Property Type

Inland Arranges $86M Sale of Two Multifamily Properties in Metro Dallas

by Taylor Williams September 1, 2017

CARROLLTON AND PLANO, TEXAS — Inland Private Capital Corp (IPC). has arranged the $86 million sale of two multifamily properties totaling 559 units in metro Dallas. The properties include the 289-unit Mustang Park Apartments, located at 4645 Plano Parkway in Carrollton, and the 270-unit Domaine Apartments, located at 6400 Windcrest Drive in Plano. Both properties offer fitness centers, business centers and pools. IPC facilitated the sale though its subsidiary that serves as asset manager on behalf of one of its 1031 investment programs.

September 1, 2017

Teeple Partners to Develop $83M Mixed-Use Project in San Antonio

by Taylor Williams September 1, 2017

SAN ANTONIO — Austin-based development firm Teeple Partners will develop Kallison Square, an $83 million mixed-use project that will be located at the southwest corner of Flores and Dolorosa streets in San Antonio. The project will include 45,000 square feet of retail space and office space, as well as 305 multifamily units. Construction is scheduled to begin during the spring of 2018 and conclude in mid-2020.

September 1, 2017

Office Texas

Northwood Investors to Develop 340,000 SF Office Tower in Dallas

by Taylor Williams September 1, 2017

DALLAS — Northwood Investors will develop a 340,000-square-foot office tower within The Shops at Park Lane, a 550,000-square-foot mixed-use development in Dallas. Gensler designed the 11-story, Class A building, which has yet to be branded. Cushman & Wakefield will handle leasing of the property. A timetable for construction has not yet been established.

September 1, 2017

Retail Texas

Partnership to Open 18,000 SF Entertainment Center in Fort Worth

by Taylor Williams September 1, 2017

FORT WORTH, TEXAS — A partnership that includes creators of the restaurant BREWED and residential real estate firm 6th Ave. Homes will open The 4 Eleven in Fort Worth. The project involves transforming an 18,000-square-foot warehouse located at 411 S. Main St. into a center with an events venue and a variety of shops. Committed tenants include Alchemy Pops, a provider of frozen pops; Winton and Waits, an accessories and home goods store; and The Greenhouse 817, a design studio. The opening is scheduled for late October.

September 1, 2017

Hospitality Texas

Siegel Group Acquires 80,000 SF Hotel in San Antonio for $3.3M

by Taylor Williams September 1, 2017

SAN ANTONIO — Siegel Group, a Las Vegas-based investment and hospitality firm, has acquired the former Budget Lodge Extended Stay Hotel in San Antonio for $3.3 million. Built in 1963 and situated on 6.6 acres along Interstate 35, the two-story property totals approximately 80,000 square feet. Siegel Group plans to repurpose some of the existing space to include a restaurant and lounge, as well as a conference and banquet area.

September 1, 2017

Illinois Industrial Midwest

Clayco Completes 1MSF Distribution Facility for Georgia-Pacific in University Park, Illinois

by Kristin Harlow September 1, 2017

UNIVERSITY PARK, ILL. — Clayco Inc. has completed construction of a Georgia-Pacific distribution facility at Gateway 57 Industrial Park in University Park, about 38 miles south of Chicago. The 1 million-square-foot facility is a joint venture between CRG and Venture One along with design-build firm Clayco and its subsidiary Forum Studio. The investment will allow Georgia-Pacific to expand capabilities in University Park, where the company previously operated out of a 700,000-square-foot facility. The distribution center will be used to supply paper goods for commercial and recreational use for some of Georgia-Pacific’s largest clients, including Walmart and Costco. The building features 36-foot clear heights, 100 dock doors and two drive-in doors.

September 1, 2017

Hospitality Indiana Midwest

Home2 Suites by Hilton to Open in Terre Haute, Indiana

by Kristin Harlow September 1, 2017

TERRE HAUTE, IND. — Dora Hotel Co. LLC and Gibson Development LLC are developing a Home2 Suites by Hilton in Terre Haute, located in western Indiana. The 91-suite, extended-stay hotel will be located at 2625 S. Sycamore Crossing St. Amenities will include Wi-Fi, pool and deck, fitness room, guest laundry, grilling patio and outdoor lounge. The lobby will feature an open-area floor plan known as the Oasis, designed to alternate between a breakfast area and a workspace. First Financial Bank NA is providing construction financing. Completion is slated for September 2018.

September 1, 2017

Industrial Midwest Missouri

Dejana Truck & Utility Signs 90,000 SF Industrial Lease in Kansas City’s SubTropolis

by Kristin Harlow September 1, 2017

KANSAS CITY, MO. — Dejana Truck & Utility Equipment has signed a 90,000-square-foot industrial lease in SubTropolis within Kansas City. The automotive equipment manufacturer will run a new Ford Transit and Ford F-150 upfitting operation at the underground business complex. The New York-based subsidiary of Douglas Dynamics Inc. (NYSE: PLOW) will also lease two additional acres in SubTropolis for vehicle staging. Dejana manufactures van partitions, racking systems and hauling systems for aftermarket installation on commercial vans and trucks. Hunt Midwest owns the property.

September 1, 2017

Illinois Industrial Midwest

Euroview Enterprises Enters Into 47,861 SF Industrial Lease in Elmhurst, Illinois

by Kristin Harlow September 1, 2017

ELMHURST, ILL. — Euroview Enterprises LLC has entered into a 47,861-square-foot industrial lease in Elmhurst, about 18 miles west of Chicago. The manufacturer and distributor of glass shower doors will occupy the space at 342 Carol Lane. The company is moving from a nearby location at 420 W. Wrightwood Ave. Adam Haefner and Zeke Rowan of Darwin Realty represented the landlord, an institutional investor. Justin Lerner of Transwestern represented the tenant.

September 1, 2017

Indiana Loans Midwest Retail

Associated Bank Provides $3.1M Acquisition Loan for Land Site in Hammond, Indiana

by Kristin Harlow September 1, 2017

HAMMOND, IND. — Associated Bank has provided a $3.1 million loan for the acquisition of a 1.4-acre land site located at 7905-17 Indianapolis Blvd. in Hammond, about 25 miles southeast of Chicago. The borrower, GW Properties, plans to build a multi-tenant retail building at the site. The 9,250-square-foot building will be divided into four retail spaces. Completion is slated for the second quarter of 2018. Brian Rogan of Associated Bank originated the loan.

September 1, 2017

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