Property Type

Cushman & Wakefield Arranges Sale of Apartment Community in Knoxville

by John Nelson May 23, 2017

KNOXVILLE, TENN. — Cushman & Wakefield has arranged the sale of Walden Legacy, a 236-unit apartment community located in west Knoxville. Mount Auburn Multifamily LLC purchased the asset from Sagebrush Legacy Management for an undisclosed price. Robert Stickel and Nelson Abels of Cushman & Wakefield represented the seller in the transaction. Built in 2005, Walden Legacy was 95 percent occupied at the time of sale. Community amenities include a resort-style swimming pool, fitness center, picnic areas with grills, car care center, laundry facility and a clubhouse.

May 23, 2017

Industrial Texas

Wilson & Stonaker Acquires 334,082 SF Industrial Business Park in Fort Worth

by Taylor Williams May 23, 2017

FORT WORTH, TEXAS — Wilson & Stonaker LLLC, a Texas-based investment firm, has acquired Northbrook Business Center, a four-building 334,082-square-foot industrial business park located at 1001 NE Loop 820 in Fort Worth. Jeff Givens and Sarah LanCarte of Transwestern represented the seller, Fort Worth Northbrook Ltd., which sold the asset for an undisclosed price. The property was 85 percent occupied at the time of sale.

May 23, 2017

Multifamily Student Housing Texas

Stonemont to Develop 502-Bed Student Housing Community Near Sam Houston State in Huntsville

by Taylor Williams May 23, 2017

HUNTSVILLE, TEXAS — Stonemont Financial Group, an Atlanta-based investment firm, is developing The Armory at Sam Houston, a 502-bed student housing community located adjacent to Sam Houston State University in Huntsville. The property, which will feature a rooftop deck, resort-style pool and a seven-story parking garage, is scheduled to open in fall 2018. Temple, Texas-based MW Builders is serving as general contractor on the project. Denver-based Cardinal Management Group will handle leasing and management of the property.

May 23, 2017

Multifamily Texas

Marcus & Millichap Arranges Sale of 344-Unit Apartment Community in San Antonio

by Taylor Williams May 23, 2017

SAN ANTONIO — Marcus & Millichap has arranged the sale of Parc 410, a 344-unit apartment community in San Antonio. Located at 5827 NW Loop 410, the property features two pools, an on-site laundry facility and a business center. Will Balthrope and Jordan Featherston of Marcus & Millichap represented the seller and procured the buyer in the transaction.

May 23, 2017

Industrial Texas

CBCA Brokers Sale of 41 Acres for Development of Business Park, Storage Facilities in Mansfield

by Taylor Williams May 23, 2017

MANSFIELD, TEXAS — Coldwell Banker Commercial Advisors (CBCA) has brokered the sale of nearly 41 acres of land slated for industrial development at U.S. Highway 287 and Commerce Drive in Mansfield. All Storage purchased 5.3 acres from LEJJ Realty LLC for the development of two climate-controlled self-storage facilities totaling 216,723 square feet. Premier Funding Group sold the adjacent 35.5-acre tract, which will be used for the development of an unbranded business park. Sales prices were not disclosed.

May 23, 2017

Industrial Texas

Lee & Associates Negotiates 69,047 SF Industrial Lease in Dallas

by Taylor Williams May 23, 2017

DALLAS — Lee & Associates has negotiated a 69,047-square-foot industrial lease at 11025-11035 Switzer Ave. in Dallas. Brett Lewis, Ken Wesson and George Tanghongs of Lee & Associates represented the landlord, Colony Northstar, in the lease negotiations. The name and representative of the tenant were not disclosed.

May 23, 2017

Kansas Loans Midwest Multifamily

KeyBank Arranges $19M Refinancing of Multifamily Property in Overland Park, Kansas

by Kristin Harlow May 23, 2017

OVERLAND PARK, KAN. — KeyBank Real Estate Capital has arranged a $19 million Fannie Mae loan for the refinancing of Plaza at Overland Park in Kansas. The 202-unit multifamily property was built in 1999 and renovated in 2014. Chris Black of KeyBank arranged the 10-year loan, which includes a 30-year amortization schedule. The borrower was not disclosed.

May 23, 2017

Hospitality Midwest Wisconsin

Waterton to Manage Sheraton Madison Hotel in Madison, Wisconsin

by Kristin Harlow May 23, 2017

MADISON, WIS. — Waterton will manage the Sheraton Madison Hotel following the company’s recent sale of the property. The hotel’s new owner, DeFoor Brothers Development, purchased the property from a joint venture of Waterton and Marcus Hotels & Resorts, its previous manager. Located at 706 John Nolen Drive, the eight-story Sheraton is 2.5 miles from the University of Wisconsin-Madison campus. Built in 1972, the Sheraton will undergo a multimillion-dollar renovation that will update both guestrooms and corridors. The initial phase is scheduled to begin in August, with completion slated for late 2017. A subsequent phase in early 2018 will update the lobby, restaurant and bar areas. Hotel amenities include an indoor pool and whirlpool/hot tub, fitness center, computer workstations and Sheraton Club Lounge.

May 23, 2017

Illinois Industrial Midwest

ML Realty Partners Leases 77,450 SF Industrial Space in Des Plaines, Illinois

by Kristin Harlow May 23, 2017

DES PLAINES, ILL. — ML Realty Partners has leased a 77,450-square-foot industrial space for Gebrüder Weiss Inc. in Des Plaines, a suburb of Chicago. The European-based transportation and logistics company will occupy the warehouse space located at 251 Wille Road. The property features 30-foot clear heights and access to several major highways. Jack Brennan of CBRE represented Gebrüder Weiss in the lease transaction, while Tom Rodeno and Matthew Stauber of Colliers represented the landlord, ML Realty Partners.

May 23, 2017

Illinois Industrial Midwest

Midwest Industrial Funds Sells 76,000 SF Industrial Building in Cary, Illinois

by Kristin Harlow May 23, 2017

CARY, ILL. — Midwest Industrial Funds has sold a 76,000-square-foot industrial building in Cary, about 45 miles northwest of Chicago. An affiliate of Illinois Lift Equipment purchased the property. Midwest Industrial acquired the vacant property in 2015, and repositioned and modernized it by demolishing over 60,000 square feet of office and warehouse mezzanine space. The firm also designed and built a new custom exterior entrance, painted the entire exterior, improved drainage as well as installed new larger dock doors, energy-efficient windows, HVAC, lighting and landscaping enhancements. Dan Jones, Dan Benassi and Mike DeSerto of Entre Commercial Realty represented Midwest Industrial in the transaction, while Steve Morken of Morken & Associates represented Illinois Lift Equipment.

May 23, 2017

Newer Posts

Older Posts