ROUND ROCK, TEXAS — Marcus & Millichap has arranged the sale of Round Rock Storage and Clark Street Annex, a 390-unit self-storage property located at 1400 E. Palm Valley Blvd. and 1320 Clark St. in Round Rock. Nicholas Ling of Marcus & Millichap’s Austin office marketed the property on behalf of the seller, a partnership. Ling also secured the buyer, a limited liability company. Round Rock Storage and Clark Street Annex includes two properties with a total of 39,895 square feet.
HOUSTON — US Property Trust has acquired South Main Shopping Center in Houston. Shadow anchored by Target, South Main’s tenants include Chase Bank, FedEx, Schlotzsky’s, T-Mobile, Papa John’s, State Farm and Wing Stop. The 17,233-square foot property is located on Main Street near NRG Stadium, the Houston Medical Center and Rice University. Tom Clarkson of West Star was the broker for the transaction. Orr Commercial was the seller.
ATLANTA — NCR Corp., a global finance technology firm, plans to expand its new world headquarters campus currently under construction in Midtown Atlanta. The $145 million expansion will add a 14-story tower, which will be connected to a 20-story office tower that is set to open in the first quarter of 2018. The second tower is scheduled to be ready for occupancy in the first quarter of 2019. Currently headquartered in Duluth, Ga., NCR will bring more than 1,800 employees to the headquarters campus, which will feature amenities such as eateries with outdoor seating, a coffee bar, gym, informal gathering places and a large lecture space. NCR and Cousins Properties entered into a long-term, build-to-suit lease for the second tower, which will be owned and developed by Cousins, as is the first tower. NCR, the Georgia Department of Economic Development and Invest Atlanta have agreed on additional incentives for the new tower.
CHARLOTTE, N.C. — Charlotte-based developers Childress Klein and Crosland Southeast have begun construction on The Hub, a six-story, 154,000-square-foot office building within the Waverly in south Charlotte. Designed by RJT+R, the building will feature exposed ceilings; modern lobbies and restrooms; a four-level, 840-space parking garage; and flexible floor plans. The Waverly is a 90-acre mixed-use development located at the intersection of Providence and Ardrey Kell roads. General contractor Shelco LLC expects to deliver The Hub in May 2017. Childress Klein and Crosland Southeast are co-developing the office building, the first of two within Waverly, in partnership with the Matthews family.
WARNER ROBINS, GA. — Eastern Union Funding has arranged a $30.3 million acquisition loan for the purchase of Amber Place, a 392-unit multifamily apartment building located at 6080 Lakeview Road in Warner Robins. Built in 2007, Amber Place comprises one- to three-bedroom rental apartments averaging 1,215 square feet. Community amenities include a clubhouse, movie theater, sauna, two pools and detached garages. The borrower is CiTYR Group, an Israeli-based property investor with offices in London and New Jersey. Michael Muller and Mike Orlik of Eastern Union placed the 12-year, fixed-rate loan through Arbor Commercial Mortgage. The loan features three years of interest-only payments, followed by a 30-year amortization schedule.
RICHMOND, VA. — Phillips Realty Capital has secured a $24 million loan for 8th & Main Apartments, an adaptive reuse apartment community located in downtown Richmond. The property features 195 loft residences with one-, two- and four-bedroom layouts; nearly 10,000 square feet of ground-floor commercial space, the majority of which has been leased to Apple REIT; a rooftop swimming pool and terrace; and a fitness center. Charles DuBose structured the loan on behalf of the borrower, The Monument Cos. Monument converted the former Morris Plan Bank and office building into a Class A apartment community using Historic Rehabilitation Tax Credits.
MARIETTA, GA. — Avison Young has arranged a nearly 62,000-square-foot lease for office space at 1600 Terrell Mill Road in Marietta, a northwest suburb of Atlanta. The tenant, First Data Corp., is a publicly traded finance technology firm. First Data signed the seven-year lease agreement with the undisclosed owner. Ben Parker, Rick Nash and Jillian Woodliff of Avison Young’s Atlanta office represented the owner in the lease transaction.
HOFFMAN ESTATES, ILL. — McShane Construction Co. has broken ground on a 56,300-square-foot office and showroom property for TRUMPF, a German manufacturer of fabricating equipment and industrial lasers. The asset will be located on a five-acre site within the Huntington 90 business park in Hoffman Estates, a suburb of Chicago. Berlin-based architect Barkow Leibinger designed the asset, which will feature 30,250 square feet of office space, a 26,050-square-foot open showroom, central courtyard and parking for 50 vehicles. McShane Construction plans to deliver the building in the summer of 2017. Heitman Architects Inc. is serving as the architect of record for the project.
LOMBARD, ILL. — Brennan Investment Group LLC has purchased the Woodlake Corporate Park located at 900 Parkview Blvd. in Lombard, roughly 21 miles west of Chicago. The seven-building, 262,697-square-foot is situated within Chicago’s East-West Tollway submarket. The 35-acre business park is in close proximity to I-355 and O’Hare International Airport. The sales price and seller were undisclosed.
LAKE GENEVA, WIS. — Marcus Hotels & Resorts, a division of The Marcus Corp., plans to add 29 all-season villas to the Grand Geneva Resort & Spa in Lake Geneva. The resort features 355 guest rooms, as well as 225 suites at Timber Ridge Lodge & Waterpark. Villa guests will have access to all the amenities of the resort in addition to their own outdoor swimming pool during the summer and six fire pits. The villas will feature studio, one-, two- and three-bedroom floor plans with a kitchen, fireplace, flat screen TV and a washer and dryer. Half of the villas will be available beginning in March 2017, and the remaining units will be open by June 2017. The 1,300-acre Grand Geneva Resort features two championship golf courses, The Mountain Top ski and snowboard facility, horseback riding, three restaurants and 62,000 square feet of meeting and convention space.