Property Type

Ryan Cos., Grand Living Start Construction of $50M Seniors Housing Community in Sarasota, Florida

by Camren Skelton March 14, 2018

SARASOTA, FLA. — Ryan Cos. US Inc. and its partner Grand Living have started construction of Grand Living at Lakewood Ranch, a 172-unit independent living and assisted living community in Sarasota. The community is the third Florida partnership between the two companies. Development costs are estimated at $50 million. Grand Living at Lakewood Ranch will be located within the Lakewood Ranch master-planned development, near a new supermarket and a polo club. Ryan A+E is providing architectural services, and Grand Living will operate the community upon completion. A sales center is scheduled to open at the site in the fall. A construction timeline was not released.

March 14, 2018

Georgia Industrial Southeast

Marcus & Millichap Brokers $35.3M Sale of FedEx Freight Center in Atlanta

by Camren Skelton March 14, 2018

ATLANTA — Marcus & Millichap has brokered the $35.3 million sale of a FedEx Freight facility located at 4400 International Parkway in Atlanta, a half-mile from Hartsfield-Jackson Atlanta International Airport. The 292,000-square-foot facility is situated on 50 acres and was constructed in 1997. Todd Harrell of Marcus & Millichap arranged the transaction on behalf of the undisclosed seller and procured the buyer, a private equity real estate operator. Harrell also arranged the sale of a second FedEx Freight center in Marcus Hook, Penn., on behalf of the same buyer and seller. The 150,000-square-foot facility sold for $15.4 million.

March 14, 2018

Industrial South Carolina Southeast

SunCap Acquires 30 Acres in North Charleston for 375,000 SF Industrial Campus

by Camren Skelton March 14, 2018

NORTH CHARLESTON, S.C. — SunCap Property Group has acquired 30 acres within Palmetto Commerce Parkway in North Charleston with plans to develop a new industrial campus. The project, dubbed Palmetto Trade Center, will accommodate two buildings totaling 375,000 square feet. The property is located roughly 17 miles northwest of the Port of Charleston. Palmetto Trade Center I will total 141,000 square feet and is scheduled to break ground in May. McMillan Pazdan Smith is the project architect, and CBRE’s Charleston office will handle the campus’ leasing assignment. The project marks SunCap’s third project in the Charleston area since the company’s inception in 2009.

March 14, 2018

Florida Restaurant Retail Southeast

Miller Construction Underway on $2.6M Food Hall Project in Miami Beach

by Camren Skelton March 14, 2018

MIAMI BEACH, FLA. — Miller Construction Co. is underway on Lincoln Eatery, a 9,600-square-foot food hall located on the ground floor of a Marshalls-anchored building at 723 N. Lincoln Lane in Miami Beach. Terranova Corp. leases and manages the building, which is owned by PPF 723 Lincoln Lane LLC. Architecture firm Arquitectonica is designing the $2.6 million project, which will feature 16 fast-casual restaurants, juice bars and artisanal coffee tenants. Lincoln Eatery will feature triangular beams in the ceiling design and full-height glass along the front of the building with streetscape views. Lincoln Eatery is expected to open in November.

March 14, 2018

Midwest Missouri Retail

Four Retailers Open Stores at $136M Belton Gateway in Missouri

by Kristin Harlow March 14, 2018

BELTON, MO. — Marshalls, Party City, Petco and Five Below have opened as part of Belton Gateway’s second phase of construction. The $136 million, 47-acre mixed-use development is located west of Interstate 49 in Belton, about 20 miles south of Kansas City. Ross Dress for Less is scheduled to open later this spring. Developed by Christie Development, the property includes an Academy Sports + Outdoors and a Hobby Lobby as part of Phase I.

March 14, 2018

Industrial Leasing Activity Midwest Ohio

Stonecrop Technologies Signs 527,127 SF Industrial Lease Near Columbus, Ohio

by Kristin Harlow March 14, 2018

COLUMBUS, OHIO — Stonecrop Technologies has signed a 527,127-square-foot industrial lease to fully occupy a building located at 3500 Southwest Blvd. in Grove City, about 10 miles south of Columbus. The wireless systems deployment company will occupy the space for three years. Michael Linder of Colliers International brokered the lease transaction, according to Columbus Business First. Plymouth Industrial REIT Inc. owns the property and recently announced a new regional office in Columbus to serve its properties in Ohio and Indiana.

March 14, 2018

Industrial Leasing Activity Midwest Wisconsin

Founders 3 Negotiates 51,700 SF Industrial Lease in Brookfield, Wisconsin

by Kristin Harlow March 14, 2018

BROOKFIELD, WIS. — Founders 3 has negotiated a 51,700-square-foot industrial lease for The Community Warehouse Inc. in Brookfield, a suburb of Milwaukee. The property is located at 4837 W. Woolworth Ave. Joe Carollo of Founders 3 represented the landlord, Woolworth Development Group LLC, in the lease transaction. The tenant is a nonprofit, faith-based organization that offers home and facility improvement materials to individuals, businesses and organizations in Milwaukee’s Community Block Grant Development Zone.

March 14, 2018

Leasing Activity Midwest Missouri Retail

FFO Home Opens 35,000 SF Store in St. Joseph, Missouri

by Kristin Harlow March 14, 2018

ST. JOSEPH, MO. — FFO Home has opened a new 35,000-square-foot store in St. Joseph, which is located in northwestern Missouri. The Arkansas-based company will occupy the space in the former Big Bob’s Outlet store at 3715 N. Belt Highway. Tony DeTommaso and Mark McConahay of Block & Co. Inc. Realtors represented the landlord, BB St. Joe LLC, in the lease transaction. FFO Home, originally known as Furniture Factory Outlet, has nearly 50 stores in seven states.

March 14, 2018

Colorado Multifamily Western

Besyata Investment, The Scharf Group Purchase Apartment Community in Denver for $65.5M

by Amy Works March 14, 2018

DENVER, COLO. — Besyata Investment Group and The Scharf Group have acquired One Dartmouth Place, an apartment community located in Southeast Denver, for $65.5 million. The seller was not disclosed. BH Management will handle the day-to-day property management and leasing of the 418-unit property.

March 14, 2018

Multifamily Seniors Housing Washington Western

Wolff Plans 152-Unit Seniors Housing Community Near Seattle

by Amy Works March 14, 2018

KIRKLAND, WASH. — The Wolff Company, an Arizona-based developer, has announced plans for Revel Kirkland, a 152-unit independent living community for seniors in the Seattle suburb of Kirkland. The five-story property will be located on the 12-acre site that formerly was home to LifeBridge Church. The project is scheduled for completion in 2019. Revel Kirkland is the 10th senior living community that The Wolff Company has developed since 2016. In 2018, the company plans to invest $300 million to $400 million annually in the development of new independent and assisted living communities, in addition to acquisitions.

March 14, 2018

Newer Posts

Older Posts