Property Type

Castle Lanterra Sells Multifamily Property in Tuscaloosa for $20.7M

by Alex Tostado February 20, 2019

TUSCALOOSA, FLA. — Castle Lanterra Properties has sold Heights at Skyland, a 304-unit apartment property in Tuscaloosa, for $20.7 million to an undisclosed buyer. The property was developed in two phases in 1975 and 1991. The asset offers one- and two-bedroom floor plans and amenities such as a dog park, breakfast bar, coffee bar, picnic area, fitness center, swimming pool, playground, clubhouse, tennis court and a volleyball court. Heights at Skyland is situated about four miles south of the University of Alabama and about six miles south of downtown Tuscaloosa.

February 20, 2019

Georgia Leasing Activity Office Southeast

Emory Healthcare Signs 28,000 SF Office Lease in Midtown Atlanta

by Alex Tostado February 20, 2019

ATLANTA — Emory Healthcare has signed a 28,000-square-foot lease at Baltimore Block across from Emory University Hospital Midtown in Midtown Atlanta. Emory Healthcare will move its finance and materials management operation to the newly leased space. Baltimore Block is a recently renovated historic office development that was originally built in 1885. Gamma Real Estate and Meltzer Properties acquired the asset in 2015 and completed a $4.5 million renovation. The 104,000-square-foot building is now 91 percent leased. Claire Ross and Mike Werner of JLL represented the landlord, in the lease transaction. Bruce Propst of Cushman & Wakefield represented the tenant.

February 20, 2019

Loans Massachusetts Mixed-Use Northeast

EagleBridge Capital Secures $17.8M Construction Loan for Mixed-Use Development in Massachusetts

by David Cohen February 20, 2019

DEDHAM, MASS. — EagleBridge Capital has secured a $17.8 million construction loan for Dior, a four-story, mixed-use development in Dedham. Located at 910-928 Providence Highway, the 46,525-square-foot property consists of 48 one- and two-bedroom residential units as well as 9,700 square feet of street-level retail space. The apartments will feature Energy Star rated stainless steel appliances, drawer microwaves, custom cabinetry and quartz counters. Brian Sheehan and Ted Sidel of EagleBridge secured the financing on behalf of the undisclosed borrower through an undisclosed Massachusetts financial institution. Terms of the financing were not disclosed.

February 20, 2019

Development Massachusetts Mixed-Use Northeast

Nauset Breaks Ground on Mixed-Use Complex in Reading, Massachusetts

by David Cohen February 20, 2019

READING, MASS — Nauset Construction has broken ground on The PostMark, a mixed-use complex in Reading. Located at 136 Haven St., the project will include 50 condominium units and 8,000 square feet of commercial space. The complex will also include a below-grade parking garage and landscaped courtyard. A joint venture between DiBiase Homes and Matrix Property Group are developing the complex. O’Sullivan Architects of Reading served as the architect on the project.

February 20, 2019

Development Multifamily Texas

JPI to Develop 282-Unit Apartment Community in Irving’s Las Colinas District

by Taylor Williams February 20, 2019

IRVING, TEXAS — JPI has begun construction of Jefferson Texas Plaza, a 282-unit multifamily community that will be located within Irving’s Las Colinas district. The property will feature a resort-style pool, private parking garages, fitness and yoga studio, a dog park and a two-story clubhouse with a coffee bar. The community will also offer proximity to a variety of restaurant and entertainment options, including Alamo Drafthouse Cinema and Toyota Music Factory. Construction is scheduled to begin during the first quarter and to be complete by the fourth quarter of 2020. Jefferson Texas Plaza will be JPI’s 10th community in Irving, where the company is based.

February 20, 2019

Development Industrial Texas

Colony Industrial, Huntington Acquire Land in Metro Dallas for 355,071 SF Industrial Project

by Taylor Williams February 20, 2019

GARLAND, TEXAS — Colony Industrial, in partnership with Huntington Industrial Partners, has acquired 21 acres in the northeastern Dallas suburb of Garland for the development of a two-building, 355,071-square-foot light industrial project. The buildings will feature 32-foot clear heights, cross-dock configurations and ample on-site trailer storage. Construction is scheduled to begin in late April and wrap up by the end of the year.

February 20, 2019

Development Multifamily Seniors Housing Texas

MedCore, TNRG Break Ground on 200,000 SF Seniors Housing Community in Metro Houston

by Taylor Williams February 20, 2019

ATASCOCITA, TEXAS — A partnership between Dallas-based MedCore Partners and Houston-based TNRG has broken ground on Fountainwood at Lake Houston, a 200,000-square-foot seniors housing community in Atascocita, a northeastern suburb of Houston. The property will offer 98 independent living units, 68 assisted living residences and 24 memory care apartments. California-based Integral Senior Living will manage the community. The opening is slated for August 2020.

February 20, 2019

100-Park-at-Century-Square-College-Station

Loans Multifamily Texas

HFF Arranges $27.5M Loan for Refinancing of College Station Apartments

by Taylor Williams February 20, 2019

COLLEGE STATION, TEXAS — HFF has arranged a $27.5 million loan for the refinancing of 100 Park at Century Square, a 249-unit multifamily community in College Station. The property is located near Texas A&M University within the 60-acre Century Square mixed-use development. Floor plans consist of studio, one- and two-bedroom units and amenities include a pool, fitness center and an outdoor lounge. Colby Mueck, Timothy Joyce, Stephen Skok and Stuart Hepler of HFF arranged the loan on behalf of the borrower, a joint venture between Houston-based Midway Cos. and Chicago-based Harrison Street, through an affiliate of Granite Point Mortgage Trust Inc.

February 20, 2019

Development Illinois Midwest Office

J.C. Anderson Completes Renovations of Schaumburg Corporate Center in Suburban Chicago

by Kristin Harlow February 20, 2019

SCHAUMBURG, ILL. — J.C. Anderson has completed renovations of Schaumburg Corporate Center in suburban Chicago. GlenStar Properties owns the 1 million-square-foot office complex. The project included a new tenant lounge, conference center, management office and renovations to the fitness center, atrium, flooring and painting. J.C. Anderson also connected a stairway from the first-floor atrium to the lower-level fitness center. Wright Heerema Architects provided architectural services. Schaumburg Corporate Center was originally constructed in the 1980s.

February 20, 2019

Acquisitions Retail Texas

STRIVE Negotiates Sale of 69,651 SF Retail Center in Metro Fort Worth

by Taylor Williams February 20, 2019

FOREST HILLS, TEXAS — Dallas-based retail brokerage firm STRIVE has negotiated the sale of Forest Hills Village, a 69,651-square-foot retail center located on the southern outskirts of Fort Worth. Anchored by a Foodland Markets grocery store, the property was 100 percent occupied at the time of sale. Jennifer Pierson of STRIVE represented the seller, a California-based investor, in the deal. A Dallas-area investor acquired the asset for an undisclosed price.

February 20, 2019

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