Property Type

WeWork to Open Third Nashville Location in North Gulch’s Capitol View

by Alex Tostado April 1, 2019

NASHVILLE, TENN. — WeWork will open its third Nashville location this fall. The newest site will be situated in the city’s North Gulch district, spanning 65,000 square feet and two stories at 500 11th Ave. N. within Capitol View. A joint venture between Boyle Investment Co., Northwestern Mutual and Northwood Ravin developed Capitol View, a 32-acre mixed-use development offering 378 residential units, retail space, restaurants and a 2.5-acre park. WeWork expects the space to house up to 1,000 workers. WeWork’s other two Nashville locations are in downtown (1,300 desks) and East Nashville (470 desks).

April 1, 2019

Development Georgia Retail Southeast

Joint Venture Opens Food Hall with 20 Vendors in Metro Atlanta

by Alex Tostado April 1, 2019

MARIETTA, GA. — Marietta Square Market, an 18,500-square-foot food hall, has opened at 68 N. Marietta Parkway NW in the Historic Marietta Square District. Concordia Properties LLC and Creative Culinary Ventures LLC developed the asset, which is located adjacent to historic railroad tracks, to resemble a turn-of-the-century train station. Marietta Square Market offers a central bar, indoor and outdoor seating and 20 vendors. Kelly Wilson of Ackerman Retail is handling leasing efforts for Marietta Square Market.

April 1, 2019

Acquisitions Georgia Multifamily Southeast

FCP Acquires Multifamily Complex in Atlanta for $23.1M

by Alex Tostado April 1, 2019

ATLANTA — FCP has acquired Ashford Gardens, a 164-unit garden-style apartment community in Atlanta, for $23.1 million. Ashford Gardens offers one-, two- and three-bedroom floor plans and community amenities such as a swimming pool, barbecue and picnic area and a playground. Situated at 2203 Plaster Road NE in northeast Atlanta, FCP will rebrand the property as Mirador at Peachtree. Andrew Mays and Matt White of Berkadia represented the undisclosed seller in the transaction.

April 1, 2019

Development Retail Texas

ARCO/Murray Breaks Ground on Entertainment Facility for Chicken N Pickle in San Antonio

by Taylor Williams April 1, 2019

SAN ANTONIO — Dallas-based ARCO/Murray has broken ground on an entertainment facility in San Antonio for Chicken N Pickle, a concept that features pickle ball, bocce ball, shuffleboard and other games. The venue will also include an 18,000-square-foot restaurant. Kansas City-based Yeager Architecture is designing the property, a completion date for which was not released.

April 1, 2019

Industrial Leasing Activity Texas

Stream Realty Partners Negotiates 57,996 SF Industrial Lease in Fort Worth

by Taylor Williams April 1, 2019

FORT WORTH, TEXAS — Stream Realty Partners has negotiated a 57,996-square-foot industrial lease at Parc North, a 31-acre industrial development in Fort Worth. Seth Koschak and Forrest Cook of Stream Realty Partners represented the landlord, EastGroup Properties, in the lease negotiations. Brice Wells of CBRE represented the tenant, plumbing supplier Ferguson.

April 1, 2019

Leasing Activity Office Texas

Toyota Motor Credit Corp. Signs 27,133 SF Office Lease Expansion in Plano

by Taylor Williams April 1, 2019

PLANO, TEXAS — Toyota Motor Credit Corp. has signed a 27,133 -square-foot office lease expansion at Legacy Town Center III in Plano. The company now occupies 54,255 square feet at the property, which was built in 2006 and is owned by California-based KBS. Alan Wood and Wade Clark of JLL represented the tenant in the lease negotiations. Jackie Marshall and Alexandra Cullins of CBRE represented the landlord.

April 1, 2019

Acquisitions Florida Retail Southeast

Marcus & Millichap Arranges $14.2M Sale of Retail Center in Southwest Florida

by Alex Tostado April 1, 2019

BONITA SPRINGS, FLA. — Marcus & Millichap has arranged the $14.2 million sale of North Bay Village, a 114,545-square-foot retail property in Bonita Springs. North Bay Village was 73 percent occupied at the time of the sale, and the buyer, a private investor through a 1031 exchange, signed long-term leases with Hertz, Emaint and Keller Williams Real Estate to bring the asset to 98 percent occupancy. Other tenants include Bonefish Grill, Mattress Firm and Edible Arrangements. Jim Shiebler, James Garner and James Medefind of Marcus & Millichap represented the seller, a private investor, in the transaction.

April 1, 2019

Development Mixed-Use New York Northeast

Madison Realty Capital Provides $138M Construction Loan for Mixed-Use Property in West Harlem

by David Cohen April 1, 2019

NEW YORK CITY — Madison Realty Capital (MRC) has provided a $138 million construction loan for a mixed-use development project in the West Harlem neighborhood of Manhattan. Located at 300 W. 122nd St., the 13-story, 211,893-square-foot property will include 155 condominium units and ground-floor retail space slated for a grocery store. MRC provided the financing to borrower Happy Living Development. Richard Horowitz, Ryan Horowitz and Adam Horowitz of Cooper-Horowitz LLC brokered the transaction on behalf of the borrower. The building’s foundation has already been completed.

April 1, 2019

Acquisitions Connecticut Multifamily Northeast Student Housing

Chozick Realty Negotiates $14.3M Sale of Student Housing Complex at University of Connecticut

by David Cohen April 1, 2019

HARTFORD, CONN. — Chozick Realty has arranged the $14.3 million sale of Willington Oaks, a 128-unit student housing complex at the University of Connecticut in Hartford. The property includes 64 one-bedroom flats and 64 two-bedroom townhouses. Willington Oaks has recently undergone extensive updates including new boilers, roofs, windows, septic systems and connection to municipal water. The property routinely maintains occupancy close to 100 percent. Rick Chozick and Steve Pappas of Chozick Realty represented the seller, Willington Oaks LLC, in the transaction. The buyer was TC NY Associates LLC.

April 1, 2019

Loans Mixed-Use New York Northeast

Cushman & Wakefield Arranges $75M Refinancing for Mixed-Use Building in Brooklyn

by David Cohen April 1, 2019

NEW YORK CITY — Cushman & Wakefield has arranged a $75 million refinancing for The Lane at Boerum Place, a 133,387-square-foot residential and retail building in Brooklyn. Located at 415 Red Hook Lane, Rumble Boxing anchors the 108-unit project’s retail component. The residential component of the newly constructed, 21-story property is fully leased. Amenities include central air, a bike room and co-working lounge, as well as washers and dryers in all units. Gideon Gil, Alexander Hernandez, Noble Carpenter III and Zachary Kraft secured financing on behalf of the borrower, Quinlan Development Group & Lonicera Partners. TD Bank provided the financing.

April 1, 2019

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