VANCOUVER, WASH. — Parkview Financial has secured a $16.2 million loan for a 124-unit multifamily development in Vancouver. The community is being developed along 134th Street.
DENVER — Fidelity National Title Group (FNTG) has opened its newest National Commercial Services (NCS) division in Colorado. This division will combine the resources of several FNTG commercial brands under one roof, including Chicago Title, Fidelity National Title, Commonwealth Land Title and Heritage Title. The NCS Colorado division will be led by senior vice presidents Tony Matlock, Lance Capel, Darren Hone and Stephanie Taylor. Fidelity National Financial is the parent company to National Commercial Services, Colorado. It provides title insurance, mortgage services and diversified services.
DALLAS — Marcus & Millichap has brokered the sale of Villas Del Lago Apartments, an apartment community located at 2911 Clydedale Drive in Dallas’ Bachman Lake neighborhood. Overmore LLC acquired the 248-unit property in a 1031 exchange transaction. Constructed in 1974 and renovated in 2015, the property was 98 percent occupied at the time of sale. Mark Allen and Sevak Keshishian of Marcus & Millichap represented the seller, a Dallas-based syndication group led by Jean-Marc Landau, and procured the buyer in the deal. Tim Speck of Marcus & Millichap was the firm’s broker of record in Texas.
ARLINGTON, TEXAS — Arlington-based 180 Multifamily Capital LLC has acquired Collins Park, an apartment community located in Arlington, for an undisclosed price. Renamed Las Palmas, the property features 262 residential units. The buyer has started a full exterior and interior renovation on the property. The name of the seller was not released.
HOUSTON — EDGE Capital Markets has brokered the acquisition of Art Square Center, a mixed-use building located at 4118 Fannin St. in Houston. Kline Ventures acquired the 38,549-square-foot property from Fannin VP for an undisclosed price. The building features a mix of retail, studio and residential space. Josh Jacobs and Burdette Huffman of EDGE Capital Markets represented the buyer in the transaction.
GRAPEVINE, TEXAS — Lykes Cartage Co., a shipping and delivery company, has leased 27,062 square feet of distribution and warehouse space within DFW Global Logistics Centre, located at 1200 Mustang Drive in Grapevine. Susan Singer of Bradford Commercial Real Estate Services and Russell Todd of Centric Commercial represented the tenant, while Steve Koldyke and Kacy Jones of CBRE represented the landlord, LIT Industrial LP, in the transaction.
PFLUGERVILLE, TEXAS — Davita Healthcare has leased 6,920 square feet of healthcare space at Pecan Street Marketplace, located at 2600 FM 1825 in Pflugerville. Trevor Williams of Retail Solutions represented the undisclosed landlord, while Ted Doucet of Cushman & Wakefield represented the tenant in the deal.
TAMPA, FLA. — NorthMarq Capital has arranged a $31.5 million construction loan for Cortona South Tampa, a 300-unit multifamily property located at 5145 S. Dale Mabry Highway in Tampa. The gated development will feature a two four-story apartment buildings and 20 two-story townhome buildings, as well as a 6,000-square-foot clubhouse with a resort-style swimming pool and recreation areas. Robert Hernandez of NorthMarq Capital’s Tampa office arranged the 3-year loan with a two-year extension option through a regional bank. The loan features interest-only payments for the primary term and a 25-year amortization schedule for the extension.
COLUMBIA, MD. — Kimco Realty Corp. has completed the $18.1 million redevelopment of Wilde Lake Village Center, a mixed-use development in Columbia that features 230 residential rental units, 30,000 square feet of office space, 41,000 square feet of retail space and 20,000 square feet of restaurants. As part of the redevelopment, Kimco is remerchandising the center and has recently executed leases with three tenants. Starbucks Coffee is opening both a café and a drive thru in the fall, Dynamic Dental Care LLC opened in December and Salons by JC is scheduled to open early this fall above David’s Natural Market.
WASHINGTON, D.C. — Trammell Crow Co. (TCC) and its joint venture partners have signed the Department of General Services (DGS) of the District of Columbia to a long-term lease for office space at Sentinel Square II, a 280,000-square-foot office building located at 1050 First St. N.E. in Washington, D.C.’s NoMa district. The DGS signed the 164,110-square-foot lease on behalf of the District’s Office of State Superintendent of Education and Department of Insurance, Securities and Banking. Both departments will move into the first eight floors of Sentinel Square II by November. The office building is owned by a joint venture between TCC, Cottonwood Partners and a subsidiary of a private real estate fund advised by Crow Holdings Capital-Real Estate. Sheryl Ellison Ponds and Robert Cooper of DGS, along with Bill Quinby, Tim Foley and David Cornbrooks of Savills Studley, represented DGS in the lease transaction.