IRVING, TEXAS — Younger Partners has negotiated a 5,960-square-foot lease renewal at 122 West, a six-story, Class A office property in the Dallas-Fort Worth metro of Irving. Daniel Rudd and Billy Vahrenkamp of Colliers represented the tenant, SEI Incentives Ltd., a Texas-based firm that provides customized business meetings and employee rewards programs. Sean Dalton and Kathy Permenter of Younger Partners represented the landlord in the transaction.
TRAVERSE CITY, MICH. — Colliers International has arranged an 18.3-acre ground lease for Costco near Cherry Capital Airport in Traverse City. Costco will build a new wholesale warehouse at the site. The size of the building was not disclosed, but the Traverse City Record Eagle reports the size at 156,000 square feet. Max Goldman of Colliers represented Costco in the lease of the property from Northwestern Regional Airport Commission. Construction will commence immediately with the opening planned for the fourth quarter of this year.
TROY, MICH. — Signature Associates has negotiated the sale of an 88,886-square-foot industrial building located at 1600-1630 E. Big Beaver Road in Troy. Paul Hoge and John Boyd of Signature Associates represented the seller, Iron Point Troy Industrial LLC. Boyd also represented the buyer, DB1600 LLC.
WEST LAFAYETTE, IND. — In a joint venture with T2 Capital Management, South Street Capital has acquired an 18,300-square-foot mixed-use building in West Lafayette. The purchase price was not disclosed. The three-story building is located at 100 Northwestern Ave. near Purdue University. Locally known as The Miller Building, the building consists of retail and office space as well as apartment units.
STURTEVANT, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of a 14,800-square-foot industrial building in Sturtevant, about 30 miles south of Milwaukee. The building is located at 3012-3014 S. Sylvania Ave. Robert A. Gleason purchased the property from Wayne and Mardell Fuller Trust. Cale Berg, Zach Noble, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. brokered the transaction.
DETROIT — Woodpile BBQ Shack has signed a 2,000-square-foot retail lease in Detroit to open its second location in Southeast Michigan. The restaurant will be located at 6402 Woodward Ave. in the Baltimore Station development. The project will consist of the renovation of two vacant buildings at 6402 and 6408 Woodward Ave. in the New Center area, including approximately 8,000 square feet of retail space throughout the ground level and 23 apartment units on the second and third floors. Woodpile BBQ Shack will open once the development is completed in early 2018. Ben Hubert and Ben Rosenzweig of Colliers International represented the Clawson, Mich.-based barbecue establishment in the transaction. The duo also represented the landlord, The Platform.
ORLANDO, FLA. — Summa Development Group will begin pre-leasing for CitiTower at Lake Eola, a 25-story, 233-unit high-rise apartment complex located at 101 Lake Ave. in downtown Orlando, in mid-April. The property consists of 74 studio apartments averaging 726 square feet per unit, 112 one-bedroom apartments averaging 778 square feet per unit, 31 two-bedroom apartments averaging 1,070 square feet per unit, and 16 three-bedroom apartments averaging 1,432 square feet per unit. Other amenities include a rooftop pool and a 24-hour fitness center. The property is slated to open in late July or early August.
HINESVILLE, GA. — Hutton Contracting Co. has completed construction of Oglethorpe Square, a 158,000-square-foot shopping center located at 849 W. Oglethorpe Highway in Hinesville, a city about 40 miles southwest of Savannah. Dick’s Sporting Goods, TJMaxx and PetSmart are among the anchors of the 24-acre property. Oglethorpe Square is also home to several chain restaurants, including Longhorn Steakhouse, Panda Express and Chick-fil-A.
NEW ORLEANS — Hilton Hotels and Resorts has opened Homewood Suites by Hilton New Orleans French Quarter, a four-story, 207-suite property located at 317 N. Rampart St. in New Orleans. The hotel offers a 24-hour fitness center, pool, kitchen and grill area and 1,500 square feet of meeting space, as well as 12 balcony suites with full kitchens and separate living and sleeping areas.
OPELIKA, ALA. — The Shopping Center Group has secured a 45,000-square-foot lease for Surge Trampoline Park, which provides trampoline-themed parties and entertainment, in Opelika, a city approximately 65 miles east of Montgomery. The new tenant joins Planet Fitness, CitiTrends and Dollar General at Pepperell Corners, a 210,000-square-foot retail center situated at 2560 Pepperell Parkway. The center, which is 80 percent leased, is undergoing a $3 million renovation program slated for summer completion.
