GRAND PRAIRIE, TEXAS — Mycon General Contractors has completed construction of a new, 6,997-square-foot First Choice Emergency Room in the Dallas-Fort Worth metro of Grand Prairie. Situated on 0.9 acres at 901 W. Jefferson St., the $3.5 million, freestanding medical clinic features on-site labs and digital imaging suites. A service station and convenience store previously occupied the site, construction on which began in August 2016.
FORT WORTH, TEXAS — Marcus & Millichap has arranged the sale of Copper Creek, a 14-building, 274-unit apartment community located at 6011 Oakland Hills Drive on Fort Worth’s eastern side. Community amenities include two pools, on-site laundry facilities and patios with outdoor storage. Al Silva of Marcus & Millichap represented the seller, Lubbock-based Madera Residential, in the transaction. Silva and Ford Braly, also with Marcus & Millichap, procured the buyer, an undisclosed, out-of-state investment firm.
GRAPEVINE, TEXAS — EDGE Realty Capital Markets has arranged the sale of 2301 Ira E. Woods, an 11,544-square-foot office property located at the intersection of Ira E. Woods Ave. and State Highway 114 in Grapevine, a northwestern suburb of Dallas. Brandon Crow and Wilson Stafford of EDGE represented the seller, Georgia-based DayStar Management LLC, in the transaction. Michelle Hudson of Hudson Peters Commercial represented the unspecified buyer.
CHARLOTTE, N.C. — Vertical construction is underway at Rea Farms, a mixed-use development located in south Charlotte. Lincoln Harris, Greg Currie and the Rea family are the master developers of the development, which is situated at the intersection of Providence and Ardrey Kell roads south of Interstate 485. Life Time Fitness is developing the 200,000-square-foot Life Time Athletic Charlotte at the development, and Woodfield Investments is developing the 455-unit Links at Rea Farms. The fitness and aquatics facility is set to open in the fourth quarter of this year, and the Class A apartment community is set to open in early 2018. Construction on the Harris Teeter-anchored retail village and Greystar’s senior housing facility known as Overture Providence at Rea Farms will begin this summer. CalAtlantic Homes will also build 249 single-family homes and townhomes at Rea Farms.
SAVANNAH, GA. — CRG, the real estate development arm of Clayco, plans to develop Northport Commerce Center, a two-building, 1.7 million-square-foot speculative distribution center near the Port of Savannah. The development will be situated on a 133-acre site at 590 and 455 Northport Parkway in Savannah. CRG expects to deliver the first building, a 832,000-square-foot facility with 220 trailer spaces and 173 dock high doors, this June. The second building will span 866,100 square feet and include 185 trailer spaces and 148 dock high doors. Both properties will feature 36-foot clear heights, ESFR sprinkler systems and LED lighting. Clayco is the design-build contractor and the company’s architecture subsidiary, Forum Studio, served as the design team for the development. CRG has selected Steve Grable and Chris Tomasulo of JLL to market and lease Northport Commerce Center. Grable and Tomasulo represented CRG in the purchase of the site from Dallas-based Stratford Land. The acquisition price was not released.
BRADENTON, FLA. — The Home Depot has purchased 22 acres in Bradenton, a city within the Tampa Bay area near Sarasota, for a new store. Ken Stephens of Retail Property Advisors represented the Atlanta-based retailer in its purchase of the site located at the corner of state Road 64 and Morgan Johnson Road. The site is an assemblage of three different tracts with three separate owners. David Gustafson of Wagner Realty represented one of the sellers in the transaction. Stephens worked with Rich Kingan of Kingan Commercial and Mike Chadwick of The Ferber Co. to bring the deal to fruition.
RICHMOND, VA. — The Virginia Department of Environmental Quality (DEQ) has leased 81,553 square feet of office space in downtown Richmond. The agency will occupy four floors at Bank of America Center, an office building located at 1111 E. Main St. With the Virginia DEQ lease, the office building is 88 percent leased to tenants including the Virginia Cable Telecommunications Association, Haneberg Hurlbert PLC and the Virginia Bar Association. Malcolm Randolph and Scott Durham of CBRE | Richmond represented the owner, a joint venture between District Bay Realty Advisors and developer Joe Ersek, in the lease transaction.
NASHVILLE, TENN. — GBT Realty Corp. has announced the tenant lineup at Village 21 at Regions Park, a $45 million mixed-use development under construction near Vanderbilt University in Nashville. Situated at the intersection of 21st Avenue South and Wedgewood Avenue, the property will include 101 apartment residences, community amenities, 250 surface and below-grade parking spaces and 22,000 square feet of retail space that is 95 percent pre-leased. Committed retail tenants that are set to open this summer include Regions Bank, Mountain High Outfitters, The Urban Juicer, South Boutique and Taco Mama. By May, GBT Realty expects to announce a celebrity-backed restaurant concept to fill the property’s two-story restaurant and rooftop bar overlooking the intersection of 21st and Wedgewood avenues.
EAST MOLINE, ILL. — Hall Structured Finance (HSF) has provided a $23.2 million loan for the construction of a Hyatt House and Hyatt Place hotel in East Moline, part of the Quad Cities region. This will be Hyatt’s first development of a blended, dual-flagged hotel, with a shared front desk and lobby amenities, and will serve as the company’s prototype for future dual-flagged developments. The nine-story, 233-room hotel will feature 134 upscale Hyatt Place rooms and 99 suite-style, extended-stay Hyatt House rooms. Olympia Hotel Management will operate the hotel. Great River LLC, in conjunction with the City of East Moline, plans to develop the 132-acre site of the former Case/International Harvester plant, where the hotel will be located, into a mixed-use development in two phases. The first phase consists of 42 acres and will include the new hotel, 324 multifamily units and a public park. Construction starts immediately and will be complete by summer 2018. In addition, two restaurants and four retail sites are expected to soon be under development.
ST. PAUL, MINN. — A new 134-unit apartment community, 333 on the Park, has opened in St. Paul. The eight-story building is located at 333 Sibley St. in the Lowertown neighborhood. Formerly known as the Gordon & Ferguson building, the building was constructed in 1913. Several players from the St. Paul Saints baseball team will live in the apartments. The team, part of the North Division of the American Association of Independent Professional Baseball, plays at nearby CHS Field. The building consists of studio, one-, two- and three-bedroom apartment homes, as well as 10 two-story penthouse homes. Two thousand square feet of commercial space located on the first floor is currently available for lease. Timberland Partners developed the apartment property, and will continue to own and manage the building. Kaas Wilson Architects designed the apartments, while Frana Cos. provided construction services for the renovation.
