Property Type

GBT Realty Signs HomeGoods, Shoe Station at Tuscaloosa Shopping Center

by John Nelson April 29, 2019

TUSCALOOSA, ALA. — GBT Realty has signed HomeGoods and Shoe Station to lease space at McFarland Plaza, a 234,000-square-foot retail power center located at 2600 McFarland Blvd. in Tuscaloosa, about one mile south of the University of Alabama. HomeGoods will backfill a former Toys ‘R’ Us store spanning 23,000 square feet, and Shoe Station will lease 11,900 square feet. The center was 97 percent leased at the time of sale to tenants such as Ross Dress for Less, T.J. Maxx, Stein Mart, Cato Fashions, Michaels and Pet Supplies Plus. GBT Realty’s leasing team is currently seeking quick-service restaurants, financial services, medical/dental chains and other service providers to fill McFarland Plaza’s remaining small shop space.

April 29, 2019

Loans Retail Texas

BMC Capital Arranges $4.4M Acquisition Loan for Fort Worth Retail Asset

by Taylor Williams April 29, 2019

FORT WORTH, TEXAS —BMC Capital has arranged a $4.4 million acquisition loan for a multi-tenant retail property in Fort Worth. The loan featured a 10-year term, fixed interest rate of 5.25 percent and a 75 percent loan-to-value structure. The borrower and property name were not disclosed.

April 29, 2019

Industrial Leasing Activity Texas

Holt Lunsford Secures 40,450 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams April 29, 2019

FARMERS BRANCH, TEXAS — Holt Lunsford Commercial has secured a 40,450-square-foot industrial lease renewal at 4443 Simonton Road in Farmers Branch, a northern suburb of Dallas. Andrew Gilbert of Holt Lunsford represented the landlord, Boston-based TA Realty, in the lease negotiations. Adam Curran of Cushman & Wakefield represented the tenant, Inkjet Printing International LLC.

April 29, 2019

Acquisitions Retail Texas

Cushman & Wakefield Closes Sale of 12,768 SF Strip Retail Center in Houston

by Taylor Williams April 29, 2019

HOUSTON — Cushman & Wakefield has closed the sale of Bissonnet Corner, a 12,768-square-foot strip retail center in the Bellaire neighborhood of Houston. The property, which was built in 2008, includes a mix of local retailers, including Saltillo Mexican Kitchen and Bissonnet Dental. Chris Harden, Kris Von Hohn and Ryan Duffie of Cushman & Wakefield represented the private seller in the transaction. The buyer was an undisclosed private investor.

April 29, 2019

Industrial Leasing Activity Texas

CBRE Negotiates 20,000 SF Industrial Lease Renewal in Coppell, Texas

by Taylor Williams April 29, 2019

COPPELL, TEXAS — CBRE has negotiated a 20,000-square-foot industrial lease renewal in Coppell, located just north of Dallas-Fort Worth (DFW) International Airport. Brian Gilchrist and Steve Koldyke of CBRE represented the tenant, telecommunications firm GW Communications, in the lease negotiations.

April 29, 2019

Acquisitions Multifamily Oklahoma Texas

Marcus & Millichap Brokers Sale of 26-Unit Apartment Community in Elgin, Oklahoma

by Taylor Williams April 29, 2019

ELGIN, OKLA. — Marcus & Millichap has brokered the sale of Kensington Rental Estates, a 26-unit multifamily community in Elgin, located southwest of Oklahoma City. Derek Wilson of Marcus & Millichap represented the seller and buyer, both of which were private investors, in the transaction. The property was built in 2013 and offers two- and three-bedroom units.

April 29, 2019

Development Illinois Midwest Multifamily Seniors Housing

CA Ventures Completes Development of 123,482 SF Senior Living Community Near Chicago

by Kristin Harlow April 29, 2019

BOLINGBROOK, ILL. — CA Senior Living LLC, the senior housing investment and development division of Chicago-based CA Ventures, has completed the development of Atria at River Trail, a 128-unit seniors housing community in the Chicago suburb of Bolingbrook. The Chicago office of Harley Ellis Devereaux designed the property. Located on 5.8 acres, the two-story community offers 86 assisted living units and 42 memory care units in a 123,482-square-foot building. Louisville, Ky.-based Atria Senior Living will operate the community. Atria operates approximately 200 communities across the United States and Canada.

April 29, 2019

Acquisitions Midwest Missouri Multifamily

NorthMarq Arranges $10.4M Sale of Three Multifamily Properties in Missouri

by Kristin Harlow April 29, 2019

KANSAS CITY AND RIVERSIDE, MO. — NorthMarq’s investment sales division has arranged the sale of three multifamily properties in Missouri for $10.4 million. Northcrest Apartments is a 151-unit community in Riverside. A Midwest-based buyer purchased the asset. Rock Ridge Ranch and Belton Heights are both located in south Kansas City and total 119 units. A California-based buyer purchased the properties. Jeff Lamott of NorthMarq represented the seller, Worcester Investments, in each transaction.

April 29, 2019

Acquisitions Illinois Industrial Midwest

Podolsky Circle Brokers $1.4M Sale of Industrial Building in Chicago

by Kristin Harlow April 29, 2019

CHICAGO — Podolsky Circle CORFAC International has brokered the sale of an 8,258-square-foot industrial building in Chicago for $1.4 million. Located at 215 N. Laflin St., the vacant, single-story property is situated in the West Loop. Adam Tarantur and Austin Vanderstappen of Podolsky Circle represented the seller, a family trust. An undisclosed buyer plans to use the property for an adaptive reuse project that is in line with other Fulton Market projects.

April 29, 2019

Healthcare Leasing Activity Midwest Wisconsin

Ascension Medical Group Leases 5,586 SF in Sussex, Wisconsin

by Kristin Harlow April 29, 2019

SUSSEX, WIS. — Ascension Medical Group of Southeast Wisconsin has signed a 5,586-square-foot office lease in Sussex, about 19 miles northwest of Milwaukee. The property is situated on Main Street. Jenna Maguire and Hakan Hare of Founders 3 Real Estate Services represented the landlord, Sawall Office Building LLC. Ascension is a faith-based healthcare organization.

April 29, 2019

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