Property Type

Peterson Cos. Opens First Publix in Virginia

by Camren Skelton July 17, 2017

GLEN ALLEN, VA. — The Peterson Cos. has opened the first Publix in Virginia at Nuckols Place, a shopping center located at Nuckols Road and Twin Hickory Drive in Glen Allen, about 13 miles north of Richmond. Connie Jordan Nielsen and Alicia Farrell of Cushman & Wakefield | Thalhimer represented Peterson Cos. in the lease negotiations. In addition to Publix, Chipotle, Hair Cuttery, Lee Nails and PetValu joined the shopping center. Zaxby’s, Sedona Taphouse, MOD Pizza, GNC and Dynamic Dental will open their shops at Nuckols Place in the fall.

July 17, 2017

Florida Multifamily Southeast

Berkadia Arranges $20.3M Sale, Financing for Multifamily Property in Metro Tampa

by Camren Skelton July 17, 2017

LARGO, FLA. — Berkadia has arranged the $20.3 million sale of Columns at East Bay, a 196-unit multifamily community located at 3660 E. Bay Drive in Largo, roughly 20 miles west of Tampa. Jason Stanton, Cole Whitaker, Mary Beale and Greg Rainey of Berkadia marketed the property on behalf of the seller, ECI Group Inc. Berkadia’s Mitch Sinberg and Matthew Robbins secured a three-year, $17.8 million loan with interest-only payments through Freddie Mac’s Value-Add and Green-Up programs on behalf of the buyer, Insula Capital. Constructed in 1986, Columns at East Bay consists of 15 two-story buildings that include one- and two-bedroom units. Amenities include a resort-style swimming pool, clubhouse, lighted tennis court, playground, outdoor entertainment area, grills, recreational room and a car care center. The property was 94.4 percent occupied as of February 2017.

July 17, 2017

Alabama Hospitality Southeast

Hotel Equities Opens 161-Room Hotel on Alabama’s Gulf Coast

by Camren Skelton July 17, 2017

ORANGE BEACH, ALA. — Hotel Equities has opened Island House Hotel Orange Beach — a DoubleTree by Hilton hotel, located at 26650 Perdido Beach Blvd. in Orange Beach. The Atlanta-based company completed a multimillion-dollar renovation prior to opening. The 10-story, 161-room hotel features 6,000 square feet of meeting, ballroom and banquet space and is located on a private beach on Alabama’s Gulf Coast.

July 17, 2017

Hospitality Texas

DC Partners to Develop $116M, 167-Room Hotel in San Antonio

by Taylor Williams July 17, 2017

SAN ANTONIO — Houston-based DC Partners will develop The Thompson Riverwalk Hotel & Condos, a 167-room hotel in San Antonio that will feature 66 residential units in floors 12 through 19 known as The Arts Residences. San Antonio-based Universal Service Group will co-develop the 20-story property, which has an estimated cost of $116 million, according to local publication The Rivard Report. Amenities will include a rooftop bar and lounge and more than 6,900 square feet of meeting space.

July 17, 2017

Industrial Texas

Lollicup USA to Develop $50M Manufacturing Plant in Rockwall, Texas

by Taylor Williams July 17, 2017

ROCKWALL, TEXAS — Lollicup USA Inc., a Chino, Calif.-based producer and distributor of beverage and paper products, will develop a $50 million, 700,000-square-foot manufacturing facility in Rockwall, about 25 miles east of Dallas. The project is expected to create approximately 200 new positions. Construction is scheduled to begin by November, with completion slated for October 2018.

July 17, 2017

Industrial Texas

Burton Begins Work on 25-Acre Business Park in Houston

by Taylor Williams July 17, 2017

HOUSTON — Burton Construction has begun work on Lockwood Business Park, a 25-acre industrial park located at 13300 Lockwood Drive in Houston. The property will be part of the 4,000-acre Generation Park, which is owned by McCord Development. Energy equipment producer GHX Industrial LLC signed a 143,500-square-foot lease in June to become the park’s anchor tenant.

July 17, 2017

Loans Multifamily Texas

Westdale Receives $14.6M in Financing for Redevelopment of Dallas Lofts

by Taylor Williams July 17, 2017

DALLAS — Westdale Real Estate Investment and Management has received $14.6 million in debt financing for the redevelopment of Mid Elm Lofts, a 29-unit boutique apartment complex located at 1512-1516 Elm St. in Dallas. Justin Laub of Metropolitan Capital Advisors Ltd. arranged the construction financing through an undisclosed, Texas-based bank.

July 17, 2017

Industrial Texas

Stream Negotiates 78,847 SF Industrial Lease in Lewisville

by Taylor Williams July 17, 2017

LEWISVILLE, TEXAS — Stream Realty Partners has negotiated a 78,847-square-foot industrial lease at 301 Leora Lane in Lewisville. Blake Kendrick and Eric Crutchfield of Stream represented the landlord, EastGroup Properties. ESRP represented the tenant, Infinite Electronics Inc., an Irvine, Calif.-based supplier of engineering-grade wired and wireless connectivity products.

July 17, 2017

California Healthcare Western

JV Completes Construction of Adventist Health Medical Center Tehachapi Valley Hospital

by Nellie Day July 17, 2017

TEHACHAPI, CALIF. — A joint venture between Bernards and Colombo Construction has completed construction of the new $90 million Adventist Health Medical Center Tehachapi Valley hospital, the only critical-access remote facility within a 50-mile radius to the rural Tehachapi and Mojave communities. The acute care facility replaces an outdated hospital that no longer met California safety standards. The hospital includes medical/surgical beds, intensive care beds and an obstetrical unit (labor and delivery/post and ante partum), as well as a complete emergency services department, anesthesia services, a radiology/imaging center, a clinical laboratory, diabetic services space, a pharmacy and nearly 16,000 square feet for administrative offices. Public spaces include indoor/outdoor seating that flows into a healing and wellness garden. SWA Architects designed the project.

July 17, 2017

Colorado Loans Multifamily Seniors Housing Western

Walker & Dunlop Arranges $28.2M Construction Loan for 137-Unit Assisted Living Community in Monument

by Nellie Day July 17, 2017

MONUMENT, COLO. — Walker & Dunlop Inc. has structured a $28.2 million construction loan for Jackson Creek Senior Living, a 137-unit assisted living facility in Monument, located between Denver and Colorado Springs. The borrower is the project’s developer, an affiliate of CSI Construction. Scheduled to open in late 2018, Jackson Creek Senior Living will include a three-story, 128,600 square-foot building with 80 assisted living, 30 memory care and 27 independent living units. The asset is located on 6.4 acres of land. Ralph Lowen arranged the HUD loan at 90 percent of total replacement cost. The financing features 18 months of interest-only payments during the construction period, followed by a 40-year, fully amortizing permanent loan.

July 17, 2017

Newer Posts

Older Posts