JOHNS CREEK, GA. — Sealy & Co. has acquired the Johns Creek Value & Income Portfolio, a 277,201-square-foot, single-story office portfolio in Johns Creek, roughly 30 miles north of Atlanta. The acquisition was made on behalf of Sealy Strategic Equity Partners. The sales price was not disclosed. At the time of sale, the portfolio was 89 percent leased and home to three company headquarters: ARRIS International, Femasys and Alpha Advanced Materials.
LITHIA SPRINGS, GA. — Katz Properties has acquired the Village at Westfork, a Kroger-anchored shopping center in Lithia Springs, for $11.6 million. The 75,947-square-foot property is roughly 18 miles west of Atlanta. Ladder Capital provided financing for the acquisition. The seller was not disclosed. New York-based Katz Properties is a real estate investment, development and management company that focuses on the acquisition, operation and repositioning of shopping centers on the East Coast.
TALLAHASSEE, FLA. — Dougherty Mortgage LLC has arranged an $8.8 million Fannie Man loan for the acquisition of Rolling Hills Apartments, a 152-unit multifamily community in Tallahassee. The 12-year loan utilized Fannie Mae’s Green Rewards program and was structured with five years of interest-only payments and a 30-year amortization schedule on behalf of the borrower, Rolling Hills Investors LLC. The apartment community features a swimming pool, picnic area with grills and a fitness center.
ALEXANDRIA, VA. — The American College of Osteopathic Surgeons (ACOS) has leased 7,867 square feet at 1680 Duke Street, a five-story boutique office building in Alexandria, roughly eight miles south of Washington, D.C. Donahoe Real Estate Services represented the landlord, KP Duke Street LLC, in the lease transaction, and CRESA DC represented ACOS. The 48,000-square-foot building has undergone renovations including a new entrance and lobby and modernized elevators. ACOS will occupy the fifth floor of the building. With the lease, 1680 Duke Street is 90 percent leased to tenants including the National School Boards Association and CVS/pharmacy.
SAN ANTONIO — Austin-based development and construction firm Oden Hughes will build a 57-acre development at the intersection of Loop 1604 and Bulverde Road in San Antonio. The development, which has yet to be branded, will eventually feature 1,000 apartment units across 41 acres that will be delivered in three phases. The property also includes nearly 16 acres of commercial acreage that Oden Hughes pans to sell. The company will break ground on Phase I, which will deliver 338 Class A units, later this week. Scheduled to open in late 2018, this phase will also feature a two-level pool, fitness center, running trail and a dog park.
CARROLLTON, TEXAS — Idaho-based grocer WinCo Foods has begun building an 82,077-square-foot store within Trinity Valley Shopping Center, a 300,000-square-foot shopping center located at the corner of State Highway 190 and Josey Lane in Carrollton. The grocery store will anchor the center and is expected to open during the first quarter of 2018. Weitzman, which handles leasing and management at Trinity Valley, is overseeing construction of the property.
FARMERS BRANCH, TEXAS — ARA Newmark has brokered the sale of Ventana at Valwood, a 265-unit apartment community located at 14221 Heritage Circle in the Dallas metro of Farmers Branch. The property was built in the 1960s and renovated in 2007. The buyer and seller were not disclosed.
DALLAS — TIG Real Estate Services Inc. has negotiated the sale of a 31,050-square-foot flex/warehouse property located at 11401-11431 Plano Road in Dallas. Matthew Hicket and Kristin Grammar of TIG represented the undisclosed seller in the transaction and have retained leasing duties for the property. Other terms of sale were not released.
CHICAGO — Luxury Living Chicago Realty will oversee leasing of 8 East Huron, a 102-unit luxury apartment tower in Chicago’s River North neighborhood. CA Residential LLC, the multifamily investment and development division of Chicago-based CA Ventures, developed the 26-story property. The Habitat Co. will manage the property. Wrapped entirely in glass, the building features one- and two-bedroom units as well as luxury three-bedroom suites on the 22nd and 23rd floors. Floor plans range in size from 540 to 2,680 square feet with rents ranging from $2,195 to $15,995. A 24th floor amenity space consists of an infinity pool, sun deck, fitness center and on-site pet spa. Since the building is still under construction, Luxury Living is offering a virtual realty experience that allows interested renters to see select apartments and amenities from every angle.
NORTHLAKE, ILL. — Frozen Assets Cold Storage has signed a 132,000-square-foot industrial lease at Bridge Point Northlake, located about 20 miles west of Chicago. Located at 555 Northwest Ave., the 256,752-square-foot cold storage facility features clear heights of 32 to 40 feet, 104 dock positions and 91 trailer stalls. Headquartered in Chicago, Frozen Assets Cold Storage provides cold storage, freezing, blast freezing, exporting, labeling and cross-docking services. Jason Lev and John Suerth of CBRE represented the landlord, Bridge Development, in the lease transaction. Steve Livaditis, also of CBRE, represented the tenant.
