Property Type

Certes Partners Buys Retail Condo in Manhattan for $2.8M

by Amy Works March 25, 2016

NEW YORK CITY — Certes Partners has acquired a retail condominium, located at 127 Madison Ave. in Manhattan’s NoMad district. The 1,272-square-foot condominium, which features a 500-square-foot basement, sold for $2.8 million. Situated between 30th and 31st streets, the retail condo is on the ground floor of M127, a 13-story luxury condominium. The building was designed by Shop Architects and originally built in 1920. Anand Melwani of ARM Real Estate Group represented the buyer and the seller, Huang Long LLC, in the transaction.

March 25, 2016

pei-wei-1425-east-renner-road-Richardson-texas

Restaurant Retail Texas

Pei Wei to Open Second Location in Richardson

by Haisten Willis March 25, 2016

RICHARDSON, TEXAS — Pei Wei, a fast casual restaurant with an Asian-inspired menu, will open its second location in Richardson on March 28. Pei Wei is now hiring and plans to have a staff of 50 employees. The new Pei Wei location will be located at 1425 E. Renner Road, Suite 610, and will be open from 11 a.m. to 9 p.m. Sunday through Thursday and 11 a.m. to 11 p.m. Friday and Saturday.

March 25, 2016

Hospitality Texas

Crescent Hotels & Resorts to Manage New Courtyard By Marriott in The Colony

by Haisten Willis March 25, 2016

THE COLONY, TEXAS — Crescent Hotels & Resorts will manage a new Courtyard by Marriott hotel scheduled to open this spring in The Colony. Crescent Hotels & Resorts manages over 100 hotels and resorts in the U.S. and Canada. Jackson-Shaw is the developer of the 100-acre, master-planned development The Cascades at the Colony, which encompasses the hotel campus. The Courtyard will include 128 guest rooms, three meeting areas, a new restaurant with a full bar, a garden with a water feature and fire pit and a trail system.

March 25, 2016

Multifamily Texas

M&M Arranges Sale of Apartment Building in Metro Houston

by Haisten Willis March 25, 2016

PASADENA, TEXAS — Marcus & Millichap has arranged the sale of Skylark Townhome Estates, a 16-unit apartment property located in Pasadena. Juan Cuevas and Lucas Fertitta of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a limited liability company. Steven Carrell of the firm’s Houston office secured and represented the buyer, a limited liability company. Skylark Townhome Estates is located at 1017 Skylark Road in Pasadena.

March 25, 2016

Multifamily Texas

Greysteel Negotiates Sale of Walker Place Apartment Complex in Dallas

by Haisten Willis March 25, 2016

DALLAS — Greysteel has negotiated the sale of Walker Place, a 67-unit multifamily community in Dallas. Greysteel’s Boyan Radic, Doug Banerjee, Andrew Mueller and Ryan Hill served as advisor and agent to 12 Walker MGMT LLC in the sale to Walker Place Apartments LLC. Built in 1987, Walker Place features 17 efficiency units, 45 one-bedroom/ one-bathroom units and five two-bedroom/two-bathroom units. Community amenities include private fenced patios, in-unit washer and dryer connections, ceiling fans and an on-site laundry facility. The property is located along Highway Loop 12 giving access to major Dallas/Fort Worth thoroughfares such as SH-67 and SH-12.

March 25, 2016

Office Texas

Cushman & Wakefield Arranges Pair of Office Leases in Dallas

by Haisten Willis March 25, 2016

DALLAS — Cushman & Wakefield has arranged two office leased in Dallas. In the first transaction, Condon Thornton Sladek has leased 10,502 square feet of office space at 8080 Park Lane. Mike Wyatt and Billy Gannon of Cushman & Wakefield represented Condon Thornton Sladek in the transaction. Trey Smith and Ward Eastman of Cushman &Wakefield represented the landlord, Northwood Investors. In the second transaction, Freese & Goss has leased 9,465 square feet of office space in Parkside Tower at 3500 Maple Ave. David Glasscock of CBRE represented Freese & Goss in the transaction. Johnny Johnson, Trey Smith and Layne Mayfield of Cushman & Wakefield represented the landlord, Champion Partners.

