Property Type

Adolfson & Peterson to Build $32M Sports Medicine Facility in Waco

by Taylor Williams December 3, 2018

WACO, TEXAS — Adolfson & Peterson Construction will build a $32 million, 106,000-square-foot sports medicine facility in Waco. Designed by HKS Architects, the property will be situated on the Baylor Scott & White Hillcrest campus, adjacent to the interchange of Interstate 35 and State Highway 6, about 6.5 miles from Baylor University. Services will include an orthopedic and sports medicine clinic, outpatient surgery center and a diagnostic imaging center. Construction began in November. The facility is expected to be operational by 2020.

December 3, 2018

Development Healthcare Illinois Midwest

Ankura, Medicus Capital Break Ground on 50,000 SF Outpatient Care Center in Kildeer, Illinois

by Kristin Harlow December 3, 2018

KILDEER, ILL. — Ankura Healthcare Real Estate Solutions and Medicus Capital have broken ground on a 50,000-square-foot outpatient care center in Kildeer. The new facility will be located on a five-acre site at the corner of Rand and Cuba roads. Northwest Community Healthcare will occupy the facility. Slated for completion in late 2019, the building will be home to primary care, physical therapy and cardiac rehab and include an immediate care center, advanced imaging center and lab. Leopardo Cos. Inc. is the contractor and Jensen & Halstead Ltd. is the architect. Lake Forest Real Estate Capital LLC arranged $19.1 million in development financing through Wintrust Financial.

December 3, 2018

Acquisitions Hospitality Midwest Ohio

AWH Partners, Opterra Capital Acquire 321-Room Hotel in Cincinnati

by Kristin Harlow December 3, 2018

CINCINNATI — AWH Partners LLC and Opterra Capital LLC have acquired the Cincinnati Marriott at RiverCenter for an undisclosed price. The 321-room hotel is connected to the Northern Kentucky Convention Center and includes 30 event rooms. Amenities include a fitness center, indoor pool and the 10 West restaurant. Spire Hospitality manages the hotel.

December 3, 2018

Development Multifamily Texas

Abode Begins Leasing 188-Unit Apartment Community in Ennis, Texas

by Taylor Williams December 3, 2018

ENNIS, TEXAS — Abode Properties, a subsidiary of Transcontinental Realty Investors Inc. (NYSE: TCI) has begun leasing Spyglass of Ennis, a 188-unit multifamily community in Ennis, about 35 miles south of Dallas. The Class A property offers one- and two-bedroom units and amenities such as a pool, fitness center, outdoor grilling area and a jogging trail.

December 3, 2018

Industrial Leasing Activity Midwest Wisconsin

National Packaging Services Renews 78,778 SF Industrial Lease in Cudahy, Wisconsin

by Kristin Harlow December 3, 2018

CUDAHY, WIS. — National Packaging Services has renewed its 78,778-square-foot industrial lease in Cudahy, a southern suburb of Milwaukee. The property is located at 2150 E. College Ave. Bill Langhoff of Colliers International brokered the lease transaction. National Packaging Services is based in New Jersey.

December 3, 2018

Illinois Leasing Activity Midwest Restaurant Retail

Adelphia Negotiates 3,608 SF Restaurant Lease in Park Ridge, Illinois

by Kristin Harlow December 3, 2018

PARK RIDGE, ILL. — Adelphia Properties has negotiated a 3,608-square-foot restaurant lease at the historic Pickwick Theater building in downtown Park Ridge, a suburb of Chicago. Pazzi di Pizza will occupy the space, which was formerly home to the Pickwick Restaurant. The property is located at 1 S. Prospect Ave. Simeon Spirrison and George Spirrison of Adelphia represented the undisclosed landlord.

December 3, 2018

Leasing Activity Retail Texas

Alamo Drafthouse to Open 10-Screen Theater in Metro Austin

by Taylor Williams December 3, 2018

CEDAR PARK, TEXAS — Alamo Drafthouse, a concept that combines movies, food and adult beverages, will open a 10-screen, 45,000-square-foot venue in the northwestern Austin metro of Cedar Park. The theater will be situated within Presidio, a master-planned community developed by Austin-based Riverside Resources. The development team expects to break ground in spring 2019 and open the theater, which will be the seventh Alamo Drafthouse in the region, in summer 2020.

December 3, 2018

Acquisitions Retail Texas

SRS Negotiates $2.7M Sale of Retail Asset Leased to Chick-fil-A in Odessa

by Taylor Williams December 3, 2018

ODESSA, TEXAS — SRS Real Estate Partners has negotiated the $2.7 million sale of a 4,998-square-foot retail property leased to Chick-fil-A in the West Texas city of Odessa. The Atlanta-based restaurant chain has signed a 20-year corporate-guaranteed lease at the property and opened its doors in April. Matthew Mousavi, Patrick Luther and Dale Robbins of SRS represented the seller, Lisciotti Development Corp., in the transaction. The buyer was an undisclosed, Texas-based investor.

December 3, 2018

Acquisitions Illinois Midwest Multifamily

Marcus & Millichap Brokers $2.4M Sale of Apartment Property in Rockford, Illinois

by Kristin Harlow December 3, 2018

ROCKFORD, ILL. — Marcus & Millichap has brokered the sale of Riverside Apartments in Rockford for $2.4 million. The 72-unit apartment property is located at 3701 Trilling Ave. James Ziegler marketed the property on behalf of the seller, a private investor. The buyer was not disclosed.

December 3, 2018

Acquisitions Multifamily Nevada Western

Tower 16 Capital Partners Buys 314-Unit Evergreen Apartments in Las Vegas for $29.5M

by Amy Works December 3, 2018

LAS VEGAS — San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has purchased Evergreen Apartments, a multifamily property located two miles west of the Las Vegas Strip. Encinitas, Calif.-based The Apartment Co. sold the property for $29.5 million. Located at 2950 S. Decatur Blvd., Evergreen Apartments features 314 units in a mix of one- and two-bedroom layouts with covered parking and private patios. Community amenities include two pools, barbecue and picnic areas, a fitness facility, business center, playground and on-site laundry facilities. Tower 16 will oversee $4 million in renovations and upgrades to the property. Renovations will include upgrades to commons areas, relocating the leasing office, expanding the gym and renovating all apartment interiors with new vinyl flooring, appliances, plumbing, lighting fixtures and paint. Las Vegas-based Pinnacle will manage the property. Brian Anderson and Angela Powers of Berkadia represented the seller in the deal.

December 3, 2018

Newer Posts

Older Posts