FORT WORTH, TEXAS — Amtex Development LLC has broken ground on Campus Apartments, a 224-unit multifamily community located at 4651 Campus Drive in Fort Worth. The property will feature a mix of affordable and market-rate units and amenities such as a pool, outdoor grill facilities and children’s play area. Completion of the project is currently scheduled for December 2018.
HOUSTON — Marcus & Millichap has arranged the sale of Barrington Apartments, a 308-unit multifamily complex situated on 7.5 acres at 5959 Bonhomme Road in Houston. Built in 1981, the property offers a mix of one- and two-bedroom units averaging approximately 723 square feet per unit. Jeffrey Fript and Christian Mazzini of Marcus & Millichap represented the seller, a local partnership, in the transaction. The buyer and other terms of sale were not disclosed.
MANSFIELD, TEXAS — Phillips Edison Grocery Center REIT II, an affiliate of Phillips Edison & Co., has acquired Mansfield Market Centre, a 55,400-square-foot, grocery-anchored shopping center in the southern Fort Worth suburb of Mansfield. The center is currently leased to tenants such as Dunkin’ Donuts, Firehouse Subs, Brain Balance and Smoothie King. The seller was not disclosed.
SAN ANTONIO — Stream Realty Partners has brokered the sale of 12626 Silicon, a 109,165-square-foot warehouse/distribution center located in the University Park area of San Antonio. Jason Schnittger and Kevin Cosgrove of Stream represented the seller, First Industrial Realty Trust Inc., in the transaction. Dan Gostylo and Seth Prescott of Providence Commercial Real Estate Services represented the buyer.
AUSTIN, TEXAS — JLL has brokered the sale of Nine One Six, a two-story, 55,216-square-foot office property located at 916 S. Capital of Texas Highway in Austin. Jeff Coddington, Kevin Kimbrough and Brent Powdrill of JLL represented the seller, San Francisco-based JMA Ventures LLC, in the transaction. Austin Stone Community Church purchased the asset for an undisclosed price. The sale includes the 5.2 acres on which the property is situated.
COLUMBUS, OHIO — Colliers International has brokered the sale of Sterling Place in Columbus for $32.5 million. The 300-unit multifamily property was built in 1991. Will Mathews and Russ Williamson of Colliers represented the seller, CORE Realty Holdings Management Inc. The Conor Group purchased the property.
INDIANAPOLIS — CBRE has arranged a $3.1 million loan for the refinancing of Cherry Tree Crossing in Indianapolis. The 13,400-square-foot retail property is home to tenants such as QDoba Mexican Grill, Gentle Dentist and T-Mobile. Jason Brown and Dan Gable of CBRE arranged the 10-year loan, which includes a 30-year amortization schedule. EverBank provided the loan for the undisclosed borrower.
CHICAGO — Essex Realty Group Inc. has brokered the sale of a condominium building in Oak Park, a suburb of Chicago, for $2 million. The property, located at 922-924 Ontario St., features 13 one-bedroom units. Ontario Association purchased all of the units in what is known as a condo deconversion. Under the Condominium Property Act in Illinois, unit owners can elect to sell a condo property if 75 percent or more are in agreement. Owners then have the option to either move out or to leaseback from the new owner. Jim Darrow and Jordan Gottlieb of Essex arranged the sale on behalf of the buyer.
CHICAGO AND LAKE BLUFF, ILL. — The Missner Group has completed renovations for the Illinois Bone & Joint Institute (IBJI) in Chicago and Lake Bluff, Ill. At 111 N. Canal St. in Chicago, renovations included the addition of a 2,900-square-foot physical therapy space, private consultation suite and a new reception and waiting lounge. At 101 Waukegan Road in Lake Bluff, a 6,000-square-foot renovation featured the build-out of both physical therapy and clinic space. The facility now consists of a renovated reception area, private examination rooms and 2,800 square feet of space for physical therapy. Heath Yarger and Steve Bulger of Missner Group led the project team. Stephen Rankin & Associates provided architectural services. With more than 20 locations, IBJI specializes in the diagnosis, treatment and management of injuries and diseases of the musculoskeletal system.
MARYLAND HEIGHTS, MO. — Universal Windows Direct has signed an 8,250-square-foot industrial lease in Maryland Heights. The property is located at 11993 Borman Drive. This is the first Missouri location for the Cleveland-based window installation and home improvement company. Scott Martin of Hilliker Corp. represented the tenant in the five-year lease transaction. Pace Properties represented the undisclosed landlord.
