Property Type

NorthPoint Capital Arranges $65.5M Loan for Refinancing of Industrial Portfolio in Indiana

by Kristin Harlow July 25, 2017

INDIANAPOLIS, PORTAGE AND SOUTH BEND, IND. — NorthPoint Capital Funding Inc. has arranged a $65.5 million loan for the refinancing of a 15-property industrial portfolio in Indiana and Tennessee. The assets are located in Indianapolis, Portage and South Bend, Indiana, as well as Nashville. A mix of 36 tenants specializing in manufacturing or warehouse and distribution occupy the properties. The 10-year loan enabled the borrower, Holladay Properties, to retire multiple bank loans while forming a new entity that can be used to guarantee the financing of future development projects. AIG provided the loan.

July 25, 2017

Industrial Kansas Midwest

Horizon Global to Open 512,000 SF Industrial Facility at LPKC in Edgerton, Kansas

by Kristin Harlow July 25, 2017

EDGERTON, KAN. — Horizon Global has unveiled plans to open a 512,000-square-foot distribution facility in Logistics Park Kansas City (LPKC) in Edgerton. Construction is nearing completion on the facility, which is expected to create more than 120 new jobs. Horizon Global’s new home will be located in Inland Port XXXII. NorthPoint Development serves as the master developer for LPKC, a 1,700-acre master-planned distribution and warehouse development anchored by BNSF Railway’s newest intermodal facility. Since opening in 2013, LPKC is now home to more than 11 million square feet of warehouse and distribution space.

July 25, 2017

Illinois Industrial Midwest

Morgan/Harbour Completes Construction of 41,100 SF Office, Warehouse Facility in Buffalo Grove, Illinois

by Kristin Harlow July 25, 2017

BUFFALO GROVE, ILL. — Morgan/Harbour Construction has completed a new 41,100-square-foot office and warehouse headquarters for ThermFlo Inc. and its sister company, Zonatherm Products Inc., in Buffalo Grove. Situated on 4.3 acres and located at 875 Busch Parkway in the Corporate Grove Industrial Park, the facility features an open office concept with workstations, private executive offices, conferencing spaces, a seminar room, full-glass product showroom, lunchroom, 20-foot clear height warehouse, two exterior docks, two drive-in doors and 136 parking stalls. Brian Smith, Rich Cassidy and Scott Guerra of Morgan/Harbour led the project team. Ware Malcomb provided architectural services, while Clarius Partners provided development management services. Previously located in Wheeling, ThermFlo is a 24-hour service and construction company with engineering design and CAD capabilities.

July 25, 2017

Multifamily Texas

Lee Development to Build 35-Story Apartment Tower in Austin

by Taylor Williams July 25, 2017

AUSTIN, TEXAS — Lee Development & Construction is building 48 East Avenue, a 35-story apartment tower in Austin’s Rainey Street District. The property will offer 250 units averaging approximately 850 square feet per unit, a pool, fitness center and a coffee bar. The project will also deliver 3,000 square feet of retail space and a 10-story parking garage. A timetable for delivery has not yet been established.

July 25, 2017

Midwest Missouri Office

Hilliker Corp. Brokers $1.5M Sale of Office Building in St. Louis

by Kristin Harlow July 25, 2017

ST. LOUIS — Hilliker Corp. has brokered the sale of a 33,000-square-foot office building in St. Louis for $1.5 million. The Little Bit Foundation, a St. Louis-based nonprofit organization that provides basic needs for children living in poverty, purchased the property for its new headquarters. A commercial construction company previously occupied the building and will continue to occupy a portion of the property, located at 516 Hanley Industrial Court. Hal Ball and Brennan Gaffney of Hilliker Corp. represented the seller, Kraska Enterprises. Bahn Realty represented The Little Bit Foundation.

July 25, 2017

Michigan Midwest Retail

Cohn Commercial Arranges Sale of 30,000 SF Shopping Center in Westland, Michigan

by Kristin Harlow July 25, 2017

WESTLAND, MICH. — Cohn Commercial Properties Inc. has arranged the sale of a 30,000-square-foot shopping center in Westland, about 16 miles west of Detroit. The sales price was not disclosed. The property is located at 35700 W. Warren Road across from Westland Mall. Prime Healthcare Services-Garden City LLC purchased the property from MI Westland Retail Center LLC. Cohn Commercial brokered the transaction on behalf of both parties.

July 25, 2017

Retail Texas

Stream, Thackery Sell 167,704 SF Retail Power Center in Metro Houston

by Taylor Williams July 25, 2017

PEARLAND, TEXAS — A joint venture between Stream Realty Partners and Thackery Partners has sold The Center at Pearland Parkway I, a 167,704-square-foot retail power center located at the intersection of FM 518 and Pearland Parkway in the Houston metro of Pearland. Completed in 2014, the property was fully leased at the time of sale to tenants such as T.J. Maxx and Ross Dress for Less. Dunhill Partners Inc. purchased the asset for an undisclosed price.

July 25, 2017

Mixed-Use Texas

CIM Group Acquires 322,000 SF Mixed-Use Property in Dallas

by Taylor Williams July 25, 2017

DALLAS — CIM Group has acquired Turtle Creek Village, a mixed-use property in Dallas that includes an 18-story, Class A office property totaling 227,000 square feet and a 95,000-square-foot retail center leased to tenants such as LensCrafters, Tom Thumb and Zoe’s Kitchen. A joint venture involving Lincoln Property Co. sold the asset, which was built in 1973, for an undisclosed price.

July 25, 2017

Industrial Texas

JLL Negotiates 47,500 SF Industrial Lease in Houston

by Taylor Williams July 25, 2017

HOUSTON — JLL has negotiated a 47,500-square-foot industrial lease at 8303 McHard Road in Houston. Built in 2006, the property is situated on 8.5 acres and features 42-foot clear heights, ESFR sprinkler system and Class A office space. Mark Nicholas, Richard Quarles and Joe Berwick of JLL represented the landlord, Schroeder Partnership Ltd. Drew Coupe and Josh Morrow of Stream Realty Partners represented the tenant, ProEnergy Services LLC, a Missouri-based energy solutions provider.

July 25, 2017

Healthcare Texas

Inland Real Estate Acquires 27,500 SF Healthcare Property in Arlington

by Taylor Williams July 25, 2017

ARLINGTON, TEXAS — Inland Real Estate Acquisitions Inc. has acquired the Kleiman/Evangelista Eye Center, a 27,500-square-foot medical office building located at 350 E. Interstate 20 in Arlington. Built in 2015, the center is the only one of the practice’s three locations provides patients with same-day surgicare and expanded treatments beyond Lasik surgery. The company, which is the purchasing arm of The Inland Real Estate Group of Cos. Inc., also helped broker the sale.

July 25, 2017

Newer Posts

Older Posts