Property Type

Mattiace Development to Open Phase II of Mixed-Use Project Near Jackson, Mississippi

by Alex Tostado April 2, 2019

RIDGELAND, MISS. — Mattiace Development Co. is expecting a fall opening for Phase II of Colony Park, a mixed-use development in Ridgeland. The second phase includes Malco Theaters’ six-screen, 25,000-square-foot boutique movie theater and a water feature. Outside the Lines (OTL) will design and construct the water fountain, which will feature 62 nozzles that will shoot water 35 feet high, audio, lighting and effects for a concert-quality experience. Colony Park is situated at 1000 Highland Colony Parkway, about 12 miles north of downtown Jackson.

April 2, 2019

Georgia Leasing Activity Office Southeast

WeWork Signs 40,000 SF Headquarters Lease in Midtown Atlanta

by Alex Tostado April 2, 2019

ATLANTA — WeWork has signed a four-story, 40,000-square-foot lease at 881 Peachtree St. in Midtown Atlanta and will relocate its headquarters from its 1372 Peachtree location. The space will house more than 680 desks for WeWork members. WeWork 881 Peachtree is part of 881 Peachtree Street, a 29-story mixed-use project that Hanover Co. and The Loudermilk Cos. are co-developing. 881 Peachtree will offer 44,000 square feet of office space and 11,000 square feet of retail space.

April 2, 2019

Development Multifamily Texas

Partnership Begins Leasing 17-Story Residential Tower at The Star in Frisco

by Taylor Williams April 2, 2019

FRISCO, TEXAS — A partnership between the Dallas Cowboys, former quarterback and developer Roger Staubach and Robert Shaw of Columbus Realty Partners, has begun leasing Twelve Cowboys Way. The 17-story, 160-unit residential tower overlooks The Star, the NFL team’s 91-acre headquarters campus in Frisco. Floor plans include one-, two- and three-bedroom units, with rates starting at $2,700 per month. Units will feature floor-to-ceiling windows, quartz countertops and hardwood floors. Residents will have access to a covered pool, members-only dining club and a 60,000-square-foot gym, as well as 24-hour concierge, dry cleaning, dog walking and grocery delivery services. O’Brien Architects designed the building, which will officially open in early 2020.

April 2, 2019

Acquisitions Multifamily Texas

Allied Orion Acquires 312-Unit Apartment Community in Houston

by Taylor Williams April 2, 2019

HOUSTON — Allied Orion Group has acquired Ashford Apartments, a 312-unit multifamily community located at 1200 N. Dairy Ashford Road in Houston. Built in 2017, the Class A property offers one- and two-bedroom units featuring granite countertops, custom backsplash options, upgraded cabinetry and built-in washers and dryers. Communal amenities include a pool, a two-story fitness center, outdoor grilling area, dog park, package lockers and electric vehicle charging stations. The seller was Trammell Crow Residential.

April 2, 2019

Loans Office Oklahoma Texas

JLL Arranges $48.6M Acquisition Loan for Tulsa Office Portfolio

by Taylor Williams April 2, 2019

TULSA, OKLA. — JLL has arranged a $48.6 million acquisition loan for a portfolio of nine office buildings totaling more than 1 million square feet in Tulsa’s southern submarkets. Adam Schwartz, Aaron Appel, Keith Kurland, Jonathan Schwartz, Matt Collins and Sean Bastian of JLL placed the loan through Citigroup Inc. on behalf of the borrower, Group RMC, a New York-based office investment firm.

April 2, 2019

Leasing Activity Retail Texas

Retail Solutions Negotiates 15,606 SF Lease in Austin

by Taylor Williams April 2, 2019

AUSTIN, TEXAS — Retail Solutions has negotiated a 15,606-square-foot lease at Riverside Plaza, located at 2237 Riverside Drive in Austin. Dave Burggraaf and Joey Mendez of Retail Solutions represented the landlord in the lease negotiations. Greg Pierce of CBRE represented the tenant, Ace Mart Restaurant Supply.

April 2, 2019

Acquisitions Healthcare Retail Texas

J. Beard Brokers Sale of 11,000 SF Medical Retail Building in Metro Houston

by Taylor Williams April 2, 2019

TOMBALL, TEXAS — The J. Beard Real Estate Co. has brokered the sale of Preserve Plaza, an 11,000-square-foot medical retail building in Tomball, a northern suburb of Houston. Lisa Hughes and Cathy Young of J. Beard represented the seller, EPB Land Developments LP, in the transaction. Duke Iqbal of IQ Realty Group represented the buyer, Spectre Innovations LLC. The property is currently leased to a dental practice, and the new owner will occupy the remaining space

April 2, 2019

Development Illinois Midwest Multifamily

Hines, McCaffery Interests Open 538-Unit Apartment Property in Chicago

by Kristin Harlow April 2, 2019

CHICAGO — Hines and McCaffery Interests have opened The Apartments at Lincoln Common, a 538-unit apartment property on Lincoln Avenue in Chicago. Skidmore, Owings and Merrill and Antunovich Associates designed the two-tower property, which features one-, two- and three-bedroom units as well as penthouses. Amenities include a coworking lounge, game room, clubroom, fitness center, yoga studio, 20th-floor rooftop lounges and concierge services. Monthly rents start at $1,814 for studios.

April 2, 2019

Development Industrial Iowa Midwest

R&R Realty Completes 300,000 SF Warehouse in Grimes, Iowa

by Kristin Harlow April 2, 2019

GRIMES, IOWA — R&R Realty Group has completed a 300,000-square-foot speculative warehouse in Grimes, 16 miles northwest of Des Moines. Known as Prairie III, the building is the most recent addition to Prairie Business Park, an 800,000-square-foot development located near the intersection of Highway 141 and I-80. Two other warehouses have been completed and a fourth is planned. Each building has a clear height of 32 feet and an ESFR system.

April 2, 2019

Acquisitions Illinois Midwest Office

Marcus & Millichap Negotiates $10.6M Sale of Office Building in Evanston, Illinois

by Kristin Harlow April 2, 2019

EVANSTON, ILL. — Marcus & Millichap has negotiated the sale of 820 Davis St., a 76,239-square-foot office building in Evanston, for $10.6 million. The five-story building is located four blocks south of Northwestern University. Stephen Lieberman of Marcus & Millichap marketed the property on behalf of the seller, a North Shore-based private family that had owned the property for nearly 20 years. Lieberman also procured the buyer, Free Market Ventures, a Chicago-based private investment group. The buyer plans to do an extensive renovation and modernization of the building.

April 2, 2019

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