased to a mix of tenants in industries such as technology, advertising, media and architecture. The loft-style buildings feature exposed brick, windows on three sides and provide small- to mid-size companies the opportunity to occupy an entire floor. Matthew Spiegel, Mo Beler, Glen Tolchin and Anthony Ledesma of JLL arranged the sale on behalf of the buyer. The seller was undisclosed.

August 17, 2018

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