Property Type

High Street Residential Completes 25-Story Apartment Tower in Metro Dallas

by Taylor Williams December 18, 2018

PLANO, TEXAS — High Street Residential, a subsidiary of Trammell Crow Co., has completed The Kincaid at Legacy, a 25-story apartment tower in the northeastern Dallas suburb of Plano. The property totals 300 units in one-, two- and three-bedroom layouts ranging in size from 677 to 4,500 square feet. Amenities include a pool, fitness center, lounge with a media screening room, entertainment kitchen, conference room, outdoor grilling areas and a business center. ZRS Management LLC is handling leasing and management of the project.

December 18, 2018

Development Mixed-Use Texas

Centurion to Develop $116.5M Mixed-Use Project in Mesquite, Texas

by Taylor Williams December 18, 2018

MESQUITE, TEXAS — Centurion American Development Group will develop Iron Horse Village, a mixed-use project in the eastern Dallas suburb of Mesquite that is valued at more than $116.5 million. Iron Horse Village will consist of 336 single-family homes and a combined 130,000 square feet of restaurant, retail and office space. Construction is expected to begin in April or May of 2019.

December 18, 2018

Development Multifamily Northeast Pennsylvania Seniors Housing

LCB Breaks Ground on 84-Unit Seniors Housing Community in Pennsylvania

by David Cohen December 18, 2018

GLEN MILLS, PA. — LCB Senior Living has broken ground on The Residence at Chadds Ford, an independent living, assisted living and memory care community in Glen Mills, located west of Philadelphia and north of Wilmington, Del. Once completed, the community will offer 84 luxury apartment units. The Residence at Chadds Ford will be LCB’s flagship community in the area. The property is located near a variety of shopping and recreation. LCB’s portfolio includes properties in Massachusetts, New Hampshire, Rhode Island, Connecticut, Vermont and Pennsylvania.

December 18, 2018

Leasing Activity Office Texas

Arena Energy Signs 87,231 SF Office Lease in The Woodlands

by Taylor Williams December 18, 2018

THE WOODLANDS, TEXAS — Arena Energy, a privately held oil and gas firm, has signed an 87,231-square-foot office lease at Hughes Landing in The Woodlands, about 30 miles north of Houston. The Class A space will be situated on 13 acres and will serve as the company’s new headquarters. Arena Energy is aiming to begin occupying the space in September 2019.

December 18, 2018

Acquisitions Retail Texas

Hilco Brokers Sale of Two Retail Assets Totaling 28,300 SF in South Texas

by Taylor Williams December 18, 2018

MCALLEN AND CORPUS CHRISTI, TEXAS — Hilco Real Estate LLC has brokered the sale of two retail assets totaling 28,300 square feet in South Texas. The first property is a 14,500-square-foot building located in the Rio Grande Valley city of McAllen, and the second is a 13,800-square-foot building in Corpus Christi. The buyers and sellers were not disclosed.

December 18, 2018

Acquisitions Midwest Ohio Retail

Eidi Properties Acquires Two Shopping Centers in Rossford, Ohio

by Kristin Harlow December 18, 2018

ROSSFORD, OHIO — Eidi Properties has acquired Crossroads Centre and Rossford Pointe near Toledo for an undisclosed price. RPT Realty, a publicly traded real estate investment trust, was the seller, according to The Blade, Toledo’s daily newspaper.Crossroads Centre is a 470,225-square-foot power center anchored by Target and Home Depot. Rossford Pointe spans 47,477 square feet. Toledo-based Eidi Properties now owns 40 shopping centers.

December 18, 2018

Illinois Loans Midwest Multifamily

Allstate Provides $27.5M Acquisition Loan for Multifamily Property in Glenview, Illinois

by Kristin Harlow December 18, 2018

GLENVIEW, ILL. — Allstate Investments has provided a $27.5 million acquisition loan for Valley Lo Tower II, a 112-unit, mid-rise multifamily property in the northern Chicago suburb of Glenview. Valley Lo offers a mix of one-, two- and three-bedroom floor plans. Community amenities currently include a 2,300-square-foot clubhouse, an outdoor swimming pool and tennis court. Matthew Schoenfeldt of HFF arranged the loan on behalf of the borrowers, The Marquette Companies and LEM Capital. The buyer plans to make upgrades to the amenities.

December 18, 2018

Acquisitions Illinois Midwest Retail

Thor Equities Sells Retail Property in Chicago for $26M

by Kristin Harlow December 18, 2018

CHICAGO — Thor Equities Group has sold its two-level retail property at 36 S. State St. in Chicago for $26 million. Jenel Management Corp. purchased the asset. Verizon, T-Mobile and Blick Art Materials fully occupy the 18,800-square-foot property. Thor Equities purchased the entire 19-story building for $10.3 million in 2004, before selling the upper floors to a developer for conversion to residential condominiums.

December 18, 2018

Acquisitions Illinois Midwest Net Lease Retail

Adelphia Properties Brokers $4.4M Sale of Property Net Leased to CVS in Taylorville, Illinois

by Kristin Harlow December 18, 2018

TAYLORVILLE, ILL. — Adelphia Properties has brokered the $4.4 million sale of a single-tenant property net leased to CVS Pharmacy in Taylorville, about 25 miles southeast of Springfield. The 13,255-square-foot building is located at 401 N. Webster St. George Spirrison and Simeon Spirrison of Adelphia represented the buyer, a private investor. CVS has more than 22 years remaining on its lease.

December 18, 2018

Acquisitions Indiana Industrial Midwest

Shelbyville Redevelopment Commission Purchases 184-Acre Industrial Site in Indiana

by Kristin Harlow December 18, 2018

SHELBYVILLE, IND. —Shelbyville Redevelopment Commission has purchased a 184-acre industrial site along I-74 in Shelbyville, about 30 miles southeast of Indianapolis, for $3.9 million. The organization plans to develop an industrial park. The site was assembled from two tracts owned by First Presbyterian Church of Shelbyville and Krone, a German farm equipment manufacturer. Shelbyville and Shelby County equally funded the acquisition through a 10-year bond sale.

December 18, 2018

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