Property Type

Crow Holdings to Develop 530,000 SF Industrial Facility in North Houston

by Taylor Williams October 18, 2018

HOUSTON — Dallas-based Crow Holdings Industrial has purchased 45 acres in north Houston for the development of Layne Crossing, a 530,000-square-foot industrial project that will encompass six buildings ranging in size from 56,400 to 174,000 square feet. Building features will include 24- to 32-foot clear heights, large truck courts and ample trailer storage. The groundbreaking of Layne Crossing is scheduled for January and delivery is slated for the fourth quarter of 2019. Richard Quarles and Bubba Harkins of JLL represented the seller of the land, Dallas-based Sarofim Realty Advisors. Cory Driskill and Travis Covington represented Crow Holdings Industrial internally.

October 18, 2018

Acquisitions Industrial Self-Storage Texas

Strategic Storage Trust Acquires Self-Storage Portfolio Totaling 3,600 Units in Houston Area

by Taylor Williams October 18, 2018

HOUSTON — Strategic Storage Trust IV, a self-storage REIT sponsored by SmartStop Asset Management LLC, has acquired a portfolio of six properties totaling approximately 3,600 units and recreation vehicle spaces in the greater Houston area. The properties were built between 2002 and 2007 and offer a total of roughly 483,000 net rentable square feet. Nick Walker, John Fenoglio and Trevor Roberts of CBRE represented the seller, Metro Mini Storage, in the transaction.

October 18, 2018

Development Office Texas

AQUILA Nears Completion of 225,000 SF Spec Office Building in Austin

by Taylor Williams October 18, 2018

AUSTIN, TEXAS — AQUILA Commercial is nearing completion of The Preserve at 620, a 225,000-square-foot speculative office building located at 8201 North FM 620 in northwest Austin. The single-story building is slated to be complete before year’s end and has roughly 185,000 square feet still available for lease. Amenities at The Preserve at 620 include a fitness center, sports court and open courtyard spaces. Tech firm Innovative Aftermarket Systems (IAS) has preleased 40,000 square feet at the property.

October 18, 2018

Development Industrial Texas

Hillwood Breaks Ground on 75,000 SF Hangar Facility at Fort Worth Alliance Airport

by Taylor Williams October 18, 2018

FORT WORTH, TEXAS — Hillwood has broken ground on a 75,000-square-foot hangar facility at Fort Worth Alliance Airport for aviation defense firm Airborne Tactical Advantage Co. (ATAC). The facility will support pilot training and professional development in addition to aircraft maintenance. The project is expected to be complete by summer 2019 and could employ as many as 200 personnel.

October 18, 2018

Development Multifamily Seniors Housing Texas

KWA Completes 243-Unit Seniors Housing Community in Metro Dallas

by Taylor Williams October 18, 2018

ALLEN, TEXAS — KWA Construction has completed Larkspur at Twin Creeks, a 243-unit seniors housing community situated on eight acres in the northeastern Dallas metro of Allen. California-based Drever Capital Management and Dallas-based The Alder Group developed the property, which offers 18,000 square feet of amenity space, including a fitness center, crafts studio, game room and private wine lockers. Plano-based Architettura designed the project.

October 18, 2018

Development Illinois Industrial Midwest

Green Bay Packaging to Expand Operations in Illinois With 170,000 SF Complex

by Kristin Harlow October 18, 2018

DOWNERS GROVE, ILL. — Green Bay Packaging (GBP) has broken ground on a new 170,000-square-foot industrial complex in Downers Grove. The building will house a high-tech design department and enable the packaging company to expand warehouse capabilities. A timeline for construction was not disclosed. The Green Bay, Wis.-based company has manufacturing facilities in 14 states.

October 18, 2018

Illinois Industrial Leasing Activity Midwest

Concept Laboratories Signs 119,388 SF Industrial Lease in Chicago

by Kristin Harlow October 18, 2018

CHICAGO — Concept Laboratories Inc. has signed a 119,388-square-foot industrial lease at 4920 S. Central Ave. in Chicago. The designer and manufacturer of personal care and household products will relocate from 83,091 square feet at 4404 W. Ann Lurie Place when the lease commences in February 2019. The property on Central Avenue spans 461,750 square feet and includes 20 exterior docks, 12 interior docks and direct access to I-55. Mike Senner and Ned Frank of Colliers International represented the tenant in the lease transaction. Matt Mulvihill, Mitch Adams and Cal Payne of CBRE represented the landlord, Combined Warehouse Co.

October 18, 2018

Acquisitions Illinois Industrial Midwest

Entre Arranges Sale of 65,000 SF Flex Office Building in McHenry, Illinois

by Kristin Harlow October 18, 2018

MCHENRY, ILL. — Entre Commercial Realty LLC has arranged the sale of a 65,000-square-foot flex office building in McHenry for an undisclosed price. The property is located at 1391 Corporate Drive. Mike DeSerto and Dan Jones of Entre represented the undisclosed seller. The buyer, Papazyan Capital Group, plans to utilize a portion of the building for its own use while subdividing and leasing up other portions as small as 3,000 square feet.

October 18, 2018

Leasing Activity Midwest Minnesota Office

Merchant & Gould to Relocate Minneapolis Office

by Kristin Harlow October 18, 2018

MINNEAPOLIS — Merchant & Gould, a full-service intellectual property law firm, has unveiled plans to relocate its Minneapolis office from the IDS Center to Fifth Street Towers. The firm will occupy 40,246 square feet on the 21st and 22nd floors beginning in August 2019. Paul Donovan, Jaclyn May and Jeremy Striffler of Cushman & Wakefield represented the tenant in the lease transaction. Jennifer Stumm of Cushman & Wakefield will oversee the buildout of the space on the client’s behalf.

October 18, 2018

Illinois Loans Midwest Multifamily

NorthMarq Arranges $8M Refinancing for Apartment Property in Vernon Hills, Illinois

by Kristin Harlow October 18, 2018

VERNON HILLS, ILL. — NorthMarq Capital has arranged $8 million in refinancing for Emerald Pointe Apartments in Vernon Hills, a northern suburb of Chicago. The 120-unit apartment property is located at 695 Westmoreland Drive. Brett Hood of NorthMarq arranged the fixed-rate Fannie Mae loan, which features a seven-year term.

October 18, 2018

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