March 25, 2016

Midwest Ohio Retail

Bedrock Real Estate Services Acquires The Avenue Shops at Tower City Center for $56.5M

by Christina Cannon March 25, 2016

CLEVELAND — Detroit-based Bedrock Real Estate Services has acquired The Avenue Shops at Tower City Center, a three-story, 366,000-square-foot retail center located in downtown Cleveland, from Forest City Realty Trust Inc. The sale price was $56.5 million, including contractual parking rights to approximately 3,300 associated parking spaces in attached decks and adjacent surface lots. The Avenue Shops at Tower City Center opened in 1990 after Forest City converted the historic Cleveland Union Terminal into the shopping mall. The center is currently comprised of more than 100 retailers and restaurants as well as an 11-screen movie theater. The Avenue Shops are connected to the Ritz-Carlton Hotel, Skylight Office Tower and Terminal Tower, and via indoor walkways to Quicken Loans Arena and JACK Cleveland Casino. Bedrock Real Estate Services is the real estate arm of Quicken Loans Inc. founder and chairman Dan Gilbert.

March 25, 2016

Illinois Midwest Retail

Mid-America Arranges $15M Sale of Fenton Commons in Metro St. Louis

by Christina Cannon March 25, 2016

FENTON, ILL. — Mid-America Real Estate Corp. has arranged the $15 million sale of Fenton Commons, an 82,242-square-foot shopping center located in the St. Louis suburb of Fenton. Best Buy, Old Navy and Barnes & Noble anchor the center, which also features Chili’s and Bank of America outlots. Ben Wineman of Mid-America and Scott Seyfried of Pace Properties worked on behalf of the seller, a private St. Louis-based partnership. A group represented by Greenwood Village, Colo.-based GDA Real Estate acquired the property.

March 25, 2016

Michigan Midwest Office

Schostak Brothers, Schoolcraft College to Develop 91,220 SF Corporate Headquarters for Masco Corp. in Michigan

by Christina Cannon March 25, 2016

LIVONIA, MICH. — Schostak Brothers & Co. has formed a joint venture with Schoolcraft College to develop a 91,220-square-foot corporate headquarters for Masco Corp., which is relocating its operations to Livonia from Taylor, Mich. The building is slated for completion in the spring of 2017. The facility will be located between Six Mile Road and Seven Mile Road on the Schoolcraft College campus. Masco is a designer, manufacturer and distributer of branded home improvement and building products.

March 25, 2016

Illinois Industrial Midwest Office

Opus to Build 23,400 SF Industrial Facility in West Dundee, Illinois

by Christina Cannon March 25, 2016

WEST DUNDEE, ILL. — The Opus Group will develop a 23,400-square-foot warehouse and office facility in West Dundee, approximately 45 miles northwest of Chicago, for oelheld U.S. Inc., a German manufacturer of cooling and lubricating fluids for the tool-making industry. The space, which will be located inside the Oakview Corporate Park, will serve as the company’s U.S. headquarters and manufacturing site. The building will include 7,600 square feet of office space and 15,800 square feet of warehouse space with the ability to accommodate future expansion up to 16,000 square feet. The new facility will include both an interior and exterior spill containment system to ensure that any spilled fluids can be controlled for cleanup, and a new laboratory will allow oelheld to conduct the needed research to meet the demands of their clients. The project is slated for completion this December. Opus Design Build will be the design-builder, and Opus AE Group will be the architect and structural engineer of record. Noel Liston of Darwin Realty represented Opus Development Company, and Ed Lowenbaum and Jason Talanian of Lowenbaum Real Estate Partners represented oelheld in the transaction.

March 25, 2016

Newer Posts

Older Posts