Property Type

Q10 KDH Arranges Loan for Apartment Complex in Metro Dallas

by Haisten Willis August 28, 2015

DALLAS — Q10 KDH Vice President Larry Peters has arranged financing for a suburban apartment complex in Dallas. The Class A property offers amenities including a fitness center, walking trails, a pool with wood burning rock fireplace, attached garages and elevators. The property is 95 percent occupied with a tenant mix of 80 percent seniors. Q10 Kinghorn, Driver, Hough & Co. is a Texas-based full service commercial mortgage banking company that arranges financing for developers and owners of commercial real estate.

August 28, 2015

Office Texas

Boxer Arranges Office Lease in Houston

by Haisten Willis August 28, 2015

HOUSTON — Boxer Property has arranged a 5,000-square-foot lease for a government entity in Northwest Houston. The property is located at 340 and 350 N. Sam Houston Parkway E., just off Beltway 8, and provides 172,969 square feet of office space for rent. Boxer Property owns and manages the building. Diana Boswell negotiated the agreement on behalf of Boxer Property, working alongside Gary Rothe, the property manager, and Christine Guerra, leasing representative. The two-story buildings include amenities such as a conference room, video surveillance and 24=hour secure key card access.

August 28, 2015

Office Texas

NAI Partners Represents Sembmarine SSP Inc. in Office Sublease in Houston

by Haisten Willis August 28, 2015

HOUSTON — NAI Partners represented Sembmarine SSP Inc. in subleasing 5,640 square feet of office space located at 10300 Town Park Drive in Houston. Sembmarine SSP Inc., a Sembcorp Marine subsidiary, specializes in the design, engineering and construction of floating production and drilling structures for the oil and gas industry. Jason Whittington and Liz Westcott-Brown of NAI Partners represented Sembmarine SSP Inc. during the sublease negotiations, while Peggy Meredith with PMCRE represented the sub-landlord, CGG Services Inc.

August 28, 2015

Industrial Iowa Midwest

Binswanger Brokers Sale of 107,070 SF Manufacturing Facility in Iowa

by Amy Works August 28, 2015

BELLE PLAINE, IOWA — Binswanger has brokered the sale of a manufacturing facility located at 200 Industrial Park Blvd. in Belle Plaine, approximately 87 miles east of Des Moines. The 107,070-square-foot property, formerly a Benco Manufacturing facility, sold to Frontier Natural Products Co-op for an undisclosed price. The natural and organic food products wholesaler and distributor plans to use the facility as a food processing and distribution site. Gerry Norton and Jake Thomas of Binswanger’s Minneapolis office represented the seller, Granite REIT, in the transaction.

August 28, 2015

Michigan Midwest Office

CBRE|Martin Negotiates Sale of 18,584 SF Office Building in Michigan

by Amy Works August 28, 2015

LANSING, MICH. — CBRE|Martin has negotiated the sale of an office building located at 7050 W. Saginaw in Lansing for an undisclosed price. 7050 Building LLC sold the 18,584-square-foot property to Bergmann Associates, an architectural and engineering design firm. Bergmann is currently leasing 10,000 square feet in East Lansing and plans to move its 50 Michigan-based employees to the new location this fall. Eric Rosekrans and Thomas Jamieson of CBRE|Martin represented both parties in the transaction.

August 28, 2015

Midwest Missouri Retail

RCG Ventures Acquires 118,080 SF Shop ’n Save Center in Missouri

by Amy Works August 28, 2015

ELLSVILLE, MO. — RCG Ventures (Fund III) has acquired Shop ’n Save Shopping Center located in Ellsville, a city west of St. Louis, for an undisclosed price. The 118,080-square-foot center is situated along Manchester Road, one of the most established retail thoroughfares in St. Louis. Chase Young of CBRE represented the undisclosed seller, while Jeff Miller provided in-house representation for the buyer.

August 28, 2015

Midwest Office Ohio

Cooper Commercial Brokers $8.5M Sale of Cleveland Office Portfolio

by Amy Works August 28, 2015

CLEVELAND, OHIO — The Cooper Commercial Investment Group has arranged the sale of a three-building office portfolio located in Cleveland’s eastern suburbs. The properties sold for $8.5 million, or 95 percent of the listing price. Dan Cooper of Cooper Group represented the seller, a private investment group, and procured the buyer, an East Coast-based private equity group, in the transaction.

August 28, 2015

Industrial Midwest Ohio

Irvine Wood Recovery Buys Industrial Building in Lockland, Ohio

by Amy Works August 28, 2015

LOCKLAND, OHIO — Irvine Wood Recovery has acquired an industrial building located at 531 N. Wayne Ave. in Lockland, a suburb of Cincinnati. T&R Janszen sold the 97,000-square-foot property for $850,000. Situated on nearly nine acres, the property features heavy electrical services, nine docks and one drive-in door. Jeff Bender of DTZ represented the buyer in the transaction.

August 28, 2015

North Carolina Office Southeast

Bissell Breaks Ground on Spec Office Building in Charlotte

by John Nelson August 28, 2015

CHARLOTTE, N.C. — Bissell has started construction on Brigham Building, a speculative 287,507-square-foot office building within Ballantyne Corporate Park in Charlotte’s Ballantyne office submarket. The 10-story building will be located at 11625 N. Community House Road and will overlook the 12th hole of The Golf Club at Ballantyne. The project team, which includes architect LS3P Associates and general contractor Rodgers Builders, is aiming for LEED Gold certification. Upon completion in November 2016, Brigham Building will feature a two-story lobby, glass exterior curtain walls, free structured parking and balconies on the third and 10th floors. In addition to Brigham Building, Bissell has plans for the next phase of speculative development on the east side of Ballantyne Corporate Park. The plan presently includes a campus of three 10-story buildings and one six-story building, totaling more than 900,000 square feet, as well as a 150-room hotel with event space.

August 28, 2015

Maryland Multifamily Southeast

Gables Residential Completes Luxury Apartment Community in Metro D.C.

by John Nelson August 28, 2015

ROCKVILLE, MD. — Atlanta-based Gables Residential has completed Gables Upper Rock, a four-building, 551-unit upscale apartment community in Rockville, a Maryland suburb of Washington, D.C. Located at 40 Upper Rock Circle near I-270, the apartment community is the residential component of Rockville’s Upper Rock District, a mixed-use development that includes office space and will eventually house retailers. Gables Upper Rock features two community swimming pools, a lounge, grilling stations, 20-foot outdoor movie screen, fitness center, club room with a bar, foosball and billiards, a cyber cafe, bocce ball court, Zen garden, private meeting room and an onsite dog park and dog grooming station.

August 28, 2015

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