Property Type

Franklin Street Brokers $16.9M Sale of Multifamily Community in Orlando

by Camren Skelton April 23, 2018

ORLANDO, FLA. — Franklin Street has brokered the $16.9 million sale of CaSienna Apartments, a 160-unit multifamily community located at 5703 Stoneridge Court in Orlando. Robert Goldfinger, Darron Kattan, Kevin Kelleher and Zachary Ames of Franklin Street arranged the transaction on behalf of both the seller, SR Apartments LLC, and the buyer, an undisclosed partnership. CaSienna Apartments was constructed in 1972 and 1973 and comprises 16 one- and two-story buildings. Community amenities include two swimming pools, a clubhouse, tennis courts, a playground and extra storage space for residents.

April 23, 2018

Acquisitions Florida Office Southeast

SVN Alliance Arranges $11.5M Sale of Office Portfolio in Daytona Beach

by Camren Skelton April 23, 2018

DAYTONA BEACH, FLA. — SVN Alliance has arranged the $11.5 million sale of a four-building office portfolio in Daytona Beach. Chris Butera, Carl Lentz IV, John Trost and Tim Davis of SVN Alliance arranged the transaction on behalf of the buyer, an undisclosed private investor, and the seller, Consolidated Tomoka Land Co. The portfolio included the two-story Concierge building located at the northeast corner of LPGA Boulevard and Williamson Boulevard, two buildings within Mason Commerce Center and a building within Williamson Business Park. Consolidated Tomoka developed the buildings between 2008 and 2014. The portfolio was fully leased at the time of sale.

April 23, 2018

Acquisitions Hospitality Southeast Virginia

MCR Buys Marriott-Branded Hotel Near Richmond for $10.9M

by Camren Skelton April 23, 2018

GLEN ALLEN, VA. — MCR has acquired the 136-room SpringHill Suites by Marriott Richmond North Glen Allen for $10.9 million. The hotel is located at the intersection of Interstates 295 and 95 in Glen Allen, roughly 13 miles north of Richmond. The hotel features an indoor pool, fitness center, complimentary Wi-Fi, 300 square feet of meeting space, a 24-hour business center and a 24-hour market. MCR is the seventh largest hotel owner-operator in the country and has invested in and developed 102 hotel properties in 26 states spanning more than 12,000 rooms.

April 23, 2018

Acquisitions Industrial Office South Carolina Southeast

Ziff Properties Acquires Flex Office Park in Greenville for $5.2M

by Camren Skelton April 23, 2018

GREENVILLE, S.C. — Ziff Properties has acquired Garlington Park in Greenville for $5.2 million. The four-building business park comprises office, flex and warehouse space and totals 119,734 square feet. Land Development Inc. sold the property, and The Whitmire Co. and SVN BlackStream arranged the transaction. The buildings were constructed between 2001 and 2008. Garlington Park is home to tenants such as Grey Eagle Traders, Pompeii Motorsports and Fabrico Inc.

April 23, 2018

Healthcare Loans Midwest Ohio

KeyBank Arranges $118.7M Financing for Medical Office Portfolio

by Kristin Harlow April 23, 2018

CLEVELAND — Cleveland-based KeyBank Real Estate Capital has arranged $118.7 million in financing for a 20-property medical office portfolio located across 12 states. The borrower, Healthcare Trust Inc., will use the loan to refinance existing debt, facilitate new acquisitions and for general corporate purposes. Charlie Shoop and Joe DeRoy of KeyBank arranged the 10-year loan, which features a fixed interest rate of 4.5 percent. Details of the lender and the properties were not disclosed.

April 23, 2018

Development Hospitality Indiana Midwest

Embassy Suites by Hilton Opens in Noblesville, Indiana

by Kristin Harlow April 23, 2018

NOBLESVILLE, IND. — Embassy Suites by Hilton has opened in Noblesville, just north of Indianapolis. Owned and managed by Sun Development and Management, the hotel features 198 suites and more than 29,000 square feet of meeting space. Each suite includes complimentary Wi-Fi, a large high-definition television, sofa bed, microwave, mini refrigerator, coffeemaker and workspace. The Local Kitchen and Tap is the property’s on-site restaurant. Additional amenities include a fitness center, 24-hour market, indoor pool, business center and hotel shuttle. Nearby attractions include Hamilton Town Center, Ruoff Home Mortgage Music Center, Edge Adventure Parks, the Conner Prairie Living History Museum, and the Palladium at the Center for the Performing Arts.

April 23, 2018

Illinois Midwest Multifamily

Outlook Management Group to Manage 105-Unit Luxury Apartment Property in Chicago

by Kristin Harlow April 23, 2018

CHICAGO — Outlook Management Group LLC has begun managing Seven 10 West, a luxury apartment property in Chicago’s River West neighborhood. Developed this year by Outlook Development and Wicker Park Apartments, the 105-unit luxury apartment building is located at 710 W. Grand Ave. The property features 5,000 square feet of ground-floor retail space. Amenities include a fitness center, rooftop patio, kitchen space and bike storage.

April 23, 2018

Acquisitions Illinois Midwest Retail

SVN Brokers $2.4M Sale of Two Properties Occupied by Dollar General in Illinois

by Kristin Harlow April 23, 2018

SHEFFIELD AND STREATOR, ILL. — SVN | Chicago Commercial has brokered the sale of two properties occupied by Dollar General in Illinois for a combined $2.4 million. One property is located at 435 Railroad St. in Sheffield and the other is situated at 110 E. Livingston Road in Streator. Deena Zimmerman of SVN represented the buyer, who has now purchased six Dollar Stores within 16 months. The seller was not disclosed.

April 23, 2018

Acquisitions Illinois Industrial Midwest

Darwin Brokers Sale of 5,000 SF Industrial Building in Franklin Park, Illinois

by Kristin Harlow April 23, 2018

FRANKLIN PARK, ILL. — Darwin Realty has brokered the sale of a 5,000-square-foot industrial building in Franklin Park for an undisclosed price. The property is located at 9129 Belden Ave. Amish Farmers, an organic foods retailer, purchased the property with expansion plans. The company, which sells meats, produce and other groceries, will use the property for warehouse space to supplement its retail outlet. Rollo Dace of Darwin represented the seller, Carbonara Enterprises.

April 23, 2018

Development Industrial Texas

Lonestar Breaks Ground on 140-Acre Industrial Park in Plainview, Texas

by Taylor Williams April 23, 2018

PLAINVIEW, TEXAS — Lonestar Dirt & Paving has broken ground on The Plainview-Hale County Business Park, a 140-acre industrial development in Plainview, a city in West Texas roughly midway between Lubbock and Amarillo. The rail-served site, which is located along the Interstate 27 corridor, formerly housed a beef packing plant that closed in 2013. The timetable for completion of the project, which officially broke ground on Monday, April 23, is nine months.

April 23, 2018

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