Property Type

Quantum Real Estate Advisors Brokers $1.3M Sale of Retail Property in Arlington Heights, Illinois

by Amy Works October 13, 2016

ARLINGTON HEIGHTS, ILL. — Quantum Real Estate Advisors has arranged the sale of a multi-tenant retail property located at 2-18 S. Dunton Ave. in Arlington Heights, a northwest suburb of Chicago. An international real estate investment fund acquired the property from a Chicago-based investment group for $1.3 million. Built in 2006, the 8,195-square-foot street-level retail property is part of a 55-unit condo building. At the time of sale, the retail property was 100 percent occupied. Daniel Waszak of Quantum represented the seller in the deal.

October 13, 2016

Georgia Retail Southeast

Halpern Enterprises Opens New Publix Store at Dawson Crossroads in North Georgia

by John Nelson October 13, 2016

DAWSONVILLE, GA. — Halpern Enterprises has opened the 45,600-square-foot Publix at Dawson Crossroads, a 98,400-square-foot shopping center located at the southeast corner of GA 400 and Dawson Forest Road in Dawsonville. The property is situated across the street from the North Georgia Premium Outlets and a Walmart Supercenter. Dawson Crossroads’ tenant roster includes PetSmart, Brooklyn Joe’s Pizzeria, Lee Nails, Great Clips, Totally Running and Top Cleaners. The property will also feature outparcel retailers such as Chili’s Bar & Grill, AT&T and Aspen Dental.

October 13, 2016

Arizona Loans Multifamily Western

Meridian Capital Group Arranges $116.4M Refinancing for Arizona Multifamily Portfolio

by Nellie Day October 13, 2016

GLENDALE AND CHANDLER, ARIZ. — Meridian Capital Group has arranged $116.4 million to refinance four multifamily properties in Arizona. The four properties were financed in two separate loans. The first loan was for Tela Verde and Tuscany Palms in Glendale. The assets contain a total of 778 units. The properties in the second loan include Alante at the Islands and Laguna Village in Chandler. These assets contain a total of 780 units. Meridian originally financed these four properties as part of a seven-property portfolio acquisition loan on behalf of PB Bell Companies in July 2014. The firm sold the other three properties while repositioning the four assets included in this refinancing. Meridian’s Seth Grossman, Sarah Kuebler and Ryan Gandell arranged the two fixed-rate, non-recourse financing packages.

October 13, 2016

Arizona Multifamily Western

Exchange Services Buys The Lodge Apartments in Flagstaff $43.6M

by Nellie Day October 13, 2016

FLAGSTAFF, ARIZ. — Exchange Services has acquired The Lodge, a 252-unit luxury apartment community in Flagstaff, for $43.6 million. The community is located on Lake Mary Road just south of the I-17/I-40 freeway interchange. The Lodge was built in 2004. Exchange Services acted as an intermediary for SK5-ELA LLC (Keller Investment Properties LLC). David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller, Clear Sky Lodge LP, in this transaction. The company is a partnership between Clear Sky Capital and Narland Properties.

October 13, 2016

Colorado Loans Office Western

HFF Arranges $30.6M in Financing for Tuscany Plaza Near Denver

by Nellie Day October 13, 2016

DENVER – HFF has arranged $30.6 million in financing for Tuscany Plaza, a 260,000-square-foot office property in the southeastern Denver suburb of Greenwood Village. The Class A plaza is located at 6312 S. Fiddlers Green Circle. The asset sits adjacent to the Arapahoe at Village Center light rail station. Tuscany Plaza is 90 percent leased to tenants like Red Robin and Xanterra Parks and Resorts. HFF’s Jim Curtin and Eric Tupler arranged the seven-year, 3.45 percent, fixed-rate loan through a correspondent life insurance company. The borrower was Crescent Real Estate LLC.

October 13, 2016

California Industrial Western

The Magellan Group Completes 501,270 SF Industrial Development in El Monte

by Nellie Day October 13, 2016

EL MONTE, CALIF. — The Magellan Group has completed the Magellan Gateway, a 501,270-square-foot industrial project in the San Gabriel Valley submarket of El Monte. The Class A project is located at 4181 Temple City Blvd. Gill Corp., Jans Investment and Management and Dream Home Temple City Boulevard LLC have already purchased three of the property’s five buildings. Cushman &a Wakefield’s Erik Larson, Robin Dodson, John Minervini and Chris Tolles represented The Magellan Group in all three transactions. Millie & Severson built Magellan Gateway, which HPA Architecture designed. Principal Real Estate Investors provided joint venture equity for the development; U.S. Bank provided construction financing.

