Property Type

Rocky Crest Enterprises Buys 28-Acre Site Near Denver for New Industrial Project

by Nellie Day March 15, 2017

DENVER — Rocky Crest Enterprises LLC has purchased 28 acres of land in the northern Denver submarket of Commerce City for $3.1 million. The land is located at 10600 Havana St. Rocky Crest plans to construct a 30,000-square-foot, multi-tenant industrial building with outside storage at the site. The LLC has also secured a lease for 10 acres with logistics firm Denver Intermodal Express. The firm plans to use the site for small office use, trailer storage and its grain operation. There are no current industrial developments underway in the immediate area, according to NGKF’s Russell Gruber, who represented Rocky Crest in the transaction. The acquisition also represents one of the largest land sales in the area since 2007. Construction is expected to commence in the third quarter of 2017, with completion scheduled for early 2018.

March 15, 2017

Colorado Office Western

Origin Investments, Hamilton-Titan Partners Revitalize, Rebrand Denver Corporate Center I

by Nellie Day March 15, 2017

DENVER — A joint venture between Origin Investments and Hamilton-Titan Partners have completed the multi-million-dollar renovation and rebranding of Denver Corporate Center I. The 193,718-square-foot office building is now known as the Office @ dtc. It is located at 4700 S. Syracuse St. within the Denver Tech Center. The building was originally constructed in 1980. The JV renovated the lobby and added collaborative spaces, as well as upscale amenities, to the project. New amenities include a fitness center with country club-style locker rooms, secured bike storage, a Craft deli serving breakfast and lunch, a tenant social lounge, and a conference room and training center.

March 15, 2017

Office Texas

HSM Brokers Sale of Former AT&T Call Center in Fort Worth

by Taylor Williams March 15, 2017

FORT WORTH, TEXAS — Henry S. Miller Brokerage Co. has closed the sale of a 64,292-square-foot, two-story building located at 15100 FAA Blvd. in Fort Worth. An AT&T call center most recently occupied the Class B office property, which is part of CentrePoint Business Park near Airport Freeway and the President George Bush Turnpike. Jim Turano and Lily Chang of HSM represented the seller, Lindy-Zell AT&T Texas LLC. The representative of the buyer, CCI-15100 FAA, and the sales price were not disclosed.

March 15, 2017

Office Texas

Younger Partners Arranges Three Office Leases in North Dallas

by Taylor Williams March 15, 2017

DALLAS — Younger Partners has negotiated three office leases totaling roughly 5,000 square feet at One Stratford Park, an office building located at 18383 Preston Road in north Dallas. Included among the new tenants is forensics consulting firm ProNet Group Inc., which leased 1,969 square feet, and Tilford Ltd, which leased 1,962 square feet. Sean Dalton and Byron McCoy of Younger Partners represented the landlord in all three deals. The three leases bring One Stratford Park to full occupancy.

March 15, 2017

Industrial Texas

Bradford Commercial Arranges 30,000 SF Industrial Sublease in Arlington

by Taylor Williams March 15, 2017

ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has negotiated a 30,000-square-foot industrial sublease in 360 Mayfield Business Center, located at 3460 S. Watson Road in Arlington. Michael Spain of Bradford represented the sublessor, consulting firm Anew Business Solutions Inc., and Shane Clark of PSC Consulting Services represented the sublessee.

March 15, 2017

Hospitality Oklahoma Texas

MCR Completes Renovation of 102-Room Hotel in Tulsa

by Taylor Williams March 15, 2017

TULSA, OKLA. — MCR has finished exterior renovations of the Hampton Inn & Suites Tulsa-South Bixby, a 102-room, select-service hotel located at 8220 S. Regal Blvd. next to the Spirit Bank Event Center in Tulsa. The renovations included the additions of new fencing, signage and patio lounge furniture, as well as a fresh paint job.

March 15, 2017

Florida Industrial Southeast

Bridge Development Partners Sells Two Industrial Assets in South Florida for $53M

by John Nelson March 15, 2017

FORT LAUDERDALE, FLA. — Bridge Development Partners has sold two Class A industrial buildings in South Florida totaling nearly 400,000 square feet for $53 million. The assets include Bridge Point Davie in south Broward County and Bridge Point Crossroads West in northwest Miami-Dade County. Chris Riley, Christian Lee and Jose Antonio Lobon of CBRE represented Bridge Development Group in the sale to an unnamed institutional investment management firm. Built in the second quarter of 2015, the 145,800-square-foot Bridge Point Davie was fully leased at the time of sale to tenants such as Pet Supermarkets and Challenge Warehouse. Steve Wasserman and David Wigoda of JLL managed the leasing assignment for the asset on behalf of Bridge Development. Built in the third quarter of 2016, the 243,300-square-foot Bridge Point Crossroads West was nearly 90 percent leased at the time of sale to tenants such as Ace Transport and Pas Cargo. Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield marketed the asset on behalf of Bridge Development.

March 15, 2017

North Carolina Southeast Student Housing

UNC Asheville to Build $33.8M On-Campus Student Housing Community

by John Nelson March 15, 2017

ASHEVILLE, N.C. — The University of North Carolina at Asheville is set to break ground on a $33.8 million, 300-bed on-campus student housing community. The six-building development will feature four-, five- and six-bedroom units with full kitchens. The sixth building will offer a multipurpose room and visitor’s center, fitness center and an apartment for the community director. Adjacent parking is also planned as part of the project. Construction will begin this spring.

March 15, 2017

Mixed-Use Retail Southeast Tennessee

The Shopping Center Group Arranges Five Leases at 1.5 MSF Crosstown Concourse in Memphis

by John Nelson March 15, 2017

MEMPHIS, TENN. — The Shopping Center Group has arranged leases with five new tenants at Crosstown Concourse, a 1.5 million-square-foot mixed-use development in midtown Memphis. The project is a redevelopment of a former Sears distribution center constructed in 1927. The new retailers and restaurants joining the tenant lineup include Farm Burger, Area 51 Ice Cream, MEMPOPS, SunTrust Bank and Gloss Nail Bar. Existing tenants include Kitchen Next Door, FedEx Office, Crosstown Brewing Co., Curb Market, I Love Juice, Mama Gaia, French Truck Coffee, Madison Pharmacy, So Nuts and Confections and Hope Credit Union. Crosstown Concourse features 620,000 square feet of commercial and office space, 265 residential units and 65,000 square feet of first-floor retail space. Shawn Massey led The Shopping Center Group is leasing Crosstown Concourse’s retail portion on behalf of the ownership group, Crosstown Building Owner Master Tenant LLC.

March 15, 2017

Mississippi Multifamily Southeast

SVN Multi-Family Group Brokers $11.5M Sale of Apartment Community in Biloxi

by John Nelson March 15, 2017

BILOXI, MISS. — SVN Multi-Family Group has brokered the $11.5 million sale of Lexington Apartments, a 190-unit multifamily community located in Biloxi. Built in 1995, the property comprises 11 mid-rise residential buildings with an average unit size of 809 square feet. Community amenities include a resort-style swimming pool, grilling and picnic areas, business center with free Wi-Fi access, fire pit, controlled-access gates and concierge services. A private Northeastern real estate investor purchased Lexington Apartments from Beverly Hills, Calif.-based based Latitude Real Estate Investors for $60,526 per unit. Andrew Agee of SVN represented both the buyer and the seller in the transaction.

March 15, 2017

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