Property Type

CH2M Renews Lease for Headquarters Space in Englewood

by Nellie Day November 3, 2015

ENGLEWOOD, COLO. — CH2M has renewed its lease for a 370,485-square-foot office facility in the Denver submarket of Englewood. The space is located at 9191 S. Jamaica Street. The global engineering and project delivery company has leased the three-building property since 2007. This represented the largest office lease in Denver so far this year, according to Savills Studley, which represented CH2M. Monty Harris and Rob Link worked on behalf of the firm. The landlord, Columbia Property Trust, was represented by Jamie Gard and Jeff Castleton of Newmark Grubb Knight Frank.

November 3, 2015

Colorado Multifamily Western

Cascade Village Apartments in Westminster Changes Hands

by Nellie Day November 3, 2015

WESTMINSTER, COLO. — The 444-unit Cascade Village apartment complex in Westminster has sold to a joint venture between Phoenix Realty Group and Real Estate Corporation for an undisclosed sum. The community is located at 6880 W. 91st Court. Cascade Village is situated just half a mile from the 105-acre Westminster Mall master-plan redevelopment that will add 1 million square feet of commercial office space to the area, along with 1.1 million square feet of retail and entertainment venues, and high-density multifamily and residential properties. The unnamed seller was represented by Shane Ozment, Terrance Hunt, Doug Andrews and Jeff Hawks of ARA Newmark.

November 3, 2015

California Industrial Western

IDI Gazeley Leases 1 Million SF at Stratford Ranch in Perris

by Nellie Day November 3, 2015

PERRIS, CALIF. — IDI Gazeley has leased more than 1 million square feet at the Stratford Ranch development in Perris. The international home improvement retailer will occupy Building A of the development. The new space will serve as a storage, warehousing and distribution center for IDI Gazeley’s products. The firm was represented by Bill Heim and Michael Chavez of Lee & Associates. The landlord was represented by CBRE’s Joey Sugar.

November 3, 2015

Colorado Retail Western

Pinnacle Arranges Sale of Kneaders Bakery and Café in Colorado for $2.6M

by Nellie Day November 3, 2015

HIGHLANDS RANCH, COLO. — Pinnacle Real Estate Advisors LLC has arranged the $2.6 million sale of a newly constructed 3,798-square-foot Kneaders Bakery and Café in Highlands Ranch. Tom Ethington and Rob Edwards of Pinnacle represented the seller in the transaction.

November 3, 2015

Florida Multifamily Southeast

Berkadia’s Tampa, Orlando Offices Arrange Sale of Two Properties in Florida

by Haisten Willis November 3, 2015

TAMPA & CLEARWATER, FLA. — Berkadia’s Orlando and Tampa offices have arranged the sale of two Florida properties totaling nearly $53 million. Berkadia negotiated the sale and financing of Mainsail South Residences, a multifamily property located at 4711 S. Himes Ave. in Tampa. Jason Stanton of the Tampa office, along with Cole Whitaker and Hal Warren of the Orlando office, completed the sale on Sept. 10. Justin Ownby of the Tampa office negotiated the $25 million acquisition loan through Berkadia’s Fannie Mae Program. The sellers were Mainsail Villas II LLC and Mainsail Villas Holdings LLC of Tampa. Avesta Acquisition LLC, of Tampa, was the buyer and plans to renovate the property’s interior, exterior and common areas. The 10-year loan features a 2.6 percent floating interest rate and a 30-year amortization schedule. Mainsail South Residences is a 319-unit property built in 1984. Unit amenities include fully equipped kitchens, ceiling fans, cable and Internet access, washer and dryer units, vaulted ceilings and patios or balconies. Select units have fireplaces. Community amenities include a swimming pool, Jacuzzi, sun deck, laundry facility, business center, clubhouse, recreation room, extra storage space and secured access gating. The property is 95 percent occupied and is located on a …