October 13, 2016

Florida Multifamily Southeast

Cushman & Wakefield Arranges $42.8M Sale of Apartment Community in Orlando

by John Nelson October 13, 2016

ORLANDO, FLA. — Cushman & Wakefield has brokered the $42.8 million sale of Phase I of Crest at Millenia, a newly built, 252-unit apartment community located at 5100 Millenia Waters Drive in Orlando. Built in 2016 on a 12.8-acre site in Orlando’s Millenia submarket, Crest at Millenia’s amenities include gated access, a resort-style salt water pool with private cabanas, grilling courtyard, hammock grove, dog park, game room with billiard tables, bocce ball court, 24-hour fitness center, resident hub, extra storage and 358 parking spaces. The property’s units average 957 square feet and feature hardwood-style flooring, granite countertops in the kitchens and baths, stainless steel appliances, 42-inch designer custom cabinets, crown molding, ceramic tile floors in the bathrooms, USB charging stations and washers and dryers in all units. Jay Ballard and Ken Delvillar of Cushman & Wakefield represented the seller, Miami-based Lennar Multifamily Communities, in the transaction. The buyer, Atlanta-based Centennial Holding Co., purchased the asset for roughly $170,000 per unit. The 272-unit Phase II of Crest at Millenia will be located on an adjacent 13.5-acre site and is expected to come on line later this year.

October 13, 2016

Florida Multifamily Southeast

CBRE Brokers $32.6M Sale of Apartment Community in Metro Orlando

by John Nelson October 13, 2016

KISSIMMEE, FLA. — CBRE has brokered the $32.6 million sale of the Valencian Apartments, a 366-unit apartment community located in 1400 W. Donegan Ave. in Kissimmee, a suburb of Orlando. The Michaelson Group purchased the property from Insula Capital. Shelton Granade, Luke Wickham and Justin Basquill of CBRE represented Insula Capital in the transaction. Valencian Apartments features one-, two- and three-bedroom residences with screened-in patios and modern kitchens. The two-story community recently underwent a $2.8 million renovation to the exterior and in-unit amenities, including upgrades to the façade, clubhouse and the three resort-style pools.

October 13, 2016

Maryland Office Southeast

Comcast to Relocate 140 Employees to New Office at McHenry Row in Baltimore

by John Nelson October 13, 2016

BALTIMORE — Comcast Corp. has signed a lease with 28 Walker Development for 28,000 square feet of office space within McHenry Row, a 20-acre mixed-use project in Baltimore. Comcast plans to relocate 140 of its employees from a regional corporate office in the White Marsh section of Baltimore County to the new space within the project’s Banner Building, a 215,000-square-foot office building located at 1215 E. Fort Ave. McHenry Row features 300,000 square feet of office space, a Harris Teeter grocery store, retail, restaurants and 250 apartment units. Retailers opening soon at McHenry Row include Samos Greek Island Grill, Ruby 8 Noodle and Sushi and Diamondback Brewing Co., a locally owned craft brewery. Joe Dolan and David Fritz of NAI KLNB represented 28 Walker Development in the lease deal, and Richie Blue of Blue & Obrecht Realty and Jeff Flynn of JLL represented Comcast. The transaction brings the Banner Building to full occupancy. Other office tenants within the Banner Building include Under Armour, Gilbane Construction, Kimley Horn, Maryland Auto Insurance Fund, Martin-Lauer Associates, Mindgrub, Navigator Management Partners and the Ulman Cancer Fund for Young Adults.

October 13, 2016

Georgia Office Southeast

Avison Young Brokers $14M Sale of Three Office Buildings in Alpharetta

by John Nelson October 13, 2016

ALPHARETTA, GA. — Avison Young’s Atlanta office has brokered the $14 million sale of Royal 400, a three-building portfolio of single-story office buildings situated within an office park in Alpharetta. Totaling 137,600 square feet on 22.9 acres, Royal 400 was 80.5 percent leased at the time of sale to national and regional tenants. Matt Tritschler, Steve Morgan and Stephanie Marion of Avison Young represented the seller, NNN Royal 400 LLC, in the transaction.

October 13, 2016

Newer Posts

Older Posts