Property Type

AJP Ventures, Mas Group Set to Break Ground on $40M Healthcare Facility Near Baptist Hospital in Miami

by Alex Tostado February 26, 2019

MIAMI — AJP Ventures and Mas Group will break ground on MedSquare Health, a 116,000-square-foot, three-story medical facility in the Baptist Hospital of Miami submarket in Miami. The $40 million building will be situated at 9408 S.W. 87th Ave., about two miles from Baptist Hospital of Miami. Amenities will feature valet parking, an adjoined two-story parking garage, conference room space and an on-site café. MedSquare Health will be the first Class A, off-campus facility to be built in the submarket in 20 years. Modis Architects designed the building and Iberia Bank provided funding for the project. Cushman & Wakefield will handle leasing efforts.

February 26, 2019

Development Industrial South Carolina Southeast

Joint Venture to Develop Two-Building Distribution Center in Metro Charleston

by Alex Tostado February 26, 2019

BERKELEY COUNTY, S.C. — A joint venture between Randolph Development, Portside Investment Group and Synergy Capital will break ground on Portside Distribution Center in Berkeley County, about 24 miles northwest of downtown Charleston. Frampton Construction will build the two-building campus over the next two years. Construction on the first building will begin March 1, and each asset will feature 32-foot clear heights and load-bearing concrete tilt walls. McMillan Pazdan Smith designed the first building, which will span 189,500 square feet. It is expected to house multiple tenants when complete. A timeline for construction of the second building was not released.

February 26, 2019

Acquisitions Industrial South Carolina Southeast

CM Knight Logistics Acquires Industrial Building in Upstate South Carolina for $7.7M

by Alex Tostado February 26, 2019

ANDERSON, S.C. — CM Knight Logistics has acquired the former LaFrance Industries manufacturing facility and rebranded the asset as Anderson Industrial & Logistics Pointe. The 405,000-square-foot building sits on 45 acres in Anderson. Mauldin, S.C-based Mount Vernon Mills, the parent company of LaFrance Industries, sold the property. LaFrance Industries has leased back 120,000 square feet of space, making 288,000 square feet of space available.

February 26, 2019

Florida Industrial Leasing Activity Southeast

NAI Miami Negotiates 88,011 SF Industrial Lease in Miami

by Alex Tostado February 26, 2019

MIAMI — NAI Miami has negotiated an 88,011-square-foot industrial lease on behalf of Senator International Freight Forwarding LLC at 10505 N.W. 112th Ave. in Miami. The facility is situated about 20 miles west of downtown Miami. Devin White of CBRE represented the landlord, FS Building 30 LLC, in the lease transaction. Senator International Freight Forwarding specializes in international shipping and logistics with a focus on air and sea freight, as well as on logistics, packaging and customs services.

February 26, 2019

Fielder-Plaza-Arlington-TexasFielder-Plaza-Arlington-Texas

Development Retail Texas

Weitzman to Redevelop 157,575 SF Retail Center in Arlington

by Taylor Williams February 26, 2019

ARLINGTON, TEXAS — Weitzman’s management division will soon begin the redevelopment of Fielder Plaza, a 157,575-square-foot retail center in Arlington. The project will include a remodeling of the interior of the 52,000-square-foot anchor space occupied by grocer Tom Thumb, as well as a complete remodeling of the property’s exterior elements. The center, which is home to other tenants such as CVS, Starbucks, Pet Supermarket, Mathnasium, Edible Arrangements and Batteries Plus, opened in 1978. The architect for the remodel is Hodges & Associates.

February 26, 2019

Acquisitions Civic Texas

SkyWalker Property Partners Acquires 56,497 SF Educational Campus in Tulsa

by Taylor Williams February 26, 2019

TULSA, OKLA. — Arlington-based SkyWalker Property Partners has acquired a 56,497-square-foot educational campus leased to Platt College in Tulsa. Platt College’s parent company, North Texas-based Ancora Education, provides vocational training in healthcare, technology and other skilled trades. Angela West of CBRE represented the seller, CMS EDU Tulsa LP, in the transaction. Gary Walker and Clint Holland of SkyWalker Property Partners negotiated the acquisition for the buyer of record, Cooking with Gas LLC.

February 26, 2019

Development Mixed-Use Texas

Oxberry Group to Convert Former Quality Laundry Building in Houston into 23,500 SF Mixed-Use Property

by Taylor Williams February 26, 2019

HOUSTON — Urban developer Oxberry Group will redevelop the former Quality Laundry building located at 1110 W. Gray St. in Houston into a 23,500-square-foot mixed-use property. Oxberry purchased the building, which originally opened in 1932, in 2017. The new property, branded Rêve at Montrose, will feature ground-floor retail and restaurant space and second-story office space. The development team, which includes Tipps Architecture and general contractor Arch-Con Corp., expects to complete shell construction of the property early this summer.

February 26, 2019

Acquisitions Office Texas

HFF Negotiates Sale of 20,762 SF Office Building in Austin

by Taylor Williams February 26, 2019

AUSTIN, TEXAS — HFF has negotiated the sale of 3208 Red River Street, a 20,762-square-foot office building in Austin. Walter Saad, Cathy Nabours and Drew Fuller of HFF represented the seller, San Francisco-based Drawbridge Realty, which acquired the property in 2013 and performed a complete redevelopment. Avison Young represented the buyer, an undisclosed private real estate trust. Tenants at the property include Xeris Pharmaceutical and YMCA.

February 26, 2019

Industrial Loans Texas

Pioneer Realty Capital Arranges $7M Loan for Refinancing of Fort Worth Industrial Building

by Taylor Williams February 26, 2019

FORT WORTH, TEXAS — Dallas-based financial intermediary Pioneer Realty Capital LLC has arranged a $7 million loan for the refinancing of an industrial building in Fort Worth occupied by Apex Tires, which also owns the building. Proceeds from the loan were used to finance existing construction debt that had gone into default and to cover costs of relocating. The direct lender was not disclosed.

February 26, 2019

Acquisitions Arizona Multifamily Seniors Housing Utah Western

MedCore, Trinity Acquire Four Seniors Housing Communities in Arizona, Utah for $98M

by Amy Works February 26, 2019

KEARNS, UTAH, AND CASA GRANDE, BULLHEAD CITY AND KINGMAN, ARIZ. — MedCore Partners, in partnership with Trinity Private Equity Group, has acquired four seniors housing assets throughout Arizona and Utah for $98 million. The acquisition is the first tranche of a five-property, 531-unit, $130 million portfolio acquisition for the partnership. The final property is still under construction, with the sale slated for completion upon delivery in May. SunTrust Bank provided financing for the transactions. The four communities involved in this deal total 409 units of assisted living and memory care. The properties include Caliche Senior Living in Casa Grande with 105 units, Joshua Springs Senior Living in Bullhead City with 104 units, White Cliffs Senior Living in Kingman with 103 units and the 97-unit Summit Senior Living in Kearns. Immediately upon closing on the assets, Watermark Retirement Communities took over the management of each of the properties.

February 26, 2019

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