November 3, 2015

Alabama Loans Office Southeast

Meridian Arranges $35M in Acquisition Financing for Office Park in Metro Birmingham

by Haisten Willis November 3, 2015

HOOVER, ALA. — Meridian Capital Group has negotiated $35 million in acquisition financing for the purchase of the Meadowbrook North Office Park located in Hoover on behalf of The Matrix Group. The two-year loan, provided by Rialto Mortgage Finance, features a LIBOR-based floating-rate, interest-only payments for the full term and a one-year extension option. Tal Bar-Or, Judah Neuman and Kyle Kite of Meridian’s New York City headquarters negotiated the transaction. Meadowbrook North Office Park, located at 100, 300, 500 and 1200 Corporate Drive on U.S. Highway 280, includes four Class A office buildings totaling 509,000 square feet. Developer Daniel Corp. built the property. Amenities include a 13-acre lake, 1.3-mile walking trail, three daycare facilities and a post office. The Hoover submarket contains Birmingham’s highest concentration of Class A office stock, totaling 4.7 million square feet.

November 3, 2015

Georgia Industrial Multifamily Office Retail Southeast

Colliers International Group Acquires Colliers International Atlanta

by Haisten Willis November 3, 2015

NEW YORK CITY & ATLANTA — Colliers International Group has acquired Colliers International Atlanta. The current shareholders of Colliers Atlanta will continue to retain equity in the business under Colliers’ unique partnership model. Terms of the transaction were not disclosed. Founded in 1967, Colliers International Atlanta offers a full range of services for commercial real estate owners and occupiers. Comprising more than 250 professionals, Colliers International Atlanta provides investment sales, lease brokerage, capital markets, property management and project management to local, regional, national and international clients.

November 3, 2015

Industrial South Carolina Southeast

NAI Avant Brokers 1,185-Acre Land Sale in Columbia for $3M

by Haisten Willis November 3, 2015

COLUMBIA, S.C. — NAI Avant’s Tom and Tombo Milliken have brokered the sale of 1,185 acres on Beckham Swamp Road and Longwood Road in Richland County, S.C. The property, known as Liberty West, was owned by Congaree Carton LP and sold for $3 million. NAI Avant represented the purchaser in the timber and recreational holding.

November 3, 2015

Multifamily Texas

Olympus Property Acquires Alexan Arts Apartment Complex in Dallas

by Haisten Willis November 3, 2015

FORT WORTH, TEXAS — Olympus Property has acquired Alexan Arts, a Class A mid-rise apartment community situated on over 3.5 acres and including 368 units. Built in 2015, Alexan Arts offers amenities including a clubhouse with social lounge, swimming pool with outdoor grills and TVs, poolside cabanas, three fireside lounges and a fitness center. Situated in the Dallas Arts District, the property is positioned near the Dallas central business district. Floor plans include quartz countertops, stainless steel appliances, 10-foot ceilings, tile backsplash, private balconies and optional Sonos audio system and private yard upgrades. Alexan Arts is the third property to be added to Olympus Property’s fifth fund, WW Olympus Property V LLC.

November 3, 2015

Healthcare Texas

M&M Arranges Sale of Medical Office Portfolio in Metro Houston

by Haisten Willis November 3, 2015

KATY, TEXAS — Marcus & Millichap has arranged the sale of a 108,066-square-foot, two-building medical office portfolio anchored by a Memorial Hermann Rehabilitation Hospital and Ambulatory Surgery Center. The facilities are located in the Houston suburb of Katy. Scott Niedergang and Gino Lollio of Marcus & Millichap’s Healthcare Real Estate Group represented the seller, a partnership of local private investors and physicians practicing in the facilities. The pair also procured the buyer, a publicly traded real estate investment trust. Memorial Hermann is the largest not-for-profit healthcare system in Southeast Texas with 13 hospitals and numerous specialty programs and services in the Greater Houston area.

November 3, 2015

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